Barclays

LVMH Sales Fall 3% As Demand For Luxury Goods Worsens In China

LVMH reported a 3% fall in third-quarter sales, undershooting estimates in its first decline in quarterly sales since the pandemic as demand in China and J...

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Five Main Reasons Why Barclays Lowered Its Ratings For Nestlé

Barclays recently lowered its rating for global food giant Nestlé. ESM examines the five main reasons behind the decision.

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Retail, Consumer CEOs See Shorter Tenures As Boards Act More Quickly

When two of the most powerful brands in retail and packaged foods last month ousted their CEOs, it signalled corporate boards are more ready to toss top ex...

Carlsberg Lifts 2024 Growth Outlook, Q2 Sales Lag Forecasts

Danish brewer Carlsberg has lifted its forecast for full-year operating profit growth despite posting weaker-than-expected sales for the second quarter hit...

Nivea Maker Beiersdorf's Sales Grow Despite China's Luxury Slowdown

Beiersdorf has reported 7.1% organic sales growth for the first half of the year, driven by double-digit percentage growth in its flagship skincare brand N...

UK Weather Rains On Consumer Spending In July

British shoppers kept a tight grip on their purse strings last month as rainy weather again dampened their appetite for spending, according to two differen...

Lindt & Sprüngli Delivers Steady Sales, Launches Share Buyback

Swiss chocolate maker Lindt & Sprüngli has posted first-half organic sales of CHF 2.16 billion (€2.22 billion), in line with expectations, as...

Consumer Goods Makers Weighed Down By Weak European And US Sales

Consumer goods giants including Nestlé, Kraft Heinz and Reckitt are likely to report weak second-quarter sales growth from Europe and the United Sta...