Agency: GTR | Branch: EPSRC | Program: | Phase: Training Grant | Award Amount: 3.99M | Year: 2014
The Scottish Doctoral Training Centre in Condensed Matter Physics, known as the CM-DTC, is an EPSRC-funded Centre for Doctoral Training (CDT) addressing the broad field of Condensed Matter Physics (CMP). CMP is a core discipline that underpins many other areas of science, and is one of the Priority Areas for this CDT call. Renewal funding for the CM-DTC will allow five more annual cohorts of PhD students to be recruited, trained and released onto the market. They will be highly educated professionals with a knowledge of the field, in depth and in breadth, that will equip them for future leadership in a variety of academic and industrial careers. Condensed Matter Physics research impacts on many other fields of science including engineering, biophysics, photonics, chemistry, and materials science. It is a significant engine for innovation and drives new technologies. Recent examples include the use of liquid crystals for displays including flat-screen and 3D television, and the use of solid-state or polymeric LEDs for power-saving high-illumination lighting systems. Future examples may involve harnessing the potential of graphene (the worlds thinnest and strongest sheet-like material), or the creation of exotic low-temperature materials whose properties may enable the design of radically new types of (quantum) computer with which to solve some of the hardest problems of mathematics. The UKs continued ability to deliver transformative technologies of this character requires highly trained CMP researchers such as those the Centre will produce. The proposed training approach is built on a strong framework of taught lecture courses, with core components and a wide choice of electives. This spans the first two years so that PhD research begins alongside the coursework from the outset. It is complemented by hands-on training in areas such as computer-intensive physics and instrument building (including workshop skills and 3D printing). Some lecture courses are delivered in residential schools but most are videoconferenced live, using the well-established infrastructure of SUPA (the Scottish Universities Physics Alliance). Students meet face to face frequently, often for more than one day, at cohort-building events that emphasise teamwork in science, outreach, transferable skills and careers training. National demand for our graduates is demonstrated by the large number of companies and organisations who have chosen to be formally affiliated with our CDT as Industrial Associates. The range of sectors spanned by these Associates is notable. Some, such as e2v and Oxford Instruments, are scientific consultancies and manufacturers of scientific equipment, whom one would expect to be among our core stakeholders. Less obviously, the list also represents scientific publishers, software houses, companies small and large from the energy sector, large multinationals such as Solvay-Rhodia and Siemens, and finance and patent law firms. This demonstrates a key attraction of our graduates: their high levels of core skills, and a hands-on approach to problem solving. These impart a discipline-hopping ability which more focussed training for specific sectors can complement, but not replace. This breadth is prized by employers in a fast-changing environment where years of vocational training can sometimes be undermined very rapidly by unexpected innovation in an apparently unrelated sector. As the UK builds its technological future by funding new CDTs across a range of priority areas, it is vital to include some that focus on core discipline skills, specifically Condensed Matter Physics, rather than the interdisciplinary or semi-vocational training that features in many other CDTs. As well as complementing those important activities today, our highly trained PhD graduates will be equipped to lay the foundations for the research fields (and perhaps some of the industrial sectors) of tomorrow.
News Article | February 21, 2017
HOLLYWOOD, Calif.--(BUSINESS WIRE)--IMDb (www.imdb.com), the #1 movie website in the world, today announced the first-ever “IMDb Live Viewing Party, Presented by OREO Chocolate Candy Bar,” a live companion show to the Academy Awards designed to provide fans and industry insiders with unique, entertaining and informative coverage of Hollywood’s biggest night. The live broadcast hosted by Dave Karger (IMDb Special Correspondent) and Rachel Smith (host of Amazon’s Style Code Live) will stream live on IMDb.com, Twitter and Twitch from an invitation-only industry viewing party at Neuehouse (formerly the historic CBS Radio Studio) in Hollywood, California. IMDb’s nearly five-hour live show will begin at approximately 5 PM Pacific on Sunday, February 26, and will focus on a fun, freewheeling conversation during which Dave Karger, Rachel Smith, celebrity guests and industry influencers will provide informative expert commentary to complement and enhance the experience of watching the Academy Awards telecast. IMDb’s live show will feature celebrity guests and will also integrate IMDb information and proprietary, real time data, along with pre-produced interviews with nominees Justin Timberlake and Jeff Bridges. IMDb’s live show will be simulcast and promoted by two of the industry’s live video leaders, Twitter and Twitch (http://twitch.tv/twitch). Twitter’s live stream of IMDb’s Live Viewing Party will be available globally for free to logged-in and logged-out users on Twitter and connected devices. Tweets about the #Oscars will appear in a timeline along with the live video on Twitter, available at imdb.twitter.com, in Twitter’s explore tab or via @IMDb. Exclusive to Twitch is the ability to create a personalized social experience by letting streamers “co-stream” the show on their channels. This allows them to broadcast it directly to their own communities with their own commentary. IMDb’s editorial coverage of the 89th Academy Awards will include real-time winner announcements, photo galleries, trivia quizzes and more. “This year we are taking our coverage of the Academy Awards to an entirely new level,” said Col Needham, IMDb’s founder and CEO. “In addition to our extensive online coverage, we’ll be producing our first-ever VIP industry viewing party and companion show, which will stream live across the world on IMDb, Twitter and Twitch. We are thrilled that IMDb’s live coverage of The Academy Awards, a unique mix of expert commentary, humor and IMDb data will also serve as Twitter’s Oscars-night broadcast and that Twitch users can personalize and share our live show as well.” "Twitter is where people go to see what's happening in real time around the Academy Awards," said Anthony Noto, COO at Twitter. "Our collaboration with IMDb will provide live commentary from both experts and fans throughout the telecast, as well as interviews with some of Hollywood's best.” “We believe new OREO Chocolate Candy bars are so delicious they are award-worthy,” said Samantha Greenwood, Senior Category Director, Chocolate – North America at Mondelēz International. “On Hollywood’s biggest night we are excited to team up with IMDb to showcase our big news and help deliver a memorable viewing experience to consumers.” IMDb’s first-ever viewing party will welcome, by invitation only, more than 300 industry insiders to Neuehouse in Hollywood, California. Party guests will be treated to food, drinks and a OREO Chocolate Candy Bar sampling station while watching the Academy Awards, and the production of IMDb’s first-ever live companion show, featuring celebrity conversations and a stream of real-time IMDb facts, data and social commentary. IMDb’s live companion show to The Academy Awards telecast will begin with a pre-show at 5 PM, and will wrap up with a post-show once the Academy Awards broadcast concludes. IMDb’s show includes “Hosted Mode” -- live conversation between hosts Dave Karger, Rachel Smith and celebrity guests – and “Second Screen Mode” -- silent information, graphics and unique IMDb data and trivia that will complement the telecast. IMDb is the world’s most popular and authoritative source for movie, TV and celebrity content. The IMDb consumer site (www.imdb.com) is the #1 movie website in the world with a combined web and mobile audience of more than 250 million unique monthly visitors. IMDb offers a searchable database of more than 185 million data items including more than 4 million movies, TV and entertainment programs and more than 6 million cast and crew members. Consumers rely on the information IMDb provides -- including local movie showtimes, ticketing, trailers, critic and user reviews, personalized recommendations, photo galleries, entertainment news, quotes, trivia, box-office data, editorial feature sections and a universal Watchlist – when deciding what to watch and where to watch it. IMDb’s portfolio of leading entertainment apps (http://www.imdb.com/apps/) includes its popular “Movies & TV” app for iPhone, iPad, Kindle Fire, Android phones, Android tablets and its mobile-optimized website. To date, there have been more than 115 million downloads of IMDb’s mobile apps worldwide. IMDb's X-Ray for Movies & TV Shows (www.imdb.com/x-ray) is a feature that revolutionizes the viewing experience by bringing the power of IMDb directly to Kindle Fire HD, Fire TV and Fire TV Stick. IMDb’s Facebook page (https://www.facebook.com/imdb) and official Twitter account (https://twitter.com/imdb) are followed by more than 10 million passionate entertainment fans. IMDbPro (http://www.imdbpro.com) is the essential resource for entertainment industry professionals. This membership-based service includes comprehensive information and tools that are designed to help entertainment industry professionals achieve success throughout all stages of their career. IMDbPro offers members the following: detailed contact and representation information; IMDb profile management tools; exclusive STARmeter rankings that are determined by user searches on IMDb; a casting service to post breakdowns and apply to roles, a mobile optimized website and more. Additionally, IMDb owns and operates Withoutabox (http://www.withoutabox.com), the premier submission service for film festivals and filmmakers, and Box Office Mojo (http://www.boxofficemojo.com), the leading online box-office reporting service. IMDb.com is operated by IMDb.com, Inc., a wholly owned subsidiary of Amazon.com, Inc. (NASDAQ:AMZN) (http://www.amazon.com). To learn more, go to: http://www.imdb.com/press. Twitch is the world’s leading social video platform and community for gamers. Each day, millions of community members gather to watch, talk, and chat about shared interests. Twitch’s video platform is the backbone of both live and on-demand distribution for all types of content, including the entire video game ecosystem, the creative arts, vlogging (IRL), and more. Twitch also runs TwitchCon, the annual convention for celebrating the Twitch community. For more information about Twitch, visit our Press Center, Twitter feed (#Twitch), and Blog. Twitter, Inc. (NYSE: TWTR) is the best and fastest place to see what’s happening and what people are talking about all around the world. From breaking news and entertainment to sports and politics, from big events to everyday interests. If it’s happening anywhere, it’s happening first on Twitter. Twitter is where the full story unfolds with all the live commentary and where live events come to life unlike anywhere else. Twitter is available in more than 40 languages around the world. The service can be accessed at twitter.com, on a variety of mobile devices and via SMS. For more information, visit about.twitter.com or follow @twitter. The line of OREO Chocolate Candy Bars is the latest innovation to be released from the OREO Wonder Vault, the epicenter of cookie exploration where OREO taste-tests, taste-tests again (and again, and again…) its Wonderfilled creations before releasing them to the world. The new chocolate candy bar line comes in an assortment of different formats, all of which feature bits of OREO cookie and vanilla creme filling covered in European chocolate candy for a taste unlike anything else that’s currently in the U.S. The new OREO Chocolate Candy Bar line is a permanent offering featuring a delicious selection that crosses usage occasions, from individual enjoyment to friends and family sharing. OREO is the world’s favorite cookie, enjoyed by families and friends in more than 100 countries around the world. OREO is the best-selling cookie of the 21st century with nearly $2.9 billion in global annual revenues. The OREO cookie’s “TWIST LICK DUNK” ritual has become the signature way to enjoy this iconic cookie in many different cultures around the world. OREO has a Facebook community of more than 40 million OREO lovers around the globe, representing 200+ countries and dozens of different languages. OREO ranks among the top five brand Facebook pages in the world. OREO celebrated its 100th birthday on March 6, 2012. Visit www.OREO.com for more information. Mondelēz International, Inc. (NASDAQ:MDLZ) is building the best snacking company in the world, with 2016 net revenues of approximately $26 billion. Creating more moments of joy in approximately 165 countries, Mondelēz International is a world leader in biscuits, chocolate, gum, candy and powdered beverages, featuring global Power Brands such as OREO and belVita biscuits; Cadbury Dairy Milk and Milka chocolate; and Trident gum. Mondelēz International is a proud member of the Standard and Poor’s 500, NASDAQ 100 and Dow Jones Sustainability Index. Visit www.mondelezinternational.com or follow the company on Twitter at www.twitter.com/MDLZ.
News Article | February 28, 2017
The Global Food Safety Initiative (GFSI) today held a press conference to launch the 16th Global Food Safety Conference, announce the release of a new edition of GFSI's flagship Benchmarking Requirements and to share groundbreaking strides in public-private collaboration with a G30 of food safety. The industry's top global food safety event has brought together 1,150 food industry representatives from 56 countries in Houston, Texas, where 70 experts and thought leaders will take the stage over the coming days to share insights on Leadership for Growth. CEOs of food industry heavy-weights will be joined by government representatives and regulators from several countries, practitioners from across the supply chain and even an astronaut. Peter Begg, Senior Director, Global Quality Programs, Mondelez International & Chair of the Global Food Safety Conference committee, shared insights as to what is in store for delegates and how the programme was shaped in line with the ever-changing industry and regulatory landscape. 30 Institutions Come Together with GFSI in a "G30" of Food Safety Notably announced at the press conference was a series of meetings hosted by GFSI yesterday which gathered over 100 representatives from more than 20 countries and multilaterals organisations to discuss better collaboration for global public health outcomes. Countries including Japan, China, Mexico, Canada, the UK and the United States of America had a strong presence at this second edition of the meetings, sending delegations from their food safety agencies. Multilateral organisations including the United Nations Industrial Development Organization (UNIDO), Food and Agriculture Organization of the United Nations (FAO), Inter-American Institute for Cooperation on Agriculture (IICA) and the International Finance Corporation (IFC, World Bank Group) also participated in the meetings. "Going forward, the hope is for this growing dialogue to create first-of-its kind understandings between world governments and business for a mutually beneficial results for consumers, industry and regulators" said Mike Robach, Vice President, Corporate Food Safety, Quality & Regulatory for Cargill, Inc. USA & Chair of the GFSI Board of Directors. "GFSI is an example of reciprocity on a global scale. By investing in food safety together, sharing knowledge and harmonising systems, we can go beyond borders and barriers to ensure one safe global food supply," commented Herman Diricks, Chief Executive Officer of the Belgian Federal Agency for the Safety of the Food Chain (FASFC) and Co-Chair of the G2B meetings. "We are excited to be participating in this groundbreaking collaboration with global food leaders, for the benefit of all." See the full Press Release here GFSI also announced a key breakthrough with the highly-anticipated publication of the Benchmarking Requirements V7, the world's most widely accepted benchmarking criteria which acts as a "food safety passport" across global supply chains, facilitating international trade and mutual trust in the level of safety systems in place. On behalf of GFSI, Mike Robach thanked the many stakeholders who have been involved in the review process and explained how the document triggers continuous improvement throughout supply chains, for the benefit of consumers around the globe. See the full Press Release here Irene Rosenfeld, Chairman and CEO of Mondelēz International, shared how her company is leveraging GFSI for success, saying that GFSI-benchmarked certifications are a critical component of their food safety management program as they provide third-party assurance that high quality standards are in place and meet internationally recognised standards. Irene announced that Mondelēz has made a commitment to have 100% of their suppliers attain one of the GFSI benchmarked certifications by the end of 2017. By the end of 2016, 94% of their suppliers had already met this requirement. GFSI is powered by The Consumer Goods Forum (CGF) and Irene sits on the CGF Board of Directors, where she represents GFSI to over 50 other CEOs of leading retail and manufacturing companies.
News Article | February 16, 2017
AUSTIN, Texas, Feb. 16, 2017 /PRNewswire/ -- E2open, the world's largest Supply Chain Operating Network, congratulates Bayer, The Clorox Company, General Mills, and Mondelez International for winning SCM World's 2017 Power of the Profession Awards. These annual awards celebrate excellence...
News Article | February 16, 2017
AUSTIN, TX, February 16, 2017-- E2open , the world's largest Supply Chain Operating Network, congratulates Bayer, The Clorox Company, General Mills, and Mondelez International for winning SCM World's 2017 Power of the Profession Awards . These annual awards celebrate excellence in supply chain and provide a forum for industry professionals to recognize the achievements of their peers.The winners are companies that deliver outstanding performances in supply chain and talent management as voted by their peers. Supply chain breakthrough awards recognize the most impactful initiatives that drive innovation for customers, the business and the lasting benefit of society. The talent awards recognize initiatives that shape the supply chain of the future by fostering diversity and creating capabilities across the value chain.won the prestigious Supply Chain Breakthrough award for the most innovative initiatives in 2017. It also earned the Customer Innovation award for creating valuable customer experiences with quantifiable impact on customer loyalty.won the Talent Payback award for its initiatives to drive tangible revenue growth, cost savings, product innovation and outstanding customer metrics.took the Social Impact award for its work to achieve positive quantifiable impact on society, local communities and the environment through its supply chain initiatives.secured the Business Win award for contributing outstanding top-line business performance, profitable growth, savings and distinct competitive edge."I am proud that four of our customers are recognized by their peers in the SCM World community for their breakthrough innovations and talent management initiatives in supply chain," said E2open SVP Sales and Marketing, Shawn Lane. "It is an honor that these industry leaders use our solutions - such as Demand Sensing and Channel Analytics - to drive value across their global networks. They are truly shaping the future of supply chain."Founded in 2000, E2open provides the largest and most comprehensive Supply Chain Operating Network, including a broad suite of collaborative supply chain solutions. Leading global enterprises rely on E2open to provide greater end-to-end visibility, more accurate data and insights, and real-time business process orchestration across complex, multi-enterprise trading partner networks. For more information, visit www.e2open.com
News Article | February 22, 2017
All three major equity indices finished at all-time highs for the seventh time in eight sessions (AFP Photo/SPENCER PLATT) New York (AFP) - US stocks jumped Tuesday with retailers and energy firms among the winners as positive sentiment about President Donald Trump's economic agenda again lifted the market to fresh records at the close. All three major equity indices finished at all-time highs for the seventh time in eight sessions, with the Dow Jones Industrial Average up 0.6 percent at 20,743.00. The broad-based S&P 500 also gained 0.6 percent to end the day at 2,365.38, while the tech-rich Nasdaq Composite Index advanced 0.5 percent to 5,865.95. Jack Ablin, chief investment officer at BMO Private Bank, said the latest records reflected "continued panic buying" as money managers fear missing out on new peaks. The surge has been prompted by expectations Trump will imminently unveil details of a major tax plan, perhaps at his February 28 State of the Union address. Other factors behind Tuesday's gains included higher oil prices and better-than-expected earnings from retailers. European markets also got a lift from a positive eurozone economic report. Wal-Mart jumped 3.0 percent after reporting a 1.8 percent gain in fourth-quarter comparable sales at US stores. The retail giant also saw strong increases in e-commerce, although profits were pinched by increased spending. Home Depot gained 1.4 percent after reporting an 18.6 percent jump in fourth-quarter earnings to $1.7 billion. Other retailers to gain included Gap, up 2.3 percent, Best Buy, up 1.7 percent and Target, up 0.6 percent. Petroleum-linked shares advanced on higher oil prices, with Chevron climbing 1.3 percent, Devon Energy 2.1 percent and Transocean 2.4 percent. Yahoo rose 0.9 percent and Verizon 0.5 percent after they announced a $350 million reduction in the price of Yahoo's core Internet business in the sale to Verizon following a pair of major data breaches of Yahoo. Unilever lost 7.5 percent and Kraft Heinz fell 1.8 percent in the first session since Kraft Heinz withdrew its bid for the Unilever over the weekend. Another large food company, Mondelez International, jumped 5.8 percent as it launched a new "Vea" brand of crisps and bars with no artificial ingredients or GMOs. Popeyes Louisiana Kitchen shot up 19.1 percent after agreeing to be acquired by Restaurant Brands International, the parent company of Burger King and Tim Horton's, for $1.8 billion. Restaurant Brands gained 7.0 percent.
News Article | February 20, 2017
FILE- In this March 2, 2011, file photo, Heinz ketchup bottles are displayed on the shelf of a market on in Barre, Vt. U.S. food giant Kraft Heinz Co. says its offer to buy Europe’s Unilever was rejected, but that it is still pursuing the deal. The maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese said there’s no certainty that it will make another offer for Unilever, which owns brands including Hellmann’s, Lipton and Knorr. (AP Photo/Toby Talbot, File) NEW YORK (AP) — Kraft Heinz's $143 billion offer to buy Unilever was spurned, but the ketchup, cheese and lunch meat maker is still hungry to expand its domain. Unilever, which make mayonnaise, tea and seasonings, said the offered price was too low. Kraft said it's still interested in a deal. If Unilever proves a resistant target, analysts said the company may look elsewhere. J.P. Morgan analyst Ken Goldman said he always believed Kraft Heinz, itself formed from two century-old businesses in 2015, would "mostly be used as a vehicle to buy and operate" food brands. Given Unilever's stable of personal care products such as Dove soap, Bernstein analyst Ali Dibadj said the offer signaled that Kraft Heinz is potentially open to acquiring other packaged consumer goods, not just food. The proposed deal would bring together Kraft Heinz brands including Oscar Mayer, Jell-O and Velveeta with Unilever's Hellmann's, Lipton and Knorr, rivaling Nestle as the world's biggest packaged food maker by sales. Shares of Kraft Heinz and Unilever surged Friday as investors saw prospects for cost cutting. Such acquisitions might not lead to big changes that customers would notice on supermarket shelves. But it's people's shifting tastes that is partly driving deal-making in the food industry. Part of the challenge is the proliferation of smaller food makers marketing products that seem more wholesome, which makes it harder for the established companies to drive up sales simply by selling more of their well-known products or by raising prices, as they have in the past. "That obviously has its limits," said David Garfield, head of the consumer products unit at consulting firm AlixPartners. Instead, major packaged food companies are being forced to dig deeper to find cost efficiencies or tap into new markets, Garfield said. That can include mergers that result in consolidated manufacturing systems, or that give companies access to distribution networks in regions of the world where they don't have a big presence. Those were some of the factors that drove Oreo and Chips Ahoy maker Mondelez International — which was split from Kraft in 2012 —to make an unsuccessful takeover bid for Hershey last year before retreating. And they were among the reasons cited by executives in the Kraft Heinz tie up, which was engineered by Warren Buffett's Berkshire Hathaway and 3G Capital, the Brazilian investment firm with a history of taking over companies and aggressively cutting costs. Bernardo Hees, a 3G partner, has slashed jobs and pursued other savings, some of them granular, as CEO of Kraft Heinz. In a 2015 memo to employees, Hees reminded them to print on both sides of the paper, reuse office supplies like binders and turn off computers before leaving the office to cut down on energy costs. The company also stopped stocking the corporate office with free Kraft snacks. Unilever follows Nestle, PepsiCo and Mondelez as the world's biggest packaged food maker by retail sales, coming in ahead of Kraft Heinz, according to Euromonitor International. In addition to its food products, it sells health and beauty products such as Axe body spray and Dove soap. In the meantime, food and drinks companies like Coca-Cola Co., General Mills Inc. and Kellogg Co. are also under pressure from Wall Street to slash costs and find products that suit the shifting customer preferences. While mega-deals are tough to pull off, they've made an array of acquisitions of smaller, faster-growing brands. Campbell Soup is trying to shed its canned-food image, and has bought juice and bagged carrots maker Bolthouse. General Mills now owns Annie's, Hormel owns Applegate meats and Justin's nut butters, and Dr Pepper recently bought Bai Brands, a maker of drinks sold as rich in antioxidants. Shares of Kraft Heinz closed up nearly 11 percent Friday. Unilever PLC jumped 14 percent.
News Article | February 24, 2017
LONDON, UK / ACCESSWIRE / February 24, 2017 / Active Wall St. announces its post-earnings coverage on Mondelez International, Inc. (NASDAQ: MDLZ). The Company posted its financial results for the fourth and full year fiscal 2016 (FY16) on February 07, 2017. The world's second-largest confectionary Company reported a marginal increase in its top-line which was impacted by the India's demonetization and a strong US Dollar. Register with us now for your free membership at: One of Mondelez International's competitors within the Confectioners space, The Hershey Co. (NYSE: HSY), reported on February 03, 2017, its Q4 ended December 31, 2016, financial results. AWS will be initiating a research report on Hershey in the coming days. Today, AWS is promoting its earnings coverage on MDLZ; touching on HSY. Get our free coverage by signing up to: For the three months ended December 31, 2016, Mondelez reported net revenue of $6.77 billion, down 8.1% from revenue of $7.36 billion in Q4 2015, driven by the Venezuela deconsolidation and currency headwinds. Mondelez' organic net revenue increased 0.6%, tempered by a negative impact of 60 basis points from. The Company's revenue numbers came in below market estimates of $6.90 billion. Mondelez' FY16 net revenues totaled $25.92 billion, down 12.5% on a y-o-y basis. For Q4 2016, Mondelez's gross profit margin was 38.2%, down 30 basis points as compared to the year ago period gross margin of 38.5, driven primarily by the net negative change in mark-to-market impacts from commodity and currency derivative contracts, and partially offset by the impact from the prior year's Venezuela deconsolidation. For FY16, gross profit margin was 39.1%, an increase of 30 basis points on a y-o-y basis. For Q4 2016, Mondelez's operating income margin was 7.5%, up 15.1%, reflecting the prior year's Venezuela deconsolidation loss. Adjusted operating income margin expanded 110 basis points to 14.4%. For Q4 2016, met income attributable to Mondelez was $93 million, or $0.06 per share, compared to a loss of $729 million, or $0.45 per share, a year earlier. Diluted EPS was $0.06, up 113%, driven by the impact from the prior year's loss on the Venezuela deconsolidation. The Company's adjusted EPS was $0.47 and grew 12% on a constant-currency basis, driven primarily by operating gains. The Company's adjusted earnings missed analysts' consensus of $0.49 per share. In North America, Mondelez generated revenue of $1.81 billion, down 0.6% on a y-o-y basis. The region delivered FY16 adjusted Operating income (OI) margin expansion of 190 basis points, primarily driven by continued overhead reductions and strong net productivity. Mondelez' s European region delivered strong margin growth for FY16, with adjusted OI margin up 220 basis points to 18.3%, primarily driven by productivity and lower overheads. Europe's organic net revenue continued to be positive, up 0.7% for both FY16 and Q4 2016 with $9.76 billion and $1.81 respectively, primarily driven by volume mix. In EMEA, Mondelez' FY16 adjusted OI margins grew 230 basis points to 12.1%, driven by reduced overheads and solid productivity. Organic revenue increased 0.5% for the year, with growth in Australia, China, and Southeast Asia. The Company's Q4 2016 organic revenue declined 1.2% to $1.41 billion, including the impact from India's demonetization, which was an approximate $40 million headwind across all categories. In Latin America, the Company's adjusted OI margin increased 220 basis points to approximately 13% for FY16, primarily driven by lower overheads, including VAT-related settlements, as well as targeted pullbacks in A&C. Latin America's organic net revenue increased approximately 5% for FY16 at $3.40 billion. Mondelez's Chocolate product category grew 2%, driven by solid results in Germany, the UK, and Australia. The Company stated that approximately 60% of its Chocolate revenue grew or held share. For FY16, Mondelez's Gum and Candy category was slightly negative. Solid performance in Mexico Gum and US Candy were among the highlights. The Company stated that about half of its revenue in this category gained or held share. During Q4 2016, Mondelez repurchased more than $800 million of its common stock and paid approximately $300 million in cash dividends. The Company returned $3.7 billion of capital to shareholders through share repurchases and dividends in FY16, representing more than 220% of its net earnings. Mondelez generated approximately $1.6 billion of free cash flow in FY16, which exceeded its outlook. On February 03, 2017, Mondelez's Board of Directors declared a regular quarterly dividend of $0.19 per share of Class A common stock. This dividend is payable on April 13, 2017, to shareholders of record as of March 31, 2017. On May 06, 2014, Mondelez's Board of Directors approved a $3.5 billion restructuring program, comprised of approximately $2.5 billion in cash costs and $1 billion in non-cash costs, and up to $2.2 billion of capital expenditures. On August 31, 2016, the Company's Board of Directors approved a reallocation within the program of $600 million of previously approved capital expenditures to be spent on restructuring program cash costs, resulting in $3.1 billion of cash costs to be expensed and up to $1.6 billion of capital expenditures. The primary objective of the 2014-2018 Restructuring Program is to reduce the Company's operating cost structure in both supply chain and overhead costs. Since inception, the Company has incurred total restructuring and related implementation charges of $2.5 billion related to the 2014-2018 Restructuring Program. Mondelez has incurred the majority of the program's charges through 2016 and expects to complete the program by year-end 2018. For FY17, Mondelez expects organic net revenue to increase at least 1% and adjusted operating income margin in the mid-16% range. The Company also expects double-digit adjusted EPS growth on a constant-currency basis. The Company remains committed to its 2018 adjusted operating income margin target of 17% to 18%. At the closing bell, on Thursday, February 23, 2017, Mondelez International's stock rose slightly by 0.54%, ending the trading session at $44.89. A total volume of 6.27 million shares were traded at the end of the day. In the last six months and previous twelve months, shares of the Company have advanced 4.79% and 12.03%, respectively. Moreover, the stock gained 1.26% since the start of the year. The Company's shares are trading at a PE ratio of 42.59 and have a dividend yield of 1.69%. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
Agency: GTR | Branch: Innovate UK | Program: | Phase: Collaborative Research & Development | Award Amount: 437.80K | Year: 2016
Mondelez International is fully committed to make a significant reduction in salt content across its product portfolio by 2020. Through this project, in partnership with the University of Nottingham, a novel approach to reduce the salt levels in crackers and savoury snacks will be developed. Ultimately a new alternative to standard topping salt will be developed and made available in the UK enabling great tasting products with lower salt levels. This will to allow consumers to continue enjoying the products they love without consuming unnecessarily high levels of salt.
Agency: GTR | Branch: Innovate UK | Program: | Phase: Collaborative Research & Development | Award Amount: 352.96K | Year: 2016
A collaboration between Mondelez International, Molson Coors, Campden BRI, Naturis and Atritor will develop and evaluate applications for a high fibre value-added ingredient generated from spent brewery grain. This project will call on the combined knowledge of these companies, whose expertise spans the full food chain from raw material generation and ingredient manufacture, through engineering, analytical and consumer science testing, product development and application to commercialisation of the new ingredient.