McCormick buys Unilever’s food business in deal that values it at nearly $45 billion
[ad_1] Jars of Unilever brand Hellmann’s mayonnaise for sale at a store in Dobbs Ferry, New York, U.S., Wednesday, Jan. 19, 2022. Tiffany Hagler-Geard | Bloomberg | Getty Images McCormick will buy Unilever’s food business for a combination of cash and equity, in a deal that values the Unilever unit at nearly $45 billion, the […]
Say hello to ‘Bye America!’: Three trades to navigate U.S. Big Tech disruption
[ad_1] A portfolio manager at Julius Baer has sketched out trades for investors looking to dial down their exposure to U.S. AI as investors cool on the sector. “There’s a lot of disruption in the U.S. at the moment,” Tom Watts told CNBC’s “Squawk Box Europe” Tuesday. “It comes in three stages how you can […]
UK companies seek deeper ties with Europe as Trump tariffs fuel uncertainty, business groups say
[ad_1] The MSC Emma container ship on the dockside at the Port of Felixstowe in Felixstowe, UK, on Thursday, Nov. 20, 2025. Bloomberg | Bloomberg | Getty Images British companies are seeking deeper trade ties with Europe, business groups told CNBC, as U.S. President Donald Trump unveiled a sweeping 15% tariff on all imports after […]
Nestle plans sale of ice cream business as fourth-quarter sales growth beats estimates
[ad_1] Nestle shares rose 3% Thursday after the maker of Nescafé and KitKat reported organic sales growth for the fourth quarter that beat analyst forecasts. The closely watched organic growth rate came in at 4%, beating a FactSet consensus of 3.55%. For 2026, Nestle said it is targeting organic sales growth of 3% to 4%, along with […]
CNBC’s UK Exchange newsletter: Compass shifts its trading to dollars — and it might not be the last
[ad_1] This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch Compass is that rare beast — a British company that is a genuine world leader in its field. The world’s biggest contract caterer, which annually serves 5.5 billion meals in schools, colleges, workplaces, hospitals and sporting venues in more than […]