As his chartered Cessna flies above the Democratic Republic of Congo’s Katanga province, Mussadiq Hamid Merican flips through the pages of his Malaysian passport, counting Congolese visas.
Premier Foods Plc, the British maker of Mr Kipling cakes, plans to raise 828 million pounds ($1.4 billion) by selling shares and bonds to refinance debt that once brought it close to collapse.
The tin market is poised for a fifth year of shortages as new rules in Indonesia curb exports, driving up costs for manufacturers of everything from tablet computers to televisions to telephones.
Premier Foods Plc’s first-half earnings jumped, providing relief to investors after shares of the British maker of Hovis bread dropped about 90 percent in five years.
With a device called ProCap, Bert Straus says he invented headgear that could reduce concussions in National Football League games. He never got the chance.
Premier Foods Plc , the maker of Hovis breads, said it’s in advanced negotiations to sell its meat- substitute unit, which it may divest to reduce debt.
Premier Foods Plc , which makes Hovis bread, agreed to sell its canned-food business to Mitsubishi Corp.’s Princes unit for 182 million pounds ($294 million). The cash will be used to cut debt.
About 3,700 U.K. customers who bought financial products guaranteed by Lehman Brothers Holdings Inc. will have to seek compensation after two firms that sold the investments sought bankruptcy protection.