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Reuters - 3 araw ang nakaraan

JPM sees volume/pricing trade-off amid weak demand in focus for European Staples in H2

BUZZ-JPM sees volume/pricing trade-off amid weak demand in focus for European Staples in H2 ** After a mixed H1 for European Staples, focus in H2 will be on the balance of volumes recovery versus easing pricing and accelerated promotion and marketing, as well as demand risks in U.S. and China, J.P. Morgan says ** It flags that the faster-than-expected normalisation in pricing is weighing on revenue growth while consumer demand also shows signs of strains in major markets, U.S.
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Reuters - 4 araw ang nakaraan

Dairy group Arla's raises 2024 revenue outlook on higher prices

UPDATE 2-Dairy group Arla's raises 2024 revenue outlook on higher prices Recasts, updates throughout with company seeing higher prices By Isabelle Yr Carlsson COPENHAGEN, Aug 28 (Reuters) - Denmark's Arla, one of the world's biggest dairy producers and the maker of Lurpak butter and Castello cheese , raised its full-year revenue outlook on Wednesday and said it expected prices to rise, despite reporting a drop in first-half revenue.
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Reuters - 4 araw ang nakaraan

Arla reports decreased sales in H1, hikes outlook

Arla reports decreased sales in H1, hikes outlook COPENHAGEN, Aug 28 (Reuters) - Denmark's Arla, one of the world's biggest dairy producers, reported on Wednesday a drop in sales for the first half of 2024 but still raised its full-year revenue outlook. Reporting by Isabelle Yr Carlsson, editing by Terje Solsvik
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Reuters - 1 linggo ang nakaraan

Nestle CEO Schneider was ousted due to company's underperformance - three sources

Nestle CEO Schneider was ousted due to company's underperformance - three sources LONDON, Aug 23 (Reuters) - Nestle NESN.S CEO Mark Schneider was ousted in a sudden move by the world's biggest foodmaker as a result of the group's underperformance, three sources familiar with the matter told Reuters on Friday. Reporting by John Revill and Richa Naid
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Reuters - 1 linggo ang nakaraan

Nestlé’s CEO switch serves up unappetising menu

BREAKINGVIEWS-Nestlé’s CEO switch serves up unappetising menu The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Aug 23 (Reuters Breakingviews) - Swiss consumer-goods giant Nestlé NESN.S has had a rough few years. The board’s decision to replace CEO Mark Schneider with insider Laurent Freixe, announced on Thursday evening, was abrupt but justifiable.
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Reuters - 1 linggo ang nakaraan

Nestle CEO Schneider was ousted after underperformance, sources say

UPDATE 3-Nestle CEO Schneider was ousted after underperformance, sources say Board increasingly concerned about sales slowdown Shares fall after CEO change, concerns about future guidance New CEO Freixe pledges to focus on organic growth Adds graphic, comment from source on decision to change CEO in paragraphs 8-10 By John Revill and Richa Naidu ZURICH/LONDON, Aug 23 (Reuters) - Nestle NESN.S CEO Mark Schneider was ousted in a sudden decision by the world's biggest foodmaker as a result of the g
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Reuters - 1 linggo ang nakaraan

Nestle shares face pressure following abrupt departure of CEO

Nestle shares face pressure following abrupt departure of CEO By John Revill ZURICH, Aug 23 (Reuters) - Nestle NESN.S shares were expected to fall early on Friday following the abrupt departure of CEO Mark Schneider from the world's biggest foodmaker and his replacement by company veteran Laurent Freixe. Schneider's surprise exit was announced late on Thursday following a board meeting that put an end to the near eight-year tenure at the helm by the 58-year-old German, the first company outsider
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Reuters - 1 linggo ang nakaraan

Nestle replaces CEO Schneider with company veteran Freixe

UPDATE 6-Nestle replaces CEO Schneider with company veteran Freixe Adds Freixe's age and background in paragraph 15, and further comment, no other changes By John Revill and Richa Naidu ZURICH/LONDON, Aug 22 (Reuters) - Nestle NESN.S is replacing CEO Mark Schneider with company veteran Laurent Freixe, the Swiss food group said on Thursday, marking a change of leadership as it faces a challenge to grow sales.
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Reuters - 2 linggo ang nakaraan

UK regulator decides against in-depth probe of baby formula market

UPDATE 1-UK regulator decides against in-depth probe of baby formula market Adds detail paragraphs 2 to 9 Aug 16 (Reuters) - Britain's competition regulator has decided against launching a more extensive market investigation into the supply of infant formula after an initial study, it said on Friday. The Competition and Markets Authority (CMA) said its study launched in February had identified significant concerns about the infant formula market and that it will recommend change, but it stepped
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Reuters - 2 linggo ang nakaraan

UK's CMA decides against in-depth study of baby formula market

UK's CMA decides against in-depth study of baby formula market Aug 16 (Reuters) - Britain's antitrust regulator said on Monday it would not launch an in-depth study into the supply of infant formula in the country at this stage. The Competition and Markets Authority started its investigation into the infant formula market in February amid the rising cost of baby milk formula during Britain's inflation-driven cost-of-living crisis.
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Reuters - 2 linggo ang nakaraan

Big-ticket mergers in the packaged food space over the years

FACTBOX-Big-ticket mergers in the packaged food space over the years Aug 14 (Reuters) - Snickers-maker Mars inked one of the biggest deals in the packaged food industry when it said it would buy Cheez-It owner Kellanova K.N in a $35.9 billion deal on Wednesday. Dealmaking in the packaged food sector has been robust as companies seek scale to weather the impact of price inflation and weight-loss drugs weighing on demand.
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Reuters - 4 linggo ang nakaraan

Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Adds HSBC, Danone, Hugo Boss, updates Yandex Aug 6 (Reuters) - Some Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreign-owned assets. Below are some companies that have sold their businesses in Russia, divided by sector: AUTOS Continental CONG.DE sold its Russian tyre plant to holding company S8 Cap
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Reuters - 4 linggo ang nakaraan

Cicor Technologies, Roche Holding, YouGov Plc

EUROPE RESEARCH ROUNDUP-Cicor Technologies, Roche Holding, YouGov Plc Aug 6 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Cicor Technologies, Roche Holding and YouGov Plc, on Tuesday. HIGHLIGHTS * Allied Irish Banks AIBG.I : UBS raises target price to EUR 6.25 from EUR 5.7 * Cicor Technologies Ltd CICN.S : Baader Helvea raises to buy from add * Ferrexpo FXPO.L : Panmure Liberum cuts target price to 120p from 175p * Roche Holding
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Reuters - 4 linggo ang nakaraan

Bakkavor, Drax Group, Greggs

EUROPE RESEARCH ROUNDUP- Bakkavor, Drax Group, Greggs Aug 5 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bakkavor, Drax Group and Greggs on Monday. HIGHLIGHTS * Bakkavor BAKK.L : HSBC raises target price to 170p from 150p * Drax Group Plc DRX.L : HSBC raises target price to 600p from 500p * Greggs GRG.L : HSBC cuts to hold from buy * Pennon Group PNN.L : Barclays cuts to equal-weight from overweight * United Utilities UU.L : Bar
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Reuters - 1 buwan ang nakaraan

Danone rises after 'encouraging' sales growth

BUZZ-Danone rises after 'encouraging' sales growth ** Shares in Danone DANO.PA rise around 4% after its Q2 organic sales growth beat expectations ** Danone Q2 organic sales rise 4.0%, a beat on the Visible Alpha consensus of 3.8% ** "Beat on 2Q org sales growth is encouraging, in light of misses for peers this results season," Jefferies says ** How
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Reuters - 1 buwan ang nakaraan

BOJ hikes, Fed next

LIVE MARKETS-BOJ hikes, Fed next Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com BOJ HIKES, FED NEXT A look at the day ahead in European and global markets from Ankur Banerjee Investors in Europe will wake up to a volatile yen after the BOJ raised interest rates in a long-awaited move and a growing divide in the AI world following contrasting earnings from tech bellwether Microso
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Reuters - 1 buwan ang nakaraan

Danone beats sales forecasts as price hikes decelerate

UPDATE 4-Danone beats sales forecasts as price hikes decelerate Adds share move in paragraph 1, CFO comment in paragraph 5 By Agata Rybska July 31 (Reuters) - France's Danone DANO.PA beat second-quarter sales expectations on Wednesday, boosted by higher sales volumes as price hikes slowed, sending shares in the world's largest yoghurt maker up 4% in early trade.
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Reuters - 1 buwan ang nakaraan

France's Danone beats Q2 like-for-like sales growth forecast

France's Danone beats Q2 like-for-like sales growth forecast July 31 (Reuters) - Danone DANO.PA beat second-quarter sales expectations on Wednesday, with volumes increasing as it continued to invest more into growing its high-protein, coffee creamer and medical nutrition categories. The maker of Activia yoghurt, Evian water and Aptamil infant milk said like-for-like sales rose 4.0% to 6.94 billion euros ($7.51 billion) in the quarter ended June, above expectations of a 3.7% growth in a company-c
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Reuters - 1 buwan ang nakaraan

Danone H1 Net Sales EUR 13.76 Bln Vs EUR 13.66 Bln In Company Compiled Consensus

BRIEF-Danone H1 Net Sales EUR 13.76 Bln Vs EUR 13.66 Bln In Company Compiled Consensus July 31 (Reuters) - Danone SA DANO.PA : H1 RECURRING NET INCOME EUR 1.16 BILLION VERSUS EUR 1.11 BILLION PROVIDED IN COMPANY COMPILED CONSENSUS AS OF H1 DANONE’S NET DEBT STOOD AT EUR 10 BILLION H1 NET SALES EUR 13.76 BILLION VERSUS EUR 13.66 BILLION PROVIDED I
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Reuters - 1 buwan ang nakaraan

BOJ hikes, Fed next

MORNING BID EUROPE-BOJ hikes, Fed next A look at the day ahead in European and global markets from Ankur Banerjee Investors in Europe will wake up to a volatile yen after the BOJ raised interest rates in a long-awaited move and a growing divide in the AI world following contrasting earnings from tech bellwether Microsoft and chipmaker AMD . The Bank of Japan hiked the overnight call rate target to 0.25% from 0-0.1% by a 7-2 vote and laid out a detailed quantitative tightening plan that will redu
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