PepsiCo bets on higher soda sales as restaurants reopen
(Reuters) -PepsiCo Inc said on Thursday it expects organic revenue growth to pick up pace in the second quarter, betting on higher soda sales from restaurants that are gradually reopening following the speedy rollout of coronavirus vaccines. A pandemic winner, the company has been benefiting from homebound consumers stocking up their pantries with salty chips, […]
Cathie Wood’s Ark buys into Coinbase, sells a bit of Tesla
LONDON (Reuters) – Cathie Wood’s Ark funds bought $246 million worth of Coinbase shares on the cryptocurrency exchange’s Nasdaq debut on Wednesday and sold some Tesla shares, according to their daily fund trading summary.
Sustainable-bond issuance reaches record high in first quarter
LONDON (Reuters) -Sustainable-bond issuance surged to a record high in the first quarter as more countries and companies looked to tap growing demand from investors across the globe.
BlackRock quarterly profit jumps as assets rise over $9 trillion
(Reuters) – BlackRock Inc, the world’s largest asset manager, reported a 16% jump in first-quarter profit on Thursday as investors poured more money into its diverse funds and fee revenue jumped. The company’s net income rose to $1.2 billion, or $7.77 per share, in the three months ended March 31, from $1.03 billion, or $6.60 […]
Big business seeks unified, market-based approaches ahead of climate summit
(Reuters) – Corporate executives and investors say they want world leaders at next week’s climate summit to embrace a unified and market-based approach to slashing their carbon emissions.
China has a grand carbon neutrality target but where is the plan?
China’s new long-term targets, to reach peak emissions before 2030 and achieve carbon neutrality by 2060, are yet to be matched with a consistent short-term action plan.
A $9 million boss? UniCredit investors to decide how much Orcel is worth
MILAN (Reuters) – Investors are due to approve Andrea Orcel’s appointment as chief executive of UniCredit on Thursday, but the issue that scuppered his first attempt to run a major bank is overshadowing his second: pay.
Word up! Scrabble marks UK lockdown easing with light show
LONDON (Reuters) – Some of Britain’s favourite words were projected onto buildings around London to mark the easing of lockdown restrictions and National Scrabble Day on Tuesday. Words like “freedom”, “hope”, “family” and “beer” to represent the mood of the nation were beamed in the style of the game’s letter tiles onto a pub, shops […]
Oil maintains upward momentum but virus concerns cap gains
SINGAPORE (Reuters) -Crude oil climbed on Wednesday after industry data showed U.S. inventories declined more than expected and OPEC raised its outlook for oil demand, but gains were capped by worries about the coronavirus and by rising supplies.
Buying diamonds in lockdown? WhatsApp can be your best friend
MILAN (Reuters) – As Italy entered a new coronavirus lockdown and shut shops in March, Genoa-based jeweller Gismondi 1754 turned to messaging service WhatsApp to sell a 300,000 euro diamond ring to a wealthy Swiss client.
