Robinsons owner Britvic reinstates dividend after tough but resilient six months May 18, 2021 Britvic’s revenue and profit slipped in the six months to 31 March, however the soft drinks retailer has decided to reinstate its dividend after a resilient performance despite Covid restrictions. Revenue at the company fell to £617.1m from £698.8m during the same period last year, and profit after tax slipped to £33.2m from £38.9m. Nevertheless, [...]
The Week Ahead: Tesco, Coinbase IPO, JD Sports, JPMorgan, Goldman Sachs April 12, 2021 Some of the biggest banks are set to report earnings this week, with JPMorgan, Wells Fargo and Goldman Sachs all due on Wednesday. On a macro level, Tuesday’s UK GDP figures and inflation data from the US are undoubtedly going to be important. Meanwhile, the largest US cryptocurrency exchange, Coinbase, goes public. City A.M. looks at [...]
Facebook’s Giphy takeover to face in-depth competition probe April 1, 2021 Facebook’s takeover of Giphy will face an in-depth competition probe in the UK after the social media giant declined to offer remedies to the regulator’s concerns. The Competition and Market Authority (CMA) last week gave the companies five days to address worries that their deal could harm the digital advertising market and the supply of [...]
Facebook’s Giphy takeover could harm Gif supply, watchdog warns March 25, 2021 The competition watchdog has given Facebook and Giphy five working days to address concerns their merger could harm the digital advertising market and the supply of Gifs. The Competition and Markets Authority (CMA) today said Facebook’s planned takeover of the popular gif-maker, worth a reported $400m (£320m), could stifle competition. Following an initial investigation, the [...]
Impact-Weighted Accounting: the missing ingredient? March 9, 2021 Sustainable investment capital increasingly demands evidence that positive impact is produced alongside positive financial return. Once adopted by investors, transparent impact metrics will initiate a rotation in portfolios that moves them away from ‘impact negative’ and toward ‘impact positive’ investments. This impact-driven rotation should produce environmental, social and governance (ESG) Alpha for investors. Impact is [...]
Cutouts, twice-daily tests and no Budweiser adverts: How Super Bowl LV has had to adapt in a pandemic February 6, 2021 Some things about Super Bowl LV will be reassuringly familiar, like the star-spangled razzmatazz and Tom Brady. But Sunday’s game between last year’s winners the Kansas City Chiefs and Brady’s Tampa Bay Buccaneers will also be different to the 54 previous editions. The NFL has had to adapt its season finale for the Covid-19 era, [...]
Major League Cricket: Silicon Valley and Bollywood’s grand plan to make America fall in love with T20 December 23, 2020 People don’t tend to associate the game of cricket with the United States. The world’s second most popular sport has an estimated global following of 2.5bn, yet has struggled to attract an audience in the US, where American football, baseball, and basketball dominate the live sport broadcasting schedule. But a group of investors that includes [...]
Death of the middleman? The myth of selling straight to the customer October 29, 2020 This pandemic has driven consumers online at a pace no one could predict, with Covid-19 forecast to generate an additional £4.5bn of UK online sales in 2020. Social distancing has set in motion a dramatic shift in how we shop — our business alone saw a more than 230 per cent growth rate in online [...]
Covid-19 and “stakeholder capitalism”: actions speak louder than words October 19, 2020 The idea that companies should be run for the benefit of all their stakeholders, not just shareholders, is not new. “Stakeholder capitalism”, as it’s become known, was actually the dominant corporate model long before “shareholder primacy” (i.e. prioritising shareholders) really took hold in the Anglo-Saxon world in the 1970s. It remains the norm in some [...]
Pepsico sales jump on demand for snacks during Covid-19 pandemic October 1, 2020 Pepsico reported a jump in sales in the third quarter, fuelled by demand for its snack brands including Doritos and Cheetos. Overall net revenue rose more than five per cent to $18.09bn in the quarter ended 5 September, beating analysts’ expectations of $17.23bn. Sales of snacks under the company’s Frito-Lay North America unit rose 7 [...]