PHOTOS: CU Buffs beat Oregon in Pac-12 men’s basketball tournament – The Denver Post

The University of Colorado Buffs defeated the University of Oregon Ducks 80-69 in the second round of the Pac-12 men’s basketball tournament at T-Mobile Arena in Las Vegas, Nevada on Thursday, March 10, 2022.

Lanxess Annual Earnings Fall, But Sales Improve

Lanxess AG (LNXSF.PK), a German specialty chemicals company, reported a decline in earnings for the full year while sales improved from last year.

For the financial year 2021, the Cologne-headquartered firm reported a net income of 267 million euros, compared with 885 million euros, recorded for the financial year 2020.

The firm generated its earnings from continued operations at 218 million euros as against 908 million euros last year.

For the year 2020, the firm had generated significant proceeds from the sale of the stake in chemical park operator Currenta.

The German firm posted its EBITDA pre exceptionals at 1.01 billion euros, compared with 862 million euros, on year-on-year basis.

For the fiscal 2021, the company said it will propose an increased dividend of 1.05 euros per share.

The company registered a rise in its sales at 7.55 billion euros, compared with 6.10 billion euros, reported a year ago.

Moving forward, for the first quarter, excluding the impact of Ukraine conflict, Lanxess expects its EBITDA , excluding items, to be in the range of 280 million euros – 320 million euros.

The company added that excluding uncertainties related to the war, it expects significant earnings increase for 2022.

EssilorLuxottica FY Profit Climbs

French ophthalmic company EssilorLuxottica (ESLOF.PK,ESLOY.PK) reported that its net profit attributable to owners of the parent for fiscal year 2021 climbed to 1.46 billion euros or 3.28 euros per share from last year’s 85 million euros or 0.19 euros per share reflecting the solid return to growth after the severe contraction of the company’s activities caused by the COVID-19 pandemic in 2020.

Annual revenue grew to 19.82 billion euros from 14.43 billion euros in the prior year.

The company confirmed its target of mid-single-digit annual revenue growth from 2022 to 2026 at constant exchange rates, and expects to achieve an adjusted operating profit as a percentage of revenue in the range of 19%-20% at the end of the period.

The company said its board will recommend that shareholders, at the Annual Meeting to be held on May 25, 2022, approve the payment of a dividend of 2.51 euros per share. The ex-date will be May 30, 2022 and the dividend will be paid – or the shares issued – as from June 21, 2022.

When My Heart Broke, My Father Used Google to Save Me

And soon after, I told both of my parents who I really am.

By Chisom Peter Job

Berkeley Group On Track To Meet Earnings Guidance

While issuing a trading Update for the period from 1 November 2021 to 28 February 2022, The Berkeley Group Holdings plc (BKG.L) said the Group remains on track to meet its earnings guidance for the year ending 30 April 2022, and the subsequent three years. Forward sales are projected to be above 1.70 billion pounds at year end, whilst net cash is forecast to be around 900 million pounds.

Berkeley stated that it has continued to trade robustly since its half year, with the value of underlying sales reservations remaining slightly ahead of pre-pandemic levels.

SIG Plc Yearly Loss Narrows

SIG Plc (SHI.L), a British supplier of building and related construction products, on Friday reported a decreased loss, amidst a rise in revenue, decline in other operating expenses, and finance cost.

For the financial year 2021, the Sheffield-headquartered firm reported a statutory pre-tax loss for the year at 15.9 million pounds, compared with a restated loss of 194.6 million pounds, posted a year ago.

After tax, the loss was at 28.3 million pounds, compared with 131.5 million pounds loss last year. Its pre-tax earnings from continuing operations were recorded at 15.9 million pounds as against 194.6 million pounds, posted a year ago.

The constructions products supplier posted its loss per share for the year at 2.4 pence, compared with 15.1 pence per share, on year-on-year basis.

The company generated an operating profit from continuing operations at 14 million pounds, versus an operating loss from continuing operations 160 million pounds, recorded for 2020.

The company’s other operating expenses moved down to 588.1 million pounds, from 630.5 million pounds, whereas finance cost was reported at 30.6 million pounds as against 35.3 million pounds, reported for the previous year.

SIG’s revenue for the 12-month period improved to 2.29 billion pounds, from 1.87 billion pounds, reported a year ago.

Looking ahead, the Group aims to achieve 3 percent operating profit margin for the fiscal 2023.

Bitcoin hovers around $39,000 after winning streak snapped

Some amount of crypto regulation ‘important’: FTX US President

Brett Harrison, the president of FTX US, a U.S.-regulated cryptocurrency exchange, argues that ‘some amount’ of crypto regulation is ‘important’ so that institutions ‘feel confident’ in putting their money into the ’emerging space.’ 

Bitcoin was trading around $39,000 on Friday morning after snapping a two-day winning streak.

The cryptocurrency traded in tandem with the equity markets, which also fell after the Consumer Price Index jumped 7.9%, cementing inflation concerns. 

Bitcoin was off more than 5% month-to-date and down more than 15% year-to-date.

The U.S. Treasury Department is taking steps to raise awareness about the risks of investing on cryptocurrencies, according to Reuters.

The Treasury’s Financial Literacy Education Commission will work to inform the public about how crypto assets work and how they are different from other forms of payment.

CLICK HERE FOR FOX BUSINESS' REAL-TIME CRYPTOCURRENCY PRICING DATA 

The Treasury's education unit will be made up of 20 different agencies, including the Securities and Exchange Commission.

Last year, SEC chair Gary Gensler called the crypto industry the "Wild West" of finance, "rife with fraud, scams and abuse."