|Bid||3,697.00 x 6300|
|Ask||3,699.00 x 10000|
|Day's Range||3,693.00 - 3,726.00|
|52 Week Range||3,365.00 - 4,333.00|
|PE Ratio (TTM)||16.02|
|Dividend & Yield||1.20 (2.42%)|
|1y Target Est||N/A|
LONDON/LOS ANGELES, Sept 15 (Reuters) - Nestle's high-priced purchase of a majority stake in California-based coffee bar chain Blue Bottle this week, highlights how big companies are seeking exposure to fast-growing premium brands driven by millenials. Since 2015 there have been nine coffee deals by JAB Holding Co, owned by Europe's billionaire Reimann family. With brands like Douwe Egberts and Tassimo sitting alongside Blue Bottle rival Intelligentsia, JAB now owns the second-biggest packaged coffee business behind Nestle, owner of Nescafe and Nespresso.
U.K. blue-chip stocks cling to thin gains, held in check by a climb in the pound above $1.32 ahead of the release of inflation data.
Hotel and hot beverages play surges after bubbly first-quarter numbers.