Money News Steet Talk
15 hours
Larry Kudlow, the economic guru and former adviser to President Ronald Reagan, said waning productivity is holding back U.S. growth. Corporate profitability is growing the most since 2011, but gross domestic product is has barely risen."We had big, big profits numbers in...
Proactive Investors USA
a day
Autocar
2 days
The last 8 Series was sales flop; its soon to arrive successor has much higher ambitions The return of the BMW 8 Series after a 19-year absence is directly related to attempts by BMW to further boost its already healthy profitability through the planned expansion of its line-up of ‘upper luxurymodels. Having witnessed long-time rival Mercedes-Benz build a formidable line-up of S-Class models, and with it some of the industry’s highest profits on a per-model basis, BMW is now concentrating its efforts on bridging the gap between the 7 Series and the cheapest Rolls-Royce model, the Ghost. By basing the new 8 Series around existing platform and driveline hardware, BMW can expect a healthy return on its new upper-end coupé and convertible. For its profitability-boosting plan to succeed, though, the new model will need to sell in much larger numbers than the original 8 Series. Produced between 1989 and 1999, it garnered just 31,062 sales worldwide.
Autocar
2 days
The last 8 Series was sales flop; its soon to arrive successor has much higher ambitions The return of the BMW 8 Series after a 19-year absence is directly related to attempts by BMW to further boost its already healthy profitability through the planned expansion of its line-up of ‘upper luxurymodels. Having witnessed long-time rival Mercedes-Benz build a formidable line-up of S-Class models, and with it some of the industry’s highest profits on a per-model basis, BMW is now concentrating its efforts on bridging the gap between the 7 Series and the cheapest Rolls-Royce model, the Ghost. By basing the new 8 Series around existing platform and driveline hardware, BMW can expect a healthy return on its new upper-end coupé and convertible. For its profitability-boosting plan to succeed, though, the new model will need to sell in much larger numbers than the original 8 Series. Produced between 1989 and 1999, it garnered just 31,062 sales worldwide.
Variety
2 days
BBC News - Business
2 days
Shares in the budget airline jump 7% after it reports record profitability for the past year.
The Sun Daily - Business
2 days
PETALING JAYA: Proton Holdings Bhd is divesting its interest in Lotus Group International Ltd after failing to turn it around since acquiring control in 1996. It is not due to want of trying, however, as numerous media reports point to efforts to inject more funds to drive the company back to profitability. In 2011, Lotus secured £270 million (RM1.33 billion) in loans from six financial institutions over a six-year period to do just that, without much positive results. Proton acquired a 80% stake in Lotus, valued at £51 million, in October 1996 following the bankruptcy of the former owner, businessman Romano Artioli. The controlling interest was bought from ACBN Holdings SA of Luxembourg, a company controlled by Artioli, who also owned Bugatti at that time. Proton’s stake in Lotus was increased to 100% in 2003. The deal now, however, comes at a time when CEO Jean-Marc Gales said it is on track to make a profit and with costs at its lowest in eight years.
The Economic Times
3 days
“We expect the impact to be mitigated eventually and where it doesnt get mitigated, the consumption will shift to other outlets.” While India is moving toward a simpler taxation regime with the introduction of the goods and services tax (GST), liquor has been kept out of its purview. Under the new proposal, an 18% tax will apply to key raw materials for liquor suppliers, including glass and extra-neutral alcohol. “India accounts for 3% of EBIT (earnings before interest and taxes) for Diageo and 8% for Pernod Ricard. The margin impact for Diageo and Pernod Ricard will depend on whether the companies will be able to increase prices. We estimate the earnings impact on Diageo would be 30 basis points and on Pernod Ricard 80 bps,” said a recent JPMorgan report on the GST’s profitability impact on liquor companies. A basis point is 0.01 percentage point. State governments control alcohol prices in most parts of India.
BBC One Wales
3 days
The Saint help was the co-producer. When it turned into colour he shared in the profitability. He was enormously generous. He made a lot of money, gave away a lot of money. Gave.
The Economic Times
3 days
If we notice the communication from the GM India top management to the dealer partners wherein they have been consistently talking about product launches and no hint of closures only provides for the popular belief that GM India was being operated through a remote control by masters sitting in far off Detroit offices. The customers will also have to suffer as many of these workshops will soon move to a new brand as the profitability will go down. “On an average, every dealer will get 5-7 vehicles a day to service, which is certainly not enough to run such a high-cost business,” said an NCR dealer. Since 1994, GM has sold about 1 million cars in India of which about 5 lakh vehicles are still on road; however, in the last three years only about one lakh vehicles were sold which would be actual customers. Studies suggest that after warranty period gets over people move to a local repair shop to save cost.
The Economic Times
3 days
If we notice the communication from the GM India top management to the dealer partners wherein they have been consistently talking about product launches and no hint of closures only provides for the popular belief that GM India was being operated through a remote control by masters sitting in far off Detroit offices. The customers will also have to suffer as many of these workshops will soon move to a new brand as the profitability will go down. “On an average, every dealer will get 5-7 vehicles a day to service, which is certainly not enough to run such a high-cost business,” said an NCR dealer. Since 1994, GM has sold about 1 million cars in India of which about 5 lakh vehicles are still on road; however, in the last three years only about one lakh vehicles were sold which would be actual customers. Studies suggest that after warranty period gets over people move to a local repair shop to save cost.
The Economic Times
3 days
If we notice the communication from the GM India top management to the dealer partners wherein they have been consistently talking about product launches and no hint of closures only provides for the popular belief that GM India was being operated through a remote control by masters sitting in far off Detroit offices. The customers will also have to suffer as many of these workshops will soon move to a new brand as the profitability will go down. “On an average, every dealer will get 5-7 vehicles a day to service, which is certainly not enough to run such a high-cost business,” said an NCR dealer. Since 1994, GM has sold about 1 million cars in India of which about 5 lakh vehicles are still on road; however, in the last three years only about one lakh vehicles were sold which would be actual customers. Studies suggest that after warranty period gets over people move to a local repair shop to save cost.
The Economic Times
3 days
The market may be extrapolating too much over here and may be missing a lot of underlying trends. Just to give you one example, this whole formulisation of the economy which we are looking at going forward. If you look at the real estate sector, historically a lot of houses have been built in India on individual basis that is some guy building house on his own after getting a contractor and buying all the components. Going forward what is likely to happen is most of the housing development will take place in the form of very large projects. This means the building component suppliers who were selling to individual customers will increasingly have to sell to large real estate development companies. The whole model of some of these companies probably is going to change from B2C model to more of a B2B model which has its own implications and pricing and profitability of the sales going forward.
The Economic Times
3 days
If we notice the communication from the GM India top management to the dealer partners wherein they have been consistently talking about product launches and no hint of closures only provides for the popular belief that GM India was being operated through a remote control by masters sitting in far off Detroit offices. The customers will also have to suffer as many of these workshops will soon move to a new brand as the profitability will go down. “On an average, every dealer will get 5-7 vehicles a day to service, which is certainly not enough to run such a high-cost business,” said an NCR dealer. Since 1994, GM has sold about 1 million cars in India of which about 5 lakh vehicles are still on road; however, in the last three years only about one lakh vehicles were sold which would be actual customers. Studies suggest that after warranty period gets over people move to a local repair shop to save cost.
The Economic Times
4 days
With the growth of the country's economy, demand for natural gas has huge potential, Tripathi said, adding that the company has taken up synchronised development of seven city gas distribution network (CGD) projects at Varanasi, Patna, Jamshedpur, Kolkata, Ranchi, Bhubaneswar and Cuttack. For long term energy security, the first LNG terminal at the east coast is also coming up in Dhamra in Odisha under a joint venture of public and private sector companies. Following the revival of 3 fertiliser plants located at Gorakhpur, Barauni and Sindri, gas demand will be met through companies' supply, he added. "The company is also looking at reducing interest burden by repaying loans. We have brought down the debt from Rs 11,000 crore to Rs 5,000 crore. "In the current year, the company hopes to repay another Rs 3,000 crore, which will help us to reduce interest burden and improve profitability in the years to come," added Tripathi.
PC Pro
4 days
Hopper is now used by some of the world’s largest brands and agencies,” explains Bandar rather proudly. “As a bootstrapped business, we’re proud to have reached profitability. However, we’re reinvesting all profits for growth.” “We believe we’ve carved out several specialisms and core areas that are important to us as a business, namely helping to improve visual communication while providing a fantastic-value product with excellent customer service.” Hopper’s #content plan for the future See related Nesta backs gig economy startups with a social conscience Singapore’s startup-like approach to government is making life better for its citizens Brexit sees 12% of Londons startups lose funding Bandar and his team are constantly thinking of what comes next in the Hopper journey. While Instagram will always be the main focus, the company wants to help brands improve their visual communication in general.
The Economic Times
4 days
South China Morning Post
4 days
Cathay Pacific Airways is not done with its staff restructuring and will retrench 800 employees, 200 more than the number announced on Monday as it plots a path back to profitability, sources told the Post. The 200 extra jobs to be culled will be from junior ranks, sources say, before the conclusion of the restructuring exercise at the end of this year. The company on Tuesday afternoon strenuously denied future additional redundancies. A Cathay Pacific spokeswoman said on Tuesday afternoon:...
France 24
4 days
Trading in embattled commodities firm Noble Group was halted Tuesday after it plunged almost a third to a 16-year low in reaction to a warning from Standard & Poor's that it faced a possible debt default. The once-mighty company has been hammered in recent years as plunging commodity prices dismantled its bottom line while it has also suffered a ratings downgrade and allegations of irregular accounting practices. Late Monday ratings agency S&P said the Singapore-listed firm risked defaulting on its debts in the next 12 months if losses continued and profitability was not restored. It also downgraded its ratings by three notches. "Noble could face liquidity shortfalls in the next 12 months if the Hong Kong-based commodity trading company continues to make losses and it is unable to stabilise its profitability," the agency said. "The negative outlook on Noble reflects the potential that the company will face distress and a nonpayment of its debt obligations over the next 12 months.
NewsMax World
4 days
The Sun Daily
4 days
South China Morning Post
5 days
Cathay Pacific Airways is not done with its staff restructuring and will retrench 800 employees, 200 more than the number announced on Monday as it plots a path back to profitability, sources told the Post. But anger rippled through the airline as the company said 600 of 3,000 head office jobs would be axed with no department spared except for frontline staff such as pilots and cabin crew. The 200 extra jobs to be culled will be from junior ranks, sources say, before the conclusion of the...
Sky News
5 days
the bank. Now, for a banquet actually became the most expensive bank in the world to bail out, and which has still failed to return to profitability nine years after its collapse, one does wonder whether that FSA report was actually.
Sky News
5 days
division that works on autonomous vehicles. Mark had a tremendous career at forward and did great things. If I just look at the last few years under his leadership, we have had record profitability, cash flow, really, really solid results. And what that's done of course, is to.