TheBuzz24

EasyJet noted it took on roughly $34 million in additional fuel costs due to the U.S-Iran war. The budget carrier mentioned the Middle East conflict is weighing on customer bookings. It hedged 70% of its summer fuel with prices locked in at $706 per metric ton of jet fuel. EasyJet’s stock fell on Thursday after […]

Kering CEO Luca de Meo stated an ambitious strategy to get the enterprise back on a growth track after a year-long slump. “In a nutshell, a model that worked for a decade, is no longer effective for us,” he commented during the company’s Capital Markets Day in Florence. The enterprise is aiming to more than […]

Mark Mobius, widely credited as a pioneer in emerging markets investing, died on Wednesday at the age of 89, according to a statement on ⁠his LinkedIn page. Known as the “Indiana Jones of emerging markets” for his willingness to unlock recent, sometimes hazardous jurisdictions, Mobius ​relished the challenge. “Volatility,” he ​wrote in “Passport to Profits,” […]

PepsiCo’s quarterly earnings and revenue topped Wall Street’s expectations. The company’s struggling North American food business reported a return to volume growth following price cuts on brands like Doritos and Lay’s. Pepsi reiterated its full-year forecast, but commented the global economy has become more “volatile and uncertain” due to the war in the Middle East. […]