Food and drink
HSBC upgrades Anheuser-Busch InBev to buy, says stock can surge 30% on premium brands
Anheuser-Busch InBev is now an attractive buying opportunity after shares fell from their highs, according to HSBC. Analyst Carlos Laboy upgraded shares of the Belgian beer maker to buy from hold, and slightly raised the price target of EUR65 from EUR64. It implies that shares can jump 33% from Friday’s closing price, according to the […]
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Warm foods or warm classrooms? United kingdom educational facilities confront hard choices as electricity crisis bites
U.K. faculty caterers have warned that rising foodstuff expenses and supply chain constraints could see youngsters going through smaller sized parts in canteens, with low-cash flow people the worst affected. Picture Alliance | Getty Illustrations or photos As U.K. educational institutions reopen for the autumn expression, caterers are warning that small children could be confronted […]
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From vegan meatballs to ice cream sundaes, airlines are revamping in-flight menus
Courtesy: Singapore Airlines The aromas of airplane food are once again wafting through cabins at 35,000 feet. From vegan meatballs to ice cream sundaes, airlines are offering new options and old favorites to woo returning travelers. As the peak travel season fades and inflation weighs on household and company budgets, it’s even more important than […]
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Chobani withdraws IPO plans after yogurt maker filed to go public in November
Packages of Chobani yogurt sit on the shelf at a grocery store July 7, 2021 in Washington, DC. Drew Angerer | Getty Images Chobani is withdrawing its plans for an initial public offering, according to a regulatory filing on Friday. The food and beverage company filed to go public on the Nasdaq Exchange using the […]
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We were mostly buyers during this turbulent week for stocks. Here’s a recap of all our trades
After raising cash in recent weeks, we put money to work as a Fed-related sell-off tipped the market into oversold conditions. Source
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NYC sues Starbucks for coffee chain’s firing of union organizer
A cup of Starbucks coffee sits on a table in a cafe. Joel Boh | Reuters New York City is suing Starbucks over allegations that the company wrongfully terminated a barista and union organizer. The city’s Department of Consumer and Worker Protection said the case marks its first lawsuit for a violation of New York […]
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We’re making a small buy in a newer stock, the latest step in bulking out our position
We’re making one buy Thursday afternoon, putting more of our large cash position to work into a market that is oversold. Source
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Gatorade adds caffeine to its lineup with energy drink Fast Twitch
Fast Twitch, from the makers of Gatorade Source: PepsiCo Gatorade is entering the energy drink category with a caffeinated spin-off called Fast Twitch. It represents yet another example of beverage companies blurring the lines between drink categories, seeking to leverage existing brand loyalty while entering fast-growing categories. Gatorade’s parent company, PepsiCo, has already expanded Mountain […]
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‘There’s no sign of any rain coming to us’: Europe’s extreme weather risks smaller harvests and higher prices
British farmers have warned that the country’s hot and dry conditions will inevitably lead to smaller harvests this year. Planet One Images | Universal Images Group | Getty Images In a typical year, Rodger Hobson can expect to produce around 35,000 tons of carrots on his 880-acre farm in Yorkshire in northern England. But 2022 […]
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How we’re positioning our portfolio heading into the worst month of the year
We’ve been shaping our investments around companies that can historically hold up in tough environments, and using downturns to buy high-quality tech. Source
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