Procter & Gamble Co (PG.N)
23 Apr 2018
Procter & Gamble Co (P&G) has agreed to acquire Merck KGaA's consumer health unit for 3.4 billion euros ($4.2 billion), giving it vitamin brands such as Seven Seas and greater exposure to Latin American and Asian markets. | Video
The world's largest consumer goods maker Procter & Gamble Co narrowly beat quarterly earnings expectations on Thursday, saying shrinking retailer inventories and higher commodities and transportation costs squeezed margins.
LONDON/CHICAGO Procter & Gamble's $4.2 billion deal for Merck's vitamin and supplements business demonstrates that major consumer companies remain hungry for health-related products.
* Health and wellness seen as attractive to younger consumers
LONDON Martin Sorrell's departure from the world's biggest advertising company heralds change for his sprawling WPP empire and may accelerate a shake up of the big ad groups that followed his lead.
LONDON, April 20 Martin Sorrell's departure from the world's biggest advertising company heralds change for his sprawling WPP empire and may accelerate a shake up of the big ad groups that followed his lead.
LONDON/CHICAGO, April 20 Procter & Gamble's $4.2 billion deal for Merck's vitamin and supplements business is the latest example of a major consumer company stocking up on health-related products.
* Merck to update earnings guidance at Q1 results (Adds Breakingviews link)
ZURICH/LONDON/CHICAGO Quarterly sales growth at Nestle, Procter & Gamble and Unilever was driven almost entirely by shifting more goods, in a stark illustration of how hard it is for consumer products makers to raise prices in a competitive retail environment. | Video
* Nestle shares up, Unilever and P&G down (Adds comments from P&G CEO, Unilever CFO, background on rising freight costs; updates shares)
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