*International goldfields ltd- igs and Santa Fe Gold Corporation merger. *International goldfields says proposed merged entity will have a market. capitalisation of A $70 million.
Oct 11- International Goldfields Ltd:.
Better times may be ahead for U.S. beverage stocks, according to Morgan Stanley analyst Dara Mohsenian. He upgraded his rating on the beverage sector to “attractive” from “in-line,” citing improving trends for carbonated beverages.
The pace of the decline in soda sales quickened in 2011, despite growth in the overall beverage market.
The headline numbers for PepsiCo look solid. They met expectations on the bottom line with a profit of $1.22 per share, and revenue was better than estimates at $15.51 billion. But on the conference call, most of the analyst questions focused on the guidance.
Wal-Mart Stores is still quenching consumers' thirst for cheap soda, and that's really bad news for private-label soft drink manufacturer Cott.
Sales of carbonated soft drinks in the U.S. fell for the fifth year in a row last year, although the pace of decline has slowed from 2008, according to a report from industry trade magazine Beverage Digest.
Here's our look at contest stocks from Thursday's close to Friday's close. Old stand by Freemont General brought owners/sellers some new gains. The most active and widely held stocks remained pretty much the same as they have been. One of the best performers Cott, was up on consolidation news involving Cadbury. Here's the breakdown:
Lucky Friday the 13th: As I’ve often detailed, there are many moving parts to getting breaking news on the air. "Friday the 13th" is the last day one might think the stars would decide to align to our benefit, but they did. Beverage maker Cott had been the subject of speculation all day, focusing on a possible merger with Cadbury Schweppes. It was halted before the New York Stock Exchange open for “news pending,” which, of course, only served to fuel that speculation. ...
Cott shares jumped as much as 30% after the private-label drinks maker said it has responded to interested parties that have approached it after Cadbury Schweppes announced it would split its confectionery and Americas beverage businesses.
With Wal-Mart approaching nearly a billion dollars in sales a day, its no surprise that many companies earn a significant portion of their annual revenues from supplying Wal-Mart stores. This unique relationship between retail giant and its top vendors is now tracked in a brand new index, offered by the International Securities Exchange and Revere Data. Can investors make money off this index? CNBC’s Sue Herera found out today on ‘Power Lunch.”