Economy and finance
830 news found
Economy and financeCrédit Agricole will ask ECB authorization to cross 20% in the share capital of Banco BPM
The Milanese bank is the subject of a takeover bid from Unicredit
The Board of Directors of Crédit Agricole S.A. has approved to file an authorization request with the ECB to cross 20% in the share capital of Italian Banco BPM S.p.A.With this authorization, Crédit A... more
Economy and financeFerrero is eating WK Kellogg's cereals.
Deal already closed: the confectionery company led by Giovanni Ferrero has paid $3.1 billion for the iconic US brand.
The rumor that Ferrero was interested in WK Kellogg (see EFA News ) has been confirmed. A joint statement from Luxembourg and Battle Creek, Michigan, announced that the Ferrero Group and WK Kellogg Co.... more
Economy and financePlasmon returns to Italy: thanks to NewPrinces
Mastrolia's company and Kraft Heinz have signed a €120 million deal
The bombshell, metaphorically speaking, exploded shortly after the stock exchange closed for trading in Piazza Affari. After rumors, gossip, and some tentative confirmations (see EFA News), NewPrinces,... more
Economy and financeAre EU quotas for Ukraine disproportionate?
Copa Cogeca and seven other associations express "serious concerns" regarding the treatment of sensitive sectors
Copa Cogeca and seven other associations have issued a statement outlining their "initial reactions to the revision of the EU-Ukraine Trade Agreement (DCFTA)." They write, "We note the publication of the... more
Economy and financeUS tariffs: Trump ready to send letter to EU
The letter specifying the amount of duties on European exports is expected to be sent in a couple of days.
Those analysts and international experts who just yesterday predicted that US President Donald Trump's letter on tariffs would be unlikely to reach the EU were wrong. Instead, the same treatment reserved... more
Economy and financeUkraine: Italy leads the way in olive oil and coffee imports
From January to May, the import of oil from Italy increased by 21.86%, that of roasted coffee by 2.1%
Italy continues to be a point of reference for the agri-food sector of Ukraine despite the winds of war that continue to blow. After the data that confirms the made in Italy pasta as number one in terms... more
Economy and financeMineral fertilizers: use down 20.5% in six years in the EU
In 2023, 9.3 million tonnes were used in agricultural production across the countries
According to Eurostat, in 2023, 9.3 million tonnes of mineral fertilizers (nitrogen and phosphorus) were used in agricultural production across the European Union. This represented a decrease of 3.7% compared... more
Economy and financeFAO /2. Cereals: Global production peak expected in 2025
Heat and drought could, however, affect yield potential, particularly for corn
FAO’s latest forecast calls for global cereal production in 2025 to reach an all-time high of 2 925 million tonnes, up 0.5 percent from last month and 2.3 percent from the 2024 level. The upward revision i... more
Economy and financeFAO: Price Index Slightly Increased (+0.5%) in June
Vegetable oils, meat and dairy products offset the decline in cereals and sugar
The FAO Food Price Index, a benchmark for global food commodity prices, averaged 128.0 points in June 2025, up 0.5 percent from May. Although international prices of cereals and sugar declined, these declines... more
Economy and financeCommodities. Sugar: prices and imports in the EU rise
Slight drop (-0.2%) in milk deliveries, offset by the boom in Ireland (+7.9%)
The European Commission has published the first supply and demand forecasts for the 25/26 campaign. Sugar production is expected at 15.2 million t, -8% compared to the previous campaign. The drop in areas... more
Economy and financeEurozone economic outlook improves
Hcob S&P Global PMI Index: June saw more production for manufacturing and services (transport, food, tourism, trade)
The eurozone private sector posted a sixth consecutive month of increased output in June, and a fourth consecutive monthly increase in employment. Growth rates remained weak in both cases, "but the ongoing... more
Economy and financeIntesa Sanpaolo Best European Financial Institution for Analyst and Investor Relations
The recognition comes from IR Impact magazine on the occasion of the IR Impact Awards 2025
Following the important awards given by Extel to Carlo Messina and Intesa Sanpaolo (read the EFA News ), the Bank has been recognized as the best European financial institution for relations with financial... more
Economy and financeElica Transforms Chinese Subsidiary into Strategic Hub
Elica Home Appliances (Putian) acquired for almost 2 million euros
Elica, a company listed on Euronext Star Milan and active in the production of kitchen hoods and cooker hobs, announces that it has signed today the acquisition of the residual 0.56% of the share capital... more
Economy and financeIlly, the ownership structure of the holding changes
Daria Illy leaves after 16 years: her 19% stake sold
The Illy family, as planned, has completed the reorganization process of the group with the change of ownership structure of Holding Illy Spa, that is, the family safe at the top of the control chain of... more
Economy and financeNestlé: Paul Bulcke steps down after nearly 50 years. Pablo Isla proposed as successor
The Chairman of the Board of Directors will not re-present his candidacy for the 2026 meeting
Paul Bulcke , Chairman of the Board of Directors, will not stand for re-election at the Annual General Meeting (AGM) of Nestlé SA on 16 April 2026. After nearly 50 years of service, including 14 years... more
Economy and financeEurozone, current account surplus puts brakes on
ECB: in April, the balance of payments on gross flows relating to trade in goods, services and income fell by 30 billion
In April 2025, the current account of the euro area recorded a surplus of 20 billion euros, with a decrease of 31 billion euros compared to the previous month. This was reported today by the ECB according... more
Economy and financeChina "stable and resilient" economy
Retail sales of cereals, oil and food +14.6%: consumer price index -0.1% year-on-year, -0.2% monthly
China’s economy in May was "generally stable with steady growth". The National Bureau of Statistics of China reports that in May, all regions and departments "the national economy has maintained stability a... more
Economy and financeBayer: Sustainability Council renewed
Five new members join, with a view to achieving the 2030 objectives
Since 2020, the Sustainability Council, composed of external experts, has advised Bayer’s management and internal working groups on sustainability issues. Effective June 1, 2025, the following five new m... more
Economy and financeEU: agricultural production prices still up (+2.6%) in Q1
Milk (+12.6%), eggs (+10.7%) and cereals (+9.6%) inflation increases. Sharp drop for olive oil (-43.5%)
According to Eurostat, in the first quarter of 2025, the average price of agricultural production in the European Union increased by 2.6%, marking the second consecutive quarter of price increases. The... more
Economy and financeEU. Accommodation and food service: production down year-on-year in March
The trend is in contrast with the general trend of services, which is expected to grow in 2024 (+2.9%)
According to Eurostat's first estimates, in March 2025, compared with February 2025, seasonally adjusted services production increased by 0.9% in the euro area and by 0.6% in the European Union. In February... more
Economy and financeEurostat raises Eurozone GDP estimates
In the first quarter 2025, +0.6% over the previous quarter and +1.5% over a year ago
In the first quarter of 2025, seasonally adjusted GDP increased by 0.6 percent compared to the previous quarter in both the euro area and the EU. The figure comes from an estimate released today by Eurostat,... more
Economy and financeUK relaxes border controls for vegetables from EU
Border bureaucracy relief for fruit and vegetable imports extended to Jan. 31, 2027
The British government said it intends to eliminate border controls for fruit and vegetable imports from the EU. According to the executive's statement, post-Brexit border controls on "medium-risk" fruits... more
Economy and financeCircana expands and incorporates NCSolutions
Closing for deal that brings in consumer consultant's jv from Nielsen and Catalina
Circana, a global consultant on the intricacies of consumer behavior, announced that it has successfully completed the acquisition of NCSolutions (NCS), the joint vture between Nielsen, globally active... more
Economy and financeIce creams. Casa Optima changes hands
Sale of the company to a group of investors led by Terlos
Casa Optima, an Italian group active in more than 150 countries and owner of eight brands among the most popular and appreciated in the market of artisanal ice cream, high quality pastry and mixed drinks,... more
Economy and financeNestlé: A center for advanced food technology is born
Investments will be enabled by a more agile R&D organization
Nestlé today announced the strengthening of its biotechnology R&D capabilities and the creation of a new deep tech center, to enhance its innovation pipeline and increase efficiency in research, innovation... more
Economy and financeBayer: turnover stable at 13.738 billion euros in the first quarter
Crop Science Division Drives the Group: Over 3.5 Billion More Expected by 2029
The Bayer Group has made a solid start to the year. The first quarter 2025 results highlight earnings growth in the Pharmaceuticals Division in particular. The company expects the division's sales growth... more
Economy and financeDuties: Truce with China and reduced tariffs
Beijing grants cut from 125% to 10%, Washington from 145% to 30%. European stocks and dollar rise
The US and China are finally seeing a thaw in tariffs. The announcement comes from Geneva, where negotiations are underway at the home of the Swiss ambassador to the United Nations. According to a joint... more
Economy and financeEU, counter-duties worth 95 billion if negotiations with US fail
They will be applied on industrial and agricultural products: public consultation launched on a list of U.S. imports
Negotiations with the U.S. "are ongoing at both the political and technical levels". So says the European Commission, which meanwhile continues to prepare potential countermeasures. In fact, according... more
Economy and financeAbInbev, solid start of the year
The first quarter of the brewery closes with revenues up by 1.5%: turnover per hl rises by 3.7%
Ab-Inbev, Annheuser-Busch InBev, the world’s largest brewer with brands such as Leffe, Budweiser, Corona and Stella Artois, closed Q1 2025 with a 1.5% increase in sales and a 3.7% increase in sales per h... more
Economy and financeChanging of the guard at Nestlé Confectionery UK.
Scott Coles general manager to replace Mark Davies: will lead expansion of KitKat market share
Just over a week after the announced changing of the guard in the Americas Zone with new ceo Jeff Hamilton Nestlé provides for a turnover in the UK as well. Scott Coles, in fact, has been appointed, effective... more
Economy and financeDe' Longhi, positive 2024 accounts and renews board of directors
Financial year with revenues +13.7% and profit +24.1%. Fabio de' Longhi appointed chairman
The shareholders' meeting approved the fiscal year 2024 financial statements of De' Longhi, a group listed on Euronext Milan and active in the small household appliance sector dedicated to the world of... more
Economy and financeBayer's Crop Science Division: Guru Ramamurthy Appointed CFO
He will take up the position on July 1, succeeding Oliver Rittgen, who is leaving the company.
Bayer has announced that Guru Ramamurthy will become the new Chief Financial Officer (CFO) of Bayer’s Crop Science division. He will succeed Oliver Rittgen , who has decided to pursue a career opportunity o... more
Economy and financeMaschio Gaspardo closes a 2024 "solid"
Revenues at 349.9 million euros, ebitda at 41.32 million: expansion in India confirmed
Solidity, investment and international development. These are the three drivers who led the 2024 accounts of Maschio Gaspardo, an international group specialized in the production of agricultural equipment.... more
Economy and financeNestlé /2. Good organic growth for Nespresso (+5.7%), Sanpellegrino and Acqua Panna
Nestlé Health Science slows, dairy products and ready meals remain stable
Nestlé’s first quarter 2025 results (read EFA News ) show a mixed picture, depending on the sector. Nestlé Health Science, for example, has slowed down in organic growth, with mixed results. In VMS (Vi... more
Economy and financeNestlé: organic sales growth (+2.8%) in the first quarter of 2025
CEO Freixe: "Results in line with our expectations. Forecasts for the current year remain unchanged"
Sweets (+8.9%) and coffee (+5.1%) among the most dynamic sectors. more
Economy and financeDanone, a strong first quarter does not stop the sale of Provamel
Closed with a 4.3% increase in turnover: Germnaia prepares to sell the organic milk brand by August
"Strong start of the year". This marks the beginning of Danone’s official press release for the first quarter 2025, which closed with sales of 6.844 billion euros, up 4.3% on a homogeneous basis (LFL). A... more
Economy and financeLactalis exceeds 30 billion for the first time
Closed 2024 with revenues of 30.3 billion: net profit at 359 million, down due to French taxes
The Lactalis group closes a 2024 to be marked with the red circle since for the first time in its history it exceeds the milestone of 30 billion Euros in turnover. According to the financial figures, last... more
Economy and financeInvestindustrial buys DCC and expands into nutraceuticals
Irish food supplement company acquired for more than €1.2 billion
Investindustrial, a private equity firm founded by Andrea Bonomi, has signed an agreement through Healthco Investment Limited to acquire DCC Healthcare from DCC plc, an Irish company listed on the UK... more
Economy and financeMilk: Production lower than expected in the European Union
Cocoa Bean Volumes Down Worldwide YoY. Raw Coconut Oil Prices Skyrocket
Although the European Commission, in the medium-term forecasts published at the end of 2024, projected an increase in milk production in the European Union of +0.6% compared to 2024, milk deliveries are... more
Economy and financeNestlé: CEO Freixe and Board of Directors re-elected
Shareholders gathered in Lausanne for the group's 158th Annual General Meeting
Nestlé SA held its 158th Annual General Meeting at the SwissTech Convention Center in Lausanne on Wednesday, 17 May. Shareholders approved all proposals of the Board of Directors. 986 shareholders or... more
Economy and financeCounterduties, the EU suspends them for 90 days
After the suspension of Trump, the European Union responds with the same currency: yesterday it decided the counterrates that remain in limbo
The EU has decided today to suspend for 90 days the counterduties to the USA decided yesterday, Wednesday 9 April. Commission President Ursula von der Leyen announced on social X after President Donald... more
Economy and financeTrump stalls on duties, stock exchanges celebrate
Extension of 90 days on the application of tariffs (not for China): Piazza Affari travels up 6.1%
The international stock exchanges, first of all the Italian ones, are taking a breath today after the US president, Donald Trump, announced a 90-day break on the application of "reciprocal duties". All... more
Economy and financeEU agri-food trade: surplus at 63.6 billion euros
Both exports (+6.6 billion) and imports (+12.4 billion) are growing. UK is the leading partner
The European Commission's Agri-Food Report 2024 shows that both exports and imports in the sector have reached a record high. Despite ongoing global challenges, the report describes several positive developments.... more
Economy and financeFrench Chequers take over Gourmet Italian food
Closing of the transaction announced in February: purchase by Fvs Sgr and minority partners of Gif
Announced last February, the deal with which Chequers Capital, a French private equity firm, has taken over 100% of the Italian group Gourmet Italian food controlled by the Italian fund Alcedo sgr through... more
Economy and financeHermes saves Bialetti?
Two funds, Nuo (by Exor and Stephen Chang) and Jakyval (by Guerrand Hermes) would be taking over the company in crisis
Will it be the "turning point" good? If you ask how many people have been watching for some years the crisis of Bialetti, a brand stranoto to coffee lovers and not only. There are insistent rumors that... more
Economy and financeFrench shopping for Pozzi Milano
The company specialized in "table fashion" acquires Venditio
Pozzi Milano, a group active in the "table fashion" sector listed on Euronext Growth Milan, has completed the acquisition of 90% of Venditio’s share capital, master agent specializing in the promotion o... more
Economy and financeEataly makes happy the member of Tamburi investment parners
In a letter to shareholders, satisfaction with the subsidiary's 50 million ebitda
"Eataly, an excellent year, with increased turnover and more than 50 million ebitda, thanks to a very effective management that has managed in a short time to relaunch the high positioning of the brand... more
Economy and financeEU approves purchase of Cigierre by QuattroR
According to Brussels the transaction "does not raise problems of competition"
The EU Commission today authorised the acquisition of Cigierre by QuattroR and BC Partners. According to the official statement from Brussels, "the European Commission has approved, under the EU merger... more
Economy and financeBofrost Italy, sales up to 300 million
The frozen food company closes the fiscal year with a "solid and stable" business model
Bofrost Italia S.p.a closes the business year 2024-2025 with a turnover of 300 million Euro, in slight increase. This result, the official press release stresses, "confirms the stability and solidity of... more
Economy and financeCampbell’s is no longer the usual soup
Due to the snack segment, closes 2° quarter with organic net sales -2%
Campbell’s, the undisputed American giant of canned soups, today lowered its annual sales and profit forecasts, pointing to weak snack demand and intense competition from cheaper private brands. The c... more