Vale Reports Record Proforma Adjusted EBITDA For Q1 – Quick Facts
Vale (VALE) reported first quarter net income to shareholders of $5.55 billion compared to $239 million, a year ago. Earnings per share was $1.09 compared to $0.05. Proforma adjusted EBITDA increased to $8.47 billion from $3.04 billion. Proforma adjusted EBITDA was a record for a first quarter, with seasonally lower volumes partially offset by higher commodity prices. The company reported $5.847 billion in free cash flow from operations.
First quarter net operating revenues were $12.65 billion compared to $6.97 billion, previous year.
“I am confident that our positive financial results reflect our consistency in delivering our promises in de-risking Vale,” said Eduardo Bartolomeo, Chief Executive Officer.
AVEVA CEO Craig Hayman To Resign; Issues Trading Update – Quick Facts
AVEVA Group plc (AVV.L) said CEO, Craig Hayman, will leave the Group after the AGM in July. Peter Herweck will be seconded from Schneider Electric on request of the AVEVA Board to the role of AVEVA’s CEO, effective 1 May 2021. Peter is currently Executive Vice President, Industrial Automation of Schneider Electric. Peter has served on AVEVA’s Board since 2018, more recently as Vice Chairman.
Separately, AVEVA Group plc issued a trading update for the financial year ended 31 March 2021. On a standalone organic constant currency basis, AVEVA achieved double digit revenue growth during the second half of the year. This resulted in full year revenue being flat year-on-year.
AVEVA Group said, on an organic constant currency basis, OSIsoft grew revenue by a mid to high single digit percentage rate in the year ended 31 March 2021. Combined pro forma revenue for the enlarged Group grew by a low single digit percentage on an organic constant currency basis.
Lagardère: Publishing Revenue Up 14% In Q1 – Quick Facts
Lagardère reported first quarter revenue of 905 million euros, down 29.8 percent on a like-for-like basis. Revenue for Lagardère Publishing division was 509 million euros, up 11.6% as reported and up 13.9% like for like. Revenue for Lagardère Travel Retail division totalled 341 million euros, down 57.6% as reported and down 56.1% like for like.
At 31 March 2021, the Group’s liquidity was at 1.99 billion euros, comprising 890 million euros in cash and cash equivalents and 1.10 billion euros renewable credit facility, which remains entirely undrawn.
Nomura Q4 Loss Widens, Revenues Down – Quick Facts
Nomura Holdings Inc. (NMR), a Japanese financial holding company, reported Tuesday that its fourth-quarter net loss attributable to shareholders was 155.4 billion yen or $1.4 billion, compared to last year’s loss of 34.48 billion yen.
Loss per share was 50.78 yen, wider than loss of 11.31 yen a year ago.
Loss before income taxes was 166.1 billion yen or $1.5 billion, compared to loss of 24.72 billion yen a year ago.
Net revenue in the fourth quarter was 170.04 billion yen or $1.5 billion, down 28 percent from prior year’s 237.47 billion yen a year earlier. Net revenues fell 58 percent sequentially.
Retail reported fourth quarter net revenue of 96.8 billion yen was up 9 percent year on year. Asset Management net revenue of 36.6 billion yen jumped 5.2 times from last year.
In the full year, attributable net income fell 29.4 percent from last year to 153.1 billion yen or $1.4 billion. Net revenue was 1.40 trillion yen or $12.7 billion, an increase of 9 percent year on year.
The Wholesale performance was impacted by a loss of 245.7 billion yen arising from transactions with a US client.
Separately, Nomura announced that it has declared a dividend of 15 yen per share to shareholders of record as of the end of March 2021. The dividend will be paid on June 1.
West Virginia offers $100 savings bonds to some residents to get vaccinated
Marsha Blackburn: Biden’s agenda is not ‘for the people’
Tennessee Republican says the president’s ‘leftist’ agenda ‘punishes’ the American people on ‘Fox Business Tonight.’
Gov. Jim Justice, the West Virginia Republican, announced Monday that the state will give out $100 savings bonds to every state resident between 16 and 35 who gets vaccinated from COVID-19.
"Our kids today probably don’t really realize just how important they are in shutting this thing down," Justice said at a press conference. "I’m trying to come up with a way that’s truly going to motivate them—and us—to get over the hump."
VARNEY: WELCOME TO 'TAX THE RICH WEEK'
WVNews.com reported that Justice will pay for the program by using some of the federal stimulus funds the state received. The report said Justice found savings bonds appealing because they are not just a "dash in the pan and a couple of trips to Wendy’s with your friends."
The plan is retroactive, so residents within the age group who’ve already received the vaccine will be eligible.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
A statement from his office said the goal is for the state to reach 70% of its population vaccinated. So far, about 52% of the state’s 1.47 million received their first jab, and demand has been slowing.
Mediaset bidding for controlling stake in France's M6, CFO says
MILAN (Reuters) – Mediaset is one of the bidders for Bertelsmann’s controlling stake in French group M6, the Italian broadcaster’s chief financial officer said on Tuesday, confirming what sources previously told Reuters.
Other bidders for the stake include Mediaset’s second-biggest shareholder, French media group Vivendi <VIV.PA, and Bouygues, sources have said.
Hyundai Unveils All-new KONA N With SUV Body Style
Hyundai Motor Company (HYMLF.OB,HYMTF.OB) unveiled the all-new KONA N, the latest addition to Hyundai’s N lineup. The company said the all-new KONA N is its first ‘True Hot SUV’ possessing racetrack capability and the versatility of a utility vehicle.
Thomas Schemera, Executive Vice President and Head of Customer Experience Division at Hyundai Motor Company, said: “Our continuously growing and more balanced N portfolio will open new high-performance options, delivering the ‘grin factor’ no matter what the propulsion technology or body type may be.”
Hyundai Motor is expanding the N and N Line lineup to 18 models through 2022. The company also introduced a new brand claim, ‘Never just drive’.