Mark Schneider news, comment and analysis – Page 6
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Comment & OpinionNestlé is right to attempt turnaround at a measured pace
Activist and Third Point hedge fund boss Dan Loeb’s pursuit of Nestlé is stepping up a gear following his obvious frustration with the company’s slow pace of change.
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NewsMedia Bites 3 July: Tesco/Carrefour, Nestlé, Premier Foods
The link-up between Tesco and Carrefour gets plenty of coverage, with most centred on the potential impact on under-pressure suppliers.
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Analysis & FeaturesNestlé and Starbucks join to form 'global coffee alliance'
Nestlé will pay $7.15bn (£5.3bn) for a ‘perpetual licence’ to sell Starbucks products outside the coffee chain’s stores
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NewsCity snapshot: Nestlé clinches global coffee deal with Starbucks
Nestlé has confirmed an agreement granting it perpetual rights to market Starbucks consumer and foodservice products globally outside of the company’s coffee shops. Plus, Wynnstay Group has appointed a new CEO, PureCircle launches Coca-Cola Stevia No Sugar, and a look at the City diary for the rest of the week.
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Comment & OpinionThe Sainsbury's-Asda merger will hurt suppliers
The comment that big food companies “make spectacular returns and are very, very profitable” is an ominous opening gambit, says Warren Ackerman of SocGen
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NewsCity snapshot: Unilever's first quarter underlying sales grow 3.4%
Unilever has posted first-quarter underlying sales growth of 3.4% to reach an overall turnover of €12.6bn (£11bn), driven by 4.3% volume growth excluding spreads. Plus, Nestlé has reported a “solid start to the year” with first quarter organic growth of 2.8%, Pernod Ricard boosted by emerging markets and all the rest of the latest news from the City.
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Comment & OpinionThe 'art of pricing' is crucial
Staples companies often view pricing as a last resort, only after all internal self help measures have been exhausted
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NewsNestlé commits to zero-waste packaging by 2025
It intends to focus on eliminating non-recyclable plastics and encouraging use of plastics that allow better recycling rates
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NewsNestlé reports slowest growth this century
Consumers have continued to shun mainstream packaged food in favour of cheaper own-label or healthier snacks
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NewsMedia Bites 16 February: Nestle, Tesco/Booker, Lidl
Annual results for Nestlé and worrying developments for the Tesco/Booker merger ahead of the shareholder vote make the papers today.
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NewsNestlé misses growth expectations as sales falter in fourth quarter
Full-year profits at Nestlé slumped as sales growth at the Swiss food giant came in below expectations after a sluggish fourth quarter
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NewsMedia Bites 23 Jan: Tesco, Ocado, Nestlé
“Managers in firing line as Tesco jobs go” is the leading story in this morning’s edition of The Times.
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Comment & OpinionSeismic fmcg portfolio shifts loom in 2018
The speed of change in fmcg is forcing companies to try to ascertain where they will still have competitive advantages…
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NewsRefresco provisionally cleared for Cott acquisition after UK factory sale pledge
Bottling giant Refresco has been given the provisional green light to complete its acquisition of fellow bottling firm Cott after offering to sell a UK factory.
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NewsMedia Bites 15 Nov: Tesco/Booker, Grocery inflation, Sir Terry Leahy
“Booker rivals’ outrage over Tesco tie-up” is the leading business headline in this morning’s edition of The Times (£) as the media expresses shock at the CMA’s decision to green light the £3.7bn Tesco acquisition of Booker.
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NewsCity snapshot: Unilever growth boosted by emerging markets in Q3
Unilever has grown underlying sales by 2.6% in the third quarter as it performed strongly in emerging markets. Plus, Nestlé increases organic growth in the first nine months of 2017; and Pernod Ricard has “a very good start” to the year.
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NewsMedia Bites 27 September: Nestlé, AG Barr, Jaffa Cakes
Nestlé has for the first time set a target for increasing profit margins as CEO Ulf Mark Schneider unveils new strategy in London; AG Barr powers sales with new recipes despite passing on price rises; and Jaffa Cakes become the latest casualty of shrinking pack sizes in supermarket aisles.
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NewsCity snapshot: Reformulated Irn-Bru boosts AG Barr but cost pressures bite
Price inflation and the reformulation of its Irn-Bru and Rubicon range helped AG Barr boost sales during the first half, but increased brand investment and other cost pressure squeezed margins at the soft drinks producer
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NewsCity Snapshot: Coca-Cola HBC CEO to take illness leave of absence
The CEO of FTSE 100 Coca-Cola bottler Coca-Cola HBC is to take a four month leave of absence to treat a medical conditions. Plus, Nestlé acquires a majority stake in Blue Bottle Coffee, the pound soards but leaves UK fmcg companies nursing share price losses and all the rest of the latest news from the City
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NewsMedia Bites 28 July: Diageo, Nestlé, P&G, Boots
The world’s biggest drinks company rewarded investors for their patience during the turnaround of the past four years with a £1.5bn share buyback programme, writes The Times.