LONDON, Feb 2 (Reuters) – Consumer goods group
Unilever said 2012 would likely be a difficult
year as emerging market growth slows and Europe and North
America stay flat, after matching 2011 sales forecasts helped by
its own sharp price rises.
The Anglo-Dutch group, which pushed up the prices of brands
such as Dove, Hellmann’s, and Knorr to offset higher commodity
costs, said on Thursday growth in emerging markets had now
slowed due to those price rises and weak consumer confidence.
LONDON, Feb 1 (Reuters) – British group Imperial
Tobacco, the world’s fourth-biggest cigarette maker,
said sales dipped 1 percent in the last quarter of 2011, hit by
a tough Spanish market, Syrian sanctions and destocking in
Ukraine and the United States.
Imperial, whose cigarette brands include Davidoff,
Gauloises, JPS and West, said on Wednesday that after stripping
out the impact of those four markets underlying sales rose 3
percent in the October-December period, its first quarter.
LONDON (Reuters) – Europe’s top food groups, Unilever, Danone, and Nestle, will report that growth slowed at the end of 2011 and are expected to warn of an even tougher year ahead as steadier commodity costs give them less room to raise prices and offset weaker economies.
The prolonged euro zone crisis and worries over a slowdown in key emerging markets will give all groups reason to be cautious over the outlook for 2012.
LONDON (Reuters) – Global brewer SABMiller (SAB.L: Quote, Profile, Research, Stock Buzz) (SABJ.J: Quote, Profile, Research, Stock Buzz) reported a 3 percent rise in beer volumes in the last three months of 2011, as growth in African and Latin American markets helped offset falls in North America and Europe.
The world’s second-largest brewer and maker of Miller Lite, Peroni and Grolsch also said on Thursday that beer price rises helped the group to push up its underlying revenue in its October-December third quarter by 7 percent.
LONDON, Jan 17 (Reuters) – Britain’s biggest food
group Premier Foods plans to slash 600 jobs in the UK in
the face of weak consumer demand and expects 2011 profits at the
lower end of the market forecasts that were already reduced back
The group, which owns a host of top food brands such as
Hovis, Mr Kipling and Batchelors, added on Tuesday that trading
over its key Christmas period was in line with its expectations.
LONDON, Jan 9 (Reuters) – Global brewer SABMiller
said it would be interested in acquiring the African
brewing operations of French group Castel as the two announced
on Monday they were strengthening their links in Africa.
SABMiller and privately owned Castel reached a strategic
alliance in 2001 whereby SABMiller took a 20 percent stake in
the Paris-based group’s beer and soft drinks operations in
Africa, and Castel acquired a 38 percent stake in SABMiller’s
LONDON, Jan 9 (Reuters) – Britain’s Premier Foods Plc
is looking to sell its Hartley’s jams and Haywards
pickles businesses for more than 200 million pounds ($308
million) to help meet its borrowing rules and secure its
survival, sources with knowledge of the situation said on
The UK’s biggest foods group, whose top brands also include
Batchelor’s, Hovis and Mr. Kipling, is struggling with hefty
debts after an acquisition spree and is looking to offload
non-core businesses as it battles with weak consumer demand.
LONDON (Reuters) – If Diageo — the world’s biggest spirits company — wants to be a leading player in American whiskey, the experience of another major company attempting a U.S. merger won’t give it much cause for cheer.
Telecoms group AT&T (AT.N: Quote, Profile, Research, Stock Buzz) is struggling to seal approval for its $39 billion takeover of T-Mobile USA and analysts see in AT&T’s difficulties evidence of a tougher anti-trust stance from an administration increasingly sensitive about market share dominance and job cuts in a stagnant economy.
LONDON, Dec 15 (Reuters) – If Diageo — the world’s
biggest spirits company — wants to be a leading player in
American whiskey, the experience of another major company
attempting a U.S. merger won’t give it much cause for cheer.
Telecoms group AT&T (AT.N: Quote, Profile, Research) is struggling to seal approval
for its $39 billion takeover of T-Mobile USA and analysts see in
AT&T’s difficulties evidence of a tougher anti-trust stance from
an administration increasingly sensitive about market share
dominance and job cuts in a stagnant economy.
LONDON (Reuters) – Consumer goods maker Unilever Plc/NV is preparing for its first strike in Britain on Friday by workers who are fighting the axing of their final salary scheme in a rare walkout over pensions at a blue-chip company.
The one-day stoppage was called by three of Britain’s biggest trade unions which urged the maker of top brands such as Persil, PG Tips and Flora to resume negotiations in their eight-month dispute.