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Brambles has reported resilient sales and a strong cash flow performance for the year ending 30 June 2009.
Brambles’ share price dived 13 per cent on news that the company’s CHEP pallet operation lost a significant amount of Pepsico business in the USA, but the company has denied the loss will have a big impact on its results.
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Brambles, the owner of CHEP pallets, will cut 750 jobs and scrap almost ten per cent of its pallets as it faces the economic downturn in Europe and the US.
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Pallet giant Brambles has said it will weather the global financial storm, continuing another year of growth.
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Asciano has indicated there could be another takeover attempt from private equity consortium TPG, two months after dismissing the consortium’s $2.9 billion bid.
Continue reading …Pallet giant Brambles Ltd has reported a significant fall in its 2007-08 net profit, but it said the outlook remained buoyant backed by a boost in its operating profit and extensive organic growth prospects.
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Brambles has delivered a solid performance for the 11 months to the end of May 2008 with sales 13% higher than the prior corresponding period (6% in constant currency),
Continue reading …Asciano Group Ltd is expected to dispose of its holding in Brambles Ltd within the next month to shore up its capital position even though it may lose $100 million on the investment.
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Paul Little continues to defy worsening market conditions, bringing in a much-improved earnings result for Toll and declaring his intention to aggressively expand the company’s forwarding activities in Asia.
Continue reading …Australia’s biggest port and rail operator Asciano Group Ltd said it cannot explain the recent fall in its stock price of almost 20 per cent, and is still expecting earning for this financial year.
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