WALL STREET WEEK AHEAD October 9, 2011 INVESTORS tiring of the Eurozone’s debt crisis dragging the market all over the place are hoping to focus on something else this week – earnings. But will third-quarter results be enough to drive the S&P 500 higher? Or will Europe’s woes get in the way? The unofficial start of earnings season begins tomorrow, when Dow [...]
WALL STREET WEEK AHEAD October 9, 2011 INVESTORS tiring of the Eurozone’s debt crisis dragging the market all over the place are hoping to focus on something else this week – earnings. But will third-quarter results be enough to drive the S&P 500 higher? Or will Europe’s woes get in the way? The unofficial start of earnings season begins tomorrow, when Dow [...]
Pepsi shakes up drinks unit in bid to boost its business September 14, 2011 PEPSI announced a shake-up of its beverages unit yesterday, appointing a new head to try to turn around the business, which has lagged behind Coca-Cola in North America. Pepsi named Albert Carey, a 30-year PepsiCo veteran who most recently ran its Frito-Lay North America unit, to be chief executive of PepsiCo Americas Beverages, effective immediately. [...]
Rise in profits blows lid off Rexam shares August 3, 2011 EUROPE’S largest drinks can maker Rexam has beaten forecasts with a 19 per cent rise in first-half profit, helped by demand for energy and ice tea drinks and a growing trend among cash-strapped shoppers to consume at home. The UK firm, which makes Red Bull and PepsiCo cans as well as packaging for food, healthcare [...]
Rise in profits blows lid off Rexam shares August 3, 2011 EUROPE’S largest drinks can maker Rexam has beaten forecasts with a 19 per cent rise in first-half profit, helped by demand for energy and ice tea drinks and a growing trend among cash-strapped shoppers to consume at home. The UK firm, which makes Red Bull and PepsiCo cans as well as packaging for food, healthcare [...]
Pepsi warns on US demand and cost inflation July 21, 2011 US food and drink maker PepsiCo scaled back its full-year earnings forecasts on ongoing economic uncertainty yesterday. Pepsi said performance in its North American drinks business was worse than expected, due to weakened consumer demand and intensifying competition, which has made it difficult to raise prices to offset soaring commodity costs. “Of the three factors [...]
Latest WPP buy sees group snap up India ad firm July 6, 2011 ADVERTISING giant WPP yesterday announced the latest in a string of acquisitions, spending some of its £200m war chest on a majority stake in Indian agency Mindset Advertising. Mindset’s client roster includes Pepsi, Airtel and ADP, and the company posted revenues of £719,000 for last year, with assets of £606,319. The acquisition means that WPP [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 6, 2011 FINANCIAL TIMES SPAIN TO SEEK REDRESS OVER E. COLI CLAIM Spain will demand “100 per cent” compensation for the damage suffered by its farmers over unfounded accusations that they were the source of the E. coli outbreak in Germany that has killed 22 people and made thousands sick. Rosa Aguilar, Spain’s environment and rural affairs [...]
WALL STREET WEEK AHEAD April 25, 2011 LARGE blue chips, including some consumer-oriented companies, will have to show they can counter sluggish developed economies by leveraging growth in emerging markets and technology – if Wall Street is to maintain earnings momentum this week. Companies like Microsoft, PepsiCo, and Coca-Cola, unloved on Wall Street, could turn out to be good buys if they [...]
Diamond pays P&G $1.5bn for Pringles April 5, 2011 PROCTER & Gamble has agreed to sell potato crisps brand Pringles to Diamond Foods, in a deal worth $1.5bn (£921.6m) in shares. Offloading the 45-year-old brand, known for its crisps sold in more than 140 countries, will mark the conglomerates departure from the food sector. US-based Diamond Foods, which owns a variety of snack brands [...]