Monday, December 23

Tag: Food/Beverages

Guinness Maker’s Morning After Offers Little Reassurance
16Nov By adminNo Comments
Money

Guinness Maker’s Morning After Offers Little Reassurance

Global liquor giant Diageo is reeling from the sudden death of its longtime chief executive in June followed by a profit warning last week that tanked the stock. But its real problem is more fundamental: the slow pace of sales in North America after an initial, post-Covid surge. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Breaking Down Your Thanksgiving Costs
16Nov By adminNo Comments
World

Breaking Down Your Thanksgiving Costs

Listen to article(2 minutes)There is no avoiding relatives this year. Thanksgiving gatherings are expected to look a lot more like they did prepandemic, as prices for turkey and travel moderate. Inflation is easing overall. American families are expected to gather in pre-Covid-size crowds of nine people on average, according to turkey seller Butterball—as big as or bigger than last year’s Thanksgiving.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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New York AG Files Lawsuit Against PepsiCo, Alleging Pollution of Buffalo River
15Nov By adminNo Comments
World

New York AG Files Lawsuit Against PepsiCo, Alleging Pollution of Buffalo River

Nov. 15, 2023 12:19 pm ETThe attorney general of New York has filed a lawsuit alleging PepsiCo’s production of single-use plastic is polluting the Buffalo River.Letitia James said Wednesday that PepsiCo’s single-use plastic production contributes significantly to high levels of plastic pollution along the Buffalo River that is contaminating drinking water and harming wildlife.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Diageo Shares Tumble After Guidance Cut
10Nov By adminNo Comments
World

Diageo Shares Tumble After Guidance Cut

Diageo shares had their worst one-day fall in more than three years after the liquor maker cut its guidance for both the short and medium term.Shares at 0822 GMT were down 306 pence, or 9.4%, to 2,940 pence.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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AB Foods Sees Strong Primark Margin Recovery, Launches Buyback 
7Nov By adminNo Comments
World

AB Foods Sees Strong Primark Margin Recovery, Launches Buyback 

Updated Nov. 7, 2023 3:18 am ETAB Foods said it will provide further returns to shareholders after its fiscal 2023 profit rose, and that it expects fashion retailer Primark’s margins to substantially recover on the back of easing costs.The British conglomerate said Tuesday that it aims to buy back 500 million pounds ($617.1 million) in shares over the next 12 months. In October the group completed a GBP500 million buyback program.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Stocks Edge Up to Build on Rally
7Nov By adminNo Comments
Money

Stocks Edge Up to Build on Rally

U.S. stocks rose Monday, building on a rally that pushed major indexes sharply higher over the past week.The S&P 500 added 0.2%, while the Dow Jones Industrial Average inched up 35 points, or 0.1%. The tech-heavy Nasdaq Composite rose 0.3% for its seventh consecutive session of gains, the longest winning streak since January.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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FDA Expands Recall of Children’s Fruit Pouches Over Possible Lead Contamination
6Nov By adminNo Comments
World

FDA Expands Recall of Children’s Fruit Pouches Over Possible Lead Contamination

Federal health officials expanded a recall of children’s fruit pouches to include two more brands over fears of possible lead contamination.Grocery store chains Schnucks and Weis Markets were added to the recall after the Food and Drug Administration said certain brand-name cinnamon applesauce pouches sold in their stores could contain too much lead.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Disney Names PepsiCo Executive Hugh Johnston as Its New Financial Chief
6Nov By adminNo Comments
World

Disney Names PepsiCo Executive Hugh Johnston as Its New Financial Chief

Walt Disney has named Hugh Johnston senior executive vice president and chief financial officer, plucking the finance executive from snacks and beverage giant PepsiCo.Disney on Monday said Johnston, 62 years old, will join the Burbank, Calif., entertainment titan on Dec. 4 after spending more than three decades with PepsiCo, where he has been chief financial officer since 2010.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Big Western Brands Are Getting Squeezed by Chinese Belt-Tightening
5Nov By adminNo Comments
World

Big Western Brands Are Getting Squeezed by Chinese Belt-Tightening

Updated Nov. 5, 2023 12:01 am ETHONG KONG—Leading Western brands in China are feeling the pinch from the country’s consumer slump.From luxury cosmetics firm Estée Lauder to apparel maker Canada Goose and iPhone seller Apple, companies are reporting weak results, with some saying customers aren’t reopening their wallets almost a year after Covid-related isolation ended.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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