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Reuters - 1 linggo ang nakaraan

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 - 1 linggo ang nakaraan

Mondelez International gains on RBC's upgrade to 'outperform'

BUZZ-Mondelez International gains on RBC's upgrade to 'outperform' ** Shares of Toblerone-maker Mondelez International MDLZ.O gain 1.2% to $72.50 premarket after RBC Capital Markets upgrades to "outperform" from "sector perform" ** RBC says co has "consistently delivered" on earnings and volume growth in FY23, since brokerage's downgrade in early F
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Reuters - 2 linggo ang nakaraan

X may lose up to $75 mln by year-end on advertiser exodus - NYT

X may lose up to $75 mln by year-end on advertiser exodus - NYT Nov 24 (Reuters) - Elon Musk-owned social media company X could lose as much as $75 million in advertising revenue by the end of the year as dozens of major brands pause their marketing campaigns, the New York Times reported on Friday. Musk backing an antisemitic post on the platform last week has led several companies including Walt Disney DIS.N and Warner Bros Discovery WBD.O to pause their advertisements on the site formerly call
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Reuters - 2 linggo ang nakaraan

Boycott campaigns over Gaza war hit Western brands in some Arab countries

RPT-UPDATE 1-Boycott campaigns over Gaza war hit Western brands in some Arab countries Repeats story first published on Wednesday, text unchanged Some fast food chain outlets largely deserted Protests reflect groundswell of anger over Gaza Targeted brands refute "disinformation", rumours By Farah Saafan and Suleiman Al-Khalidi CAIRO, Nov 22 (Reuters) - On a recent evening in Cairo, a worker cleaned tables in an empty McDonald's restaurant.
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Reuters - 2 linggo ang nakaraan

Boycott campaigns over Gaza war hit Western brands in some Arab countries

UPDATE 1-Boycott campaigns over Gaza war hit Western brands in some Arab countries Some fast food chain outlets largely deserted Protests reflect groundswell of anger over Gaza Targeted brands refute "disinformation", rumours Updates with Starbucks response in paragraph 13 By Farah Saafan and Suleiman Al-Khalidi CAIRO, Nov 22 (Reuters) - On a recent evening in Cairo, a worker cleaned tables in an empty McDonald's restaurant.
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Reuters - 2 linggo ang nakaraan

Boycott campaigns over Gaza war hit Western brands in some Arab countries

Boycott campaigns over Gaza war hit Western brands in some Arab countries Some fast food chain outlets largely deserted Protests reflect groundswell of anger over Gaza Targeted brands refute "disinformation", rumours By Farah Saafan and Suleiman Al-Khalidi CAIRO, Nov 22 (Reuters) - Midway through a recent evening in Cairo, a worker cleaned tables in an empty McDonald's restaurant.
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Reuters - 2 linggo ang nakaraan

Branding’s corporate titans face moment of truth

BREAKINGVIEWS-Branding’s corporate titans face moment of truth The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan LONDON, Nov 22 (Reuters Breakingviews) - Consumer goods titans have a branding problem. The likes of $296 billion Nestlé NESN.S , $41 billion Kraft Heinz KHC.O , $118 billion Unilever ULVR.L and $42 billion Danone DANO.PA are seeing sales volumes decline for the first time this century.
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Reuters - 3 linggo ang nakaraan

German cartel office opens probe into Coca-Cola over pricing practices

UPDATE 1-German cartel office opens probe into Coca-Cola over pricing practices Adds response from Coca-Cola Nov 14 (Reuters) - The German cartel office said on Tuesday it had opened an investigation into Coca-Cola Europacific Partners Deutschland over its pricing practices in the country. There were indications that Coca -Cola had possibly restricted the opportunities of o ther companies to compete due to the structure of terms offered to German retailers, in particular the rebate structure, Ca
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Reuters - 3 linggo ang nakaraan

German cartel office opens probe into Coca-Cola over pricing practices

German cartel office opens probe into Coca-Cola over pricing practices Nov 14 (Reuters) - The German cartel office said on Tuesday it opened an investigation into Coca-Cola Europacific Partners Deutschland over pricing practices in the country. "There are indications that Coca-Cola could competitively hinder other companies through the design of its conditions towards German food retailers, in particular the discount structure," Andreas Mundt, president of the cartel office, said in a statement.
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Reuters - 3 linggo ang nakaraan

Corporate America weighs business impact of new weight-loss drugs

FACTBOX-Corporate America weighs business impact of new weight-loss drugs Adds details on Wegovy's cardiovascular data in paragraph 3 Nov 8 (Reuters) - U.S. companies across sectors such as food and beverage makers and manufacturers of glucose monitors are facing investor questions over the risk to future sales from the growing popularity of promising weight-loss treatments.
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Reuters - 4 linggo ang nakaraan

Croatia clears all Coca Cola products of safety concerns

Croatia clears all Coca Cola products of safety concerns SARAJEVO, Nov 9 (Reuters) - Croatia's state inspection office on Thursday said an analysis of Coca Cola soft drinks consumed by individuals who subsequently reported health problems has shown they were safe. The Croatian authorities earlier this week banned the sale of some Coca Cola-branded beverages and a batch of Romerquelle Emotion Blueberry Pomegranate drink after a series of reported health incidents related to their consumption.
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Reuters - 4 linggo ang nakaraan

The Coca-Cola Company Comments On Tax Court Decision

BRIEF-The Coca-Cola Company Comments On Tax Court Decision Nov 9 (Reuters) - Coca-Cola Co KO.N : THE COCA-COLA COMPANY COMMENTS ON TAX COURT DECISION Source text for Eikon: ID:nBwXVYv4a Further company coverage: KO.N
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Reuters - 4 linggo ang nakaraan

Coca Cola HBC withdraws some drinks in Croatia while illnesses investigated

UPDATE 1-Coca Cola HBC withdraws some drinks in Croatia while illnesses investigated Updates with statements from Coca Cola HBC and the state inspectorate, and latest comments from the health minister ZAGREB, Nov 8 (Reuters) - Coca Cola HBC said on Wednesday it was temporarily withdrawing batches of two soft drinks from sale in Croatia while the authorities there investigate cases of illness suspected to have been caused by the beverages.
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Reuters - 4 linggo ang nakaraan

Corporate America weighs business impact of new weight-loss drugs

FACTBOX-Corporate America weighs business impact of new weight-loss drugs Adds details on Lilly's Zepbound in paragraph 3, comments from Resmed and Dexcom Nov 8 (Reuters) - U.S. companies across sectors such as food and beverage makers and manufacturers of glucose monitors are facing investor questions over the risk to future sales from the growing popularity of promising weight-loss treatments.
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Reuters - 4 linggo ang nakaraan

Coca Cola HBC withdraws some drinks in Croatia while illnesses investigated

Coca Cola HBC withdraws some drinks in Croatia while illnesses investigated ZAGREB, Nov 8 (Reuters) - Croatia's state inspection office on Wednesday ordered the local arm of bottling company Coca Cola HBC to withdraw batches of two soft drinks from sale while investigations are carried out into cases of illness suspected to have been caused by the drinks.
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Reuters - 4 linggo ang nakaraan

Teva Pharm says Israel-Hamas war not hurting production

UPDATE 3-Teva says Israel-Hamas war not hurting production, eyes growth in 2024 Nearly 10% of Teva staff in Israel called to reserve duty Q3 EPS $0.60 vs $0.59 yr earlier Q3 revenue up 7% to $3.9 billion Raises 2023 revenue estimate to $15.1-$15.5 billion Net debt falls below $18 billion Adds CEO comments in paragraphs 5,6,15 By Steven Scheer JERUSALEM, Nov 8 (Reuters) - Israel-based Teva Pharmaceutical Industries TEVA.TA , the world's largest maker of generic drugs, said on Wednesday production
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Reuters - 4 linggo ang nakaraan

Under Armour's robust margin forecast blurs weak North America

UPDATE 4-Under Armour's robust margin forecast blurs weak North America Adds executive comment in paragraph 6 and updates shares in paragraph 2 By Aatrayee Chatterjee and Ananya Mariam Rajesh Nov 8 (Reuters) - Under Armour UAA.N on Wednesday raised its annual gross margin expectations as the sportswear maker benefits from abating cost pressures even as it struggles with tepid demand in its biggest market of North America.
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Reuters - 4 linggo ang nakaraan

British Business - Nov. 8

PRESS DIGEST-British Business - Nov. 8 Nov 8 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times PwC, the Big Four accountancy group, will let go off consultants in the UK because not enough people are resigning, impacting at least 500 roles.
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Reuters - 4 linggo ang nakaraan

Bottled drink firms' green claims mislead - Europe consumer groups

UPDATE 1-Bottled drink firms' green claims mislead - Europe consumer groups Adds comments from industry groups in paragraphs 9 and 10, and from Nestle and European Commission in final two paragraphs. By Philip Blenkinsop and Richa Naidu BRUSSELS, Nov 7 (Reuters) - Bottled water producers such as Coca-Cola KO.N , Danone DANO.PA and Nestle NESN.S are making misleading claims about the green credentials of their plastic packaging, 13 European consumer groups and umbrella federation BEUC said on Tue
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Reuters - 4 linggo ang nakaraan

Turkish parliament dumps Coke, Nestle from menus over alleged Israel support

UPDATE 1-Turkish parliament dumps Coke, Nestle from menus over alleged Israel support Adds another quote from parliament in paragraph 4, context in paragraphs 6-10 ANKARA, Nov 7 (Reuters) - Turkey's parliament removed Coca-Cola KO.N and Nestle NESN.S products from its restaurants on Tuesday over their alleged support for Israel amid the conflict in Gaza, according to an official statement and a source who named the two companies.
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