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Unilever and Danone win back shoppers as price hikes slow

WRAPUP 2-Unilever and Danone win back shoppers as price hikes slow Adds detail in paragraphs 11 and 13; adds CFO comment in paragraph 14 Unilever, Danone beat third-quarter sales estimates Companies slow price hikes sharply and volumes spike Both firms maintain 2024 sales outlooks By Richa Naidu and Dominique Vidalon LONDON/PARIS, Oct 24 (Reuters) - Consumer goods groups Unilever ULVR.L and Danone DANO.PA beat third-quarter sales estimates on Thursday as they slowed price hikes and invested in i
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French and Benelux stocks-Factors to watch

UPDATE 1-French and Benelux stocks-Factors to watch Adds Atos, Danone, Dassault, Eramet, Hermes, Orange and Renault Oct 24 (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. A TOS ATOS.PA : The struggling French IT firm reported a 4.4% organic drop in third-quarter revenue on Thursday, blaming softer market conditions, but said it had seen an improved order entry for the next quarter.
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch Oct 24 (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. BIC BICP.PA : French pencil manufacturer Bic has upgraded its margin outlook amidst Q3 results CARREFOUR CARR.PA : Europe's largest food retailer maintained its 2024 financial goals.
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Carrefour still aims to stabilise or grow profitability in France in 2024-CFO

BRIEF-Carrefour still aims to stabilise or grow profitability in France in 2024-CFO Oct 23 (Reuters) - Carrefour SA CARR.PA CFO Matthieu Malige tells analysts in a call: WE CONFIRM OUR AMBITION TO STABILIZE OR GROW PROFITABILITY IN FRANCE OVER THE YEAR CFO: HINGS PROGRESSED AS PLANNED AT COST SAVINGS LEVEL IN Q3 Source text for Eikon: [ID:] Further
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Carrefour sees consumer confidence improving as price cuts boost sales

UPDATE 2-Carrefour sees consumer confidence improving as price cuts boost sales Adds details on price cuts in paragraph 6, French tax increase in paragraphs 10 and 11 By Dominique Vidalon and Helen Reid PARIS, Oct 23 (Reuters) - Carrefour CARR.PA , Europe's largest food retailer, said on Wednesday that shoppers are buying more organic and branded products, in a sign of stronger consumer confidence helping its sales improve in the third quarter.
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Carrefour keeps 2024 goals as France, Europe improves in Q3

Carrefour keeps 2024 goals as France, Europe improves in Q3 PARIS, Oct 23 (Reuters) - Carrefour CARR.PA , Europe's largest food retailer, said on Wednesday that it looked to the end of the year with confidence and it kept its 2024 financial goals intact after sales improved in France and Europe in the third quarter. Third quarter group sales reached 23.983 billion euros ($25.85 billion), marking like-for-like annual growth of 8.8%, which was in line with market expectations for 8.6% growth.
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Unilever's pricing shift may have attracted shoppers in third quarter

PREVIEW-Unilever's pricing shift may have attracted shoppers in third quarter By Richa Naidu LONDON, Oct 23 (Reuters) - Investors are looking to Unilever's ULVR.L third-quarter results on Thursday to see if the consumer goods group has started to claw back some market share lost to cheaper rivals as it seeks to balance sales volumes and margins. The packaged food industry, including Unilever, had to raise prices to cope with cost increases during the pandemic, while grain and energy became more
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch Oct 23 (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. CARREFOUR CARR.PA : Food retailer Carrefour Brasil CRFB3.SA has agreed to sell 15 properties to a real estate fund for 725 million reais ($127.4 million), it said on Tuesday .
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Brazil's Carrefour sells off 15 Atacadao sites for $127 million

UPDATE 2-Brazil's Carrefour sells off 15 Atacadao sites for $127 million Recasts to add Carrefour Brasil property transaction and sales report SAO PAULO, Oct 22 (Reuters) - Food retailer Carrefour Brasil CRFB3.SA has agreed to sell 15 properties to a real estate fund for 725 million reais ($127.4 million), it said on Tuesday. The Brazilian unit of French retailer Carrefour CARR.PA will then lease back the properties from the fund, Guardian Real Estate, for at least 13 years so they remain as sto
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Brazil's Carrefour in talks to sell 65 stores, local media says

Brazil's Carrefour in talks to sell 65 stores, local media says SAO PAULO, Oct 22 (Reuters) - Food retailer Carrefour Brasil CRFB3.SA is in talks to sell a total of 65 stores from its Bom Preco and Nacional brands, Valor Economico newspaper reported on Tuesday, citing sources familiar with the matter. The Brazilian unit of French retailer Carrefour CARR.PA hired bank Bradesco BBI to advise on the talks, Valor said.
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Retailer Carrefour reviewing work practices at Saudi partner after Amnesty raises concerns

UPDATE 2-Retailer Carrefour reviewing work practices at Saudi partner after Amnesty raises concerns Amnesty: some Carrefour migrant staff in Saudi Arabia mistreated Carrefour: reviewing operations at franchise Majid Al Futtaim Some were migrant workers from Nepal, India, Pakistan Updates with Saudi comment PARIS, Oct 21 (Reuters) - French supermarket retailer Carrefour CARR.PA said on Monday it is reviewing how staff are treated at Majid Al Futtaim (MAF), its Saudi Arabia franchise partner, afte
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ArcelorMittal, Barratt Redrow, Croda

EUROPE RESEARCH ROUNDUP-ArcelorMittal, Barratt Redrow, Croda Oct 11 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including ArcelorMittal , Barratt Redrow and Croda on Friday. HIGHLIGHTS * ArcelorMittal SA MT.AS : JP Morgan cuts to neutral from overweight * Barratt Redrow Plc BTRW.L : Citigroup cuts target price to 600p from 615p * Croda CRDA.L : JP Morgan cuts target price to 3875p from 4200p * Jet2 Plc JET2.L : Morgan Stanley raises targe
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Unilever overhauling European homecare supply chain, executive says

EXCLUSIVE-Unilever overhauling European homecare supply chain, executive says By Richa Naidu LONDON, Oct 7 (Reuters) - Unilever ULVR.L is spending over 150 million euros ($165 million) to revamp its European homecare business' supply chain, a senior executive told Reuters, aiming to make up for years of underperformance and tap into young, post-pandemic shoppers.
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Individual Investor bulls rein in their horns - AAII

LIVE MARKETS-Individual Investor bulls rein in their horns - AAII Main U.S. indexes green, but off highs; banks, small caps outperform Energy, Financials lead S&P sector gainers; real estate weakest group Euro STOXX 600 index closes up ~0.4% Dollar advances; crude, bitcoin both up >1.5%; gold slips U.S. 10-Year Treasury yield jumps to ~3.96% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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Deforestation U-turn takes EU down a risky road

BREAKINGVIEWS-Deforestation U-turn takes EU down a risky road The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Afiq Fitri Alias LONDON, Oct 3 (Reuters Breakingviews) - Europe’s latest efforts to green its supply chains have hit a roadblock. The European Commission on Wednesday proposed a one-year delay to the European Union Deforestation Regulation (EUDR), which was supposed to be implemented in December.
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UK supermarket Morrisons' sales growth slows in 'softer' market

UPDATE 2-UK supermarket Morrisons' sales growth slows in 'softer' market Q3 underlying sales up 2.9% Growth was 4.1% in previous quarter CEO says group made 'good headway' in quarter Industry data shows underperformance vs Tesco, Sainsbury's Adds detail in paragraphs 2-3 and 8-13 By James Davey LONDON, Sept 26 (Reuters) - British supermarket group Morrisons' underlying sales growth slowed in its third quarter, reflecting what its new boss said was a "noticeably softer" market.
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U.S. stocks weekly: Super-sized

RPT-BUZZ-U.S. stocks weekly: Super-sized Repeats from Friday with no changes to text. Updates chart ** S&P 500 .SPX advances second straight week, adds 1.4% amid super-sized Fed rate cut euphoria .N ** Dow .DJI , SPX score new highs, though there are orbs of influence out there ** And for the Nasdaq composite .IXIC , still down ~4% from its record highs, once again, it's make-or-break for breadth , in what has been a land of confusion ** Most sectors go big: Energy and Communication Services pac
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23andMe deal should never be cloned

BREAKINGVIEWS-23andMe deal should never be cloned The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Robert Cyran NEW YORK, Sept 20 (Reuters Breakingviews) - The double helix that was 23andMe’s ME.O board of directors and company’s founder Anne Wojcicki unraveled on Tuesday. The entire committee, save Wojcicki, resigned in frustration over her stalled takeover bid.
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Banner week as S&P 500 strives for its highs

LIVE MARKETS-Banner week as S&P 500 strives for its highs Main U.S. indexes end higher; Dow out front, up ~0.7% All S&P 500 sectors green; Utilities lead Dollar ~flat; crude up; gold up ~1%; bitcoin up >2% U.S. 10-Year Treasury yield dips to ~3.66% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com BANNER WEEK AS S&P 500 STRIVES FOR ITS HIGHS Wall Street's main indexes rose on Frida
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Will it be 50 or 25? Either way it should be ok

LIVE MARKETS-Will it be 50 or 25? Either way it should be ok Main U.S. indexes rally; Dow out front, up ~0.8% All S&P 500 sectors green; Utilities, Materials lead Dollar slips; crude ~flat; gold up ~1%; bitcoin up >2% U.S. 10-Year Treasury yield dips to ~3.65% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com WILL IT BE 50 OR 25? EITHER WAY IT SHOULD BE OK U.S.
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