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Danone SA (DANO.PA)

DANO.PA on Paris Stock Exchange

71.20EUR
15 Dec 2017
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Fri, Dec 1 2017

Fonterra cuts FY earnings forecast after Danone arbitration decision

Dec 1 New Zealand dairy Fonterra Co-operative Group cut on Friday its forecast earnings for the financial year after a tribunal determined it must pay Danone SA NZ$183 million ($125.10 million) for recall costs incurred by the French company.

BRIEF-Fonterra Co-Operative ‍Revises Earnings Forecast After Outcome Of Danone Arbitration​

* MADE A DECISION TO REVISE ITS FORECAST EARNINGS PER SHARE RANGE FOR 2017/18 FINANCIAL YEAR TO 35 TO 45 CENTS, DOWN FROM 45 TO 55 CENTS​ Source text for Eikon: Further company coverage:

New Zealand's Fonterra to pay Danone $125 million in damages - Danone

WELLINGTON, Dec 1 New Zealand's Fonterra has been ordered to pay French company Danone 105 million euros ($125 million) in damages over the recall in 2013 of its whey protein concentrate due to a contamination scare, the two companies said.

BRIEF-Danone Says Co Awarded Damages Of €105 Mln To Be Paid Immediately By Fonterra ‍​

* AWARDED DAMAGES OF €105 MILLION TO BE PAID IMMEDIATELY BY FONTERRA FOR COSTS SUFFERED AS A RESULT OF FONTERRA FOOD SAFETY FAILURES OF 2013. ‍​ Source text for Eikon: Further company coverage:

Fonterra seeks trading halt pending outcome of arbitration with Danone

Dec 1 New Zealand's Fonterra requested an immediate temporary trading halt on Friday to have time to consider the outcome of its arbitration with Danone SA regarding its 2013 whey protein concentrate precautionary recall.

BRIEF-Fonterra Requests Temporary Trading Halt

* ‍REQUEST HAS BEEN MADE TO GIVE FONTERRA TIME TO CONSIDER OUTCOME OF ITS ARBITRATION WITH DANONE ​

RPT-UPDATE 2-Danone CEO assumes dual leadership role as chairman Riboud steps down

PARIS, Oct 18 Danone veteran Franck Riboud is stepping down as chairman, with Chief Executive Emmanuel Faber taking on both top roles in a move the French group said would ensure continuity in its strategy of focusing on the health-food sector.

UPDATE 2-Danone CEO assumes dual leadership role as chairman Riboud steps down

* Danone to maintain focus on 2020 targets -Faber (Adds Danone statement and quotes, detail and context)

Danone CEO Faber to also become chairman, replacing Riboud

PARIS, Oct 18 French food group Danone said chief executive Emmanuel Faber would also take on the role of chairman, replacing Franck Riboud who is stepping down from that position.

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