Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Kudlow pointed to strong retail sales and low unemployment as signs that the U.S. economy remained strong.Marketsread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Coinbase security chief Philip Martin explains, "Possession of a key is possession of your currency. What that means is that you can't revoke a cryptocurrency key, if that key...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
The Supreme Court could strike down the constitutionality of the Consumer Financial Protection Bureau, an agency Elizabeth Warren has likened to her child and which Justice...2020 Electionsread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
(Adds outlook CEO quote, context)
Aug 8 (Reuters) - German maker of scents and flavours Symrise beat first-half core profit margin expectations on Thursday, saying that acquisitions and partnerships with producers helped offset the impact of rising raw material prices.
Earnings before interest, tax, depreciation and amortization (EBITDA) margin in the first six months of 2019 rose to 20.8% from 20.1% a year ago, above a company-provided consensus forecast of 20.5%.
Symrise, which counts Unilever, P&G and Colgate-Palmolive among its clients expects for the full year normalized EBITDA margin to be around 21%.
"We are looking ahead to the coming months with confidence, even if the economic prospects are slowing down in some regions of the world," chief executive Heinz-Jürgen Bertram said in a statement, while confirming the company's target of an annual organic sales growth of 5% to 7% and an EBITDA margin between 20% and 23% until the end of 2025.
The producer of ingredients, such as artificial mint flavor for toothpaste or chewing gum said half-year sales rose 7.4% to 1.69 billion euros ($1.89 billion), a touch below a consensus forecast of 1.70 billion euros.
Even as the global economy cools, Symrise and its rivals have been benefiting from strong demand from sectors such as consumer staples, resilient to cyclical swings thanks to population growth, urbanization and increasing prosperity in emerging markets.
Regulators around the world have been limiting the use of some chemicals to protect the environment, workers and consumers, which is driving up the costs of synthetic and natural alternatives. Prices of the latter are also buoyed by rising consumer demand for healthier, renewable options. ($1 = 0.8923 euros) (Reporting by Silvia Recchimuzzi in Gdynia Editing by Tomasz Janowski)