take the french food giant danone, for example.lso one of the world's biggest bottled water companies, with brands including evian, mizone and indonesian aqua. back in 2009, danone promised to use 20 to 30% recycled pet plastic in its water bottles by 2011. but they failed. you'd never know it, though. by 2014, the danone website said this: the goal is to achieve a rate of 25% of recycled pet by 2020. so, the company just delayed this promise by almost a decade. but globally, danone waters still used only 19.8% recycled pet in 2020. for 2025, they now have a yet another new goal: >> “we committed, by 2025, to use 100% rpet in all our brands in europe and 50% worldwide.” >> after dragging its promises out for over a decade, danone has made at least some progress. other companies are even further away from their own commitments. nestlÉ only used 5% recycled pet in 2020. coca cola's european branch was at 9%. and italian ferrero, who promised to get to 50% by 2025, only started releasing any such bottles in 2021. so what about the pro

today the details of how the french company danone is going to get rid of part of its russian businessown. good news danone admits he'll be back, according to newspapers kommersant, citing sources to potential investors, the french company offered from 75% of danone's russian assets after the transaction wants to retain not only a share, but also a seat on the board of directors of the russian company, as well as include in the transaction the possibility of a buyback according to the information of the merchants, the transaction is going to include only russian brands. prostokvashino rastishka tyoma still has a global one, for example, an asset and an asset. so they turn attention at capital to the inclusion of a buyback option in the deal strongly will limit the range of potential buyers given. he has been working in russia since 1992. she has 18 plants here last spring. it stopped supplying even mineral water and alpro plant products to russia. in october, it announced its intention to get rid of the russian business. with the exception of baby food, the russian stock market is curr

the french company danone is ready to transfer control over part of the russian assets, according to kommersant newspaper, citing sources , potential investors were offered from 75% of the assets, while this is given. he wants to keep his share and seats on the board of directors of the russian company and include a buyback option in the deal dan but he is one of the three largest producers of dairy products in russia, it operates 13 factories in russia that produce branded dairy products. prostokvashino active. aktimel danisima, tyoma and alpra, but sources say that only the prostokvashino rastishka and tyoma brands should enter the deal, while among potential buyers. there are several investment funds, as peregrine capital said, the inclusion of a buyback option in the deal will greatly limit the circle of potential buyers such a condition, for example, as reported by the ministry of industry, it was during the sale of assets of nissan and renault to the state, as well as during the sale of the mcdonald's network to the company wednesday. consulting. they say that the brand is simp

what's going on at danone?have breaking news from one of the biggest dairy companies in the world. in the fourth quarter, like for like sales peaked comfortably at 7%, the bear market was looking for 6.9%. in terms of guidance, this is where it begins to become interesting. 2023, 3-5%, the estimate is 4.0%, but the issue for danone's rising food prices. that is what boosted topline revenue growth. the fastest sales growth in more than a decade. sales rose overall in 2022 by 7.8 percent, a comfortable beat. pricing, want to understand why your yogurt is more expensive? pricing is up more than 8.7% and did not dent tremendously on the volume, slipping barely .8%. it's a big turnaround time for this company. inflation is at a 40-year high, we will keep you up on the breaking headlines from dan one in terms of guidance for economic growth for 2023. so, we are worried that the fomc minutes could be slightly hawkish. that could implode the field of disinflation, which the equity market has believed in for some time.

nonetheless, danone up 1.8% in paris.ast one i will look at is in the spanish pharmaceutical sector, grifols. their chairman resigns due to health issues, but that is dropping the stock down around 8% following restructuring last week including job cuts. some analysts are asking where the direction of that company will go with the chairman leaving so quickly. anna: thank you. joe easton with a look at the stocks on the move this morning from our equities team. coming up, we will pick up on one of the stories joe was talking about. we will be the joined by the lloyds ceo after they announced a big share buyback program. the stock is down by over 2%. we will get into the details of why and what is behind the upgraded guidance. that interview coming up live next. this is bloomberg. ♪ anna: welcome back to the european open. we are 40 minutes into european trading day. european equity markets are on the back foot this morning, down by 0.8% on the stoxx europe 600 as we look to catch up with what happened on wall street yester

vat cancellation and danone could sell three quarters russian business.ng the conditions for maintaining 25% of the assets, the possibility of repurchase and a seat on the board of directors , kommersant writes about this, several investment funds are interested in buying. in the event of a deal. they will be able to purchase only russian brands given by prostokvashino rastishka and tyoma, while the company has excluded the sale of the baby food segment. dano is one of the world's largest producers of dairy products. the company has been operating in russia since 1992. this was the news of the economy in short. crimean authorities will soon nationalize the property of the ukrainian oligarchs renat akhmetov and igor kolomoisky, as well as several ukrainian banks and factories , was informed about this by the head of state, vladimir konstantinov, and now he is in direct contact with us vladimir andreevich we welcome you. good afternoon. in addition to factories and banks, which we mentioned, what kind of assets will be affected by nationalization, what kind

. >> danone has reported a growth, beating expectations they fell to 2.7% sales of the year as inflationary pressures hit in the second half of 2022 the french group said they were able to raise prices between 3% and 5% as you see there, shares were up this morning, up about 1.5%. in the auto sector, stellantis's profit jumped. the carmaker also announced a $ 1.5 billion euro charlotte joins us at the desk to what does this carmaker owe the strong performance >> despite shipments being down 2%, so, of course, they had the price strategy, they said they suffered some supply chain issues you see the impact there they had raw material cost that had a negative impact of 6.5 billi ion euros. they say they've reached a net cash synergy of 7.1, two years ahead of the $5 billion target they had thanks to the pricing strategy as well, they say they have margins at 13% above expectation there. of course, a big push to ev, allowing the higher margins there. they launched their first jeep all electric they have 25 evs on the market they're going to present nine more they're looking at what's rolling ou