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Japan Foods Holding says FY net profit attributable up 23.3 pct

Thursday, 25 May 2017 07:44pm EDT

May 26 (Reuters) - Japan Foods Holding Ltd ::FY net profit attributable to equity holders of company up 23.3pct to S$4.7 million.Proposes a final dividend of 1.25 singapore cents per ordinary share.FY revenue S$65.5 million versus S$62.8 million.For the next 12 months co expects operating environment in local F&B scene to remain challenging.

Wendys Co stockholders at the annual meeting elected each of the 11 director nominees

Thursday, 25 May 2017 05:17pm EDT

May 25 (Reuters) - Wendys Co :Wendys Co says on May 23, 2017, stockholders at the annual meeting elected each of the 11 director nominees.Wendys Co says stockholders did not approve a stockholder proposal regarding an independent board chairman.

Taco Bell plans to reach $15 bln in global system sales by 2022

Thursday, 25 May 2017 05:00pm EDT

May 25 (Reuters) - Yum! Brands Inc :Taco bell outlines restaurant growth plan to reach $15 billion in global system sales by 2022.Taco bell corp says will focus its "growth" in brazil, canada, china and india, targeting at least 100 restaurants in each market.Taco bell - ‍by 2022, expects at least 300 of new locations to be urban inline restaurants in markets with "great growth potential​".Taco bell corp says plans to grow approximately 9,000 restaurants globally in next five years.

Biglari Holdings to buy Pacific Specialty Insurance Co

Thursday, 25 May 2017 04:30pm EDT

May 25 (Reuters) - Biglari Holdings Inc :Biglari holdings inc. To acquire pacific specialty insurance company.Biglari holdings inc - deal for purchase price of $299.5 million.Deal consisting of $24 million in cash payable at closing of transaction and $275.5 million of deferred payments.Biglari holdings inc - ‍pacific specialty and its affiliated agency will operate independently of biglari holdings' other insurance operations​.Biglari holdings inc- ownership change will not have an impact on day-to-day operations.Biglari holdings- $175.5 million is payable in cash over 10-year period, $100 million is payable by promissory note that matures upon death of michael mcgraw.

Zoës Kitchen Q1 adjusted earnings per share $0.01

Thursday, 25 May 2017 04:05pm EDT

May 25 (Reuters) - Zoe's Kitchen Inc :Zoës kitchen announces first quarter 2017 results.Q1 adjusted earnings per share $0.01.Q1 revenue $90.6 million versus i/b/e/s view $92.6 million.Qtrly comparable restaurant sales decreased 3.3%..Q1 earnings per share view $0.01 -- Thomson Reuters I/B/E/S.Sees fy total revenue between $314.0 million and $322.0 million.Zoe's kitchen inc sees ‍2017 comparable restaurant sales of flat to negative 3.0%​.Fy2017 revenue view $324.1 million -- Thomson Reuters I/B/E/S.Zoe's kitchen inc sees ‍2017 restaurant contribution margin between 18.3% and 19.0%​.

Fitch says consumer trends, taxes, M&A impact U.S. Consumer Sectors

Thursday, 25 May 2017 02:08pm EDT

May 25 (Reuters) - Fitch : :Fitch says consumer trends, taxes, M&A impact U.S. Consumer Sectors.Fitch says views firms with meaningful natural/organic or snack food offerings as best positioned to benefit from these changes.Fitch says "Believes moderating litigation risk has increased appeal of U.S. tobacco market to global players".Fitch says cos across consumer sector are adjusting their product mix, menus, strategies to address consumer trends toward health, wellness, convenience and value.Fitch says also views firms with portfolios focused on fresh offerings or on-trend around perimeter of store, as best positioned to benefit from changes.Fitch says M&A will persist with Kraft Heinz, Tyson, Newell Brands and Constellation remaining active participants.Fitch says views positively Mcdonald's recently announced initiatives.Fitch says "Alterations to trade policy might affect agribusiness and protein firms given role of exports in these areas".Fitch says tax reform could provide a disproportionate benefit to multinational U.S. non-alcoholic beverage companies, such as Coca-Cola and Pepsico.Fitch says "Restaurants will likely be most impacted by changes to labor regulations as labor can be a third of costs".

Xian Haitian Antenna says co acquired 677,700 shares of total issue shares of Cloud Live

Thursday, 25 May 2017 10:50am EDT

May 25 (Reuters) - Xian Haitian Antenna Holdings Co Ltd <8227.HK> ::Co acquired 677,700 shares, about 0.085 percent of total issue shares of Cloud Live in the stock market.Co acquired shares at a total consideration of about RMB2.46 million.

Autogrill Jan-April revenue up 5.1 pct, boosted by airport business

Thursday, 25 May 2017 08:22am EDT

May 25 (Reuters) - Italian motorway and airport caterer Autogrill says::revenue up 5.1 percent to 1.37 billion euros in the first four months of the year, helped by a strong performance in North America.revenue in the airport business up 12.4 percent.like-for-like revenue up 4.8 percent.

NEO Group posts FY profit attributable of s$ 3.3 mln, down 46.2 pct

Wednesday, 24 May 2017 09:44pm EDT

May 25 (Reuters) - Neo Group Ltd :FY revenue S$162.0 million versus S$125.4 million.Proposed final cash dividend of 1.00 Singapore cents per share was proposed for the financial year ended 31 March 2017.FY profit attributable S$ 3.3 million, down 46.2 pct.

Shinmei to acquire shares of Shokubun

Tuesday, 23 May 2017 10:14pm EDT

May 24(Reuters) - Shokubun Co Ltd <9969.T>:Says Shinmei Co Ltd will acquire 1.9 million shares (19.9 percent voting power) of the company, on May 26.

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