Robert is Assistant Editor of Reuters Breakingviews, based in London. He has a special focus on investment, writing about it on a global basis. Robert worked for The Times, in London, in a variety of writing and editing capacities from 1998 to 2010. For nearly 10 years he edited the newspaper’s daily Tempus investment column. He was also deputy business editor, acting business editor, a leader writer, the chief obituaries writer and a news editor in the home affairs department. Prior to joining The Times, Robert worked on The Independent and the London Evening Standard. His most recent book is called The Unwritten Laws of Finance and Investment (Profile, 2010). As a part-time lecturer, Robert led the financial journalism specialism at The City University in London in 10 academic years between 1995 and 2007. Follow Robert on Twitter @RobertCole7
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The Budweiser brewer seems to pump as much cash as beer out of the business. Latest results suggest its key markets may be improving too. Its well-oiled M&A machinery may flatter the underlying long-term reality. But it is hard to see why investors’ taste for the stock will wane.
Britain’s biggest grocer has buried its old profit-margin ambitions. Though it will cut capex, Tesco now promises to “sharpen” prices. Scale and operational efficiency might see it maintain profitability advantages over peers. The risk is that the price war now gets bloody.
Pressure is building on the world’s biggest food company. Nestle is well-run and financially strong. But annual results show sustaining growth is hard, especially in developed markets. Buying L’Oreal out of a skincare JV shows Nestle is willing to go on the offensive.
- Diageo’s sober ambitions are yet to find favour
- Canadian bid does F&C shareholders a favour
- Pearson’s small warning exposes bigger fears
- Unilever washes off emerging-market uncertainties
- Diageo counterbid for Beam would be strong stuff
- UK grocers’ woes raise threat of all-out price war
- Flat sales at Sainsbury set high bar for Tesco