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...The EU had now found against Mondelez and would issue a fine and an order for the company to end any anti-competitive practices, the people said....
...The company also raised its full-year guidance, saying that the expected drop in overall sales as well as the operating loss will be smaller than expected....
...The problem is not experimentation in itself, which can be useful to help companies make data-driven decisions....
...The division, home to Pringles and Cheez-it, accounted for just under half of Kellogg’s total sales last year. Kellogg said the separation will create two stronger, more focused companies....
...The company, whose brands include Fruit Loops cereal and Eggo waffles, expects its full-year organic net sales to grow between 6 and 7 per cent, compared with prior guidance of between 5 and 7 per cent....
...The deal follows a strategic review by the company’s board after it lost a shareholder vote in October that put its future in doubt....
...Overall sales across the three months to March were up 1.9 per cent, driven by the strong sales growth recorded in January....
...Paris-based LVMH reported its weakest growth in quarterly sales since the post-pandemic recovery supercharged luxury revenues at the start of 2021....
...Lamborghini, 90 per cent whose Korea sales last year were as company vehicles, recorded a 22 per cent fall in the first quarter from a year earlier....
...They increased 6.8 per cent in March on the back of stronger sales volumes even as the prices of some staple items have started to moderate....
...is under way,” said Alex Kerr, economist at research company Capital Economics....
...“Nobody is going to insure aggressive tax policies, because nobody wants to tarnish the reputation of the product and nobody wants to pay losses on bad risks.” Kellogg echoed the point....
...Mobile devices accounted for more than half of November sales for the first time this year....
...For example, anyone walking into the Anya Mart in London’s Chelsea between now and April 7 will find recognisable grocery products from brands such as Kellogg’s, Kikkoman and Heinz turned into candles and...
...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...One person familiar with the matter said term sheets had been drawn up for a deal and another said Moelis, the investment bank, was running the sales process. Moelis declined to comment....
...The company said it still expected to make a pre-tax profit of £960mn on full-price sales increases of 2.5 per cent in 2024....
...The likely message from the tech companies is: be patient. The uptake of generative AI and impact on sales should start to become apparent later this year or in 2025....
...Even with sales to China dropping to a “mid-single digit percentage” of overall revenue, according to the company, its latest results were welcomed by analysts....
...The company, which is controlled by the family of billionaire Bernard Arnault, is viewed as a bellwether for the sector given its size and influence....
...to the French economy as it undergoes changes to leadership at the family-controlled company....
...The Shenzhen-based company, which surpassed Tesla as the world’s largest pure EV maker by sales in the fourth quarter of last year, recorded Rmb30bn ($4bn) in net profit in 2023, missing analysts’ estimates...
...Nike said sales in most regions increased in its most recent quarter, offsetting declines in Europe and the Middle East, helping the world’s largest sportswear company report better than expected results...
...The company said the expansion of its evening trading offerings had boosted sales, with 1,200 stores now open until 7pm or later....
...In 2023, Rheinmetall’s sales grew 12 per cent to a record €7.2bn — slightly lower than expected, which the company said was due to some of its deliveries having been postponed into 2024....
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