IHC’s $2.15 bln Nutresa bid boosts shares in Colombian conglomerate GEA’s companies

The logo of Nutresa is seen in Medellin, Colombia June 26, 2019. Picture taken June 26, 2019. REUTERS/Luis Jaime Acosta/File Photo Register now for FREE unlimited access to Reuters.com Register BOGOTA, Sept 21 (Reuters) – Shares in companies that are part of Colombia’s largest conglomerate GEA rose on Wednesday after Abu Dhabi-based investor International Holding … Read more

Indonesia trimming palm oil stocks with discounts, India sales

Worker loads palm oil fresh fruit bunches to be transported from the collector site to CPO factories in Pekanbaru, Riau province, Indonesia, April 27, 2022. REUTERS/Willy Kurniawan/File Photo Register now for FREE unlimited access to Reuters.com Register India could buy 2 mln T in Aug-Nov from Indonesia Export levy waiver boosts Indonesia’s exports Stocks could … Read more

Unilever violating merger deal over Israel sale – Ben & Jerry’s founders on MSNBC

Register now for FREE unlimited access to Reuters.com Register Sept 18 (Reuters) – The founders of ice cream maker Ben & Jerry’s said on MSNBC on Sunday that parent Unilever PLC (ULVR.L) is in violation of the 2000 merger deal over its sale of Ben & Jerry’s business in Israel to a local licensee who … Read more

Frugal is the new cool for young Chinese as the economy falters

BEIJING, Sept 19 (Reuters) – Before the pandemic, Doris Fu imagined a different future for herself and her family: new car, bigger apartment, fine dining on weekends and holidays on tropical islands. Instead, the 39-year old Shanghai marketing consultant is one of many Chinese in their 20s and 30s cutting spending and saving cash where … Read more

Evonik targets EV battery recycling, food tech in innovation drive

The logo of German specialty chemical company Evonik Industries AG is pictured at their plant in Bitterfeld, Germany, February 29, 2016. REUTERS/Fabrizio Bensch Register now for FREE unlimited access to Reuters.com Register GDANSK, Sept 15 (Reuters) – Germany’s Evonik Industries is working on ways to help recycle lithium from electric car batteries and limit the … Read more

US coffee chains’ sales rise 10% to near pre-pandemic levels – report

Register now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 13 (Reuters) – Sales by branded coffee shops in the United States increased 10% in the 12 months to June 2022 to reach $45.8 billion, a value that is 96% of its pre-pandemic sales, while the number of stores surpassed those seen before … Read more

Bond issuance spree as US companies rush before more rate hikes

Register now for FREE unlimited access to Reuters.com Register Sept 8 (Reuters) – Companies with the highest credit ratings in the world are engaged in a now-or-never US dollar bond issuance spree to get ahead of a continued spike in borrowing costs and as liquidity in the market is expected to dwindle in the next … Read more

Ben & Jerry’s will amend lawsuit against Unilever over Israel ice cream sale

A refrigerator bearing the Ben & Jerry’s logo is seen at a food store in the Jewish settlement of Efrat in the Israeli-occupied West Bank July 20, 2021. REUTERS/Ronen Zvulun//File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 6 (Reuters) – Ben & Jerry’s said it plans to amend its … Read more

Campbell Soup forecasts profit, sales above estimates on higher prices

Cans of Campbell’s Soup are displayed in a supermarket in New York City, US February 15, 2017. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register Sept 1 (Reuters) – Campbell Soup Co (CPB.N) forecast annual core sales and profit above estimates on Thursday, as higher prices fail to quell demand for … Read more

Kellogg taps company veteran to head cereal business spinoff

Kellogg’s Corn Flakes, owned by the Kellogg Company, is seen for sale at a store in Queens, New York City, US, February 7, 2022. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 24 (Reuters) – Kellogg Co (KN) on Wednesday named Gary Pilnick, a 22-year veteran of the company and … Read more