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Cash-strapped Beyond Meat to cut 40 jobs

The plant-based producer is embarking on a cost-cutting exercise

Bayer’s forecast lift overshadowed by new Monsanto provision

Future complicated despite improved standing of CEO Baumann, criticised for his US agrochemical group takeover

Mondi’s profits jump two-thirds amid record pricing

Improved volumes and price increases helped the plant-materials group grow core profit two-thirds in its 2022 year

Hulamin CEO Richard Jacob to retire in September

The company veteran has spent 12 years at the helm of the aluminium group, whose volatile shares have almost halved in 2022

Caxton finally integrates Amcor after nod from authorities

The group’s purchase of the packaging specialist’s operations in Cape Town and Gqeberha is part of a strategic shift into that sector

BMW indicates lower orders ahead as higher interest rates hit consumers

The German group becomes the first among major carmakers to turn more cautious.

Russian soft-drinks maker eyes 50% of the country’s $9bn market as sanctions bite

The world’s biggest soft-drinks producers cut ties with Russia over the Ukraine conflict, creating opportunity for Russian businesses and entrepreneurs

Toyotas being built again as Durban factory ramps up

Flood-damaged plant will be fully operational in September, but popular models like the Hilux and Corolla Cross are coming back on stream

EnX jumps after announcing R273m special payout

The group recently booked R1.34bn through the sale of two businesses, opting to pay shareholders R1.50 per share via a special dividend

Afrimat’s shares slip after R680m bookbuild

Afrimat issued shares equivalent to 8.5% of its market capitalisation, intending to use the cash for its manganese and rare-earth interests

ArcelorMittal SA willing to invest in Transnet railways

The steelmaker benefited from significantly higher prices and reduced interest costs

Mercedes raises its guidance as demand outstrips supply

Mercedes chimed with other major manufacturers on concerns about high inflation and ongoing supply-chain problems

Boeing reverses cash drain as it steps up deliveries of 737 Max jets

The plane manufacturing titan still has much work to do before its financial and operational turnaround is complete

Bangladesh’s garments exporters brace for slowdown as inflation bites

The South Asian country expects a slowdown of product orders as Western countries raise interest rates

AECI books record results, but takes hit from war in Ukraine

Group revenue rose 31% in the firm's half-year to end-June, but profit climbed only 8%, with the conflict hitting demand for agrochemicals

AECI CEO Mark Dytor has no plans to ‘sit in the sun down in Cape Town’

Dytor has been with the diversified chemicals and explosives group for almost four decades

Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.