Martinne's Feed
Sep 18, 2014

Filipino firm Mighty says in early distribution talks with BAT

MANILA/LONDON, Sept 18 (Reuters) – Filipino-owned tobacco
company Mighty Corp is in very preliminary talks with British
American Tobacco (BAT) about a possible distribution
partnership, a Mighty executive said on Thursday, as BAT seeks
to expand in Asia.

Mighty is the second-largest tobacco company in the
Philippines behind PMFTC Inc, a joint venture between a local
unit of Philip Morris International and local firm
Fortune Tobacco Corp.

Sep 17, 2014

Slovenian poultry firm Perutnina Ptuj weighing possible sale-sources

LONDON, Sept 17 (Reuters) – Slovenian poultry producer
Perutnina Ptuj is exploring options including a sale that might
value the company at as much as 140 million euros ($181.44
million), sources familiar with the matter said.

The company, which has operations in Slovenia, Croatia,
Serbia, Macedonia and Bosnia and Herzegovina, sells poultry meat
and products such as chicken sausages. It had 2012 revenue of
261.8 million euros, according to its website.

Sep 17, 2014

Variety is key in Mondelez coffee growth strategy

LONDON (Reuters) – Offering an array of hot and cold single-serve drinks is central to the growth strategy of Mondelez International Inc’s (MDLZ.O: Quote, Profile, Research, Stock Buzz) European coffee business, which will soon merge with D.E Master Blenders 1753.

With regulatory approval expected in coming months, the merged business, to be called Jacobs Douwe Egberts, will continue to invest heavily in a single-serve coffee business able to compete better with Nestle’s (NESN.VX: Quote, Profile, Research, Stock Buzz) market-leading brands Nespresso and Dolce Gusto, said Roland Weening, president of coffee for Mondelez Europe.

Sep 15, 2014

Heineken’s snub to SAB revives beer deal speculation

LONDON/BRUSSELS (Reuters) – SABMiller’s (SAB.L: Quote, Profile, Research, Stock Buzz) rejected bid for smaller brewer Heineken (HEIN.AS: Quote, Profile, Research, Stock Buzz) has revived talk about deals that could reshape the global beer industry in coming months.

Dutch company Heineken said at the weekend that it had been approached by SABMiller about a takeover, but that it had rebuffed the approach because its controlling shareholder intended to keep it independent.

Sep 15, 2014

SABMiller soars on ignited hopes of takeover by AB InBev

NEW YORK/LONDON (Reuters) – SABMiller (SAB.L: Quote, Profile, Research, Stock Buzz) shares surged to an all-time high on Monday on hopes a long-rumored takeover bid by the world’s largest brewer Anheuser-Busch InBev (ABI.BR: Quote, Profile, Research, Stock Buzz) may be getting closer.

SABMiller shares first rose 5 percent on news its bid for Heineken (HEIN.AS: Quote, Profile, Research, Stock Buzz), seen by some as a tactic to fend off AB InBev, had been rebuffed. SABMiller then leapt after a report that AB InBev was talking to bankers about funding a takeover.

Sep 12, 2014

Insight – As Big Tobacco takes up e-cigarettes, investors look ahead

LONDON/NEW YORK (Reuters) – As electronic cigarettes flew off shelves on both sides of the Atlantic in recent years, investors flocked to a business some hope will be the future for tobacco.

Now sales growth is slowing from a 2011 peak and private funds are more cautious about the smokeless devices, making it harder for independent e-cigarette firms to raise capital and hitting their share prices.

Sep 12, 2014

As Big Tobacco takes up e-cigarettes, investors look ahead

LONDON/NEW YORK, Sept 12 (Reuters) – As electronic
cigarettes flew off shelves on both sides of the Atlantic in
recent years, investors flocked to a business some hope will be
the future for tobacco.

Now sales growth is slowing from a 2011 peak and private
funds are more cautious about the smokeless devices, making it
harder for independent e-cigarette firms to raise capital and
hitting their share prices.

Sep 3, 2014

Spirits companies encounter more competition in U.S. vodka market

By Anjali Athavaley and Martinne Geller

(Reuters) – The leading vodka brands in the United States are losing their buzz as craft distillers and other alcoholic drinks infringe on their turf.

Both Diageo Plc (DGE.L: Quote, Profile, Research, Stock Buzz), which markets Smirnoff, and Pernod Ricard SA (PERP.PA: Quote, Profile, Research, Stock Buzz), known for its Absolut brand, say newcomers to the vodka market are cutting into their sales. The companies have been losing share over the last five years to smaller brands such as Fifth Generation Inc’s Tito’s Handmade Vodka.

Aug 19, 2014

As Russian food import ban bites, trucks lose, shipping wins

LONDON/HELSINKI/COPENHAGEN (Reuters) – Team Niinivirta, a Finnish family-run transportation firm, turned 60 this year, but its third-generation managers now don’t know if the business will see Christmas, because of Russia’s new ban on European food imports.

The firm based in Kotka, on the Gulf of Finland opposite Saint Petersburg, was using its 12 refrigerated trucks to ship 80 loads a month of Finnish milk products to Russia.

Aug 17, 2014

Belarussian oysters anyone? EU food trade looks to sidestep Russian ban

LONDON/MOSCOW, Aug 17 (Reuters) – People from Britain who go
to Cyprus in August are usually after sun, sea and sand but one
Lincolnshire man, a trader in fruit and vegetables, is heading
there this week for the potatoes.

Since Russia barred imports of food from most of the rest of
Europe, businesses are jostling for new buyers and sellers.