Bruno Monteyne news and analysis
Bruno Monteyne is a Bernstein analyst and a former Tesco exec.
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NewsNestlé appoints new CEO in surprise departure for Mark Schneider
Schneider has stepped down as head of the world’s biggest food company in a surprise move, to be replaced by group veteran Laurent Freixe
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Analysis & FeaturesWhat are the challenges for Reckitt’s sell-off strategy?
The group is planning to sell non-core brands and focus on ‘Essential Home’
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NewsCity News: Unilever shares soar as turnaround picks up pace
Investors ignored missed sales forecast at Unilever in favour of big beats to margin improvement targets to send shares at the Hellmann’s and Magnum supplier soaring to the top of the FTSE 100 on Thursday
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NewsCity News: Rollercoaster week as Ocado shares rebound on earnings upgrade
It’s been another rollercoaster week in the life of Ocado, as the under-fire online supermarket suffered a share price plunge on Monday on a broker downgrade – only to bounce straight back the next day on an earnings upgrade
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NewsCity News: Haleon shares take hit as sales volumes swing backwards
Shares in consumer health giant Haleon took a hit this week after sales volumes went backwards in the early months of 2024 to undershoot expectations
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Comment & OpinionUnilever’s ice cream detachment – what does it mean?
Hein Schumacher is wasting no time in his attempt to kickstart Unilever’s sputtering growth as the CPG giant this morning revealed plans to spin off the ice cream business
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NewsLindt & Sprüngli improves margins on double-digit sales growth
Global confectionery giant Lindt & Sprüngli has posted double-digit sales growth and margin improvement last year, helped by price increases and a rebound in travel retail
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NewsCity News: Reckitt Benckiser shares slump after ‘unsatisfactory’ results
Consumer goods giant Reckitt Benckiser saw its share slump this week as its 2023 sales underperformed City expectations following an “unsatisfactory” fourth quarter.
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NewsCity snapshot: Reckitt Benckiser disappoints amid falling volumes and a weak Q4
Consumer goods giant Reckitt Benckiser has performed below City expectations in 2023 as like-for-like revenues declined 1.2% in a “unsatisfactory” fourth quarter. Plus, Just Eat Takeaway and Glanbia report full-year results
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Analysis & FeaturesHein Schumacher still has a big role for ‘purpose’ in his Unilever action plan
CEO Hein Schumacher says he wants to do sustainability ‘differently’, but there is more to the plan than a retreat from ‘woke nonsense’
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NewsCity News: Nestlé shares sink as shoppers baulk at continued higher prices
Shares in Nestlé sank on Thursday as the world’s biggest food group revealed lower-than-expected sales growth in the first nine months of 2023.
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Analysis & FeaturesHow the Global 50 largest fmcg companies are turning defence into attack
The world’s fmcg giants have soaked up plenty of pressure, and are looking to go back on the attack. Can they prosper in the post-Covid environment?
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Analysis & FeaturesWhy it's so hard to prove profiteering and greedflation in food
Questions have been raised about the legitimacy of supplier price increases. But margins at major fmcg giants are almost universally in decline
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Analysis & FeaturesOC&C Global 50 food and beverage rankings: how fmcg giants are tackling inflation
The world’s fmcg giants survived the pandemic. Now they’re facing into rampant inflation. Are they agile enough to handle rising costs, changing shopper habits and geopolitical volatility?
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NewsUnilever shares soars as it hands activist investor Nelson Peltz board seat
Peltz will join the Persil, Dove and Magnum maker as non-executive director on 20 July, as well as taking a place on the group’s compensation committee.
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NewsCity News: Just Eat Takeaway.com: from bad to worse as senior team departs
The beleaguered group’s chair Adriaan Nühn agreed to step down ahead of what was expected to be a stormy AGM in Amsterdam on Wednesday
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NewsDanone shares soar as rumours of Lactalis takeover talk emerge
Danone shares have surged more than 8% today as speculation emerged that fellow French dairy giant Lactalis is exploring a surprise takeover of its larger rival.
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NewsDanone unveils turnaround plan under new CEO Antoine de Saint-Affrique
Danone has set out a multi-year turnaround plan as de Saint-Affrique unveiled his vision for the French consumer products group
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NewsCity News: Unilever prepares for possible upheaval after GSK climbdown
News that activist investor Nelson Peltz is preparing to shake up the beleaguered business set tongues wagging
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NewsCity Snapshot: Pressure intensifies at Unilever as Nelson Peltz’s activist fund buys stake
Unilever’s embattled management team is under more pressure this week as it emerged that Nelson Peltz’s activist hedge fund Trian Partners has built a position in the consumer goods group.