Vonovia Issues AGM Statement – Quick Facts

Maruti Suzuki hikes model prices by up to ₹ 22,500 to offset rise in input costs

The new prices are effective from Friday, MSI said.

The country’s largest carmaker Maruti Suzuki India (MSI) on Friday said it has hiked prices of most of its models by up to ₹ 22,500 with immediate effect to partially offset the impact of the rise in input costs.

Barring Celerio and Swift, all the models of the company will be covered under the price increase exercise.

"The company is increasing the price for select models owing to increase in various input costs," the auto major said in a regulatory filing.

The weighted average price increase in ex-showroom prices (Delhi) across models is 1.6 %, it added.

The new prices are effective from Friday, MSI said.

The company sells various models ranging from Alto to S-Cross, priced between ₹ 2.99 lakh and ₹ 12.39 lakh (ex-showroom Delhi).

In March, the car market leader had said that over the past year, the cost of the company’s vehicles has been impacted adversely due to an increase in various input costs.

On January 18 this year, the automaker had announced to hike prices of select models by up to ₹ 34,000 due to a rise in input costs.

UK population grew 0.5% to 67.1 million by mid-2020

FILE PHOTO: A newborn baby is seen in the maternity ward at Frimley Park Hospital in Surrey, Britain, May 22, 2020. Steve Parsons/Pool via REUTERS

LONDON (Reuters) – Britain’s population grew by 0.5% to 67.1 million by the middle of 2020, up from 66.8 million in mid-2019, the Office for National Statistics said on Friday.

The ONS said the provisional population growth estimate was “marking one of the smallest increases seen in the context of historical trends”.

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The Bank of New York Mellon Corp. Q1 Income Drops

The Bank of New York Mellon Corp. (BK) released a profit for first quarter that fell from the same period last year.

The company’s profit totaled $858 million, or $0.97 per share. This compares with $944 million, or $1.05 per share, in last year’s first quarter.

Analysts had expected the company to earn $0.87 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 4.6% to $3.92 billion from $4.11 billion last year.

The Bank of New York Mellon Corp. earnings at a glance:

-Earnings (Q1): $858 Mln. vs. $944 Mln. last year.
-EPS (Q1): $0.97 vs. $1.05 last year.
-Analysts Estimate: $0.87
-Revenue (Q1): $3.92 Bln vs. $4.11 Bln last year.

CPI Aerostructures Turns To Profit In Q4; Sees Growth In FY21 Results

CPI Aerostructures, Inc. (CVU) reported Friday that its fourth-quarter net income was $1.3 million, compared to last year’s net loss of $1.4 million. Earnings per share were $0.11, compared to loss per share of $0.12.

Gross profit grew to $4.6 million from prior year’s $2.5 million. Gross margin of 18.2 percent improved from 10.9 percent a year ago.

Revenue for the quarter grew 11.9 percent to $25.4 million from $22.7 million last year. Revenue from military contracts increased 13 percent while revenue from commercial aviation contracts was essentially flat from last year.

Douglas McCrosson, president and CEO of CPI Aero, said, “During the back half of 2020, the seeds of our defense-oriented business development strategy began to bear fruit as a number of newer defense programs ramped up, driving revenue growth from defense contracts and margin gains. With several of these programs moving into production in 2021, we expect to sustain momentum in the business.”

Looking ahead, the company said the positive momentum along with a funded backlog of $170 million boosts its confidence in its outlook for higher revenue, operating income and operating cash flow in 2021 compared to 2020.

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Vonovia Issues AGM Statement – Quick Facts

Vonovia (DAIMF) said the company is expecting good business performance to continue in 2021, and planning for a turnover increase to between 4.9 and 5.1 billion euros. At the AGM, the company’s proposal for the dividend is 1 euro and 69 cents per share. This is around 8 percent more than last year.

At the AGM, the company will submit the new remuneration system for the Management Board for shareholder approval. The shareholders will be asked to approve the renewal of the authorized capital and to permit issuing convertible bonds and similar instruments.