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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
Live news: Rise in UK business activity overshoots forecasts in April
PepsiCo outstrips forecast despite slowing sales in North America
...Snacks and drinks seller PepsiCo beat earnings expectations in the first quarter on stronger international sales, but revenue growth still slowed as North American consumers remain sensitive to higher prices...
April 23, 2024
FT Live
Financial Times @COP
FT Live events coinciding with COP
Monday, 11 NovemberBaku, Azerbaijan
Live news: Ukraine pressures draft-age men abroad to join war effort
PepsiCo finance chief says global ‘consumer picture’ strong
...PepsiCo reported better than expected earnings on Tuesday, as strong international sales helped offset slowing revenue growth in North America....
April 23, 2024
News updates from February 9: S&P 500 finishes above 5,000, Sunak notches capital gains of £1.8mn in 2023
PepsiCo expects revenue growth to slow
...PepsiCo said it expects growth to moderate this year as consumer demand reverts to pre-pandemic levels and declining inflation crimps revenue growth....
February 9, 2024
Food Prices
French retailer Carrefour drops PepsiCo products over high prices
...“The negotiations with PepsiCo have been complex, to put it politely....
January 4, 2024
Live news: Ukraine pressures draft-age men abroad to join war effort
What to watch in North America today
...US new home sales: Economists have forecast that sales of new homes in the US increased in March to an annualised pace of 670,000 units, up from 662,000 in February....
April 23, 2024
FT Live
Business of Luxury Summit
Gathering leaders in luxury for the 20th year
Sunday, 19 MayVenice, Italy
PepsiCo Inc
Pepsi revenue slows after US consumers flinch at higher prices
...Snacks and drinks seller PepsiCo’s quarterly revenue growth slowed down despite raising prices, in a sign that consumers are becoming more hesitant after years of food price inflation....
February 9, 2024
HM Revenue & Customs
Walkers’ Sensations Poppadoms vs HMRC: Crunch time
...like crisps because the public doesn’t think of them like crisps Thwarted in the taste test, Walkers’ lawyers opted for the vox populi, vox dei approach, presenting a survey carried out by its owner, PepsiCo...
January 19, 2024
PepsiCo Inc
New York sues PepsiCo over plastic pollution
...New York state is suing food and drinks giant PepsiCo for plastic waste pollution, the latest lawsuit to try to hold companies to account over their environmental impact....
November 15, 2023
News updates from October 10: Birkenstock prices IPO at $46 a share, Investors cut bets on US rate rises
PepsiCo upgrades profit outlook despite more ‘increasingly cautious’ consumer
...PepsiCo upgraded its full-year profit outlook for the third consecutive quarter, as higher prices boost revenue and even as it reports a weaker sales volume and a more “selective” consumer....
October 10, 2023
Inside BusinessPeggy Hollinger
Pepsi vs Carrefour: a battle inflamed by French retail rules
...Not even a mighty global brand like PepsiCo, it seems....
January 17, 2024
Coca-Cola Co
Coca-Cola sales rise despite surging prices
...PepsiCo last week reported revenue growth tapered off in its most recent quarter as a result of weak sales in North America....
February 13, 2024
Corporate bonds
Is Pepsi punting on US rates falling?
If so, it’s an interesting call
November 9, 2023
LexElectric vehicles
Slumping EV sales should not ring alarm bells in Europe — yet Premium content
...One school of thought is that EV sales growth in Europe has, thus far, been from wealthy early adopters and corporate buyers....
April 23, 2024
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
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
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
News updates from July 13: SEC sues bankrupt crypto lender Celsius, Decline in UK GDP less steep than expected
PepsiCo raises outlook after organic revenue grows 13%
...PepsiCo has upgraded its outlook for the year after its organic revenue grew 13 per cent in the second quarter, boosted by sales in Africa, the Middle East and South Asia....
July 13, 2023
The Big Read
The dubious climate gains of turning soil into a carbon sink
...At COP28 in Dubai in December, 25 food and agribusiness giants, including Danone, PepsiCo, Nestlé and Cargill, pledged to convert 160mn hectares of land to regenerative practices and committed $2.2bn in...
January 23, 2024
Apple Inc
Apple removes WhatsApp from China store under pressure from Beijing
...iPhone sales plunged 24 per cent In the first six weeks of the year, according to a Counterpoint Research report....
April 19, 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
LexFood & Beverage
Pepsi/obesity drugs: snack pack will withstand economies of scales Premium content
Investor worries about the impact of weight loss drugs on food companies are overdone
October 10, 2023
LexDollar Tree Inc
America’s dollar stores are struggling Premium content
...Sales of higher-margin discretionary items like home decor were down 12 per cent....
March 19, 2024
Paramount Global
Skydance in exclusive merger talks with Paramount
Potential sale comes after Apollo’s $26bn offer was rebuffed
April 3, 2024
The Art Market
Sotheby’s set to make record for Surrealist Leonora Carrington
...Poly’s main sale of Modern and contemporary art was within estimate at HK$68mn (including fees) on April 7, though its equivalent sale last year made HK$148mn....
April 18, 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

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