News: Danone SA (DANO.PA)

DANO.PA on Paris Stock Exchange

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Wed, Sep 3 2014


Exclusive: Hospira talks with Danone on $5 billion tax inversion deal stall

LONDON - U.S. drugmaker Hospira’s HSP.N talks to buy the medical nutrition unit of Danone DANO.PA and use the deal to move its tax domicile abroad have stalled, according to people familiar with the matter, as attempts by U.S. companies to relocate abroad and cut their tax bills draw growing criticism back home.

BRIEF-Danone shares open up 1.10 percent after governance change

Sept 3 - DANONE : * Shares open up 1.10 percent after governance change

Danone names new CEO as Riboud prepares for succession

PARIS - Danone said on Tuesday that Chairman and Chief Executive Franck Riboud would split his role after 18 years at the helm of the world's largest yoghurt maker, which is grappling with a series of setbacks in Asia and in Europe.

UPDATE 2-Danone names new CEO as Riboud prepares for succession

* Changes will take effect Oct. 1 (Adds analyst comments, background, details)

Danone names new CEO, Riboud remains as chairman

PARIS, Sept 2 - French food group Danone , which is grappling with sluggish sales of baby food in Asia and weak dairy revenue in Europe, said it would split the chairman and CEO functions, naming Emmanuel Faber as CEO, while current CEO Franck Riboud would stay on as chairman.

Russian import ban to have limited effect on Western food firms

MOSCOW/LONDON - Western multinationals like Nestle, Unilever and McDonalds will feel only a limited effect from Russia's ban on certain food imports from Europe and the United States, since they largely produce domestically.

UPDATE 3-Nestle plans $8.8 bln share buyback, sees emerging markets pick up

(Adds CFO comment on emerging markets, shares, background)

Nestle announces share buyback as emerging markets pick up

ZURICH - Nestle , the world's biggest food group, announced an 8 billion Swiss franc ($8.8 billion) share buyback and stood by its full-year sales forecast on Thursday, after revenue growth in emerging markets picked up in the second quarter.

European shares dip early; Wincor sinks

* FTSEurofirst 300 down 0.1 pct, Euro STOXX 50 down 0.03 pct

UPDATE 1-Market Chatter-Corporate finance press digest

July 28 - The following corporate finance-related stories were reported by media:

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