Iceland fish firm’s profits down

HB Grandi, Iceland’s second largest fishing and fish processing company, has announced reduced revenues and operating profits for the first nine months of this year. Income for the period totalled €149.2 million (£132.7 million) compared to €158 million (£141 million) in the previous year. The EBITDA was €24.1 million (£21.4 million), which represents about 16.2…

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Fish Update Briefing, Friday, September 7

CATCH TO PLATE LOBSTER HUB PLAN A US lobster company has unveiled plans to build a processing plant, seafood restaurant and marine education centre near the harbour in Portland, Maine. The scheme was announced by John Hathaway, owner of Shucks Maine Lobster, who believes it could create at least 80 jobs. In a planning submission…

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HB Grandi’s Q1 profits dip

HB GRANDI, the big Icelandic fishing and fish processing company, which is currently the subject of a takeover bid, has reported a first quarter profit of 3.3 million euros (400 million Icelandic kroners). This is down by 400,000 euros on the same period in 2017. Its shareholders are considering a takeover offer from rival fishing…

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Fish Update Briefing, Friday, April 27

CHINESE EYE IRISH SEAFOOD SET-UP TWENTY seafood buyers from China have visited five different seafood businesses in Donegal as part of Bord Bia’s Marketplace International drive. In total, almost 550 food buyers, from 50 countries, joined the week-long trade development event, the largest of its kind ever to take place in Ireland. Bord Bia is targeting…

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Fish Update Briefing, Friday, January 19

A restaurant near Liverpool has hit back in style after a woman customer complained on Facebook about paying £8 for fish and chips. She said the meal ‘was lovely’ but asked the Oxton Bar and Kitchen to explain its prices. According to the Liverpool Echo, the restaurant was happy to oblige, pointing out that ‘our nasty…

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