Martinne's Feed
Nov 21, 2013

SABMiller posts three percent rise in half-year earnings

LONDON (Reuters) – SABMiller (SAB.L: Quote, Profile, Research), the world’s second-largest brewer, reported a rise in profits for the first half of its financial year, as strength in Africa helped offset declining beer sales in Europe and North America.

Earnings before interest, taxes, depreciation and amortization rose 7 percent to $3.27 billion in the six months ended 30 September. That was ahead of analysts’ average estimate of $3.22 billion, according to a company-supplied consensus.

Nov 21, 2013

SABMiller posts 3 pct rise in half-year earnings

LONDON, Nov 21 (Reuters) – SABMiller, the world’s
second-largest brewer, reported a rise in profits for the first
half of its financial year, as strength in Africa helped offset
declining beer sales in Europe and North America.

Earnings before interest, taxes, depreciation and
amortization rose 7 percent to $3.27 billion in the six months
ended 30 September. That was ahead of analysts’ average estimate
of $3.22 billion, according to a company-supplied consensus.

Nov 19, 2013

Diageo to launch new bourbons, doesn’t need Beam Inc

LONDON, Nov 19 (Reuters) – Alcoholic drinks maker Diageo PLC
does not need to buy rival Beam Inc, its chief
executive officer said on Tuesday, since it is expanding its
existing whiskeys and launching new ones.

Diageo has long been seen as a potential buyer of newly
independent Beam, since Beam’s array of bourbon whiskies would
complement Diageo’s two dozen Scotch brands, which include
Johnnie Walker, J&B and Talisker.

Nov 14, 2013

Insight: Profit bonanza eludes companies chasing obesity business

KALUNDBORG, Denmark (Reuters) – Steam rises from pipes at a giant industrial complex on the edge of the Baltic Sea whose success is a testament to the world’s diabetes and obesity epidemic.

Novo Nordisk’s Kalundborg factory, 100 km west of Copenhagen, makes half the planet’s insulin for diabetics, putting it on a list of global sites the United States sees as vital to its interests, according to a WikiLeaks cable in 2010.

Nov 14, 2013

Profit bonanza eludes companies chasing obesity business

KALUNDBORG, Denmark, Nov 14 (Reuters) – Steam rises from
pipes at a giant industrial complex on the edge of the Baltic
Sea whose success is a testament to the world’s diabetes and
obesity epidemic.

Novo Nordisk’s Kalundborg factory, 100 km west of
Copenhagen, makes half the planet’s insulin for diabetics,
putting it on a list of global sites the United States sees as
vital to its interests, according to a WikiLeaks cable in 2010.

Nov 7, 2013

Tate & Lyle optimistic on speciality sweetener outlook

LONDON, Nov 7 (Reuters) – Tate & Lyle is betting on
its higher-margin speciality sweetener business to help to
support profitable growth for the full year after reporting a
fall in first-half profits.

The company, which sells sweeteners including corn syrup to
food and soft drink makers, had warned last month that a cold
spring in the United States had hurt sales.

Nov 7, 2013

Nestle sheds bulk of Jenny Craig in effort to slim down

ZURICH/LONDON (Reuters) – Nestle (NESN.VX: Quote, Profile, Research, Stock Buzz) is selling the bulk of its Jenny Craig weight loss business to a U.S. private equity firm as the world’s largest food group works to trim its portfolio.

Nestle said on Thursday it was selling the Jenny Craig business in North America and Oceania to North Castle Partners for an undisclosed sum. The smaller business in France is not part of the deal, it said.

Nov 5, 2013

Imperial Tobacco to launch e-cigarettes to counter falling sales

LONDON (Reuters) – Imperial Tobacco Group (IMT.L: Quote, Profile, Research, Stock Buzz) said cost cuts and the launch of electronic cigarettes would help deliver “modest” growth for the new year as it posted slightly better than expected earnings.

Imperial, and its rivals such as Philip Morris International (PM.N: Quote, Profile, Research, Stock Buzz) and British American Tobacco (BATS.L: Quote, Profile, Research, Stock Buzz) are grappling with declining sales in a number of markets due to increasing government regulation and more health-aware consumers, as well as smuggling and an economic downturn.

Oct 28, 2013

Bets on for mega brewer merger as virgin ground shrinks

BRUSSELS/LONDON, Oct 28 (Reuters) – With half the world’s
beer produced by four big firms and few markets left for them to
tap, the time may be right for a $100 billion merger between the
two largest, Anheuser-Busch InBev and SABMiller
.

This mega-deal is tipped by analysts as the most likely
tie-up because of the other two, Heineken is family
controlled and Carlsberg is protected by a trust.

Oct 24, 2013

Unilever hit by sliding emerging market currencies

LONDON, Oct 24 (Reuters) – Unilever Plc
reported slower sales growth after demand for its consumer goods
was hit by the devaluation of a handful of emerging market
currencies and other factors such as rising onion prices in
India.

“This is a soft quarter without a shadow of a doubt,” Chief
Financial Officer Jean Marc Huet told Reuters in an interview On
Thursday.