Strong US dollar hurts sales at consumer giant January 27, 2015 THE SURGING strength of the US dollar has taken its toll on Procter and Gamble (P&G) with revenue falling four per cent to $20.2bn (£13.3bn) in the three months ending 31 December, compared to the year before. The decline in revenue saw the company suffer a 31 per cent fall in net earnings to $2.3bn [...]
Private equity firms circle as P&G puts Braun in the window November 23, 2014 A number of Europe’s largest private equity firms are drawing up bids for Braun, amid speculation that parent company Procter & Gamble is looking to sell the German consumer goods brand. Procter & Gamble, the US consumer goods giant, is rumoured to be putting Braun up for the sale in a few months, with a [...]
Warren Buffett’s Berkshire Hathaway buys Duracell for $4.7bn from Proctor and Gamble November 13, 2014 Warren Buffet’s Berkshire Hathaway has bought up Procter and Gamble’s (P&G) bunny-led battery brand Duracell. The investment firm paid $4.7bn (£3bn) in the form of P&G shares returned to the consumer goods giant- its entire stake in the business. P&G, which had been wanting to offload a host of non-core brands to concentrate on its [...]
Upbeat outlook from P&G August 1, 2013 Procter & Gamble forecast a slightly more upbeat 2014 than expected yesterday as chief executive AG Lafley tries to get the world’s largest household products maker back on track without sacrificing profitability. P&G reported lower quarterly earnings but they still topped the company’s muted expectations from April. Core earnings per share fell to 79 cents [...]
P&G outlines further job cuts November 15, 2012 Procter & Gamble (P&G) plans to trim more non-manufacturing jobs through 2016, on top of cutting 10 per cent of that workforce by the end of June, it said yesterday. P&G also said it may increase stock repurchases to $6bn from $4bn, but said such additional buybacks should not have a big impact on earnings [...]
Procter & Gamble cuts forecasts as slower growth in Europe hits June 20, 2012 SLOWER growth in China, Europe and the US prompted Procter & Gamble (P&G) to cut its growth forecasts yesterday. The world’s largest household product maker is expecting lower growth rates as it has cut costs by £6.35bn. Its chief executive, Bob McDonald, said at an investor conference in Paris yesterday, that the company would adjust [...]
Unilever defies gloom with strong growth July 26, 2012 STRONG emerging markets helped consumer goods giant Unilever avoid issuing similar profit warnings to two of its main rivals yesterday, although it did warn of tougher times ahead due to difficult economies and volatile input costs. The maker of brands such as Dove and Knorr is facing tough trading in southern Europe and is seeing [...]
Pursuit shares in freefall after P&G fails to award it contract May 21, 2012 PURSUIT Dynamics saw its shares nosedive yesterday after it announced that it had missed out on a key contract with consumer giant Procter & Gamble. The loss-making technology company had pinned its hopes on P&G buying its technology – aimed at reducing costs for businesses. Pursuit won extra funds from its shareholders in March. It [...]
Pursuit shares in freefall after P&G fails to award it contract May 21, 2012 PURSUIT Dynamics saw its shares nosedive yesterday after it announced that it had missed out on a key contract with consumer giant Procter & Gamble. The loss-making technology company had pinned its hopes on P&G buying its technology – aimed at reducing costs for businesses. Pursuit won extra funds from its shareholders in March. It [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 12, 2012 FINANCIAL TIMES Co-op nears cut-price Lloyds deal The Co-operative Group is close to agreeing final terms with Lloyds Banking Group to buy 630 of its branches in a deal expected to be struck at a steep discount to the previously mooted £1.5bn price tag. But Lloyds, 40 per cent owned by the government, would be [...]