McDonald’s and Unilever cut ties with Russia after boycott calls March 8, 2022 Fast food titan McDonald’s has announced the temporary closure of its Russian venues while Unilever also said it would suspend operations. The announcements come after social media users had called for boycotts of companies refusing to cut ties with the country in recent weeks. McDonald’s said it would be pausing operations in Russia amid the [...]
Calls to boycott Coca-Cola, PepsiCo, Pizza Hut and McDonald’s over refusal to quit Russia March 8, 2022 Major international food and drink brands including Coca-Cola, McDonalds, PepsiCo and Pizza Hut have refused to close outlets in Russia – leading to calls for boycotts from campaigners. Companies have faced mounting calls to quit selling their products in Russia following its invasion of Ukraine, as other major international brands such as Apple and Netflix [...]
Discount retailers benefit from cost of living crunch as shoppers head to Aldi and Lidl March 1, 2022 Grocery price inflation hit a new high of 4.3 per cent last month, with budget supermarkets luring shoppers in as the cost of living intensifies. Fresh data from Kantar reveals the fastest rate of inflation since September 2013, with the exception of the start of the pandemic when households panic bought essentials. Aldi and Lidl [...]
Coca-Cola Co revenue exceeds estimations after soft drink price hikes February 10, 2022 Beverage giant Coca-Cola Co’s quarterly revenue has surpassed estimates, thanks to higher prices for soft drinks. The soft drink maker also credited the easing of Covid restrictions as theatres and restaurants reopened, boosting sales. It said adjusted revenue hit $9.47bn in the fourth quarter ended 31 December, from $8.60bn a year earlier. Analysts had expected [...]
Private equity CVC agrees £3.79bn deal for Unilever tea business November 18, 2021 Private equity firm CVC has agreed to buy Unilever’s tea arm for £3.79bn (€4.5bn), it has been announced.
Crisps shortages: Shoppers left empty-handed as multipacks run out November 18, 2021 Shoppers with a craving for crisps have been left empty-handed this month, as official data reveals the scale of shortages. According to data published by the Office for National Statistics (ONS) on Thursday, multipack crisps were the trickiest item to get hold of in the country. Shelf availability was lowest for the products, with almost [...]
Afdhel Aziz: Accountants should help businesses realise good is the new cool September 6, 2021 This article first appeared in ICAS’ CA magazine. Afdhel Aziz left a successful career in marketing to found his purpose consultancy, Conspiracy of Love. He tells Laurence Eastham why accountants must help businesses redirect their energies from ‘cool’ to ‘good’ There’s no denying that Afdhel Aziz is cool. He joins the interview with CA magazine from [...]
SoftBank-backed AI startup Peak raises $75m in second funding round in six months August 31, 2021 Manchester-based Artificial Intelligence (AI) provider Peak will expand into new global markets after raising $75m in its latest funding round, led by SoftBank’s $100bn Vision Fund Two. Peak AI, which sells its “decision intelligence” enterprise software platform to non-tech companies to help with their operations, plans to use the latest raise to double its workforce [...]
PepsiCo to sell Tropicana and Naked juice brands for $3.3bn August 3, 2021 PepsiCo has announced it will sell a controlling stake in its Tropicana and Naked juice brands to private equity firm PAI Partners for $3.3bn. PepsiCo will retain a 39 per cent non-controlling interest in a newly formed joint venture while French firm PAI PAI will be the majority shareholder of the transferred business. PepsiCo will [...]
WOBI Announces Executive Program: Management Week 2021 June 11, 2021 Indra Nooyi, Francis Ford Coppola, and Arianna Huffington among speakers for upcoming Management Week this June 28, 29, 30 and July 1 2021 (LOCATION) – World of Business Ideas (WOBI), the leader in management and leadership content, is pleased to announce the first ever Management Week, a unique program designed to cover today’s most important [...]