Senate Homeland Security Committee Chairman Ron Johnson joins 'Hannity' with insight
Senate Homeland Security Committee Chairman Ron Johnson joins 'Hannity' with insight
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The Life Science Software Market will grow by USD 2.55 bn during 2020-2024
(Bloomberg) -- Stocks are ending the week in a cautious fashion as investors assess valuations following a rapid rise in equities this month and the enduring pandemic in parts of Europe and the U.S. Oil retreated amid rising tensions within OPEC+ members.Shares underperformed in Australia while Japan edged up, as the MSCI Asia Pacific Index remained on course for a 12% November surge. S&P 500 contracts were steady, European futures dipped and Treasuries advanced.Volumes may be lower than average on Friday with reduced trading hours for U.S. stocks and bonds. Bitcoin steadied after sliding almost 10% on Thursday. The dollar ticked lower and the yen outperformed.Even with three potentially successful vaccines on the table, sentiment remains fragile as the virus toll continues to rise in Europe and the U.S., leading German Chancellor Angela Merkel to call on Europe’s ski resorts to close this winter. AstraZeneca Plc is likely to conduct a further global trial of its vaccine after current studies raised questions, CEO Pascal Soriot said in an interview. The task of vaccinating the world’s population is rife with logistical problems, all while the virus gains ground and economic recoveries wobble.“Vaccine optimism continues to stir momentum going into December that could confront a slowing economy and liquidity difficulties,” said Ben Emons, managing director for global macro strategy at Medley Global Advisors. “Yet, the expectation of a full reopening of the global economy remains firmly priced.”Political clarity has also driven risk assets this month, as President-elect Joe Biden continues his transition to power. President Donald Trump said he’ll relinquish power if the Electoral College affirms Biden’s win, but he signaled he may never formally concede defeat, and may skip the Democrat’s inauguration.Global stocks remain on track for the best month on record, up 13%, and that’s lifted valuations to near the highest in about 20 years.In China, data showed profits at industrial enterprises surged at the fastest pace in a single month in almost nine years in October, a further sign the country’s economic recovery is gathering pace.Here are some key events coming up:U.S. stock market closes at 1 p.m. on Friday.The week ends with Black Friday, the traditional start of the U.S. holiday shopping season.Here are the main moves in markets:StocksS&P 500 futures rose 0.1% as of 6:15 a.m. in London.Japan’s Topix index added 0.5%.Hong Kong’s Hang Seng rose 0.3%.South Korea’s Kospi index rose 0.3%.Australia’s S&P/ASX 200 Index declined 0.5%.Euro Stoxx 50 futures slipped 0.1%.CurrenciesThe Bloomberg Dollar Spot Index fell 0.2%.The euro rose 0.1% to $1.1928.The offshore yuan dipped 0.1% to 6.5758 per dollar.The yen was at 103.98 per dollar, up 0.3%.BondsThe yield on 10-year Treasuries fell to 0.86%.Australia’s 10-year yield dipped to 0.90%.CommoditiesWest Texas Intermediate crude decreased 1.6% to $44.96 a barrel.Gold dipped 0.3% to $1,809.66 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Friday briefing: Angry tiers – Tory outcry as 55m face toughest curbsChief medical officer appeals for caution with Christmas freedoms … Trump will leave White House if electoral college says … Romy from the xx goes solo
Feasts and holy days in the Kazakhstan desertSometimes the most interesting cooking is found in the most unlikely places, as our writer discovers on a road trip in the country’s vast wild west
BOUSSARD & GAVAUDAN HOLDING LIMITED Ordinary Shares The Directors of Boussard & Gavaudan Holding Limited would like to announce the following information for the Company. Close of business 26 Nov 2020. Estimated NAV Euro SharesSterling SharesEstimated NAV€ 25.1441£ 22.1613Estimated MTD return 4.20 % 3.85 %Estimated YTD return 9.80 % 7.39 %Estimated ITD return 151.44 % 121.61 % NAV and returns are calculated net of management and performance fees Market information Euro SharesAmsterdam (AEX)London (LSE)Market Close€ 18.75N/APremium/discount to estimated NAV -25.43 %N/A Sterling SharesAmsterdam (AEX)London (LSE)Market CloseN/AGBX 1,750.00Premium/discount to estimated NAVN/A -21.03 % Transactions in own securities purchased into treasury Ordinary Shares Euro SharesSterling SharesNumber of sharesN/AN/AAverage PriceN/AN/ARange of PriceN/AN/A Liquidity Enhancement AgreementEuro SharesSterling SharesNumber of sharesN/AN/AAverage PriceN/AN/A BGHL Capital BGHL Ordinary SharesEuro SharesSterling SharesShares Outstanding 13,772,778 301,536Held in treasury 189,000N/AShares Issued 13,961,778 301,536 Estimated BG Fund NAV Class B Euro Shares (estimated)€ 210.5199 The Class B Euro Shares of BG Fund are not subject to investment manager fees, as the Investment Manager receives management fees and performance fees in respect of its role as Investment Manager of BGHL. For further information please contact: Boussard & Gavaudan Investment Management, LLP. Emmanuel Gavaudan +44 (0) 20 3751 5389 Email : email@example.com The Company is established as a closed-ended investment company domiciled in Guernsey. The Company has received the necessary approval of the Guernsey Financial Services Commission and the States of Guernsey Policy Council. The Company is registered with the Dutch Authority for the Financial Markets as a collective investment scheme pursuant to article 2:73 in conjunction with 2:66 of the Dutch Financial Supervision Act (Wet op het financieel toezicht). The shares of the Company (the "Shares") are listed on Euronext Amsterdam. The Shares are also listed on the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange plc's main market for listed securities. This is not an offer to sell or a solicitation of any offer to buy any securities in the United States or in any other jurisdiction. This announcement is not intended to and does not constitute, or form part of, any offer or invitation to purchase any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of the securities referred to in this announcement in any jurisdiction in contravention of applicable law. Neither the Company nor BG Fund ICAV has been, and neither will be, registered under the US Investment Company Act of 1940, as amended (the "Investment Company Act"). In addition the securities referenced in this announcement have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"). Consequently any such securities may not be offered, sold or otherwise transferred within the United States or to, or for the account or benefit of, US persons except in accordance with the Securities Act or an exemption therefrom and under circumstances which will not require the issuer of such securities to register under the Investment Company Act. No public offering of any securities will be made in the United States. You should always bear in mind that: all investment is subject to risk; results in the past are no guarantee of future results; the investment performance of BGHL may go down as well as up. You may not get back all of your original investment; and if you are in any doubt about the contents of this communication or if you consider making an investment decision, you are advised to seek expert financial advice. This communication is for information purposes only and the information contained in this communication should not be relied upon as a substitute for financial or other professional advice. Attachment BGHL Publication 26.11
Tours-sur-Marne, November 27, 2020 Laurent-Perrier Financial release Results of the first half of the 2020-2021 financial year Laurent-Perrier announces a consolidated turnover of €71.2 millionand an increase in its operating margin rate. The financial statements for the first half of the 2020-2021 financial year, ended September 30, 2020, were examined by the Supervisory Board, which met on November 24, 2020 under the chairmanship of Mr. Maurice de Kervénoaël. Key consolidated financial data audited: In millions of Euros At September 30, 20201st half2019-2020(April 1, 2019 –September 30, 2019)1st half2020-2021(April 1, 2020 –September 30, 2020)Changevs N-1Changevs N-1 excluding currency effect (*)Champagne sales99.171.0-28.4%-28.2%Group turnover99.271.2-28.2%-28.0%Operating Income19.814.6-26.6%-23.1%Operating margin % (**)20.0%20.5%+0.5 pt+1.4 ptsNet income - Group share11.07.6-30.9%NCEarnings per share (in Euros)1.851.28-0.57NCOperating cash flow (***)-21.9 M€-34.5 M€-12.6 M€NC * At N-1 exchange rates ** Margin calculated on champagne sales only *** Cash flow from operating activities - net investments 1 Commenting on the half-year results, Mr. Stéphane Dalyac, Chairman of the Executive Board, said: "In the context of a first half of the 2020-2021 financial year that was severely affected by the COVID-19 health crisis, the Laurent-Perrier Group was able to adapt to this unprecedented situation, as shown by the published results, thus confirming the resilience of its model based on its value policy. Indeed, despite a sharp decrease in volumes sold as a result of the containment measures adopted worldwide, this performance is based on a still positive price/mix effect, an increase in operating margin rate and tight control of operating cash flow. Faced with many uncertainties regarding the development of the health crisis and the business outlook for the UK (Brexit) and US markets, which call for a great deal of caution, the Laurent-Perrier Group reaffirms its determination to stay the course of its strategy, continuing to rely on the quality of its champagnes, the quality of its teams, the strength of its brands and the control of its distribution." Changes in turnover: In a global champagne market down -28.4% in volume shipped compared to 2019 over the period from April 1, 2020 to September 30, 2020, the turnover of the Laurent-Perrier Group, relating to champagne sales, stands at €71.0 million, i.e. a change of -28.4% in value at current exchange rates.Despite a sharp -35.7% drop in champagne sales volumes, as a result of the health measures adopted around the world, including the closure of hotel and restaurant activities and the very severe restrictions on global air traffic, the Laurent-Perrier Group has delivered a +7.5% price/mix effect, driven by the strength of its brands and the quality of its high-end champagnes. Changes in income: Operating income, at current exchange rates, reached €14.6 million, down -26.6% compared to 2019. In this exceptional context, the Laurent-Perrier Group was able to adapt its cost structure, contributing to a +0.5 point increase in its operating margin rate to 20.5% on a reported basis.The Group's share of net income, for its part, amounted to €7.6 million at current exchange rates and thus represents 10.7% of the Group's consolidated turnover. Changes in operating cash flow and financial structure: Operating cash flow for the period, which is traditionally negative in the first half due to the seasonal nature of the business, held up well despite the exceptional drop in activity and thus stood at -€34.5 million at September 30, 2020. The limited decrease in cash flow from operations, management of working capital requirements and control of capital expenditure limit the erosion of operating cash flow to - €12.6 million compared with September 30, 2019.The elements of the consolidated balance sheet at September 30, 2020, reinforce the solidity of the financial structure of the Laurent-Perrier Group. Shareholders' equity (Group share) amounted to €435.1 million and net debt was €324.0 million. Gearing thus stands at 0.74 compared to 0.75 at September 30, 2019. 2 Outlook Faced with numerous uncertainties regarding the development of the health crisis and the business outlook for the British (Brexit) and US markets, the Laurent-Perrier Group is maintaining its vigilance by adapting to this exceptional context which calls for a great deal of caution. The Laurent-Perrier Group is thus continuing to steer and implement its 2020-2024 business plan, which confirms the following points in particular: The Group has a solid financial structure. Financing and liquidity are ensured.Business continuity is not called into question.Impairment tests confirm the value of the assets. In this context, the Laurent-Perrier Group remains focused on its value strategy, which is based on four pillars: A single business: The creation and sale of high-end champagnesA high-quality supply based on a policy of partnershipsA portfolio of complementary brandsWell-controlled global distribution. Laurent-Perrier is one of the few family groups of champagne houses listed on the French stock exchange dedicated exclusively to champagne and focused on the premium segment. It offers a broad range of products renowned for their quality, around the Laurent-Perrier, Salon, Delamotte and Champagne de Castellane brands. ISIN code: FR 0006864484 Bloomberg: LPE:FP Reuters: LPER.PA Laurent-Perrier belongs to compartment B of Euronext. Main index CAC All SharesIt is included in the composition of the EnterNext© indices PEA-PME 150 and Euronext® FAMILY BUSINESS. Olivier DUMASCFOLaurent-Perrier GroupTelephone: +33 3 26 58 91 22 The consolidated financial statements for the first half of the 2020-2021 financial year were subject to a "limited" review by the statutory auditors (KPMG and PwC). All the corresponding financial data is available in the 2020-2021 half-year financial report which will soon be published on the Laurent-Perrier Group's financial website: www.finance-groupelp.com 3 Notes Analysis of champagne sales 1st half 2020-2021(April 1, 2020 - September 30, 2020)Champagne turnover (M€)71.0Change / N-1 in %-28.4%o/w Volume effect-35.7%Price / Mix effect+7.5%Currency effect-0.2% Elements of the consolidated balance sheet Group - in € millionAt September 30, 2019At September 30, 2020Equity - Group share423.2435.1Net debt318.7324.0Inventories615.8612.0 Financial agenda Annual results 2020-2021 : May 28, 2021 (to be confirmed) 4 Attachment Communique_financier_UK
Heijmans and BAM will merge their asphalt plants as per 31 December 2020 to form new asphalt company AsfaltNu. Heijmans and BAM are set to combine their joint know-how, expertise and investments in the field of asphalt production in a new company, AsfaltNu. This will enable the two companies to make their asphalt production chain more sustainable and more efficient. AsfaltNu will produce asphalt for both Heijmans and BAM, but also for third parties in the asphalt market. AsfaltNu will operate from a head office in Culemborg. Edwin van Osch (from Heijmans) and Diederik Oosting (BAM) will form the management of the new company. Ton Hillen, CEO Heijmans: “Heijmans and BAM each currently operate a number of separate asphalt plants. If you want to make progress in the sustainability strategy of the asphalt sector, the separate operations are just too small. However, together we can make the asphalt chain more sustainable, and make it a lot more efficient. Cooperation is vital to improvement, which is why this strategic choice is important to the entire asphalt sector.” Ruud Joosten, CEO BAM: “Heijmans’ and BAM’s asphalt operations are highly complementary. We are also highly compatible in terms of innovation, sustainability and corporate culture. The combination of our capacities will also enable us to increase our innovative potential, to respond more rapidly to developments on the sustainability front, to improve our capacity utilisation and increase the efficiency of our asphalt production.” About Heijmans Everyone wants clean air, to live in a nice neighbourhood, to work in a good workplace and to be able to travel safely from A to B. By making things better, more sustainable and smarter, Heijmans is creating that healthy living environment. Jan Heijmans started as a road builder in 1923. Today, Heijmans is a stock exchange-listed company that combines activities in property development, building & technology and infrastructure. In addition to this, we work safely and we add value to the places where we are active. This is how we build the spatial contours of tomorrow together with our clients: www.heijmans.nl/en/ For more information / not for publication: Media Jeroen van den Berk Spokesman +31 73 543 52 firstname.lastname@example.org Analysts Guido Peters Investor Relations + 31 73 543 52 17 email@example.com Attachment Full press release 27.11.2020
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Oil prices were lower on Friday in quiet trade due to the U.S. Thanksgiving holiday, dropping amid concerns about oversupply and doubts about a vaccine to end the coronavirus pandemic. West Texas Intermediate was down by 86 cents, or 1.9%, at $44.85. U.S. crude prices did not settle on Thursday due to the holiday.
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Legislators from Taiwan's main opposition Kuomintang (KMT) party threw pig guts and exchanged punches with other lawmakers in parliament on Friday as they tried to stop the premier taking questions, in a bitter dispute over easing U.S. pork imports. President Tsai Ing-wen announced in August that the government would, from Jan. 1, allow imports of U.S. pork containing ractopamine, an additive that enhances leanness but is banned in the European Union and China, as well as U.S. beef more than 30 months old. While welcomed in Washington, and removing a roadblock to a long sought after U.S. free trade deal for Taiwan, the KMT has strongly opposed the decision, tapping into public concern about food safety after several high-profile scandals in recent years.
New Zealand won the toss and fielded Friday in the series-opening Twenty20 international against the West Indies. With no community cases of COVID-19 in New Zealand, fans filled the Eden Park stadium as international cricket resumed in New Zealand, Australia and South Africa on the same day. West Indies captain Kieron Pollard said it “feels strange” to play in front of a crowd again.
(Bloomberg) -- Brent oil traded near $48 a barrel -- but was on track for a fourth weekly gain -- amid signs of division among OPEC+ members just days before a key policy meeting on whether to extend production curbs.Futures in London were steady in Asian trading after falling 1.7% in the previous session. West Texas Intermediate dropped 1.6% from Wednesday, with prices not closing on Thursday due to the Thanksgiving holiday in the U.S.While most analysts surveyed by Bloomberg are forecasting OPEC+ will postpone a planned supply hike by three months to March at a meeting early next week, some see a chance of a shorter delay amid resistance from the United Arab Emirates and Iraq, which are eager to resume oil sales.OPEC’s president said the group must remain cautious, with internal data pointing to the risk of a new surplus early next year if output is hiked in January. That came after Iraq’s deputy leader criticized the cartel, saying the economic and political conditions of member countries should be considered before they are asked to withhold production. The recent rally gives leverage to members who want to pump more, Standard Chartered Plc said in a note.See also: OPEC Is Too Slow For Covid’s Ever-Changing World: Julian LeeCrude is up around 6% this week as signs Covid-19 vaccines could soon be rolled out brighten the consumption outlook, even as a resurgent virus led to more lockdown measures, particularly in Europe. There was also fresh evidence the demand recovery in Asia is gaining traction. Chinese industrial profits rose at the fastest pace in almost nine years in October, while Indian economic growth data due Friday is forecast to show a sharp recovery last quarter.“At this stage it looks like we are looking at a pullback in an uptrend,” said Michael McCarthy, chief market strategist at CMC Markets. It’s “almost certain” there will be some form of OPEC+ agreement, but the meeting is possibly less influential than it might have been given the focus on demand, he said.Brent is up 27% this month, with the global benchmark closing at overbought levels on Wednesday, a sign that a possible reversal had been on the cards. Several key oil timespreads have flipped to backwardation this week, a bullish signal where near-dated prices are more expensive than later-dated ones.Industrial action in Norway, meanwhile, could threaten some oil and gas production. If a long running safety guard strike isn’t resolved before the weekend, two of the country’s fields may have to stop flows.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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ABC opposes quotas as Coalition plans to force Netflix to make more Australian contentABC says imposing an Australian content quota on the public broadcaster could undermine its independence