Archives for November 16, 2004

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Sedmoi Kontinent IPO reflects Russian retail ambitions

Russia's Sedmoi Kontinent has become the country's first retail group to float on the stock market - a move widely seen as a bid to raise cash for expansion before the expected influx of western chains, as Chris Jones reports.

Double the profit for Frutarom

Ambitious Israeli flavours firm Frutarom has doubled its net profit in the first nine months of the year after bolt-on acquisitions brought rapid growth to a company that has clear ambitions to become one of the top ten flavour firms.