Non-Cyclical Consumer Goods
NEW YORK, Nov 26 - Every industry has its loss leaders, and the investment world is no different. The theory is that you will go to the store for the $12 turkey and stick around to buy dressing, cranberries, juice, pies and two kinds of potatoes. Mmmm, but I digress.
CAIRO, Nov 26 - UAE's Abraaj Investment Management said on Wednesday it would raise its price for Egyptian cake and biscuit maker Bisco Misr to 80.58 Egyptian pounds ($11.27) per share following a counter bid by Kellogg Co.
LONDON, Nov 26 - Britain's Compass Group, the world's biggest catering firm, said it expected revenue growth to accelerate next year as its businesses in Europe and Japan recovered.
SHANGHAI, Nov 26 - A senior executive at Kweichow Moutai Co Ltd's parent company has been placed under investigation by China's top disciplinary watchdog for suspected corruption, adding to the woes of China's top seller of fiery liquor baijiu.
* CEO sees soft drink category flat to slightly down in 2015
MUMBAI - Investors in India's markets are betting that Finance Minister Arun Jaitley will persuade a more hawkish Reserve Bank to reduce benchmark interest rates as early as next week.