Claudia Lenz News
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Barry Callebaut AG rose the most in more than two months in Zurich trading after signing an agreement to supply Unilever with 70 percent of its cocoa and chocolate requirements.
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Nestle SA , the world’s largest food company, may say tomorrow that the Swiss franc’s strength reduced first-quarter revenue by the most in more than eight years, threatening a decline in annual earnings.
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Cocoa advanced to the highest price in at least 21 years in London on speculative buying because of low stockpiles.
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Hermes International SCA stock is just like its $7,000 Birkin bags: expensive.
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Aryzta AG , a Swiss supplier of bakery products to restaurants, advanced the most in more than five months in Zurich trading after saying fiscal first-quarter sales gained 33 percent.
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Nestle SA , the world’s largest food company, said it will “substantially” reduce net debt after completing the sale of 52 percent of eye care specialist Alcon Inc. to Novartis AG for $28.3 billion.
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Pfizer Inc. plans to send out information on its infant-nutrition unit to potential bidders in September, kicking off an auction that may fetch as much as $10.5 billion, said people with knowledge of the process.
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While Louis Vuitton bags never go on sale, investors may still have a chance to snap up LVMH Moet Hennessy Louis Vuitton SA ’s shares at a discount before the company reports earnings tomorrow.
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H.J. Heinz Co.’s strategy to build an infant-formula business in China may include buying a regional baby-food maker, according to an analyst at Sanford C. Bernstein & Co.
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