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France's Danone cuts out Brazilian soy ahead of tough new EU rules

EXCLUSIVE-France's Danone cuts out Brazilian soy ahead of tough new EU rules Danone has stopped sourcing soy from Brazil, says CFO Danone pivots to soy from countries in Asia Switch comes ahead of tough new EU rules and fines Company had been using Brazilian soy for animal feed By Richa Naidu LONDON, Oct 25 (Reuters) - French dairy giant Danone DANO.PA has stopped sourcing soy from Brazil and now buys from countries in Asia, its finance chief told Reuters, ahead of a European Union rule requirin
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India's ITC misses profit estimates on higher costs, subdued demand

UPDATE 2-India's ITC misses profit estimates on higher costs, subdued demand Adds ITC comment, background Oct 24 (Reuters) - Indian tobacco-to-hotels conglomerate ITC ITC.NS missed second-quarter profit estimates on Thursday, hit by higher costs of raw materials and a broader slowdown in d emand for consumer goods . Consumers in the world's most populous country, particularly in urban areas , have been cutting back on spending due to rising prices of essentials , including food, squeezing bottom
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Global food giants deepen price cuts to tempt China's wary shoppers

Global food giants deepen price cuts to tempt China's wary shoppers China's shoppers shift towards locally-made products Market is expected to remain weak Demand for infant health foods resilient By Richa Naidu LONDON, Oct 24 (Reuters) - International companies such as Danone DANO.PA and Nestle NESN.S have deepened price cuts or are seeking to boost online shopping volumes to win over China's increasingly reluctant customers, executives said.
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Danone’s yogurt bounty can spur M&A spree

BREAKINGVIEWS-Danone’s yogurt bounty can spur M&A spree The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Jennifer Johnson LONDON, Oct 24 (Reuters Breakingviews) - Danone DANO.PA has found a rare, sweet spot for consumer goods groups. The $47 billion dairy specialist is consistently hitting its sales targets and maintaining volumes, unlike rival Nestlé NESN.S .
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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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Hindustan Unilever falls after profit miss, analysts flag more demand woes

UPDATE 1-Hindustan Unilever falls after profit miss, analysts flag more demand woes Adds analyst comment in paragraphs 4 and 6, background in paragraphs 5 and 9 Oct 24 (Reuters) - Shares in Hindustan Unilever HLL.NS fell 7 % on Thursday, tracking their worst day in nine months, after reporting quarterly earnings below estimates due to an urban slowdown, w ith analysts expecting the pain to continue in the near term .
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France's Danone keeps 2024 goals as Q3 sales beat forecasts

UPDATE 2-France's Danone keeps 2024 goals as Q3 sales beat forecasts Q3 l-f-l sales up 4.2% vs est. 3.9% growth Keeps 2024 forecast for 3%-5% l-f-l sales growth Sales beat driven by stronger-than-expected volumes Adds CFO comment, analyst comment By Dominique Vidalon PARIS, Oct 24 (Reuters) - French food group Danone DANO.PA beat third-quarter sales expectations on Thursday, boosted by higher sales volumes as price hikes slowed, and reflecting strong demand in North America for high-protein prod
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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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Unilever's India unit misses profit view as higher costs, urban slowdown weigh

UPDATE 2-Unilever's India unit misses profit view as higher costs, urban slowdown weigh Adds CFO comment in paragraphs 3 and 5, details on ice cream business in paragraphs 10 and 11 Oct 23 (Reuters) - Hindustan Unilever HLL.NS , the Indian unit of UK's Unilever ULVR.L , reported a smaller-than-expected quarterly profit on Wednesday as the consumer goods maker incurred higher expenses amid a slowdown in urban markets.
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More US firms lean on retired, veteran leaders to steady ship in choppy economy

RPT-More US firms lean on retired, veteran leaders to steady ship in choppy economy Repeats Oct. 22 story with no changes to text, headline By Shivansh Tiwary and Aishwarya Venugopal Oct 22 (Reuters) - CVS Health CVS.N last week named as CEO a tried-and-tested company veteran, the latest in a handful of firms this year that have turned to an experienced executive to take the helm, hoping to quell investor concerns amid economic uncertainty.
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India's Hindustan Unilever flat ahead of Q2 results

BUZZ-PREVIEW-India's Hindustan Unilever flat ahead of Q2 results ** Shares of consumer goods maker Hindustan Unilever HLL.NS trade flat ahead of quarterly results ** Stock had declined as much as 2.6% in early trading ** Analysts, on average, expect HLL's profit to fall 1% Y/Y, according to data compiled by LSEG ** However, revenue seen rising 2.7%
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More US firms lean on retired, veteran leaders to steady ship in choppy economy

RPT-More US firms lean on retired, veteran leaders to steady ship in choppy economy Repeats to add link to Factbox. No changes to text, headline By Shivansh Tiwary and Aishwarya Venugopal Oct 22 (Reuters) - CVS Health CVS.N last week named as CEO a tried-and-tested company veteran, the latest in a handful of firms this year that have turned to an experienced executive to take the helm, hoping to quell investor concerns amid economic uncertainty.
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More US firms lean on retired, veteran leaders to steady ship in choppy economy

More US firms lean on retired, veteran leaders to steady ship in choppy economy By Shivansh Tiwary and Aishwarya Venugopal Oct 22 (Reuters) - CVS Health CVS.N last week named as CEO a tried-and-tested company veteran, the latest in a handful of firms this year that have turned to an experienced executive to take the helm, hoping to quell investor concerns amid economic uncertainty.
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Big companies that brought back industry veterans to helm

FACTBOX-Big companies that brought back industry veterans to helm Recasts paragraph 1,changes media packaging code Oct 22 (Reuters) - Major companies, including CVS Health and Nike, are overhauling top leadership and hiring back company or industry veterans as CEOs, hoping to quell growing investor concerns about company performance. Here is a list of some executives who were called back to top roles in the recent past: CVS HEALTH CVS.N - DAVID JOYNER CVS Health replaced CEO Karen Lynch with Dav
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Basler AG, Greatland Gold, Sandvik AB

EUROPE RESEARCH ROUNDUP-Basler AG, Greatland Gold, Sandvik AB Oct 22 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Basler AG, Greatland Gold and Sandvik AB, on Tuesday. HIGHLIGHTS * Autoneum Holding AG AUTON.S : UBS raises PT to CHF 170 from CHF 160 * Azelis NV AZE.BR : HSBC raises to buy from hold * Basler AG BSLG.DE : Jefferies cuts to hold from buy * Greatland Gold Plc GGPL.L : Berenberg cuts to hold from buy * Sandvik AB SAND
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Nestle CEO Freixe's turnaround plan faces challenge from weak consumer

RPT-ANALYSIS-Nestle CEO Freixe's turnaround plan faces challenge from weak consumer Repeats story that ran on Friday, with no changes Nestle has struggled with several quarters of weak sales volumes New CEO Freixe to restructure and sharpen focus on top brands Investors acknowledge challenges, but are encouraged by Freixe's plans By Richa Naidu LONDON, Oct 18 (Reuters) - Nestle's plans under new CEO Laurent Freixe to restructure and sharpen its focus on its top brands were welcomed by investors,
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Indian retail group seeks antitrust probe of quick commerce companies Swiggy, Blinkit, Zepto

RPT-Indian retail group seeks antitrust probe of quick commerce companies Swiggy, Blinkit, Zepto Repeats story filed on Oct. 20 without changes Quick commerce sales expected to exceed $6 billion this year CCI can launch an investigation if finds complaint has merit Quick commerce firms have not responded to request for comment By Aditya Kalra NEW DELHI, Oct 20 (Reuters) - India's biggest group of retail distributors has asked the antitrust authority to investigate three quick commerce companies
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Indian retail group seeks antitrust probe of quick commerce companies Swiggy, Blinkit, Zepto

RPT-Indian retail group seeks antitrust probe of quick commerce companies Swiggy, Blinkit, Zepto Repeats story filed on Oct. 20 without changes Quick commerce sales expected to exceed $6 billion this year CCI can launch an investigation if finds complaint has merit Quick commerce firms have not responded to request for comment By Aditya Kalra NEW DELHI, Oct 20 (Reuters) - India's biggest group of retail distributors has asked the antitrust authority to investigate three quick commerce companies
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Indian retail group seeks antitrust probe of quick commerce companies Swiggy, Blinkit, Zepto

Indian retail group seeks antitrust probe of quick commerce companies Swiggy, Blinkit, Zepto Quick commerce sales expected to exceed $6 billion this year CCI can launch an investigation if finds complaint has merit Quick commerce firms have not responded to request for comment By Aditya Kalra NEW DELHI, Oct 20 (Reuters) - India's biggest group of retail distributors has asked the antitrust authority to investigate three quick commerce companies - Zomato's ZOMT.NS Blinkit, Swiggy and Zepto - for
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Nestle CEO Freixe's turnaround plan faces challenge from weak consumer

ANALYSIS-Nestle CEO Freixe's turnaround plan faces challenge from weak consumer Nestle has struggled with several quarters of weak sales volumes New CEO Freixe to restructure and sharpen focus on top brands Investors acknowledge challenges, but are encouraged by Freixe's plans By Richa Naidu LONDON, Oct 18 (Reuters) - Nestle's plans under new CEO Laurent Freixe to restructure and sharpen its focus on its top brands were welcomed by investors, but executing a turnaround strategy against a backdro
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