Columbus, OH

Reuters

tag:reuters.com,2024:binary_LOA167525072024RP1-PREVIEW:48000:MP3 mpeg. tag:reuters.com,2024:binary_LOA167525072024RP1-STREAM:22.050:MP3 mpeg. tag:reuters.com,2024:binary_LOA167525072024RP1-STREAM:48000:M4A aac.

Nestle, Unilever sales disappoint as consumers hunt for value

(Reuters) -Unilever beat first-half profit expectations on Thursday boosted by resilient pricing even as sales growth disappointed. Shares in the maker of Dove soap and Hellmann's condiments rose 6.8% in early trade to the top of London's FTSE 100 index.

Unilever delivers profit beat despite disappointing sales


				













	Updated July 25 at 12:15 p.m. ETCelia Birtwell Works Her Wild Flower Prints Into New Joanie Clothing Collaboration




	LONDON — Unilever surprised the markets on Thursday with a 3.5 percent uptick in first-half net profit, despite lackluster sales growth and softening demand in the U.S.




	That bottom-line growth boosted the shares, which closed up more than 6 percent at 46.73 pounds.




	In the first six months, the owner of brands including Dove, Dermalogica and Hellmann’s saw profit reach 4 billion euros despite a modest 2.3 percent uptick in sales to 31.1 billion euros. Underlying sales were up 4.1 percent in the six months...

Unilever’s Sales, Profits Rise in First Half as Company Slashes Jobs

New York City, NY

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

UPS customers are trading down, another signal from the second-quarter earnings season about the search for value options across the U.S. economy. CFO Brian Dykes said on a conference call that UPS "saw customers shift from air to ground and from ground to SurePost." A range of companies have highlighted...

UPS Customers Are Trading Down

Lancaster County, PA

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

NewsByJoshua

Fans of Frisco's Chicken were left reeling as the beloved Peruvian-style eatery announced the closure of all its locations in Lancaster County, Pennsylvania. The chain, known for its delicious food and strong community values, posted a heartfelt note on its doors, informing customers of the devastating news.

Favorite Chicken Chain Suddenly Closes All Stores, Heartfelt Message Found on Doors

CNBC's Jim Cramer looked at what might have caused Wednesday's Big Tech declines, reviewing why investors may have been disappointed with earnings from Alphabet and Tesla. "Wall Street, it looks like it's had it with the mega caps, doesn't it? We don't want to hear about the 'Magnificent Seven' anymore," he said. "Everyone thinks these stocks have gone to unsustainable levels, so that they want to lock in gains and pivot to groups that have room to play catch-up, like the small caps."

Jim Cramer examines Wednesday's brutal tech sell-off

It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed. Jumia: "It's not making a lot of money." Sign up now for the CNBC Investing Club to follow Jim Cramer's every move in...

Cramer's Lighting Round: Broadcom is 'absolutely terrific'

Health authorities in the southern Indian state of Kerala are on high alert following the latest flare-up of the deadly Nipah virus. The Nipah virus is considered one of the most dangerous pathogens circulating in the wild. First identified 25 years ago in Malaysia, Nipah is estimated to have a...

India is on alert after a fresh outbreak of the deadly Nipah virus. Here’s what you need to know

New York Post

L Catterton, the private equity firm backed by luxury goods giant LVMH, has approached Mattel, the toy maker behind Barbie and Hot Wheels, with an acquisition offer, people familiar with the matter said Monday.

The move could prompt other potential suitors to consider bids for Mattel, including rival Hasbro, which has become aware of L Catterton’s approach and is discussing whether it should also submit an offer, one of the sources said. Hasbro and Mattel have held unsuccessful merger talks over the years.

The sources cautioned that there is no certainty L Catterton’s approach will push Mattel into exploring a sale and...

Toy maker Mattel receives buyout offer from L Catterton, sending shares soaring 20%

Illinois State

Chicago, IL

Foodie in Chicago

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

The company that owns Marlboro cigarettes is selling $2.3 billion worth of shares in major brewing company Anheuser-Busch InBev. U.S. manufacturer Altria Group, which produces Marlboro cigarettes, is planning to sell its shares in Anheuser-Busch InBev, the parent company of Bud Light. One Year on From National Controversy. The announcement...

Anti-Trans Boycott Sees Bud Light Shares Dumped by Company

Keurig Dr Pepper's second-quarter earnings and revenue met Wall Street's expectations. The company's U.S. coffee division struggled, while its domestic refreshment division saw higher sales, thanks to price increases. The beverage giant also reiterated its full-year outlook. Shares of the company rose 5% in morning trading. Here's what the company...

Keurig Dr Pepper earnings meet estimates as higher prices fuel U.S. soda sales

Fond Du Lac, WI

In a recent move that’s bound to shake things up, Mercury Marine has announced a series of partial layoffs affecting about 1,700 employees at their Fond du Lac headquarters. The company, grappling with a decline in sales, is implementing these layoffs throughout the rest of the year.

An engine manufacturer is laying off 1,700 workers due to drop in sales

J. Souza

Royal Caribbean’s Utopia of the Seas, a $1.35 billion behemoth of the sea, has recently been introduced to the world since its maiden voyage on July 19th. The ship, boasting nearly 5,700 passengers and a crew of over 2,200, offers an array of amenities designed to cater to multi-generational families on shorter 3- and 4-day itineraries.

Cruise Passengers Not Happy About Feature on World's Newest Mega Ship

When Jay Chaudhry sold his first company for $70 million, he focused less on his own riches, he says — and more on how the deal could turn dozens of his employees into millionaires. Chaudhry, 65, is known today as the billionaire founder and CEO of Zscaler, a cloud...

65-year-old CEO turned at least 88% of his employees into millionaires after selling his company for $70 million

Dollar General’s strategy to cut back on items it sells and quickly replenish high-demand products in its stores appears to be resonating with customers, executives said during a May earnings call. The discount retailer has been focusing on cutting costs, necessitating the retooling of its supply chain though new...

Dollar General’s supply chain shift shows promise

Business Insider

Luxury retailers say they've been hit by slumping sales in China, while tourism spending in Japan booms.

It looks like the party's over for luxury goods in China

The Motley Fool

The soda giant is still a great stock for long-term investors.

Why Investors Love Coca-Cola Stock in 5 Simple Charts

Singapore is the world's safest city for tourists, according to new research by Forbes Advisor. The study, which analyzed factors such as crime, healthcare quality and risks of natural disasters, ascribed safety scores from 0 to 100 — with the safest cities receiving the lowest scores. Based on the...

An Asian city is named the safest destination in the world for travelers

NewsBreak

Unilever pops 6% on margin guidance raise, Ben & Jerry's spinoff on track to complete by end of 2025

Shares climbed nearly 8% during the morning, before gains cooled to around 6.5% by 12:15 p.m. in London. The company, whose vast portfolio of brands spans...

Unilever pops 6% on margin guidance raise, Ben & Jerry's spinoff on track to complete by end of 2025

Comments / 0