Europe growth boosts Danone

City A.M. Reporter
FRENCH food group Danone yesterday posted better than expected sales growth in the second quarter, helped by an improvement at its core dairy business in recession-hit Europe, sending its shares up 3.15 per cent.

The world’s largest yoghurt maker kept its full-year forecast for higher sales but weaker profitability.

Danone posted like-for-like sales growth of 6.5 per cent, above the 5.7 per cent forecast by analysts.