Nestle confirms discussions to acquire vitamin maker Bountiful
The Covid-19 Oscars: Not Masked but Still Muffled
A stripped-down ceremony stripped out too much of what makes the show, for better or worse, worth watching.
By Mike Hale
Pfizer, BioNTech To Supply 100 Mln More Doses Of Covid Vaccine To EU
Pfizer Inc. and BioNTech SE Monday announced that they will supply an additional 100 million doses of COMIRNATY, the companies’ COVID-19 vaccine, to the 27 European Union member states in 2021.
The agreement follows the European Commission’s decision to exercise its option to purchase an additional 100 million doses under its expanded Advanced Purchase Agreement signed on February 17.
With this, the total number of doses to be delivered to the EU would be 600 million. COMIRNATY will be produced in BioNTech’s and Pfizer’s manufacturing sites in Europe.
The companies said they plan to deliver 250 million doses to the EU in the second quarter, a fourfold increase on first quarter’s agreed quantity.
Sean Marett, Chief Business and Chief Commercial Officer of BioNTech, said, “The additional 100 million doses from this option exercise will further help to support the acceleration of the vaccination campaigns throughout the EU. We now intend to deliver a total of 600 million doses to the EU this year, which covers two thirds of the EU population and represents the largest cumulative supply agreement for COMIRNATY that we have agreed to date globally.”
India reports record 352,991 new Covid-19 cases, setting global record once again
BENGALURU (REUTERS) – India on Monday (April 26) set a global record for a rise in daily coronavirus cases for a fifth straight day, while deaths from Covid-19 also jumped by an all-time high over the last 24 hours.
With 352,991 new cases, India’s total caseload has crossed 17 million. Deaths rose by a record 2,812 to reach a total of 195,123, according to health ministry data.
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Pearson Q1 Underlying Revenue Up 5%; Continues To Expect FY Performance In Line With Outlook
Pearson PLC (PSO) reported 5% sales growth in the first quarter. Global Online Learning was up 25%, for the quarter. Pearson said it maintained a strong balance sheet and significant financial headroom. The Group continues to expect to deliver revenue and profit growth in 2021 and for its performance to be in line with 2021 outlook.
“We are making good strategic progress in our ongoing shift to digital, we are in the advanced stages of preparation for the forthcoming launch of our new college app and our organisational redesign is on track,” said Andy Bird, Chief Executive.
Nestle Confirms Talks To Buy All Or Part Of Bountiful Co. – Quick Facts
Swiss food and beverage giant Nestle SA (NSRGY.PK,NSTR.L) confirmed Monday that it is in discussions to acquire all or part of Bountiful Co., a U.S. -based health and wellness company.
Nestle was responding to media reports about the potential acquisition of Bountiful, which is owned by KKR.
Bountiful makes and sells items including vitamins, supplements, protein bars and beauty products. The various brands include Nature’s Bounty, Solgar, Pure Protein, Osteo Bi-Flex, Puritan’s Pride, Sundown, Body Fortress, MET-Rx, Ester-C and Dr.Organic, among others.
The company, previously known as The Nature’s Bounty Co., is lead by President and CEO Paul Sturman, President and CEO
IMI Plc Q1 Revenue Up 7.7% Organically; Lifts FY Earnings Guidance – Quick Facts
IMI plc (IMI.L) said, in the first quarter of 2021, the Group has delivered strong performance with sales, margins, profits and operating cash flow all higher organically than the same period in the prior year. For the first quarter, projected revenue is 421 million pounds, up 7.7% organically. The Group stated that its margins improved significantly in the first quarter, with all divisions improving.
IMI plc increased its guidance for 2021 full year adjusted EPS to 81 pence to 87 pence, from prior range of 75 pence to 82 pence.
The Group said it now has confidence that it will become a sustainable 18% to 20% margin business over time.
The Group announced a programme to buy-back shares to an approximate value of 200 million pounds.
Kuehne & Nagel Q1 Profit Surges; Says Rest Of Year To Remain Challenging
Swiss logistics firm Kuehne + Nagel Group (KHNGY) reported Monday that its first-quarter earnings surged 128.8 percent to 318 million Swiss francs from last year’s 139 million francs.
EBIT climbed 134.2 percent from the prior year to 431 million francs. EBITDA went up 61.6 percent to 611 million francs.
Net turnover increased 22.8 percent to 6.03 billion francs from last year’s 4.91 billion francs, driven by high demand for Sea and Air Logistics services.
Looking ahead, Detlef Trefzger, CEO of Kuehne + Nagel, said, “We expect this environment to remain challenging for the remainder of another atypical year.”
Nestle confirms discussions to acquire vitamin maker Bountiful
Nestle is in discussions to buy nutritional supplement maker The Bountiful Company, the Swiss food giant said on Monday.
"Nestlé S.A. today announced that it is in discussions to acquire all or part of The Bountiful Company," Nestle said, confirming earlier reports.
Bountiful, which is majority-owned by private equity firm KKR Co & Inc, makes Nature's Bounty vitamins, Osteo Bi-Flex joint-care supplements and Puritan's Pride vitamins and supplements.
