Latest news with #Pepsico
Sky News AU
29-07-2025
- Business
- Sky News AU
Seven fire trucks respond to Smith Snackfood warehouse fire in South Australia
The factory responsible for manufacturing some of Australia's most-loved chips has avoided significant damage after a fire broke out at the Smiths Snackfood warehouse in Adelaide overnight. Emergency services received the call late Monday night, and seven fire trucks arrived at the South Road address shortly after. Crews were soon able to contain the fire at the factory, which produces some of Australia's most popular chips. It's understood the blaze started in a production oven. A spokesperson for Pepsico, who owns the warehouse, confirmed supply 'will not be impacted.' 'A small fire occurred at our Regency Park site overnight and was quickly contained,' they said. 'All team members are safe and the site is now operational.' 'We thank local emergency services for their fast and effective response.' The Pepsico warehouse manufactures chips such as Smiths, Red Rock Deli, Twisties, Doritos, Cheetos, and Burger Rings. Pepisco has been manufacturing out of the factory in Regency Park, South Australia for more than 40 years.
News.com.au
29-07-2025
- Business
- News.com.au
Fire breaks out at Smiths Snackfood Co Limited warehouse in Adelaide
Australians have avoided some of their favourite snacks going into short supply after a fire broke out at the Smiths Snackfood Co Limited warehouse in Adelaide. Seven fire trucks were dispatched to the fire at the warehouse in Regency Park late on Monday night. Four firefighters donning respirators and wielding high-pressure hose lines were able to contain the blaze. The warehouse is responsible for the manufacturing of several iconic Aussie and American snackfoods including Smith's chips, Doritos, Twisties, Red Rock Deli chips, Burger Rings and Nobby's pub food snacks. A spokesperson from Pepsico said the small fire was 'quickly contained'. 'All team members are safe and the site is now operational,' they said. 'We thank local emergency services for their fast and effective response. 'Supply will not be impacted.'
Yahoo
16-07-2025
- Business
- Yahoo
Netflix & TSMC earnings, retail sales, Fed talk: What to Watch
Market Domination Overtime host Josh Lipton breaks down the biggest stories to watch on Thursday, July 17. More earnings are coming. In the morning, Taiwan Semiconductor Manufacturing Company (TSM), GE Aerospace (GE), Novartis (NVS), Abbott Laboratories (ABT), and Pepsico (PEP) are reporting earnings. Netflix (NFLX) will announce its results in the afternoon. US retail sales data for June is coming out in the morning, with economists expecting a rebound. More commentary from several Federal Reserve officials is on its way, with remarks expected from Fed governor Adriana Kugler, San Francisco Fed President Mary Daly, Fed governor Lisa Cook, and Fed governor Christopher Waller. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Related videos Rachel Reeves plans boost for savers with cash in low-interest accounts 'My girlfriend is a millionaire, but I live on the breadline' Housebuilding giant hit by London exodus as sales slump The FTSE 100 sits at a record high. But some stocks still look dirt cheap! Sign in to access your portfolio
Yahoo
22-06-2025
- Business
- Yahoo
3 dividend shares I think investors MUST consider right now (including a 9.1% yield!)
Dividends are never, ever guaranteed. But investors can vastly improve their chances of receiving a large and growing passive income by buying dividend shares that: Operate in defensive industries, and therefore enjoy long-term earnings stability. Have strong balance sheets with low debt and/or impressive cash flows. Enjoy robust economic moats (like barriers to entry, patented products and brand power). Maintain strong diversification, which protects profits from localised issues. With this in mind, here are three great dividend stocks I think savvy share pickers should look at today. With holdings in 211 companies, the iShares US Equity High Income ETF (LSE:INCU) could be an effective way for investors to reduce risk and source a long-term income. Its exposure is spread far and wide, from tech businesses like Nvidia and Apple to classic safe-havens like consumer goods giant Pepsico, pharmaceuticals developer Merck and telecoms provider AT&T. This isn't all, as it also generates earnings from government bonds and cash, providing additional stability. Right now, iShares US Equity High Income's forward dividend yield is a mighty 9%. Its ongoing charge meanwhile is 0.35%, which I consider reasonable. I think it's a great diversified fund to consider, even though its focus on Stateside stocks could leave it vulnerable if investors continue rotating away from US shares. Like a shares-based ETF, investment trusts can also provide high returns while helping share pickers to reduce risk. As its name implies, the Chelverton UK Dividend Trust (LSE:SDV) is designed to supply a steady stream of passive income. More specifically, this pooled investment vehicle 'aims to deliver a high and growing income through investments in mid to small-cap companies exclusively outside the largest 100 UK stocks.' Such smaller companies can be more susceptible to weakness during economic downturns. But again, a wide variety of holdings (it owns shares in 62 companies today) helps to reduce (if not completely eliminate) this threat. Some of Chelverton's largest holdings are insurer Chesnara, food manufacturer Bakkavor and Arbuthnot Banking. The forward dividend yield here is an impressive 9.1%. In my opinion, Aviva (LSE:AV.) is one of the best FTSE 100 shares to consider for a long-term passive income. And it's not just because its 6.3% forward yield is one of the largest on the UK blue-chip index. The company has significant brand power, which helps protect earnings even during downturns. Its status as the largest life insurer in the UK (market share of 24%) and market-leading positions in other diversified product lines underlines this. It also has a significant position in the defensive general insurance markets to protect revenues when consumers feel the pinch. On top of this, Aviva has a cash-rich balance sheet it can use to pay large dividends while still investing for growth. Its Solvency II capital ratio was 203% as of December. Intense competition remains an ongoing threat. But Aviva's long-term resilience helps soothe any fears I have. The post 3 dividend shares I think investors MUST consider right now (including a 9.1% yield!) appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Royston Wild has positions in Aviva Plc. The Motley Fool UK has recommended Apple, Chesnara Plc, and Nvidia. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Times
20-06-2025
- Business
- New York Times
Under Pressure, Officials in Western India Move Against Abuse in Sugar Fields
Authorities in western India are taking steps to improve labor conditions for sugar cane cutters after a court ruling and an investigation by The New York Times and The Fuller Project highlighted serious abuses of workers. Journalists revealed last year that women in the Indian state of Maharashtra were pushed to get unnecessary hysterectomies as a way to keep them working in sweltering sugar fields, unencumbered by menstruation or gynecological ailments. The sugar cane-cutting system also has used child labor, pushes young girls into marriage and locks families into debt bondage. The sugar industry is overwhelmingly controlled by the state's political leadership. And major Western brands like Coca-Cola and Pepsico have profited from the system. Government officials, regulators and companies have for years done little or nothing to address these abuses. Politicians say that changing the labor system would cut into sugar profits and make it impossible for factories to compete. The Bombay High Court ruled in March that government must address these problems. And though the court has no direct enforcement power in this case, labor-rights groups say the ruling is important because it is the first official acknowledgment that the system in Maharashtra must change. The court ruled that migrant workers and the middleman contractors who hire them must be registered as a standard employee-employer relationship. That would close a loophole that has allowed sugar companies to deny any responsibility for the workers who cut their cane. Want all of The Times? Subscribe.
