Consumer Staples


  • Dutch sound alarm about possible risks of e-cigarettes Thursday, 28 Nov 2013 | 8:51 AM ET

    AMSTERDAM, Nov 28- The Dutch Health Ministry sounded an early warning on Thursday about the possible health risks of electronic cigarettes, announcing plans to clamp down on labelling ahead of European regulations.

  • CARACAS, Nov 28- It's Sunday morning. The sun is barely up, and already there are long lines outside a large state-run supermarket next to a hillside Caracas slum. Critics of the government decry the lines as a humiliating new symbol of economic failure akin to scenes in communist-run Cuba, Soviet-era Russia or Robert Mugabe's Zimbabwe.

  • BOGOTA, Nov 27- Colombian President Juan Manuel Santos said on Wednesday the government will continue paying a direct subsidy to coffee growers while prices remain low, a measure the world's top washed arabica producer introduced due to sliding prices.

  • *Exposed firms include Nestle, Mondelez, Coke, Pepsi, Time Warner. LONDON/ BERLIN, Nov 27- For consumers, one of the great things about shopping online is bypassing the queue to check out. In Britain, the country where e-commerce is most popular, about 13 percent of people do all or most of their grocery shopping online.

  • Sriracha fight set to simmer a little longer Friday, 22 Nov 2013 | 6:54 PM ET

    A Los Angeles Superior Court judge heard testimony Friday from attorneys for the city of Irwindale, Calif., and the owner of the Sriracha plant.

  • *Ontario ban could be imitated by other provinces. Pharmacy companies saw the private-label drugs as a way to reduce the impact of Ontario regulations designed to lower the cost of generic drugs. The Ontario rules have weighed on the earnings of the drugstore chains, including Shoppers Drug Mart Corp, a principal appellant in this case.

  • *Cuts 2013 earnings/share forecast to $1.42- $1.47 from $1.50- $1.55. Nov 21- Specialty grocery retailer Fresh Market Inc cut its 2013 earnings forecast for the second time as it battles a weak U.S. consumer spending environment, sending its shares down as much as 16 percent after the bell.

  • PARIS, Nov 21- French cosmetics giant L'Oreal has created a new travel retail division to make the most of a 17- billion-euro market that is booming as a new, moneyed middle class emerges from China to Brazil.

  • LONDON, Nov 21- SABMiller, the world's second-largest brewer, said emerging markets would continue to drive sales and earnings while European and North American consumers drink less beer.

  • *EBITDA $3.27 billion, above estimates of $3.22 billion. LONDON, Nov 21- 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.

  • iMarlboro: Philip Morris lights up e-cigarettes Wednesday, 20 Nov 2013 | 2:04 PM ET
    Tobacco cigarette versus e-cigarette.

    Marlboro says it will get into the e-cigarette business in the second half of 2014 and raised its profits forecast for the next year.

  • Nov 20- Philip Morris International Inc plans next year to enter the electronic cigarette business, a $2 billion- plus global market identified by the maker of Marlboro cigarettes as its "greatest growth opportunity".

  • Nov 20- Marlboro cigarettes maker Philip Morris International Inc raised its full-year profit forecast, citing a lower impact from unfavorable exchange rates, and said it would enter the e-cigarette business in the second half of 2014.. Analysts on average were expecting Philip Morris to earn $5.39 per share, according to Thomson Reuters I/B/E/S.

  • Nov 20- J.M. Smucker Co, the maker of Folgers coffee and Jif peanut butter, reported weaker-than-expected quarterly revenue as lower commodity costs and product selling prices failed to translate into sales growth. A K-cup is a plastic pod that Green Mountain Coffee Roasters Inc licenses to coffee and beverage makers.

  • Glitzy Dubai eyes profit in setting Islamic standards Tuesday, 19 Nov 2013 | 11:00 PM ET

    *Dubai mounts drive to profit from setting standards. DUBAI, Nov 20- From cosmetics to accommodation, travel to toothpaste, complying with religious principles is becoming big business in the Muslim world, and Dubai, better known for flamboyance and unrestrained consumerism than Islamic scholarship, sees an opportunity.

  • *IPO seen raising more than $1 billion. *Sberbank, Goldman likely to work on deal- sources. MOSCOW/ DUESSELDORF, Nov 19- Europe's fourth-biggest retailer Metro AG is considering a stock market listing of a minority stake in its Russian unit to help fund its expansion, the company said on Tuesday, confirming an earlier Reuters story.

  • *IPO seen raising more than $1 billion. MOSCOW/ DUESSELDORF, Nov 19- Europe's fourth biggest retailer Metro AG is talking to banks about an initial public offering of its Russian unit, sources told Reuters on Tuesday, as it restructures its portfolio to cut its 6.3 billion euros in net debt.

  • Nov 19- Campbell Soup Co, the world's largest soup maker, cut its full-year profit forecast on Tuesday after a drop in demand for its soups and drinks resulted in first-quarter earnings that fell far short of analyst estimates. The company cut its full-year adjusted earnings forecast to between $2.53 and $2.58 per share from $2.55- 2.60.

  • Campbell Soup's quarterly sales fall Tuesday, 19 Nov 2013 | 6:41 AM ET

    Nov 18- Campbell Soup Co, the world's largest soup maker, reported a 2 percent fall in first-quarter revenue, hurt by falling drink sales and slowing demand in its core U.S. soup business. Net earnings attributable to Campbell Soup fell to $171 million, or 55 cents per share, from $245 million, or 78 cents per share, a year earlier.

  • WARRNAMBOOL, Australia, Nov 19- Dairy farmers in the tiny Australian town of Warrnambool, battered in recent years by drought, a stubbornly high currency and a bruising supermarket war over milk prices, are on the cusp of a much welcome windfall.


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