Access the latest business news brought to you every fortnight from the team at Hunter Miller.
FMCGSep / 30 / 2016
PepsiCo Chief Financial Officer and Vice Chairman Hugh Johnston attributed the company's favorable earnings forecast to the company's investment in "non-carbonated" brands, particularly in the area of nutritious, guilt-free foods.
Johnston told CNBC's "Squawk on the Street" that the money the company has funneled into research and development, especially with its health-conscious brands like Sabra and Naked, is causing consumers to choose PepsiCo's products as nutrition becomes more important to consumers.
The company reported adjusted quarterly profit on Thursday that was eight cents above estimates, at $1.40 per share, while revenue also exceeded forecasts. It also raised its full-year forecast, as demand for snacks and beverages continued to rise.
Senior MovesSep / 30 / 2016
Under-pressure airline easyJet has taken the unusual step of appointing one of its non-executive directors as its next chief operating officer, as the budget carrier battles against the turbulence caused by the Brexit vote and a string of terrorist atrocities in Europe.
Christine Browne, a Thomson Airways veteran who joined easyJet's board as a non-executive last November, will succeed Warwick Brady in the role.
While Sainsbury's names Simon Roberts (previously of Boots and M&S) as Retail & Operations Director...
...and John Lewis boss Andy Street leaves the department store after being chosen to run as the Conservative candidate for West Midlands mayor.
Financial ServicesSep / 30 / 2016
RBS Group had to make a bold change in its marketing as the old way was ‘f**king up’ its brands, CMO David Wheldon says, as he launches an ambitious new strategy for NatWest that prioritises taking accountability for its own actions, whether good or bad.
NatWest has launched a new TV ad, which first aired 23 September and has the slogan ‘We are what we do’, that signifies major changes to the brand. It is part of a new campaign that recognises banks should be responsible for what they do as well as what they say, inviting consumers to hold NatWest to account for its actions.
RetailSep / 16 / 2016
M&S said Ms Wade-Gery would be leaving the company at the end of September and stepping down from its board with immediate effect. A month before she went on maternity leave, one of her rivals for the top job, clothing boss John Dixon, abruptly quit.
"I’ve been away from the business for a year now, and that time has seen some significant changes in both my personal life and in the business. I concluded that the time was right to move on from M&S", said Ms Wade-Gery.
Meanwhile Lidl UK appoints Christian Hartnagel, 34, as chief executive as Ronny Gottschlich steps down in mysterious circumstances after 16 years at the discount supermarket...
and John Lewis Partnership see sales rise but profits fall against a "very competitive" retail market and higher staff pay, as they seek to prepare the business for the future.