Martinne's Feed
Dec 5, 2014

Amazon own label underscores strength of online grocery shopping

LONDON (Reuters) – Amazon.com’s launch of its own private label brand of consumer goods, starting with diapers and baby wipes, underscores the website’s maturity as a grocery retailer and the migration of grocery shopping online.

And if successful, the line’s sharp prices could pressure profit margins for other makers of consumer goods, such as Procter & Gamble and Kimberly-Clark.

Dec 4, 2014

Unilever says to form standalone spreads business unit

LONDON (Reuters) – Unilever (ULVR.L: Quote, Profile, Research, Stock Buzz) (UNc.AS: Quote, Profile, Research, Stock Buzz) plans to form a standalone business unit for its North American and European spreads as it struggles to turn around a business hit by a fall in bread and margarine consumption, its chief financial officer said on Thursday.

The unit will be called Unilever Baking, Cooking and Spreading and will give the business more focus and more freedom to take necessary decisions, CFO Jean-Marc Huet said during an investor seminar that was simultaneously webcast.

Dec 2, 2014

Europe wins in China baby formula battle after NZ safety scare

SHANGHAI/LONDON, Dec 3 (Reuters) – Chinese infant formula
giant Beingmate prints Irish clovers on its flagship
product as it seeks to assure Chinese parents of its European
sourcing after a safety scare involving the world’s biggest milk
powder exporter New Zealand.

Until last year, formula sourced from New Zealand was seen
as the gold standard for quality in a country where food
scandals are common and the death of at least six babies from
locally made milk powder in 2008 preys on parents’ minds.

Nov 26, 2014

Price wars make drinks maker Britvic wary on 2015

LONDON, Nov 26 (Reuters) – British soft drinks firm Britvic
said on Wednesday that fierce competition between
retailers at home in the coming year would likely put pressure
on prices and weigh on sales growth.

The Robinsons squash maker, whose main markets are Britain,
Ireland and France, said operating profit should rise next year
from the 158.1 million pounds ($248.4 million) earned in the 12
months to Sept. 28, but cost savings would be the main driver.

Nov 24, 2014

EXCLUSIVE: Pay per puff? Caffeine stick? E-cigarette boom sparks race for new patents

LONDON (Reuters) – Electronic cigarette makers are racing to design and buy variations of a technology that has lit a billion-dollar boom, created a new vocabulary, and prompted a backlash from health officials worried about the impact of the new smokeless devices.

Research by Thomson Reuters shows that China – with over 300 million smokers – is the front runner in the manufacture and development of so-called e-cigarette technology, while new versions being patented include a “pay as you go” computer-assisted device and others that can deliver caffeine instead.

Nov 24, 2014

Exclusive – Pay per puff? Caffeine stick? E-cigarette boom sparks race for new patents

LONDON (Reuters) – Electronic cigarette makers are racing to design and buy variations of a technology that has lit a billion-dollar boom, created a new vocabulary, and prompted a backlash from health officials worried about the impact of the new smokeless devices.

Research by Thomson Reuters shows that China – with over 300 million smokers – is the front runner in the manufacture and development of so-called e-cigarette technology, while new versions being patented include a “pay as you go” computer-assisted device and others that can deliver caffeine instead.

Nov 19, 2014

Marlboro HeatSticks on sale in Milan this week

LONDON, Nov 19 (Reuters) – Philip Morris International Inc
, the world’s largest tobacco company, plans to launch its
new iQOS smokeless device and Marlboro HeatSticks in Milan,
Italy on Thursday following a better-than-expected launch in
Nagoya, Japan earlier this month.

With a battery-operated system that heats, without burning,
small tubes of tobacco called Marlboro HeatSticks, the iQOS is a
hybrid between conventional cigarettes and next-generation
e-cigarettes.

Nov 13, 2014

Poor weather in China curbs SABMiller profit

LONDON, Nov 13 (Reuters) – Brewing giant SABMiller
reported weaker-than-expected profit and a dip in margins for
the first half of its fiscal year, citing poor weather in China
and intensified competition among retailers in Australia.

The world’s second-biggest beer maker, with brands such as
Miller Lite and Peroni, said earnings before interest, tax,
depreciation and amortisation (EBITDA) were $3.28 billion in the
six months to the end of September.

Nov 11, 2014

Changing British shopping habits help suppliers in supermarket talks

LONDON, Nov 11 (Reuters) – Changes in British shopping
habits have forced suppliers of goods such as ice cream and soap
to adapt, strengthening their hand in negotiations with
supermarkets battling for lost sales.

Consumers are turning away from the four major chains to
save money at discounters or treat themselves at upmarket shops,
reducing suppliers’ dependence on any one customer.

Nov 4, 2014

Imperial Tobacco pledges 10 percent dividend increase

LONDON, Nov 4 (Reuters) – Imperial Tobacco Group
said it would raise its dividend by at least 10 percent in the
next year, signalling confidence that cost cuts will help it to
cope with weak consumer spending and higher taxes that weighed
on its annual profit.

Like all tobacco companies, Imperial has been grappling with
declining sales in a number of markets, as more people cut back
or quit smoking. In addition, weak economies and government tax
increases are making cigarettes less affordable, leading to
lower-priced brands gaining in popularity.