Business Irish

Monday 19 March 2018

Worldspreads on track for growth TNT can't 'maintain past performance' Coffee, sugar and cocoa to rise 10-fold Business managers' confidence grows


WORLDSPREADS continued to show positive growth in its core trading activities during the second half of its financial year and expects results for the full year to be in line with previous guidance, the company said yesterday. Annual revenue should be some 25pc ahead of last year.

TNT can't 'maintain past performance'

THE Irish arm of international courier firm, TNT Express said yesterday it will be very, very difficult to maintain the performance of recent years as the challenging environment in Ireland is almost like no other in the present day. Accounts just filed show TNT almost doubled its operating profits from €2m to €3.9m in the 12 months to the end of December 2009. The Dutch-owned company recorded the 92pc increase in operating profits after the company marginally increased its revenues from €45.1m to €46m.

Coffee, sugar and cocoa to rise 10-fold

COFFEE, sugar and cocoa prices will rise five- to 10-fold by 2014 because of shortages that will mean consumers getting "swamped" by food-price inflation, according to Superfund Financial. Commodities account for about 40pc of Superfund's assets under management. Smith correctly predicted record copper prices in November and a month later rightly anticipated that silver would outperform gold.

Business managers' confidence grows

THE latest ISME trends survey claims business sentiment among SME owner managers, while still negative overall, has improved on the previous quarter. The export sector is still performing strongly, with the value of exports way ahead of this time last year. In contrast, firms in the domestic economy are continuing to struggle, with many in "survival" mode.

Irish Independent

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