Unilever buoyed by price hikes April 26, 2012 Consumer goods giant Unilever warned of a tough economic environment and higher inputs costs as its price hikes and emerging market growth helped first-quarter sales beat forecasts with a 8.4 per cent rise. The Anglo-Dutch maker of brands like Dove and Knorr is facing slower growth in developed nations while competition from key rivals is [...]
P&G set to cut 5,700 positions February 23, 2012 PROCTER & Gamble plans to cut about 5,700 non-manufacturing jobs as part of a new plan to reduce costs by $10bn by the end of fiscal 2016, chief executive Bob McDonald said yesterday. The world’s largest household products company has about 57,000 non-manufacturing employees among its total workforce of about 129,000. P&G also trimmed earnings [...]
Procter and Gamble profits dive January 27, 2012 Procter & Gamble’s quarterly profit plunged 49 per cent, as the world’s largest household products maker wrote down the value of its appliance and salon professional products businesses. Meanwhile it said this year’s profit would come in lower than previously expected due to the strong dollar. Excluding charges, core earnings per share fell three per [...]
Procter and Gamble profits dive January 27, 2012 Procter & Gamble’s quarterly profit plunged 49 per cent, as the world’s largest household products maker wrote down the value of its appliance and salon professional products businesses. Meanwhile it said this year’s profit would come in lower than previously expected due to the strong dollar. Excluding charges, core earnings per share fell three per [...]
Kellogg’s buys up Pringles for $3bn February 15, 2012 CEREALS giant Kellogg Company moved closer to becoming the largest snacks company in the world yesterday when it agreed to pay $2.7bn (£1.7bn) to buy potato chips maker Pringles. The deal ends months of uncertainty for vendor Procter & Gamble as a planned sale to popcorn maker Diamond Foods finally fell through amid a scandal [...]
FTSE extends gains as talk of takeovers boosts the market July 5, 2011 THE FTSE 100 rose for an eighth straight trading day yesterday, as earnings hopes lifted Tullow Oil and bid talk boosted Reckitt Benckiser. Tullow, up 3.8 per cent, said it expected to post record first-half revenues as it ramped up output in Ghana and also said it was a few weeks away from completing a [...]
P&G remains in line as quarterly earnings decline October 27, 2011 PROCTER & Gamble posted a slight dip in quarterly profit that was in line with expectations yesterday, as the world’s largest household products maker raised prices and notched sales gains in each unit. The maker of Pampers nappies and Tide detergent earned $3.02bn (£1.87bn), or $1.03 per share, in the quarter ended on 30 September, [...]
Giving ninety per cent of its tickets away is P&G’s winning 2012 strategy October 5, 2011 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 295 DAYS TO GO Irwin Lee explains why being the Proud Sponsor of Mums makes business sense for Procter & Gamble Q.WHAT WAS YOUR BRAND’S PRIMARY REASON FOR BEING INVOLVED WITH THE GAMES? A.Our first involvement with the Olympics came in Vancouver with the 2010 Winter Games. We [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 25, 2011 FINANCIAL TIMES US TAX AUTHORITIES TARGET BANK DEALS US tax authorities are targeting cross-border finance deals worth billions of dollars between leading US and UK banks as they step up efforts to clamp down on abusive tax avoidance, a joint investigation by the Financial Times and ProPublica has found. Four US banks – BB&T, Bank [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 25, 2011 FINANCIAL TIMES US TAX AUTHORITIES TARGET BANK DEALS US tax authorities are targeting cross-border finance deals worth billions of dollars between leading US and UK banks as they step up efforts to clamp down on abusive tax avoidance, a joint investigation by the Financial Times and ProPublica has found. Four US banks – BB&T, Bank [...]