MTN Dividend Exceeds Estimate; Posts Record Loss
The Johannesburg-based company said it would pay a dividend of 3.45 rand a share, compared with a survey of Bloomberg analyst of 3.35 rand a share. MTN posted a net loss of 9.59 billion rand ($526 million) for the year ended Dec. 31. That compares with a 3.87 billion-rand loss forecast by four analysts surveyed by Bloomberg.
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New York Post
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- New York Post
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Costco's decision to switch from Pepsi to Coca-Cola became a viral conversation when the membership warehouse club announced it was making the swap from one carbonated soft drink to the other. Members were mixed on social media as the swap was finalized by Tuesday, with some saying on a Reddit thread that 'Pepsi tastes like flat Coca Cola' and 'Hot dogs don't taste the same anymore without Pepsi.' Advertisement 'If this isn't a sign of the apocalypse then I don't know what is,' another person posted on X. Others, however, welcomed the change, which began rolling out across Costco warehouses in early July, posting on X that 'Coke is so much better.' The company previously noted that all of its food courts will offer Coca-Cola products by the fall. Costco CEO Ron Vachris said in January the company would be 'converting our food court fountain business back over to Coca-Cola' this summer. The company has offered Pepsi products since 2013. Advertisement 3 Costco's food courts have started switching from Pepsi to Coca-Cola. Getty Images 3 Costco members had mixed reactions to the soda switch. AFP via Getty Images 3 The rollout of Coca-Cola products began in early July. jetcityimage – Food courts are one of the company's many ancillary businesses, which are credited for encouraging members to make trips to the warehouse retailer more often. Advertisement Manhattan-based psychotherapist Jonathan Alpert told FOX Business that this struck a nerve with so many because they saw it as more than a simple soda swap. 'Coke vs. Pepsi has always been a cultural dividing line, like Yankees vs. Red Sox or Apple vs. PC,' he said. 'People attach memories, family traditions, and even a sense of who they are to a brand. So when Costco suddenly took sides, it triggered a reaction far bigger than soda itself.'
CNBC
22 minutes ago
- CNBC
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Bloomberg
an hour ago
- Bloomberg
Xiaomi Plans Europe Entry; Pop Mart Gets Labubu Boost
'Bloomberg: The China Show' is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Yvonne Man give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
