Harish Patel, Unite national officer for steel, said: "British Steel now needs to build on its initial success by properly investing in its skilled workforce. The British Steel name disappeared in 1999 when it merged with a Dutch rival to become Corus. British Steel has supplied all the rail for the Crossrail project in London. British Steel said its operations had made a profit of £47m for the year to 31 March, compared with a £79m loss in the previous financial year when it was still owned by Tata Steel. British Steel was re-formed last June when investment firm Greybull bought Tata Steel's long products business, which is primarily the Scunthorpe steelworks, for £1 and renamed it.
referring to, one of Canada's largest dairy producers, reported lower-than-expected quarterly profit, driving its shares to a nearly nine-month low on Thursday. Chief Executive Officer Lino Saputo Jr said several factors hurt the U.S. business, including declining cheese prices that caused customers to hold off on orders. [nL3N1HR45O] Upcoming trade negotiations are the "elephant in the room," but Canadian politicians seem determined to preserve supply management, Saputo Jr said. In an interview, Saputo Jr said the potential acquisitions are in the United States, Australia and Argentina, with annual revenues ranging from C$100 million to C$1 billion. Saputo's shares shed as much as 9.5 percent, before moderating to a loss of 3.8 percent at C$43.37 in Toronto.
Chief Executive Officer Lino Saputo Jr said several factors hurt the U.S. business, including declining cheese prices that caused customers to hold off on orders. Upcoming trade negotiations are the "elephant in the room," but Canadian politicians seem determined to preserve supply management, Saputo Jr said. In an interview, Saputo Jr said the potential acquisitions are in the United States, Australia and Argentina, with annual revenues ranging from C$100 million to C$1 billion. (Updates with CEO comments, analyst's comments)By Rod NickelJune 1 Saputo Inc, one of Canada's largest dairy producers, reported lower-than-expected quarterly profit, driving its facebook/" target="_blank">shares to a nearly nine-month low on Thursday. Saputo's shares shed as much as 9.5 percent, before moderating to a loss of 3.8 percent at C$43.37 in Toronto.
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Dairy Saputo profit disappoints, shares near 9-month low
ReutersUPDATE 3-Dairy Saputo profit disappoints, facebook/" target="_blank">shares near 9-month low(Updates with CEO comments, analyst's comments) By Rod NickelJune 1 (Reuters) - Saputo IncChief Executive Officer Lino Saputo Jr said several factors hurt the U.S. business, including declining cheese prices that caused customers to hold off on orders. Upcoming trade negotiations are the "elephant in the room," but Canadian politicians seem determined to preserve supply management, Saputo Jr said. In an interview, Saputo Jr said the potential acquisitions are in the United States, Australia and Argentina, with annual revenues ranging from C$100 million to C$1 billion. (Updates with CEO comments, analyst's comments)By Rod NickelJune 1 Saputo Inc, one of Canada's largest dairy producers, reported lower-than-expected quarterly profit, driving its facebook/" target="_blank">shares to a nearly nine-month low on Thursday. Saputo's shares shed as much as 9.5 percent, before moderating to a loss of 3.8 percent at C$43.37 in Toronto.
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collected by :Jack Luxor
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