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...“When you think about places like Nigeria, when you think about places like Argentina, it’s very difficult for us as a US dollar-denominated company to create value”, Andre Schulten, P&G’s chief financial...
...Shares have fallen 8 per cent over the past five years, compared with a 7 per cent rise in the benchmark S&P 500 Consumer Staples over the same period....
...analysis by Alvarez & Marsal found that almost half of the world’s largest consumer goods companies delivered negative shareholder returns in 2023, while the whole sector significantly underperformed the S&P...
...according to S&P....
...P&G were contacted for comment....
...Additional reporting from Madeleine Speed in London...
...Diageo also alleged Combs, formerly known as P Diddy and Puff Daddy, had threatened the conglomerate with racism allegations to force the company “to accede to several outrageous and extra-contractual demands...
...Last week, a drinks company owned by Sean Combs, known as P Diddy, sued Diageo for alleged racial discrimination, arguing the company had not adequately invested in brands associated with the rapper and...
...The legal documents added that Diageo executive Stephen Rust told Combs, formerly known as P Diddy and Puff Daddy, in late 2019 that “if he were Martha Stewart his brands would be more widespread”....
...S&P Global Ratings cut its outlook for THG to “negative” in May, citing likely pressure on profitability over the next 12 months....
...HOLD: Asos (ASC) Suspending sales in Russia is forecast to knock £14mn off the fashion retailer’s full-year profit, writes Madeleine Taylor....
...BUY: Unite (UTG) The student landlord expects occupancy to return to 97 per cent next year, near pre-pandemic levels, writes Madeleine Taylor....
...BUY: Porvair (PRV) Aerospace opportunities are expected to grow through 2022 as air travel picks up, writes Madeleine Taylor....
...And a special thanks to the curators of the exhibit Nina Dubin, Meredith Martin and Madeleine Viljoen. See you next week, everybody....
...All flavours are 100 per cent natural, with highlights including Sicilian cassata, pistachio and olive oil. girottiparis.com P Romeo & Giulietta Artisan Gelateria, London A north London treasure, even...
...non-monetary policy meeting in Frankfurt plus S&P Global eurozone composite (manufacturing and services) PMI data France, S&P Global services PMI data Germany, trade figures plus S&P Global services PMI...
...plastics lead at S&P Global Platts....
...Jane Tanner, a friend of the McCanns who had been staying in the same resort in Praia De Luz when Madeleine went missing, had a memory of a man she had seen carrying a sleeping child that evening....
...Meryl Streep there and Hillary [Clinton] and Madeleine [Albright]” . She already misses the late secretary of state: “She was such a kind of wonderful girls’ girl, you know?...
...More viscerally, this big round number has acted like a Proustian madeleine....
...It is this idea Ms Littlefield is continuing to promote as a senior adviser at Albright Stonebridge Group, a global business strategy firm chaired by Madeleine Albright, former US secretary of state....
...P....
...Reflecting on the trend in 1992, Ruth P Rubinstein of New York’s Fashion Institute of Technology, said: “Dressing this way reflects anxiety and fear.”...
...Loan covenants allow APR to carry net debt that is a hefty 4.75 times of earnings before nasties. But the current figure is closer to nine times, according to S&P CIQ....
...Sure enough, APR’s earnings before nasties as a percentage of revenues have plummeted from 51 per cent to 38 per cent, according to S&P CIQ....
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