Agrium profit surges but shares slip

Agrium reported a more than threefold increase in its quarterly profit on Thursday on gains in its retail business, but its shares fell 2% as sales volumes at its wholesale fertilizer business were weaker than expected. Calgary-based Agrium said...

Finally, a deal between Canpotex and India

It would appear, borrowing Potash Corp CEO Bill Doyle’s analogy, that India’s potash buyers have managed to catch their tail. Agrium CEO Mike Wilson on Wednesday said that Canpotex, the marketing cartel for Canada’s three biggest producers...

Agrium raises earnings outlook

Shares in Canadian fertiliser producer Agrium rose more than three percent on Monday, after the company increased its profit guidance for the second quarter. Agrium now expects to earn between $4.01 and $4.40 a share on continuing operations in...

Potash Corp eyes even greater growth

The world’s biggest potash producer, Potash Corp, could add a further five-million tons of production, which would take its total capacity to around 22-million tons yearly, CFO Wayne Brownlee said on Wednesday. The company had already unveiled...

New entrants could squeeze existing potash miners - Agrium CEO

Companies building new potash mines could “put some stress” on existing producers, US-based Agrium CEO Mike Wilson conceded on Wednesday, but added that the costs of new projects was likely to intimidate potential entrants. Agrium, the...

Agrium continues to grow profit

Fertiliser maker Agrium on Wednesday reported that first-quarter earnings rose to $171-million from a $1-million loss the year before, as record crop prices bolstered demand for its products. “Crop nutrient demand was strong in North America...

Agrium expects 'tuck-in' acquisitions this year

TSX- and NYSE-listed Agrium will announce “tuck-in” acquisitions for its retail in Argentina, Canada and the US this year, to add to the deals it did over the past few months in those regions, a spokesperson said on Wednesday. “I expect...

Agrium profit jumps

Calgary-based Agrium on Tuesday reported net earnings had climbed to $158-million in the last quarter of 2010, more than five times the level in the same period the previous year. The fertiliser-maker said it was benefiting from high crop prices,...

Agrium offers $1,1bn for grain marketer AWB

Canadian fertiliser products firm Agrium has offered $1,1-billion for Australia's AWB, the company said on Sunday. The bid trumps an existing offer for AWB, which markets and sells grain on behalf of Australian farmers, from another Australian...

Agrium extends CF offer, repeats commitment to deal

Calgary, Alberta-based fertiliser products firm Agrium has extended the expiration date of its offer to buy US rival CF Industries once again. The offer, of $45 in cash plus one Agrium share per CF share, was to have expired on February 22 but...

Agrium keeps up war of words in CF fight

Calgary, Alberta-based fertiliser company Agrium on Monday reiterated its intention to pursue a takeover of US rival CF Industries, which had an offer rejected again by its own buyout target. CF, which has rejected the Agrium offer as too low, is...

Agrium holds 62% of CF, extends offer again

Shareholders in fertiliser group CF Industries had tendered about 30-million shares, or 62% of the company, into a takeover offer from larger rival Agrium when the offer expired on Wednesday night. The offer has been extended again, until...