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ZURICH, Aug 7- Nestle announced an 8 billion Swiss franc share buyback on Thursday and revealed stronger sales growth in emerging markets in contrast to other big consumer products companies.
Aug 6- Mondelez International Inc, the maker of Cadbury chocolate and Oreo cookies, cut its 2014 sales target on Wednesday after price hikes to cover commodity costs sparked a backlash by consumers and retailers in some European markets. Mondelez also reported higher net income in the second quarter, topping Wall Street estimates.
Aug 6- Mondelez International Inc said Wednesday that its second-quarter profit rose on higher prices in emerging markets, but the maker of Cadbury chocolate and Oreo cookies cut its sales target. Net income increased to $622 million, or 36 cents per share, from $601 million, or 33 cents per share, a year earlier.
U.S. stock index futures traded down on Wednesday, as European shares fell sharply on rising concerns about Russia and Ukraine.
Investors are honed in on consumer companies that use cocoa as a raw ingredient to see how they manage costs to protect the bottom line.
Mars Chocolate North America said that it will raise its prices by 7 percent "to offset rising costs," its first increase in three years.
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July 11- Mondelez International Inc, maker of Cadbury chocolate and Oreo cookies, said it would create a "stand-alone" European cheese and grocery business to focus on its fast-growing snacks business, including biscuits, gum and candy.
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BEIJING, July 1- Foreign brands in China's consumer goods market are facing stiffer competition from domestic rivals, with about 60 percent of firms overseas losing market share last year, a private study of 40,000 households showed on Tuesday.
PARIS, July 1- Grocery manufacturers are struggling to adapt to the online world and need to invest in smarter packaging, presentation and supply chains to reap the long term benefits.
PARIS, June 19- Nestle is trimming its huge range of businesses and pushing deeper into niche medical products to improve returns, but the food and beverage giant still likes its heft. But last year Nestle missed its long-term forecast for sales growth of 5 to 6 percent.
KUALA LUMPUR, June 16- The storm of bad publicity that hit confectioner Cadbury in Malaysia after its chocolates tested positive for traces of pork highlights the costly, religious minefield food companies must navigate as they rush to tap the surging $1 trillion global halal market.
If China's consumers slow their retail purchases, U.S. companies with Chinese market ties may take hits to sales.
ZURICH/ LONDON, June 8- Nestle's chief executive, who oversees a sprawling empire stretching from baby food to wrinkle treatment, admits to finding one of its oldest businesses, chocolate, a source of frustration.
Although you may search the market far and wide for value, sometimes the best plays are right under your nose.
Cadbury withdrew two varieties of its chocolate snacks from sale in Muslim-majority Malaysia last week after government tests found traces of pork in them, leading some Islamic groups to call for a boycott on all of its products.
JAKARTA/ KUALA LUMPUR, May 30- Indonesian authorities said on Friday they were testing products made by British confectioner Cadbury to check they complied with Islamic standards after two chocolate varieties in neighbouring Malaysia were found to be contaminated with pork DNA.