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Volume vs price mix key for European food producers in Q3, Barclays says

BUZZ-Volume vs price mix key for European food producers in Q3, Barclays says ** Barclays says volume and price mix will be the main factors affecting European food producers' results in Q3, expecting prices to be muted ** It sees Europe as still strong vs U.S., with consumers looking for either value for money or compelling innovation, while there are some signs "the low end U.S.
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Russia proposes squeezing more budget funds from state asset seizures

Russia proposes squeezing more budget funds from state asset seizures Oct 4 (Reuters) - Russia's government has proposed ordering state companies that acquire assets and property through court decisions to pay 50% of the assets' market value to the federal budget, a note published by the lower house of parliament showed. More than 1 trillion roubles' ($10.54 billion) worth of strategic enterprises and assets, seen as critical for developing Russia's economy and defence capabilities, were transfe
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Lactalis: to reduce milk surplus collection volumes in France.

BRIEF-Lactalis: to reduce milk surplus collection volumes in France. Sept 26 (Reuters) - LACTALIS: LACTALIS FRANCE: TO REDUCE MILK VOLUMES IN FRANCE Lactalis confirms reduction in milk surplus collection volumes in France. Reporting by Sudip Kar-Gupta
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Kefir maker Lifeway Foods jumps on Danone's buyout offer for remaining share

BUZZ-Kefir maker Lifeway Foods jumps on Danone's buyout offer for remaining share ** Shares of Kefir producer Lifeway Foods LWAY.O jump 21.7% to $26.16 ** Dairy giant Danone SA's DANO.PA North America unit on Monday proposed to buy the remaining shares it did not already own in LWAY for $25/shr in cash ** Danone is currently one of LWAY's top shareholders, with 23.36% stake, according to LSEG data ** Offer price represents a 16.3% premium to LWAY stock's closing price on Monday ** "Believe LWAY
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Lifeway Foods up after Danone unit proposes a deal to buy it

BUZZ-Lifeway Foods up after Danone unit proposes a deal to buy it ** Shares of Kefir-maker Lifeway Foods LWAY.O jump 17% to $25 in after-hours trading ** Danone North America PBC, a subsidiary of Danone S.A. DANO.PA , offers to buy LWAY for $25/shr in cash ** The deal would be wholly funded from existing cash reserves of Danone North America, according to a filing from LWAY ** Danone North America has a 23.4% stake in Lifeway, as of Sept.
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Danone North America Proposes to Buy All Of Lifeway Foods' Shares

CORRECTED-BRIEF-Danone North America Proposes to Buy All Of Lifeway Foods' Shares Corrects brief source to Danone North America PBC and link for Eikon source text Sept 23 (Reuters) - DANONE NORTH AMERICA PBC: DANONE NORTH AMERICA PBC - SENT A LETTER TO LIFEWAY FOODS INC DANONE NORTH AMERICA PBC - PROPOSING TO ACQUIRE ALL OF LIFEWAY FOODS' SHARES OF
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Food companies Ajinomoto and Danone launch partnership to cut dairy industry's CO2 emissions

Food companies Ajinomoto and Danone launch partnership to cut dairy industry's CO2 emissions Sept 19 (Reuters) - Food companies Ajinomoto 2802.T and Danone DANO.PA unveiled on Thursday a partnership to reduce the dairy industry's greenhouse gas emissions. WHY IT MATTERS: Livestock is a major source of methane emissions , often from manure and the routine bodily functions of animals such as cows' belching, according to the United Nations Food and Agriculture Organization.
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Ajinomoto and Danone launch partnership to cut dairy industry's greenhouse gas emissions

BRIEF-Ajinomoto and Danone launch partnership to cut dairy industry's greenhouse gas emissions Sept 19 (Reuters) - Ajinomoto Co Inc 2802.T /DANONE DANO.PA : AJINOMOTO CO., INC. AND DANONE LAUNCH GLOBAL STRATEGIC PARTNERSHIP TO REDUCE GREENHOUSE GAS FROM DAIRY INDUSTRY AJINOMOTO/DANONE: AS A PART OF DANONE'S "PARTNER FOR GROWTH" PROGRAM, BOTH COMPANIES ARE WORKING COLLABORATIVELY TO REDUCE GHG EMISSIONS FROM MILK PRODUCTION.
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Danone To Double Number Of Global Partnerships Over Next Two Years

BRIEF-Danone To Double Number Of Global Partnerships Over Next Two Years Sept 17 (Reuters) - Danone SA DANO.PA : TO DOUBLE NUMBER OF GLOBAL PARTNERSHIPS OVER NEXT TWO YEARS PARTNERSHIPS SPAN ACROSS INGREDIENTS, PACKAGING, MANUFACTURING, AGRICULTURE, AND INDIRECT SUPPLIERS Further company coverage: DANO.PA (Gdansk Newsroom)
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Alstom, Siemens, Tesco

EUROPE RESEARCH ROUNDUP-Alstom, Siemens, Tesco Sept 13 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alstom, Siemens and Tesco, on Friday. HIGHLIGHTS * Alstom ALSO.PA : HSBC raises target price to EUR 26 from EUR 24 * Hexagon AB HEXAB.ST : HSBC cuts target price to SEK 110 from SEK 120 * Siemens AG SIEGN.DE : HSBC cuts target price to EUR 140 from EUR 150 * Tesco TSCO.L : Citigroup raises target price to 425p from 350p * Travis P
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Jefferies downgrades Danone, flags challenged growth in key areas

BUZZ-Jefferies downgrades Danone, flags challenged growth in key areas ** Jefferies downgrades Danone DANO.PA to "hold" from "buy", flagging slower growth in key areas, such as U.S. coffee/creamers, China nutrition and waters ** "Margin ambitions now look contained by persistent struggles in accelerating vol/ mix in EDP & risk to slower growth in higher-margin ops," Jefferies says ** U.S.
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General Mills sells N. America yogurt operations in $2 bln deal to focus on stronger brands

UPDATE 3-General Mills sells N. America yogurt operations in $2 bln deal to focus on stronger brands Adds CEO comment in paragraph 5 and background in paragraphs 10-12 Sept 12 - General Mills GIS.N will sell its North America yogurt business to French dairy firms Groupe Lactalis and Sodiaal in a $2.1 billion deal, the Cheerios maker said on Thursday.
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General Mills in talks to sell North America yogurt operations to Lactalis, Sodiaal, Bloomberg News reports

General Mills in talks to sell North America yogurt operations to Lactalis, Sodiaal, Bloomberg News reports Sept 12 - General Mills GIS.N is in talks to sell its U.S. and Canadian yogurt operations, which houses brands such as Yoplait, to French dairy firms Groupe Lactalis and Sodiaal, respectively, Bloomberg News reported on Thursday, citing people familiar with the matter.
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Barclays sees Nestle's 2025 as transitional, cuts to 'equal weight'

BUZZ-Barclays sees Nestle's 2025 as transitional, cuts to 'equal weight' ** Barclays cuts Nestle NESN.S to "equal weight" from "overweight," seeing 2025 as a transitional year and a recovery unlikely until 2026 ** It says the company needs to get back to the basics, "which means flawless execution and much bigger and bolder innovation" ** The broke
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Moscow takes control over assets of Western companies

FACTBOX-Moscow takes control over assets of Western companies Adds Raiffeisen and Linde, updates Commerzbank Sept 6 (Reuters) - Kremlin has been seizing assets of some Western companies in Russia through decrees signed by President Vladimir Putin and court orders related to lawsuits over halted projects or blocked funds amid Western sanctions. Below is a list of the companies affected so far.
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Danone Issues EUR 700 Million Bond

BRIEF-Danone Issues EUR 700 Million Bond Sept 5 (Reuters) - Danone SA DANO.PA : HAS ISSUED TODAY A EUR 700 MILLION BOND WITH A 7-YEAR MATURITY AND A 3.20% COUPON SETTLEMENT EXPECTED TO TAKE PLACE ON SEPTEMBER 12, 2024 AND BONDS WILL BE LISTED ON EURONEXT PARIS BOND ISSUE WAS WIDELY SUBSCRIBED BY A DIVERSIFIED INVESTOR BASE Source text for Workspace
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Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Adds Unilever Sept 5 (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 Capital in May 2023. Renault RENA
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From apartheid to Gaza, consumer boycotts have hit major companies over the years

REFILE-FACTBOX-From apartheid to Gaza, consumer boycotts have hit major companies over the years Corrects to remove extraneous letter in paragraph 1, changes story identification tag LONDON, Sept 4 (Reuters) - Global companies including Anheuser-Busch InBev ABI.BR , Coca-Cola KO.N and Target TGT.N have suffered hits to sales and, in some cases, reputations, after shoppers boycotted their products or services over the years.
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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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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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