Consumer Staples


  • 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.

  • Nov 18- Tyson Foods Inc reported a better-than-expected rise in quarterly profit, helped by higher chicken sales and a rebound in its beef business. Shares of the largest U.S. meat processor rose 4 percent to $30.00 in premarket trade on Monday. Tyson's chicken sales rose 2.4 percent to $3.16 billion in the fourth quarter ended Sept. 28.

  • *Marc Jacobs, Michael Kors not planning on going into skin care. PARIS, Nov 18- Burberry is the latest luxury brand to eye the 28- billion-euro global skin care market but despite potentially rich pickings in Asia it faces an uphill struggle to win customer trust in a crowded market.

  • *Canada's Saputo made A $9 per share offer late Friday. SYDNEY, Nov 18- Saputo Inc's failure to deliver a knockout offer in the three-way battle to take over Australia's oldest dairy company is leaving the door open for a better bid.

  • Warrnambool Cheese shares jump on higher Saputo bid Sunday, 17 Nov 2013 | 7:09 PM ET

    SYDNEY, Nov 18- Shares in Warrnambool Cheese and Butter Factory Co hit an all-time high on Monday after the Australian dairy company recommended a fresh A $505 million bid from Canada's Saputo Inc..

  • FRANKFURT/ NEW YORK, Nov 15- U.S. packaging companies Berry Plastics Group Inc and Silgan Holding Inc as well as German peer Gerresheimer are competing to buy the healthcare packaging unit of Rexam in a deal expected to fetch a little less than $1 billion, people familiar with the matter said.

  • *Saputo raised bid by 12.5 pct to A $9/ shr. SYDNEY, Nov 15- Canadian dairy company Saputo Inc raised its takeover offer for Australia's Warrnambool Cheese and Butter Factory Co Holdings Ltd by 12.5 percent on Friday, and Warrnambool's board unanimously recommended it.

  • Australia's WCB in talks with Saputo over revised bid Thursday, 14 Nov 2013 | 6:22 PM ET

    SYDNEY, Nov 15- Australian dairy company and takeover target Warrnambool Cheese and Butter Factory Co Holdings Ltd said on Friday it was in talks with Canada's Saputo Inc over a proposed revised offer and requested a trading halt for its shares.

  • MADRID, Nov 14- Mexican frozen food company Sigma Alimentos has launched a 695 million euro takeover bid for Spanish meat processor Campofrio at a price analysts said could tempt its leading shareholder to sell.


  • The Magic Kingdom park at Walt Disney World Resort.

    Early numbers show travelers are looking to book bigger and better vacations as soon as the weather warms up.

  • CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories. More earnings results next week. Starbucks and Netflix may have been helped by the bad winter. Also, the Boston Marathon is next week, and 36,000 runners will participate.

  • CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil closed up on the day, and nat gas closed up, as well, while gold was down on the day.

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