Martinne's Feed
Sep 1, 2015

Changing tastes churn up ice cream industry

ZURICH/LONDON, Sept 1 (Reuters) – Changing tastes and
distribution challenges in emerging markets are opening up an
ice cream industry long dominated by global food companies such
as Unilever and Nestle.

Though classic vanilla, chocolate and strawberry remain the
world’s most popular ice cream flavours, increasingly
health-conscious consumers are moving away from the large tubs
of the past to smaller treats.

Aug 17, 2015

Morning dance parties let “conscious clubbers” rise and rave

LONDON, Aug 17 (Reuters) – Blaring house music, coloured
lights, glittery faces and gyrating bodies are not your typical
weekday morning. But that’s the way it is for growing numbers of
health-minded 20-somethings and retired clubbers no longer keen
on all-night partying.

Morning dance parties with names like “Morning Gloryville”
and “Daybreaker” are gathering steam in cities across the world,
giving rise to a movement known as “conscious clubbing”.

Aug 13, 2015

Nestle stands by 2015 forecast after sales beat

ZURICH/LONDON, Aug 13 (Reuters) – Nestle, the
world’s biggest packaged food company, posted better than
expected first-half sales growth and stuck to its 2015 forecast,
despite a recall of Maggi noodles in India, helped by higher
prices in some key product areas.

The maker of Nescafe coffee and KitKat chocolate said on
Thursday organic sales, which exclude acquisitions, divestments
and currency moves, rose 4.5 percent in the six months to June.
That beat analysts’ average forecast of 4.3 percent in a Reuters
poll and 4.4 percent in the first quarter.

Aug 6, 2015

Three European Coca-Cola bottlers to merge

LONDON (Reuters) – Three European bottlers of Coca-Cola (KO.N: Quote, Profile, Research, Stock Buzz) drinks have agreed to merge in what will be one of the continent’s largest consumer products deals ever, as they hope greater scale and cost cutting will recharge tepid soft drink sales.

Coca-Cola Enterprises (CCE.N: Quote, Profile, Research, Stock Buzz) said on Thursday it would combine with Coca-Cola Iberian Partners (CCIP) and the German bottling business of Coca-Cola to create a new company that will be the world’s largest independent bottler of Coke drinks by net revenue, with business in 13 countries.

Aug 6, 2015

Activist investor Ackman takes $5.5 billion stake in Mondelez

By Supriya Kurane and Martinne Geller

(Reuters) – Activist investor William Ackman’s hedge fund has built a stake worth about $5.5 billion in Mondelez International Inc (MDLZ.O: Quote, Profile, Research, Stock Buzz), the maker of Cadbury chocolate and Oreo cookies, in what is seen as an attempt to push the company to grow faster or sell itself.

Mondelez shares were up 7 percent at $49.49 premarket trading on Thursday, valuing the company at about $80 billion.

Jul 30, 2015

Diageo signals turnaround after another flat year

LONDON, July 30 (Reuters) – Diageo, the world’s
largest spirits company, signalled a turnaround this year,
following two years of flat sales due to issues including
wholesaler destocking and discounting in vodka.

The London-based maker of Johnnie Walker whisky, Smirnoff
vodka and Guinness beer on Thursday said organic net sales
growth for the full year ended 30 June was flat, as it was the
previous year. Analysts on average were expecting growth of 0.2
percent, according to a consensus provided by the company.

Jul 29, 2015

British American Tobacco beats expectations, shares up

LONDON (Reuters) – British American Tobacco (BATS.L: Quote, Profile, Research, Stock Buzz), the world’s No. 2 cigarette company, reported better-than-expected performance for the second quarter, helped by cost savings and market share gains.

Shares in the company, which makes Dunhill and Lucky Strike cigarettes, were up 2.8 percent at 0718 GMT (3.18 a.m. EDT).

Jul 24, 2015

U.S. watchdog questions Smirnoff maker Diageo’s U.S. distribution

LONDON, July 24 (Reuters) – British spirits maker Diageo
is under scrutiny in the United States, where the U.S.
Securities and Exchange Commission (SEC) has asked for
information to see whether it shipped excess inventory to U.S.
distributors, a practice known as “channel stuffing”.

A spokeswoman for Diageo, the world’s biggest spirits
company with brands including Smirnoff vodka and Johnnie Walker
whisky, confirmed the company received an inquiry from the SEC
and was responding to its questions.

Jul 23, 2015

Unilever’s second-quarter sales top estimates

LONDON, July 23 (Reuters) – Unilever
reported higher-than-expected quarterly sales on Thursday,
driven by gains in its home and personal care units, and stood
by its full-year outlook.

The results provide evidence that the Anglo-Dutch maker of
Dove soap, Lipton tea and Ben & Jerry’s ice cream is recovering
from a weak 2014, when its business was hammered by slowing
emerging markets and currency devaluations. Still, it warned
that consumer demand remained weak.

Jul 3, 2015

Greek bank closures may deplete supermarket shelves

LONDON/ATHENS (Reuters) – A halt to international payments from Greek bank accounts is hurting Greek businesses and their foreign partners and threatening supplies of vital goods like food and clothing into the debt-crippled country.

With banks closed, people limited to withdrawing 60 euros ($66.62) per day and Greece’s future in the euro possibly hinging on a referendum on Sunday, Greek shoppers have been stocking up on essentials like sugar, flour, pasta, rice, beans, canned and paper goods.