LONDON, April 16 (Reuters) – Consumer goods maker Reckitt
Benckiser Group stood by its 2014 financial targets on
Wednesday despite unusually weak sales of disinfectants and
signalled it was leaning toward spinning off its declining
The British company said a strategic review of Reckitt
Benckiser Pharmaceuticals (RBP) that it launched in October was
progressing well and that a “capital markets solution is
emerging as a strong option”.
LONDON, April 15 (Reuters) – Britain’s Imperial Tobacco
is shutting cigarette factories in England and France
with the loss of about 900 jobs as it grapples with declining
sales in Europe.
The maker of Gauloises and Davidoff cigarettes blamed the
closures on tough economic conditions, increased regulation and
taxes and growth in the illicit tobacco trade.
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).
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).
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
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.
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.
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.
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.
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.