Kellogg Ups Outlook On Strengthening Margins But Volumes Suffer
Kellogg Company raised its full-year profit guidance yesterday after further price hikes for its breakfast cereals and snacks strengthened its margins. However, the packaged...
Sales At Kraft Heinz Fall Short Of Expectations As Consumers Shun...
Kraft Heinz has reported lower-than-expected sales for its last quarter, as consumers were put off by the higher prices of its packaged meals and...
Overseas Sales Help AB InBev Offset Big Hit From Bud Light...
Latest results from AB InBev confirm that the brewing giant took a significant hit from the conservative backlash against Bud Light over a transgender...
Strong Quarter For Coca-Cola; Flags Some Further Price Rises
Coca-Cola raised its full-year forecasts yesterday after posting robust second-quarter results that were driven by further price increases and resilient consumer demand.
Over the three...
Remy Cointreau Confident On H2 Rebound After Weak Start To Year
French spirits group Remy Cointreau has reported a fall in first-quarter organic sales, reflecting weaker US demand, high year-ago comparables and destocking, and said...
Russia Seizes Control Of Danone And Carlsberg Operations
Russia has taken control of the Russian subsidiaries of yoghurt maker Danone and beer company Carlsberg.
Read the full article on the BBC website
Nestlé Names New CFO
Nestlé has hired the London Stock Exchange Group’s (LSEG) finance boss Anna Manz as its new Chief Financial Officer.
She will replace Francois-Xavier Roger, who...
Treasury Wine Warns Of Demand Hit From Inflation
Australia’s Treasury Wine Estates warned today that inflation was squeezing demand for its commercial-grade wine and driving up packaging costs,
Read the full article on...
Nestlé Names New Head Of Operations
Nestlé has announced the retirement of Magdi Batato, with Stephanie Pullings Hart taking over his role as Head of Operations.
Batato will take retirement in...
Slow Duty-Free Recovery Impacts Estee Lauder
Cosmetics giant Estee Lauder has stated that it now expects to deliver weaker annual sales and profit figures than previously estimated due to a...