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.
Search ARN News Centre
Heinz's share price plummets to a record low
More from Business
-
Salik posts robust results boosted by new toll gates, variable pricing
Dubai’s toll gate operator Salik has reported strong first-quarter results for 2025, with total revenue jumping nearly 34 per cent year-on-year to AED 751.6 million.
-
Dubai Residential REIT sets IPO price range
Dubai Holding is seeking to raise up to AED 1.79 billion ($487 million) through the Initial Public Offer (IPO) of its residential real estate investment trust (REIT).
-
Global markets rally as US and China agree to 90-Day tariff truce
Global shares rallied, while gold and safe-haven currencies slumped against a resurgent dollar on Monday as the US and China agreed to temporarily slash harsh reciprocal tariffs and cooperate.
-
Dubai enables cryptocurrency payments for government fees
Dubai's Department of Finance has signed an agreement with global cryptocurrency trading platform Crypto.com to enable the payment of government service fees using cryptocurrency.
-
Dubai rises in global rankings with smart city excellence
Dubai has climbed eight spots to rank 4th globally in the IMD Smart City Index 2025 — a major milestone in its digital transformation journey.
