Shares in Danone rose by 8 per cent on Friday after the French food and beverages group raised its operating margin target and appeared confident that it could combat the consumer downturn in Europe with new strategies.
Reporting better-than-expected results in the three months to the end of June, Danone raised its full-year operating margin target to between 0.4-0.5 per cent from 0.3 per cent previously.
