Pepsi plans Indian investment November 11, 2013 PepsiCo, the maker of Pepsi-Cola, Frito-Lay snacks and Tropicana juice, plans to invest $5.5bn (£3.4bn) in India by 2020 to expand its presence in the country, it said yesterday. PepsiCo’s plans come after rival Coca-Cola Co, the world’s largest drinks maker, said in June last year it would invest a total of $5bn between 2012 [...]
I know what you’ll like next summer: How trend forecasting keeps the biggest brands on top September 23, 2014 Will you be gripped by a desire to own a pair of Birkenstocks at some point over the next 12 months? Need a mindfulness holiday retreat in 2016? What about a fridge that connects to the internet, maybe some time in the 2020s? Who knows, right? Well, someone probably does. An entire industry has grown [...]
Just-Eat curries investor favour for £900m float March 17, 2014 JUST-EAT beefed up its boardroom yesterday with senior hires from BSkyB and Hammerson ahead of a float next month, adding to the swelling ranks of firms looking to list in London. The 13-year-old business, which was founded in Denmark by entrepreneur Jesper Buch, said BSkyB chief financial officer Andrew Griffith would join the firm as [...]
What the other papers say this morning – 21 February 2014 February 20, 2014 FINANCIAL TIMES Business Wire halts high speed traders Business Wire, which has published corporate news releases in the US for the last half century, will stop selling direct feeds to high-speed traders, amid concerns that the practice gives the firms an unfair advantage over other investors. Warren Buffett, whose conglomerate Berkshire Hathaway owns Business Wire, [...]
What the other papers say this morning – 19 February 2014 February 18, 2014 FINANCIAL TIMES Coca-Cola to cut $1bn as profit slips Coca-Cola said it would cut another $1bn in costs by 2016 as it reported an 8.4 per cent drop in fourth-quarter profit. Earnings at the world’s largest drinks company were hit in its latest quarter and in 2013 by the spin-off of its bottling operations in [...]
Fizz goes out of Coke income on rain and weak economy July 16, 2013 COCA-COLA reported weaker-than-expected sales volumes yesterday, blaming ongoing economic malaise and unusually poor weather for the downturn. Coca-Cola said overall volume rose one per cent, which was below its expectations, and cited slow economies in Europe, Asia and Latin America. It also said historically wet and cold weather across various regions curbed sales of soft [...]
US regulator issues subpoenas over metals warehouse probe August 13, 2013 THE STATES-SIDE probe into the metals warehousing industry intensified yesterday, after it emerged that the US commodities watchdog has subpoenaed a number of firms including Swiss commodities giant Glencore. The US Commodity Futures Trading Commission (CFTC) sent the subpoenas last week, sources familiar with the matter said, after a letter from the regulator last month [...]
The range of premium mixers produced to raise gin’s spirits October 21, 2013 Annabel Palmer talks luck, liquor and a lightbulb moment with Charles Rolls, co-founder of drinks label Fever-Tree WHILE gin may not be the most popular global spirit (that prestigious title goes to Korean rice wine brand Jinro), the world consumes 440m litres of it each year. But back in 2000, Charles Rolls, co-founder of the [...]
Bottom Line: Ad giants at watchdogs’ mercy July 28, 2013 RIVAL boss of ad firm Havas David Jones took to Twitter when he heard rumours of the Omnicom-Publicis deal, scoffing “oh wow just saw a flying pig”. It turns out it was no pig, it was a well-camouflaged POG: Publicis Omnicom Group, six months in the planning yet still a bolt from the blue. [...]
Focus on… Hammersmith: It’s Hammersmith time in London September 26, 2013 HOMES in Hammersmith are increasing in value as young professionals and families compete for properties in the area. Bordered by Shepherd’s Bush in the north and Fulham in the south, the west London area has found its housing stock in short supply in recent years, leading to an average of six applicants per property and [...]