Non-Cyclical Consumer Goods

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Stern Advice-The loss leaders of the investment world

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.

7:00pm IST

Abraaj raises Bisco Misr offer to 80.58 EGP per share

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.

Regulatory News, IPOs 6:15pm IST

UPDATE 1-Compass Group sees revenue growth picking up next year

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.

4:29pm IST

China's Kweichow Moutai exec probed for "serious disciplinary violations"

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.

4:22pm IST

UPDATE 2-Price wars make drinks maker Britvic wary on 2015

* CEO sees soft drink category flat to slightly down in 2015

3:35pm IST
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