Russia

Russia's Magnit Reports Like-For-Like Sales Growth Of 5.5% In FY 2023

Russian retailer Magnit has reported like-for-like (LFL) sales growth of 5.5% in its full financial year 2023.

Russia Plans Big Dairy Export Push In North Africa, Middle East, Asia

Russia plans to grow its presence in the global dairy products market by increasing supplies by 15-20% annually.

Swedish Investor AP7 To Back Study On Mondelēz’s Russia Business

At least one Mondelēz International investor, Swedish pension fund AP7, will back a resolution calling for the Oreo cookie maker to conduct an independent...

Metro AG Reports Sales Growth Of 7.2% In Second Quarter

Metro AG has reported sales growth of 7.2% in the second quarter of its financial year, with all business segments and channels contributing to its perform...

World Food Prices Up In April For Second Month, Says UN Agency

The United Nations food agency's world price index rose for a second consecutive month in April as higher meat prices and small increases in vegetable oils...

Grain Trader ADM Beats Quarterly Profit Estimates As Costs Ease

Global grain trader Archer-Daniels-Midland beat market estimates for first-quarter 2024 profit as lower energy and manufacturing costs led to an increase o...

Freight Forwarder Kuehne+Nagel's Profit Falls, Beats Forecast

Swiss freight forwarder Kuehne+Nagel has reported a 39% drop in quarterly operating profit but beat market expectations, aided by cost cutting measures ami...

US Wheat Farmers Face Bleak Crop Economics As Grain Oversupply Hits

Profit is growing further out of reach for US wheat farmers and many do not expect to break even in 2024 as ample global supply keeps prices around their l...