consumer-perception
FinancePrimark Owner Ab Foods Warns of ‘substantial’ Cost Inflation
Top StoriesPandora Braces for Recession Despite Resilient Demand
InvestingRyanair Hails ‘very Strong’ Recovery With Record Summer Profit
Top StoriesSix in Ten Britons Will Spend Less at Christmas -Deloitte Survey
Kellogg Raises Annual Forecasts on Higher Prices as Margin Pressure Looms
Date: November 3, 2022
(Reuters) -Kellogg Co raised its full-year sales and profit forecasts on Thursday as demand for pricier cereals and snacks stays strong in North America amid relentless cost pressures. The cereal maker’s shares were down about 6% at $71.20 as the company warned its profit margins in the fourth quarter would not improve as much as...
Inter Ikea Posts 45% Profit Fall on Costs, Russia
Date: November 3, 2022
STOCKHOLM (Reuters) – IKEA franchiser Inter IKEA posted a 45% fall in pre-tax profit for the year through August to 931 million euros ($908 million) as it passed on some, but not all, costs to store owners. The fall reflected higher raw material and transport costs as well as the closure of its factories in...
Bmw Sees Pressure in Europe as Inflation Hits Buyers
Date: November 3, 2022
By Paul Carrel and Nick Carey BERLIN (Reuters) -BMW expects strong sales growth in the fourth quarter, but warned rising inflation and interest rates would start to weigh on European demand in particular in the coming months. The German premium automaker beat forecasts with a rise in third quarter profit, as higher car prices offset...
Wall Street Sees Little Respite to Qualcomm’s Smartphone Gloom
Date: November 3, 2022
(Reuters) – Sales at Qualcomm Inc are slowing as the smartphone market heads for its worst contraction in years, and Wall Street analysts don’t expect that to turn around anytime soon. At least 14 brokerages lowered their price targets on the largest maker of smartphone chips on Thursday after it gave a forecast $2 billion...
L’Oréal Denies Report Saying It Suspended Twitter Ad Spending
Date: November 3, 2022
(Reuters) -Cosmetics maker L’Oréal SA said it had not suspended advertising spending on Twitter, denying a Financial Times report from earlier on Wednesday that cited sources familiar with the matter. “L’Oréal did not make any decision to suspend advertising spending on Twitter,” a company spokesperson told Reuters in an email. Twitter did not immediately respond...
Mickey Mouse, Spider-Man, Super Mario Added to Russia’s Parallel Imports Scheme
Date: November 3, 2022
(Reuters) – Moscow on Wednesday added Walt Disney, Marvel and DC Comics to a list of brands that can be imported without permission, ensuring sanctions will not hit Russians’ ability to snap up authentic Mickey Mouse and Spider-Man memorabilia. In response to tough punitive measures imposed after the Ukraine invasion, Russia has been pushing a...