Hints and tips:
...Investors co-ordinated by ShareAction started to call on food companies such as Nestlé, Unilever and Kraft Heinz to improve the health of their portfolios as a result of the clear link between bad diets...
...Greg Phillips, chief executive of retail support services group Dee Set, also reckoned peace would soon break out, but that the free publicity was doing Tesco no harm....
...One bad read Greg Becker, former chief executive of Silicon Valley Bank, testifies before the Senate Banking Committee today. Here is his prepared testimony....
...The category now includes the likes of Ford and Kraft-Heinz. The double-B (blue line below, labelled BA) share of the market has surged....
...Kraft Heinz passed down billions in writedowns of its iconic brands to Berkshire in 2018 and 2019 based on its 26.8 per cent ownership stake....
...He also sits on the board of Kraft Heinz, of which Berkshire is a big shareholder. Filling Buffett’s shoes will be a mammoth task....
...Heinz to Home offers three packages....
...At Berkshire’s annual meeting in Omaha, shareholders were confronted with two possible successors — Greg Abel and Ajit Jain — the two Berkshire vice-chairmen....
...“Give consumers a reason to care about your brand and your product,” said Greg Portell, a lead partner at the consultancy AT Kearney....
...He acknowledged that Berkshire had overpaid for its investment in the tie-up of Kraft with Heinz. “The Heinz part of the transaction, when we owned half of Heinz, we paid an appropriate price.”...
...Bernardo Hees handed over the reins at Heinz Kraft to Miguel Patricio after a difficult few years for the food conglomerate....
...Retailers suddenly had the upper hand over Kraft Heinz, prices and volumes fell, and Berkshire took a $3bn writedown on its investment (Kraft Heinz replaced its CEO this week)....
...“Not all earnings downgrades are the same,” said Greg Stanek, portfolio manager at Gilman Hill Asset Management....
...Greg Abel and Ajit Jain, who last year were promoted to vice chairmen of the company and are seen as potential successors to Messrs Buffett and Munger, also led their first town hall for the assembled executives...
...As Miguel Patricio prepares to take over at the Warren Buffett-backed food group Kraft Heinz he appears undaunted by the challenges that lie ahead....
...Greg Stanek, portfolio manager at Gilman Hill Asset Management says: “Not all earnings downgrades are the same....
...Former General Electric executive Maryrose Sylvester is joining ABB as the new head of the Swiss engineering company’s US business, replacing Greg Scheu, who is due to retire, Reuters reports....
...Sign up here to Market Forces, our daily analysis of what’s moving global markets Job moves Greg Clark, has stepped down as president and chief executive of the US cyber security company Symantec...
...Mr Buffett, 87, last month promoted his top two lieutenants Greg Abel, the chief executive of Berkshire Hathaway Energy, and Ajit Jain, the Omaha-based group’s reinsurance chief, to vice-chairman roles —...
...Nevertheless, Berkshire Hathaway does still have two board seats, including long-time Berkshire executive Greg Abel, who is vice-chairman....
...The decision was hailed by Greg Clark, the UK’s business secretary, as a vote of confidence in Britain. “A welcome decision by Unilever board having listened to shareholders,” he said....
...The 87-year old chief executive has said it was his intention to reduce his travel commitments, after last month stepping down from the board of consumer goods behemoth Kraft Heinz....
...It decided to simplify its structure to placate investors after fending off a $143bn takeover bid from Kraft Heinz of the US a year ago....
...Unilever was shaken by a $143bn takeover bid last year from Kraft Heinz of the US....
...Greg Abel When Greg Abel was up for a “distinguished alumni” award at his alma mater, the University of Alberta, in 2013, Warren Buffett wrote a note of recommendation....
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