Blog: Dean BestBarry Callebaut remains a sweet investment

Dean Best | 21 January 2009

Shares in chocolate maker Barry Callebaut tumbled today (21 January) – at the time of writing, they were down by more than 15% – but investors should remain upbeat about the Swiss firm's prospects.

Sure, first-quarter revenues may have been hit by currency fluctuations and the economic downturn may have whacked sales in western Europe.

However, the market should not be spooked by the fact that Callebaut missed some analysts' forecasts.

The company remains a good long-term bet. Its investment in some of the world's most buoyant emerging chocolate markets – take, for example, its recent spending in Mexico – and its deals with the likes of Cadbury and Nestle mean Callebaut is well positioned to thrive once the economic storm clouds pass.


BLOG

General Mills trials new way of buying Haagen-Dazs

On Friday (7 September), ice-cream lovers in part of central London were able to order Häagen-Dazs on their phones - and have it delivered directly to them, wherever they were....

BLOG

just-food closed on Monday 27 August

As I type, grey skies cover south-east London, with drizzle hitting the windows - but the forecast is set fairer for tomorrow when the country has its final public holiday before Christmas Day....

BLOG

If Kraft Heinz passed on Pinnacle, it should do so with Campbell

It's almost 18 months since Unilever rebuffed Kraft Heinz and, ever since, the rumour mill has spun over where the US manufacturer could look next. It's been reported today (2 August) the ketchup make...



Forgot your password?