Euronext investors overwhelmingly back NYSE merger
Euronext shareholders on Tuesday (ENXT. PA) approved overwhelmingly a $14-billion plan to merge the multinational European exchange operator with the New York Stock Exchange and form the first transatlantic bourse. Around 98. 2 percent of shareholders present or represented at the meeting backed the merger, a margin that surprised even Euronext Chief Executive Jean-Francois Theodore after several shareholders voiced opposition to the deal in recent weeks.
Premier sales hit by mild weather
2006.12.26|
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The firm, which is buying rival food firm RHM in a £1.2bn deal, said sales for the year as a whole would be at the lower end of expectations as a result.
Nevertheless, it is still expecting annual sales growth of 20%.
Premier bought Campbells Soup's UK arm earlier this year and will acquire brands such as Hovis in the RHM deal.
'Opportunities'
In a trading update ahead of its full-year results in March, Premier said trading in recent months had been affected by the milder-than-expected weather and increased costs.
But it added that like-for-like sales growth, excluding sales from products acquired during the year, was in line with expectations.
"2006 has been a year of transformation for Premier," said its chief executive Robert Schofield. "We are excited by all the opportunities that bringing these two great businesses [Premier Foods and RHM] together will offer."
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