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For global firms, India IPOs are a honey trap

RPT-BREAKINGVIEWS-For global firms, India IPOs are a honey trap The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Una Galani MUMBAI, Sept 17 (Reuters Breakingviews) - It rarely makes sense for a company to maintain more than one stock market listing. Tell that to the growing list of multinational firms rushing to float their local subsidiaries on Mumbai bourses.
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For global firms, India IPOs are a honey trap

BREAKINGVIEWS-For global firms, India IPOs are a honey trap The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Una Galani MUMBAI, Sept 17 (Reuters Breakingviews) - It rarely makes sense for a company to maintain more than one stock market listing. Tell that to the growing list of multinational firms rushing to float their local subsidiaries on Mumbai bourses.
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European shares end marginally lower on tech drag; Fed in focus

UPDATE 2-European shares end marginally lower on tech drag; Fed in focus For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window France's Rexel jumps after rejecting $9.4 bln QXO bid UK insurer Phoenix falls on halting sale of unit SunLife STOXX 600 down 0.2% Updated at 1600 GMT By Shubham Batra and Shashwat Chauhan Sept 16 (Reuters) - Europe's STOXX 600 closed slightly lower on Monday as losses in heavyweight technology shares weighed on the in
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Morgan Stanley downgrades Nestle to 'underweight' on margin headwinds

BUZZ-Morgan Stanley downgrades Nestle to 'underweight' on margin headwinds ** Morgan Stanley cuts Nestle NESN.S to "Underweight" from "Equal-weight," seeing the potential for high-single-digit/low-double-digit cuts to EPS consensus in 2025 and 2026, as the Swiss food group reinvests in marketing and R&D ** The brokerage says that a step-up in adver
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MTU Aero Engines, Nestle, Vusiongroup

EUROPE RESEARCH ROUNDUP- MTU Aero Engines, Nestle, Vusiongroup Sept 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including MTU Aero Engines, Nestle and Vusiongroup, on Monday. HIGHLIGHTS * Advanced Medical Solutions Group Plc AMSU.L : Peel Hunt raises target to 246p from 220p * MTU Aero Engines AG MTXGn.DE : Citigroup cuts to sell from neutral * Nestle SA NESN.S : Morgan Stanley cuts to underweight from equal-weight * Sodexo EXHO.PA : B
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Swiss stocks - Factors to watch on September 11

Swiss stocks - Factors to watch on September 11 ZURICH/GDANSK, Sept 11(Reuters) - Here are some of the main factors that may affect Swiss stocks on Wednesday: HOLCIM HOLN.S Mexican cement maker Cemex said on Tuesday that it had sold its operations in Guatemala to Holcim Group for around $200 million. NESTLE NESN.S According to media reports by Bloomberg News, Nestle is set to pay a 2 million euros fine to end its French mineral water case.
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Retail, consumer CEOs see shorter tenures as boards act more quickly

FOCUS-Retail, consumer CEOs see shorter tenures as boards act more quickly By Svea Herbst-Bayliss and Richa Naidu NEW YORK/LONDON, Sept 10 (Reuters) - When two of the most powerful brands in retail and packaged foods last month ousted their CEOs, it signaled corporate boards are more ready to toss top executives before activist investors tell them to act.
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Top of the Street: European luxury, beverages; Nestle, Kion, Subsea 7

BUZZ-Top of the Street: European luxury, beverages; Nestle, Kion, Subsea 7 A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Barclays downgrades Burberry BRBY.L and Gucci owner Kering PRTP.PA to "underweight" from "equal weight" as it expects the weakness in the China market to affect the luxury groups in a long term ** Barclays cuts Nestle NESN.S to "equal weight" from "overweight" saying a near-term recovery is unlikely for the Swiss chocolate maker ** C
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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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Nestlé L’Oréal sale would add sugar to sour fix

BREAKINGVIEWS-Nestlé L’Oréal sale would add sugar to sour fix The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan LONDON, Sept 5 (Reuters Breakingviews) - The new boss of Nestlé NESN.S may have to embark on a painful turnaround. Last month , the $279 billion food giant replaced its CEO with insider Laurent Freixe, who will probably have to sacrifice profitability to win back market share.
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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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Carnival, Kingfisher, Unite Group

EUROPE RESEARCH ROUNDUP-Carnival, Kingfisher, Unite Group Sept 2 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Carnival, Kingfisher and Unite Group on Monday. HIGHLIGHTS * Believe SA BLV.PA : Citigroup resumes coverage with neutral rating; PT EUR 15 * Carnival CCL.L : HSBC raises target price to 960p from 895p * Derwent London DLN.L : Morgan Stanley raises target price to 3000p from 2750p * Kingfisher Plc KGF.L : Barclays cuts to
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Pet food business bodes well for India's Nestle and Godrej Consumer, says Ambit

BUZZ-Pet food business bodes well for India's Nestle and Godrej Consumer, says Ambit ** Nestle India's NEST.NS and Godrej Consumer Products' GOCP.NS urban-centric distribution to come in handy for pet care business, analysts at Ambit Capital say ** Indian pet care market and pet food market is nascent at around 65 bln rupees ($774 mln), says Ambit
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Accelleron, BHP, Kingfisher

EUROPE RESEARCH ROUNDUP-Accelleron, BHP, Kingfisher Aug 28 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Accelleron, BHP and Kingfisher, on Wednesday. HIGHLIGHTS * Accelleron ACLN.S : Deutsche Bank raises target price to CHF 42 from CHF 34 * BHP Group BHPB.L : JP Morgan cuts target price to 2,580p from 2,650p * Kingfisher KGF.L : Citigroup cuts to neutral from buy * Vonovia SE VNAn.DE : Citigroup raises target price to EUR 52.80 f
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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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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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Barclays cuts PT on Nestle; says CEO change a 'right choice'

BUZZ-Barclays cuts PT on Nestle; says CEO change a 'right choice' ** Barclays cuts its PT on Nestle NESN.S by 14% and estimates a modest margin reset due to higher investments, even though it says the surprise CEO change was a "right decision" ** "We think the change of CEO is an important line in the sand," the analysts say in a note, adding they
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AB Foods, Bunzl, Barratt

EUROPE RESEARCH ROUNDUP- AB Foods, Bunzl, Barratt Aug 27 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including AB Foods, Bunzl and Barratt on Tuesday. HIGHLIGHTS * AB Foods ABF.L : Deutsche Bank cuts to sell from hold * Bunzl BNZL.L : JP Morgan raises target price to 3,660p from 3,380p * Barratt BDEV.L : Morgan Stanley resumes coverage with equal-weight rating * Continental AG CONG.DE : UBS raises to buy from neutral * Schindler Holding
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Pay gap between bosses and ordinary workers widens in Switzerland

UPDATE 1-Pay gap between bosses and ordinary workers widens in Switzerland Adds UBS comment, paragraphs 3-4 ZURICH, Aug 26 (Reuters) - The gap between the highest- and lowest-paid workers in Switzerland widened in 2023, with top managers earning on average 143 times more than their lowest-paid employees, according to a study published by trade union Unia on Monday.
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Pay gap between bosses and ordinary workers widens in Switzerland

Pay gap between bosses and ordinary workers widens in Switzerland ZURICH, Aug 26 (Reuters) - The gap between the best and worst paid workers in Switzerland widened in 2023, with top managers earning on average 143 times more than their lowest paid employees, according to a study published by trade union Unia on Monday. The pay gap was up from 139 times in 2022, the study said, with the country's biggest bank UBS UBSG.S having the largest differential.
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