Oct. 17 - The Swiss food group is said to covet Ferrero, valued at roughly €10 bln. The Italian company says it’s not for sale. Breakingviews says it is easy to see why Nestle would want to do big deals.
Today I'm not rises breaking news wiping deals taste different nicely. And how it's not just regulation driving BB -- Chinese -- That's talk about these stories Pip you know assault. Let's kick it off would mess recent disappointing. -- I as a disappointing numbers but emerging markets in Europe still look still look weak. For the group. Com and of course this is -- forever. Which it wasn't a -- -- disappointing. Compared to analysts' expectations. From I've been. If you compare it to all of the companies in the same space to the union never got -- yesterday and warning that it would meet its August. And it's it's been pretty pretty good organic growth dropped 4% and it's it's it's not thought about the total we -- But if the organic growth slows. Then there's a case for Clinton -- Growth to come from acquisitions. We're not talking about Ferrero which has been denied and everybody focused on and is very and very -- very firmly in. And and this is private companies which by the we would be very mean small. He's talked to two to swallow for the next ten billion you know companies they can control that probably wouldn't have been built. Out of their pocket but there may be a case for larger -- more significant acquisitions. Remember this. What was the talk that they might settle down they'll mail stake that's right let's take which is purely financial for them not to do not strategic. Which could fees and did you hunger. Tell us that they might mean I didn't need for a bake and become acquisition. I'm part of Robert Coleman and his -- NASA can afford to buy its way out of -- -- the sale price of observant people acquisition might be included in there expecting five to 6%. Next year anyway expecting a pickup next year anyway what what sort of sales targets should accompany my -- to be looking. -- to you if you're talking serious growth here -- you're looking at 7% to 8%. You know type of growth that that really makes the company. What it is which is that when the what's -- is the 200 billion. By market -- company. And a big players that -- looking around saying OK where where can we now. -- -- BBA. They've made this this with withdrawal from from. Cystic. The Chinese bank. And I guess what we have to weigh up this this this 2.3 1000000000 am Europe right down whereas 2.4. Billion. Of tool of core tier one capital. Apple that they get as a result of this as a result of prepare proposal for you out of is it worth it. Well it's. But it we -- -- III is basically. An excuse for them to get out of what was the bad investment. Citic was not -- based bank to go into China to McCain went with a tenth mountain West Bank China. The investment was pretty bad. But he -- -- with a 30. Estimated value there -- three billion euros and two young presidency is 2.3 billion write down this country to compete about. Then it's a partial. Disposal because they have to stay in -- so it doesn't appear as if Dem voting against China you know wait until they have to be very careful to. And it's not to vote to know and confidence in China and a political considerations. Involved the bottom line is one it's about investment one's thinking about that in -- very good conditions. Three the Basel III. Who. Realizes is is also most in excused because they should have gotten out of it anyway. And to get under as they get under the 10% have to market to market and some -- Google's -- kind of complicated. Kept to -- supplies so that. Didn't have anything to do there it's good that they go back home Spanish banks have. Feet deprive her hand other superlatives. Market yet many things that -- cast song I -- RUS shown product comes on every day at 1213. Easton. Seventeen said he bsc IMAX problems is --