Funding & Business
AB Foods Expects Some Improvement in Sugar Profit Next Year
Associated British Foods Plc gave a muted outlook for its sugar division next year, saying it expects some improvement in profitability though prices remain below previous expectations.
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Former Virgin Australia Holdings Ltd. Chief Executive Officer Jayne Hrdlicka left the airline with a final package of A$50 million ($33 million), a windfall that makes her one of the country’s best-paid leaders.
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Hot themes from artificial intelligence to biotech have driven Chinese investors to pour record amounts of cash into locally listed exchange-traded funds that track Hong Kong stocks, a trend that analysts say is likely to continue.
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As Hungary embarks on building railways that link car factories to new markets in western Europe, the country is turning to financing in China.
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