7.16 0.00 (0.00%)
After hours: 4:02PM EDT
Previous Close | 6.83 |
Open | 7.26 |
Bid | 6.90 x 100 |
Ask | 8.00 x 500 |
Day's Range | 6.88 - 7.49 |
52 Week Range | 5.95 - 15.50 |
Volume | 10,508,876 |
Avg. Volume | 3,310,535 |
Market Cap | 6.031B |
Beta | 0.74 |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | 2016-07-13 |
1y Target Est | N/A |
The European Union intends to ban imports from 12 Brazilian plants operated by food processor BRF SA, which were previously authorized to export meat to the bloc, according to a draft document of the decision seen by Reuters on Thursday. It was not immediately clear whether the draft document was amended after a committee of the European Commission discussed the matter. European Union states unanimously voted on Thursday to ban imports of the Brazilian meat products, mostly poultry, but the EC declined to reveal the names of the companies affected until the decision is formally implemented.
A Brazilian trade group said 12 plants operated by food company BRF SA have been targeted by a European Union ban on poultry imports from the South American country. Ricardo Santin, vice president of markets ...
Latin American currencies fell against the dollar on Thursday, with the Mexican peso and Brazilian real posting the strongest falls, as traders took advantage of an opportunity to make a technical correction ...
Abilio Diniz, the current chairman of Brazilian food processor BRF SA, has invited Pedro Parente to replace him, Diniz's investment firm Península Participações said in a statement late on Wednesday. Parente ...
Pedro Parente, lauded for turning around Brazil’s state-oil giant Petrobras SA, agreed to become chairman of struggling food conglomerate BRF SA, a breakthrough that may end several weeks of fighting among shareholders over who will sit on its board. The 65-year-old chief executive officer, who was previously a government minister and top manager at crop trader Bunge Ltd., has been brought in by BRF’s current chairman, billionaire Abilio Diniz, in an attempt to pull the company out of an unprecedented crisis. Pension funds Previ and Petros, which together own about 22 percent of BRF, have been trying to oust Diniz and replace the entire board amid mounting losses and curbs on BRF’s meat exports following a food-safety scandal.
For the time being at least, BRF is cleared of "food safety concerns" and able to produce more chicken.
Brazil's largest chicken processor BRF SA (BRFS3.SA) has been allowed to resume production at nine plants that export to the European Union, the Ministry of Agriculture said on Wednesday, a day before a potential EU ban related to a food safety scandal. Later in the day shares soared almost 10 percent after a news outlet reported Pedro Parente, chief executive of oil company Petroleo Brasileiro SA (PETR4.SA), could be the food processor's next board chairman. The embargo had affected 10 production units, BRF said at the time.
Brazil's largest chicken processor BRF SA has been allowed to resume production at nine plants that export to the European Union, the Ministry of Agriculture said on Wednesday, a day before a potential EU ban related to a food safety scandal. Later in the day shares soared almost 10 percent after a news outlet reported Pedro Parente, chief executive of oil company Petroleo Brasileiro SA, could be the food processor's next board chairman. The embargo had affected 10 production units, BRF said at the time.
Fading fears of a global trade war sparked demand for emerging market assets on Wednesday, lifting Latin American stocks and currencies. After weeks of a hectic back-and-forth between China and the United ...
The Brazilian agriculture ministry will allow food company BRF SA, which was involved in a food safety scandal, to resume production at certain plants that export to the European Union, according to an ...
A major shareholder in embattled food processor BRF SA said on Tuesday that a prolonged leadership struggle could damage plans for a turnaround as the company prepares to overhaul its board of directors later this month. Luiz Fernando Furlan, the 15th largest shareholder of BRF, in a conference call on Tuesday said the company needs a board that will work as a team.
BRASÍLIA (Reuters) - The European Union is planning to block exports from nine BRF SA (BRFS3.SA) poultry plants to the trade bloc and may also revoke import credentials for other Brazilian chicken plants, Brazil's agriculture minister said on Tuesday. Minister Blairo Maggi said Brazil would launch an effort to appeal the ban before the World Trade Organization. "This issue of a trade war, we have seen the United States with 'America first' but there is also 'Europe first,'" Maggi said.
BRASÍLIA, April 17 (Reuters) - The European Union is planning to block exports from nine BRF SA poultry plants to the trade bloc and may also revoke import credentials for other Brazilian chicken plants, Brazil's agriculture minister said on Tuesday. Minister Blairo Maggi said Brazil would launch an effort to appeal the ban before the World Trade Organization. "This issue of a trade war, we have seen the United States with 'America first' but there is also 'Europe first,'" Maggi said.
A major shareholder in Brazilian food processor BRF SA said on Tuesday that talks among investors to agree on candidates for the company's board have stalled, with 14 candidates proposed for 10 seats. Luiz Fernando Furlan, a company founder and fifteenth largest shareholder, told reporters on a conference call that the board would hold a meeting as planned on April 19 to discuss proposed voting rules. Key shareholders are looking to pull off a turnaround at the struggling food company.
Luiza Helena Trajano, controlling shareholder in Brazilian appliance retailer Magazine Luiza SA, is one of the candidates to join poultry exporter BRF SA´s board, according to documents related to the ...
Executives at Brazilian food processor BRF SA are likely to stay in charge after a new board is elected this month, three people close to the matter said, in a sign of confidence from key shareholders that they can pull off a turnaround at the struggling food company. In December, José Aurélio Drummond Jr took over as chief executive officer from Pedro Faria, who was arrested and later released in connection with the food probe. The problems led shareholders Previ and Petros and Aberdeen Asset Management Plc to push for a board shake-up.
The European Union is likely to expand a ban on poultry imports processed by Brazil's BRF SA (BRFS3.SA), the world's largest chicken exporter, according to a local newspaper report on Saturday. The EU currently does not allow the entrance in the bloc of chicken processed in three of BRF plants in Brazil, that were targets of an investigation by Brazilian authorities related to alleged actions by BRF management to escape food safety checks. According to the report in newspaper Folha de S.Paulo, European officials could expand that ban to all BRF plants in Brazil, following a meeting with Brazilian officials this week.
The European Union is likely to expand a ban on poultry imports processed by Brazil's BRF SA (BRFS3.SA), the world's largest chicken exporter, according to a local newspaper report on Saturday. The EU currently does not allow the entrance in the bloc of chicken processed in three of BRF plants in Brazil, that were targets of an investigation by Brazilian authorities related to alleged actions by BRF management to escape food safety checks. According to the report in newspaper Folha de S.Paulo, European officials could expand that ban to all BRF plants in Brazil, following a meeting with Brazilian officials this week.
Latin American currencies mostly rose on Friday after U.S. President Donald Trump tempered some of his remarks on Syria, rekindling appetite for risky assets. Emerging markets sold off in mid-week due to concerns of Western military action in Syria that could drive a confrontation with Russia. But Trump tempered his remarks over the subject on Thursday and even as he consulted allies such as Britain and France, who could join in any U.S.-led strikes on Syria, there were signs of efforts to prevent the crisis from spiraling out of control.
The man tapped by pension funds to preside over the board of BRF SA, Brazil's largest chicken processor, said he refused to take part in an alternative board lineup, deepening a rift between the food company's shareholders. Augusto Cruz, who was nominated to be chairman by pension funds Previ and Petros, said he was surprised to learn his name had been included in an alternative list unveiled by BRF in a securities filing on Friday. "I was not contacted about taking part in the alternative board," Cruz told Reuters in a telephone interview on Wednesday.
BRF S.A. (BRFS) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
Moody's Investors Service ("Moody's") has taken rating actions on several companies operating in Brazil. The rating actions follow the change in the outlook on the Government of Brazil's rating ...
Brazilian food processor BRF SA said it has received no communication regarding the resignation of Abilio Diniz as chairman of the company, according to a securities filing late on Thursday. In a letter sent to BRF by Diniz, the businessman told the company that he was still in talks with certain shareholders aimed at negotiating names for the election of new members to the board, the filing said. Diniz told BRF no agreement had been made with the concerned shareholders until 5:30 p.m. on Thursday, adding it is thus premature to disclose any information to the market, the filing said.
Brazilian food processor BRF SA said in a statement on Wednesday it would be place workers from its Rio Verde and Carambeí plants on paid leave from May 14 and May 21, respectively. The company did not ...
The Mexican peso weakened on Monday after China slapped tariffs on several U.S. products as retaliation against U.S. protectionism, fueling concerns of a trade war between the world's two biggest economies. ...