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18.02.26 - 15:42
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British American Tobacco Reaffirms FY26 Outlook (AFX)
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LONDON (dpa-AFX) - British American Tobacco p.l.c. (BTI), a tobacco and nicotine company, Wednesday said that it is reaffirming its outlook for fiscal 2026.It continues to expect 5 percent to 8 pe......
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18.02.26 - 14:00
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Package-Food Stocks Sink After "Most Downbeat" Consumer Conference, General Mills Guidance Woes (ZeroHedge)
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Package-Food Stocks Sink After "Most Downbeat" Consumer Conference, General Mills Guidance Woes
A fresh reminder that the K-shaped economy remains a very big problem emerged Tuesday at the Consumer Analyst Group of New York (CAGNY) conference, where top U.S. packaged food executives struck a sour tone about persistent consumer softening and unease over elevated food prices.
General Mills CEO Jeff Harmening told the audience at CAGNY that cereal, snacks, and pet food are among the categories taking the biggest hit as consumers struggle with affordability woes. He said the pressure is being fueled by inflation, reductions in government food benefits, geopolitical uncertainty, and a fragile consumer environment.
Those factors "have led to significant consumer stress, especially for the middle- and lower-income groups," Harmening said.
Also on Tuesday, General Mills plunged 7% (its biggest drop since May 2022) after cutting its full-year sales outlook. It now expects organic ne...
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17.02.26 - 23:48
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′Food porn′: are sexy meal pics ruining the restaurant industry? (The Guardian)
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Swanky eateries are attracting an influx of influencers - whereas those that produce less varied and photogenic fare are strugglingName: Food porn.Age: Entered common parlance around the 1980s – Rosalind Coward used the term in her 1984 book Female Desire (one of its earliest documented uses). Continue reading......
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17.02.26 - 07:06
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Strong Lunar New Year demand fuels China′s gold jewellery market (SCMP)
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In the run-up to Lunar New Year, Chinese consumers were busy choosing gold jewellery, a traditional gift with deep cultural connotations, as strong market sentiment overshadowed sharp fluctuations in gold prices and assessments of the sector's outlook by investment banks remained upbeat.
Jewellers offered small discounts to boost holiday sales. For example, Chow Tai Fook Jewellery Group, China's largest retailer by store count, launched an 80 yuan (US$12) discount per gram on gold items in its......
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