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Reuters - 1 day ago

NY cocoa futures hit 46-year peak, raw sugar falls

SOFTS-NY cocoa futures hit 46-year peak, raw sugar falls Adds comments and closing prices NEW YORK, Nov 29 (Reuters) - New York cocoa futures rose to a 46-year high on Tuesday as a generally weak dollar added to persistent concerns over supply, while raw sugar fell. COCOA * March New York cocoa CCc2 ​​settled up $72, or 1.7%, to $4,273 a metric ton after touching a 46-year high of $4,287, which was also a contract high.
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Reuters - 1 day ago

Nestle to invest $1.2 bln in Brazil by 2025

Nestle to invest $1.2 bln in Brazil by 2025 SAO PAULO, Nov 29 (Reuters) - Nestle NESN.S said on Wednesday it will invest about 6 billion reais ($1.23 billion) in Brazil by the end of 2025 as it aims to grow its business and expand manufacturing capacity in the country, currently its third-largest market. The investment will include building a new Purina plant in southern Brazil and launching a new KitKat production line at the Cacapava plant, said Nestle, which recently announced a deal to buy a
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Reuters - 2 days ago

JPM sees further earnings normalisation in 2024 for European consumer staples

BUZZ-JPM sees further earnings normalisation in 2024 for European consumer staples ** J.P.Morgan sees European consumer staples on course for further normalisation of financial performance into 2024 seeing the sector's defensive and compounding EPS growth as appealing ** It expects the sector to deliver about 8% EPS growth in 2024 with strong diver
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Reuters - 2 days ago

UK regulator to review supermarket loyalty scheme prices

UPDATE 5-UK regulator to review supermarket loyalty scheme prices CMA to launch review of loyalty scheme prices in January Tesco and Sainsbury's schemes have proved successful CMA says competition effective in supply of most groceries Regulator to further examine baby formula market Adds Nestle comment in paragraphs 19 and 20 By James Davey LONDON, Nov 29 (Reuters) - Britain's antitrust regulator is launching a review of loyalty scheme pricing by supermarkets, such as Tesco's TSCO.L Clubcard and
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Reuters - 2 days ago

Adevinta ASA, Anglo American, BMW

EUROPE RESEARCH ROUNDUP-Adevinta ASA, Anglo American, BMW Nov 29 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Adevinta ASA, Anglo American, and BMW, on Wednesday. HIGHLIGHTS * Adevinta ASA ADEA.OL : Jefferies cuts to hold from buy * Anglo American AAL.L : Berenberg cuts target price to 2200p from 2500p * Aviva Plc AV.L : Deutsche Bank cuts to hold from buy * BMW BMWG.DE : JP Morgan raises to overweight from neutral * Direct Line
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