Tell us: have you bought groceries through a buy now, pay later scheme?

We would like to hear your experiences of buying groceries through buy now, pay later schemes offered by credit firms

Last modified on Mon 31 Jan 2022 06.12 EST

Credit firms and online stores such as Zilch, Flava or Clearpay are offering “buy now, pay later” deals on items including groceries, pet food and hot drinks.

We would like to hear about people’s experiences of buy now, pay later grocery schemes. What led to your decision to use one? What has your experience been like?

Share your experiences

You can get in touch by filling in the form below or contact us via WhatsApp by clicking here or adding +44(0)7766780300. Your responses are secure as the form is encrypted and only the Guardian has access to your contributions.

One of our journalists will be in contact before we publish, so please do leave contact details.

If you’re having trouble using the form, click here. Read terms of service here and privacy policy here.

Tally urges software codification to make India ‘products hotspot’

Domestic sales, distribution difficult and unviable: Goenka

India has the potential, talent and the will to become the next software products hotspot in the world, provided the government is ready to offer required regulatory support, said Tejas Goenka, Managing Director, Tally Solutions, a business management software provider.

The primary requirement is to recognise ‘software products’ as a separate category both under the HSN code (Harmonized System of Nomenclature, a 6-digit uniform code used for the classification of goods globally) and the SAC code (Service Accounting Code, a unique code provided for recognition, measurement and taxation of services), he said.

“Such classification will help provide clarity and appropriate incentivisation for the industry,” Mr. Goenka pointed out in an interview.

Currently, off-the-shelf software is being classified as goods and other kinds of software are classified as services, creating ambiguity about software products that are delivered virtually, Mr. Goenka observed.

He also pointed out that income tax rules do not distinguish products from services and so TDS at 10% is applicable on the sale of software versus TDS of 0.1% applicable on goods.

“Sales and distribution of software products under the current classifications are difficult and financially unviable. Therefore, a correction is imperative to spur growth for the domestic sale of software products, especially for smaller businesses,” Mr. Goenka urged.

KPN Q4 Net Profit Down, EBIT Rises; Sees Higher Adj. EBITDA AL In FY22; Backs FY23 View

Dutch telecom firm Royal KPN NV (KKPNY.PK,KPN) reported Monday that its fourth-quarter net profit dropped 9.7 percent to 157 million euros from last year’s 174 million euros, hurt by higher income taxes.

Operating profit or EBIT, however, grew 13 percent 253 million euros, and adjusted EBITDA AL improved 4.1 percent to 584 million euros supported by growing mass-market service revenues and cost savings.

Adjusted EBITDA AL margin grew to 43 percent from last year’s 41.4 percent.

Adjusted revenues for the quarter edged up 0.3 percent to 1.36 billion euros from 1.35 billion euros last year, mainly due to continued mass-market service revenue growth.

Looking ahead for fiscal 2022, KPN expects adjusted EBITDA AL at approximately 2.40 billion euros, higher than prior year’s 2.35 billion euros.

The expected dividend payout over 2022 is 14.3 euro cents per share, up 5.1 percent from last year.

KPN intends to pay a regular dividend per share of 13.6 euro cents over 2021. The final regular dividend of 9.1 euro cents is subject to shareholder approval at the Annual General Meeting of Shareholders on 13 April 2022.

Further, KPN announced a new share buyback program of 300 million euros in 2022.

For 2023, KPN reiterated its ambitions for adjusted EBITDA AL.

FGI Industries Stock Surges 43%

Shares of FGI Industries Ltd. (FGI) surged over 43% on Monday morning despite no stock-related news release from the company to drive the shares.

FGI is currently trading at $5.40, up $1.63 or 43.30%, on the Nasdaq.

FGI Industries, a supplier of kitchen and bath products, had last week priced its IPO of 2.5 million units, each consisting of one ordinary share and one warrant to purchase one ordinary shares, at $6.00 per unit.

Pearson Plc Buys Credly – Quick Facts

Pearson plc (PSO,PSON.L) announced the acquisition of Credly, in which Pearson already had a approximately 20% stake. The purchase price, including Pearson’s existing stake, represents a total value of $200 million. This comprises a total upfront consideration of approximately $140 million, Pearson’s existing stake valued at approximately $40 million and a deferred consideration.

Pearson plc said the acquisition will create a powerful solution in the global workforce skills sector. The acquisition follows Pearson’s 2021 purchase of Faethm. These businesses will sit at the heart of Pearson’s Workforce Skills division, the Group stated.

Edwards Lifesciences Corp. Q4 Profit Increases, but misses estimates

Edwards Lifesciences Corp. (EW) revealed earnings for its fourth quarter that increased from last year but missed the Street estimates.

The company’s bottom line came in at $335.3 million, or $0.53 per share. This compares with $309.5 million, or $0.49 per share, in last year’s fourth quarter.

Excluding items, Edwards Lifesciences Corp. reported adjusted earnings of $320.3 million or $0.51 per share for the period.

Analysts on average had expected the company to earn $0.55 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 11.8% to $1.33 billion from $1.19 billion last year.

Edwards Lifesciences Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $335.3 Mln. vs. $309.5 Mln. last year.
-EPS (Q4): $0.53 vs. $0.49 last year.
-Analyst Estimate: $0.55
-Revenue (Q4): $1.33 Bln vs. $1.19 Bln last year.

-Guidance:
Next quarter EPS guidance: $0.54 to $0.62