Martinne's Feed
Nov 25, 2013

Diageo offers to sell Whyte & Mackay whisky assets

LONDON (Reuters) – Britain’s Diageo (DGE.L: Quote, Profile, Research, Stock Buzz) has offered to sell most of Whyte & Mackay’s whisky assets to address competition concerns arising from its July acquisition of a controlling interest in India’s United Spirits (UNSP.NS: Quote, Profile, Research, Stock Buzz).

Diageo, the world’s biggest spirits maker, said on Monday that it would assist Britain’s Office of Fair Trading with its evaluation of the United Spirits deal and that a further announcement would be made in due course.

Nov 22, 2013

Reckitt hires Morgan Stanley for pharma review-sources

LONDON, Nov 22 (Reuters) – Reckitt Benckiser Group
has hired Morgan Stanley to advise on its options for its
shrinking pharmaceuticals unit, according to two sources
familiar with the matter.

The British consumer goods company said last month it was
examining options for the business, which sells a heroin
addiction medicine and could fetch over 2 billion pounds ($3.24
billion) in a sale, according to analysts.

Nov 21, 2013

SABMiller says emerging market beer drinkers driving growth

LONDON (Reuters) – SABMiller (SAB.L: Quote, Profile, Research, Stock Buzz), the world’s second-largest brewer, said emerging markets would continue to drive sales and earnings while European and North American consumers drink less beer.

Other companies including Unilever (ULVR.L: Quote, Profile, Research, Stock Buzz) and Diageo (DGE.L: Quote, Profile, Research, Stock Buzz) have reported a slowdown in emerging markets such as China and Brazil but SABMiller said it was upbeat on the outlook for Latin America, Africa and Asia.

Nov 21, 2013

SABMiller posts three percent rise in half-year earnings

LONDON (Reuters) – SABMiller (SAB.L: Quote, Profile, Research), the world’s second-largest brewer, reported a rise in profits for the first half of its financial year, as strength in Africa helped offset declining beer sales in Europe and North America.

Earnings before interest, taxes, depreciation and amortization rose 7 percent to $3.27 billion in the six months ended 30 September. That was ahead of analysts’ average estimate of $3.22 billion, according to a company-supplied consensus.

Nov 21, 2013

SABMiller posts 3 pct rise in half-year earnings

LONDON, Nov 21 (Reuters) – SABMiller, the world’s
second-largest brewer, reported a rise in profits for the first
half of its financial year, as strength in Africa helped offset
declining beer sales in Europe and North America.

Earnings before interest, taxes, depreciation and
amortization rose 7 percent to $3.27 billion in the six months
ended 30 September. That was ahead of analysts’ average estimate
of $3.22 billion, according to a company-supplied consensus.

Nov 19, 2013

Diageo to launch new bourbons, doesn’t need Beam Inc

LONDON, Nov 19 (Reuters) – Alcoholic drinks maker Diageo PLC
does not need to buy rival Beam Inc, its chief
executive officer said on Tuesday, since it is expanding its
existing whiskeys and launching new ones.

Diageo has long been seen as a potential buyer of newly
independent Beam, since Beam’s array of bourbon whiskies would
complement Diageo’s two dozen Scotch brands, which include
Johnnie Walker, J&B and Talisker.

Nov 14, 2013

Insight: Profit bonanza eludes companies chasing obesity business

KALUNDBORG, Denmark (Reuters) – Steam rises from pipes at a giant industrial complex on the edge of the Baltic Sea whose success is a testament to the world’s diabetes and obesity epidemic.

Novo Nordisk’s Kalundborg factory, 100 km west of Copenhagen, makes half the planet’s insulin for diabetics, putting it on a list of global sites the United States sees as vital to its interests, according to a WikiLeaks cable in 2010.

Nov 14, 2013

Profit bonanza eludes companies chasing obesity business

KALUNDBORG, Denmark, Nov 14 (Reuters) – Steam rises from
pipes at a giant industrial complex on the edge of the Baltic
Sea whose success is a testament to the world’s diabetes and
obesity epidemic.

Novo Nordisk’s Kalundborg factory, 100 km west of
Copenhagen, makes half the planet’s insulin for diabetics,
putting it on a list of global sites the United States sees as
vital to its interests, according to a WikiLeaks cable in 2010.

Nov 7, 2013

Tate & Lyle optimistic on speciality sweetener outlook

LONDON, Nov 7 (Reuters) – Tate & Lyle is betting on
its higher-margin speciality sweetener business to help to
support profitable growth for the full year after reporting a
fall in first-half profits.

The company, which sells sweeteners including corn syrup to
food and soft drink makers, had warned last month that a cold
spring in the United States had hurt sales.

Nov 7, 2013

Nestle sheds bulk of Jenny Craig in effort to slim down

ZURICH/LONDON (Reuters) – Nestle (NESN.VX: Quote, Profile, Research, Stock Buzz) is selling the bulk of its Jenny Craig weight loss business to a U.S. private equity firm as the world’s largest food group works to trim its portfolio.

Nestle said on Thursday it was selling the Jenny Craig business in North America and Oceania to North Castle Partners for an undisclosed sum. The smaller business in France is not part of the deal, it said.