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Lucozade, Ribena Buyout: GSK Nigeria’s Operating Margin to Decline by 4%

By Peter OBIORA InvestAdvocate   Lagos (INVESTADVOCATE)- GlaxoSmithKline Consumer Nigeria Plc (GSK Nigeria) Monday said the full financial impact of the proposed buyout of its Lucozade and Ribena brands  which will be phased in over 2014 – 2015, is expected to lead to a small decline in its  overall long […]

Suntory to buy GSK’s Lucozade, Ribena drinks for $2.1 billion

Japan’s Suntory Beverage & Food Ltd is to buy GlaxoSmithKline Plc’s Lucozade and Ribena brands for 1.35 billion pounds ($2.1 billion) to help it expand into new markets. The deal had been expected since people close to the process said last week Suntory – best known for beer and Yamazaki […]

NSE YTD stands at 29.65% on mixed performance

After an impressive performance recorded in equity trading activities early this year, activities on the Nigerian Stock Exchange saw lower performance for the most part of August and the first week in September. Thus, the NSE Year-to-Date gain closed on Friday at 29.65 per cent, representing a decline from a […]