DIRS.INFO The most relevant business & tech news

☆ How electric trucks are becoming the norm for moving cargo
▼ + stars: | 2024-04-18 | by ( Jonathan Keane | ) www.cnbc.com time to read: +6 min

Drayage trucks, which bring cargo from ports to warehouses nearby, must make the move to electric by 2035 in the U.S. state. Transitioning fleets to electricAcross the Atlantic, Dutch brewer Heineken recently partnered with Swedish electric truck start-up Einride to make the transition to electric. Getting more electric trucks to carry cargo on the road, especially for long-distance journeys, will need to be spearheaded by cargo owners that want their goods moved sustainably. Many of the new trucks will be deployed in markets where DFDS has not yet moved to electric trucks, including in the U.K. In California, Lime's use of electric trucks has been driven by legislation that states all drayage trucks must be zero-emissions by 2035.

Persons: Andrew Savage, we've, Savage, Arjen van der Woude, that's, van der Woude, Sweden's, Robert Falck, " Falck, Lime's Savage Organizations: PT Vale, Hight Logistics, CNBC, Heineken, DFDS, Volvo Locations: PT Vale Indonesia, China, California, U.S ., North America, Los Angeles, Long, Canada, Dutch, Swedish, Netherlands, Germany, Europe, Rotterdam

☆ Goldman Sachs just added stocks to its top Asian picks, giving one over 45% upside
▼ + stars: | 2024-04-12 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Goldman Sachs has refreshed its conviction list of top stocks in Asia Pacific this month, adding some names and removing others. Here are two additions to Goldman Sachs' Asian conviction list, and two removals: China Resources Beer Goldman analyst Leaf Liu said he was positive on the outlook for Chinese beer manufacturer and distributor China Resources Beer . Goldman Sachs has a 12-month price target of 51 Hong Kong dollars ($6.51) on the stock, giving it potential upside of around 46%. NTPC India's power generation company NTPC — formerly the National Thermal Power Corporation — was another addition to Goldman's conviction list. Shionogi, China Medical System Meanwhile, the Wall Street bank removed two pharmaceutical players — Japan's Shionogi and the China-headquartered China Medical System — from its conviction list.

Persons: Goldman Sachs, China Resources Beer, Leaf Liu, CRB, —, National Thermal Power Corporation —, Apoorva Bahadur, Bahadur, Goldman, — Japan's Shionogi, — CNBC's Michael Bloom Organizations: MSCI Asia, China Resources, China Resources Beer Goldman, China Resources Beer, Brands, Star, Heineken, Hong, Franklin FTSE, National Thermal Power Corporation Locations: Asia Pacific, Japan, China, ,, Tianjin, premiumization, Hong Kong, Franklin FTSE China, Shionogi

☆ Make these 4 moves to capitalize on one of the best investing opportunities in 50 years, according to a top-1% fund manager who's dominated in the last decade
▼ + stars: | 2024-04-06 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Read previewAlthough US stocks have been all the rage this year, a top-performing fund manager remains convinced that the most compelling investing opportunities are in international equities. Its 80% gain over the past five years is more than double that of the STOXX Europe 600 and is six-fold above the 13% return of Vanguard's Total International Stock Index ETF (VXUS). The Brandes International Equity Fund has been in the top 10% of its category in the last 10 years, according to Morningstar, which includes a top-1% finish in 2023. AdvertisementOnce the fund manager finds stocks that fit this bill, he thinks more like a business owner than a stock trader. Of all the opportunities in international markets, Germain is especially drawn to four stocks across various countries and industries.

Persons: —, Jeff Germain, Germain, David Kelly, Brandes, He's, " Germain, Royce Organizations: Service, Vanguard's, Stock, Business, Brandes Investment Partners, Brandes International Equity Fund, JPMorgan Asset Management, Morningstar, Heidelberg, Embraer, Royce, Heineken Locations: German, Brazil, Britain

NEW YORK (AP) — St. Patrick's Day parades across the U.S. are planned for Saturday, promising to turn one river green in the Midwest, commemorate the bicentennial of a parade in the South and put forth the first female leader of a major beer company as its marshal. While St. Patrick's Day falls on March 17, it's being observed with major parades a day early so it doesn't land on Sunday, a day of rest for the faithful. In New York City, neighborhoods have held smaller parades for the past few weeks. In February, conservative Staten Island held its first St. Patrick's Day parade allowing LGBTQ+ flags and groups. On Saturday, Heineken CEO Maggie Timoney plans to serve as grand marshal of the Manhattan parade, according to organizers.

Persons: Patrick's, it's, Maggie Timoney Organizations: —, Catholic Irish, Saturday, Heineken, Chicago Plumbers Union Locations: — St, U.S, New York City, Staten, Manhattan, Ireland, Chicago, Savannah , Georgia, Georgia's

☆ How Athletic Brewing Co. dominates the booming nonalcoholic beer market
▼ + stars: | 2024-03-11 | by ( Devan Burris | ) www.cnbc.com time to read: +2 min

Founded in 2017, Athletic Brewing Co. opened the doors to its nonalcoholic craft brewing facility within a year. Unlike other brewing companies, Athletic Brewing didn't cut its teeth making alcoholic beer before pivoting into nonalcoholic options. Instead, Athletic Brewing was founded on the idea that nonalcoholic beer didn't need to be a niche category with limited offerings. Fast forward to 2024, and Athletic Brewing is now dominating the nonalcoholic beer market. According to NielsenIQ data, Athletic Brewing represents 19% of the domestic nonalcoholic beer market, making it the top nonalcoholic beer brand in the country.

Persons: I'd, Bill Shufelt Organizations: Budweiser Zero, Heineken, Athletic Brewing Co, Athletic, Athletic Brewing, CNBC, Foods Locations: Connecticut

☆ European markets mixed with earnings, U.S. inflation in focus
▼ + stars: | 2024-02-13 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

LONDON — European markets were a mixed bag on Tuesday morning, as investors assessed incoming corporate earnings reports and awaited a key U.S. inflation print. The pan-European Stoxx 600 index slipped 0.15% in early trade, with tech stocks shedding 1.3% to lead losses while mining stocks added 0.5%. Headline inflation is expected to come in at 0.2% month-on-month and 2.9% annually, according to economists polled by Dow Jones. The regional Stoxx index has recorded a muted February so far, following a strong end to January. This week will see reporting from several major European businesses, including Heineken, Airbus, Renault, NatWest and Commerzbank.

Persons: DAX, Dow Jones Organizations: LONDON, Japan's Nikkei, Dow Jones Industrial, Federal Reserve, Heineken, Airbus, Renault, NatWest, Commerzbank Locations: Frankfurt, Germany, U.S, London, Europe

☆ European stocks head for higher open as sentiment remains cautious
▼ + stars: | 2024-02-12 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

After a strong end to January, the pan-European Stoxx 600 index has recorded a muted February so far, dipping 0.17% to date. European markets are heading for a higher open to kick off the new trading week, as investors continue to monitor corporate earnings and the interest rate outlook. Investors may pay particular attention to consumer stocks and what they suggest about the strength of certain economies, as central banks monitor the state of growth and inflation. Many major Asia-Pacific stock markets were closed on Monday for the Lunar New Year, while Chinese markets are shut for the week. The U.S. consumer price index will be released Tuesday.

Organizations: Heineken, Airbus, Renault, Natwest, Commerzbank, Sony Locations: Asia, Pacific, U.S

☆ Brewers like Samuel Adams and AB InBev are shifting ad dollars to non-alcoholic beer as Americans cut back on drinking
▼ + stars: | 2024-02-06 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

It's shifting dollars away from its flagship brand, Boston Lager, to the non-alcoholic category, she added. Alcohol drinkers are opting for non-alcoholic beers on more occasions, such as at lunchtime or as a "chaser" between alcoholic drinks on a night out, experts said. Better margins, newer opportunitiesWhile non-alcoholic beers still only represent a small proportion of the total amount of beer sold, brewers can sell non-alcoholic beers at a higher margin, because they are often priced at a premium and avoid excise duty. The deal, announced earlier this year and which makes AB InBev a Worldwide Olympic Partner through to Los Angeles in 2028, marks the first time a beer brand has sponsored the Games. "This is an opportunity to strengthen beer as a category and as the category of moderation," said AB InBev CMO Marcel Marcondes.

Persons: —, Samuel Adams, Samuel Adams's, Samuel Adams Samuel Adams, Lauren Price, Price, It's, Sofia Colucci, Max Verstappen, Corona, Marcel Marcondes, Alan Miles Organizations: Service, Business, Boston, Molson Coors CMO, North America, Molson Coors, Miller, Team Ferrari, Red Bull, Heineken, Corona Cero, Anheuser, Busch, InBev, Games Locations: Boston, It's, American, Los Angeles

☆ Dry January is over, but are ‘sober drinks’ a healthy way to keep it going?
▼ + stars: | 2024-02-01 | by ( Amanda Musa | ) edition.cnn.com time to read: +10 min

Dry January “was the perfect eye-opener.”Now sober, Montejano has adopted several tactics to keep herself on track: talking to a therapist, journaling and drinking nonalcoholic beverages like mocktails. By comparison, a 12-ounce glass of beer contains about 5% alcohol, according to the CDC. “The nonalcoholic beverages have a lot of the cues that are associated with real alcoholic beverages,” she said. “Are you reaching those goals with nonalcoholic beverages?” she said. Ultimately, going sober can have social ramifications, so it’s important to surround yourself with people who can support you.

Persons: Corrina Montejano, Montejano, “, ”, Ginger Hultin, nonalcoholic, Hilary Sheinbaum, Molson Coors, ” Sheinbaum, Hultin, Dr, Lara Ray, Dana Ellis Hunnes, you’re, Hunnes, Ray, they’re, Sanjay Gupta, I’ve, ’ ”, “ You’ve, Journaling, ” Montejano Organizations: CNN, US Centers for Disease Control, Heineken, Molson, US Department of, Tobacco Tax, Trade Bureau, UCLA, World Health Organization, ” WHO, UCLA Medical Center, US Food and Drug Administration, mocktails, CNN Health Locations: San Francisco, Seattle

☆ Olympic sponsorship deal with beer company AB InBev criticized as ‘cynical’ and ‘an odd pairing’
▼ + stars: | 2024-01-31 | by ( George Ramsay | ) edition.cnn.com time to read: +10 min

In a room crowded with people in suits, the sponsorship deal with brewing giant AB InBev was met with beaming smiles and the clinking of beer bottles by many of those in attendance. AB InBev is the latest company to participate in The Olympic Partner (TOP) program – the highest level of Olympic sponsorship – alongside the likes of Coca-Cola, Visa and Deloitte. AB InBev said that it would not reveal the cost of its deal with the IOC. Stuart C. Wilson/Getty Images for AB InBevThe IOC and AB InBev see the deal as part of a wider market demand for non-alcoholic drinks which, despite being in circulation for decades, have had a recent surge in popularity. Some brands have found ways to navigate France’s restrictive laws when it comes to alcohol advertising.

Persons: Thomas Bach gushed, ” Bach, ”, ” Andrew Misell, Kin Cheung, Sportcal, Michel Doukeris, Thomas Bach, Stuart C, Wilson, Molson Coors, ” Marcel Marcondes, “ Corona Cero, Marcondes, Bach, Garde, ” Ian Gilmore, “ Corona, ” Alex Barker, ” Barker, Xavier Laine Organizations: CNN, Olympic Committee, InBev, IOC, Corona, Cortina, Alcohol, CNN Sport, Cola, Visa, Deloitte, Health, WHO, Centers for Disease Control, University of Liverpool, ”, Getty, AB InBev, Heineken, Molson, Games, Alcohol Health Alliance, University of Derby, rugby’s, Nations, Guinness, Stade de France, French rugby, Wales, TOP Locations: London, Corona Cero, Paris, Milan, Los Angeles, Tokyo, Corona, Garde

Indeed, studies show that drinking alcohol is less in vogue with younger millennials and Gen Z. Mounting concern around weight loss drugs GLP-1 drugs, which mimic the action of the glucagon-like peptide-1 hormone and stimulate insulin secretion after a meal, lower blood sugar and send feeling of fullness to the brain. What's more, GLP-1 drugs are an overwhelmingly American topic, with most Europeans unaware of them or unwilling to pay high prices. In total, GLP-1 users are only a very small slice of total alcohol consumers, said Spiros Malandrakis, lead alcohol industry researcher at Euromonitor International. The most vulnerable purveyors are those that are trailing the shift in consumption, notably domestic, non-premium beer brands.

Persons: Katie Pell, Pell, wasn't, millennials, Eli Lilly's Mounjaro, Goldman Sachs, Jason English, Nadine Sarwat, Bernstein, Sarwat, Spiros Malandrakis, —, BUD YTD, who'd, Mickey Velado, Brian Sudano, Nell Healy, Healy, she's, Malandrakis, Ryan Brigden, Brigden, Sudano, Joseph Gabelli, Gabelli, Z, there's, it's, Garrett Nelson, They've, seltzer, Nelson, Molson Coors, Bud, he's Organizations: Gallup, Drugs, Nordisk's Ozempic, JPMorgan, CNBC, Euromonitor, Anheuser, Busch Inbev, Beverage Marketing, Constellation, Guinness, Corona, Heineken, Athletic Brewing Company, Heineken Holding, Carlsberg, Constellation Brands, Malandrakis, Beverage, Gabelli, Diageo, Molson Coors, Busch InBev, Molson, Anheuser Busch Locations: Brooklyn, U.S, GLP, imbibing, Angeles, Colorado, Washington, California, North Carolina, San Francisco Bay, Europe, British, Brazil, India

☆ 7 weird jobs that are well-paying but nobody knows about, according to a viral Reddit thread
▼ + stars: | 2023-11-30 | by ( Aria Yang | ) www.businessinsider.com time to read: +5 min

A Reddit user asked what are weird jobs nobody knows about but pay well. AdvertisementA Reddit user asked which jobs were relatively unknown but lucrative and the post went viral. Teeth designerA Reddit user said he makes teeth on a computer using CAD/CAM software for dental laboratories. Artificial flavor makerOne Reddit user wrote, "My dad was a master flavorist. Reddit user solarblack wrote, "My Aunt and her daughter both do seasonal work as hand pollinators and harvesters.

Persons: Redditors, —, IndependenceNo2060, Loreo1964, die_lahn, solarblack Organizations: Service, Business, Heineken

☆ Autodesk's CMO explains why advertising on the MSG Sphere in Vegas, which reportedly costs $450,000 a day, was worth every penny
▼ + stars: | 2023-11-29 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

@brycebetts132 I've watched every video of the Sphere in Vegas and this new ad is by far my favorite. By comparison, running a billboard campaign in New York's Times Square for one to three days costs between $5,000 and $25,000, according to outdoor advertising company Inspiria Outdoor. A representative for the Sphere Entertainment Company said the company doesn't discuss financials. One TikTok video, which has notched up more than 14,000 likes, declared it " the best Sphere ad ." The Sphere debuted its first advertising campaign in September of this year and has featured brands including YouTube, the NBA, Heineken and Xbox.

Persons: @brycebetts132 I've, ♬, Dara Treseder, Treseder, tentacled, Ryan Reynolds, Otto Desć, Carla Herrero, Herrero Organizations: Autodesk, Marvel, Business, ♬ Marvel Studios, Sphere Entertainment, Autodesk University, YouTube, NBA, Heineken, Xbox, University College London, Mercedes, AMG PETRONAS Formula One Locations: Las Vegas, Vegas, New

☆ AI is already impacting influencer marketing, according to the CMO of Billion Dollar Boy. Here's how she thinks brands should approach the new tech.
▼ + stars: | 2023-11-21 | by ( Marta Biino | ) www.businessinsider.com time to read: +3 min

Generative AI "has an immediate business implication" for the creator economy, according to Becky Owen, the global chief marketing and innovation officer at influencer-marketing firm Billion Dollar Boy. It has a focus on generative AI, but is also experimenting with virtual and augmented reality, as well as virtual influencers. Owen joined Billion Dollar Boy in early 2023 after almost five years at Meta, where she was most recently head of creator innovations and solutions for Europe. Becky Owen is the global chief marketing and innovation officer at Billion Dollar Boy. Billion Dollar Boy has already tested pilot partnerships with three retail brands, including two luxury fashion brands that have launched their first generative-AI-led creator content on Instagram.

Persons: Becky Owen, Owen, Elmo Mistiaen, Jo Ann, Shanikwa Dvorkin, Anastasia Rogozhina Organizations: Heineken, Pepsi, Business, Billion Dollar, Meta, Brands Locations: Amazon, Europe

☆ Las Vegas GP hit with lawsuit after practice cancelled
▼ + stars: | 2023-11-18 | by ( Steve Keating | ) www.reuters.com time to read: +2 min

Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, U.S - November 18, 2023 General view of the Sphere during qualifying REUTERS/Mike Blake Acquire Licensing RightsLAS VEGAS, Nov 18 (Reuters) - The troubled Las Vegas Formula One Grand Prix has been hit with a class action lawsuit on behalf of the 35,000 people who bought tickets for Thursday’s practice session which was cancelled when Carlos Sainz's Ferrari was damaged by a loose drain cover. The highly-anticipated first action on the neon-lit circuit, which includes a section along the famed Las Vegas Strip, lasted a little over eight minutes before coming to a halt. Las Vegas Grand Prix officials attempted damage control, offering $200 merchandise vouchers to single-day ticket holders. The lawsuit named Formula One owners and race promoters Liberty Media Corporation, DBA Formula One Heineken Silver Las Vegas Grand Prix and TAB Contractors Inc as defendants. Reporting by Steve Keating in Las Vegas, Editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Blake, Carlos Sainz's Ferrari, Steve Dimopoulos, Renee Wilm, Stefano Domenicali, Steve Keating, Ed Osmond Organizations: Las Vegas, Las Vegas Strip, REUTERS, LAS VEGAS, Vegas Grand Prix, Firm, JK, Consulting, Formula, Las, Liberty Media Corporation, Heineken, Contractors Inc, Reuters, Thomson Locations: Las Vegas , Nevada, U.S, Dimopoulos, Nevada, Las Vegas

☆ Motor racing's Las Vegas Grand Prix hit with lawsuit after practice cancelled
▼ + stars: | 2023-11-18 | by ( ) www.cnbc.com time to read: +2 min

Mercedes' British driver George Russell races during the first practice session for the Las Vegas Formula One Grand Prix on November 16, 2023, in Las Vegas, Nevada. The troubled Las Vegas Formula One Grand Prix has been hit with a class action lawsuit after the race's first practice session was canceled when Carlos Sainz's Ferrari was badly damaged by a loose drain cover. The highly-anticipated first action on the neon-lit circuit, which includes a section along the famed Las Vegas Strip, lasted a little over eight minutes on Thursday before coming to a halt. Las Vegas Grand Prix officials attempted damage control, offering $200 merchandise vouchers to single-day ticket holders. The lawsuit named Formula owners and race promoters Liberty Media Corporation, DBA Formula One Heineken Silver Las Vegas Grand Prix and TAB Contractors as defendants.

Persons: Mercedes, George Russell, Carlos Sainz's Ferrari, Steve Dimopoulos, Renee Wilm, Stefano Domenicali Organizations: Las Vegas, Vegas Grand Prix, Firm, JK, Consulting, Formula, Las, Liberty Media Corporation, Heineken, TAB Contractors, Reuters Locations: British, Las Vegas , Nevada, Dimopoulos, Nevada

☆ Viva Las Vegas, Formula One betting big on Sin City race
▼ + stars: | 2023-11-15 | by ( Steve Keating | ) www.reuters.com time to read: +5 min

Wynn resort is offering the first-ever Las Vegas Grand Prix Million Dollar All-Access Experience that includes a $100,000 philanthropic gift. "However, the brand synergies with the inaugural Las Vegas Grand Prix are unmatched." Formula One has long been a magnet for the celebrity class and Las Vegas is sure to be an irresistible pull. Las Vegas may be the gambling capital of the world but there will be little bet on F1. "I would say this is due to lack of parity," Derek Stevens, owner of Circa and several other Las Vegas casinos told Reuters.

Persons: Max Verstappen, Greg Maffei, Red Bull, Aston Martin, Hilton, Red, it’s, Rebecca McAdam Willetts, Mark Wang, David Beckham, Shaquille O’Neal, Mark Wahlberg, Gordon Ramsay, Toto Wolff, Derek Stevens, Steve Keating, Toby Davis Organizations: LAS VEGAS, Las Vegas, Liberty Media, Formula One, Vegas, Ferrari, Mercedes, McLaren, Red Bull, PokerStars, Public Relations, Reuters, Poker, New York Stock Exchange, American Express, Heineken, Hilton, MGM Resorts International, Fountain Club, Hilton Grand, Club SI, Drai's Beach Club, Thomson Locations: Vegas, United States, Sin City, VVIPs, Las Vegas, Monaco, Drai's, Toronto

☆ Cramer talks about the business of formula 1 racing with Sara Eisen
▼ + stars: | 2023-11-14 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

CNBC's Jim Cramer spoke with CNBC's Sara Eisen about her upcoming documentary detailing the business of Formula 1 racing. The documentary will see Eisen exploring F1's expansion strategy, especially changes to the business since it was purchase by Liberty Media several years ago. Eisen said Liberty used new strategies to transform the enterprise from a "sleepy motor sport" into a more mainstream fast-growing sport. Eisen also examined how F1 teams have become more profitable, attracting high-profile sponsors like Salesforce , Amazon Web Services and Heineken . Some tech sponsors, like Palantir , work with teams to advance the technology and engineering behind the cars, Eisen said.

Persons: CNBC's Jim Cramer, CNBC's Sara Eisen, Eisen Organizations: Liberty Media, Liberty, Amazon Web Services, Heineken

☆ Ticket prices are plunging ahead of Formula 1’s next race set on the Las Vegas Strip
▼ + stars: | 2023-11-09 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Ticket and hotel room prices are falling sharply in Las Vegas as the gambling mecca preps to host its first Formula 1 Grand Prix race in four decades next week. Tickets were priced at roughly $2,000 a year ago for the Las Vegas race. Still, in true Las Vegas fashion, some hotels are going all-out with F1-themed weekends packages. Las Vegas is the third US city to host an F1 race, after Miami and Austin. F1 claims that the race will generate $1.3 billion, making it the “single largest special event in Las Vegas history.”

Persons: fizzle, Max Verstappen, Brett Goldberg, TickPick, ” Goldberg, Goldberg, That’s, Heineken Silver, Bud, ” Organizations: New, New York CNN, Las, CNN, Caesars, Grands Prix, MGM Resorts, Bellagio, Heineken, Netflix Locations: New York, Las Vegas, Qatar, Miami, Vegas, Austin

Some warehousing operations as well as distribution, logistics and refrigeration businesses no longer fit into Femsa's strategy and may be sold, Fonseca said. Femsa's shares have surged more than 40% this year after shedding 4.8% in 2022. Femsa, which last year acquired Swiss kiosk operator Valora for $1.15 billion, plans to concentrate on its retail, bottling and financial technology (fintech) operations. Femsa is capitalizing on the ubiquity of its Oxxo stores by promoting fintech services in them, such as digital accounts and debit cards, Fonseca said. Femsa's scale has allowed it to automate some processes, and it is looking for ways to cut energy costs, he said.

Persons: Daniel Becerril, Juan Fonseca, Fonseca, Femsa, Valentine Hilaire, Christian Plumb, Rod Nickel Organizations: Coca, Coke, REUTERS, MEXICO CITY, Heineken, Reuters, Televisa, Alfa, Thomson Locations: Coca Cola, Monterrey, Mexico, MEXICO, U.S, Jetro, Swiss

☆ Beer giant AB InBev beats forecasts, but Bud Light boycott continues to hit U.S. revenues
▼ + stars: | 2023-10-31 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Anheuser-Busch InBev, the world's biggest brewing firm, on Tuesday beat expectations for the third quarter, despite an ongoing drag from controversy surrounding its online Bud Light campaign. Revenue rose 5% over the period to $15.57 billion, ahead of a company-compiled forecast of 4.7%. However, Bud Light — which lost its spot as the top-selling U.S. beer over the summer amid a conservative-led boycott, protesting its partnership with transgender influencer Dylan Mulvaney — weighed on U.S. performance, the company said. It marks the second quarter in which the Bud Light controversy, which includes criticism of the company for failing to support Mulvaney amid the backlash, has hit U.S. sales. Analysts at RBC Europe said the company's performance stood out within a "turbulent quarter" for earnings, noting beats on organic revenue growth and EDITDA growth expectations, despite a North America sales miss.

Persons: Bud, Bud Light, influencer Dylan Mulvaney — Organizations: Anheuser, Busch InBev, Revenue, RBC Europe, North, Brewers, Carlsberg, Heineken Locations: East, Africa, Asia, Europe, Brussels, U.S, North America, Southeast Asia

☆ Beer giant Heineken posts sales hit on Russia exit, higher prices
▼ + stars: | 2023-10-25 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

In this photo illustration, bottles of Heineken beer are displayed on July 31, 2023 in San Anselmo, California. Heineken beer sales fell in the third quarter as the Dutch brewer completed the long-awaited exit of its Russia operations and consumers were put off by higher prices. Revenue was nonetheless higher in the quarter due to price hikes, up 2% to 9.604 billion euros ($10.17 billion). Net profit for the first nine months slowed from 2.199 billion euros to 1.924 billion, including the impact from Russia. Heineken said this summer it expected a 300 million euro hit, including foreign exchange losses, from the process.

Persons: Birra Moretti, Heineken Organizations: Heineken, Revenue, Arnest Group Locations: San Anselmo , California, Russia, Americas, Europe, Africa, Middle East, Eastern Europe, , Tiger, Ukraine

☆ European stocks open lower amid earnings; Deutsche Bank up 7% after beating estimates
▼ + stars: | 2023-10-25 | by ( Matt Clinch | ) www.cnbc.com time to read: 1 min

European markets opened lower Wednesday amid a slew of earnings both in the U.S. and Europe. The Stoxx 600 index slipped 0.2% with sectors mixed, as mining stocks gained 0.67% and retail stocks fell 0.7%. Deutsche Bank shares were 7% higher in early trade. Banking stocks fell Tuesday as Barclays warned of cost-cutting charges. Meanwhile, Alphabet shares tumbled as its cloud business missed analysts' estimates.

Organizations: Deutsche Bank, Banking, Barclays, AkzoNobel, Lloyds Banking Group, Carrefour, U.S, Microsoft Locations: U.S, Europe, Heineken

☆ Nestle, Volvo among 130 companies urging COP28 agreement to ditch fossil fuels
▼ + stars: | 2023-10-23 | by ( Tommy Wilkes | ) www.reuters.com time to read: +2 min

LONDON, Oct 23 (Reuters) - Companies including Nestle (NESN.S), Unilever (ULVR.L), Mahindra Group and Volvo Cars are urging political leaders to agree a timeline at the upcoming U.N. climate summit to phase out fossil fuels. "Our businesses are feeling the impacts and cost of increasing extreme weather events resulting from climate change," the companies wrote in the letter, which was coordinated by the non-profit We Mean Business Coalition, which is pushing for greater climate action globally. "To decarbonise the global energy system, we need to ramp up clean energy as fast as we phase out the use and production of fossil fuels," they wrote. The speed at which countries should phase out fossil fuels will be one of the thorniest issues. Reporting by Tommy Reggiori Wilkes; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: COP28, Tommy Reggiori Wilkes, Emelia Sithole Organizations: Companies, Nestle, Unilever, Mahindra Group, Volvo, Business Coalition, Bayer, Heineken, IKEA, Thomson Locations: Dubai, Paris, Europe

☆ Sports programming still dominates TV, and Netflix is leaning more into it
▼ + stars: | 2023-10-18 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Whether it's streaming or traditional TV, sports keep audiences coming back to their screens — and Netflix is working on getting more into the game. Netflix announced it would broadcast "The Netflix Cup" live, a matchup between athletes that appeared in the Formula 1 docuseries and the golf series "Full Swing." Even though customers are fleeing traditional TV, from the cable-TV bundle to broadcast, those that stick around often do so for the live sports. That showed in September, when the return of the National Football League and college football seasons propelled both broadcast and cable-TV viewership. It has been a gradual move toward both sports and live streaming — Netflix had technical issues when it aired the finale of reality show "Love is Blind" earlier this year — but one the streamer appears ready to make.

Persons: Max, NBCUniversal's Peacock Organizations: Netflix, Sports, Heineken Silver Las Vegas, National Football League, Nielsen, ESPN, Warner Bros, Disney, NFL, NBC, CNBC Locations: Las Vegas

Search resuls for: "Heineken"

25 mentions found