Investing.com -- S&P Global Ratings has revised its outlook on Anheuser-Busch InBev S.A./N.V. (EBR:ABI) to positive from stable, citing the company’s strong free cash flow generation and momentum in reducing debt. The ’A-/A-2’ long- and short-term issuer credit ratings on ABI and the ’A-/A-2’ issue ratings on its senior unsecured debt instruments and programs have been affirmed.The ...
(Reuters) -PepsiCo is in advanced talks to buy healthier soda brand Poppi in a deal worth more than $1.5 billion, Bloomberg News reported on Friday, citing people with knowledge of the matter.The soda and snacks giant could announce the deal as soon as next week, the report said. While deliberations are at a late stage, they could still be delayed, it said.Poppi, based in Austin, Texas, was f ...
By Tassilo Hummel and Elisa AnzolinPARIS/MILAN (Reuters) -Kering lost around $3 billion in stockmarket value on Friday after the group chose in-house talent Demna to reinvigorate its Gucci label rather than hiring one of fashion’s big-ticket names as chief designer. Kering (EPA:PRTP)’s shares fell by up to 13% in morning trade in Paris and were on track for their worst day in almost a year fo ...
By Luciana MagalhaesSAO PAULO (Reuters) - LATAM Airlines (NYSE:LTM) is seeking to terminate its codeshare agreement with Brazilian regional carrier Voepass as early as the second half of this year, according to two people familiar with the matter.The move would deliver another blow to Voepass, which is already facing a potential bankruptcy protection process, after Brazil’s aviation regulator ea ...