The company will not change the name of its "Hazed and Confused" flavor, despite complaints from anti-hazing activists. The Daily Mail reports.» Read More
*Organic sales growth 4.5 pct, misses expectations. *Question mark on full-year outlook, shares slide. VEVEY, Switzerland, Oct 16- Nestle toned down expectations for full-year sales after slower third quarter growth showed the impact of softening demand in Asia and falling prices in Europe on the world's largest food company.
SINGAPORE, Oct 13- Yum Brands Inc is partnering with Singapore- listed Yoma Strategic Holdings Ltd to debut a KFC restaurant in Myanmar in 2015, making it one of the first big Western fast-food chains to enter the newly emerging market. Yoma, a Myanmar- focused diversified real estate company, said the KFC franchise would initially focus on Yangon, the country's...
*Australia's coal miners defy supply glut. Glencore Plc, one of Australia's biggest miners, estimates up to a third of Australia's coal sector is running at a loss, yet collieries are flooding countries such as China and Japan with million of tonnes of coking coal used to make steel and thermal coal to generate power. Many companies were facing a balancing act on...
LONDON, Oct 2- "Things are always unnoticed, until they're noticed," Tesco Chairman Richard Broadbent said when asked how Britain's biggest retailer had failed to spot a 250 million pound sized hole in its first-half profits. Whether conspiracy or cock-up, the scandal raises doubts over the management and financial oversight at Britain's largest private...
HAVANA, Aug 21- Cuba has yet to attract new foreign investors despite launching two major initiatives in the past year, a sign of the lingering caution over doing business with the communist government and its own hesitancy to follow through on free-market-style reforms.
Britain's top bosses earn 143 times their average employee's wage, a report has revealed, amid growing anger over inequality and CEO pay.
Cramer thinks many of the nation’s largest companies are grappling with slow growth and the challenges it presents. What now?
FRANKFURT, Aug 7- Nivea skin cream maker Beiersdorf reported lower-than- expected quarterly results and struck a slightly more cautious approach for its full year outlook as growth in once promising emerging markets stuttered.
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.
ZURICH, Aug 7- Nestle, the world's biggest food group, announced an 8 billion Swiss franc share buyback and stood by its full-year sales forecast on Thursday, after revenue growth in emerging markets picked up in the second quarter.
FRANKFURT, Aug 2- Unilever would need to cut more jobs in Europe if real income levels among consumers fall, weighing on demand for brand-name items, Chief Executive Paul Polman was quoted as saying in an interview on Saturday.
FRANKFURT, Aug 2- Unilever will cut more jobs in Europe as real income levels among consumers fall, weighing on demand for brand-name items, Chief Executive Paul Polman was quoted as saying in an interview on Saturday.
*New CEO Lewis, from Unilever, first external CEO in 95 yrs. *Unilever a big Tesco supplier, Lewis close to Tesco execs. The 49- year-old earned the nickname during his 27 years at Unilever, where he turned around a string of operations including the consumer giant's British business, cutting costs and energising staff with innovative marketing campaigns.
India stocks are headed for a correction in the near term, emerging markets guru Mark Mobius said, as the pace of reforms is likely to disappoint.
LONDON, July 29- Weak consumer spending and intense competition among retailers are forcing some makers of packaged goods to lower their prices, intensifying the threat of euro zone deflation.
*CFO says Danone 2020 plan is "not a strategic review". PARIS, July 25- Food group Danone is confident of hitting full-year targets despite a weak first-half as it looks to a stabilization of European dairy revenues this year and the launch of new baby food products in China.
NEW DELHI, July 25- Software engineer Sanjay Bhatnagar used to watch a new Bollywood movie every week with his family, but now goes to the cinema once a month as spiraling costs of food and other staples eat into his budget for non-essentials.
LONDON, July 24- Unilever missed second-quarter sales expectations on Thursday, citing a slowdown in emerging markets and declining prices in developed ones. "Overall there's a slowdown in Asia," Chief Financial Officer Jean-Marc Huet told Reuters, citing China and Vietnam in particular.
The pan-European FTSEurofirst 300 slipped 0.2 percent in early trade to 1,372.80 points, with benchmark indexes in France, Germany and the UK down 0.3 to 0.6 percent.
The pan-European FTSEurofirst 300 slipped 0.2 percent in early trade, to 1,372.80 points, with benchmark indexes in France, Germany and the UK down 0.3 to 0.6 percent.