Hints and tips:
...Not even a mighty global brand like PepsiCo, it seems....
...The filing against PepsiCo, the world’s second-largest food company, is one in a swell of lawsuits brought by local authorities, consumer protection groups and non-profits against corporations about their...
...This is now subject to a novel and potentially grave threat. Pepsi shares are already down 15 per cent for the year....
...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....
...When a courier received a receipt, all they saw was an anonymised route from A to B, alongside the number of miles and what they were paid....
...Courvoisier is the fourth-largest cognac producer globally after LVMH-owned Hennessy, Rémy Martin and D’Ussé....
...The IEA forecasts crude consumption to increase by 1.3mn barrels per day this year while Opec this week maintained its growth estimates of 2.25mn b/d for 2024....
...In 2015, PepsiCo removed aspartame from Diet Pepsi following consumer concerns over its effects, which had led to a long-term decline in demand for low- and no-sugar beverages....
...In 2020, the Center for Consumer Freedom, a non-profit group that has advocated for the meat, alcohol and tobacco industries, took aim at a new target: the plant-based meat industry Its Super Bowl television...
...Class B and D stock, which is nearly all owned by Refinitiv and its affiliates, receives 10 votes per share....
...Expectations are that S&P 500 second-quarter earnings fell 7 per cent from a year ago. If we were betting men we’d take the over, given the effervescent economic backdrop....
...Fitch downgraded the company to B- this week. Commercial real estate is in even worse shape. US flexible offices group WeWork was recently downgraded to CC, one notch above a C rating....
...You would think it was part of a script from a budget B-movie if it wasn’t so true”....
...Data group Tracxn estimates the median valuation of Series A — or first institutional-round — deals in India rose 68 per cent from 2019 to $30mn in 2022....
...Reckitt Benckiser has tapped company insider Kris Licht, a PepsiCo and McKinsey alum, as chief executive, to replace Nicandro Durante at the end of the year....
...A change of control needs a supermajority in the holding company. Mom got us that in the divorce. He’d need us on board....
...I have a WhatsApp group chat, set up after a night in the pub five years ago, where friends recommend TV shows that everyone just has to see....
...The New York-based consumer goods group announced in March that it would suspend sales of brands including Pepsi and 7Up in Russia, while maintaining that it had a humanitarian responsibility to continue...
...Japanese GDP steamed ahead at an annualised 2.7 per cent in the first quarter. If a weak yen were propelling the economy lately, we’d expect manufacturing exporters to benefit....
...Coke said it was “suspending its business” in Russia shortly before Pepsi, the beverages and snacks group, announced it would suspend the production and sale of drinks brands including Pepsi while maintaining...
...The funds have primarily purchased Berkshire’s class B stock, which carries fractional economic and voting rights compared with A shares....
...Jim Andrew, chief sustainability officer at PepsiCo, said the company was pushing ahead with goals including moving “key Pepsi-branded products” in 11 European markets to 100 per cent recycled plastic this...
...80mn b/d by 2050....
...The food service channel was about one-fifth of PepsiCo’s business, but it “clearly is a tailwind that will continue to escalate” over the coming quarters, he added....
...Chart of the day As the planet continues to heat up, violence against “land and environmental defenders” has increased, according to a report from Global Witness, a climate activist group....
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