Kellogg Spins Off Kellanova with Snacking Boom
Kellogg is shaking up the food world. The giant is splitting into two by year-end, with its snacking powerhouse Kellanova taking centre stage. Expect big things from favourites like Pringles, Cheez-It, and Pop-Tarts. Kellanova’s forecast? A smashing $13.4 to $13.6 billion in full-year sales.
Profit-wise, Kellanova’s set to rake in an adjusted $3.55 to $3.65 per share, signalling strong financial health. The split is Kellogg’s move to zoom in on the booming snack market.
WK Kellogg Takes Cereal Crown
The other half, WK Kellogg, keeps the breakfast legends — Kellogg’s and Froot Loops — in its stable. This new division expects $2.7 billion in annual net sales. Recent price hikes have already boosted profits for the cereal and breakfast snack side, helping Kellogg revise its growth outlook upwards.
Gatwick Airport Staff Strike Set to Ground Flights
London Gatwick is bracing for chaos. Around 230 workers at the UK’s second busiest airport plan eight days of strike action from August 18 to 28 over pay disputes. The Unite union warns this could disrupt flights during the busy summer rush.
The strikes will hit ground handlers and passenger services, with workers from Red Handling and Wilson James set to walk out. Though some earlier strikes were called off with better pay offers, this round looks set to go ahead.
Unite’s general secretary Sharon Graham said: “There is no way our members will accept real terms pay cut and poverty pay.”
Gatwick authorities promise to minimise disruption and have contingency plans ready for airlines and affected businesses.
John Lewis Partnership Goes All-In on AI with Google Cloud
John Lewis Partnership is upping its tech game with a £100 million, five-year deal with Google Cloud. The retailer, which owns John Lewis and Waitrose, aims to boost efficiency and revamp customer experiences through artificial intelligence and machine learning.
This extends a decade-long partnership, pushing the use of AI to personalise shopping and sharpen data use. Google’s AI tools will help staff tailor products and services based on customer data.
Zak Mian, John Lewis’s chief transformation officer, said: “Not only does it save customers a lot of time and hassle, but even before the appointment we can take inspiration from their unique preferences and give tailored recommendations that can even complement products they already have.”
As John Lewis fights back with a five-year recovery plan and eyes outside investment, this AI push could be its ticket to future-proofing and winning shoppers’ hearts.
