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World Equity NewsEquities Org UKMortgages, insurance, and loans for the self-employed and students Equities Org equities news has moved! How to quickly sell your house London equity markets make small gains Eurofirst highest since May 2002 Eurofirst makes small gains as Xetra Dax down Eurofirst slightly higher as elections approach London strong on double witching hour NYSE sees little movement on investor caution European equities investors worried by elections NYSE equities down on economic data Nikkei down on post-election profit-taking Nikkei down on post-election profit-taking Economic concerns hit Eurofirst and Xetra Dax Japanese elections boost Tokyo indices Xetra Dax sees fall in Allianz Utilities focus on FTSE Dow Jones sees little movement Analysts suggest Katrina will stimulate economy Investors settled by Japanese polls Banking and utilities see gains on Eurofirst FTSE makes small gains on mergers Investors consider construction boom after hurricane Investors wait in Sunday's election Eurofirst drops from 38-month highs UK Equities down despite monetary policy decision London FTSE makes only small gains Investors consider Katrina economy impact FTSE gains to three-year high |
29/09/05PepsiCo announces higher earnings but profits fallPepsiCo announced on Thursday that while third-quarter net profits fell by 37 percent due to taxes, earnings were up by a higher-than-expected 17 percent when one-time charges were excluded. This led the beverages and snack foods company to raise its outlook on full-year earnings. The growth was driven by strong international sales and domestic demand that was increased by an exceptionally hot summer in the US. Growing especially were PepsiCo’s no carbonated brands, such as Aquafina bottled water and Gatorade sports drinks. International sales were up 17 percent, with strongest growth in India, Turkey, Russia, China, Argentina, and the Middle East. The company’s biggest international markets, Mexico and the UK, were up from the previous quarter but sales there were still slow. Beverage volumes were up globally by 10 percent, while snack food volumes grew by 4.5 percent. In North America, total beverage volume grew by 8 percent, a record, with slow carbonated drink sales compensated for by 24 percent growth in non-carbonated brands. Total revenues were up 13 percent to $8.18 billion, compared to $7.26 billion last year at the same time. |
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