Vesuvius Issues Trading Update; Now Sees FY EBITA At Top End Of Range Of Analysts’ View
Vesuvius plc (VSVS.L) said the Group now expects to report a trading profit or EBITA for the first half period of 127.4 million pounds. The Group said its trading for the months of May and June remained stronger than anticipated.
Looking forward, Vesuvius plc noted that its expectations for trading in the second half of the year, including a material drop in volume compared to first half and challenging cost inflation, remain broadly unchanged. As a result, Vesuvius now expects full year Group trading profit or EBITA to be towards the top end of the range of current analysts’ expectations.
AstraZeneca: Enhertu Gets Priority Review In The US
AstraZeneca and Daiichi Sankyo said the supplemental Biologics License Application of Enhertu have been granted priority review for the treatment of adult patients in the US with unresectable or metastatic HER2-low breast cancer who have received a prior therapy in the metastatic setting. The FDA action date for the regulatory decision is during the fourth quarter of 2022.
The companies noted that the Priority Review follows receipt of Breakthrough Therapy Designation in the US in April 2022 in metastatic HER2-low breast cancer.
Enhertu is being jointly developed and commercialised by AstraZeneca and Daiichi Sankyo.
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Telefonica To Sell 45% Stake In Bluevia To Consortium For €1.02 Bln – Quick Facts
Spanish telecom major Telefonica SA (TDE.L,TEF) announced Monday that a consortium formed by Crédit Agricole Assurances and Vauban Infrastructure Partners agreed to buy 45% stake in Bluevia, a neutral FTTH wholesale provider in Spain, for 1.02 billion euros. The transaction values Bluevia at 2.50 billion euros.
The companies have reached an agreement to set up Bluevia Fibra, S.L., a platform for the commercialization and deployment of a fibre network or FTTH in Spain, mainly in rural areas and with limited overlap with other networks.
The transaction is subject to obtaining the corresponding authorizations from the regulatory authorities and the closing is expected by the end of 2022.
Upon completion of the deal, Telefónica Group will retain control of Bluevia with a 55% stake, which will be held by Telefónica España and Telefónica Infra, with 30% and 25% stakes respectively. Bluevia will be a neutral wholesale operator with Telefónica España as anchor client.
Crown Prince Recalls Smoked Baby Clams In Olive Oil
Crown Prince, Inc. is recalling certain smoked baby clams in olive oil citing the presence of detectable levels of per- and polyfluoroalkyl substances or PFAS Chemicals, the U.S. Food and Drug Administration said.
The recall involves 3 oz. canned Crown Prince Natural Smoked Baby Clams in Olive Oil with UPC – 0 73230 00853 5. The recall product is from China, and was distributed nationwide to natural food stores, grocery stores and online retailers.
The recall was initiated after the FDA testing found detectable levels of PFAS, which are a diverse group of human-made chemicals used in a wide range of consumer and industrial products.
PFAS do not easily break down and some types have been shown to accumulate in the environment and in human bodies.
The agency noted that the exposure to certain types of PFAS have been linked to serious health effects. These include increased cholesterol levels, increases in high-blood pressure, pre-eclampsia in pregnant women, developmental effects, decreases in immune response, changes in liver function, and increases in certain types of cancer, among others.
However, the company has not received any report of illnesses from the product to date.
Consumers are urged to return the recalled product to the place of purchase for a full refund.
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Ryanair Turns To Profit In Q1
Ryanair Holdings (RYA.L,RYAAY) reported first quarter profit after tax, pre-exceptionals, of 170 million euros, compared to a loss of 273 million euros, prior year. Profit per share, in euro cent, was 16.53 compared to a loss of 24.16.
IFRS profit to equity holders of parent was 187.5 million euros compared to a loss of 272.6 million euros, last year. Profit per share was 0.1646 euros compared to a loss of 0.2416 euros.
Total revenues increased by 600% to 2.6 billion euros. Traffic recovered to 45.5 million from 8.1 million. Scheduled revenues increased by 721% to 1.58 billion euros. The Group noted that Russia’s invasion of Ukraine in Feb. damaged Easter bookings and fares.
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What’s on TV This Week: ‘Irma Vep’ and ‘Riverdale’
A mini-series from Olivier Assayas wraps up on HBO. And the long-running CW show based on the Archie comics ends its penultimate season.
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By Shivani Gonzalez
Krispy Kreme Unveils Ice Cream Truck Doughnuts
Krispy Kreme has partnered with ice cream brand Good Humor and Popsicle, the iced dessert brand owned by Unilever USA, to transform iconic ice cream truck treats into doughnuts of the season.
Beginning today, three all-new treats will be available for a limited time at participating shops across the United States.
The new doughnuts are inspired by summertime favorites from Good Humor and Popsicle.
Popsicle Firecracker Inspired Doughnut is an Original Glazed doughnut with icing inspired by Popsicle Firecracker, and dipped in blue raspberry sugar. It is then topped with dollops of flavored Kreme inspired by Popsicle Firecracker.
Further, Vanilla King Cone Inspired Doughnut is filled with vanilla custard Kreme, dipped in chocolate icing, and topped with a blend of sugar cone pieces and chopped peanuts with a drizzle of chocolate icing.
Creamsicle Inspired Doughnut is filled with vanilla custard Kreme, with icing inspired by Creamsicle and topped with a drizzle of white icing and mini sprinkles.
The company also offers Creamsicle Inspired Chiller, a Creamsicle inspired frozen beverage made with a creamy frappe base & orange flavoring.
Dave Skena, Global Chief Brand Officer for Krispy Kreme, said, “Should a doughnut really taste like a Creamsicle? Yes. Yes it should. And we didn’t stop there as we doughnutized some of America’s favorite frozen treats this summer.”