Unilever sells peanut butter January 3, 2013 HORMEL Foods has agreed to buy Skippy, the iconic US peanut butter brand, from Unilever for $700m (£435m), adding it to a portfolio that includes Spam canned meat. The deal also gives Hormel, bigger global presence, including in markets such as China where Skippy is the leading peanut butter brand. Consumer goods conglomerate Unilever said [...]
The markets don’t sleep during the festive period December 17, 2012 OVER the Christmas period, equity markets are often seen as offering slim pickings for spread bet and contract for difference traders. Granted, there’s the prospect of a Santa rally, but otherwise the FTSE-100 index tends to end up trading in tight ranges as volatility ebbs away. Underlying volumes are low, traders generally aren’t at their [...]
What the other papers say this Morning December 12, 2012 FINANCIAL TIMES Steel chief Mittal upbeat on US growth US manufacturing is poised to reap the benefits of cheaper energy, propelling the world’s largest economy into a new growth phase, says Lakshmi Mittal, chairman and chief executive of ArcelorMittal. Brussels backs Hutchison Orange deal Europe’s top competition authority approved the acquisition of France Telecom’s Orange [...]
Who’s switching jobs November 8, 2012 Houlihan Lokey Sascha Kroissenbrunner has been appointed director in the investment bank’s industrials group. He joins from UniCredit Group in Vienna, where he was managing director and head of the general industrials group for central and eastern Europe. He has also held senior positions at the Royal Bank of Scotland in London and Frankfurt. State [...]
Croda sells Italian business November 1, 2012 Speciality pharmaceutical company Croda, which counts Procter & Gamble and Unilever among its customers, is to sell its Italian arm to a private company in the country. It is believed to be sold for between £1 and £2m. Completion of the deal is expected to take place before the year end. Meanwhile, Croda said its [...]
Croda takes on JP Morgan Caz October 31, 2012 Global manufacturer of speciality chemicals Croda, which counts Procter & Gamble, Unilever, L’Oreal and Estee Lauder among its customers, yesterday said it had appointed JP Morgan Cazenove as joint broker, alongside Morgan Stanley, with immediate effect. In July it reported a six per cent increase in first-half profit, thanks to increased sales of high margin [...]
Unilever sales beat forecasts October 25, 2012 UNILEVER’S quarterly sales growth beat forecasts as demand for cleaning and personal care products in China helped the consumer goods group outshine larger rival Nestle. The maker of Dove soap and Cif cleaners shrugged off the worries about slowing growth in China, reporting a growth of 5.9 per cent in the third quarter, ahead of [...]
FTSE flat as poor corporate results overshadow positive news on GDP October 25, 2012 BRITAIN’S top share index was fractionally higher yesterday as gains by banks on strong UK GDP figures were countered by some mixed corporate earnings. Banks added 0.8 per cent on news that Britain pulled out of recession in the third quarter, with its strongest quarterly economic growth in five years, boosting expectations that lending conditions [...]
FTSE 100 up as Britain leaves recession October 25, 2012 The blue chip index was up in early trading, as the economy expanded by one per cent in the three months to September, the strongest quarterly growth in five years. Companies announcing results also helped to buoy the FTSE 100, such as consumer giant Unilever, which added 3.36 per cent as it announced rising sales. [...]
Unilever sales rise on emerging markets boost October 25, 2012 Consumer giant Unilever this morning posted a 5.9 per cent increase in underlying sales, boosted by a 12.1 per cent rise in sales from the emerging markets. The world’s third-largest consumer group posted turnover of €13.4bn (£8.3bn) over the three months to September, with a positive 4.1 per cent impact from foreign exchange. Over the [...]