Martinne's Feed
Apr 15, 2014

SABMiller’s African troubles weigh on sales growth

LONDON (Reuters) – SABMiller (SAB.L: Quote, Profile, Research), the world’s second-largest brewer by sales, posted a modest rise in full-year lager sales volumes following troubles in a number of African markets that have been fuelling growth for the past few years.

The London-listed company behind beers such as Miller Lite and Peroni also said on Tuesday it was reviewing its “non-core” holding, worth about $1 billion (597 million pounds), in South African hotel company Tsogo Sun Holdings (TSHJ.J: Quote, Profile, Research).

Apr 11, 2014

London art exchange lets collectors buy shares of a Banksy

LONDON, April 11 (Reuters) – It may look more like a trading
floor than an art show. Hundreds of well-heeled Londoners mill
about, checking screens to see the latest trades and buy shares
in initial public offerings. But the Banksy paintings and
Shepard Fairey print point to a serious art gallery.

My Art Invest opened its doors in East London on Thursday,
providing art collectors with a front for an online trading
platform where they can buy shares in works by important street
artists for as little as 5 pounds ($8).

Apr 8, 2014

British supermarket discount war not spooking suppliers

LONDON, April 8 (Reuters) – Supermarket discount wars have
long been the stuff of nightmares for grocery suppliers expected
to slash their own prices in turn, but this time around in
Britain many say they are sleeping just fine.

Tesco, Asda and Morrisons have
together pledged 2.4 billion pounds ($4 billion) in lower prices
to compete with fast-growing German-owned discount chains. But
many experts think an all-out price war is unlikely and for now
supermarkets are footing the bill themselves, not squeezing
their suppliers.

Apr 7, 2014

Brown-Forman among those eyeing Whyte & Mackay: sources

LONDON (Reuters) – U.S. drinks company Brown-Forman (BFb.N: Quote, Profile, Research, Stock Buzz) is one of several parties considering second-round bids for the Whyte & Mackay whisky business, expected to fetch around 350 million pounds ($581 million), said three people familiar with the matter.

The bulk of Whyte & Mackay is being sold by United Spirits (UNSP.NS: Quote, Profile, Research, Stock Buzz) to satisfy antitrust concerns arising from Diageo’s (DGE.L: Quote, Profile, Research, Stock Buzz) purchase of a controlling stake in the Indian drinks firm. Diageo is already the leader in the UK Scotch market, where Whyte & Mackay’s business is centered.

Apr 3, 2014

Britain says ready to ban all branding on cigarette packs

LONDON (Reuters) – Britain plans to force tobacco firms to sell cigarettes in plain packets without branding to improve public health and cut the number of child smokers, a government minister said on Thursday, dismaying the industry and delighting anti-smoking campaigners.

The government said it wanted to leave space on cigarette packaging only for graphic health warnings, after holding a short final consultation on the issue, and said the rule could become law within a year.

Mar 24, 2014

Australian tobacco sales edge up despite plain packs: industry

LONDON (Reuters) – Deliveries of tobacco to retailers in Australia rose slightly last year for the first time in at least five years, even after the introduction of plain packaging aimed at deterring smokers, according to industry sales figures released on Monday.

Australia, which in December 2012 became the first country to ban branded cigarette packs, is being closely watched for signs of success as other nations including Ireland, New Zealand and the United Kingdom explore similar measures.

Mar 24, 2014

Australia tobacco sales edge up despite plain packaging -industry

LONDON, March 24 (Reuters) – Deliveries of tobacco to
retailers in Australia rose slightly last year for the first
time in at least five years, even after the introduction of
plain packaging aimed at deterring smokers, according to
industry sales figures to be released on Monday.

Australia, which in December 2012 became the first country
to ban branded cigarette packs, is being closely watched for
signs of success as other nations including Ireland, New Zealand
and the United Kingdom explore similar measures.

Mar 12, 2014

Whyte & Mackay sale attracts several suitors – sources

LONDON, March 12 (Reuters) – United Spirits’ Whyte
& Mackay whisky unit has attracted interest from several drinks
makers and private equity firms and is expected to fetch about
350 million pounds ($582 million), according to sources familiar
with the matter.

SPI Group, owner of Stolichnaya vodka, Italy’s Campari
and private equity firms Lion Capital and TPG Capital
Management are among the interested parties likely to
have bid, said the sources, who declined to be identified since
the process is private.

Mar 12, 2014

Danone looks to Shakira to help revive Activia growth

LONDON, March 12 (Reuters) – Danone unveiled its
biggest ever dairy ad campaign on Wednesday, hoping to revive
sales growth of its top yogurt brand Activia by focusing on
global pop star Shakira, instead of specific health claims whose
permissibility varies by country.

The French food group will launch the campaign in 55
countries with print, outdoor and digital advertisements, as
well as television commercials featuring the Colombian singer’s
new song.

Feb 23, 2014

Big consumer companies cut costs, Wall Street wants bolder steps

BOCA RATON, Florida (Reuters) – Investors are growing impatient with the makers of global brands like Cadbury chocolate, Campbell Soup and Tide laundry detergent, as these stalwart consumer products companies try to boost profits through cost cuts and brand makeovers while smaller rivals take risks and grab market share.

Organic and soy milk seller WhiteWave Foods Co (WWAV.N: Quote, Profile, Research, Stock Buzz), privately owned yogurt maker Chobani Greek and Keurig coffee brewer seller Green Mountain Coffee Roasters Inc (GMCR.O: Quote, Profile, Research, Stock Buzz) have shaken up their categories and chalked up enviable growth while big companies such as ConAgra Foods Inc (CAG.N: Quote, Profile, Research, Stock Buzz), Danone S.A. (DANO.PA: Quote, Profile, Research, Stock Buzz) and General Mills Inc (GIS.N: Quote, Profile, Research, Stock Buzz) struggle.