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InterviewArtificial intelligence
BCG says AI consulting will supply 20% of revenues this year
...A jump in sales at BCG’s AI division also partly offset a slowdown in other parts of the business last year amid a tougher economic backdrop....
April 23, 2024
Mondelez International Inc
EU set to fine Oreo maker Mondelez for blocking cross-border sales
...US confectionery giant Mondelez will be fined millions of euros as early as next month for restricting sales of its products between EU member states, according to three people with direct knowledge of the...
April 16, 2024
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
InterviewGaming
Game designer Lucas Pope on bringing aliens to the table in Mars After Midnight
...The handheld console made by Panic Inc — publisher of Firewatch and Untitled Goose Game — has sold more than 70,000 units since it launched in 2022....
March 4, 2024
News in-depthMars Inc
Mars joins push into premium with Hotel Chocolat deal
...Alongside its move into high-end chocolate, Mars has invested in the healthier end of the snack market....
November 20, 2023
Hotel Chocolat
Mars to buy Hotel Chocolat in £534mn deal
...Thirlwell, who is staying on as chief executive, said he was reinvesting 80 per cent of his shareholding “in the future of the business alongside Mars” and Harris would reinvest “a fair proportion” in the...
November 16, 2023
LexElectric vehicles
Slumping EV sales should not ring alarm bells in Europe — yet Premium content
...Sales of battery electric vehicles (BEV) in Europe dropped 11.3 per cent year on year in March, the second fall in four months, according to figures this month. The timing of Easter played a part....
April 23, 2024
FT Live
Evolving retirement strategies in an ever-changing world
What new regulatory developments mean for IFAs
Tuesday, 30 April1 Friday Street, London
Electric vehicles
IEA bullish on electric vehicle sales in 2024
...Sales of battery electric and plug-in hybrid cars could rise more than 20 per cent to reach 17mn this year, up from just under 14mn in 2023, and grow to account for as much as two-thirds of global sales...
April 23, 2024
Mars Inc
Mars pledges $1bn to cut emissions after limited progress on targets
...Mars has pledged to invest $1bn over the next three years in an effort to achieve net zero by 2050, after disclosing limited progress in meeting a previous emissions reduction target....
September 13, 2023
Donald Trump
Trump claims he may need ‘fire sale’ to pay $464mn fraud judgment
...The former president and his businesses were found liable in January for committing “blatant” fraud by vastly inflating the value of core real estate assets such as Mar-a-Lago, Trump’s Florida residence,...
March 19, 2024
News updates from March 14: Chuck Schumer calls for Netanyahu’s replacement; China hits out at US push to ban TikTok as Steven Mnuchin plots bid
What to watch in North America today
...US retail sales: Economists expect US retail sales to have increased 0.8 per cent month on month in February, which would be a rebound from a 0.8 per cent decline in January....
March 14, 2024
Letter
Letter: Will Musk’s pay setback discourage other IPOs?
...Even if we ignore the common restrictions on stock sales in the early years....
February 2, 2024
News in-depthShrinkflation
‘Shrinkflation’ is coming for your Easter egg
...He then took aim at Snickers, saying there were now bars with “10 per cent fewer Snickers in it”. Mars, the makers of Snickers, has denied the claim....
March 29, 2024
Lex PopuliPersonal Finance
Athleisure shares appear out of shape
...Lululemon’s sales in mainland China were up 60 per cent year on year in the latest quarter on a constant currency basis, and now make up nearly a tenth of total sales....
March 29, 2024
Katie Martin
The great bet on rate cuts is off
...They went all-in on immaculate disinflation . . . That Mars and Venus thing flipped. Or maybe they are both on Venus.”...
April 18, 2024
LexDollar Tree Inc
America’s dollar stores are struggling Premium content
...The latter, whose core customers are lower income Americans living in rural areas, eked out a 0.7 per cent rise in same-store sales but suffered a 39 per cent drop in net income during the fourth quarter...
March 19, 2024
FT Live
Diversity in Finance Awards 2024
Celebrating diversity, inclusion and equality in the financial services sector.
Thursday, 20 June44 Grosvenor Square, London W1K 2HP, UK
Letter
Letter: Analysis of Norway EVs overlooks its hydro riches
...be surprised that this figure contrasts with the declining sales in neighbouring EU countries, as discussed in an earlier column by Simon Kuper (“Electric cars are not the future”, January 20)...
February 7, 2024
The Top LineAnne-Sylvaine Chassany
Have western brands that stayed in Russia made the right call after all?
...and Mars bars (owned by the Mars family), lotions made by France’s Yves Rocher and Nestlé’s Nescafé....
March 1, 2024
Paramount Global
Skydance in exclusive merger talks with Paramount
...In bidding for all of Paramount in cash, Apollo expected the media company’s debt, which stands at more than $16bn, would not need to be refinanced after a recent rating agency downgrade, making what would...
April 3, 2024
LexTesla Inc
Robotaxis are not the solution to Tesla’s problems Premium content
...Tesla is cutting existing vehicle prices in a bid to reverse the fall in sales and planning cheaper models next year. To reduce costs, it will lay off 10 per cent of its workforce....
April 23, 2024
Tesla Inc
Tesla’s biggest problem: cars
...Of Tesla’s total quarterly sales of $21.3bn, 82 per cent were indeed “automotive revenues” while the rest were energy and services....
April 26, 2024
Jefferies Group Inc
Jefferies boss sells $65mn in stock to buy a customer’s yacht
...“My sale of shares today was a gift to myself and my family, and I do not intend to sell any further shares,” Handler said in a statement....
April 24, 2024
Lex PopuliInvestments
If you like a company, should you buy its shares?
...Sparta, which also wants a review to look at a sale, might fare better with bidders. But there is little reason to think a deal will be struck now, after last year’s interest faltered....
April 19, 2024
LexNetEase Inc
‘World of Warcraft’ return to China will bring peace to NetEase investors Premium content
...Analysts estimate that NetEase, as the publisher of Blizzard games in China, made as much as 5 per cent of its total sales from Blizzard games before the partnership was terminated....
April 13, 2024
Exchange traded funds
Flows to European ESG exchange traded funds halve in first quarter
...However, overall sales of European ETFs remained on a steady course in early 2024....
April 25, 2024
Financial services
How’s the PE Winter looking?
...Last year, 80 per cent of exits were sales to corporate buyers ($271bn). The next most popular exit was sales to other PE firms ($62bn)....
April 25, 2024

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