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Monday 25 November 2024
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Institutions

Coffee prices fall, after reaching 4‐month highs, as market is well‐supplied

Desk3 -
LONDON – The ICO composite indicator rallied briefly to above 135 US cents/lb but quickly fell back to the level of June. This comes...
Companies

Starbucks posts weaker-than-expected 3Q revenue, lowers 2017 forecast

Desk3 -
SEATTLE, U.S. – Starbucks shares declined in aftermarket trading Thursday after the company missed Wall Street’s projections in much of the world and lowered its full-year 2017 forecast. The tepid results sent shares plunging and followed Starbucks’ agreement earlier Thursday to buy out its East China joint venture ...
Climate

Climate: El Niño WATCH cancelled; ENSO neutral likely for 2017

Desk3 -
MELBOURNE, Australia – The BOM's ENSO Outlook has been reset to INACTIVE after an easing of climate model outlooks, and a reversal of the early autumn warming in the eastern tropical Pacific Ocean. In the atmosphere, the trade winds and ...
Climate

Tropical Pacific remains warmer than average, says Australia’s BOM

Desk3 -
MELBOURNE, Australia – The El Niño–Southern Oscillation (ENSO) remains neutral. With the tropical Pacific Ocean warmer than average, and around half the international climate models reaching El Niño levels later in the year, development of El Niño in 2017 cannot be ruled out.
Market & Trade

Olam International reports 26.6% growth in PATMI for first quarter of 2017

Desk3 -
SINGAPORE – Olam International Limited (Olam, the Group or the Company) today reported improved year-on-year earnings for the quarter ended March 31, 2017 (Q1 2017). This was primarily due to improved operational performance, which offset higher depreciation and amortisation and finance costs resulting from ...
Companies

Dunkin’ Donuts: same-store sales growth less than estimated in Q1

Desk3 -
MILAN – In 1Q17, SSSG for Dunkin’ Donuts, which operates under the umbrella of Dunkin’ Brands, was flat in the United States. The increase in ticket size was offset by less traffic. The company blamed colder weather in March 2017 in the Northeast markets for the fall in traffic, claiming that it lowered the segment’s SSSG by 0.60%.
Institutions

Report from the World Bank sees balanced Arabica market, Robusta deficit

Desk3 -
MILAN – Coffee, tea and cocoa prices could fall by more than six per cent this year due to greater supply, according to the latest Commodity Markets Outlook from the World Bank. Agricultural raw materials production is expected to rise by four per cent. The report is also forecasting higher prices for industrial commodities, principally energy ...
Science

ENSO still neutral, but tropical Pacific waters continue to warm, say BOM

Desk3 -
MELBOURNE, Australia – The El Niño–Southern Oscillation (ENSO) remains neutral. However the Bureau's ENSO Outlook is currently at El Niño WATCH, meaning there is around a 50% chance—twice the normal likelihood—of El Niño developing in 2017.
Companies

Tough consumer outlook knocks Whitbread shares despite strong results

Desk3 -
LONDON – Whitbread posted a robust set of annual results on Tuesday, but warned of the ongoing risks relating to Britain’s decision to quit the European Union, which sent shares sliding. The owner of Costa Coffee reported an increase in profits last year in the 12 months to 2 March - underlying pre-tax profits rose ...
Companies

Nestlé reports solid sales growth, confirms 2017 full-year guidance

Desk3 -
VEVEY, Switzerland – Nestlé reported today three-month sales for 2017. Highlights include a 0.4% increase in sales and a solid organic growth at 2.3% with 1.3% of real internal growth (RIG) and pricing of 1.0%. Sales were reduced by foreign exchange (-0.4%) and net divestments (-1.5%).
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