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Coca-Cola plans to invest $1 billion in Nigeria operations, presidency says

Coca-Cola plans to invest $1 billion in Nigeria operations, presidency says ABUJA, Sept 19 (Reuters) - Coca-Cola plans to invest $1 billion in its Nigeria operations over the next five years, the country's presidency said after a meeting between President Bola Tinubu and senior executives of the soft drinks maker on Thursday. Tinubu met John Murphy, president and chief financial officer of Coca‑Cola KO.N , Zoran Bogdanovic, CEO of Coca-Cola HBC CCH.L - one of Coca-Cola's many bottlers worldwid
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U.S. Avalonbay Communities, Elf Beauty, Evercore

U.S. RESEARCH ROUNDUP-Avalonbay Communities, Elf Beauty, Evercore Sept 16 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Avalonbay Communities, Elf Beauty and Evercore on Monday. HIGHLIGHTS * Avalonbay Communities Inc AVB.N : JP Morgan raises target price to $247 from $212 * Colgate-Palmolive Co CL.N : Wells Fargo cuts to underweight from equal-weight * Elf Beauty Inc ELF.N : Piper Sandler cuts target price to $162
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Evan Spiegel is the skunk at the founder’s party

BREAKINGVIEWS-Evan Spiegel is the skunk at the founder’s party The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Jennifer Saba NEW YORK, Sept 13 (Reuters Breakingviews) - Snap SNAP.N architect and boss Evan Spiegel gets points for frankness. In a blog post published last week, he bluntly lays out the reason for the investor chill that has dogged his $16 billion social media company’s stock price: slower advertising growth than its peers.
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Insight Partners explores $4 bln-plus sale of Tricentis, sources say

Insight Partners explores $4 bln-plus sale of Tricentis, sources say By Milana Vinn Sept 13 (Reuters) - Private equity firm Insight Partners is exploring a sale of Tricentis, in a deal that it is hoping could value the software provider for developer applications at more than $4 billion, according to four people familiar with the matter. Insight is working with investment bank Evercore EVR.N to solicit interest from potential buyers, which include other private equity firms, the sources said.
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European beverages: DB cuts Pernod and Remy after dismal summer for booze stocks

BUZZ-European beverages: DB cuts Pernod and Remy after dismal summer for booze stocks ** Deutsche Bank says soft drinks are the clear winner in the European beverages sector, while spirits and beer have suffered from a combination of negative estimate revisions and multiple contraction post a dismal summer ** "Brewers have not performed as well as we expected due to a combination of adverse weather in June and a lack of COGS (cost of goods sold) tailwinds," says DB ** It still sees the beer sect
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U.S. Coca-Cola, KB Home, Newmark Group

U.S. RESEARCH ROUNDUP-Coca-Cola, KB Home, Newmark Group Sept 5 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Coca-Cola, KB Home and Newmark Group on Thursday. HIGHLIGHTS * Capital Clean Energy Carriers CCEC.O : Evercore ISI initiates coverage with outperform rating * Coca-Cola Co KO.N : CFRA cuts to hold from buy * KB Home KBH.N : RBC cuts to underperform from sector perform * Newmark Group Inc NMRK.O : KBW raises
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Coke and Pepsi boycott over Gaza lifts Muslim countries' local sodas

INSIGHT-Coke and Pepsi boycott over Gaza lifts Muslim countries' local sodas Local brands like Cola Next and V7 see surge in demand Boycotts driven by politics, history and U.S. support for Israel Coke and Pepsi invest in local markets despite setbacks Adds link to factbox in paragraph 9 By Ariba Shahid, Jessica DiNapoli and Farah Saafan KARACHI/CAIRO/NEW YORK, Sept 4 (Reuters) - Coca-Cola KO.N and rival PepsiCo PEP.O spent hundreds of millions of dollars over decades building demand for their s
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From apartheid to Gaza, consumer boycotts have hit major companies over the years

REFILE-FACTBOX-From apartheid to Gaza, consumer boycotts have hit major companies over the years Corrects to remove extraneous letter in paragraph 1, changes story identification tag LONDON, Sept 4 (Reuters) - Global companies including Anheuser-Busch InBev ABI.BR , Coca-Cola KO.N and Target TGT.N have suffered hits to sales and, in some cases, reputations, after shoppers boycotted their products or services over the years.
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Coke and Pepsi boycott over Gaza lifts Muslim countries' local sodas

INSIGHT-Coke and Pepsi boycott over Gaza lifts Muslim countries' local sodas Local brands like Cola Next and V7 see surge in demand Boycotts driven by politics, history and U.S. support for Israel Coke and Pepsi invest in local markets despite setbacks By Ariba Shahid, Jessica DiNapoli and Farah Saafan KARACHI/CAIRO/NEW YORK, Sept 4 (Reuters) - Coca-Cola KO.N and rival PepsiCo PEP.O spent hundreds of millions of dollars over decades building demand for their soft drinks in Muslim-majority countr
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7-Eleven Unveils Bold New Slurpee Drink Experience With Coca-Cola And Oreo

BRIEF-7-Eleven Unveils Bold New Slurpee Drink Experience With Coca-Cola And Oreo Sept 3 (Reuters) - Coca-Cola Co KO.N : 7-ELEVEN UNVEILS BOLD NEW SLURPEE® DRINK EXPERIENCE WITH COCA-COLA® AND OREO® Source text for Eikon: ID:nPn1gv6Zja Further company coverage: KO.N
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Dabur, Jubilant owners bid for stake in Coca-Cola's India bottling arm - ET

MEDIA-Dabur, Jubilant owners bid for stake in Coca-Cola's India bottling arm - ET - Source link: ( https://bityl.co/RpRh ) - Note: Reuters has not verified this story and does not vouch for its accuracy (Bengaluru newsroom)
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U.S. Autodesk, Elastic NV, GMS

U.S. RESEARCH ROUNDUP-Autodesk, Elastic NV, GMS Aug 30 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including Autodesk, Elastic NV and GMS, on Friday. HIGHLIGHTS * Autodesk Inc ADSK.O : RBC raises target price to $313 from $290 * Elastic NV ESTC.N : Piper Sandler cuts target price to $100 from $131 * GMS Inc GMS.N : Truist Securities cuts target price to $90 from $95 * Nvidia Corp NVDA.O : Baird raises target price to $150 f
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Turn/River Capital explores $2.5 billion sale of Redwood Software, sources say

Turn/River Capital explores $2.5 billion sale of Redwood Software, sources say By Milana Vinn Aug 20 (Reuters) - Investment firm Turn/River Capital is exploring a potential sale of Redwood Software that could value the maker of automation software at about $2.5 billion including debt, according to people familiar with the matter. San Francisco-based Turn/River has tapped Goldman Sachs GS.N to launch a sale process for Redwood that is expected to attract interest from other private equity firms,
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Brewers tap growth of zero-alcohol beers in Middle East

FOCUS-Brewers tap growth of zero-alcohol beers in Middle East By Mohamed Ezz and Emma Rumney CAIRO/LONDON, Aug 15 (Reuters) - Egyptian Mohannad Abdelazeem, 35, doesn't drink alcohol. But he does consume three or four cans per day of Moussy and Fayrouz - alcohol-free beers. Brewers including Carlsberg CALRb.CO and Anheuser-Busch InBev ABI.BR say interest is growing in such booze-free brews across the Middle East and North Africa, presenting opportunities in a region with some of the lowest alcoho
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Mars to buy Pringles maker Kellanova for $36 billion in 2024's biggest deal

UPDATE 8-Mars to buy Pringles maker Kellanova for $36 billion in 2024's biggest deal All-cash deal for $83.50 per Kellanova share Acquisition expands Mars' snacking platform Shares up nearly 8% in early trade Adds more background on Mars and Kellanova from paragraphs 17-25 By Anirban Sen, Savyata Mishra, Jessica DiNapoli and Abigail Summerville NEW YORK, Aug 14 (Reuters) - Family-owned candy giant Mars is buying Cheez-It maker Kellanova K.N in a nearly $36 billion deal, bringing together brands
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From PepsiCo to P&G, India becomes next big growth bet as China lags

REFILE-From PepsiCo to P&G, India becomes next big growth bet as China lags Fixes typo in paragraph 2 By Ananya Mariam Rajesh Aug 9 (Reuters) - India has become the next big bet for PepsiCo, Unilever and other packaged goods giants looking to fill the growth vacuum left by an uneven recovery in China. With India's economy expanding at the fastest pace among major emerging markets , companies are trying to serve its diverse palate by launching new flavors and size variants aimed at attracting the
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Bottler Coca-Cola HBC lifts 2024 revenue forecasts on strong H1

UPDATE 2-Bottler Coca-Cola HBC lifts 2024 revenue forecasts on strong H1 Rewrites throughout, adds share move in paragraph 2, analyst note in paragraph 3 and details of U.S. Coca-Cola in paragraph 9 Aug 7 (Reuters) - Bottler Coca-Cola HBC CCH.L boosted its annual operating profit and revenue forecast on Wednesday, as the Swiss group posted higher first-half revenue, helped by measures to mitigate the impact of high inflation and currency fluctuations.
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BOJ saves the day

LIVE MARKETS-BOJ saves the day Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com . BOJ SAVES THE DAY Is the Bank of Japan taking the mantle of market saviour from the Fed? Nikkei investors sure hope so. After falling 3% early in the day, the Nikkei rebounded 2.8% and was almost back where it started before Monday's 13% crash.
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BOJ saves the day

MORNING BID EUROPE-BOJ saves the day A look at the day ahead in European and global markets from Stella Qiu. Is the Bank of Japan taking the mantle of market saviour from the Fed? Nikkei investors sure hope so. After falling 3% early in the day, the Nikkei rebounded 2.8% and was almost back where it started before Monday's 13% crash. BOJ Deputy Governor Shinichi Uchida saved the day, and perhaps the fate of the yen carry trade, by saying the central bank wouldn't hike interest rates when markets
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Berkshire Hathaway Inc Says Q2 Net Earnings Attributable To Berkshire Shareholders $30.35 Bln Versus Year-Earlier $35.91 Bln

BRIEF-Berkshire Hathaway Inc Says Q2 Net Earnings Attributable To Berkshire Shareholders $30.35 Bln Versus Year-Earlier $35.91 Bln Aug 3 (Reuters) - Berkshire Hathaway Inc BRKA.N : – Q2 NET EARNINGS ATTRIBUTABLE TO BERKSHIRE SHAREHOLDERS $30.35 BILLION VERSUS YEAR-EARLIER $35.91 BILLION – Q2 OPERATING EARNINGS $11.60 BILLION VERSUS YEAR-EARLIER
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