News Snapshot:
Multinationals reported third-quarter sales growth of 2.5%, reaching € 13.5 billion. This reflects a 4.1% increase in price and a 1.5% decrease in quantity. Growth was better than expected, boosted by strong sales in the US, China and India, but curtailed by blockades in major Southeast Asian markets. FTSE 100 companies said investor cost inflation was at a “significantly higher level,” and CEO Alan Jope said he expects it to continue next year with supply chain turmoil. Logistics costs are rising due to staff shortages, especially in the UK and US markets, he said. In July, Treasury Chief Graeme Pikethly...
