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29.10.26 - 19:33
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Maker Of Wild Turkey And Grand Marnier Tumbles After North American Sales Go Flat (ZeroHedge)
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Maker Of Wild Turkey And Grand Marnier Tumbles After North American Sales Go Flat
Shares of Italian spirits group Campari, maker of Aperol, Wild Turkey, SKYY vodka, and Grand Marnier, plunged the most in European trading since May after an unexpected decline in third-quarter North American sales."In North America, we are still growing, just to be clear, but the overall growth trajectory for this year is being impacted by the US," CEO Simon Hunt told analysts on the company's earnings call.Third-quarter sales rose 3.2% to 777 million euros, exceeding the Bloomberg Consensus estimate of 761.8 million euros. Strength in Europe and developing markets offset weakness elsewhere, allowing Campari to maintain its full-year organic net sales growth forecast of about 3%.Dismal performance in its North American market sent Campari shares spiraling as much as 7.5% in Europe. Organic sales in the region fell 2%, versus expectations of a 2.7% increase, according to Jefferies analysts.Jefferies analys...
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13.10.26 - 02:12
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Saudi Energy Conference Loses Shell, Exxon, BP Execs - Who Bail After Houthi Strikes (ZeroHedge)
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Saudi Energy Conference Loses Shell, Exxon, BP Execs - Who Bail After Houthi Strikes
Via The Cradle
Several top energy executives were dropped from the schedule of Saudi Arabia's ongoing WPC Energy Congress in Riyadh on Monday, as the kingdom insists on holding the conference despite the threat to the capital posed by the Ansarallah-led Yemeni Armed Forces (Houthis).
The event began on October 11 and is meant to run until 15 October. The head executives of ExxonMobil, TotalEnergies, Shell, Chevron, and BP were expected at the event.
Source: Asharq Al-AwsatOn Monday, they were no longer listed on the agenda that the conference organizers put out.
"To everyone who traveled to Riyadh, thank you," said Saudi Energy Minister Abdulaziz bin Salman while making the opening comments at the WPC Energy Congress.
"You know this country is safe and that we hold your protection at whole heart… Our gathering here does not mean the risk is gone," he said.
He said that...
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