Bernstein

Diageo Explores Potential Spin-Off Or Sale Of Guinness – Bloomberg

Diageo is exploring a potential spin-off or sale of Guinness, Bloomberg reported on Friday, citing people familiar with the matter.

French food group Danone beat third-quarter sales expectations on Thursday, boosted by higher sales volumes as price hikes slowed.

Heineken’s third-quarter sales figures beat forecasts on Wednesday, buoyed by non-alcoholic beers, but full-year guidance was unchanged.

Danone beat second-quarter sales expectations on Wednesday, boosted by higher sales volumes as price hikes slowed.

Heineken has reported a 12.5% rise in half-year operating profit, missing out in an expected boost from sporting events.

Nestlé lowered its sales outlook on Thursday, slowing the pace of price hikes sooner than hoped due to increasingly cost-conscious consumers.

Nestlé may flag more price hikes when it reports first-half earnings on Thursday, making its brands more expensive by Christmas.

Hygiene product maker Essity reported second-quarter core profit above expectations on lower costs and price discipline.

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