Financials & Economy
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Pernod Ricard buys minority stake in Sovereign Brands, expresses confidence on sales momentum as US, China lift profits
US – French alcoholic beverage company Pernod Ricard has acquired a minority stake in wine and spirits company Sovereign Brands, starting off a long-term partnership…
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Campbell full-year sales decline 2% as pandemic boom wanes and inflation sets in
USA – American processed food and snack company Campbell Soup has recorded a 2% decline in full-year net sales as markets return to normalcy following a…
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Coca-Cola Europacific Partners half year profits jump 58% driven by market rebound in Q2
UK – Coca-Cola Europacific, one of the largest anchor bottlers of Coca-Cola, has seen its half year profits jump 58% driven by a strong market rebound in…
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Massmart’s half-year losses narrow as turnaround strategy takes shape
SOUTH AFRICA – Struggling South African retail giant Massmart is starting to see returns from its turnaround strategy with losses narrowing by 8.1% in the…
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Sea Harvests half-year revenues up 5% despite pandemic severely impacting aquaculture segment
SOUTH AFRICA- The Sea Harvest Group, a leading seafood and branded fast-moving consumer goods (FMCG) agri-business in South Africa, has posted strong half-year results despite…