|Bid||4,614.00 x 0|
|Ask||4,614.50 x 0|
|Day's range||4,583.50 - 4,697.78|
|52-week range||3,905.00 - 5,333.00|
|Beta (3Y monthly)||0.40|
|PE ratio (TTM)||18.25|
|Earnings date||30 Jan 2020|
|Forward dividend & yield||1.43 (3.06%)|
|1y target est||45.13|
Burger King on Monday rolled out a meat-free version of its Whopper burger in 25 European countries, using patties made by Unilever Plc to strengthen its foothold in the exploding market for plant-based food served in restaurant chains. Heightened concerns about health and the environmental impact of industrial animal farming are pushing plant-based proteins into restaurant menus and chilled meat aisles in stores. Companies from Beyond Meat Inc to Impossible Foods Inc are competing fiercely for deals with fast-food makers, as plant-based mania spreads across Europe and the United States.
In a complaint filed last week, James Ehlers said Ben & Jerry's "breached consumer trust" by representing that the milk and cream were sourced from cows on Vermont dairies that participate in its "Caring Dairy" program. Ehlers said less than half the milk and cream actually came from "happy cows," with the rest coming from "factory-style, mass-production" dairy operations. The proposed class action filed on Oct. 29 in the federal court in Burlington, Vermont seeks damages for ice cream purchasers nationwide and in Vermont, and to stop Ben & Jerry's from claiming its milk and cream came from "happy cows" on "Caring Dairy" farms.
Stockopedia’s own data points to a jarringly simple stock market truth amidst the daily whirlwind of financial data: share prices that have gone up tend to kee8230;
London's FTSE 100 edged up on Wednesday, adding to a 2% gain over the past three sessions, as investors waited for news on U.S.-China trade talks before making further bets, while mall operator Intu dropped on signs it may seek to sell more shares. The FTSE 100, which had been holding at a near one-month high this week, rose 0.1%, while the FTSE 250 dipped 0.4% as the pound weakened slightly ahead of a Bank of England's interest rate decision on Thursday.
Barry Callebaut, which makes chocolate and cocoa products for firms like Nestle and Unilever, stuck to a sales volume growth target of 4-6% over the next three years, counting on new outsourcing deals to fuel growth. Although global chocolate confectionery consumption is only growing slowly, Barry Callebaut said its focus on outsourcing contracts and emerging markets allow it to outperform the market. "Our business is extremely predictable in the medium term, but there is quite a bit of variation from quarter to quarter," Chief Executive Antoine de Saint-Affrique told reporters on Wednesday after volume growth slowed in the final quarter of the group's fiscal year from the previous quarter.
(Bloomberg) -- Shan Foods Pvt. is considering the sale of a majority stake that could value the Pakistani spice maker at about $250 million, according to people familiar with the matter.The company is working with a financial adviser on the sale and has approached potential buyers including Unilever Plc., said the people said, who asked not to be identified as the discussions are private.A deal would give potential acquirers exposure to the world’s sixth most populous nation that was the fastest retail market globally until an economic crisis recently. The nation is looking to stabilize its economy after securing a $6 billion bailout from the International Monetary Fund.Deliberations are ongoing and Shan Foods can still decide to sell a non-majority stake or keep the business, the people said. Representatives for Shan Foods and Unilever declined to comment.Shan Foods, founded in 1981, is known for its small boxes with spices and recipe mixes that are used in South Asian cooking, according to its website. Its products are available in 65 countries, the website shows.Among measures to revive the economy, Pakistan discourages consumer good imports that makes it a boon for local manufacturers including Unilever’s operations there. Unilever Pakistan Foods Ltd.’s net sales rose 7% to 9.6 billion rupees ($62 million) for the first nine months this year, according to the company’s website.\--With assistance from Thomas Buckley.To contact the reporters on this story: Faseeh Mangi in Karachi at email@example.com;Vinicy Chan in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Fion Li at email@example.com, Jonas BergmanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Harvey Jones says FTSE 100 (INDEXFTSE:UKX) stars Reckitt Benckiser plc (LON: RB) and Unilever plc (LON: ULVR) can still shine.
LONDON/CHICAGO, Nov 1 (Reuters) - Under pressure to reduce environmental waste from single-use containers, major consumer companies including Procter & Gamble Co, Unilever Plc and The Body Shop are rolling out more products in refillable form.
Pedro Pina isn’t just the vice president for global client & agency solutions in EMEA at Google (GOOG) — he’s changing the lives for thousands employees inside and outside the tech giant.
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...
Reddit and Initialized Capital co-founder Alexis Ohanian, who is married to Serena Williams, will lead a delegation of dads to meet with senators in Washington, D.C.
Reckitt Benckiser named Ahold Delhaize finance chief Jeff Carr as successor to Adrian Hennah, who is retiring as CFO of the British consumer goods company next year. The maker of Durex condoms and Lysol disinfectant said on Monday that Carr, who has been finance chief at Dutch-American supermarket operator Ahold since 2011, would bring "extensive experience across consumer and retail companies". The appointment of Carr, who worked for Reckitt between 1994 and 2004, is its second big management change this year after replacing long-time chief executive Rakesh Kapoor with PepsiCo executive Laxman Narasimhan as CEO.
There is some evidence that buying progressive dividend payers with solid balance sheets is a strategy well-rewarded by the market. After all, who doesn’t like8230;
As we get closer to 2020, there are dark clouds on the horizon. These FTSE 100 (INDEXFTSE: UKX) stocks could provide portfolio protection, says Edward Sheldon.
London-listed stocks ended a mixed week on a cautious note ahead of a make-or-break parliamentary vote on Brexit, while InterContinental Hotels and oil stocks weighed on the FTSE 100, which closed 0.4% lower. The FTSE 250's constituents earn most of their revenue in Britain and the index has risen more than 4% since last week as the prospects of a damaging "no-deal" Brexit have diminished.
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. China continued its grind to more moderate growth in the third quarter as investment slowed, providing little upside for a global economy flirting with its first recession since 2009.Gross domestic product rose 6% in the July-September period from a year ago, the slowest pace since the early 1990s and weaker than the consensus forecast of 6.1%. On the upside, factory output improved and retail sales held up, but slowing investment growth remained a concern.Policy makers appear to be allowing the world’s second-largest economy to drift lower as they seek to clean up the financial system and curb excessive credit growth while they fight a confidence-sapping trade war with U.S. President Donald Trump. With a drop off in exports to the U.S. expected to continue as long as tariffs remain, the economy is likely to keep struggling as falling factory prices hit company profits and rising consumer inflation hits spending power.Even with the slowdown, year-to-date growth of 6.2% suggests the government can hit its target of an expansion of 6% to 6.5% for 2019. Until now, officials have focused on limited, targeted measures such as reserve-ratio cuts and credit support, wary of expanding the nation’s already heavy debt load. A meeting of the Communist Party’s top leadership due in the coming days may present an opportunity to review stimulus settings.“China’s economy is grappling with both external and internal headwinds,” said Frederic Neumann, co-head of Asian economics research at HSBC Holdings Plc in Hong Kong. “Exports started to contract of late amid wobbly global demand and rising tariffs in the U.S. Despite some stabilization in retail sales and industrial production in September, overall demand continues to soften, reflecting still relatively tight credit conditions.”Stocks pared earlier gains after the data, with the Hang Seng slipping 0.5% and the Shanghai Composite falling 1.3%. The offshore yuan was weaker at 7.0850 per dollar at 2:43 p.m. in Hong Kong.Further Details from the Report:Factory output rose 5.8% in September, retail sales expanded 7.8%, while investment gained 5.4% in the first nine monthsInfrastructure investment growth picked up to 4.5% in the nine months to SeptemberThe contribution of net exports to GDP growth picked up to 19.6% in the 9 months through September. That’s not necessarily an indication of economic strength though, as it was likely led by a pullback in importsConsumption’s contribution increased to 60.5% from 55.3%; Investment’s contribution slowed to 19.8% from 25.9%The surveyed jobless rate remained at 5.2%Nominal growth, which is un-adjusted for inflation, slowed to 7.6% from a year earlier, according to Bloomberg calculations. That’s the slowest since the third quarter of 2016.The nominal growth rate “tends to capture the cycles in the economy better,” according to a research note from Trivium China. It also gives a better idea of whether growth is fast enough to repay the nation’s growing debt, as lending is denominated in nominal values and isn’t adjusted for inflation.The slowing nominal rate indicates that the deflator, a reading of inflation across the economy, dipped to 1.6%.As China slows, it is buying less from the rest of the world, pushing its trade surplus higher and dragging on global economic growth. That’s having a knock-on effect on trade partners, from developed economies like Germany to commodity suppliers.Global policy makers including People’s Bank of China Governor Yi Gang are meeting in Washington this week for the International Monetary Fund’s annual meetings. The IMF set the tone for the gathering, making its fifth-straight cut to its forecast for 2019 global growth, which is on pace for the slowest expansion in a decade.The long-term slowdown underlines the challenge for companies doing business in China now, where high sales growth had once been a given.French distiller Pernod Ricard SA said growth in China slowed to 6% in the latest three months, less than one-quarter of the year-earlier rate. Nestle SA said sales in the country were flat for the first nine months, while Unilever said business there “slowed a little” in the latest period.What Bloomberg’s Economists Say..“China’s 3Q GDP growth, while avoiding falling below 6% for now, was in line with our view that the consensus forecast appeared optimistic. September industrial production growth was unexpectedly strong, but a further deceleration in investment growth underscores the challenges of using infrastructure spending to support growth.”Chang Shu and David Qu, Bloomberg EconomicsFor the full note click hereInvestors are looking for further confirmation of a detente between the U.S. and China on trade, as signs emerge that an agreement struck between negotiators in Washington this month and due to be signed by President Xi Jinping and Trump in November isn’t water-tight.China’s Ministry of Commerce Thursday signaled that Beijing is still pushing for the removal of all tariffs imposed by the U.S. since the trade war began -- a concession that’s not currently on the table.“The economy would almost surely slow further with the current policy stance,” said Larry Hu, head of China economics at Macquarie Securities Ltd. in Hong Kong. “Due to the lack of demand now, the government has to create more demand by itself through infrastructure spending. Even a trade deal is not an substitute for an escalation of stimulus.”\--With assistance from Kevin Hamlin, Rachel Chang and Carolynn Look.To contact Bloomberg News staff for this story: James Mayger in Beijing at firstname.lastname@example.org;Tomoko Sato in Tokyo at email@example.com;Miao Han in Beijing at firstname.lastname@example.orgTo contact the editors responsible for this story: Jeffrey Black at email@example.com, James MaygerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
ZURICH/LONDON (Reuters) - Global consumer goods companies have been banking on emerging markets to drive their growth, so signs on Thursday that sales have come off the boil in the once-booming economies of China and India could set alarm bells ringing. Unilever, Nestle and drinks group Pernod Ricard all pointed to slower progress in key Asian markets as a factor for muted sales growth over the last three months but for the time being are keeping targets intact. Packaged goods companies like these have been relying more on emerging markets to offset changing habits in developed economies, where growing numbers of consumers are turning to fresher foods, niche brands or cutting back on spending.
Growth may have slowed, but Paul Summers believes Unilever plc (LON:ULVR) remains a strong hold for defensively-minded investors.
(Bloomberg Opinion) -- Nestle SA Chief Executive Officer Mark Schneider is in a good spot. He’s on the verge of capping what he set out to do when he became the Swiss food behemoth’s first outside leader for almost 100 years.Nestle is on track to meet its target for operating margin a year early. Its organic sales growth goal for next year looks attainable. And on Thursday the company unveiled plans to return another $20 billion to shareholders by 2022. That is unless it can find better ways to spend some of the money on acquisitions.The latest buyback comes just as the last $20 billion capital return — announced in June 2017 — is being completed.The German-American CEO took over in January 2017 with the aim of making changes. He received a blessing in disguise that June, when activist investor Dan Loeb’s Third Point bought a stake and started agitating for change, giving Schneider the license to move quickly.Under pressure from Loeb, he has changed up of 9% of Nestle’s the portfolio so far, in line with his plan to trade 10% of it by the end of 2020. He has sold off the U.S. confectionery business, the Gerber life assurance unit and most recently the dermatology arm, all for better-than-expected prices.And he has made canny acquisitions, including spending $7 billion for the rights to market Starbucks Corp. products outside of its cafes, which is helping drive growth in Nestle’s coffee unit. Adding Sweet Earth, which makes meat substitutes, also looks smart given the boom in plant-based protein products.Combined, the moves mean Nestle is on track to meet the low end of the target for full-year underlying operating margin of between 17.5% and 18.5% in 2020, a year early. Organic growth in the mid-single digits by 2020 looks possible, too. Nestle forecasts about 3.5% expansion in 2019.But from here, life gets tougher. Obvious disposals have been made, although Schneider could go further in pruning parts of the U.S. frozen food business, which includes Hot Pockets and DiGiorno pizzas, and its joint ventures in chilled dairy, cereals and ice cream.The decision to no longer run the challenged waters arm as a separate business and instead integrate it into Nestle’s three main geographic regions indicates that that business won’t come up for sale in its entirety.Nestle believes its range of waters, which include the Perrier and S.Pellegrino brands, are capable of delivering strong growth, thanks to demand in emerging markets and the trend for health and wellness in developed regions. But staying so committed to the business looks like a rare strategic misstep, given the pressures on the lower end of the market and growing environmental awareness.As for further acquisitions, more bolt-ons that take Nestle into nascent but potentially fast-growing consumer categories along the lines of fake meat, look likely given the creation of a unit to bolster expansion both within the group and outside of it.There is one portfolio change that seems to remain stubbornly out of Schneider’s plans: selling Nestle’s 32 billion–euro ($35.6 billion) stake in L’Oreal SA, the world’s biggest maker of beauty products.Loeb has been pressing to offload it. Nestle doesn’t need the money, and would prefer to link any change to a big strategic move. But there is merit in considering the disposal. Concern is rising about a slow-down in luxury demand in China, something that has been buoying L’Oreal’s premium cosmetics brands. Meanwhile, the U.S. make-up market looks more challenging after a boom. If conditions deteriorate, Nestle may have missed the best chance to extract maximum value.And it can’t afford any slip ups. The shares have risen 44% since Schneider arrived in January 2017, and trade at a forward price earnings ratio of 22 times. While the premium to Unilever NV is deserved, at this elevated valuation, there is less room for error than when Schneider walked in to shake up what was then a lumbering food giant. To contact the author of this story: Andrea Felsted at firstname.lastname@example.orgTo contact the editor responsible for this story: Melissa Pozsgay at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
World markets have run into sand on Thursday, with sterling dropping about a half a cent after Northern Ireland’s DUP said it couldn’t yet support a Brexit deal that’s been thrashed out by UK and European Union negotiators before today’s EU summit. The text of the Brexit deal appeared to be ready to present to the summit before the DUP statement. Without DUP backing, UK PM Boris Johnson will struggle to get any agreement through parliament, which is due to sit on Saturday after the two-day summit.