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May 4, 2021

Beverages (Legacy)

Lockdown snacking: Lots to munch on when PepsiCo reports results

Reuters
(Reuters) – Will people break their lockdown snacking habit once the pandemic eases? FILE PHOTO: Bottles of Pepsi are pictured at a grocery store in Pasadena, California, U.S., July 11, 2017. REUTERS/Mario Anzuoni/File Photo GLOBAL BUSINESS WEEK AHEAD PepsiCo Inc’s results on Thursday will give investors a glimpse of how......

China shares end higher as some IT firms pledge against anti-competition

Reuters
* SSEC 0.6%, CSI300 0.8% * HK->Shanghai Connect daily quota used 5.2%, Shanghai->HK daily quota used 0.7% * FTSE China A50 +0.5% BEIJING, April 14 (Reuters) – China shares rose on Wednesday, with IT firms leading the gains, as investors cheered internet platform companies pledging to avoid anti-competitive behaviours after......

Swiss luxury watchmakers learn to love the pre-owned market

Reuters
ZURICH, April 7 (Reuters) – Swiss luxury watch brands have long considered the market for pre-owned watches as a potential threat to their business, but now their view is shifting as they see it can provide valuable insights into pricing and demand. Initially seen as cannibalising sales of new watches,......

Egypt postpones tender for license to make cigarettes – sources

Reuters
A man smokes a Cleopatra cigarette, produced by Eastern Company SAE, at a cafe in Cairo, Egypt, on October 23, 2018. REUTERS/Mohamed Abd El Ghany/File Photo CAIRO (Reuters) – Egypt’s has postponed a tender for a licence to manufacture conventional and electronic cigarettes, two sources in companies selling tobacco there......

UPDATE 1-Flooding stops Australian coal rail deliveries to Newcastle port

Reuters
(Adds details of port, background) MELBOURNE, March 22 (Reuters) – Australia’s Hunter Valley coal rail lines have been shut due to flooding in the state of New South Wales, the Australian Rail Track Corp said on Monday, halting deliveries into the port of Newcastle, the world’s biggest coal export port.......

Danone board ousts Faber as chairman after activist pressure

Reuters
FILE PHOTO: Emmanuel Faber, chief executive officer of French food group Danone, poses before a news conference to present the company’s 2017 annual results in Paris, France, February 16, 2018. REUTERS/Pascal Rossignol/File Photo PARIS (Reuters) – The board of French food group Danone on Sunday voted to oust Emmanuel Faber......

‘A side of shares’: Deliveroo to offer 50 million pounds of stock to customers

Reuters
LONDON, March 7 (Reuters) – Deliveroo said shares worth 50 million pounds ($69 million) would be earmarked for customers in its upcoming flotation, with the offer branded “Great food with a side of shares”. The Amazon-backed food delivery firm announced plans on Thursday to list in London, with a potential......

Danone needs new independent chairman instead of Faber, says investor Artisan

Reuters
PARIS (Reuters) – U.S investment company Artisan Partners on Wednesday said that Danone needed to appoint a new, independent chairman, adding more pressure on Emmanuel Faber who holds that position at the French food company. This week, Danone said Faber – who until now has combined the CEO and chairman......

Taco Bell looks to enter crowding chicken sandwich space

Reuters
FILE PHOTO: Taco Bell shop is seen during the opening ceremony of a Taco Bell restaurant in Bangkok, Thailand January 22, 2019. Picture taken January 22, 2019. REUTERS/Soe Zeya Tun (Reuters) – Taco Bell, a unit of Yum Brands Inc, said on Monday it would launch its own version of......

UK could declare Brexit ‘water wars’: The Telegraph

Reuters
FILE PHOTO: A view shows the Cherbourg Harbour, France, January 21, 2021. REUTERS/Gonzalo Fuentes/File Photo (Reuters) – Britain could restrict imports of European mineral water and several food products under retaliatory measures being considered by ministers over Brussels’ refusal to end its blockade on British shellfish, the Telegraph reported. Senior......

Packaged food giants push direct online sales to gauge consumer tastes

Reuters
By Siddharth Cavale, Nivedita Balu (Reuters) – Packaged food giants including Kraft Heinz, General Mills and Kellogg are pushing sales of their products to consumers directly via their own online channels, in a quest to gather more data about shoppers’ purchasing habits. FILE PHOTO: Tins of Heinz Baked Beans rest......

Glencore reinstates dividend as 2020 net debt drops

Reuters
JOHANNESBURG, Feb 16 (Reuters) – Glencore on Tuesday reinstated its dividend after net debt fell by 10% in its full-year 2020, helped by surging commodity prices in the second half The commodities trader and miner which scrapped its dividend in August last year after a first-half loss amid the COVID-19......

Coca-Cola quarterly revenue falls 5% on new pandemic restrictions

Reuters
FILE PHOTO: Bottles of Coca-Cola are seen at a Carrefour Hypermarket store in Montreuil, near Paris, France, February 5, 2018. REUTERS/Regis Duvignau/File Photo (Reuters) – Coca-Cola Co reported a 5% fall in quarterly revenue on Wednesday, as fresh pandemic curbs closed the doors of the soda maker’s biggest sales drivers,......

Impossible Foods cuts faux meat prices by 20% at grocery stores

Reuters
FILE PHOTO: A banh mi sandwich made with a plant-based Impossible Pork patty at the Impossible Foods headquarters in Silicon Valley, in San Francisco, California, U.S., December 19, 2019. REUTERS/Richa Naidu/File Photo (Reuters) – Impossible Foods said on Tuesday it would cut the prices of its faux meat patties by......

Analysis – Less for more in Turkey: costly food starves economic rebound

Reuters
By Ezgi Erkoyun, Jonathan Spicer ISTANBUL (Reuters) – Food has become so expensive in Turkey that some people are spending what money they have to stock up on rice and pasta to avoid swallowing even higher prices in the months ahead. Women shop at a local market in Istanbul, Turkey......

Chipotle to hire 15,000 workers in the United States

Reuters
FILE PHOTO: The logo of Chipotle Mexican Grill is seen at the Chipotle Next Kitchen in Manhattan, New York, U.S., June 28, 2018. REUTERS/Shannon Stapleton (Reuters) – Chipotle Mexican Grill Inc said on Monday it would hire 15,000 workers in the United States, as the fast-casual burrito chain benefits from......

PM Johnson says: the state will need to lead – Telegraph

Reuters
FILE PHOTO: Britain’s Prime Minister Boris Johnson arrives to a news conference announcing tightening of COVID-19 tiers, at Downing Street in London, Britain December 30, 2020. Heathcliff O’Malley/Pool via REUTERS LONDON (Reuters) – British Prime Minister Boris Johnson said on Thursday that in the post-COVID-19 future the state would need......

Britain to restrict promotion of unhealthy food from April 2022

Reuters
FILE PHOTO: Chips are seen at Hawksmoor, Seven Dials on the opening day of “Eat Out to Help Out” scheme, amid the coronavirus disease (COVID-19) pandemic, in London, Britain August 3, 2020. Picture taken August 3, 2020. REUTERS/Dylan Martinez LONDON (Reuters) – Britain will ban “buy one get one free”......

Cargill to reopen Canadian beef plant after coronavirus outbreak

Reuters
FILE PHOTO: A Cargill logo is pictured in Lucens, Switzerland, September 22, 2016. REUTERS/Denis Balibouse/File Photo (Reuters) – Cargill Inc plans to begin reopening its Guelph, Ontario beef processing plant next week on Tuesday, days after it closed the facility due to an outbreak of COVID-19 infections among workers, the......

Britain to begin testing truck drivers to reopen France border

Reuters
FILE PHOTO: A Hungarian truck driver adjusts a satellite dish for viewing television on the front of his lorry whilst he waits at Ashford International Truck Stop, as EU countries impose a travel ban from the UK following the coronavirus disease (COVID-19) outbreak, in Ashford, Britain, December 21, 2020. REUTERS/Toby......

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