Unilever PLC
European markets move higher; Renault shares up 6% after quarterly revenue jump
European stocks were slightly higher on Thursday, as investors reviewed another batch of earnings reports, and as U.S. market declines weighed on global sentiment. The pan-European Stoxx 600 was up 0.53% by 10:05 a.m. London time, with the majority of major bourses and sectors trading in positive territory. Travel and leisure stocks added 2.85% while […]
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Amazon cashierless tech competitor Grabango shutters after failing to secure funding
Grabango’s mobile app Grabango Grabango, a venture-backed startup that was vying to take on Amazon in cashierless checkout technology, is shutting down after it was unable to raise enough money to stay afloat. “Although the company established itself as a leader in checkout-free technology, it was not able to secure the funding it needed to […]
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European stocks head for mixed open as selloff eases; U.S. inflation data due
Traders work on the floor of the New York Stock Exchange as a picture of Vice President Kamala Harris is displayed on a television screen, on July 22, 2024. Spencer Platt | Getty Images LONDON — European markets are heading for a mixed open Friday, as a global stock selloff eases and investors await U.S. […]
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Unilever pops 6% on margin guidance raise, Ben & Jerry’s spinoff on track to complete by end of 2025
Unilever shares popped on Thursday morning, after the consumer goods giant raised its full-year margin guidance and said the spinoff of its ice cream business was on track to complete by the 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, […]
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CNBC’s Inside India newsletter: How will India spend its billions?
New Delhi, India – February 01: Finance minister, Nirmala Sitharaman, outside Finance Ministry on the Budget Day, with other members of Finance Ministry in New Delhi on February 01, 2024. (Photo by Hardik Chhabra/ The India Today Group via Getty Images) The India Today Group | The India Today Group | Getty Images This report […]
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$9 billion travel tech firm Navan on track to hit profitability this year and ‘not far’ from IPO, CEO says
TripActions CEO Ariel Cohen TripActions The boss of travel and expense management platform Navan told CNBC he’s preparing the company to get its business into shape for an eventual initial public offering this year, in another sign leaders of privately-held startups are getting more optimistic about their prospects in the public markets. Asked about when […]
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Stock spinoffs are 1 of the best trades likely this calendar year. How to take part
Shares that have been spun off from larger company mother and father stand out as some of this year’s consistent winners. So much in 2024, some 15 companies have accomplished spinoffs, with the Standard Electric powered aviation and power break up standing as amid the most noteworthy. Shares of GE Vernova have rallied far more […]
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Dutch minister confident ‘crown jewel’ chip firm ASML will continue to be in Netherlands soon after menace to depart
A prime Dutch governing administration minister claimed he is assured the country’s coveted chip-equipment maker ASML will remain in the Netherlands next threats from the firm to transfer its functions overseas. Steven van Weyenberg, the Netherlands’ finance minister, advised CNBC’s Karen Tso on Thursday that he isn’t anxious by ASML’s statements threatening to go away […]
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Gatorade enters new categories — even unflavored water — as competition to hydrate consumers ramps up
As Gatorade approaches its 60th birthday, the brand is staying spry, branching out into new categories from unflavored water to energy drink mixes. Since its founding in 1965, Gatorade has been the dominant sports drink. It accounted for 63.5% of the U.S. sports drink market in 2023, according to Euromonitor International data. Owner PepsiCo’s archrival […]
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Unilever to split off its ice product unit together with Ben & Jerry’s
Ben & Jerry’s ice product on May perhaps 24, 2022. Nurphoto | Nurphoto | Getty Photos Shares of purchaser merchandise giant Unilever popped on Tuesday following the corporation announced strategies to different its ice product unit, which includes Ben & Jerry’s and Magnum, as section of a restructuring that will affect 7,500 positions. “The proposed […]
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