Pepsi posts better profit October 12, 2011 PEPSICO is planning to raise prices on some drinks and snacks in the coming weeks to help offset higher commodity costs. The maker of Pepsi-Cola reported slightly better than expected third-quarter earnings last night, sending shares up four per cent. The US firm reported net income of $2bn (£1.27bn) compared with $1.92bn a year earlier. [...]
Pepsi posts better profit October 12, 2011 PEPSICO is planning to raise prices on some drinks and snacks in the coming weeks to help offset higher commodity costs. The maker of Pepsi-Cola reported slightly better than expected third-quarter earnings last night, sending shares up four per cent. The US firm reported net income of $2bn (£1.27bn) compared with $1.92bn a year earlier. [...]
US faces China yuan fury October 12, 2011 THE WHITE House stepped into the furore over China’s control of the yuan yesterday, after Chinese authorities blasted US plans to impose sanctions on any state that manipulated its currency for trade advantage. The US Senate passed a bill on Tuesday in retaliation for China’s policy of flooding the US with artificially cheap goods by [...]
Bearish Aussie avoided by pandering to China October 25, 2011 THE Australian dollar has been trading around its six-week high this week, receiving a boost from encouraging data coming out of China – a country upon which its economy relies on heavily. At the same time, it has benefited from a strong commodity market. The Aussie dollar was trending around the $1.0400 area yesterday, but [...]
Currency war fear as Swiss set franc floor September 6, 2011 SWITZERLAND’S central bank shocked currency markets yesterday by pegging its burgeoning currency to the euro to limit its soaring value as a safe haven and shore up battered Swiss exporters. The Swiss National Bank said it was “prepared to buy foreign currency in unlimited quantities” to keep the franc at a minimum 1.20 exchange rate [...]
US retail sales up despite confidence fall October 14, 2011 US retail sales grew at the fastest pace in seven months in September as consumers shook off concerns about a weak stock market and political gridlock, new data shows. Consumer sentiment, however, unexpectedly slipped in early October as worries about declining incomes drove a measure of expectations to the lowest level in more than 30 [...]
London lets the world in October 26, 2011 TWENTY-FIVE years ago today the doors of the London Stock Exchange were blown wide open. In one sweeping moment of market deregulation, London’s horizons suddenly broadened, and money flowed into the Square Mile. Outside investment broke up the LSE’s boys’ club and fixed commission charges for brokers, which effectively killed competition, were scrapped. The brainchild [...]
THE WEEK AHEAD October 9, 2011 COMPANY NEWS ● Burberry will make its second quarter trading statement on Wednesday. China has been driving demand for luxury European goods, but there have been signs that this demand is beginning to abate, which will not bode well for the UK brand. ● Hargreaves Lansdown will release an interim management statement on Thursday. Many [...]
THE WEEK AHEAD October 9, 2011 COMPANY NEWS ● Burberry will make its second quarter trading statement on Wednesday. China has been driving demand for luxury European goods, but there have been signs that this demand is beginning to abate, which will not bode well for the UK brand. ● Hargreaves Lansdown will release an interim management statement on Thursday. Many [...]
Modelling a return to the old currencies November 9, 2011 THOUGH the debates and political squabbling will continue to rage on in the gilded offices of politicians and central bankers, we have reached the point where many will be looking at the practical side of a return of one or more of the old European currencies. But which will be the first to fall? The [...]