FTSE digs in after gains July 5, 2011 The FTSE started solidly today after breaking the 6,000 barrier yesterday but bleak service sector data cast a shadow across European markets. Growth in the eurozone’s service sector slowed for a third straight month in June — sending negative signals to investors. The UK Markit/CIPS services PMI came in at 53.9 for June, down from [...]
FTSE crashes to lowest level in 11 months on Euro turmoil August 4, 2011 BRITAIN’S top share index tumbled and closed lower for the fifth consecutive trading day yesterday, depressed by global growth concerns and sovereign debt worries ahead of key US jobs data. Inmarsat shares plunged 19.3 per cent, hitting their lowest level in more than two and a half years after the satellite operator abandoned growth forecasts [...]
FTSE crashes to lowest level in 11 months on Euro turmoil August 4, 2011 BRITAIN’S top share index tumbled and closed lower for the fifth consecutive trading day yesterday, depressed by global growth concerns and sovereign debt worries ahead of key US jobs data. Inmarsat shares plunged 19.3 per cent, hitting their lowest level in more than two and a half years after the satellite operator abandoned growth forecasts [...]
Coca-Cola considers a listing in Shanghai June 1, 2011 COCA-COLA, the world’s largest soft-drink company, said yesterday it is holding talks with the Chinese government over a possible listing in Shanghai, joining other global firms in testing the waters for a listing in China. Coca-Cola has said it will commit $2bn (£1.22bn) of investment into China and last October opened three new plants in [...]
Diageo leads raft of China trade deals June 27, 2011 DIAGEO is to become the first spirits firm to take control of a Chinese-listed rival, after a £13m deal was approved yesterday. The deal, which was announced during Chinese Premier Wen Jiabao’s visit to Britain, was given the green light by regulators in a sign that the emerging superpower is becoming more open to foreign [...]
Coca-Cola considers Shanghai listing June 1, 2011 Coca-Cola Co, the world’s largest soft-drink company, said it may explore a possible listing in Shanghai, joining other global firms in testing the waters for a China listing, along with its increasing presence there. Coke has said it will commit $2bn (£1bn) in investment into China and last October opened three new plants in Inner [...]
Trading and profits rise at Shanks May 26, 2011 BRITISH waste management company Shanks yesterday posted a better-than-expected six per cent rise in underlying pre-tax profit, and said it had seen an improvement in the market for its services in recent months. The company, which makes around half its sales in the Netherlands and recently won a contract with Unilever to recycle its waste [...]
Unilever sees sales rise despite tough market conditions November 4, 2010 UNILEVER saw its underlying sales rise by 3.6 per cent in the third quarter – but warned it could raise prices because of rising commodity costs. The Anglo-Dutch consumer giant, whose products include Knorr Soups and Dove soap, was upbeat about the company’s prospects despite consumers tightening their belts. After the announcement yesterday shares in [...]
Danone benefits from price hikes April 14, 2011 FRENCH food group Danone stuck to its full-year goals yesterday despite rising commodity costs and tough economic conditions, after price hikes fuelled stronger-than-expected first-quarter sales. The world’s largest yoghurt maker with brands like Actimel and Activia said business picked up in all divisions, with water and baby food particularly strong and it benefited from its [...]
Unilever is hoping for a good hair day September 27, 2010 Unilever yesterday announced it will buy US hair and skin care specialist Alberto Culver in a deal worth $3.7bn (£2.34bn). The acquisition of the firm behind household names such as V05 and TRESemme marks the single biggest Unilever acquisition in almost a decade. The new brands will complement Unilever’s existing portfolio, which includes Dove, Clear [...]