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...The decision comes as European consumers have been grappling with several years of high inflation, which has particularly affected food prices....
...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...
...The UK franchise owner of TGI Fridays has agreed a £177mn reverse takeover that will see the US fast-food chain known for its potato skins, chicken wings and two-for-one cocktails list on the London Stock...
...“We’re seeing a bit of a slowdown in the US, both the food category and the beverage category in [the fourth quarter],” he said on a call with investors....
...giant’s Global VP for Sustainable Agriculture....
...Kraft Heinz is getting price, but only at the cost of falling volumes....
...She cites a soft January retail sales report which showed a slowdown from January to February; weakening survey measures of consumer sentiment; and lukewarm comments from executives at Kraft Heinz, Pepsi...
...We are looking to lower prices this year in line with global trends, but PepsiCo are demanding price increases instead,” the person said. PepsiCo did not respond to a request for comment....
...Job moves Moelis has hired Stephen Trauber as chair and global head of energy and clean technology. He was previously at Citigroup....
...Here’s what else I’m keeping tabs on today: Results: Ketchup maker Kraft Heinz will report its latest quarterly earnings before the open....
...Constellation’s flagship Robert Mondavi Winery, once the jewel in Napa’s crown and global pioneer of smart wine tourism, is currently a messy building site while being redesigned. Very un-Napa....
...This customer had been waiting an hour and a half for his food. He was a lot less sympathetic than the first one. “I tried to explain but he just grumbled at me and took his food,” Samii recalled....
...But aside from the usual issues on security, logistics and politics, there is one key question hanging over the biggest event in global sport: will the host nation actually enjoy it?...
...Prices for food and consumables were “slightly higher than a year ago”, he added....
...Not even a mighty global brand like PepsiCo, it seems....
...The company remains confident that it can keep growing through the megatrends of urbanisation and global growth....
...Also, December House Price Index Results: ABN AMRO Q4, Albemarle Q4, Capgemini FY, Cisco Systems Q2, CNH Industrial Q4, Delivery Hero Q4 trading update, Dunelm HY, Heineken FY, Kirin Holdings Q4, Kraft...
...Campari is to buy Courvoisier Cognac from US-Japanese spirits group Beam Suntory in a deal valued at $1.32bn as global sales of the drink stutter....
...He has served as executive chair of Avis Budget Group and was previously the chief executive of Kraft Heinz Company and Burger King Worldwide Holdings....
...Among big cap US stocks yesterday, some of the largest losers were snack and sweet drinks giants such as Mondelez, Coca-Cola, Pepsi and Kraft-Heinz....
...The US food maker is not alone....
...The appeal of the staples group, which features food and drink (Kraft Heinz, Coca-Cola), basics retailers (Walmart, Kroger, Dollar Tree) and household goods (Colgate, Kimberly-Clark), is its stability....
...Under co-founder Travis Kalanick, the company had raised huge amounts of capital in an aggressive global push to dominate the ride-sharing market....
...Mondelez’s Russian business contributed 2.8 per cent of its global revenues in 2023, down from 4 per cent in 2022....
...Global sales peaked at $18bn in 2012, according to market research firm Technomic....
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