Breakingviews - Corona Capital: Consumer cheer, Roche, South Korea

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Breakingviews - Corona Capital: Consumer cheer, Roche, South Korea
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From Breakingviews: Unilever and Pernod Ricard prove to be more resilient than investors had expected and South Korea’s first recession in nearly two decades may be mercifully short

A logo is seen on a bottle of the Ricard aniseed-flavoured beverage displayed during French drinks maker Pernod Ricard news conference to announce the company annual results in Paris, France, August 29, 2018.JOPE AGAINST JOPE. Covid-19 hasn’t been so bad for consumer goods groups after all. Magnum maker Unilever’s underlying revenue in the first half of 2020 was down just 0.1% compared with the same period last year.

DELAYED DIAGNOSES. Iatrophobia is a fear of seeing the doctor. The relatively rare anxiety disorder moved into the mainstream on Thursday as Roche said its second-quarter sales fell nearly 10% as patients avoided eye doctors and diagnostic tests. The pandemic has overwhelmed medical centres in America, Britain, Spain and Italy, where routine hospital appointments, tests and surgeries have been cancelled to alleviate the strain.

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