News
IFFT
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Spice maker McCormick beats quarterly results on steady volumes, higher prices
Spice maker McCormick beats quarterly results on steady volumes, higher prices. Demand for McCormick's hot sauces and other condiments remained steady. The company's volumes for the quarter fell 1% after declining 3% last quarter. Shares of the company were up about 4% in premarket trading.
Reuters · 2d ago
BUZZ-U.S. STOCKS ON THE MOVE-US energy sector, Avis, NuScale
The tech-laden Nasdaq dipped on Tuesday with chip stocks falling to more than two-week lows. The Dow Jones Industrial Average was up 0.67% as focus turned to the Federal Reserve's policy meeting. The top three S&P 500 percentage gainers were International Paper Co, up 10%.
Reuters · 03/19 17:48
BUZZ-U.S. STOCKS ON THE MOVE-National Cinemedia, Crinetics Pharma, Nordstrom
The S&P 500 and the Nasdaq fell on Tuesday with most megacap and chip stocks weakening. The Dow Jones Industrial Average was up 0.56%. National Cinemedia, Crinetics Pharma, Nordstrom were up. The top three Nasdaq percentage gainers were International Paper, Boeing and Boeing.
Reuters · 03/19 16:05
BUZZ-IFF falls after announcing sale of pharma solutions business
International Flavors & Fragrances to sell its pharma solutions business to French plant-based ingredients maker Roquette in a deal valued at $2.85 billion. Shares of IFF down about 2% at $82.18 on Tuesday. Deal is expected to close in the first half of 2025.
Reuters · 03/19 14:31
International Flavors and Fragrances to sell pharma unit in $2.85 bln deal
International Flavors and Fragrances to sell pharma unit in $2.85 bln deal to Roquette. Chemicals company says it will sell its pharma solutions business to Roqette in a deal valued at $1.9 billion. The company is looking to focus on higher-margin businesses.
Reuters · 03/19 10:52
BUZZ-U.S. STOCKS ON THE MOVE-Micron, US hotels, Exxon Mobil
Wall Street's main indexes rose on Monday. The Dow Jones Industrial Average was up 0.43% ahead of the U.S. Federal Reserve's meeting this week. Alphabet and Tesla were among the top percentage gainers on the S&P 500. Micron, US hotels, Exxon Mobil among the stocks on the move.
Reuters · 03/18 16:14
BUZZ-Bernstein sees normalising consumer chemicals growth in 2024
Bernstein says end of destocking suggests more 2024 growth for consumer chemical makers. Broker expects volumes to recover after destocking weighed on organic sales growth in 2023. Bernstein expects +4.5% organic growth in 2024 for home and personal care and food and beverages sectors.
Reuters · 03/18 13:07
BUZZ-U.S. STOCKS ON THE MOVE-Cava, Bank of America, Fractyl Health
Wall Street's main indexes were mixed on Tuesday. The Dow Jones Industrial Average was down 0.41% at 38,910.21. Norwegian Cruise Line Holdings was one of the top percentage gainers on the S&P 500. Investors are awaiting a crucial inflation report and other economic data.
Reuters · 02/27 19:24
BUZZ-U.S. STOCKS ON THE MOVE-Nvidia, Global Payments
The tech-heavy Nasdaq led declines on Wall Street on Wednesday. The Dow Jones Industrial Average was down 0.12% and the S&P 500 lost 0.25%. Nvidia's high-stakes earnings report could hinder this year's AI euphoria. The top three Nasdaq percentage gainers were Garmin and Sound Group.
Reuters · 02/21 18:57
BUZZ-U.S. STOCKS ON THE MOVE-Toll Brothers, Natgas firms, Eton Pharmaceuticals
Dow Jones Industrial Average down 0.24% at 38,472.83; S&P 500 and Nasdaq Composite also down on Wednesday. Wall Street braced for Nvidia's high-stakes earnings report and minutes from the Fed's latest meeting. Garmin and Eton Pharmaceuticals are among the top gainers on the NYSE and the Nasdaq.
Reuters · 02/21 15:55
BUZZ-IFF slips on dour FY forecast, brokerages cut PT
Shares of International Flavors & Fragrances fall about 6% to $77.16 in early hours. Chemicals company forecast FY sales below estimates and took a $2.6 bln charge on its segment. Stifel brokerage cuts PT of IFF to $80 from $87.
Reuters · 02/21 14:56
International Flavors & Fragrances Inc reports results for the quarter ended in December - Earnings Summary
International Flavors & Fragrances Inc reports quarterly adjusted earnings of 72 cents per share for the quarter ended in December. Revenue fell 5% to $2.70 billion from a year ago. The company reported a quarterly loss of $10.21 billion. The average analyst rating on the shares is "buy"
Reuters · 02/21 10:41
BUZZ-IFF down on weak 2024 sales forecast; dividend cut
International Flavors & Fragrances shares fall 7.9% to $75.55 in extended trade. Company forecasts 2024 sales below estimates; cuts quarterly dividend by half to 40 cents per share. Company takes $2.6 bln impairment charge on its segment in Q4.
Reuters · 02/20 23:40
IFF forecasts glum 2024; takes $2.6 bln impairment charge on nourish segment
IFF forecasts glum 2024; takes $2.6 bln impairment charge on food ingredients unit. International Flavors & Fragrances shares fell about 7% in extended trade. The company also cut its quarterly dividend by about half to 40 cents per share. IFF is struggling with weak demand in its food ingredients and flavor solutions unit.
Reuters · 02/20 23:09
MORNING BID AMERICAS-Rates angst, China cut and credit card deal
U.S. And global markets return from long weekend. China's latest monetary easing brushed off by markets overseas. Federal Reserve minutes to be released on Wednesday. Biggest corporate deal of the year as Capital One to buy Discover Financial in $35.3 billion deal. Oil prices hit highest in three months.
Reuters · 02/20 11:03
International Flavors & Fragrances Inc <IFF.N> expected to post earnings of 75 cents a share - Earnings Preview
International Flavors & Fragrances Inc expected to post earnings of 75 cents a share. The company is expected to report a 5.1% decrease in quarterly revenue to $2.699 billion. The average analyst estimate is for earnings of 75 cents per share for the period ending December 31 2023.
Reuters · 02/16 21:54
UPDATE 1-Boohoo names former Zoopla exec Stephen Morana as new CFO
British online retailer Boohoo names former Betfair and Zoopla exec Stephen Morana as its chief financial officer. Shaun McCabe leaves with immediate effect. Morana will start his role on Feb. 19. McCabe's departure was "by mutual agreement and with immediately effect"
Reuters · 01/23 07:17
BUZZ-U.S. STOCKS ON THE MOVE-Fisker, Best Buy, NuStar Energy
The benchmark S&P 500 scaled a fresh record high on Monday. The Dow Jones Industrial Average was up 0.33% at 37,990.08. Western Digital, Best Buy and Lowe's were among the top gainers. Boeing and Fisker among the biggest losers on the NYSE.
Reuters · 01/22 18:28
BUZZ-U.S. STOCKS ON THE MOVE-Macy's, Spirit Airlines, Gilead Sciences
The benchmark S&P 500 scaled a fresh record high on Monday. The Dow Jones Industrial Average was up 0.55% at 38,073.4. Macy's, Spirit Airlines, Gilead Sciences and Lowe's are among the stocks on the move.
Reuters · 01/22 16:01
BUZZ-U.S. STOCKS ON THE MOVE-Ionis Pharma, Sagimet Biosciences, Fastly
U.S. Stock index futures rose on Monday, indicating momentum in the S&P 500. Top three NYSE percentage gainers premarket were NuStar Energy, Sagimet Biosciences and Spirit Airlines. Home Depot, Lowe's and Macy's rise after Morgan Stanley upgrades their shares. Ionis Pharmaceuticals rises on positive study results.
Reuters · 01/22 14:20
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About IFFT
International Flavors & Fragrances Inc. provides products that consumers taste, smell, or touch. It operates through three segments: Taste, Frutarom and Scent. Taste is comprised of Flavor Compounds which are sold to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food and sweet products. Frutarom segment creates and manufactures a naturals-focused suite of flavor compounds, functional foods and specialty fine ingredients. Scent segment is comprised of Fragrance Compounds, which are used by its customers in two broad categories: Fine Fragrances and Consumer Fragrances; Fragrance Ingredients, which consists of synthetic and natural ingredients that can be combined with other materials to create fragrance and consumer compounds; and Cosmetic Active Ingredients, consisting of active and functional ingredients, botanicals and delivery systems.