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CommentWire
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Breakfast giant Kellogg's has announced a net income fall of 6% in Q3, citing declining cereal sales and a product recall as key factors. While a recall is unusual and unforeseen, the result highlights the challenges posed in such a mature category. Kellogg's faces the problem not only of battling multiple competitors, but also the attitudes of consumers towards breakfast consumption in general.
Published By Datamonitor
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03 Nov 2010 |
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Expert View
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Shipping lines over the past year have experienced a sharp deterioration in revenues because of falling trade volumes, with Maersk expecting to suffer a net loss of $1 billion for 2009. Although the economy started to show signs of revival in the third quarter, the effect is yet to trickle down to the shipping lines and they continue to post subdued results.
Published By Datamonitor
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18 Nov 2009 |
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CommentWire
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The price of Brent crude futures has risen by $7 per barrel on the IPE in London since January, bringing calls for Opec to increase its output and prevent further rises. Those calls have been dismissed as premature, but the oil exporters' determination to control production may yet be tested in the coming months.
Published By Datamonitor
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05 Apr 2002 |
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Expert View
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Although the credit crunch has left non-financial services companies, including those in the biotechnology industry, without cheap debt, the pharmaceutical industry avoided relying on this resource and has remained cash-rich. As a result, pharmaceutical companies should weather the financial storm and be able to make significant acquisitions, unlike their biotechnology counterparts.
Published By Datamonitor
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09 Oct 2008 |
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CommentWire
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Consumer packaged goods company Unilever has announced an overall decline in sales and profits for the first three months of 2009. The firm has been hit by falling sales in developed countries, although growth has been seen in emerging markets. Many consumers have traded down as their disposable income shrinks, but investment from Unilever should ensure that it remains in a strong position.
Published By Datamonitor
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08 May 2009 |
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CommentWire
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UPS' overall Q4 results show that the company repositioned itself well in 2009 and is now reaping the rewards of its recent investments in its international division, with strong growth being achieved due to high cross-border volumes. The firm must take careful action to ensure that this positive trend continues into 2010.
Published By Datamonitor
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05 Feb 2010 |
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