About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Elon Musk reacted angrily to a Delaware judge’s ruling that his pay award at electric car maker Tesla was unlawful. In a judgement on Tesla’s chief executive’s package of pay and share incentives, Judge Kathaleen McCormick ruled the US$56 billion package “unfathomable.” McCormick wrote: “The incredible size of the biggest compensation plan ever - an unfathomable sum - seems to have been calibrated to help Musk achieve what he believed would make ‘a good future for humanity’.” The judgement sparked an immedi ...

Mondelez reported a rise in sales in the final quarter but cautioned consumers are starting to rein back spending after hefty price hikes. Profit margins have been rising steadily through 2023 at the Toblerone and Cadbury group helped by higher prices. Volumes though are starting to reflect those rises, said analysts with North American volumes down 5.5 percentage points in the fourth quarter owing to weaker biscuit sales and stock rotation. Product prices in the region rose 7.4 points, helping organic sale ...

Core Insights - Mondelez reported a rise in sales in the final quarter but indicated that consumers are beginning to reduce spending due to significant price increases [1] - Profit margins have been steadily increasing throughout 2023, driven by higher prices for products like Toblerone and Ritz Crackers [1] - The company anticipates customer disruption in Europe during the first quarter and potentially into the second quarter due to ongoing high inflation [1] Financial Performance - Revenues in the fourth quarter increased by 7.1% to US$9.8 billion, while annual revenues rose by 14.4% to US$36 billion [2] - Net earnings for the year increased by 13.1% to US$4.37 billion on an adjusted basis [2] - European revenues rose by 11.6% in the final three months, with volume growth contributing 3.3 percentage points and price increases contributing 8.3 percentage points [1] Regional Insights - In North America, Mondelez experienced a decline in volumes by 5.5 percentage points in the fourth quarter, attributed to weaker biscuit sales and inventory control, while prices rose by 7.4 percentage points [1] - The company noted balanced growth across developed and emerging markets, with strong performance in all regions [2]

Sky announced its decision to eliminate around 1,000 jobs across its UK operation on Tuesday evening. Job cuts are expected to primarily impact the engineering teams responsible for installing satellite dishes, reports revealed. It’s part of a strategic pivot towards digital streaming services, a transition accelerated by the growing consumer preference for platforms like Sky Glass and Sky Stream. These platforms highlight a shift away from the satellite dishes which originally made Sky a household name. Th ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...