Saturday, 28 Sep 2024

Publicis shares hammered by warning over sales growth

Prisoner smacks guards with poo-covered and bloody false leg in shocking attack

Entertainment One Q1 Underlying EBITDA Declines; Revenue Down 7% – Quick Facts

Entertainment One Ltd (ETO.L) reported that its first-quarter Group underlying EBITDA declined 23 percent year-on-year driven by an increase in Group costs. An increase in underlying EBITDA of Music was offset by lower EBITDA in Film and TV. Group reported revenue was 7 percent lower than the prior period, impacted by lower Film, Television & Music. Family & Brands revenue was broadly stable compared to the prior period.

For the first-quarter, on a reported basis, loss before tax widened to 43.9 million pounds from a loss of 6.8 million pounds. Loss per share were 8.3 pence compared to a loss of 1.9 pence, previous year, reflecting the higher one-off charges. Underlying EBITDA declined to 13.4 million pounds from 17.3 million pounds. Adjusted loss per share was 0.3 pence compared to profit per share of 0.8 pence.

First-quarter revenue declined to 173.1 million pounds from 185.7 million pounds, prior year.

Elizabeth Warren now leads Joe Biden in five of seven national polls

Sen. Elizabeth Warren topped former Vice President Joe Biden in five of seven national polls released this month — putting them neck-and-neck after months of Biden leading the pack for the Democratic presidential nomination.

The Massachusetts lawmaker even edged out Biden by 0.2 percentage points — 26.6 to 26.4 — in the Real Clear Politics national average at one point this week, before Biden took back a 27.8-26 lead with the help of a new Fox News poll released Thursday night.

The brief slip marked the first time that the Democratic front-runner — embroiled in controversy over son Hunter Biden’s business dealings in Ukraine — was overtaken since surveys about the contest to challenge President Trump began last year.

Meanwhile, Vermont Sen. Bernie Sanders, who was comfortably in second place for most of the year, slipped to a distant third in the RCP average, with just 15.2%.

A weekly Economist/YouGov poll released Wednesday put Warren ahead of Biden by four points, 29-25, while Quinnipiac University had her up by three points, 29-26, on Tuesday.

Warren barely beat Biden by one point, 27-26, in an IBD/TIPP poll released on Oct. 4, and by three points, 28-25, in a Monmouth University poll Oct. 2. The Economist/YouGov poll released on Oct. 2 gave Warren a six-point lead, 28-22.

Iran foreign minister: We are open to negotiations

(CNN)An oil tanker belonging to the National Iranian Oil Company (NIOC) was damaged by an explosion on Friday, Iranian state news IRNA reported.

The tanker was 60 miles (96 kilometers) from the Saudi port of Jeddah on the Red Sea when the explosion occurred, damaging its structure, IRNA reported. No more details were provided.
Iran’s Press TV also tweeted Friday: “Report: Explosion in #Iranian tanker has set vessel on fire near #Saudi port city of #Jeddah.”

    A series of attacks on oil tankers and production facilities in the region has increased tensions in recent months.
    In September, Saudi Arabia’s Abqaiq oil processing facility — the largest of its kind in the world — was attacked in a series of drone strikes which halved the country’s production.

      Houthi rebels claimed responsibility for the attack, but both Saudi and US investigators claimed “with very high probability” that it was launched from an Iranian base.
      It followed attacks on tankers in the Strait of Hormuz in July, including the capture of the UK-flagged oil tanker Stena Impero by Iran. The vessel was eventually released from the Iranian port of Bandar Abbas in late September.

      Passenger vehicle sales plunge by 24% in September

      Passenger vehicle sales dropped to 223,317 units in September, while while passenger car sales dived 33.4% to 131,281 units.

      India’s passenger vehicle sales slumped 23.7% in September ⁠—  the eleventh straight month of decline ⁠— amid one of the worst slowdowns seen in the auto industry, data released by an industry body showed on Friday.

      Passenger vehicle sales dropped to 223,317 units in September, the Society of Indian Automobile Manufacturers (SIAM) data showed, while passenger car sales dived 33.4% to 131,281 units.

      The data comes as the domestic automobile industry faces a crippling slowdown in demand that has led to production cuts and thousands of job losses.

       

      Hugo Boss shares plunge after warning over North America, Hong Kong

      Hugo Boss BOSS, -9.06% shares plunged 14% as the clothing maker said the market environment in North America deteriorated, and business in Hong Kong has been "substantially negatively affected" since the beginning of the political unrest and demonstrations. It’s forecasting flat sales on a constant currency basis for the third quarter and 2% same-store sales growth. Its operating profit fell to 80 million euros from 92 million euros. It’s now expecting 2019 sales in constant currencies to increase at a low single-digit percentage rate, vs. a prior forecast of the low end of a mid-single-digit percentage rise, and an operating profit between 330 million and 340 million euros vs. last year’s 347 million euros. Hugo Boss previously forecast an operating profit at the lower end of a high single-digit percentage range.

      Publicis shares hammered by warning over sales growth

      Shares of Publicis Groupe PUB, -11.50% plunged 11% as the French advertising group said organic sales fell 2.7% during the third quarter, worse than consensus forecasts which were around flat. The full-year organic revenue growth forecast for a 2.5% drop also was worse than consensus expectations. Rival WPP WPP, -4.05% also lost ground, falling 4%.

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