European shares closed higher on Thursday, as investors focused on Wall Street earnings and the latest U.S. jobs data.» Read More
There seems to be little to no interest in fresh overseas investment into India, and that’s a mistake, says a local expert.
*Sales fell 18 pct in China in H1, weakness to persist in H2. PARIS, Feb 13- French drinks group Pernod Ricard cut its annual profit growth goal on Thursday, saying demand for its Martell cognac and Ballantine's whisky in China, its second-largest market, would stay sluggish through end-June.
Procter & Gamble cut its sales and earnings outlook for the year to reflect unfavorable foreign exchange rates in emerging markets.
BRUSSELS, Feb 12- Heineken, the world's third-largest brewer, forecast a return to revenue growth this year with higher beer sales in Africa, Asia and Latin America after a slowdown in several emerging markets in 2013..
NEW YORK, Feb 11- Procter& Gamble Co, the world's largest household products maker, cut its sales and earnings outlook for the year on Tuesday to reflect unfavorable foreign exchange rates in Venezuela and the devaluation of currencies in various developing markets.
AMATITAN, Mexico, Feb 11- An expected surge in Chinese demand should boost Mexico's tequila exports by 20 percent within a decade, according to the regulator of the country's signature cactus-based liquor, and producers are gearing up for a boom.
PARIS, Feb 11- Pernod Ricard is widely expected to cut its full-year profit goal when it reports first-half earnings on Thursday, reflecting weak demand in China, its second-largest market.
*Diageo, Beiersdorf, Prudential tipped for recovery. LONDON, Feb 11- A two-week sell-off in European shares exposed to emerging economies is luring investors to firms caught up in the storm and that now trade at unusually low prices, such as drinks giant Diageo and insurer Prudential.
Lately, a catalyst has been popping up in the market that’s somewhat unpredictable. And it's playing havoc with stocks.
CHICAGO/ LONDON, Jan 31- International companies are taking steps to mitigate the effects of the turmoil in emerging markets, including hedging foreign currency exposure more aggressively, reducing some investment plans, cutting costs, and raising prices frequently.
*Electrolux falls after posting lower profits. Shares in Electrolux fell 4.5 percent after the Swedish home appliances maker posted a bigger-than-expected drop in quarterly earnings. Electrolux's earnings were hit by a slump in Brazil, whose economy has had to deal with a fall in the country's currency.
Some of Thursday's midday movers:
LONDON, Jan 30- European shares recouped early losses and edged higher late on Thursday, with solid U.S. growth data and "oversold" levels prompting some buying, although the market remained vulnerable due to lingering emerging market concerns. The FTSEurofirst 300 index of top European shares was up 0.2 percent at 1,292.75 points by 1600 GMT.
Editor: Malcolm Davidson +44 20 7542 6958 Global Picture Desk:+ 65 6870 3775 Global Graphics Desk:+ 65 6870 3595. -EMERGING-GROWTH/, expect by 1500 GMT/ 10 AM ET, by Sujata Rao, 800 words. -RUSSIA- ECONOMY/, moved, by Lidia Kelly, 800 words.
*Total sales in China down 22 percent. LONDON, Jan 30- Diageo Plc, the world's biggest spirits company, reported a worse than expected slowdown in sales growth in the last six months, flagging a sharp drop in demand in China and some other emerging markets and pummelling its shares.
LONDON, Jan 30- Global equities hit 3 1/ 2- month lows on Thursday, as a stimulus cut by the U.S. Currencies in South Africa and Hungary also hit multi-year troughs, and the Turkish lira approached this week's earlier record low.
LONDON, Jan 30- Diageo, the world's biggest distilled drinks company reported a slowdown in sales growth in the last six months after demand in China and some other important emerging markets dropped sharply. The results were weaker than analysts had expected, and Diageo's shares were down 6 percent at 1797 pence by 1000 GMT.
*Roche, TeliaSonera, Diageo drop on earnings news. And Nordic telecom operator TeliaSonera fell 3.9 percent, as it said it expected flat sales and margins in 2014 after reporting fourth-quarter profit below expectations.
Jessica Ground, U.K. equities fund manager at Schroders, discusses results from Diageo and BskyB and the challenges they face, including "EM exposure" and the "battle for content."
LONDON, Jan 30- Global equities hit 2-1/ 2 month lows on Thursday after the U.S. It's no 1998... we have a very cautious stance on all emerging market equities and currencies at the moment, "said Hans Peterson, global head of investment strategy at SEB Private Banking.