VEVEY (Reuters) -Nestle will boost advertising and marketing, trim costs, carve out its water and premium drinks businesses into a standalone global unit, and implement other changes to drive growth under new chief Laurent Freixe, the company said on Tuesday. The Swiss food giant aims to achieve cost savings of at least 2.5 billion Swiss francs ($2.83 billion) by 2027, in addition to ongoing savings of around 1.2 billion Swiss
Almost £1bn in funding will go to delivering London-style buses nationwide as part of a massive Budget boost, the government has promised. The Department for Transport (DfT) has given more details on its plans for 2025 after announcing the funding last month. It has promised to deliver what it calls “London-style” services to every corner of the country, and said funding would be allocated based on levels of deprivation and
Chancellor Rachel Reeves is planning what she calls the “biggest pension reform in decades” in an attempt to boost economic growth. The government wants to merge the UK’s 86 council pension schemes into a handful of “pension megafunds”. It is hoped the changes will lead to billions of pounds being invested in the UK in areas such as energy infrastructure, tech start-ups and public services. Reeves told the BBC that
After a big fall, Icahn Enterprises is still using spicy math for sausage-casing maker. Source link
