Customer demand for Kraft's processed food products counties to drop.
The American food giant's stock dropped 27 per cent after reporting flat sales in 2018.
Kraft also confirmed that its accounting practices were being investigated.
Heinz's share price plummets to a record low
More from Business News
-
Saudi PIF launches new company to deliver Expo 2030
Saudi Arabia's sovereign wealth fund PIF has launched a new unit that will be responsible to build and operate the facilities of Expo 2030 Riyadh – Saudi Arabia’s first World Expo.
-
Ride-hailer Careem to suspend decade-old Pakistan service
Careem, Uber's ride-hailing arm in the Middle East, will suspend its Pakistan service on July 18, citing economic challenges, rising competition and capital constraints, ending its core business in a country where it helped pioneer app-based transport nearly a decade ago.
-
Meraas awards AED 450 million construction contract for Central Park Plaza
Meraas, part of Dubai Holding Real Estate, has awarded a construction contract worth over AED 450 million to Naresco Contracting for Central Park Plaza, a high-end residential development at City Walk.
-
Dubai International Chamber opens representative office in Toronto
Dubai International Chamber has launched a new representative office in Canada's Toronto, as it aims to bolster economic ties and explore avenues of increased investment between Dubai and Canada.
Blogs
-
-
In conversation with Harnidh KaurLatest With Hit
Meet Harnidh Kaur, one of the most youngest followed on social media
-
