This week, the annual CAGNY investment conference took place in the US, with leading FMCG companies discussing their strategy and outlook for their businesses. One of those, PepsiCo, found itself in the spotlight again after activist investor Nelson Peltz called - not for the first time - for the group to split in two. Elsewhere, US beef jerky firm Jack Link's snapped up Unilever's meat snacks arm and Ian McLeod, the MD of Coles, said he would step down after a successful five years at Australia's number two grocer.