PepsiCo says investments to drive sales will dent profit this year
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(Reuters) - PepsiCo Inc said on Friday increased investments in advertising and products aimed at boosting sales growth would lead to a fall in profit this year.In his first major strategic move after taking over as chief executive officer, Ramon Laguarta unveiled plans to cut jobs and restructure plants to save $1 billion (£780.6 million) annually through 2023 and fund its investments in a bid to claw back market share from larger rival Coca Cola.Shares of PepsiCo were up 2 percent in late..