Danone, the owner of Evian bottled- water and Activia yogurt, rose the most in almost three years in Paris trading after fourth-quarter sales beat estimates and the company announced plans to cut 900 jobs in Europe.
Nestle SA rules the high-end coffee market in Europe with Nespresso capsules. Green Mountain Coffee Roasters Inc. dominates the U.S., leaving China as the biggest land grab for premium single-serve coffee.
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.
Associated British Foods Plc, the owner of the Primark discount-clothing chain, fell the most in almost nine months after Credit Suisse Group AG said it’s unlikely Primark’s profit growth can continue at the pace seen in the first half.
Associated British Foods Plc, the U.K. owner of Twinings tea and Ovaltine malt drink, reported a 26 percent gain in first-half profit, beating some estimates, driven by the growth of the Primark budget-fashion chain.
Beiersdorf AG , the Nivea skin-cream maker, fell the most in more than 18 months in Frankfurt trading after saying it expects profitability to decrease in 2011 and that it sees no sales growth at its consumer unit next year.