Martinne's Feed
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.

Nov 5, 2013

Imperial Tobacco to launch e-cigarettes to counter falling sales

LONDON (Reuters) – Imperial Tobacco Group (IMT.L: Quote, Profile, Research, Stock Buzz) said cost cuts and the launch of electronic cigarettes would help deliver “modest” growth for the new year as it posted slightly better than expected earnings.

Imperial, and its rivals such as Philip Morris International (PM.N: Quote, Profile, Research, Stock Buzz) and British American Tobacco (BATS.L: Quote, Profile, Research, Stock Buzz) are grappling with declining sales in a number of markets due to increasing government regulation and more health-aware consumers, as well as smuggling and an economic downturn.

Oct 28, 2013

Bets on for mega brewer merger as virgin ground shrinks

BRUSSELS/LONDON, Oct 28 (Reuters) – With half the world’s
beer produced by four big firms and few markets left for them to
tap, the time may be right for a $100 billion merger between the
two largest, Anheuser-Busch InBev and SABMiller

This mega-deal is tipped by analysts as the most likely
tie-up because of the other two, Heineken is family
controlled and Carlsberg is protected by a trust.

Oct 24, 2013

Unilever hit by sliding emerging market currencies

LONDON, Oct 24 (Reuters) – Unilever Plc
reported slower sales growth after demand for its consumer goods
was hit by the devaluation of a handful of emerging market
currencies and other factors such as rising onion prices in

“This is a soft quarter without a shadow of a doubt,” Chief
Financial Officer Jean Marc Huet told Reuters in an interview On

Oct 22, 2013

Reckitt Benckiser reviews pharma unit, could sell it

LONDON (Reuters) – Consumer goods group Reckitt Benckiser (RB.L: Quote, Profile, Research, Stock Buzz) is reviewing options for its pharmaceuticals unit, it said on Tuesday, effectively putting up for sale its prescription medicine for heroin addiction, which faces cheap, copycat competition.

Shares in the British company rose over 4.5 percent in early trading. Bank of America Merrill Lynch has valued the pharmaceuticals unit at about 2 billion pounds ($3.2 billion).

Oct 21, 2013

SABMiller’s Europe boss looks beyond men to boost beer demand

WOKING (Reuters) – When Sue Clark named the near-black Fawcett’s Folly imperial stout the winner of SABMiller’s (SAB.L: Quote, Profile, Research, Stock Buzz) 2013 employee brew-off contest last week, it was not just because she likes dark beer.

The head of the brewer’s European business praised its “360-degree marketing,” which appealed to both men and women and is the type of advertising she is betting on to help stem declines in beer demand.

Oct 17, 2013

Chinese abstinence hits drinks firms Diageo, Remy

LONDON (Reuters) – China’s crackdown on corruption, and with it luxury gift-giving, has again hit quarterly sales of spirits, European drinks groups Diageo Plc (DGE.L: Quote, Profile, Research, Stock Buzz) and Remy Cointreau SA (RCOP.PA: Quote, Profile, Research, Stock Buzz) said on Thursday.

In contrast, brewer SABMiller Plc (SAB.L: Quote, Profile, Research, Stock Buzz) said sales of lager in the last three months jumped 10 percent by volume in China, one of the markets that helped the maker of Peroni and Grolsch beers post a 6 percent rise in net sales by value, up from a 2 percent rise the previous quarter.

Oct 17, 2013

Americas help Europe’s drinks makers offset Europe and Asia

LONDON, Oct 17 (Reuters) – Strong sales of alcohol in the
Americas have helped European drinks firms to offset sluggish or
non-existent growth in Europe and Asia.

Diageo Plc, the world’s biggest spirits company,
reported a 3.1 percent rise in sales for its first quarter,
ended on Sept. 30.