From beverage manufacturers to luxury goods: How pricing power trumps inflation

Valuations matter more than before

Following a bumper year for earnings in 2021, investors expected earnings normalisation in 2022, with many of the distortions arising from the pandemic starting to diminish.

However, the last few months have presented investors, and companies, with a new set of challenges stemming from the invasion of Ukraine and China's zero-Covid policy. This is feeding into rampant and...