Mass brawl breaks out inside Liverpool gym
A brawl at a gym in Merseyside left one man needing hospital treatment for a head injury. The police were called to reports of a fight at a branch of Everlast Gym in Aintree, Merseyside, at about 10.25am this morning (February 28).
More to follow…
GEA Group FY22 Profit Rises; Organic Revenue Growth At 8.9%
GEA Group AG (GEAGF.PK,GEAGY.PK) reported that its fiscal 2022 profit increased 31.5 percent to 401.4 million euros. Earnings per share was 2.28 euros compared to 1.70 euros. Earnings per share before restructuring expenses improved to 2.58 euros from 1.99 euros. EBITDA before restructuring expenses climbed 14 percent to 712 million euros. EBITDA margin increased by 0.5 percentage points to 13.8 percent.
Order intake rose by 8.7 percent to 5.68 billion euros. Organic growth stood at 7.6 percent. Revenue grew by 9.8 percent to 5.16 billion euros. The organic revenue growth was 8.9 percent.
For fiscal 2023, the company expects further organic revenue growth of more than 5 percent. EBITDA before restructuring expenses at constant exchange rates is anticipated to be in a range between 730 million euros and 790 million euros. EBITDA margin before restructuring expenses is forecast to increase further to above 13.8 percent. GEA expects ROCE to be at least 29 percent at constant exchange rates.
GEA has confirmed the medium-term targets set out in the Mission 26 growth strategy presented in September 2021.
A dividend of 0.95 euros per share will be proposed to the Annual General Meeting – 5 cents more than in the previous year.
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JPMorgan Emerging Markets Investment Trust Posts HY Net Return Of GBP 15.57 Mln
JPMorgan Emerging Markets Investment Trust Plc. (JMG.L) reported that its net return after taxation for six months ended 31st December 2022 was 15.57 million pounds or 1.33 pence per share compared to a negative net return of 69.17 million pounds or 5.85 pence per share in the prior year.
On a revenue basis, net return after taxation for the six months to 31st December 2022 was 7.47 million pounds compared to 4.44 million pounds in the prior year.
The Board has declared an interim dividend of 0.58 pence, representing growth of 11.5%, to be paid on 25th April 2023 to shareholders on the register at the close of business on 17th March 2023. The ex-dividend date will be 16th March 2023.
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House Ethics panel launches investigation into New York Rep. George Santos over alleged misconduct – The Denver Post
WASHINGTON (AP) — House Ethics panel launches investigation into New York Rep. George Santos over alleged misconduct.
Ukrainians of Colorado Rally in Support for Ukraine in Downtown Denver
Nearly two hundred supporters gathered at the Colorado State Capitol in downtown Denver to protest Russia and stand in solidarity for Ukraine on Saturday, February 25, 2023.
Greggs PLC FY22 Profit Rises, Lifts Dividend; Says Confident Of Outlook
British bakery chain Greggs PLC (GRG.L) reported Tuesday that its fiscal 2022 pre-tax profit increased 1.9 percent to 148.3 million pounds from last year’s 145.6 million pounds.
Earnings per share were 117.5 pence, up from 114.3 pence last year.
Total sales grew 23 percent to 1.51 billion pounds in 2022 from last year’s 1.23 billion pounds. Within this, company-managed shop like-for-like sales were 17.8 percent higher than in 2021.
Further, the company said its Board intends to recommend at the AGM a final dividend of 44.0 pence per share, up from 42 pence last year. This gives a total ordinary dividend for the year of 59.0 pence, higher than last year’s 57.0 pence.
Regarding the current trading, Greggs said its like-for-like sales in company-managed shops went up 18.8 percent in the first nine weeks of 2023, in line with expectations and reflecting the impact of Omicron in the comparator period.
Looking ahead, Greggs said it is confident in prospects for 2023, and the medium-term opportunity to become a significantly larger multichannel business
Matt Davies, Chair, said, “Despite the current inflationary pressures, we have a clear strategy and robust financial position underpinning our plans for long-term growth. We remain confident in the long-term potential of our business.”
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Ashtead Group Q3 Earnings, Revenue Improve
Ashtead Group Plc (AHT.L), a British industrial equipment rental firm, on Tuesday reported an increase in earnings for the third-quarter, amidst a rise in revenue, helped by good performance across the geographies, and a higher rental income.
For three-month period, the London-headquartered the company posted a pre-tax income of $505 million, higher than $393 million last year.
Excluding items, pre-tax earnings were at $535 million as against previous year’s $427 million.
Adjusted earnings per share moved up to 91.9 cents from last year’s 72.7 cents per share.
Income per share stood at 86.9 cents, higher than 66.9 cents of previous year quarter.
Operating profit improved to $609 million from $449 million of a year ago.
EBITDA was at $1.092 billion as against last year’s $877 million.
Rental revenue increased to $2.189 billion from $1.815 billion of 2022.
The Group generated revenue of $2.427 billion, compared with $2 billion of last year period.
For full year, Ashtead now expects capital expenditure of $3.5 billion – $3.7 billion against its previous outlook of $3.3 billion – $3.6 billion.
Looking forward to 2023-24, the company said: “…Our initial plans are for gross capital expenditure of $4.0 – 4.4bn, of which, US rental capital expenditure is $3.0 – 3.3bn. This should enable mid-teens rental revenue growth in the US.”