Financials & Economy
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Starbucks raises full year guidance following impressive Q3 performance
USA – Starbucks, the world’s largest coffeehouse chain, is now expecting fiscal earnings per share to be in a range of US$2.97 to US$3.02, up…
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Nestlé raises full year guidance following strongest first half growth in a decade
SWITZERLAND – World’s largest food manufacturing company Nestlé is upbeat about the remainder of the year following an impressive run in the first half of 2021. In the…
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Mondelēz, ADM post double digit profit growth in Q2 as markets recover from pandemic
US – American multinational confectionery and snack food company Mondelēz International and its commodity trading counterpart ADM have reported double-digit growth in their quarter 2 (Q2) profits,…
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Woolworths’ 118% rise in online food sales drive overall growth of segment
SOUTH AFRICA – South African retail giant Woolworths, has reported that its group sales for the 52 weeks ended 27 June 2021, increased by 9.7%…
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Distell to register triple digit profit growth supported by improved performance across all markets
SOUTH AFRICA – Despite repeated bans on alcohol sales at his home market, Distell is expecting strong profit growth for the year to end-June. The…