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FT News Briefing

Has plant-based meat peaked?

FT News Briefing

Forhecz Topher

News, News & Politics, Daily News

4.41.2K Ratings

🗓️ 2 February 2022

⏱️ 9 minutes

🧾️ Download transcript

Summary

Alphabet announced a 20-for-one stock split on Tuesday, and businesses across Myanmar shut up shop yesterday, joining a nationwide “silent strike” to mark the first anniversary since a military coup. The FT’s commodities correspondent, Emiko Terazono, explains that the slowing growth of plant–based meat sales has taken executives by surprise. 


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Mentioned in this podcast:

Google parent Alphabet posts surge in search advertising revenue

Myanmar businesses defy army nationalisation threat and join strike 

Has the appetite for plant-based meat already peaked?

M&S and Aldi make peace in Colin and Cuthbert cake war


The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. 


Read a transcript of this episode on FT.com



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Transcript

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0:00.0

The FT News Briefing is supported by Equinole, the UK's energy partner.

0:06.3

Learn more at equinole.co.uk.

0:09.9

Good morning from the Financial Times.

0:11.5

Today is Wednesday, February 2nd, and this is your FT News Briefing.

0:18.6

Businesses in Myanmar defied government warnings and joined a nationwide protest yesterday.

0:24.4

Google served up a strong fourth quarter with a stock split on the side,

0:28.4

plus plant-based meats were all the rage, but last year, the novelty wore off.

0:34.1

Personally, I think it's really down to taste.

0:37.2

I've tried a lot of things out in the market and I've been disappointed.

0:41.2

The FT's Emico Terizono explains why sales have gone from Red Hot to Room Tamp.

0:46.0

A Mark Filipino, and here's the news you need to start your day.

0:49.1

Google's parent company Alphabet beat Wall Street's revenue expectations by a cool $3 billion

1:02.0

last quarter. Alphabet reported earnings yesterday. It saw a bit of a slowdown from quarter to quarter,

1:08.0

but still posted a 32% increase in revenue over the year.

1:12.0

But the big news is that Alphabet announced a 20-for-one stock split,

1:16.6

so every share will turn into 20 shares, but the price will reflect the split so that the company's

1:21.6

market capitalization will stay the same. It is only Alphabet's second stock split in the

1:27.0

18 years since the company went public. The move still needs to be approved at Alphabet's

1:32.2

annual meeting in July. The company's share price shot up more than 8% in after-hours trading

1:37.9

on the announcement. Yesterday was the one-year anniversary of the military coup in Myanmar,

1:48.6

despite threats from the Huta businesses shut down and marked the day by joining a nationwide

1:53.6

silent strike. Here's the FT's John Reed. Some smaller businesses did keep their doors open

...

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