GPDNF - Danone S.A.

Other OTC - Other OTC Delayed Price. Currency in USD
71.76
-2.17 (-2.93%)
At close: 11:40AM EST
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Previous Close73.93
Open71.76
Bid0.00 x 0
Ask0.00 x 0
Day's Range71.76 - 71.76
52 Week Range71.76 - 90.50
Volume386
Avg. Volume5,588
Market Cap46.512B
Beta (5Y Monthly)0.56
PE Ratio (TTM)14.66
EPS (TTM)4.89
Earnings DateN/A
Forward Dividend & Yield2.17 (2.94%)
Ex-Dividend DateMay 06, 2019
1y Target EstN/A
  • Coronavirus update: 81,312 cases, 2,770 deaths; Trump says U.S. ‘very ready’
    MarketWatch

    Coronavirus update: 81,312 cases, 2,770 deaths; Trump says U.S. ‘very ready’

    The growing number of COVID-19 cases and deaths outside of Asia has put pressure on U.S. officials to more clearly articulate preparedness plans in an effort to ease American worries about the possibility of a pandemic.

  • Guinness parent Diageo warns of £200 million profit hit as businesses count the cost of the coronavirus outbreak
    MarketWatch

    Guinness parent Diageo warns of £200 million profit hit as businesses count the cost of the coronavirus outbreak

    Diageo became the latest multinational to measure the impact of the coronavirus epidemic on Wednesday as the world’s biggest spirits maker said the virus could hit profits by up to £200 million ($258.5 million) in 2020. On Wednesday, French food group Danone (FR:BN)cut its guidance and said it expects the virus to reduce first-quarter sales in China by €100 million. SSP Group, which operates food outlets at airports and rail stations around the world, said on Wednesday that sales had fallen sharply in China and Hong Kong.

  • Financial Times

    Danone: bottling it

    Danone has regularly undershot its own earnings guidance. Like-for-like sales of its infant formula, bottled water and other comestibles will grow 2 per cent to 4 per cent, it said on Monday. In the past two years alone Danone wrote off €1.5bn resulting from investments in Moroccan and Chinese dairy and organic salads.

  • Bloomberg

    Danone Says Coronavirus Weighs on Bottled Water Sales

    (Bloomberg) -- The economic damage from the coronavirus rose by more than $500 million after Diageo Plc and Danone warned the disease outbreak will reduce sales of beverages in China.Diageo, the maker of Johnnie Walker whisky, said the coronavirus will reduce its sales by as much as 325 million pounds ($422 million) this year after bars and restaurants were shut in many parts of China. Danone, which sells Evian water, said Wednesday that first-quarter sales growth will grind to a halt.Hermes International Chief Executive Officer Axel Dumas said it’s too early to predict when the Chinese market will recover as the spread of the coronavirus hammers luxury spending there. The French company closed 11 stores in China earlier and has since reopened seven of those, he said on a call with journalists.Dozens of companies have warned of the mounting economic disruption of the virus, which has infected more than 80,000 people and killed 2,700. The recent spread of the disease in Europe and Asia has led to a 7.3% slump in the S&P 500 Index in the past three trading days.Diageo fell as much as 2.3% in London, while Hermes dropped as much as 1.4% in Paris. Danone fell 0.9%.As the virus spreads beyond China, sales in places like South Korea and Japan are also being affected, Diageo said. The company said it’s hard to estimate the duration of the downturn, though it expects consumption to gradually improve and return to normal levels around the end of its fiscal year, which runs through June.Danone lowered its sales target for this year to growth of 2% to 4% on a like-for-like basis and also cut its profitability goal. The coronavirus will slice about 100 million euros ($109 million) from first-quarter revenue, the Actimel maker forecast.Hermes also said it sees potential for things to get better, though it’s hard to say when.“It’s too soon to say things are going back to normal,” CEO Dumas said. “We are in a process of reopening.”To contact the reporters on this story: Corinne Gretler in Zurich at cgretler1@bloomberg.net;Robert Williams in Paris at rwilliams323@bloomberg.netTo contact the editors responsible for this story: Eric Pfanner at epfanner1@bloomberg.net, Thomas MulierFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Danone posts profit fall and sees ‘volatile and uncertain’ 2020
    MarketWatch

    Danone posts profit fall and sees ‘volatile and uncertain’ 2020

    DOW JONES NEWSWIRES D Danone SA said Wednesday that net profit fell for 2019 and it issued new guidance for 2020. The French food company (FR:BN) said net profit for the year was 1.93 billion euros ($2.

  • Financial Times

    Danone trims sales growth targets because of coronavirus

    Danone has scaled back its sales growth and profit margin targets for 2020 as the coronavirus dents demand in China, its second-largest market, and it embarks on a €2bn spending plan to reduce its reliance on non-recycled plastic packaging and cut carbon emissions. Emmanuel Faber, chief executive, defended the decision to abandon the short-term profitability targets, saying that the €2bn spending programme over three years was the “right thing to do for the business” not only to respond to the urgency of climate change, but also to answer consumer demands for action on sustainability issues.

  • 5 Penny Stocks to Buy If You Can Risk It
    InvestorPlace

    5 Penny Stocks to Buy If You Can Risk It

    [Editor's note: "5 Penny Stocks to Buy If You Can Risk It" was previously published in December 2019. It has since been rewritten and updated with new stock picks and updated analysis.] Whether you're a newbie who just watched The Wolf of Wall Street or you're a seasoned trader whose previous fliers on penny stocks have burned one too many holes in your pocket, the story is the same: stay away from penny stocks!Penny stocks (classified by the SEC as anything trading under $5) are among the more volatile securities you'll ever come across. There are a few reasons for that, not the least of which is that their low prices confuse many would-be investors. Remember, just because it trades for a dollar doesn't mean that it's a cheap stock.Consider Lifeway Foods (NASDAQ:LWAY), which trades for a mere $2.45 and Danone (OTCMKTS:DANOY), trading at $15.55. On the one hand, Lifeway certainly appears cheaper but it's unprofitable at the operations level. On the other hand, Danone has a price-to-earnings ratio of 15.9. Bottom line: you're paying a much-higher premium for LWAY stock despite its smaller "sticker" price.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat micro price tag makes penny stocks more susceptible to scammers and to wild swings in price.But all of this is not to say that buying penny stocks can't go your way -- just that the odds are stacked against you.Still here? Good. For those of you determined to get rich quick and hold on for dear life, I've rounded up five penny stocks that I found through a combination of earnings growth, fundamental strength and performance. * 7 Exciting Stocks to Buy for Aggressive Investors I'll tell you if you should buy it or stay away from it, but do yourself a favor and only invest money that you can afford to lose. Basically, don't gamble with your kid's college fund. These stocks are only for the crazies who can stomach the risk. 5 Penny Stocks to Buy: Enservco Corporation (ENSV)Source: Shutterstock Sector: Energy Five-year earnings growth: 20% Year-to-date performance: -29.66% Enservco (NYSEARCA:ENSV) is a little-known oil and gas player with a lot of earnings juice in the tank. The reason you haven't heard of this Denver-based company is due to its particularly boring, but stable, business: well enhancement and fluid logistics.In a nutshell, Enservco works with American exploration and production (E&P) firms through its three subsidiary businesses (Heat Waves Hot Oil Service, Heat Waves Water Management, Dillco Fluid Service). These companies provide core services that include hot oiling, acidizing and frac water heating.It's not your conventional oil and gas business.While Enservco suffered along with the rest of the oil patch during the dog days of the energy rout, it has since turned things around. In 2016, ENSV reported an operating income loss of $11 million. By 2017, management had trimmed that loss to $5 million. And in 2018, its operating loss had narrowed to just $2 million. For the first six months of 2019, Enservo posted operating income of $1.52 million.Enservco is now on track to become profitable again and the company has proven that it can drive profit growth even in a low-price environment. In its most recent quarterly report, ENSV reported 19%% revenue growth.Should you buy ENSV stock? In the past year, Enservco's stock is down 72%. But with an average 20% growth rate expected over the next five years, it's not difficult to see a path for ENSV stock to move higher. But for now, be cautious with ENSV stock. Smart Sand (SND)Source: Shutterstock Sector: Minerals Five-year Earnings growth: -2.6% YTD performance: -26.6%Smart Sand (NASDAQ:SND) is another company that works directly with frackers and oil drillers. Unlike Enservco, Smart Sands' business is in hydrocarbon. Specifically, SND is in hydrocarbon recovery for Big Oil hydraulic frackers. It also owns its own sand mine for fracking in the Oakdale, Wisconsin area, and another mine in Jackson County, Wisconsin.Lately, business has been good, with Smart Sand increasing its revenue from $59.7 million in 2014 to an expected $231 million in 2019.In Q3, SND increased revenues by 4% year-over-year Better still, adjusted EBITDA climbed 30% YoYShould you buy SND stock? According to U.S. Silica (NYSE:SLCA) CEO, Bryan Shinn, demand for locally sourced frac sand is growing. * 7 Exciting Stocks to Buy for Aggressive Investors "The trend towards longer laterals and more sand per well is continuing and will drive strong demand into 2019 and beyond," says Shinn. Higher oil prices should also facilitate stronger demand for fracking sand and make SND stock worth holding. SmithMicro (SMSI)Source: Shutterstock Sector: Technology Expected 5-Year Earnings growth: 10.75% YTD performance: 69%Continuing in the tradition of stocks you've never heard of, enter SmithMicro (NASDAQ:SMSI). SMSI plays an important role in many major technological trends, and it is a low-key way to play trends across several industries, including the mobile and cable industries.SmithMicro boasts more than 100 million devices across the world that use SMSI's products and solutions, running the gamut from home security to graphic tools for artists. Here's a quick rundown of its product suite:SafePath: Home connectivity and security designed for families. Includes location and parental controls, Internet of Things device connectivity and network security.CommSuite: Voice messaging with several iterations, including the ability to check voicemail on any device or platform.ViewSpot: Designed for retailers. ViewSpot supports in-store display and analytics which track the "customer's in-store journey."Graphics: Includes solutions for 2D animators, comic artists, "hyper-realistic" digital painting and an app that turns photos into works of art.Should you buy SMSI stock? SmithMicro's net income has exploded recently, going from a loss of $3.14 million in 2018 to a gain of $3.2 million in Q3. Further, sentiment on SMSI is increasing. B. Riley's Josh Nichols slapped the stock with a "buy" rating and a price target of $8.50.That said, if you bought in before SMSI's 69% increase, keep holding the stock. For those of you looking for more triple-digit gains, I'd be wary of SMSI stock until a new catalyst emerges. Coffee Holding Co (JVA)Source: Shutterstock Sector: Food & Beverages Expected 5-Year Earnings growth: 16% YTD performance: -19.3%Like most of the companies on this list, you've probably never heard of Coffee Holding Co (NASDAQ:JVA) -- a scrappy little company whose business is beans. JVA sells coffee wholesale for several uses, which include green coffee, private-label use and as branded coffee.Back in 2011, Coffee Holding was on top of the world. Forbes named Coffee Holding No. 41 on its "Best Small Companies" list amid a boom in coffee stocks. Companies such as Caribou Coffee and Peet's Coffee & Tea were flying high as the price of coffee peaked around $2.90-per-pound.Today, both Caribou and Peet's are delisted as the price of coffee trades just under $1 per pound.The only U.S. coffee stock you hear about now is Starbucks (NASDAQ:SBUX), which is more akin to McDonald's (NYSE:MCD) than the aforementioned coffee stocks. But Coffee Holdings is still kicking despite the volatility in coffee prices, which have been in a bearish trend since November 2016. * 7 Exciting Stocks to Buy for Aggressive Investors Should you buy JVA stock? Its relative anonymity works in its favor; JVA stock currently has a single analyst (Stephen Anderson of Maxim Group) covering it, earning JVA its sole "buy" rating. Anderson's price target of $9 is nearly double JVA's current perch of $3.74.If Coffee Holding rises on the back of higher coffee prices, you can bet that price target will be revised higher and more analysts will pile in with their own targets. If you've got money to risk, buy JVA stock before that happens. Dolphin Entertainment (DLPN)Source: Shutterstock Sector: Cyclical Consumer Services Next year's earnings growth: 50% YTD performance: 20%If you evaluated Dolphin Entertainment (NASDAQ:DLPN) based solely on its 2018 performance, you may have run for the hills and not looked back.I understand if you did -- it's a relatively unknown company that has struggled for years to turn a profit, capped by a year of monster losses … why would anyone dare risk their own money in DLPN?Its massive upside potential. Three analysts have an average price target of $1.83 on the stock, more than double its current price of 90 cents.Should you buy DLPN stock? With all of the hoopla surrounding, Netflix (NASDAQ:NFLX) and Disney (NYSE:DIS), it's easy to forget there are other content production companies in existence. Dolphin Entertainment may not be the largest or the loudest, but it's making moves behind the Hollywood scenes. It acquired 42West marketing outfit, which gave DLPN a revenue stream in the public relations industry. And with a price-sales ratio of just 0.6 and a market cap of just $14.95 million, it's hard not to take a flier on DLPN stock.John Kilhefner is the managing editor of InvestorPlace.com. As of this writing, Kilhefner did not hold a position in any of the aforementioned securities. If you have questions about the site or suggestions about our content, email us at editor@investorplace.com. Want to pitch us an article? Send your ideas and tips to investorplacestories@gmail.com, and if we like it, you'll hear back from us! More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Exciting Stocks to Buy for Aggressive Investors * 20 Stocks to Buy From the Law of Accelerating Returns * 7 U.S. Stocks to Buy on Coronavirus Weakness The post 5 Penny Stocks to Buy If You Can Risk It appeared first on InvestorPlace.

  • Diapers to Bricks: A $100 Billion Plastic Challenge
    Bloomberg

    Diapers to Bricks: A $100 Billion Plastic Challenge

    (Bloomberg) -- As Asia-Pacific president of Dow Chemical Co., one of the world’s biggest producers of plastics and chemicals, Jon Penrice has 100 billion reasons to recycle.“About 8 million tons of plastics are going into the ocean annually,” he said in an interview. “If you look at plastic packaging, around 95% is not being recycled each year which is $100 billion worth of plastic, and that’s valuable for entrepreneurs.”At the center of the effort is Asia, which consumes almost half of the world’s plastic packaging, according to BloombergNEF, and imports even more waste from the U.S. and Europe. Solutions -- such as Indian vending machines that turn plastic bottles into polyester, and researchers in Singapore who are working out ways to clean up oil spills using the waste -- will be needed to meet demand for recycled plastics that’s forecast to rise faster than supply.The biggest challenge to the transition is to make recycled plastics at a price and quality that are competitive. Virgin plastic is derived from crude oil and is closely linked to the global oil price. Because the cost of recycled plastic is more stable, it becomes relatively more expensive when crude prices fall.See also: China Upended the Politics of Plastic and the World Is Still ReelingThe complexity of sorting different types of plastic is another hurdle, according to Penrice, as well as dealing with waste at source rather than producing a lot of carbon emissions by sending it half way around the world.An estimated $80 billion-$120 billion of value is lost because of packaging that goes into the environment, said Navneet Chadha, principal operations officer at the World Bank’s International Finance Corp., which helps fund private sector investment in developing countries. “We have to think of used plastic as a resource, not as a waste.”See also: World Seen Struggling to Recycle Even 50% of Its Plastic WasteBut Chadha cautioned that standards for recycled products need to be developed to avoid “unintended consequences”. Using plastic in road construction, for example, needs to be evaluated further as microplastics may be generated as the road decays, he said.Here are some of the ways plastic is being recycled in Asia:Traditional RecyclingPlastic waste is traditionally reused by collecting and sorting refuse and then melting it, a process known as mechanical recycling. Part of the problem is that a lot of garbage is tainted with food or chemicals and can’t cheaply be turned into high quality raw materials.“The biggest challenge is quality of recycled plastic,” said Jean-Marc Boursier, chief operating officer of SUEZ Group, one of the world’s largest recycling companies. “Major consumer goods companies like Danone, Pepsi or Coca Cola will not buy recycled plastic unless they are convinced that the quality is as good as virgin plastic.”SUEZ has nine plants globally that can turn a combined 500,000 tons of waste plastic into 150,000 tons of polymers, used to make shampoo bottles, car interiors and other products. The company is opening its first Asian plastic recycling plant this year in Thailand.Boursier suggests pricing the carbon savings into the recycled plastic price to take into account the environmental benefit.AerogelsA team of researchers at the National University of Singapore has developed a way to convert low-value plastic waste into aerogels -- ultra-light materials used in everything from diaper fillings to cleaning up oil spills.Around eight average plastic water bottles produce a square meter sheet of aerogel using the method, said Duong Hai Minh, an associate professor at the university who worked on the project. The researchers have sold commercial production rights to firms including Bronxculture in Singapore and DPN Aerogel JSC in Vietnam, he said.“People throw away plastic because there they don’t see any value,” Minh said. “As long as we can make it valuable, everyone will keep it and sell it.”HighwaysUsing plastic waste to build roads is gaining in popularity, not least because all types of plastic including difficult-to-recycle multilayered packaging and flexible films and coatings used to wrap chocolates and for food deliveries can be used. Dow Chemical and India’s Reliance Industries Ltd. have developed technologies that use this plastic as a binder, replacing some of the bitumen.The Mukesh Ambani-led company has built 40 kilometers of road at its refineries using plastic that can’t otherwise be recycled, and is in talks with National Highways Authority of India and other road builders about using the technology more widely, said Vipul Shah, chief operating officer for the petrochemicals business.Meanwhile Indian Oil Corp., the country’s biggest refiner, is trying to get the government to make the blending of non-recyclable plastics in road-laying mandatory, said S.S.V. Ramakumar, director of research and development.In the Philippines, San Miguel Corp. laid down its first road combining plastic scraps with asphalt last year, using surface material developed with Dow. The chemicals giant has also helped build plastic-based roads in India, Indonesia, Vietnam and the U.S., according to Dow’s Penrice.See also: The Philippines Is Making Roads and Cement With Plastic Garbage“It’s relatively simple from the technology point of view: you shred the plastic waste, some sorting and selection and then you feed it into the existing asphalt machinery,” he said. “Approximately 100 tons of plastic waste can be recycled into a 40-kilometer stretch of road.”TextilesShredding plastic bottles to produce polyester for clothing is another technology that’s gaining traction in Asia. Reliance has set up reverse-vending machines that collect used bottles in exchange for discount coupons that can be redeemed at its company stores.The company, India’s largest petrochemicals manufacturer, can recycle around 2 billion plastic bottles a year, or 33,000 tons, according to Shah. Capacity will be doubled over the next 18 months, he said.BricksSome non-government organizations and companies are looking at ways to use waste plastic to make bricks and other construction materials. The Global Ecobrick Alliance is promoting use of a block tightly crammed with plastic and other recyclables. Qube, an India-based start-up, has developed a brick made entirely of plastic waste. Called the PlastiQube, it’s cheaper and uses less energy to produce than conventional counterparts, according to the company’s website.Chemical RecyclingBreaking down waste plastic into a basic feedstock like naphtha -- a process called pyrolysis -- can reprocess dirty, contaminated plastics like detergent drums and mixed polymers that can’t be dealt with through mechanical recycling.Pyrolysis will provide around 17% of the 19 million tons of plastics recycling capacity required by 2030 in major economies, according to BloombergNEF. Dow will source oil feedstock made using pyrolysis from Dutch company Fuenix Ecogy Group, while Royal Dutch Shell PLC and Total SA have partnered with start-ups to increase use of the technology.“Mechanical recycling will continue to be cheaper,” said Boursier at SUEZ, which is setting up a pyrolysis pilot project in Bristol in the U.K. “But for complex or polluted plastic, chemical recycling will be the future.”(Company corrects second paragraph to show $100 billion is the value of all plastic packaging that’s not being recycled)To contact the reporters on this story: Saket Sundria in Singapore at ssundria@bloomberg.net;Debjit Chakraborty in New Delhi at dchakrabor10@bloomberg.netTo contact the editors responsible for this story: Serene Cheong at scheong20@bloomberg.net, Andrew Janes, Adam MajendieFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Bottled water firms turn on the taps with filters, flavours and fizz
    Reuters

    Bottled water firms turn on the taps with filters, flavours and fizz

    BERLIN/VEVEY, Switzerland (Reuters) - A German firm backed by bottled water giant Danone plans to launch a sparkling-water machine for the home early next year, its chief executive told Reuters, squarely taking aim at PepsiCo's SodaStream. Nestle, the bottled water market leader, is also considering a machine for the home with filters, flavours and fizz that would be a smaller version of its Refill+ dispensers being rolled out in cafeterias, hotels and offices this year. Concerns about plastic waste and the environmental impact of transporting bottled water are prompting more people to drink straight from the tap, which is in turn pushing water firms to come up with new products to keep customers on board.

  • Bottled water firms turn on the taps with filters, flavors and fizz
    Reuters

    Bottled water firms turn on the taps with filters, flavors and fizz

    BERLIN/VEVEY, Switzerland (Reuters) - A German firm backed by bottled water giant Danone plans to launch a sparkling-water machine for the home early next year, its chief executive told Reuters, squarely taking aim at PepsiCo's SodaStream. Nestle , the bottled water market leader, is also considering a machine for the home with filters, flavors and fizz that would be a smaller version of its Refill+ dispensers being rolled out in cafeterias, hotels and offices this year. Concerns about plastic waste and the environmental impact of transporting bottled water are prompting more people to drink straight from the tap, which is in turn pushing water firms to come up with new products to keep customers on board.

  • Reuters

    Japan, U.S. lead survey's corporate climate change action 'A List'

    BT , Danone, Microsoft and Sony are among 178 companies with top marks in the latest global ranking of transparency and action on climate change. Japan and the U.S. were the countries with the headquarters of the most 'A List' companies individually, while regionally, Europe as a bloc was home to the highest number. Companies are coming under pressure from customers and investors to step up efforts to help slow climate change in accordance with the 2015 Paris climate agreement to phase out greenhouse gas emissions by shifting away from fossil fuels.

  • Does Danone S.A.'s (EPA:BN) CEO Salary Compare Well With Others?
    Simply Wall St.

    Does Danone S.A.'s (EPA:BN) CEO Salary Compare Well With Others?

    Emmanuel Faber became the CEO of Danone S.A. (EPA:BN) in 2014. This report will, first, examine the CEO compensation...

  • Signature Select Canadian Fund's Top 5 Buys
    GuruFocus.com

    Signature Select Canadian Fund's Top 5 Buys

    Fund’s top buy is in gold ETF. It also enters a small stake in Buffett’s conglomerate Continue reading...

  • Is Danone S.A. (EPA:BN) A High Quality Stock To Own?
    Simply Wall St.

    Is Danone S.A. (EPA:BN) A High Quality Stock To Own?

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Should Danone (EPA:BN) Be Disappointed With Their 36% Profit?
    Simply Wall St.

    Should Danone (EPA:BN) Be Disappointed With Their 36% Profit?

    The main point of investing for the long term is to make money. But more than that, you probably want to see it rise...

  • Danone (EPA:BN) Has A Pretty Healthy Balance Sheet
    Simply Wall St.

    Danone (EPA:BN) Has A Pretty Healthy Balance Sheet

    Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

  • Reuters

    UPDATE 2-European stocks subdued by mixed corporate earnings and Brexit

    Mixed earnings reports kept a lid on European stocks, with London's midcap index suffering from doubts over whether British lawmakers will back the government's Brexit bill on Tuesday. The pan-European STOXX 600 finished up just 0.1%, with a weaker pound helping London's exporter-laden FTSE 100 outperform with a 0.7% gain. The FTSE 100 was also lifted by a 24% jump in food delivery firm Just Eat after Dutch internet conglomerate Prosus made an unsolicited $6.3 billion cash bid.

  • Market Exclusive

    Market Morning: Brexit Deal Details, Drug Wars, Danone Down, Aramco Delay, Hong Kong Boils

    The Lowdown on The Brexit Deal It’s going to be a weekend of fireworks galore in the United Kingdom, possibly one of the most interesting times in the country’s history since World War II. Except this time nobody is going to get bombed and killed, so that’s definitely a plus. SEE: Canopy Rivers Gets Approval […]The post Market Morning: Brexit Deal Details, Drug Wars, Danone Down, Aramco Delay, Hong Kong Boils appeared first on Market Exclusive.

  • Reuters

    UPDATE 2-String of weak earnings leave European stocks barely up on the week

    Gloomy earnings reports from French carmaker Renault and food group Danone drove European shares lower on Friday, rounding off a tumultuous week that left investors waiting anxiously for the next twist in the Brexit saga. The pan-European STOXX 600 index finished 0.3% lower and Paris-listed shares lagged the most with a 0.65% decline, hit by weak quarterly results. Renault dropped 11.5% to become the biggest decliner on the STOXX 600, after the company cut its full-year revenue and profit forecast, the latest to suffer in an auto market downturn.

  • Reuters

    INSIGHT-Plastic bottles vs aluminium cans: who'll win the global water fight?

    Global bottled water giants are ramping up trials of easily recyclable aluminium cans to replace plastic that pollutes the world's seas. Aluminium cans might indeed mean less ocean waste, but they come with their own eco-price: the production of each can pumps about twice as much carbon into the atmosphere as each plastic bottle. French group Danone has become the latest company to make a move, telling Reuters it had started to replace some plastic bottles with aluminium cans for local water brands in Britain, Poland and Denmark.

  • Should Danone S.A.'s (EPA:BN) Recent Earnings Decline Worry You?
    Simply Wall St.

    Should Danone S.A.'s (EPA:BN) Recent Earnings Decline Worry You?

    When Danone S.A.'s (ENXTPA:BN) announced its latest earnings (30 June 2019), I wanted to understand how these figures...