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November 8th - We expect September GDP to contract by 0.1% month-on-month. While retail sales grew by 0.5% month-on-month, we see weakening momentum in other sectors of the service sector due to weaker survey data, including a drop in the services PMI to 50.8. Furthermore, we expect a contraction in the production sector following a strong performance in August. In particular, we anticipate that the Jaguar Land Rover production halt will drag down results, leading to a significant decline in monthly car production and impacting the broader supply chain. Our estimates suggest that third-quarter GDP will grow by 0.2% quarter-on-quarter, consistent with the Bank of Englands estimate.November 8th - According to the latest report from the World Platinum Investment Council, the global platinum market is entering a period of sustained shortage. From the supply side, global platinum supply is highly dependent on South Africa, and mine expansion cycles can take up to three years. Faced with strong market demand, the supply side is struggling to respond quickly, meaning that the industrys structural deficit will persist for years to come, further exacerbating the tight supply situation.A U.S. judge ruled that Trumps order for the National Guard to go to Portland, Oregon, was illegal.US President Trump: Now is the time for Republican senators to stop playing tricks on the radical left Democrats, immediately stop obstructing the proceedings, immediately open the government, and pass some great legislation based on common sense!On November 8th, following shareholder approval of Elon Musks $1 trillion compensation package, his rival, U.S. electric vehicle maker Rivian, announced on Friday a compensation package worth up to $4.6 billion for CEO and founder RJ Scaringe, linking the award to the companys earnings and stock performance over the next decade. Rivian stated that Scaringe will receive options to purchase up to 36.5 million Class A common shares at an exercise price of $15.22 per share, approximately 16 million more than his previous award. The options will vest in stages over the next ten years, subject to conditions including the companys stock price reaching different target levels between $40 and $140 per share, and achieving new revenue and cash flow targets over the next seven years.

Coca-Cola HBC's Profit Rises Due to Price Increases And Expense Reductions

Skylar Williams

Feb 14, 2023 17:01

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Coca-Cola (NYSE:KO) HBC AG announced a higher-than-anticipated operating profit for 2022 on Tuesday, aided by pricing increases and cost-cutting efforts.


However, the bottler anticipates organic operating profit growth between +3% and -3% in 2023.


For the year ending December 31, Coca-Cola HBC reported earnings of 703.8 million euros ($755.5 million), which was above the company-compiled analysts' estimate of 658.2 million euros.


Although there has been a shift in consumer spending due to customers' preference for cheaper options in the face of rising inflation, demand for packaged beverages and foods has remained robust despite price increases.


The wide portfolio of the Switzerland-based firm includes alcoholic beverages such as The Macallan and Jack Daniel's, fizzy drinks Sprite and Monster Energy, and Bambi cookies and wafers.


According to the company-compiled consensus, analysts anticipate an organic operating profit of around 865,6 million euros in 2023, representing a year-over-year increase of 23%.

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