Mitchells & Butlers FY21 Loss Narrows, 8-week Sales Rise; Sees Return To Profit – Quick Facts

Oil Futures Settle Marginally Lower As Inventories Rise

Crude oil futures settled slightly lower on Wednesday after data showed a modest increase in U.S. crude stockpiles in the week ended November 19.

Investors continued to weigh the impact of an announcement from the U.S. that it would release 50 million barrels from the U.S. Strategic Petroleum Reserve. The U.S.’ decision came after OPEC+ producers repeatedly ignored calls for more crude output.

West Texas Intermediate crude oil futures ended down by $0.11 or 0.14% at $78.39 a barrel.

Brent crude futures settled at $82.25 per barrel, down $0.06 or 0.7% from the previous session.

Data from the Energy Information Administration (EIA) showed crude stockpiles in the U.S. increased by 1.017 million barrels last week, more than twice the expected increase.

The data showed gasoline inventories dropped by 603,000 barrels last week, more than an expected draw of 461,000 barrels.

Meanwhile, distillate stockpiles dropped by 1.968 million barrels in the week, nearly twice an expected drop of 1.002 million barrels.

The American Petroleum Institute reported late Tuesday that crude inventories in the U.S. rose by 2.31 million barrels in the week ending November 19.

Amber Alert issued for Ta-Kyrah Blackman, 13, feared to have been abducted

Aurora police have activated an Amber Alert for a missing 13-year-old girl.

Ta-Kyrah Blackman was last seen at 2 p.m. Tuesday on foot in the 300 block of North Joliet Street in Aurora. Investigators say she may have been abducted or enticed from her residence.

Blackman is described as 4 feet, 9 inches tall, weighing 150 pounds. She was last seen wearing a green and black sweater and white floral pajama bottoms.

Anyone with information about Blackman may call 911 or the Aurora Amber tipline at 303-627-5670.

Mountain Meadow Herbs Recalls Certain Candida Flush Supplement

Somers, Montana-based Mountain Meadow Herbs is recalling 54 bottles of Candida Flush supplement product citing risk of exploding bottle, the U.S. Food and Drug Administration said.

The affected Candida Flush bottles contain total 240 capsules per bottle. The product has the UPC 8 13086 01593 2, Lot #012001l Q, and Exp 12/22.

The recalled product was distributed to retailers in IN, MN, MT, NY, TN and in Ontario of Canada, and was sold directly to consumers in IN, KY, MN, MO, MT, NE, OH, PA, VA, and WI.

The recall was initiated following an internal investigation stemming from a customer complaint which revealed that the finished products were becoming pressurized over time. The company is continuing with its investigation to find the root cause of the issue.

Some bottles from the affected lot have become pressurized over time in storage. When opened, the product may forcefully expel air as well as portions of capsules and powder, causing sustaining injuries to customers’ hands and eyes, which may require medical attention.

However, no illnesses or serious injuries have been reported to date related to the recalled product.

Ranking the 7 games left on the Ravens’ schedule, from easiest to hardest | ANALYSIS – The Denver Post

7. Pittsburgh Steelers (Week 18 in Baltimore)

6. Pittsburgh Steelers (Week 13 in Pittsburgh)

5. Cleveland Browns (Week 12 in Baltimore)

4. Cincinnati Bengals (Week 16 in Cincinnati)

3. Cleveland Browns (Week 14 in Cleveland)

2. Green Bay Packers (Week 15 in Baltimore)

1. Los Angeles Rams (Week 17 in Baltimore)

Remy Cointreau H1 Profit Surges, Upgrades FY22 View – Quick Facts

French wine and spirits company Remy Cointreau (REMYF.PK) reported Thursday that first-half net profit attributable to the Group climbed 106.1 percent to 134.0 million euros from last year’s 65 million euros.

Earnings per share were 2.67 euros, up from 1.30 euros last year.

Adjusted net profit was 148.2 million euros or 2.95 euros per share, compared to 65.2 million euros or 1.31 euros per share last year.

Current operating profit grew 100.4 percent on a reported basis to 212.9 million euros. The current operating margin rose 8.3 percentage points to an all-time high of 33 percent.

Rémy Cointreau generated consolidated sales of 645.3 million euros in the first half, up 49.8 percent from 430.8 million euros last year. The growth was 52 percent on an organic basis.

The performance reflects continued excellent momentum in China and the United States as well as a strong recovery in Europe.

Looking ahead for financial year 2021-22, Rémy Cointreau anticipates strong organic growth in sales, mainly driven by performance in the first half.

On the back of stronger than expected first-half results, Rémy Cointreau is upgrading its full-year guidance and is now targeting very strong organic growth in Current Operating Profit. The company previously expected strong growth in current operating profit.

The company now expects to see an organic improvement in its current operating margin.

Mitchells & Butlers FY21 Loss Narrows, 8-week Sales Rise; Sees Return To Profit – Quick Facts

Mitchells & Butlers Plc (MAB.L,MLB), an operator of managed restaurants and pubs, reported Thursday that its fiscal 2021 loss before tax was 42 million pounds, narrower than last year’s loss of 123 million pounds.

Basic loss per share was 11.5 pence, compared to 23.6 pence a year ago.

Operating profit grew to 81 million pounds from prior year’s 8 million pounds. Total revenue declined to 1.07 billion pounds from 1.48 billion pounds a year ago. Like-for-like sales declined 9.6 percent impacted by Covid-19 related restrictions.

In the last eight weeks since the end of the financial year, total sales edged up 0.5 percent and like-for-like sales grew 2.7 percent.

The company noted that demand seen since re-opening supports a return to profitability and cash generation, even though uncertainty and challenges still remain.