Daily Management Review
Business & Finance

UK’s Boohoo Predicts A Tough Year Ahead As Its Profits Dropping 28%

Boohoo, a British online clothes retailer, announced a 28 per cent drop in yearly core earnings, owing to high freight and logistics cost inflation, and warned that pandemic-related external variables will continue to have an impact this year.   The company reported on Wednesday that...

Volkswagen's profit grows in Q1

The after-tax profit of Europe's largest carmaker, the Volkswagen Group, doubled to €6.724 billion in the first quarter compared with the same period last year, the company said in its financial statements. Operating profit for the reporting period was €8.453 billion, up 1.8 times year on year....

Equinor's first-quarter net profit up 2.5 times

Norwegian oil and gas group Equinor (formerly Statoil) reported net profit of $4.714 billion in the first quarter of 2022, 2.5 times higher than in the same period last year, the company says. Diluted earnings per share were $1.46, compared with $0.57 a year earlier. Revenue rose 2.2 times to...

European Climate Group Says Enough Nickel, And Lithium Available To Power 14 Mln EVs In 2023

According to data, there will be enough nickel and lithium to make up to 14 million electric cars (EVs) globally in 2023, thus Europe should acquire more raw materials to accelerate the transition away from oil, according to advocacy organisation Transport and Environment (T&E).  ...

Supply Chain Disruptions Sought To Be Negated By Startups Using Apply Artificial Intelligence

A succession of unanticipated occurrences has thrown global supply systems into disarray during the last two years. Coronavirus, the Ukraine conflict, Brexit, and a container ship stuck in the Suez Canal have all conspired to cause delays in the delivery of anything from bicycles to pet food....

Chinese Sinovac's profit grows 78 times in one year

Sinovac, a Chinese vaccine company, saw its net profit climb 78 times in 2021. Bloomberg reports this, citing the company's financial report. The company's sales were estimated to be over $14.5 billion, according to the paper. The figure was $185.2 million in 2020. The increase in net profit was...

Qantas Is Betting On Nonstop Service Between Sydney And London

After acquiring a dozen special Airbus planes, Qantas Airways will fly non-stop from Sydney to London, charging higher rates in a multi-billion dollar wager that passengers will pay a premium to save four hours on the popular route.   The flights, which are expected to begin in late 2025,...

From Pennsylvania To France, Organic Hens Are Being Quarantined Due To Bird Flu

Chickens that are organic and free-range have been placed under quarantine.   According to egg producers and industry organisations, egg-laying hens that ordinarily have access to the outdoors may no longer roam freely or feel the sun on their beaks because some U.S. and European farmers...

Microsoft buys Activision Blizzard

Activision Blizzard, one of the major video game publishers, said in a statement that its shareholders had accepted a proposal to buy the company from Microsoft for almost $70 billion. According to a press release, "At a special meeting of Activision Blizzard shareholders held earlier today,...

Component Shortages Are Expected By Samsung Electronics To Persist In H2 Despite Strong Server Chip Demand

Samsung Electronics Co Ltd said on Thursday that it expects strong demand for high-margin memory chips in data centres to continue in the second half, but that component shortages would likely persist.   According to the world's leading memory chip and smartphone manufacturer, underlying...
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