Tuesday, 4 Oct 2022

Baillie Gifford Shin Nippon H1 Loss Widens

Zoom Hit With Sudden Outage, Now Back Online

If you had a meeting you really didn’t want to attend this morning, it’s your lucky day. Video streaming software Zoom’s status website shows there is a major outage, affecting users’ ability to join meetings. According to the crowd-sourced DownDetector, tens of thousands of Zoom users have been reporting outages this morning, beginning around 10:30 AM ET

“We are aware of issues currently impacting Zoom. Our engineering team is investigating this matter,” a Zoom spokesperson told TechCrunch. Users eager to hop back on their meetings can keep track of the latest updates at status.zoo.com.
On DownDetector, most reports show trouble joining a conference. Geographically, outage reports are streaming in from across the U.S. and Europe, though they may extend to other regions as well.

This isn’t the first time there has been a Zoom outage. The company had a rough day in August 2020 that left meetings unavailable for hours. This downtime has become rarer, though, and outages like these are all the more painful as a result. Thursday’s outage was after a long gap of two years.

‘Lou’ Review: Unfinished Business

A child’s kidnapping ignites a protracted bid for redemption in this down-and-dirty thriller.

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Accompany Recalls About 25,000 Ceramic Mugs

Accompany USA has recalled about 25,000 ceramic mugs with cork bottoms due to burn hazard.

According to the Consumer Product Safety Commission, the recalled coffee cup can crack or break when hot liquid is poured into it, posing a burn hazard. The company said it has received one report of the mug breaking after hot liquid was poured into it. No injuries have been reported.

The recall involves Accompany USA Ceramic Mugs with Cork Bottoms sold as and/or given out for free as promotional products with company or other logos. The ceramic mugs are white with cork bottoms. They measure about four inches high and four inches wide.

The company has asked consumers to immediately stop using the recalled ceramic mugs and contact Accompany USA to receive a full refund.

The product was sold online from February 2022 through August 2022 for about $2.

Denver police searching for driver that hit pedestrian, took off

The Denver Police Department is searching for a driver accused of not stopping after they hit a pedestrian Thursday afternoon.

Around 4 p.m., the department issued a tweet saying officers were investigating a hit-and-run crash in the 2700 block of West Jewell Avenue.

Denver police could not provide further detail, only saying it was “serious.” The pedestrian’s condition is not known at this time.

Read more at thedenverchannel.com.

Colorado high school football scoreboard: Week 5

Thursday night scores 

Fruita Monument 31, Bear Creek 27

Eaglecrest 47, Lakewood 14

Mancos 62, Whitehorse 6

Pine Creek 28, Mullen 13

Grandview 42, Pomona 14

Riverdale Ridge 79, Thompson Valley 7

Sierra 50, Mitchell 0

ThunderRidge 21, Chaparral 9

UK Retail Sales Decline Worse Than Expected

UK retail sales declined more than expected in August as the cost of living crisis weighed on consumer spending, official data showed Friday.

The retail sales volume declined 1.6 percent month-on-month, in contrast to July’s revised 0.4 percent increase, the Office for National Statistics reported. Economists had forecast a moderate 0.5 percent decline.

The monthly fall in sales volumes was the strongest so far this year and joint largest fall since July 2021 when all legal restrictions on hospitality were lifted.

Excluding auto fuel, retail sales were also down 1.6 percent after rising 0.4 percent in July. Sales were expected to ease 0.7 percent.

All the main sectors, namely food stores, non-food stores, non-store retailing and fuel declined over the month.

Non-food stores sales volumes dropped 1.9 percent because of falls in each of its sub-sectors. Food stores sales decreased 0.8 percent largely due to increased food prices.

Automotive fuel sales volumes dropped 1.7 percent, following a rise of 0.3 percent in July.

Data showed that the proportion of retail sales online fell to 25.7 percent in August from 26.3 percent in July.

On a yearly basis, retail sales decreased for the fifth straight month in August. Sales decreased 5.4 percent, following July’s 3.2 percent fall. Economists had forecast an annual drop of 4.2 percent.

At the same time, sales excluding auto fuel slid 5.0 percent versus a 3.1 percent decrease in the previous month. This was also faster than economists’ forecast of -3.4 percent.

Baillie Gifford Shin Nippon H1 Loss Widens

Baillie Gifford Shin Nippon Plc (BGS.L), managed by fund management group Baillie Gifford, reported Friday that its first-half net loss on ordinary activities before taxation was 26.29 million pounds, wider than last year’s loss of 10.53 million pounds.

Net loss per ordinary share was 8.52 pence, wider than loss of 3.51 pence a year ago.

Revenue return per ordinary share was 0.55 pence, up from 0.04 pence last year.

Net losses on investments widened to 32.24 million pounds from loss of 14.43 million pounds last year.

The company said its Board is disappointed by the weak performance over six months and three years, but this is not unexpected after a long period of strong outperformance and especially given the extremely challenging environment for high-growth small cap stocks more recently.

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