The Proserpine Sugar Mill and Canegrowers in northern Queensland are reported to have entered a pact. The deal signed is claimed to ensure that growers will receive payment for cane even if CCS touches as low as 5.5.
The cyclone Ului that hit the Mackay region early this year, followed by a very wet winter presented a tough season. The sugar content of the crop or CCS has registered a significant fall, touching a level less than 11. However, it is expected to lower further.
Global Switch’s Sydney facility, one of Australia’s largest datacenters, has bagged $3 million contract for housing Federal Government-funded telco NBN Co’s hardware and software systems.
NBN Co was in search of a facility to install hardware equipment to run its potential mainland network, which could start offering services sometime in early 2011.
The announced $3 million contract could be expanded further as the NBN Co’s network grows.
Kevin Brown, head of corporate services at NBN Co, said that the facilities need to be well-run, secure and environmentally friendly.
The fashion Company, Superdry has announced that it has increased the rate of its growth, as it had been able to open several stores in foreign shores. The rate of expansion was such, that the company was able to reach a record number regarding the opening of stores in a quarter.
The self acclaimed fastest growing fashion Company, while releasing its results for the third-quarter stated that the organization had witnessed a growth of 68.4% to reach 57.5 Million Euros. Superdry had seen its growth increase by 60% in the 2nd quarter of the year.
Carr’s Milling Industries announced 27% rise in annual pre-tax profits to £9 million.
Carlisle-based company is the food and engineering company and increased its profits on the back of two Scottish acquisitions.
The figures reveal that there have been increased sales of the animal feed in the US market, said by Chief executive Chris Holmes.
He also said that we have a strong agricultural base in UK which helps us to continue growth process in spite of increasing prices of milk.
In a deal that would involve the transfer of £450 million, the private equity firm Doughty Hanson would be looking to but the third-largest cinema chain in Britain, Vue Entertainment. The agreement, which has not yet been finalized, would help Vue Entertainment to further expand the chain of cinemas under it.
Asos, an online fashion retailer, has launched the `Asos Marketplace' initiative. This is a new feature that will allow smaller, independent designers to sell their products on its website. It hopes that this move will improve its sales and increase traffic to its site.
Another of the company's features, Fashion Finder, allows customers to search for brands that the company normally does not stock. This feature, as well as a quick expansion in overseas markets, are also intended to boost Asos' performance.
Chancellor George Osborne and Business Secretary Vince Cable have traveled to China as part of the UK's trade mission with the emerging economic giant. Prime Minister David Cameron will be joining them on Tuesday, as well as 50 British business leaders.
The trade mission is a high-profile initiative intended to bolster business with China. It comes after a high-profile visit to India by members of the Government in July.
Australia's leading ship builder Austal has announced the acquisition of a system integrator- Australian Technology Information (ATI) for an unspecified sum.
Canberra-based Australian Technology Information offers specialized services, such as information technology, systems engineering & integration, verification & validation systems and all that to the Australia's defence forces.
For bidding on French retailer's Carrefour's (CARR. PA) Southeast Asian assets, Singapore's Dairy Farm (DAIR. SI) and Britain's Tesco (TSCO. L) are in competition with other companies in second round. For second-round biddings in the auction, Carrefour has set the deadline of November 5, 2010. Carrefour is presently the World no. 2 retailer and they expect to fetch $ 1 billion in this transaction.
Carrefour, the supermarket operator would like to focus on the markets where they have leading position so they are selling the retail shops in Thailand, Malaysia and Singapore.
The Society of Motor Manufacturers and Traders (SMMT) reveals that car sales heavily decreased and arrived at its lowest point since May 2009. The registration rates for new cars decreased 22% to 131,495 in October.
Market analysts expect further decrease in sales in 2010 due to the lack of confidence on side of British consumers who are still hesitant due to economic instabilities.
A newspaper has reported that French nuclear reactor company, Areva is going to sign a deal with China. The deal is expected to be $3 billion and for supplying to China Guangdong Nuclear Power Corp (CGNPC) some 20,000 tons of Uranium for next 10 years. The report appeared in Les Echos.
The contract is going to be signed between the two parties when Chinese President Hu Jintao comes for a visit to France during this week.
Metro-Goldwyn-Mayer (MGM), the entertainment giant that released such classics as The Wizard of Oz, has declared bankruptcy this week. This comes as part of a $4 billion debt that it will be shedding under a pre-arranged deal with creditors.
The studio's creditors tousled with MGM for over a year over the debt, and are now preparing to seize up to 95% of the company. This will be executed under a financial restructuring scheme that is set to appear before a bankruptcy judge in Los Angeles for approval.
As the Government intends to sell the Port of Dover, Dame Vera Lynn, 93 has put forth a £400 million People’s Bid.
The Forces Sweetheart in the Second World is said to have come up with a bid which was backed and organized by Dover’s Tory MP Charlie Elphicke.
It is being said that this bid plans to keep the port out of foreign ownership. In an attempt to make sure that the White Cliffs of Dover remain forever England, she is said to have made the bid.
Jan Cameron, Tasmanian-based businesswoman along with a team of fellow philanthropists is reported to have given over 28,000 hectares of land to the Tasmanian Land Conservancy.
It is deemed to be the only biggest private conservation agreement in the Australian history.
It is reported that the 34 properties, over 98 titles, are located in the state's central north-east and far south, attributing to over 1 % of all private held land in the state.
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