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Food companies Ajinomoto and Danone launch partnership to cut dairy industry's CO2 emissions

Food companies Ajinomoto and Danone launch partnership to cut dairy industry's CO2 emissions Sept 19 (Reuters) - Food companies Ajinomoto 2802.T and Danone DANO.PA unveiled on Thursday a partnership to reduce the dairy industry's greenhouse gas emissions. WHY IT MATTERS: Livestock is a major source of methane emissions , often from manure and the routine bodily functions of animals such as cows' belching, according to the United Nations Food and Agriculture Organization.
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Ajinomoto and Danone launch partnership to cut dairy industry's greenhouse gas emissions

BRIEF-Ajinomoto and Danone launch partnership to cut dairy industry's greenhouse gas emissions Sept 19 (Reuters) - Ajinomoto Co Inc 2802.T /DANONE DANO.PA : AJINOMOTO CO., INC. AND DANONE LAUNCH GLOBAL STRATEGIC PARTNERSHIP TO REDUCE GREENHOUSE GAS FROM DAIRY INDUSTRY AJINOMOTO/DANONE: AS A PART OF DANONE'S "PARTNER FOR GROWTH" PROGRAM, BOTH COMPANIES ARE WORKING COLLABORATIVELY TO REDUCE GHG EMISSIONS FROM MILK PRODUCTION.
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Danone To Double Number Of Global Partnerships Over Next Two Years

BRIEF-Danone To Double Number Of Global Partnerships Over Next Two Years Sept 17 (Reuters) - Danone SA DANO.PA : TO DOUBLE NUMBER OF GLOBAL PARTNERSHIPS OVER NEXT TWO YEARS PARTNERSHIPS SPAN ACROSS INGREDIENTS, PACKAGING, MANUFACTURING, AGRICULTURE, AND INDIRECT SUPPLIERS Further company coverage: DANO.PA (Gdansk Newsroom)
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Alstom, Siemens, Tesco

EUROPE RESEARCH ROUNDUP-Alstom, Siemens, Tesco Sept 13 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alstom, Siemens and Tesco, on Friday. HIGHLIGHTS * Alstom ALSO.PA : HSBC raises target price to EUR 26 from EUR 24 * Hexagon AB HEXAB.ST : HSBC cuts target price to SEK 110 from SEK 120 * Siemens AG SIEGN.DE : HSBC cuts target price to EUR 140 from EUR 150 * Tesco TSCO.L : Citigroup raises target price to 425p from 350p * Travis P
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Jefferies downgrades Danone, flags challenged growth in key areas

BUZZ-Jefferies downgrades Danone, flags challenged growth in key areas ** Jefferies downgrades Danone DANO.PA to "hold" from "buy", flagging slower growth in key areas, such as U.S. coffee/creamers, China nutrition and waters ** "Margin ambitions now look contained by persistent struggles in accelerating vol/ mix in EDP & risk to slower growth in higher-margin ops," Jefferies says ** U.S.
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General Mills sells N. America yogurt operations in $2 bln deal to focus on stronger brands

UPDATE 3-General Mills sells N. America yogurt operations in $2 bln deal to focus on stronger brands Adds CEO comment in paragraph 5 and background in paragraphs 10-12 Sept 12 - General Mills GIS.N will sell its North America yogurt business to French dairy firms Groupe Lactalis and Sodiaal in a $2.1 billion deal, the Cheerios maker said on Thursday.
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General Mills in talks to sell North America yogurt operations to Lactalis, Sodiaal, Bloomberg News reports

General Mills in talks to sell North America yogurt operations to Lactalis, Sodiaal, Bloomberg News reports Sept 12 - General Mills GIS.N is in talks to sell its U.S. and Canadian yogurt operations, which houses brands such as Yoplait, to French dairy firms Groupe Lactalis and Sodiaal, respectively, Bloomberg News reported on Thursday, citing people familiar with the matter.
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Barclays sees Nestle's 2025 as transitional, cuts to 'equal weight'

BUZZ-Barclays sees Nestle's 2025 as transitional, cuts to 'equal weight' ** Barclays cuts Nestle NESN.S to "equal weight" from "overweight," seeing 2025 as a transitional year and a recovery unlikely until 2026 ** It says the company needs to get back to the basics, "which means flawless execution and much bigger and bolder innovation" ** The broke
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Moscow takes control over assets of Western companies

FACTBOX-Moscow takes control over assets of Western companies Adds Raiffeisen and Linde, updates Commerzbank Sept 6 (Reuters) - Kremlin has been seizing assets of some Western companies in Russia through decrees signed by President Vladimir Putin and court orders related to lawsuits over halted projects or blocked funds amid Western sanctions. Below is a list of the companies affected so far.
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Danone Issues EUR 700 Million Bond

BRIEF-Danone Issues EUR 700 Million Bond Sept 5 (Reuters) - Danone SA DANO.PA : HAS ISSUED TODAY A EUR 700 MILLION BOND WITH A 7-YEAR MATURITY AND A 3.20% COUPON SETTLEMENT EXPECTED TO TAKE PLACE ON SEPTEMBER 12, 2024 AND BONDS WILL BE LISTED ON EURONEXT PARIS BOND ISSUE WAS WIDELY SUBSCRIBED BY A DIVERSIFIED INVESTOR BASE Source text for Workspace
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Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Adds Unilever Sept 5 (Reuters) - Some Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreign-owned assets. Below are some companies that have sold their businesses in Russia, divided by sector: AUTOS Continental CONG.DE sold its Russian tyre plant to holding company S8 Capital in May 2023. Renault RENA
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From apartheid to Gaza, consumer boycotts have hit major companies over the years

REFILE-FACTBOX-From apartheid to Gaza, consumer boycotts have hit major companies over the years Corrects to remove extraneous letter in paragraph 1, changes story identification tag LONDON, Sept 4 (Reuters) - Global companies including Anheuser-Busch InBev ABI.BR , Coca-Cola KO.N and Target TGT.N have suffered hits to sales and, in some cases, reputations, after shoppers boycotted their products or services over the years.
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JPM sees volume/pricing trade-off amid weak demand in focus for European Staples in H2

BUZZ-JPM sees volume/pricing trade-off amid weak demand in focus for European Staples in H2 ** After a mixed H1 for European Staples, focus in H2 will be on the balance of volumes recovery versus easing pricing and accelerated promotion and marketing, as well as demand risks in U.S. and China, J.P. Morgan says ** It flags that the faster-than-expected normalisation in pricing is weighing on revenue growth while consumer demand also shows signs of strains in major markets, U.S.
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Dairy group Arla's raises 2024 revenue outlook on higher prices

UPDATE 2-Dairy group Arla's raises 2024 revenue outlook on higher prices Recasts, updates throughout with company seeing higher prices By Isabelle Yr Carlsson COPENHAGEN, Aug 28 (Reuters) - Denmark's Arla, one of the world's biggest dairy producers and the maker of Lurpak butter and Castello cheese , raised its full-year revenue outlook on Wednesday and said it expected prices to rise, despite reporting a drop in first-half revenue.
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Arla reports decreased sales in H1, hikes outlook

Arla reports decreased sales in H1, hikes outlook COPENHAGEN, Aug 28 (Reuters) - Denmark's Arla, one of the world's biggest dairy producers, reported on Wednesday a drop in sales for the first half of 2024 but still raised its full-year revenue outlook. Reporting by Isabelle Yr Carlsson, editing by Terje Solsvik
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Nestle CEO Schneider was ousted due to company's underperformance - three sources

Nestle CEO Schneider was ousted due to company's underperformance - three sources LONDON, Aug 23 (Reuters) - Nestle NESN.S CEO Mark Schneider was ousted in a sudden move by the world's biggest foodmaker as a result of the group's underperformance, three sources familiar with the matter told Reuters on Friday. Reporting by John Revill and Richa Naid
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Nestlé’s CEO switch serves up unappetising menu

BREAKINGVIEWS-Nestlé’s CEO switch serves up unappetising menu The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Aug 23 (Reuters Breakingviews) - Swiss consumer-goods giant Nestlé NESN.S has had a rough few years. The board’s decision to replace CEO Mark Schneider with insider Laurent Freixe, announced on Thursday evening, was abrupt but justifiable.
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Nestle CEO Schneider was ousted after underperformance, sources say

UPDATE 3-Nestle CEO Schneider was ousted after underperformance, sources say Board increasingly concerned about sales slowdown Shares fall after CEO change, concerns about future guidance New CEO Freixe pledges to focus on organic growth Adds graphic, comment from source on decision to change CEO in paragraphs 8-10 By John Revill and Richa Naidu ZURICH/LONDON, Aug 23 (Reuters) - Nestle NESN.S CEO Mark Schneider was ousted in a sudden decision by the world's biggest foodmaker as a result of the g
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Nestle shares face pressure following abrupt departure of CEO

Nestle shares face pressure following abrupt departure of CEO By John Revill ZURICH, Aug 23 (Reuters) - Nestle NESN.S shares were expected to fall early on Friday following the abrupt departure of CEO Mark Schneider from the world's biggest foodmaker and his replacement by company veteran Laurent Freixe. Schneider's surprise exit was announced late on Thursday following a board meeting that put an end to the near eight-year tenure at the helm by the 58-year-old German, the first company outsider
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Nestle replaces CEO Schneider with company veteran Freixe

UPDATE 6-Nestle replaces CEO Schneider with company veteran Freixe Adds Freixe's age and background in paragraph 15, and further comment, no other changes By John Revill and Richa Naidu ZURICH/LONDON, Aug 22 (Reuters) - Nestle NESN.S is replacing CEO Mark Schneider with company veteran Laurent Freixe, the Swiss food group said on Thursday, marking a change of leadership as it faces a challenge to grow sales.
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