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May 6, 2015

Interview – New-look GSK bets on consumer health spending

LONDON (Reuters) – Consumers from New York to New Delhi are digging deeper in their pockets for over-the-counter remedies and health products, a trend GlaxoSmithKline (GSK.L: Quote, Profile, Research) is banking on to help shape the next chapter in its evolution.

Emma Walmsley, head of the British drugmaker’s enlarged consumer healthcare business, says its market-leading position in areas such as pain relief and oral health will bolster the division’s margins and make it a partner of choice for retailers.

May 6, 2015

Imperial Tobacco reports some revenue improvement

LONDON, May 6 (Reuters) – Britain’s Imperial Tobacco Group
reported a slight acceleration in revenue on Wednesday
as consumer spending picked up in some markets.

Shares of the company, whose brands include Davidoff and
Gauloises, were up 2.6 percent by 0847 GMT.

May 5, 2015

Unilever says its socially responsible brands outperform rest

LONDON, May 5 (Reuters) – Consumer goods maker Unilever
says its brands that most fully embrace its CEO’s
passion for sustainability perform the best, adding fuel to its
oft-repeated argument that social responsibility is good for
business.

Of the more than 400 brands Unilever sells, those with the
strongest sustainability credentials — such as Dove, Lifebuoy,
Ben & Jerry’s and Comfort — have seen sales grow at a high
single-digit or double-digit rate over the past three years,
Unilever said on Tuesday.

Apr 21, 2015

Analysis: Healthy eating sparks M&A on blurring frontier between food and drugs

LONDON (Reuters) – A boom in “nutraceuticals” – food and
drinks with potential health benefits – is paving the way for a
rush of deals, as food and drug companies compete to dominate a
market expected to be worth $280 billion by 2018.

Consumers have been encouraged to eat smarter by an obesity
epidemic and a burst of fitness-focused technology like gadgets
and apps to track exercise and calorie intake. Now companies
supplying goods like probiotic yoghurt, advertised as being
healthier for the gut, and omega-3 biscuits, thought to improve
brain and heart function, have seen demand rise sharply.

Apr 21, 2015

Healthy eating sparks M&A on blurring frontier between food and drugs

LONDON (Reuters) – A boom in “nutraceuticals” – food and drinks with potential health benefits – is paving the way for a rush of deals, as food and drug companies compete to dominate a market expected to be worth $280 billion by 2018.

Consumers have been encouraged to eat smarter by an obesity epidemic and a burst of fitness-focused technology like gadgets and apps to track exercise and calorie intake. Now companies supplying goods like probiotic yogurt, advertised as being healthier for the gut, and omega-3 biscuits, thought to improve brain and heart function, have seen demand rise sharply.

Apr 21, 2015

Tate & Lyle to restructure European venture, Splenda unit

LONDON, April 21 (Reuters) – British food ingredients maker
Tate & Lyle announced a major restructuring on Tuesday,
saying it would exit most of its European bulk ingredients
business and make changes to its struggling Splenda sucralose
unit.

Tate plans to exit bulk ingredients plants in Bulgaria,
Turkey and Hungary, selling its stake in a European corn
wet-milling joint venture to its partner Archer Daniels Midland
. It will take full ownership of a more specialty-focused
plant in Slovakia.

Apr 17, 2015

Nestle sales top estimates in good start for food firms

LONDON (Reuters) – Nestle (NESN.VX: Quote, Profile, Research, Stock Buzz) became the third European food company to report better-than-expected first-quarter sales on Friday, adding to evidence that the sector is moving past the troubles of 2014.

Last year, makers of consumer packaged goods were hammered by slowed economies, including in once-hot markets such as Brazil and China.

Apr 16, 2015

Nestle says taking action to keep top slot in food industry

LONDON (Reuters) – Nestle (NESN.VX: Quote, Profile, Research, Stock Buzz) told shareholders on Thursday it was taking steps to maintain its position at the head of the global food industry, where consolidation will create two big new rivals.

Nestle Chairman Peter Brabeck-Lemathe told the company’s annual shareholder meeting the creation of Kraft Heinz Co and Jacobs Douwe Egberts, as well as “spectacular” growth of some other companies in developing markets, required two things of Nestle in order to remain the global leader.

Apr 16, 2015

Diageo shares drop after quarterly sales decline

LONDON, April 16 (Reuters) – Diageo Plc, the world’s
largest spirits maker, reported a drop in quarterly sales on
Thursday despite an improvement North America, hurt by
challenges in several emerging markets.

The maker of Johnnie Walker whisky, Smirnoff vodka and
Guinness beer said net sales in the three months to March 31,
the third quarter of its financial year, fell 0.7 percent,
whereas many analysts had expected an increase.

Apr 16, 2015

Unilever sees tailwinds boosting sales hopes

LONDON (Reuters) – Unilever reported better than expected first quarter sales and struck a positive tone on the rest of the year, citing brighter signs in major markets such as the United States, China and India.

The Anglo-Dutch maker of Dove soap, Lipton tea and Ben & Jerry’s ice cream saw its shares jump more than 4 percent to a record high on Thursday after its first-quarter report showed progress after a tough 2014. Last year it was hammered by weakening emerging markets and currency devaluations.