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...But other analysts say the retail unit’s value is much lower: Ambit Capital recently estimated it at $57bn, and JM Financial at $100bn....
...Hostess, whose portfolio also includes Ding Dongs and HoHos, went public in 2016 via a Spac listing that valued it about $2.3bn and having filed for bankruptcy twice within a 10-year span....
...A better metric is sales volume, which grew only 2.6 per cent. To be fair, Hostess — which went bankrupt twice amid changing consumer trends — has staged a remarkable comeback....
...Other companies: Constellation Energy, JM Smucker, Norwegian Cruise and Macy’s report earnings before the bell. Cava, eBay and Bumble will report after the bell....
...Some deals occurred in the food and drinks sector last year, including JM Smucker’s acquisition of Hostess Brands, Unilever’s acquisition of frozen yoghurt brand Yasso, and Nestlé forming a joint venture...
...And here’s what else I’m keeping tabs on today: Company results: Devon Energy, Constellation Energy, Lowe’s, JM Smucker, Norwegian Cruise, and Macy’s report earnings before the bell....
...RTX shares closed 10.2 per cent lower at a nine-month-low....
...JM Weston leather Derby shoes (just seen), £762. Swarovski archive necklace, stylist’s own Takfarines wears Hermès wool and leather broadcloth coat, £5,800....
...RTX shares closed 10.2 per cent lower at a nine-month-low, but had been down more than 16 per cent during intra-day trading....
...JM Smucker: Food and beverage maker JM Smucker is expected to report quarterly revenue and profit grew as demand for items like peanut butter and coffee remained strong despite price increases....
...That is down from a 15-year high of 6.85 per cent in August 2023 but well above 2.4 per cent in early 2022....
...More on COP28: Big business mixes with geopolitics at the expanded UN climate summit as critics label it “a trade show”. 2....
...HP, Box and JM Smucker also report results....
...Fund assets continued their recovery to hit $2.74tn at the end of March, up from $2.55tn three months earlier. And, for sustainable investors, the food industry remains a big source of concern....
...Results: Food and beverage maker JM Smucker is expected to report that revenue and profit grew in its last quarter as demand for items such as peanut butter and coffee remained strong despite price increases...
...In response to Thunberg’s decision, Baillie Gifford posted a robust defence, saying that only 2 per cent of its clients’ money was invested in companies with exposure to fossil fuels, while 5 per cent was...
...Monlar is now trying to change that, and works with about 2,000 farmers across the country to teach them alternative farming methods....
...Altria nears deal to buy Njoy for at least $2.75bn Altria, the maker of Marlboro cigarettes in the US, is nearing a deal to buy e-cigarette company Njoy for at least $2.75bn, sources said, just five years...
...Canada trade balance: Canada’s trade balance is expected to widen from $2.49bn in March to $2.9bn in April, according to economists polled by Refinitiv....
...In JM Barrie’s play Peter Pan, the audience is asked to clap if they believe in fairies. If they fail to clap, the character Tinkerbell the fairy will die....
...Instead JM will focus on its other growth areas, including hydrogen technologies....
...Dell, HP and peanut butter maker JM Smucker are also due to deliver their latest quarterly results....
...The robusta futures benchmark hit a four-year high of $2,043 a tonne on Friday, up by almost 50 per cent since the start of the year....
...The staff outnumber customers by at least 2:1, though the number of guests might eventually increase to 12 or 14, depending on demand....
...European battery capacity will reach 601.2 gigawatt-hours by then, according to Benchmark Mineral Intelligence forecasts, compared with 2,639.1 GWh for China....
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