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Top related persons:
Denis Balibouse - 2 Edwina Gibbs - 2 Stefen Bompais - 1 Alexandre Bompard - 1 Bruno Le Maire - 1 Le Maire - 1 Nestlé - 1 “ - 1
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Swiss Zurich Switzerland France Carrefour Switzerland ZURICH UBS's OUTFLOWS
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Credit Suisse - 2 UBS - 2 REUTERS - 2 Thomson - 2 Carrefour - 1 Lipton - 1 PepsiCo - 1 Unilever - 1

Search resuls for: "Groupwide"


3 mentions found


☆ Carrefour uses 'shrinkflation' stickers to pressure PepsiCo, Nestlé and Unilever
  + stars: | 2023-09-15 | by ( ) edition.cnn.com   time to read: +3 min
French supermarket chain Carrefour has slapped price warnings on products ranging from Lindt chocolates to Lipton Ice Tea to pressure suppliers such as Nestlé, PepsiCo and Unilever to cut their prices. Carrefour is putting stickers on products that have shrunk in size but cost more even though raw materials prices have eased. After a new round of meetings last month, Le Maire said Unilever (UL), Nestlé and PepsiCo (PEP) were among companies not toeing the line on prices. Consumer groups say “shrinkflation” is a widespread practice, which supermarkets like Carrefour are also guilty of in their private label products. The shrinkflation warnings are in all French Carrefour stores, and will last until the targeted suppliers agree to price cuts, Bompais said.
Persons: Stefen Bompais, Alexandre Bompard, Bruno Le Maire, Le Maire, Nestlé, “, Bompais, — Organizations: Carrefour, Lipton, PepsiCo, Unilever, UL, Nestlé, Reuters Locations: France, Swiss, Carrefour
☆ UBS to cut 3000 Swiss jobs as it slashes costs by $10 bln
  + stars: | 2023-08-31 | by ( Noele Illien | ) www.reuters.com   time to read: +3 min
Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. UBS also announced it would be keeping Credit Suisse's domestic bank - and the ensuing job losses are expected to result in a backlash in Switzerland. Hanging on to existing Credit Suisse clients is seen as key if UBS is to successfully pull off the Herculean deal. Groupwide UBS results include just one month of Credit Suisse earnings as the deal only closed in June. The bumper profit is due to a huge one-off gain that reflects how the acquisition costs were far below Credit Suisse's value.
Persons: Denis Balibouse, Ermotti, Sergio Ermotti, Noele Illien, John O'Donnell, Edwina Gibbs Organizations: Credit Suisse, UBS, REUTERS, Suisse, Thomson Locations: Zurich Switzerland, Switzerland, ZURICH, Swiss
☆ Factbox: Key figures for UBS, including Credit Suisse
  + stars: | 2023-08-31 | by ( ) www.reuters.com   time to read: +1 min
Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. Groupwide UBS results include just one month of Credit Suisse earnings as the deal only closed in June. OUTFLOWSCredit Suisse reported net asset outflows of 39.2 billion Swiss francs ($44.6 billion) in the quarter. ASSETSInvested assets for the combined group were $5.53 trillion, while Credit Suisse managed assets of 1.213 trillion Swiss francs. Credit Suisse reported a net loss of 9.3 billion Swiss francs.
Persons: Denis Balibouse, Groupwide, Brenna Hughes, Edwina Gibbs Organizations: Credit Suisse, UBS, REUTERS, OUTFLOWS Credit Suisse, UBS headcount, NET, Thomson Locations: Zurich Switzerland, UBS's, OUTFLOWS
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