|Bid||1,435.00 x 0|
|Ask||1,460.00 x 0|
|Day's Range||1,441.00 - 1,451.00|
|52 Week Range||1,165.00 - 1,465.00|
|PE Ratio (TTM)||31.62|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Chocolate maker Barry Callebaut AG has bought the ingredients division of family-owned U.S. firm Gertrude Hawk Chocolates in a move designed to strengthen the Swiss company's high-margin gourmet and specialties business. The acquisition, made for an undisclosed sum, comes as chocolate makers grapple with weak global demand as health-conscious consumers increasingly shun chocolate. "The acquisition allows us to expand our product portfolio into new markets and offer an even wider range of products and services than before," Barry Callebaut Chief Executive Antoine de Saint-Affrique said in a statement.
Philip Hammond has called for a Brexit transition deal that would give business a cushion of a "couple of years" after the UK leaves the EU as he accused hardliner cabinet members of trying to undermine him. Barry Callebaut AG Chief Executive Antoine de Saint-Affrique said sales had accelerated in recent months and would return to a "normal rhythm" of growth as global chocolate sales are poised for a revival amid industry innovation and tumbling cocoa bean prices spur growth.
Renegade troops in Ivory Coast accepted a government proposal on bonuses and returned to barracks on Tuesday, ending a mutiny that had closed businesses, shut major roads and threatened years of economic progress in the world's top cocoa producer. The dissident soldiers, mostly former rebels who helped bring President Alassane Ouattara to power, rejected an earlier offer late on Monday.