Unilever has said ciao to its Ragu and Bertolli pasta sauce business, agreeing to unload it to Japanese food manufacturer Mizkan Group for about $2.15 billion as the maker of Dove skin creams continues to shed food brands.
Reckitt Benckiser Group Plc, the maker of Lysol disinfectants, said a separate stock listing is a “strong option” for its pharmaceutical business as it posted first-quarter revenue growth that matched analysts’ estimates.
Reckitt Benckiser Group Plc, the maker of French’s mustard and Nurofen painkillers, reported a 2 percent gain in first-half profit as deteriorating business in southern Europe largely eclipsed growth in emerging markets.
Unilever, the world’s second- biggest consumer-goods company, reported the slowest quarterly growth in two years as demand in Europe was held back by weaker consumer confidence and sales of ice cream and spreads faltered.
Devro Plc fell 6.7 percent in six days, trailing a 1.3 percent gain in the FTSE 250 Index, on concern that earnings at Britain’s biggest maker of collagen sausage casings won’t improve much as raw material costs rise.
Primark’s newest store in Berlin has been open for less than an hour and already a mannequin’s right hand dangles by a cord, knocked loose in a shopper’s vain struggle to remove its 7-euro ($8.58) denim shorts.
Simon Property Group Inc. , the largest U.S. mall owner, will end its interest in buying Capital Shopping Centres Group Plc if the U.K. company doesn’t provide information necessary to evaluate a bid. Capital Shopping fell as much as 4.7 percent in London trading.
Reckitt Benckiser Group Plc said it will start a strategic review of its pharmaceutical unit, pointing to the possible sale of a business that analysts say could fetch at least 1.5 billion pounds ($2.4 billion).
Associated British Foods Plc said an “outstanding” performance from the Primark budget-clothing chain drove business ahead of its expectations in the financial year to date, boosting the shares the most in 18 months.