Wednesday, March 12

Tag: Nestle

Ozempic Maker Novo Nordisk Has a Weight Problem
23Oct By adminNo Comments
Money

Ozempic Maker Novo Nordisk Has a Weight Problem

Oct. 23, 2023 11:39 am ETThe company behind diabetes and obesity phenomena Ozempic and Wegovy is overweight.Novo Nordisk became Europe’s most valuable company last month, overtaking luxury goods maker LVMH, which itself took the title from food company Nestlé in 2021. All three companies are global stars that dominate the small European stages where they play, but the Danish drug company is now an extreme case. This might be a reason why the shares trade at a discount to those of its closest peer, U.S.-listed Eli Lilly.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Intrepid Investors Look for Bargains in Ukraine—Bomb Shelter Required
23Oct By adminNo Comments
World

Intrepid Investors Look for Bargains in Ukraine—Bomb Shelter Required

Updated Oct. 23, 2023 12:02 am ETListen to article(2 minutes)John Mazarakis got rich lending money to cannabis companies and running a chain of pizzerias along the Eastern Seaboard. His next big bet: houses and industrial parks in war-torn Ukraine.Mazarakis and the $2 billion asset manager he co-founded, Chicago Atlantic, are preparing to invest as much as $250 million in the country. He isn’t alone. Steel-nerved investors are trickling back into Ukraine, lured by the chance to help the country in its fight against Russia—and to score assets on the cheap.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Markets climb in early trade on firm global trends, encouraging domestic macroeconomic data
4Sep By adminNo Comments
Business

Markets climb in early trade on firm global trends, encouraging domestic macroeconomic data

MUMBAI: Equity benchmark indices climbed in early trade on Monday in line with firm trend in global markets and encouraging domestic macroeconomic data.Fresh foreign fund inflows also added to the optimistic trend in the domestic equity market.Extending its previous day's rally, the BSE benchmark Sensex climbed 243.69 points to 65,630.85 in early trade. The Nifty went up by 91.5 points to 19,526.80.From the Sensex pack, Tata Steel, JSW Steel, UltraTech Cement, Larsen & Toubro, Maruti, HCL Technologies, Wipro and Tech Mahindra were the major gainers.ICICI Bank, Nestle, Asian Paints and Power Grid were among the laggards.In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading with gains.The US markets ended mostly in the positive territory on Friday.Manufacturing activities ...
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Volatile food inflation a concern: Nestle India CMD
29Jul By adminNo Comments
Business

Volatile food inflation a concern: Nestle India CMD

NEW DELHI: Food inflation will continue to "wobble" for some time and it is a phenomenon that companies should be worried about, Suresh Narayanan, chairman and managing director at Nestle India, said on Friday. Changing climate conditions, uncertainty related to El Nino, and fluctuations in prices of commodities continue to pose challenges for businesses, he added.In its June quarter results announced earlier this week, Nestle India said that while fuel prices have softened and commodities such as edible oils, wheat and packaging materials have been in the lower price range, robusta (coffee beans) prices remain elevated. "Coffee prices are up by almost 50-60%... it is a significant part of my portfolio," Narayanan said. Despite operating amid an environment which Narayanan described as eq...
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