Monday, September 7, 2020

Daily Investor Update: AB InBev starts search for long-time CEO Brito's successor: FT

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AB InBev starts search for long-time CEO Brito's successor: FT

Budweiser beer maker Anheuser-Busch InBev has started searching for a replacement for its long-serving chief executive Carlos Brito, the Financial Times reported https://www.ft.com/content/101049df-27ee-4362-973e-b763a05dd7b6 on Monday.

Delivery Hero issues new shares from authorised capital

Delivery Hero SE on Monday said it will issue new shares under exclusion of shareholders' subscription rights withregard to the existing stock option program for current and former employees, directors and its subsidiaries. The company said it will sell 106,026 new ordinary registered shares, representing approximately 0.05% of Delivery Hero's registered share capital.

Bosnian Tesla fan impatient for Cybertruck release builds a lookalike

A Bosnian fan of both Ford trucks and Elon Musk's Tesla could not just sit on his hands waiting for the electric carmaker to release its Cybertruck, expected from late 2021. Instead he came up with his own version of the futuristic vehicle.

Boeing's production issues may prompt FAA review of hundreds of Dreamliner jets: WSJ

The U.S. Federal Aviation Administration (FAA) is considering inspections that could cover hundreds of Boeing Co's 787 Dreamliners after production issues at one plant, the Wall Street Journal reported, citing an internal government memo and people familiar with the matter.

VW not seeking a deal with Tesla, CEO Diess says

Volkswagen's Chief Executive Herbert Diess on Monday sought to quell speculation that the world's largest carmaker, which is on a mass production push for electric cars, has plans to develop deeper ties with start-up rival Tesla.

No Nord Stream 2? No problem for Germany, economists say

Abandoning the nearly complete Nord Stream 2 gas pipeline from Russia to Germany could create a legal mess and nudge up energy costs for European households but Germany would cope with any disruption to supplies, economists say.

With big tech on holiday, world shares inch higher

World shares rose slightly led by Europe on Monday after last week's rout in U.S. tech stocks, though investors worried that any rally could be short-lived and valuations remained high against the backdrop of a global economy in recession.

Oil falls after Saudi cuts prices, China slows imports

Oil prices fell on Monday after Saudi Arabia made its deepest monthly price cuts to supply for Asia in five months and as uncertainty over Chinese demand clouds the market's recovery.

Nestle on track to meet sustainable packaging goal

Nestle has increased the share of recyclable or reusable packaging for its products to 87%, making progress toward its 100% goal by 2025, and gave examples of innovation to cut plastic waste in a media briefing on Monday.

Exclusive: Worldline $9.2 billion Ingenico deal may need EU concessions - sources

French payments company Worldline's 7.8 billion euro ($9.23 billion) bid for Ingenico may require concessions to gain European Union antitrust regulator approval, people familiar with the matter said on Monday.

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