News: Danone SA (DANO.PA)

DANO.PA on Paris Stock Exchange

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Fri, Jul 24 2015

UPDATE 2-France's Danone to sell China infant formula unit, keeps goals

* Danone 1st-half operating margin 12.12 pct vs expected 12.27 pct

Danone to sell Dumex in China, keeps goals

PARIS, July 24 - French food group Danone posted lower-than-expected first-half operating profit on Friday and said it was selling its flagship Dumex infant formula unit in China, which has been hit by food scares, taking a 398 million euros ($437 million)impairment charge.

UPDATE 1-Danone swaps Dumex China unit for deeper ties with domestic dairy giant

* Competition rising in China's $20 bln formula market (Recasts, adds Danone statement)

China's Yashili agrees to buy Danone's Dumex infant formula unit

HONG KONG, July 24 - Chinese milk formula maker Yashili International Holdings Ltd said on Friday it has agreed to buy an infant milk formula unit from Danone SA and will work with the French dairy giant on a New Zealand manufacturing plant.

UPDATE 2-Danone shares at record after first-quarter sales beat expectations

* Sales 5.47 bln euros, up 4.8 pct like-for-like vs f'cast 4.6 pct

BRIEF-Danone still expects European dairy volumes to stabilise by end-2015 - CFO

April 15 - DANONE : Chief Financial Officer Cecile Cabanis tells analysts: * Danone still expects European dairy volumes to stabilise by end of this year or early next year

Baby food, waters lift Danone Q1 sales

PARIS, April 15 - Danone said on Wednesday that underlying first-quarter sales rose 4.8 percent, beating expectations, driven by a recovery in baby food sales in Asia and robust growth in waters.

Starbucks U.S. cafes debuting new smoothies, kale optional

LOS ANGELES - Starbucks Corp and Danone SA on Tuesday will begin selling a smoothie line at more than 4,300 U.S. Starbucks shops as part of a Greek yogurt partnership that will also include yogurt parfaits and ready-to-eat yogurt to be sold by grocers.

Starbucks U.S. cafes debuting new smoothies, kale optional

LOS ANGELES, March 31 - Starbucks Corp and Danone SA on Tuesday will begin selling a smoothie line at more than 4,300 U.S. Starbucks shops as part of a Greek yogurt partnership that will also include yogurt parfaits and ready-to-eat yogurt to be sold by grocers.

UPDATE 1-Danone doesn't need transformational deal - CEO

PARIS, March 17 - French food group Danone does not need to make a large acquisition to pursue its development, its chief executive said on Tuesday.

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