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
-
Shutdown could cost US economy $15 billion a week, Treasury says
The two-week-old federal government shutdown may cost the US economy as much as $15 billion a week in lost output, a Treasury official said late on Wednesday.
-
Dubai summit to tackle urban challenges, future-ready cities
Global leaders at the forefront of shaping cities are set to gather in Dubai this month for a major summit focused on the future of urban living.
-
GITEX expands to Latin America
GITEX is going global once again — this time heading to Latin America — with GITEX LATAM set to debut in São Paulo, Brazil in March 2027.
-
EU fines Gucci, Chloe and Loewe for fixing resale prices
Gucci, Chloe and Loewe have been fined a total of 157 million euros ($182 million) by the European Union's antitrust watchdog for fixing the resale prices of their retail partners.
Blogs
-
Radioactive in conversation with Akhil KavalayoorLatest With Hit
Akhil Kavalayoor live on Radio Active
-
Grooving to the new weekend anthem!!Latest With Hit
Watch Dona & Jean as they grove to SakkathaGavle !
-
AI Training with Raul John AjuLatest With Hit
Ted X speaker, AI trainer Raul John Aju giving us AI lessons.
