IG Group Q3 Revenue Soars 65%

Kawasaki launches BS6 Ninja 300

The BS6 Kawasaki Ninja 300 has been launched at ₹3.18 lakh (ex-showroom, India). It features updated graphics along with revisions made to meet the stricter emission norms.

Starting with the cosmetics, Kawasaki hasn’t made any changes to the overall design, with the only update being new colour schemes.

The Ninja 300 continues to be powered by a 296cc, parallel-twin liquid-cooled engine with peak output figures of 39hp at 11,000rpm and 26.1Nm at 10,000rpm. This engine is paired to a 6-speed transmission and gets a slipper clutch as standard.

Bajaj launches new Platina 110, Platina 100 electric start

Bajaj has launched two new Platina models — the electric start-equipped version of the Platina 100 at ₹ 53,920, and the new Platina 110 that features a single-channel ABS, at ₹ 65,926. The Platina 100 is powered by a 102cc, single-cylinder engine that makes 7.9hp and 8.3Nm of torque. This engine comes paired to a 4-speed (all-down) gearbox. The Platina 110 is powered by a 115.45cc, single-cylinder, fuel-injected engine that produces peak output figures of 8.6hp and 9.81Nm of torque paired with a 5-speed gearbox.

Tata Tiago XTA launched

Tata has launched the new Tiago XTA priced at ₹ 5.99 lakh (ex-showroom, Delhi). The new AMT variant costs about ₹ 50,000 more than its manual counterpart, the XT, and is positioned below the already available XZA variant.

Compared to its manual counterpart, the XTA gets all the same equipment including dual airbags, ABS, day-night rear-view mirror, rear parking sensors with a display, Harman-sourced audio system with bluetooth and USB connectivity, steering-mounted controls, manual AC, LED digital instrument readout and front and rear power windows. The only point of difference between the two variants is the gearbox — the 86hp, 1.2-litre petrol unit is paired with a 5-speed AMT unit in the XTA.

WPP Group FY20 Headline Pretax Profit Declines – Quick Facts

WPP Group PLC (WPP.L,WPPGY) reported a loss before tax of 2.79 billion pounds for fiscal 2020 compared to profit of 1.21 billion pounds, prior year. Loss per share was 243.2 pence compared to profit of 68.2 pence. Headline profit before tax was 1.04 billion pounds, down 23.6 percent. Headline earnings per share was 59.9 pence compared to 78.1 pence.

Fiscal year revenue from continuing operations was 12.00 billion pounds, down 9.3 percent from prior year. Revenue less pass-through costs declined 10 percent to 9.76 billion pounds. Revenue less pass-through costs was down 8.2 percent on a like-for-like basis.

The Group reiterated its guidance for 2021. Like-for-like revenue less pass-through costs growth is projected of mid-single-digits percentage, returning to growth in second quarter.

The Group expects recovery to 2019 revenue less pass-through costs levels by 2022. From 2023, the Group anticipates 3-4% annual growth in revenue less pass-through costs, including M&A benefit of 0.5-1.0% annually.

The Board proposed a final dividend for 2020 of 14.0 pence per share, which together with the interim dividend paid in November 2020 gives a full-year dividend of 24.0 pence per share.

Hugo Boss Slips To Loss In Q4 – Quick Facts

German luxury fashion brand Hugo Boss AG (HUGSF.PK) reported that its fourth quarter net loss was 19 million euros or 0.30 euros per share compared to net income 60 million euros or 0.87 euros per share in the same quarter last year.

Sales for the quarter declined to 583 million euros from 825 million euros in the prior year.

The company currently expects Group sales and EBIT in fiscal year 2021 to be well above the prior-year level.

The company expects that particularly the first quarter of 2021 will still be significantly impacted by the negative implications of the pandemic. At the same time, HUGO BOSS is confident that the global retail environment will gradually improve over the course of 2021, starting with the second quarter.

Trump endorses Rep.-elect Luke Letlow’s widow in special election

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Former President Trump on Wednesday endorsed Julia Letlow, the widow of Rep.-elect Luke Letlow, to run for his seat and represent Louisiana’s 5th Congressional District.

Luke Letlow, 41, died from complications of COVID-19 late last year just days before he was due to be sworn into office. He died from a heart attack following a medical procedure at LSU Health Shreveport to remove a blood clot blamed on the virus.

Julia Letlow
(campaign)

The Hill reported that Trump called Julia Letlow a candidate who is “Pro-Life and strong on Crime, the Border, loves our Military, our Vets, and will always protect our cherished Second Amendment.”

The news site said she is currently an executive at the University of Louisiana-Monroe. The report said that the special election is scheduled for March 20.

IG Group Q3 Revenue Soars 65%

IG Group Holdings plc (IGG.L) reported a 65% surge in third-quarter revenue, driven by a combination of sustained elevated levels of trading from IG’s existing clients and continued high levels of client acquisition with a record 230,100 clients active in the quarter, representing growth of 60% year over year and 11% on Q2 FY21.

The company’s third-quarter revenue was £230.3 million compared to £139.8 million generated in the prior year period.

Third-quarter revenue in the Core Markets was £192.7 million, up 67% from the previous year’s £115.7 million, with active clients reaching 191,700. Revenue in the Significant Opportunities portfolio was £37.6 million, up 55% on the prior year period’s £24.2 million. This was largely driven by a 50% growth in the number of active clients to 40,100 versus 26,700 reported last year.

June Felix, Chief Executive Officer, said, “I am delighted with the excellent results and progress we have made towards delivering on our strategic goals. The continued performance from the Significant Opportunities portfolio has been remarkable, and we anticipate substantially achieving the revenue target of £160 million one year ahead of plan. The Group is also continuing to grow the size of its high quality and loyal client base which represents a long-term asset to the Group…”