Equity Insights
PepsiCo - (Soda)stream of dividends?
PepsiCo runs a complementary beverage and convenience foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. It oversees the manufacturing, distribution, and marketing of its products that are sold in over 200 countries globally.
17 June 2025
Equity Insights
Corporate Action: Anglo American (AGL) - Demerger of Valterra Platinum and Share Consolidation
20 May 2025
Equity Insights
SPM Best Ideas - Offshore - May 2025
A look at our best offshore investment ideas from our FNB investment research team.
15 May 2025
Equity Insights
BlackRock - (Black)Rock solid
BlackRock began in 1988 as a fixed income institutional asset manager with expertise in enterprise risk management. The company began operating with eight people in a single room. BlackRock has since meaningfully diversified its product set and is now the largest asset manager in the world with $11.6 trillion in assets under management as of the end of 4Q24. The company is headquartered in New York City and has a presence in 42 countries with clients in over 100 countries. BlackRock has grown both organically and acquisitively and has an impressive record of bedding down acquisitions of varying size. The company is led by Co-founder, Chairman and CEO, Larry Fink.
24 March 2025
Equity Insights
LVMH Moet Hennessy Louis Vuitton - Popping the cork on luxury
In 1987 Louis Vuitton and Moet Hennessy merged, creating the LVMH Group. As a family-run group, LVMH strives to ensure the long-term development of each of its Houses in keeping with their identity, heritage, and expertise. LVMH is home to 75 distinguished Houses rooted in six different sectors across 80 countries. The company produces and sells Wines and Spirits, Fashion and Leather Goods, Perfumes and Cosmetics, Watches and Jewellery, and Selective Retailing.
13 February 2025
Equity Insights
L'Oreal - Beauty is in the eye of the (share)holder
In 1909, Eugene Schueller founded the company that was to become the L'Oreal Group after developing one of the first safe and effective hair dyes that he formulated, manufactured, and sold to Parisian hairdressers. The business grew rapidly from then, both organically and acquisitively, with organic growth centred upon science and innovation. In the 1930's the company began expanding internationally and in the 1950's the company ventured into skincare with an arrangement with Vichy which it later acquired in 1980. Notably, L'Oreal also acquired Lancome in 1954 and Garnier in 1965. In 1973, the company entered the healthcare market when it assumed controlling interest in Synthelabo, a company specialising in cardiovascular medications which, after combining with over-the-counter specialist Metabio-Joullie in 1980, became the third largest pharmaceutical company in France.
16 January 2025
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