Author: Press Room
Debra Crew’s first capital markets day as chief executive of Diageo should have been an opportunity to set out her vision for the world’s biggest spirits maker. Instead, the former Reynolds Tobacco boss was besieged by analysts demanding clarity after the company issued a profit warning on the back of falling sales in Latin America days earlier. “The stock opened down 10 per cent and dropped a further 5 per cent during the conference call,” said Bernstein analyst Trevor Stirling. “It’s not a great start. Diageo and Debra will be in the penalty box until the second half of next…
© Reuters. Argentine presidential candidate Javier Milei addresses supporters as they react to the results of Argentina’s runoff presidential election, in Buenos Aires, Argentina November 19, 2023. REUTERS/Agustin Marcarian/File Photo (Reuters) – Argentina President-elect Javier Milei said on Friday he had spoken with the director of the International Monetary Fund (IMF), Kristalina Georgieva, regarding plans to adjust the country’s fiscal policy and monetary program. “The Fund showed itself to be collaborative in looking to find the structural solutions Argentina needs,” Milei said on social media network X. Georgieva later said the two discussed the “significant challenges ahead” for Argentina’s economy…
© Reuters. FILE PHOTO: A child looks at toys in a Target store ahead of the Thanksgiving holiday and traditional Black Friday sales in Chicago, Illinois, U.S. November 21, 2023. REUTERS/Vincent Alban/File Photo By Siddharth Cavale and Amina Niasse NEW YORK (Reuters) -The battleground for retailers this U.S. holiday season is over merchandise priced at $35 and less, setting the stage for the cheapest shopping period in years for TVs, toys, dresses, and sporting goods, according to retail executives, federal pricing data and exclusive analysis of early Black Friday discounts. Toys, games and hobby gear are on track to be…
Horizons Active Global Fixed Income ETF declares CAD 0.032 dividend
The Energy Department is asking for bid prices to add around 3 million barrels to the strategic petroleum reserve. Administration officials say the additional oil will begin to be added in January. It’s just a drop in the bucket compared to the nearly 300 million barrels President Biden has released since he took office. While the U.S. stockpile was declining, China was adding to its reserves.”I think China is looking ahead at the future and seeing that geopolitically, economically, there’s a great deal of uncertainty and volatility in the world,” American Exploration and Production Council CEO Anne Bradbury said.In November…
In a stunning reversal of pandemic-era patterns, Americans’ savings dropped 63.5% between 2021 and 2022 to levels last seen in 2013. Numbers released this week by the Bureau of Economic Analysis and the St. Louis Fed show that U.S. household savings stood at just over $800 billion last year as the cost of living crunch was hitting the nation hard and some Covid-19 government aid was discontinued. During the beginning of the Covid-19 pandemic, household savings in the U.S. soared to never-before-seen heights, almost doubling between 2019 and 2020. As restaurants and entertainment venues closed, travel was restricted and everyone…
BUY: Compass (CPG)Compass has reported stellar growth, but the market was unimpressed by its outlook for 2024, writes Jemma Slingo.Contract caterer Compass achieved stellar growth in the year to September 30. Organic sales jumped by 19 per cent, while underlying operating profits shot up by 30 per cent to £2.1bn. The FTSE 100 group attributed its success to a combination of volume and pricing growth, which both sat at roughly 7 per cent. Operating leverage also helped to boost profit margins from 6.2 per cent to 6.8 per cent, successfully offsetting the mobilisation costs new projects inevitably incur.Compass achieved underlying…
© Reuters. FILE PHOTO: People shop at a grocery store in Toronto, Ontario, Canada November 22, 2022. REUTERS/Carlos Osorio/File Photo (This Nov. 21 story has been corrected to say that services prices ‘accelerated to 4.6%, the largest increase,’ not ‘accelerated 4.6%, the fastest pace,’ in paragraph 10) By Ismail Shakil and Steve Scherer OTTAWA (Reuters) – Canada’s annual inflation rate eased more than expected to 3.1% in October and core inflation measures edged down to their lowest levels in about two years, data showed on Tuesday, likely closing the door to further rate hikes. Analysts polled by Reuters had forecast…
© Reuters. By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) – Germany’s intensifying budget crisis is hitting Europe’s top economy where it hurts most: its reputation as a reliable partner for industry, some of which now fears that Berlin may not stand by its pledges to fund green and other projects. As well as tearing a 60 billion euro ($65 billion) hole in the government’s 2024 spending plans, the constitutional court ruling raises wider questions about aid for big industrial projects that were supposed to be supported with public money. These include plans by ArcelorMittal (NYSE:), the world’s second-largest steelmaker,…
Horizons Active Cdn Bond ETF declares CAD 0.021 dividend