PepsiCo has today (9 October) emphasised its “portfolio reshaping” efforts for a sequential acceleration in its third-quarter reported growth and a turnaround from the decline in the same period last year. Alongside the results, chairman and CEO Ramon Laguarta welcomed a new CFO in the form of Walmart executive Steve Schmitt, who he said will “play a crucial role as we accelerate growth”. Schmitt is set to join the US-based food and drinks giant on 10 November to replace the retiring Jamie Caulfield, a 3 ...

Carlsberg is adding a new soft drinks canning line at its Rugby factory in the UK to “significantly increase” production capacity at the site. According to the Danish brewing giant, the new £20m ($40.1m) canning line will create over 30 new jobs. Carlsberg's Rugby facility will now have ten canning lines and will be able to go from producing 560,000 canned soft drinks an hour to 610,000 for the UK market. The investment will also enable the location to produce brands such as Tango and Pepsi Max. The in ...

Carlsberg Group (OTCPK:CABG.Y) 2025 Capital Markets Day October 01, 2025 08:00 AM ET Company ParticipantsJacob Aarup-Andersen - CEOAnders Røed - EVP CommercialPaul Chabran - Managing Director of UKNilesh Patel - Managing Director of IndiaEsther Choi - Chief Digital and Technology OfficerUlrike Fearn - CFONikos Zois - EVP and CEE of IndiaSøren Brinck - EVP of Western EuropeCK Lee - PresidentJoão Abecasis - EVP of AsiaConference Call ParticipantsOlivia Chevin-Auld - Finance AnalystSarah Simon - AnalystRichard ...

Elliott Investment Management says it manages funds that together hold an investment of $4 billion in PepsiCo. The investor calls the Pepsi Max and Lay’s owner “one of the world's great consumer franchises” but it wants to see significant change.The companies at which Elliott Investment Management has pushed for change include BP (which said it would scale back investment in renewable energy and up spending on oil and gas in the wake of the investor joining its share roster), US manufacturing and tech group ...