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☆ Qantas shareholders take cautiously to the skies
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +2 min

MELBOURNE, Oct 13 (Reuters Breakingviews) - Shareholders have become accustomed to bad news from airlines. So it’s only fitting that Qantas Airways’ (QAN.AX)prediction on Thursday of bumper earnings prompted a somewhat muted response. The $6 billion Australian carrier reckons its underlying pretax profit for the six months to the end of December will be between A$1.2 billion and A$1.3 billion ($753 million and $815 million). But it implies investors are factoring in just A$130 million of additional earnings on an annual basis, after applying the stock’s almost 10 times forward earnings multiple and assuming a constant tax rate. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Australia's Qantas forecasts return to first-half profit as conditions improve
▼ + stars: | 2022-10-12 | by ( Jamie Freed | ) www.reuters.com time to read: +3 min

The airline said on Thursday it expected to swing to a first-half underlying profit of between A$1.2 billion ($753.12 million) and A$1.3 billion, up from a similar-sized loss the prior year. Register now for FREE unlimited access to Reuters.com Register"We now expect it to be a very strong profit," Qantas Chief Executive Alan Joyce told reporters of the first half. He declined to provide an outlook for the second half beyond noting that international ticket prices were expected to moderate as Qantas and rivals added capacity. Joyce said inflation and interest rate increases had not yet dented travel demand and higher fares were allowing it to recover the increased cost of fuel. Qantas, like domestic rival Virgin Australia and many other airlines globally, suffered from a rise in delays, cancellations, lost baggage and staffing issues this year as travel demand rebounded.

☆ Inflation has yet to peak, CFOs say, and recession is already here or soon to hit
▼ + stars: | 2022-09-29 | by ( Ian Thomas | ) www.cnbc.com time to read: +4 min

The CNBC CFO Council survey is a sample of the current outlook among top financial officers. More than a quarter of the CFOs say inflation is the biggest external risk factor facing their businesses. With persistent inflation, CFOs have shifted their view regarding the timing of a recession as a result of the Fed's rate hikes. Nineteen percent of CFOs now say they expect a recession in the fourth quarter of this year, up from 13% in Q2. The CNBC survey finds companies still in hiring mode, with 57% of CFOs saying they expect to add to headcount in the next year.

☆ Unilever is losing its CEO Alan Jope as the company finds itself at an inflection point. Insiders have questioned the massive reorganization and the entrenched 'too nice' culture he presided over.
▼ + stars: | 2022-09-28 | by ( Alex Bitter | Ellen Thomas | ) www.businessinsider.com time to read: +9 min

Editor's note: On Sunday, Unilever said that CEO Alan Jope will retire at the end of 2023. It looks at some of the challenges that Jope and Unilever faced in streamlining its structure through the reorganization, including a culture that is 'too nice' at times. Two of the five divisions remain focused on food products, an area that CEO Jope said Unilever considered spinning off. One former Unilever executive pointed to Fernando Fernandez, who will assume the top job at the company's new beauty and wellbeing division. Fernandez has been Unilever's executive vice president for Latin America since 2019 and held other jobs with the company in the region before that.

☆ Unilever CEO to Retire Next Year After Rocky Tenure
▼ + stars: | 2022-09-26 | by ( Peter Stiff | ) www.wsj.com time to read: 1 min

LONDON— Unilever PLC said Chief Executive Officer Alan Jope plans to retire at the end of next year, signaling an end to what has been a challenging tenure at the helm of the maker of Dove soap and Ben & Jerry’s ice cream. The London-based consumer-goods giant said Monday that it would conduct a formal search for a successor and consider both internal and external candidates.

Unilever logo is displayed on Dove soap boxes in this illustration taken on January 17, 2022. Unilever's search begins at a time of soaring food and energy prices which are hitting household budgets and hurting consumer confidence. The move was met with disapproval from shareholders, some of whom also criticised Unilever for prioritising sustainability over core growth. "This may signal more welcome future change at Unilever," Tineke Frikee, fund manager at Unilever investor Waverton Asset Management, said. A Unilever spokesperson said the company is "fully committed to the organisational changes" and that Jope is "completely committed to delivering against that strategy."

☆ Unilever CEO Alan Jope to retire at end of 2023
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterUnilever logo is displayed on Dove soap boxes in this illustration taken on January 17, 2022. REUTERS/Dado Ruvic/IllustrationSept 26 (Reuters) - Unilever (ULVR.L) CEO Alan Jope plans to retire at the end of 2023, the maker of Dove soap and Knorr stock cubes said on Monday, roughly two months after activist investor Nelson Peltz joined the board. The British consumer goods maker said its board would start a formal search for his successor, considering both internal and external candidates. Register now for FREE unlimited access to Reuters.com RegisterThe move was met with disapproval from shareholders, some of whom also criticised Unilever for prioritising sustainability over core growth. ($1 = 0.9410 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by Yadarisa Shabong in Bengaluru and Richa Naidu in London; Editing by Saumyadeb Chakrabarty and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ FTSE 100 gains as weak pound lifts export-heavy consumer staples
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterThe London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/SummarySummary Companies FTSE 100 up 0.5%, FTSE 250 off 0.7%Sept 26 (Reuters) - London's FTSE 100 index rose on Monday, led by shares of dollar-earning consumer staple companies after sterling tumbled to record low on worries the new government's economic plan will stretch Britain's finances to the limit. The export-oriented FTSE 100 (.FTSE) gained 0.5%, while the more domestically oriented FTSE 250 (.FTMC) declined 0.7%. Consumer staples like Unilever (ULVR.L) and British American Tobacco (BATS.L) added 3.5% and 1.1%, respectively. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Johann M Cherian in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

Jars of Nescafe Gold coffee by Nestle are pictured in the supermarket of Nestle headquarters in Vevey, Switzerland, February 13, 2020. Russia's invasion of Ukraine has propelled energy and grain prices to all-time highs, driving up the cost of packaged goods. That has been felt particularly acutely in parts of Asia and North Africa, where people spend a higher proportion of income on food and fuel than in the United States and Europe, prompting some shoppers to stockpile non-perishable items. "Nestle is seeing hoarding with bouillon, to an extent soups, coffee for sure," Al Bitar told Reuters. Several countries in North Africa and Central Asia are suffering recurring shortages of basic necessities.

☆ Qantas passengers may not be given a vegetarian meal option on some domestic flights
▼ + stars: | 2022-09-20 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Qantas said menu changes mean vegetarian meals may not be available for passengers on some flights. One passenger said he had been able to get vegetarian meals on Qantas flights since the 1990s. The Qantas representative added that customers could still book special meals, including vegetarian and vegan food, on longer flights. One frequent Qantas flier told The Guardian he had been able to get vegetarian options on flights in Australia since the 1990s. The passenger, John Dee, accused Qantas chief executive, Alan Joyce, of alienating a "significant percentage of Qantas passengers" as around 10% of Australians had adopted a plant-based diet.

☆ Directorul unei mari companii nu crede că angajatii vor reveni full-time la birou după pandemie: „Pare un aspect învechit”
▼ + stars: | 2021-01-17 | by ( ) www.jurnal.md time to read: +1 min

Directorul unei mari companii nu crede că angajatii vor reveni full-time la birou după pandemie: „Pare un aspect învechit”Şeful gigantului anglo-olandez Unilever, Alan Jope, a declarat că angajaţii companiei nu vor mai lucra niciodată cinci zile pe săptămână în cadrul birourilor, afirmând că pandemia de COVID-19 va transforma radical modul în care muncim. „Nu cred că ne vom întoarce vreodată la modelul de cinci zile de muncă de birou pe săptămână. Pare un aspect deja învechit”, spune Alan Jope. Unilever anunţa, la sfârşitul anului trecut, că toţi angajaţii din Noua Zeelandă vor lucra patru zile pe săptămână pentru o perioadă de 12 luni. Unilever, a treia cea mai valoroasă companie din cadrul Bursei din Londra, fiind producătorului unor branduri precum Dove, Lipton, Persil şi Knorr, are aproximativ 150.000 la nivel global.

Persons: olandez, Alan Jope, îşi, Lipton Organizations: olandez Unilever, Unilever Locations: Europa de Vest, America de Nord, Noua Zeelandă, Londra, Dove

Șeful transportatorului aerian, Alan Joyce, a declarat că aceasta va fi „o necesitate" atunci când vor fi disponibile vaccinuri, scrie digi24.ro. Australia și-a închis frontierele la începutul pandemiei și le-a cerut celor care se întorc în țară să intre în carantină. Mai recent, țara s-a bazat pe blocaje, testări pe scară largă și depistarea rapidă contactelor pentru a împinge infecțiile zilnice la un nivel apropiat de zero. Într-un interviu acordat luni rețelei australiene Nine, Joyce a spus că Qantas se uită la modalități de a-și schimba termenii și condițiile pentru pasagerii internaționali, deoarece industria, care a fost puternic afectată de restricțiile de călătorie, analizează modalitățile de a merge mai departe. „Vom solicita oamenilor să se vaccineze înainte de a putea urca în aeronavă ... pentru pasagerii internaționali care ies și pentru oamenii care părăsesc țara credem că este o necesitate", a declarat el.

Persons: Alan Joyce, Joyce Locations: Australia

☆ Vaccinarea împotriva COVID-19 va fi probabil o condiţie pentru a intra pe teritoriul Australiei
▼ + stars: | 2020-11-24 | by ( ) www.jurnal.md time to read: +3 min

Oficialul a lăsat însă să se înţeleagă faptul că cerinţa pentru intrarea pe teritoriul ţării ar putea fi ori o carantină strictă de două săptămâni, ori vaccinarea. La rândul său, directorul companiei aeriene australiene Qantas a indicat că aceasta va impune vaccinarea prealabilă a pasagerilor care efectuează zboruri internaţionale. Această politică de izolare pare să fi dat roade deoarece Australia a înregistrat de la începutul pandemiei doar 907 de decese la puţin peste 27.800 de cazuri de infectare. Într-un moment în care dezvoltarea vaccinurilor pare să se accelereze, Hunt a sugerat că australienii ar putea începe să se vaccineze din martie. Afectată sever de reducerea bruscă a traficului aerian din cauza epidemiei, ca orice altă companie aeriană din lume, Qantas a disponibilizat 8.500 de angajaţi şi a ţinut la sol peste 200 de avioane.

Persons: Greg Hunt . Oficialul, Alan Joyce, Hunt, Qantas Organizations: australiene Qantas, Channel Nine, Air, Japan Airlines, Virgin Locations: Australia, străinătate, Virgin Australia, LATAM

☆ Jimmy Buffett Does Not Live the Jimmy Buffett Lifestyle
▼ + stars: | 2018-02-08 | by ( Taffy Brodesser-Akner | ) www.nytimes.com time to read: +3 min

Onstage, Mr. Springsteen, whose working class anthems made him rich, revealed that he’d never been inside a factory. It’s an easy thing to admit to people who paid up to $850 for a seat. Mr. Buffett may no longer be Jimmy Buffett, but at one time he was. Has any pop star identified this particular strain of existential crisis better than Mr. Buffett? Mr. Buffett may be rich, but he wasn’t always.

Persons: ‘ You’ve, ” Mr, Buffett, “, ”, “ They’ve, Springsteen, he’d, They’d, Jimmy Buffett, Alan Jackson, you’ll, can’t, “ I’m, Mr, wasn’t Organizations: Broadway Locations: Paradise

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