Issue link: https://maltatoday.uberflip.com/i/1493445
Name Current Change %Change Open High Low Prev. Value Close US MARKETS DOW JONES 33,852.53 3.07 0.01 33847.80 33933.91 33662.45 33849.46 NASDAQ 10,983.78 -65.72 -0.59 11060.02 11086.02 10944.37 11049.50 EUROPEAN MARKETS FTSE 7,584.03 72.03 0.96 7512.00 7584.53 7512.00 7512.00 CAC 6,722.47 53.50 0.80 6706.67 6734.86 6678.75 6668.97 DAX 14,392.64 37.19 0.26 14429.22 14487.70 14363.32 14355.45 ASIAN MARKETS SGX Nifty 18,894.00 -22.50 -0.12 18916.50 18926.50 18892.00 18916.50 NIKKEI 225 27,968.99 -58.85 -0.21 27886.67 27972.89 27802.71 28027.84 STRAITS TIMES 3,290.49 14.13 0.43 3279.86 3290.56 3270.03 3276.36 HANG SENG 18,597.23 392.55 2.16 18141.56 18645.35 18052.32 18204.68 TAIWAN WEIGHTED 14,879.55 169.91 1.16 14678.23 14879.55 14678.23 14709.64 KOSPI 2,472.53 39.14 1.61 2424.44 2472.53 2421.42 2433.39 SET COMPOSITE 1,635.36 10.97 0.68 1626.14 1636.08 1622.24 1624.39 JAKARTA COMPOSITE 7,081.31 69.24 0.99 7012.11 7081.31 6993.70 7012.07 SHANGHAI COMPOSITE 3,151.34 1.59 0.05 3141.40 3158.57 3137.37 3149.75 23.2.2023 7 MARKETS International Markets Global Indices Trading Date: 22 Feb 2023 Food firm Danone benefits from 8.7% price hike amid rising costs FOOD giant Danone has said it benefited from price hikes at the end of 2022 after witnessing sharp cost inflation. The company, which makes Activia and Evian prod- ucts, raised prices by 8.7% in 2022 against the previous year. The French consumer business said it lifted pricing in Europe by almost a tenth, 9.9%, in the final quarter of the year, helping to offset weaker demand from shop- pers hit by rising household bills. It also hiked prices sharply in its North American di- vision, with a 11.8% increase in the price of its products for the quarter. It comes after rivals, including Nestle, also pushed prices higher for customers after witnessing increased supply chain, energy and commodity costs. Danone chief executive officer Antoine de Saint-Af- frique said that 2022 was a year of "external challenges and volatility". e company revealed that total sales grew by 13.9% to 27.6 billion euros (£24.3 billion) over the year, as it bene- fited from higher pricing. In Europe, Danone said that sales grew by 5.2% for the year. In the fourth quarter, European sales grew 4% on a like- for-like basis as the benefit of price increase was some- what offset by a 5.9% decline in volumes and product mix. Volumes of product sales were impacted by rationalisa- tion of the firm's product portfolio and "some temporary delivery suspensions". Mr de Saint-Affrique added: "Building on 2022 momen- tum, we are entering 2023 with renewed ambition and confidence in our strategy. "In 2023, we will pursue our transformation, and further invest in our brands, products and capabilities while de- livering in line with the mid-term guidance defined last year." e French consumer business said it lied pricing in Europe by almost a tenth in the final quarter of the year