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PepsiCo agrees to waive bottling clause as Carlsberg pursues Britvic
Carlsberg confirmed on Monday that PepsiCo has agreed to waive the change of control clause in the bottling arrangements it has with Britvic, removing a potential challenge for the Danish brewer looking to buy the UK drinks company.
Supreme buys Clearly Drinks for £15m
Supreme said on Monday that it has bought Clearly Drinks, a UK manufacturer of specialised canned and bottled-at-source spring water and soft drinks, for £15m.
Prudential unveils $2bn share buyback
Prudential on Monday said it would return $2bn to investors via a share buyback to be completed by mid-2026.
London pre-open: Stocks seen lower after Nvidia selloff
London stocks were set to fall at the open on Monday following a selloff in Nvidia shares in the US on Friday.
SIG delivers profit warning as macro conditions hit demand
Insulation and building products group SIG has delivered a profit warning after a challenging first half, as ongoing softness in the building and construction sector across Europe resulted in subdued demand.
Prudential to return $2bn to shareholders, SIG warns on profits
London open The FTSE 100 is expected to open 10 points lower on Monday, having closed down 0. 42% on Friday at 8,237. 72.
Monday newspaper round-up: John Lewis, heat pumps, THG
The outgoing chair of John Lewis has insisted that the retail group is “back on track” and “more fit for the future” with an improving financial position enabling it to spend money refurbishing Waitrose supermarkets and opening convenience stores. Sharon White, who will retire as chair of the John Lewis Partnership in September, said the upmarket Waitrose brand was “underrepresented in convenience” as it sought new avenues of growth. – Guardian.
First time mortgage payments up 61% since last election - Rightmove
First-time buyers have seen mortgage payments soar by nearly two thirds since the last general election, industry research showed on Monday.