Nestlé warned sales growth this year will be the weakest in at least two decades, giving activist investor Dan Loeb ammunition for his campaign to overhaul the world’s largest food firm, while Danone kept its 2017 goals despite a sales slowdown in the second quarter.
Fri, 28 Jul, 2017
The US Supreme Court tightened rules for where patent lawsuits can be filed in a decision that may make it harder for so-called patent “trolls” to launch sometimes dodgy patent cases in friendly courts, a major irritant for high-tech giants like Apple and Alphabet’s Google.
Tue, 23 May, 2017
Unilever promised a multi-billion euro programme of shareholder rewards yesterday, after a corporate rethink sparked by a takeover approach from Kraft Heinz. It is aiming to prove it can generate lucrative returns as an independent company.
Fri, 07 Apr, 2017
Kraft Heinz has made a $143bn (€134.5bn) offer for Unilever in what would be the largest-ever takeover in the food or beverage industry, opening a campaign to create a consumer-goods giant with household names from Dove soap to Heinz ketchup.
Sat, 18 Feb, 2017
Billionaire Warren Buffett said on Saturday that Berkshire Hathaway is poised to do well no matter who wins the White House in November, and the billionaire investor defended the performance and tactics of the conglomerate’s several large investments.
Mon, 02 May, 2016
Activist investor William Ackman has built a stake worth about $5.5bn (€5.05bn) in Mondelez International, the maker of Cadbury chocolate and Oreo biscuits, in what is seen as an attempt to push the company to boost earnings or sell itself.
Fri, 07 Aug, 2015