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Corporate News

Unilever’s growth held back by weakness in ice cream and tea

LONDON: Unilever’s growth fell just short of estimates last quarter on disappointing sales of ice cream in Europe and black tea across the developed world.


Tesco’s sales growth slows in subdued UK market

LONDON: Tesco, Britain’s biggest retailer, said sales growth slowed in its latest quarter, blaming a subdued overall market that has been hampered by poor early summer weather, sending its shares lower yesterday.


TNB sells more electricity but net profit takes a hit

PETALING JAYA: Utility giant Tenaga Nasional Bhd (TNB) sold more electricity in the first quarter ended March 31, raking in an additional sales value of almost RM1bil.


Tenaga Q1 net profit down 26.5% to RM1.55b

KUALA LUMPUR: Tenaga Nasional Bhd posted lower net profit in the first quarter ended March 31, 2019 on higher forex translation losses and higher finance costs.

Corporate News

Heatwave pushing up Spritzer sales

PETALING JAYA: Spritzer Bhd is a beneficiary of the heatwave that is enveloping the country.