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United Kingdom

Richa Naidu

Kraft Heinz withdraws outlook after dismal results

08 Aug 2019

Kraft Heinz Co reported weak sales on Thursday, prompting the maker of packaged foods to write down the value of several business units by more than $1 billion and drop its full-year forecast as it struggles to lure back customers. | Video

CORRECTED-Kraft Heinz withdraws outlook after dismal results

08 Aug 2019

Aug 8 Kraft Heinz Co reported weak sales on Thursday, prompting the maker of packaged foods to write down the value of several business units by more than $1 billion and drop its full-year forecast as it struggles to lure back customers. Shares fell to a record low as the Chicago-based company marked a 12th straight quarter of lackluster sales. Kraft Heinz, which counts billionaire Warren Buffett as its largest investor, has been battered by competition from private-label brands, changing consumer tastes and lower investment in its brands due to heavy cost-cutting under leaders installed by Brazilian private equity firm 3G Capital.

Free-spending consumers lift company profits, but Trump tariffs now loom

02 Aug 2019

CHICAGO U.S. President Donald Trump's plan to slap new tariffs on Chinese imports comes on the heels of unexpectedly strong second-quarter results for automakers, consumer products companies and restaurant chains, boosted by spending on high-end products

RPT-Free-spending consumers lift company profits, but Trump tariffs now loom

02 Aug 2019

CHICAGO, Aug 1 U.S. President Donald Trump's plan to slap new tariffs on Chinese imports comes on the heels of unexpectedly strong second-quarter results for automakers, consumer products companies and restaurant chains, boosted by spending on high-end products

Free-spending consumers lift company profits, but Trump tariffs now loom

02 Aug 2019

CHICAGO U.S. President Donald Trump's plan to slap new tariffs on Chinese imports comes on the heels of unexpectedly strong second-quarter results for automakers, consumer products companies and restaurant chains, boosted by spending on high-end products

P&G posts strong sales, takes $8 bln Gillette writedown

30 Jul 2019

Procter & Gamble Co's quarterly revenue and adjusted profit beat Wall Street expectations on Tuesday, sending shares to a record-high even as the world's No.1 personal goods company took an $8 billion (£6.6 billion) charge on its Gillette shaving business.

RPT-FOCUS -As rural India develops taste for chocolate, a dominant Mondelez extends its reach

29 Jul 2019

* Growth in incomes, sharp tax cut propel India chocolate sales

As rural India develops taste for chocolate, a dominant Mondelez extends its reach

29 Jul 2019

CHICAGO/HAROHALLI, India Two years ago, Satish P., a bakery owner in the small village of Harohalli near Bengaluru, had his doubts about stocking Mondelez's Cadbury Silk bars. | Video

Conagra misses estimates as rivals step up promotions, cut prices

27 Jun 2019

Conagra Brands Inc's on Thursday missed Wall Street estimates for quarterly earnings and sales as low prices and aggressive store promotions by rival food makers ate into demand for Marie Callender's, Hunt's and Chef Boyardee products.

Sparkly unicorn ice cream: Kroger’s bid to win grocery wars

21 Jun 2019

(This June 20 story is refiled to correct typographical error in paragraph five.)

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