By Reuters Staff
2 Min Read
FILE PHOTO: The logo of America Movill is seen on a wall at the company s corporate offices in Mexico City, Mexico March 14, 2018. REUTERS/Carlos Jasso
MEXICO CITY (Reuters) - Mexican telecoms company America Movil expects to spend $8 billion in capital expenditures in 2021, company executives said on Wednesday.
The planned investment will include the purchase of 5G frequencies, Chief Financial Officer Carlos Garcia Moreno told analysts on a conference call following the company’s fourth-quarter earnings.
“For this year, we are around $8 billion, including what we are going to buy on frequencies for 5G,” Garcia Moreno said.
3 Min Read
BRUSSELS (Reuters) - Heineken NV plans to cut about 8,000 jobs, the Dutch beer group said on Wednesday, seeking to restore operating margins to pre-pandemic levels after a sharp decline in profit because of coronavirus restrictions.
FILE PHOTO: Heineken beer bottles are seen at a bar in Monterrey, Mexico June 20, 2017. REUTERS/Daniel Becerril
The world’s second-largest brewer, which makes Europe’s top selling lager Heineken as well as Tiger and Sol, said it would save 2 billion euros ($2.4 billion) over the three years to 2023 under CEO Dolf van den Brink’s “EverGreen” plan.
Savings will be achieved by redesigning its organisation, reducing the complexity and number of its products and identifying its least effective spending, Heineken said.
Coca-Cola Co on Wednesday forecast a return to organic revenue growth this year after a torrid 2020, betting vaccine rollouts across the world will encourage consumers to return to cinemas and sporting events that drive a chunk of its sales.
Coca-Cola Co on Wednesday forecast a return to organic revenue growth this year after a torrid 2020, betting vaccine rollouts across the world will encourage consumers to return to cinemas and sporting events that drive a chunk of its sales.
By Reuters Staff
3 Min Read
SHANGHAI, Feb 10 (Reuters) - Kweichow Moutai Co shares hit record levels on Wednesday after the Chinese liquor maker scrapped plans to donate $127 million to fund public projects in response to investors’ objections.
Moutai’s shares jumped nearly 6% to a record 2,601 yuan ($403.95) on Wednesday, cementing Moutai’s position as the biggest listed company in China, and the world’s top liquor brand by market cap.
The rally was also fuelled by the company’s newly-released promotional video featuring a rap song entitled “Oh It’s Moutai”, which went viral on social media.
Investors cheered after Moutai backed away from a plan to donate 820 million yuan ($127.32 million) to fund public projects including a highway and a city sewage system, which had been announced in October.