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Heineken warns of value brand switch amid Nigeria downturn

2016-08-02 18:47:00| Daily beverage news and comment - from just-drinks.com

Heineken has said consumers are "still drinking beer" in Nigeria but warned that many are trading down as the country recovers from a major currency devaluation.

Tags: brand switch nigeria amid

 

Ford profits fall as it warns on US economic risks

2016-07-28 17:35:56| BBC News | Business | UK Edition

Carmaker giant Ford has reported weaker-than-expected second quarter profits, in the face of stagnant US sales and a tougher market in China.

Tags: us fall economic ford

 
 

Air France warns on 'special concern about France as a destination'

2016-07-27 08:43:01| BBC News | Business | UK Edition

Air France-KLM warns there is "special concern about France as a destination" as recent terror attacks weighed on sales in the second quarter of the year.

Tags: special france air destination

 

Twitter warns for slowdown in ad revenue

2016-07-26 23:01:00| Telecompaper Headlines

(Telecompaper) Twitter reported second-quarter revenues up 20 percent year-on-year to USD 602 million, while its net loss narrowed to USD 107 million from USD 137 million a year ago. Adjusted EBITDA increased 45 percent to USD 175 million, better than the company's outlook. Average monthly active users rose 3 percent year-over-year to 313 million and were up from 310 million in the previous quarter. Around 82 percent of the users accessed the service from a mobile device. Twitter said advertising revenue rose 18 percent in the quarter but it was seeing a continued trend of less advertiser demand and growing competition from other social networks for ad dollars. The weaker market outlook is reflected in the company's outlook for a dip in sales in Q3 to USD 590-610 million, while adjusted EBITDA is estimated at USD 135-150 million.

Tags: revenue warns twitter slowdown

 

Natwest warns it may charge businesses to hold deposits

2016-07-26 00:32:33| BBC News | Business | UK Edition

Natwest has become the first UK bank to warn it may have to charge to accept deposits due to low interest rates.

Tags: hold charge businesses deposits

 

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