Tuesday, 4 Oct 2022

Abrdn Plc Posts Loss For H1

Opinion | When Sexual Liberation Is Oppressive

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By Michelle Goldberg

Opinion Columnist

SAG-AFTRA’s Board Overwhelmingly Approves New Netflix Contract, Which Now Goes To Members For Ratification

SAG-AFTRA’s national board has voted overwhelmingly to approve a new three-year contract with Netflix. The contract now goes to the guild’s membership for ratification.

SAG-AFTRA signed its first-ever overall deal directly with Netflix three years ago. Before that, the streaming giant dealt with the guild on a production-by-production basis. Guild officials said at the time that with few exceptions, the contract’s terms followed the guild’s Codified Basic Agreement and Television Agreements.

Deadline will update this story with the terms of the new contract when they become available.

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Continental Slips To Loss In Q2; Backs FY Outlook

German automotive supplier and tire manufacturer Continental AG (CTTAY.PK) reported that its loss attributable to the shareholders of the parent for the second quarter of 2022 was 250.7 million euros or 1.26 euros per share compared to profit of 545.3 million euros or 2.72 euros per share in the prior year.

Operating result for the second quarter was negative 165 million euros compared to an operating result of 473 million euros last year. It was primarily attributable to accounting effects of around 370 million euros that had to be taken into account in the Automotive group sector as a result of higher interest rates.

Consolidated sales for the quarter were 9.44 billion euros up 13.0 percent from 8.35 billion euros in the prior year.

CFO Katja Dürrfeld said, “The current headwind is rather like a hurricane, but we are optimistic for the second half of the year. We are therefore maintaining our outlook for the current fiscal year.”

The company maintained outlook for the current fiscal year.

The company still anticipates consolidated sales for the year as a whole of around 38.3 billion euros to 40.1 billion euros and an adjusted EBIT margin of around 4.7 to 5.7 percent. It includes additional costs of 3.5 billion euros as a result of the massive price increases for raw materials, semifinished products, energy and logistics.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Abrdn Plc Posts Loss For H1

abrdn Plc or Standard Life Aberdeen Plc (SLFPY.PK,SLA.L), a British investment firm, on Tuesday posted a loss for the first-half, mainly due to losses of 313 million pounds from the change in fair value of our significant listed investments in the period.

In addition, the company kept its interim dividend unchanged from last year.

For the first-half, the Edinburgh-headquartered firm posted a pre-tax loss of 320 million pounds, compared with a profit of 113 million pounds a year ago.

Loss for the period was at 289 million pounds or 13.9 pence per share, compared with a profit of 102 million pounds or 4.7 pence per share, reported for the first-six month period of 2021.

Adjusted operating profit moved down to 115 million pounds, from last year’s 160 million pounds.

The company’s adjusted pre-tax profit also fell to 99 million pounds, from 163 million pounds, on year-on-year basis.

Net operating revenues were at 696 million pounds, less than 777 million pounds of previous year period.

The Board has declared an interim dividend for 2022 of 7.3 pence per share, unchanged from the first-half of 2021, which will be paid on September 27.

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