LONDON, Nov 19 (Reuters) – Philip Morris International Inc
, the world’s largest tobacco company, plans to launch its
new iQOS smokeless device and Marlboro HeatSticks in Milan,
Italy on Thursday following a better-than-expected launch in
Nagoya, Japan earlier this month.
With a battery-operated system that heats, without burning,
small tubes of tobacco called Marlboro HeatSticks, the iQOS is a
hybrid between conventional cigarettes and next-generation
LONDON, Nov 13 (Reuters) – Brewing giant SABMiller
reported weaker-than-expected profit and a dip in margins for
the first half of its fiscal year, citing poor weather in China
and intensified competition among retailers in Australia.
The world’s second-biggest beer maker, with brands such as
Miller Lite and Peroni, said earnings before interest, tax,
depreciation and amortisation (EBITDA) were $3.28 billion in the
six months to the end of September.
LONDON, Nov 11 (Reuters) – Changes in British shopping
habits have forced suppliers of goods such as ice cream and soap
to adapt, strengthening their hand in negotiations with
supermarkets battling for lost sales.
Consumers are turning away from the four major chains to
save money at discounters or treat themselves at upmarket shops,
reducing suppliers’ dependence on any one customer.
LONDON, Nov 4 (Reuters) – Imperial Tobacco Group
said it would raise its dividend by at least 10 percent in the
next year, signalling confidence that cost cuts will help it to
cope with weak consumer spending and higher taxes that weighed
on its annual profit.
Like all tobacco companies, Imperial has been grappling with
declining sales in a number of markets, as more people cut back
or quit smoking. In addition, weak economies and government tax
increases are making cigarettes less affordable, leading to
lower-priced brands gaining in popularity.
LONDON (Reuters) – Diageo (DGE.L: Quote, Profile, Research, Stock Buzz) has agreed to swap its Bushmills Irish whiskey label for full ownership of the high-end Don Julio tequila, as the British drinks group seeks to regain its leading position in tequila and build a bigger portfolio of “reserve” brands.
The world’s largest spirits maker said on Monday that it had agreed a deal with the Beckmann family of Mexico to take the fifty percent of Don Julio it does not already own in exchange for its Bushmills Irish whiskey.
LONDON (Reuters) – Unilever posted its weakest quarterly sales growth in nearly five years on Thursday, as Europe’s persistent woes and a slowdown in emerging markets including China crimped its performance.
The Anglo-Dutch maker of Dove soap and Lipton tea reported a 2.1 percent rise in third-quarter underlying sales growth, below average analyst expectations of a 3.7 percent increase, according to a company-compiled consensus.
LONDON (Reuters) – British American Tobacco (BATS.L: Quote, Profile, Research, Stock Buzz) reported on Wednesday an accelerated decline in the number of cigarettes sold, citing economic pressures on smokers around the world to rein in spending.
BAT’s shares fell after it joined other consumer goods makers that have been hit by cutbacks from cash-strapped consumers such as Reckitt Benckiser (RB.L: Quote, Profile, Research, Stock Buzz), Coca-Cola (KO.N: Quote, Profile, Research, Stock Buzz), Heineken (HEIN.AS: Quote, Profile, Research, Stock Buzz) and Nestle (NESN.VX: Quote, Profile, Research, Stock Buzz).
LONDON, Oct 21 (Reuters) – Sales growth at consumer goods
maker Reckitt Benckiser slowed more sharply than expected
in the third quarter, hit by sluggish Western economies and
cooling emerging markets.
The maker of Mucinex cold remedies, Durex condoms and Dettol
cleaners said on Tuesday it now expected full-year revenue
growth at the low end of its 4 to 5 percent target range,
although profit margins were still forecast to rise.
LONDON (Reuters) – Italy’s Lavazza and Israel’s Strauss Group (STRS.TA: Quote, Profile, Research, Stock Buzz) have hired advisers to submit rival bids for two French coffee brands which may come on the market early next year, several sources familiar with the matter said.
The L’Or and Grand Mere brands are expected to be put up for sale to ease a planned merger of Mondelez International’s (MDLZ.O: Quote, Profile, Research, Stock Buzz) coffee business with D.E Master Blenders 1753.
LONDON, Oct 17 (Reuters) – Italy’s Lavazza and Israel’s
Strauss Group have hired advisers to submit rival bids
for two French coffee brands which may come on the market early
next year, several sources familiar with the matter said.
The L’Or and Grand Mere brands are expected to be put up for
sale to ease a planned merger of Mondelez International’s
coffee business with D.E Master Blenders 1753.