Monday, 24 Jan 2022

Oscor Recalls Destino Twist Steerable Guiding Sheath

Cineworld Group Generates Positive Cashflow Performance In Q4 – Quick Facts

Cineworld Group plc (CINE.L) said, as a result of improvement in revenue and the cost measures implemented, the Group recorded positive cash flow in the fourth quarter of 2021. During the six months to 31 December 2021, performance and attendances have steadily grown and this has resulted in revenue growth over the period.

Cineworld confirmed the Group served its notice of appeal of the decision of the Ontario Superior Court of Justice in the case of Cineplex Inc. against Cineworld on 12 January 2022.

Denver man arrested in connection to fatal car crash in Golden.

A 19-year-old Denver man was arrested Thursday in connection to a fatal traffic crash in Golden.

An arrest warrant was issued for Guillermo Ramirez and he was taken into custody on suspicion vehicular homicide, three counts of vehicular assault, driving under the influence, reckless driving and driving without a license, according to the Golden Police Department.

The crash happened on Dec. 17 at the intersection of West Sixth Avenue and West Colfax Avenue, police said. Ramirez is being held at the Jefferson County Jail on a $50,000 bond. He has a court appearance scheduled on Friday.

 

Currys PLC Group Peak LFL Revenue Down 5%; Affirms Medium Term Guidance – Quick Facts

Currys PLC issued a trading update for its peak, or 10 weeks ended 8 January 2022. Group peak like-for-like revenue was down 5%. UK & Ireland peak like-for-like revenue was down 6%. Group year-to-date like-for-like revenue declined 3%.

The Group expects to deliver full year adjusted profit before tax of around 155 million pounds. Also, Currys said it will commence a share repurchase programme of ordinary shares of 0.1 pence each up to a maximum consideration of 75 million pounds to end of October 2022.

Currys PLC continues to project cumulative free cash flow of more than 1 billion pounds over 2019/20 to 2023/24. The Group expects at least 4.0% adjusted EBIT margin by 2023/24.

European Economics Preview: Italy Industrial Output Data Due

Industrial production from Italy is due on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, industrial output data for November is due from Turkey. Production had increased 8.5 percent in October.

At 3.00 am ET, the Czech Statistical Office is scheduled to issue retail sales data for November. Sales are forecast to grow 11.8 percent annually after rising 5.6 percent in October.

At 4.00 am ET, Italy’s Istat releases industrial production data for November. Economists expect industrial output to grow 0.5 percent on month, reversing a 0.6 percent fall in October.

In the meantime, economic bulletin is due from the European Central Bank.

At 4.30 am ET, the Bank of England is scheduled to issue Credit Conditions Survey results.

Half an hour later, consumer price data is due from Greece. Inflation is seen rising to 5.4 percent in December from 4.8 percent in November.

Thirty-Year Bond Auction Attracts Above Average Demand

After reporting slightly above average demand for this month’s three-year and ten-year notes auctions, the Treasury Department revealed Thursday that this month’s auction of $22 billion worth of thirty-year bonds also attracted above average demand.

The thirty-year bond auction drew a high yield of 2.075 percent and a bid-to-cover ratio of 2.35.

Last month, the Treasury also sold $22 billion worth of thirty-year bonds last month, drawing a high yield of 1.895 percent and a bid-to-cover ratio of 2.22.

The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.

The ten previous thirty-year bond auctions had an average bid-to-cover ratio of 2.29.

Earlier in the day, the Treasury announced the details of this month’s twenty-year bond auction.

The Treasury revealed it plans to sell $20 billion worth of twenty-year bonds, with the results of the auction due to be announced next Wednesday.

Last month, the Treasury also sold $20 billion worth of twenty-year bonds, attracting well above average demand.

Ian King Business Podcast: Economy bounces back, Facebook faces lawsuit and shares in Currys slip

Ian King looks at the latest GDP figures from the Office for National Statistics for November.

He also finds out more about a multi-billion pound legal claim that’s being launched against Facebook in the UK.

Elon Musk and Sen. Elizabeth Warren in Twitter fight over taxes

SingaporeMeme-based cryptocurrency dogecoin jumped on Friday after Tesla (TSLA) chief Elon Musk said the electric carmaker will accept it as payment for merchandise.

“Tesla merch buyable with Dogecoin,” Musk tweeted.
His mid-December tweet saying such use of dogecoin will be allowed on a test basis sent the cryptocurrency up more than 20%.

    Dogecoin, popular among retail investors, raced up 18% to above $0.20 after Friday’s tweet.

      Musk’s tweets on the cryptocurrency, including the one where he called it the “people’s crypto,” buoyed the meme coin and caused it to soar roughly 4,000% in 2021.

      Oscor Recalls Destino Twist Steerable Guiding Sheath

      Palm Harbor, Florida -based Oscor Inc. is recalling 14 lots of Destino Twist Steerable Guiding Sheath, the U.S. Food and Drug Administration announced. The products were found to have increased risk of the hub cap and seal on the proximal end of the device handle detaching during use.

      The recall involves Destino Twist 14F model DST1405525 & Guidestar 14F model D141103 down to the user level. The recall is limited to the two model numbers and lot numbers.

      The product is used as a steerable guiding sheath intended for the introduction of diagnostic and therapeutic devices into the human vascular, including intracardiac, renal or other peripheral placements, among others. It cannot be used for neural placements. The product is provided sterile, one unit per pouch / tray for details.

      The affected Destino Twist 14F model DST1405525 & Guidestar 14F model D141103 were distributed Worldwide to distributors and hospitals from June 8, 2021 to November 30, 2021.

      The agency noted that the detachment of the hub cap and seal on the proximal could lead to bleeding at the proximal end of the device and/or air embolism for the patient during intracardiac, renal or other peripheral placements procedures.

      The recall was initiated after Oscor reported two Medical Device Reports to the FDA related to detachment of hub cap and seal on the proximal end of the device handle.

      The company is arranging for the return of all recalled products.

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