Published on January 22, 2025, 04:00 AM UTC
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Warren Buffett's Berkshire Hathaway owns 5.6 million shares of Constellation Brands, making it the sixth-largest shareholder. The investment is a vote of confidence for the alcohol producer, which has seen its shares decline 23% year to date. Despite near-term challenges, analysts see value in Constellation Brands due to its strong cash flow, undervalued stock price, and growth potential in the beer industry.
Published on: February 19, 2025, 02:02 PM UTC
Italian family behind Petersham Nurseries blame Brexit, Covid and Budget as Covent Garden restaurants close after six years
Published on: February 19, 2025, 11:03 AM UTC
Kentucky Fried Chicken is moving its headquarters from Louisville to Plano, Texas, and Irvine, California, as part of a broader plan to designate two brand headquarters in the U.S.
Published on: February 18, 2025, 10:08 PM UTC
The surging US dollar impacts corporate earnings, with tech giants and consumer brands facing foreign exchange headwinds. Apple, Alphabet, Microsoft, Tesla, and Meta report significant overseas revenue, resulting in warnings about dollar strength. Amazon predicts slow revenue growth due to foreign exchange headwinds, while McDonald's, Coca-Cola, and Johnson & Johnson forecast currency headwinds.
Published on: February 17, 2025, 12:02 PM UTC
Walker & Dunlop reports $44.8 million profit in Q4, with EPS of $1.32 and revenue of $341.5 million. For the year, profit reached $108.2 million, EPS of $3.19, and revenue of $1.13 billion.
Published on: February 13, 2025, 12:07 PM UTC