Glass packaging firm Owens-Illinois (O-I) has reduced its second quarter profits forecast due to higher shipping costs in the US and weakness in the Australasian beer and wine industries.
Pepsi Bottling Group (PBG) has lifted its full year operating
profit guidance by about two percentage points to between 10 per
cent and 11 per cent after revenues rose by eight per cent to
$3.7bn (€2.6bn) during the third quarter.