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Cognac executives, EU officials attend Beijing hearing on brandy dumping

UPDATE 1-Cognac executives, EU officials attend Beijing hearing on brandy dumping Adds background in paragraph 2, details from paragraph 3 LONDON, July 18 (Reuters) - Executives from French cognac companies and European Union officials on Thursday attended a hearing in Beijing related to China's anti-dumping investigation into EU brandy, the French cognac association said in a statement.
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Cognac executives, EU officials attend Beijing hearing on brandy dumping

Cognac executives, EU officials attend Beijing hearing on brandy dumping LONDON, July 18 (Reuters) - Top executives from French cognac companies as well as European Union officials on Thursday attended a hearing in Beijing related to China's anti-dumping investigation into EU brandy, the French cognac association said in a statement. The executives and representatives of industry associations "firmly reiterated the absence of dumping", the Bureau National Interprofessionnel du Cognac's statement
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British Business - July 18

PRESS DIGEST-British Business - July 18 July 18 (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 - CVC, the private equity backer of Six Nations Rugby is weighing up a bid for The Telegraph as the newspaper is put up for sale for a second time in 12 months.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Discover Financial Services, TotalEnergies, Google, Fenerbahce-Kalamis Yacht Marina July 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday: ** Discover Financial Services DFS.N will sell a portfolio of student loans to buyout giants Carlyle CG.O and KKR KKR.N for up to $10.8 billion, the credit card-focused lender said.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions July 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday: ** GitLab GTLB.O , a U.S. provider of cloud-based software development tools whose investors include Google parent Alphabet GOOGL.O , is exploring a sale after attracting acquisition interest, according to people familiar with the matter.
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Pernod Ricard offloads bulk of wine unit to focus on spirits

UPDATE 3-Pernod Ricard offloads bulk of wine unit to focus on spirits Adds analyst comment in paragraphs 11-12; shares in paragraph 15 By Emma Rumney LONDON, July 17 (Reuters) - Pernod Ricard PERP.PA said on Wednesday it agreed to sell the majority of its wine portfolio to the owners of Australia's Accolade Wines, disposing of a dragging division to focus on its core business of spirits.
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch July 17 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. AEROPORTS DE PARIS ADP.PA ADP reported group traffic for June up 7.8% at 33.3 million passengers, while half-year group traffic rose 9.7% to 170.2 million passengers.
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Pernod Ricard to sell chunk of wine portfolio to Accolade Wine owners

Pernod Ricard to sell chunk of wine portfolio to Accolade Wine owners LONDON, July 17 (Reuters) - Pernod Ricard PERP.PA said on Wednesday it agreed to sell the majority of its wine portfolio to the owners of Australia's Accolade Wines, disposing of a dragging division to focus on its core business of spirits. The world's No.2 western spirits maker plans to sell its wine brands from Australia, New Zealand and Spain, including well-known brands like Jacobs Creek, Stoneleigh and Campo Viejo, subjec
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GS cautious on US spirits market; cuts Diageo to 'sell'

BUZZ-GS cautious on US spirits market; cuts Diageo to 'sell' ** U.S. spirits market weakness could continue until 2025, Goldman Sachs says; cuts whisky maker Diageo DGE.L to "sell" from "neutral" ** Diageo's shares slip 0.04% by 0857 GMT ** Broker points to its May/June U.S. spirits wholesalers survey, which show sharp deterioration in the pricing outlook, signs of downtrading, and no sign of volume recovery ** It estimates that the U.S.
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Pernod Ricard USA Says Establishing North American Distillers, A New Brand Company In The US

BRIEF-Pernod Ricard USA Says Establishing North American Distillers, A New Brand Company In The US July 11 (Reuters) - Pernod Ricard SA PERP.PA : PERNOD RICARD USA - ESTABLISHING A NEW BRAND COMPANY IN USA, NORTH AMERICAN DISTILLERS PERNOD RICARD USA - NEW SPECIALIZED BUSINESS WILL BE HELMED BY RICHARD BLACK AS CEO OF NORTH AMERICAN DISTILLERIES So
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Europe's top cognac makers to attend China meeting on anti-dumping probe, source says

UPDATE 2-Europe's top cognac makers to attend China meeting on anti-dumping probe, source says Adds details or quotes from source in paragraphs 3-4, 9, 11-14; BNIC comment in 10 By Emma Rumney LONDON, July 5 (Reuters) - Leading European cognac producers will attend a hearing on China's anti-dumping probe of the industry in Beijing on July 18 - their first chance to defend themselves in person since the investigation began earlier this year, an industry source said.
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Europe's top cognac makers will attend China meeting on anti-dumping probe

Europe's top cognac makers will attend China meeting on anti-dumping probe LONDON, July 5 (Reuters) - Europe's top cognac makers will attend a hearing on July 18 on China's anti-dumping probe of the industry for their first chance to defend themselves in person, an industry source said. Main brands Martell, which is owned by Pernod Ricard PERP.PA , Remy which is part of Remy Cointreau RCOP.PA , and Hennessey, owned by LVMH LVMH.PA , received a summons overnight to attend the hearing, the source
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China unveils next steps in EU brandy probe as EV tariffs take effect

UPDATE 5-China steps up pressure with EU brandy probe hearing as EV tariffs begin French cognac houses to attend meeting in Beijing Some European countries oppose tariffs Intense negotiations expected to continue Adds details on European cognac makers in paragraphs four and five, context in paragraphs 18, 19 By Joe Cash BEIJING, July 5 (Reuters) - China announced the next step in its anti-dumping investigation into European brandy imports on Friday, ramping up tension on the day the European Com
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JPM sees a 'more balanced' H1 for European Staples

BUZZ-JPM sees a 'more balanced' H1 for European Staples ** J.P.Morgan expects a "more balanced" H1 for European staples ** Says risk of challenging demand environment and growth threat from weakening pricing and worse forex market are partially offset by better margin outcome and continued volumes improvement ** Adds H1 may also highlight risks in the U.S.
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Bunzl, Relx, Rolls-Royce

EUROPE RESEARCH ROUNDUP-Bunzl, Relx, Rolls-Royce July 4 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Bunzl, Relx and Rolls-Royce, on Thursday. HIGHLIGHTS * Biomerieux BIOX.PA : Midcap raises to buy from hold * Bunzl BNZL.L : HSBC raises to buy from hold * Hennes & Mauritz HMB.ST : HSBC raises to buy from hold * Relx REL.L : Citigroup raises target price to 3525p from 3300p * Rolls-Royce RR.L : Barclays raises target price to 495p
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Indian whisky maker Allied Blenders up 13% in debut trade

UPDATE 2-Indian whisky maker Allied Blenders up 13% in debut trade Adds fresh analyst comments; updates shares By Kashish Tandon BENGALURU, July 2 (Reuters) - Shares of Allied Blenders and Distillers ALLE.NS rose nearly 13% in debut trade on Tuesday, in line with analysts' expectations for the Indian whisky manufacturer, which makes the 'Officer's Choice' and 'Sterling Reserve' brands of whiskies.
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Indian whisky maker Allied Blenders's IPO attracts bids worth $3 bln

Indian whisky maker Allied Blenders's IPO attracts bids worth $3 bln By Kashish Tandon BENGALURU, June 27 (Reuters) - Indian whisky maker Allied Blenders and Distillers' ALLE.NS $180-million IPO was oversubscribed on Thursday but fell short of the blowout demand for recent issues amid concerns about its growth prospects in an increasingly competitive liquor market.
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Chinese liquor makers endeavour to give Westerners a taste for baijiu

FOCUS-Chinese liquor makers endeavour to give Westerners a taste for baijiu Baijiu, a fiery white spirit, is little known outside of China China's liquor makers look overseas as growth slows at home Producers tweak spirit's taste, plan marketing push in West By Emma Rumney and Casey Hall LONDON/SHANGHAI, June 26 (Reuters) - Makers of the Chinese liquor baijiu are reformulating the fiery grain liquid to appeal to a wider client base, including cocktail drinkers in New York, Los Angeles and London
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India's Allied Blenders and Distillers files for $180 mln IPO

India's Allied Blenders and Distillers files for $180 mln IPO BENGALURU, June 19 (Reuters) - Indian liquor company Allied Blenders and Distillers (ABD) on Wednesday filed for an initial public offering (IPO) to raise up to $180 million, amid intensifying competition in a market dominated by the likes of Diageo DGE.L and Pernod Ricard PERP.PA . ABD, which sells whisky brands such as Officer's Choice and Sterling Reserve in India's estimated $33 billion spirits market, said it would issue new shar
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Remy, Pernod Ricard slip on China tariff worries

BUZZ-Remy, Pernod Ricard slip on China tariff worries ** Shares in French spirits makers Remy Cointreau RCOP.PA and Pernod Ricard PERP.PA slip, with two analysts pointing to a report that Beijing could introduce tariffs on EU-imported brandy as early as August ** Online wine portal Vino-Joy points to an article by Yuyuan Tantian- a social media acc
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