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Latest news

Mondelēz still tastes good, candy company exceeded expectations

Mondeléz Group, the global snack food company, is known for its Oreo biscuits, Cadbury chocolate, 3bit, Milka or Toblerone, and its repertoire also includes Jacobs or Tassimo coffee. Financial results for the latest quarter beat expectations and earnings per share came in at $0.89, beating forecasts by $0.09

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Expected results in McDonald's

McDonald's faced many challenges during the COVID-19 pandemic. However, with robust delivery and drive-thru systems, McDonald's was able to quickly adapt to changing consumer behaviors and preferences during the pandemic. Overall, McDonald's has managed the challenges of the pandemic relatively well and continues to be a leading player in the fast food industry.

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IKEA plans major investments in the US and UK, focusing on expansion and electrification

Ingka, the company that runs the IKEA department store chain, has unveiled its plan to expand in the United States over the next three years. The investment amounts to €2 billion ($2.2 billion) and is the largest single-country investment to date. It wants to take advantage of a situation in which other retailers are closing branches to attract more American consumers. Ingka Group had U.S. sales of 5.5 billion euros ($6.03 billion) in fiscal 2022.

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Batteries that fuel the market

Scania, in collaboration with Northvolt, have announced that they are able to create a battery with the same lifespan as a truck. The battery runs on a lithium-ion cell and can power a truck for up to 1.5 million kilometres, which is the approximate performance quotient of Scania trucks.

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French luxury products maker LVMH heads ever higher

LVMH - Moët Hennessy Louis Vuitton holds the number one position amongst European companies with a market capitalisation of almost half a trillion dollars and is also ranked amongst the top 10 largest companies in the world by value. Currently, large American technology companies such as Apple, Alphabet, Nvidia and Microsoft are represented in this ranking, while the only non-US company in the ranking, apart from LVMH, is the oil company Saudi Aramco.

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Prediction for the favourite index

The latest news regarding the movement of the well-known S&P 500 index is unlikely to please investors.  It is likely that in the next few days this index will change its direction and we will see a correction of around 10% in the next 3 to 6 months.

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Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.