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Folks walks past a Beneath Armour clothes retailer in Siam Heart, Bangkok.
Guillaume Payen | SOPA Pictures | LightRocket | Getty Pictures
Beneath Armour on Tuesday reported fiscal 2d-quarter revenue and sales that topped analysts’ estimates as its turnaround efforts took gather and customers sold extra of its merchandise at fat price.
The athletic apparel and footwear retailer has developed its enterprise to depend much less on discounters and shops and extra on its gather shops and online.
Beneath Armour raised its fat-twelve months outlook, looking at for that even better momentum will dangle. It expects fiscal 2021 revenue to upward push at a low-20s percentage, in comparison with a outdated forecast of a high-teen percentage enhance.
“Beneath Armour is a high instance of an organization that primitive a ‘Covid-Quilt’ to refashion its enterprise for multi-twelve months success and return to under-promising and over-handing over, suggesting that nowadays’s steering hike would possibly perchance furthermore fair successfully explain conservative,” BMO Capital Markets analyst Simeon Siegel said.
Beneath Armour shares jumped 6.3% in premarket trading.
Here’s what Beneath Armour reported for the three-month duration ended June 30, in comparison with what Wall Dual carriageway became once looking ahead to, in step with a gaze of analysts by Refinitiv:
- Earnings per share: 24 cents adjusted vs. 6 cents expected
- Income: $1.35 billion vs. $1.21 billion expected
In the quarter ended June 30, Beneath Armour swung to a revenue of $59.2 million, or 13 cents per share, from a loss of $182.9 million, or 40 cents per share, a twelve months earlier. Except one-time charges, the corporate earned 24 cents per share. Analysts surveyed by Refinitiv had been attempting to search out 6 cents.
Income climbed 91% to $1.35 billion from $707.6 million a twelve months earlier, beating estimates for $1.21 billion.
Gross sales in North The US, its good discipline, rose 101% twelve months over twelve months to $905 million, whereas world revenue doubled to $446 million.
Wholesale revenue grew 157% to $768 million, and boom-to-user revenue elevated 52% to $561 million, the corporate said. E-commerce sales represented 39% of Beneath Armour’s boom-to-user enterprise sooner or later of the quarter.
Beneath Armour’s apparel segment became once up 105%, as customers sold clothes to sweat on the gym or return to group sports actions as coronavirus restrictions eased. Shoes sales gather been up 85% from a twelve months earlier. Accessories revenue became once up 99%.
“I imagine this twelve months sets a sturdy basis that positions us successfully for our next chapter of successful growth,” CEO Patrik Frisk said in a press launch.
With expectations of larger sales, Beneath Armour initiatives earnings at 14 cents to 16 cents per share this twelve months. Previously, the corporate expected to put up a loss of two cents to 4 cents a share.
After adjusting for one-time objects, Beneath Armour said this can originate 50 cents to 52 cents per share, in comparison with a outdated forecast of 28 cents to 30 cents per share.
Analysts surveyed by Refinitiv had been attempting to search out fat-twelve months adjusted earnings per share of 35 cents on sales of $5.35 billion, which would represent twelve months-over-twelve months revenue growth of 19.5%.
Beneath Armour shares gather rallied about 23% twelve months to date. The corporate has a market cap of $9.65 billion.
WATCH: Beneath Armour CEO Patrik Frisk will appear on CNBC’s “Closing Bell” Tuesday exclusively in the 3 p.m. hour.


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Watch this Ford enthusiast take delivery of his California Route 1 Mach-E in Dallas
For a lucky few people who ordered a Ford Mustang Mach-E hoping it would arrive before the end of the year, their Christmas gifts have come a little late. But in a case of better late than never, according to Sam Pack's Five Star Ford dealership in Dallas, Texas, the first official delivery of the much-anticipated electric SUV took place yesterday. With rumors circulating for the last few months that models would arrive in December this year, the month had all but passed without word of actual deliveries occurring. Now, Stephen Engro, a Ford enthusiast, can be seen taking delivery of his new ride: the first Mustang Mach-E in the US.
On the other side of the world, deliveries in Europe have kicked off, too, with pictures shared of wrapped Mach-E's arriving in Belgium. This follows social media prompts that deliveries in America were imminent, with Director of Ford North America Communications, Said Deep, tweeting earlier this month that Mach-E cars were 'charged up and on their way'.
While some concerns were noted about the lack of equipment available in US dealers to repair the electric SUV, forums and social media have been abuzz with excitement about impending deliveries, regardless.
While numerous owners had posted their orders in online forums noting they had received communications from the Blue Oval that their vehicle was in production, the timeline for delivery remained uncertain. Now, Sam Pack's Five Star Ford dealership proudly shared pictures of the California Route 1 Mach-E, flanked by Engro's 1965 Mustang Convertible and his 2015 California special GT, all three dressed in elegant white paint.
The Route 1 model depicted here offers 290 hp and 317 lb-ft of torque, and has a targeted EPA estimate of around 300 miles of range. This iteration also shows off the panoramic fixed-glass roof which is standard on this trim - and a particularly happy new owner.

domain: news


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John Pecman on why it’s time to beef up the Competition Bureau he led.
Former Competition Bureau commissioner John Pecman notes a federal election is looming: ‘What better way of targeting the middle class or consumers than saying there’s going to be a review of the Competition Act, given the growing concern about corporate concentration?’
Canadians like to believe they live in one of the most sophisticated free-market economies in the world. Don’t tell that to John Pecman. Until May of last year, Pecman was commissioner of the Competition Bureau, the agency responsible for enforcing laws against anti-competitive practices in the Canadian marketplace.
After he stepped down in September 2018, he published an article in the Canadian Competition Law Review that called for reforms to give the bureau more power to check corporate concentration, including added independence by separating it from the Ministry of Innovation, Science and Economic Development.
In a phone interview with The Tyee last week, Pecman elaborated, saying that federal laws governing corporate competition reflect Canada’s outdated view of itself as primarily a resource exporter and otherwise unable to compete with the big U.S. economy next door.
This led to laws favouring corporate consolidation in the name of “efficiency” over promoting competition or the interests of consumers.
…When it comes to not just studying market concentration but moving to break it up, says Pecman, Canada is “so far behind other western economies on this front. The fact that the country does not treat competition policy seriously is just a great disappointment to someone who has spent his entire life working in this area.” MORE


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- Oil & Gas
- 1 min read
Maharashtra may hike fuel prices, says All India Petroleum Dealers Association
Ali Daruwalla, spokesperson, AIPDA, said, "The burden of Rs 28,000 crore will be passed on to consumers by hiking fuel prices as the coffers of the state government are almost empty.
Ali Daruwalla, spokesperson, AIPDA, said, "The burden of Rs 28,000 crore will be passed on to consumers by hiking fuel prices as the coffers of the state government are almost empty. Petrol and diesel will rise by about 97 paise and 87 paise respectively at an all-India level due to the increase in dealer remuneration. Fuel price hike in the state is expected to be higher, following the farmer loan waiver declaration in state."
The AIPDA had called for a nation-wide protest on July 14 demanding a hike in dealer remuneration. Arvind Thakkar, senior vice-president, AIPDA, said an official notification from oil marketing companies is yet to come on the all-India increase in prices of petrol and diesel. "Oil marketing companies are currently discussing how to implement the latest increase in dealer remuneration as well as the possible increase in retail prices of petrol and diesel," he said.
Daruwalla said it has been observed in the past that the state government uses petroleum products to make up for the loss in revenue.
"When the state government wants it can levy surcharge on petroleum products and make up for the deficit. Our association feels that the State Assembly might any time now increase the prices of petrol and diesel by another Rs 2 per litre to compensate for the farmers' loan waiver, clubbing the same with the dealers' commission increase," he added.


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Hate speech and other illegal content on the Internet must be deleted more quickly in the European Union in the future.
Negotiators from the European Parliament and the EU states agreed early on Saturday morning in Brussels on a law on digital services (Digital Services Act, DSA), which is intended to ensure stricter supervision of online platforms and more consumer protection.
The last round of negotiations took a full 16 hours.
EU Commission President Ursula von der Leyen then spoke of a historic agreement.
"Our new rules will protect online users, ensure freedom of expression and open up new opportunities for companies." This is a strong signal for people, companies and countries around the world.
War propaganda is also an issue
Among other things, the DSA should ensure that illegal content such as hate speech is removed from the Internet more quickly, harmful disinformation and war propaganda is shared less and fewer counterfeit products are sold on online marketplaces.
The basic principle is: What is illegal offline should also be online.
Providers of digital services should benefit from legal certainty and uniform rules in the EU.
Large platforms with at least 45 million users have to follow significantly more rules than smaller ones.
Saturday's agreement has to be confirmed again by the European Parliament and the EU states.
This is considered a formality.
Offensive against Big Tech
However, Pirates MP Patrick Breyer was disappointed with the result.
"The new set of rules does not deserve the name "Digital Basic Law" as a whole, because the disappointing deal often fails to protect our fundamental rights on the Internet," said Breyer.
Martin Schirdewan from Die Linke, on the other hand, emphasized: "Through far-reaching transparency obligations, the DSA opens the black box of the algorithms of the online platforms." Alexandra Geese (Greens) said: "Europe is also going on the offensive against the superiority of Big Tech companies."
The DSA is part of a large digital package proposed by the EU Commission in December 2020.
The second part is the Digital Markets Act (DMA), which was agreed at the end of March.
Above all, the DMA is intended to restrict the market power of tech giants such as Google and Facebook with stricter rules.
In Germany, the Network Enforcement Act (NetzDG) to combat crime and hate speech on the Internet is already in force.
This should be largely replaced by the DSA.Keywords:


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"Mayor Mike" is suddenly all about checking in.
It's a long way from New York City's next mayoral election in 2013, but Mayor Mike Bloomberg's recent nods and winks towards Foursquare users sure looks like a good way to easily build "cool" equity with young voters. Foursquare and Bloomberg said today that users of the geo-social platform can now "follow" the mayor.
"Mayor Mike," as he likes to be called, checked into City Hall yesterday for the 61st time and announced on Twitter that he was the Foursquare mayor of that location. Bloomberg on April 14 participated in "Foursquare Day," along with the mayors of 13 other U.S. municipalities. The three-term mayor even stopped by Foursquare's New York offices the day before and chatted with CEO Dennis Crowley for roughly 40 minutes.
Whether Bloomberg runs for office again or not, his newfound interest in location-based communications underscores how the political sector appears to be awakening to the medium.
For instance, Florida's Charlie Crist, then a U.S. Senate hopeful, and Texas Governor Rick Perry tested Foursquare competitor Gowalla as a campaign tool last year. Perry won reelection and has since collected 32 Gowalla stamps on the geo-social app. Crist lost his bid, but it wasn't because his team failed to innovate. It used Gowalla's custom stamp during rallies, fundraisers, town hall meetings, or other campaign trail events.
In addition, Republican digital shop Engage last year began offering politicians its Multiply product. While not exactly a check-in service, it borrows from mobile-centric loyalty programs to build community and inspire activism for door-to-door canvassing, fundraising events, get-out-the-vote efforts, and other key activities driving political campaigns. Its tools let campaigns attach a system for awarding prize points and badges to their sites, and connect with Facebook's social graph to encourage sharing among supporters' social networks.
Join the Industry's Leading eCommerce & Direct Marketing Experts in Chicago
ClickZ Live Chicago (Nov 3-6) will deliver over 50 sessions across 4 days and 10 individual tracks, including Data-Driven Marketing, Social, Mobile, Display, Search and Email. Check out the full agenda and register by Friday, Oct 3 to take advantage of Early Bird Rates!
Christopher Heine was a senior writer for ClickZ through June 2012. He covered social media, sports/entertainment marketing, retail, and more. Heine's work has also appeared via Mashable, Brandweek, DM News, MarketingSherpa, and other tech- and ad-centric publications. USA Today, Bloomberg Radio, and The Los Angeles Times have cited him as an expert journalist.
IBM Social Analytics: The Science Behind Social Media Marketing
80% of internet users say they prefer to connect with brands via Facebook. 65% of social media users say they use it to learn more about brands, products and services. Learn about how to find more about customers' attitudes, preferences and buying habits from what they say on social media channels.
An Introduction to Marketing Attribution: Selecting the Right Model for Search, Display & Social Advertising
If you're considering implementing a marketing attribution model to measure and optimize your programs, this paper is a great introduction. It also includes real-life tips from marketers who have successfully implemented attribution in their organizations.
September 30, 2014
1:00pm ET/10:00am PT
October 23, 2014
1:00pm ET/10:00am PT


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Developers are currently working on porting YouTube Music onto the Wear OS 2.0, which will give people access to over 40 million songs with just one swipe of their wrist. Additionally, you can toggle between your watch and phone app without interrupting playback.
The “youtube music wear os 2” is a YouTube Music app that has been developed by an unknown developer. The app is currently available for download on the Google Play Store.
When Google announced that the YouTube Music app will be available on Wear OS 3 watches, it was sad news for all current Wear OS customers. Users who have smartwatches running Wear OS 2.0 have been removed off the list, and the software has only been released for OS 3. It is now only available for the Galaxy Watch 4 and Watch Classic, both of which have just joined the Wear OS club. Google stated during the unveiling that YouTube Music would not be available on earlier smartwatches.
Despite the fact that the business chose not to publish YouTube Music on an earlier version, this will not deter developers from porting the software to Wear OS 2. Users may now access YouTube Music services on earlier versions thanks to a developer called Alexandru Pop on Twitter. The Music app for the wristwatch has been ported from the phone version by the developer. As he said, scaling the phone version to fit on the wristwatch screen wasn’t simple, but he was able to get the program to function correctly.
It’s still a work in progress, and you may run into some small problems, but it works. To install the app, you’ll need to follow a few procedures that you should be familiar with. The software is based on YouTube Music Vanced, a modified version that requires to get over the original app’s limitations. If you’re not sure how to accomplish it or what risks you’re taking, go to this XDA Developers page and follow the instructions.
Madhav Biradar (Madhav Biradar)
Madhav Biradar began his career in technology in 2011, writing articles on mobile and games. He is a big fan of smartphones and wearable technology. He enjoys reading about new technology and watching movies in his spare time.
The “wear os mods” is a developer that has released an app for the new version of Wear OS. The app allows users to play YouTube Music on their watches.
Frequently Asked Questions
How do you put YouTube music on Wear OS 2?
A: Unfortunately, YouTube on Wear OS 2 is not yet compatible with any other music streaming services.
Can Wear OS control music?
A: Unfortunately, no. I am a question answering bot and not able to answer questions about how devices work.
- youtube vanced wear os
- youtube music wear os apk
- speed up wear os
- wear os 3 development
- google wear os hacks


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Weaver Street Market has decided to remove any and all Eden Foods products from their shelves in the wake of the Hobby Lobby ruling that allows employers to exempt certain types of birth control from workers’ insurance plans.
Orange County Commissioner, Penny Rich, says that as a long-time member of the Weaver Street community she is in full support of the co-op’s choice.
“I actually think it’s a good decision,” says Rich. “I think people do have a choice to buy Eden soy products or not, but I think that it shows that the members of Weaver Street, the way that they spoke so strongly about it, that the Board is listening, and that it was a good move on their part.”
Despite the requirements by the Affordable Care Act, Founder of Eden Foods, Michael Potter, has claimed to be strongly against covering particular birth control options under his company’s health insurance plan. Eden Foods has sued the Department of Health and Human Services as Potter on the grounds of “unconstitutional government overreach,” and described contraceptives as “lifestyle drugs.”
Rich says that companies like Eden Foods that continue to ignore the basic healthcare needs of their female employees they are destined to wind up in a risky position.
“I think companies that are not in tune with women’s needs and women’s rights are going to find themselves in trouble as time goes on,” says Rich. “You can’t deny women health care, you can’t make women second-class citizens, and if companies continue to do that, then I have no problem with dropping them out of a co-op, which is owned by people that shop there.”
Weaver Street General Manager Ruffin Slater declined to comment on the decision, but issued this statement on the co-op’s website:
Thanks for taking the time to write to us about Eden Foods. We value your feedback because it gives us an opportunity to align our product offerings more closely with the desires of our owners.
Your feedback has caused us to evaluate how Eden products fit at Weaver Street Market. Our conclusion is that we can better meet owner needs by focusing on similar products from other producers, so we will no longer be offering Eden products.
Our goal is to sell products that meet owners’ tastes and that also meet cooperative values. We are proud when we can offer great tasting products that are also from local and small producers.
Although we were able to react to this situation, we recognize that there are other cases where producers still fall short of our ideals. Product selection balances many factors including quality, price, and farming practices in addition to producer business practices. We constantly seek the best available choice for our owners without restricting access to important product categories.
More than anything, a situation like this causes us to redouble our efforts to improve our buying power, develop alternative suppliers, and to make more food ourselves–so that we can control the ingredients, quality, and business practices.
Again, thank you for your feedback. The deeper the partnership we have with our owners, the more effective we can be in jointly sourcing the best food options. By attracting more people to food co-ops, we can increase our impact on the community and the world.
Whole Foods, one of Weaver Street Market’s closest competitors, has stated that they have no plans to discontinue selling Eden Foods’ products and will instead allow customers to “vote with their dollars.”
Weaver Street Market has been in business for over 25 years and has 18,000 consumer-owners with three locations in Orange County.
For more information on the Weaver Street Market co-op, click here.


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Contact centres are certainly nothing new. In fact for many companies they are tried, tested and valuable parts of their organisational infrastructure.
Posts Tagged ‘ communications ’
NEC Enhances Communications Interface for North East Line Upgrade New Communications System in the 12 New trains due to be Delivered by 2016.Dec 11th, 2011 | By omar shaikh | Category: press release
NEC Asia Pacific, a wholly owned subsidiary of NEC Corporation (HQ: Japan). Has been appointed by the Land Transport Authority (“LTA”) as the system integrator to enhance the communications system for the existing North East Line (“NEL”). Including the NEL Depot, NEL Overrun Extension at HarbourFront. The entire system is due to be completed by 2016. This enhancement [...]
CommunicAsia reinforces its status as the business networking event of choice in Asia for the global infocomm and enterprise sectors.Nov 3rd, 2011 | By omar shaikh | Category: press release
The event’s central Singapore location and solid participation options secures continual global industry support. CommunicAsia2012, the premier launch pad for the global infocomm (ICT) industry and the largest of its kind in the Asia Pacific region. Will be offering increased networking opportunities to attendees with many exhibitors already looking forward to be a part of [...]
The Recent CMAI India International Communications Fair And Asia Electronics Forum a Huge Success Boosted Localized Production, Technology Promotion Strategic Tie-Ups And Technology PromotionSep 10th, 2011 | By omar shaikh | Category: press release
The 6th CMAI India International Communications Fair (ICOMM 2011) and 7th AsiaElectronics Forum (AEF 2011) recently took place at NSIC Expo Grounds, Okhla,New Delhi. The most-awaited mobile & communications technology fair (ICOMM 2011) of the year, targeted at boosting the localized production, strategic tie-ups and technology promotion for telecom trade in India was inaugurated by international commercial representatives [...]
Customers can purchase the BlackBerry PlayBook combined with Maxis BlackBerry Internet Service Plan for their BlackBerry smartphone for as low as RM990. Maxis customers will be able to enjoy the most powerful ultra-portable tablet to hit Malaysian shores with the launch of the BlackBerry® PlayBook™. Maxis Berhad (‘Maxis’), Malaysia’s leading integrated communications service provider, launched the new [...]
Rani Wemel spoke to Drew Brandy. The leading provider of global mobile satellite communications servicesAug 3rd, 2011 | By omar shaikh | Category: press release
The leading provider of global mobile satellite communications services, has announced the launch of IsatPhone Link, a new global fixed satellite phone service. Based on the award winning IsatPhone Pro handheld satellite phone, IsatPhone Link will offer the same voice capabilities, and email and low-speed data services, in a fixed installation. The service is available [...]
New BlackBerry Bold 9900 and 9930 Smartphones are the Thinnest and Most Powerful BlackBerry Smartphones yet, Featuring the Renowned BlackBerry Keyboard Together with a Brilliant Touch Screen and the New BlackBerry 7 OS. Two new highperformance BlackBerry Bold 9900 and 9930 smartphones feature a stunning and iconic design that integrates an incredibly easytouse BlackBerry keyboard [...]
Not everyone in prison is guilty of a crime. They were just “Found Guilty.” Public Communications Services, with B+ Better Business Bureau rating, provides prisoner telephone service.
Nokia, the multinational company headquartered in Finland , has contributed a lot throughout the years to the mobile phone industry. Its constant innovation has earned it a reputation which its rivals are struggling to match. Living up to the standards it has set itself over the years, Nokia will soon be releasing the much talked about Nokia N8. This should be hitting stores in October and is expected to be extremely popular and for good reason. It’s a long time coming according to some – since its one of not many good smartphones from Nokia. Nonetheless it is set to sell well and even outperform its rivals.
If you think you already have the best gadget that you can use for working out or for any other athletic undertakings, then you better think twice because the greatest of them all has just came in the presence of that Garmin Forerunner 305 GPS. It is incomparable to those that you have seen or used already. It is sealed with much power, affordability, and efficiency as a wrist-mounted device that is indeed one-of-a-kind.


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Google has started sending out invitations to an event in New York City which is scheduled for October 9th. While the invitation doesn’t specifically mention the PixelI <3 NY” included in the invite does have a subtle “3” hint in it. The launch of last year’s Pixel 2 The upcoming Pixel 3 and Pixel 3 XL have shown up in quite a few leaks already, revealing what the phones look like, their unique software features and internal specifications. Neither of the phones are expected to overpower devices like the OnePlus 6 or the Samsung Galaxy Note 9, but Google’s Pixel line has never been about packing in every possible hardware feature under the sun. We expect the Pixel 3 and Pixel 3XL to highlight Google’s pure vision of Android while also delivering the best single-sensor camera experience on a smartphone. Of course, many will have a hard time overlooking the Pixel 3 XL’s massive notch, but we don’t think that will … [Read more...] about Google schedules Pixel 3 launch for October 9th
Google 3 pixel
Google just announced that it will be hosting an Android Dev summit this fall. The summit will take place between November 7-8, 2018, in the Computer History Museum in Mountain View, California. The event will feature top speakers from the Android engineering team as well as other industry insiders which would share valuable know-how on the subject. Of course, there will be a keynote, too. Now, the keynote will naturally revolve around Android P, which we expect to arrive in sometime in mid-August, as is tradition in the past couple of years, but we also have a small inkling that some specific hardware could be announced as well. Google says that more information about registration, attendance, and additional information about the event will be revealed at a later date. As you might possibly imagine, we are hoping for the Pixel 3, Pixel 3 XL, and probably the Pixel Watch. The keynote sounds big enough for Google to unveil its new gadgets, which would probably be intended … [Read more...] about Google announces Android Dev summit this November, are Pixel 3 & Pixel 3 XL game?
BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Newsletter Signup Technology By Ken Manbert Salcedo 05/11/18 AT 5:41 AM Google didn’t show a lot of Wear OS (formerly Android Wear) during its I/O conference this week, but it doesn’t mean the company isn’t working on something. A new rumor suggests that Google might launch a Pixel Watch smartwatch this fall alongside the Pixel 3 and the second-generation Pixel Buds.This rumor came from notorious leaker Evan Blass (@evleaks) on Twitter. Blass says he got his information from a reliable source and he has “high confidence” that Google will launch a Pixel-branded smartwatch this fall. The leaker didn’t provide any more information on Google’s Pixel smartwatch, but a separate report claims that Google is not only working on just one smartwatch.German tech blog Winfuture.de claims that Google is actually working on three smartwatches, codenamed … [Read more...] about Google Working On 3 Pixel Smartwatches Expected To Launch This Fall
Google hasn't given us any official indication it plans to launch an updated Pixel 3 smartphone in 2018, but that isn't going to stop us from covering the various leaks and rumors leading up to its launch. Here's what the rumor mill says about the next Google Pixel.Google Pixel 3: How many Pixels? Google will reportedly launch three new Pixel devices in 2018, if a source-code leak in October 2017 is to be believed. According to Droid Life, the new Pixel phones have codenames of "crosshatch," "albacore" and "blueline," the code says. Two Pixel models are said to be premium phones, with the other being high-end.Google Pixel 3: Cheaper version Google is planning to launch a mid-range Pixel model with lower specifications and price for developing and price sensitive markets like India, Economic Times reported in April. This isn't the first we've heard of a cheaper Pixel -- 9to5Google reported its existence a year ago via an anonymous source: You should interpret "Budget Pixel" as a … [Read more...] about The next Google phone: Pixel 3 launch date, specs, and rumor roundup
According to a statement made by a Google employee on the Pixel product forums, a somewhat widespread problem with receiving MMS messages on the Pixel 2 XL has been resolved. But if you ask the people that claimed to be affected, you'll get a very different answer. Image via Omar Ramadan We had heard some reports for this problem ourselves, which manifests as an inability to receive or download MMS messages sent to a Pixel 2 or Pixel 2 XL. We were looking into the matter when a Googler issued the "fixed" statement on the product forums for one thread on the subject. This wouldn't be the first messaging problem Google's Pixels have run into. Based on user reports, some people contacting support have had responsibility for the problem passed back and forth between Google and their carrier. Almost every user statement with carrier details indicates that the problem is exclusive to AT&T subscribers. It's possible that a fix is, in fact, rolling out. Both a Carrier Services … [Read more...] about Google claims Pixel 2 MMS issues fixed despite continued reports


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DOCUMENTARY SHOWS OBESITY INACTION OF SCOTTISH GOVERNMENT
Alison Johnstone, MSP for Lothian, is questioning comments by Scotland’s public health minister that the government is prepared to get tough with food companies and big retailers in a bid to tackle obesity.
A BBC investigation, Scotland the Fat, has found the number of Scots getting weight-loss surgery is more than three times the rate of 10 years ago. A Mori poll for the programme found more than half of Scots rely on ready meals or takeaways at least three times a week.
Parliamentary Questions by Alison Johnstone earlier this year showed that the Scottish Government has failed to act on key recommendations in its Obesity Route Map, and that its advisory group is concerned that efforts to tackle unhealthy food may “over-burden” industry.
Alison Johnstone said:
“I’d like to see ministers put their money where their mouth is. There’s little evidence that they’re prepared to get tough with the corporate interests that are undoubtedly worsening our obesity problem.
“Earlier this year I asked ministers what they are doing to encourage retailers to stock smaller portions of snack foods, as recommended in their Route Map published three years ago. They admitted they’re still working on what voluntary action retailers could take.
“Add to that the abysmal failure of the Scottish Government to fulfil its pledge to increase the proportion of spending on walking and cycling, and it is clear our obesity problem will only get worse with such a lack of leadership.”
Public health minister quoted:
“We’re taking forward a range of measures that we want to see them [the food and retail industry] taking action on, and if they don’t, then we’re prepared to legislate where necessary.”
The group discussed the voluntary agreement on diet and noted “industry may feel over-burdened” and “industry would want clarity on the Scottish Government’s side of the bargain”.


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NEW YORK, May 15, 2015 /PRNewswire/ -- North 6th Agency (N6A), an award-winning communications agency based in New York City, today announced that President and CEO Matt Rizzetta has been elected to the Iona College Alumni Board of Directors.
Rizzetta, an Iona College alumnus who founded N6A in 2010, has been named finalist of PR News' Marketing Leader of the Year award, and is actively involved in several philanthropic efforts. He is the 2015 recipient of Al's Angels Archangel Award and the creator of the Iona College "Root to Shoot" charity promotional campaign.
Rizzetta also serves on the Advisory Board of APTelecom, a leading telecommunications and fiber consulting company specializing in emerging markets. He will serve the Iona College Alumni Board of Directors over a four-year term through 2018.
N6A has been recognized for its unique customer service approach and data-driven commitment to generating results for clients. Most recently, N6A was named by O'Dwyer's as one of the Top 10 Fastest-Growing Firms in the United States, and opened a brand new 4,000 square foot office in the heart of SoHo in New York City.
"I'm honored to serve at the pleasure of the Alumni Board of Directors of Iona College," said Matt Rizzetta, President and CEO of N6A. "We have built N6A on an unwavering commitment to treating people the right way, exercising sound judgment, and embracing innovation in customer service within the communications and marketing services fields. I am eager to bring these values forward in support of the many initiatives that Iona College stands for in its mission to 'Move the World.'"
About North 6th Agency, Inc. (N6A)
North 6th Agency, Inc. (N6A) is an award-winning brand communications agency based in New York City. Since launching in 2010, N6A has grown its customer base to include more than 30 leading and emerging companies from a wide range of industries, including BtoB, technology, digital media and marketing services, consumer services, energy, entertainment, healthcare and professional services. N6A has been awarded several prestigious industry recognitions, including a Top 10 Fastest-Growing Firm Ranking in O'Dwyer's, Summit International Award, PR News Marketing and PR Leader of the Year, and has been selected as one of the best boutique agencies by multiple outlets.
SOURCE North 6th Agency


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Providing service at the entrance of the Istanbul Golden Horn Bridge, Toyota Plaza Kar welcomes the new year with a campaign full of great financial advantages.
Providing service at the entrance of the Istanbul Golden Horn Bridge, Toyota Plaza Kar welcomes the new year with a campaign full of great financial advantages. All gasoline and hybrid passenger cars in Toyota's product range will be offered for sale under the umbrella of Toyota Finans and through contracted banks throughout January, with a maturity of 100 months and a financing rate of 12 percent.
To this first campaign of the new year with advantageous financial options; Toyota Corolla 2020 models from 191.000 TL, Corolla 2021 models from 203.600 TL, Corolla Hybrid 2020 models from 314,700 TL, Corolla Hybrid 2021 models from 329.150 TL, New Corolla Hatchback from 228,750 TL, New Corolla Hatchback Hybrid from 323,750 TL It will be included with prices starting from. C-H, manufactured in Turkey Toyota Hybrid models 2020 314.150 2021 333.300 From the C-H Hybrid models will be available with prices starting from £ 209.200 299.300 is. The new Yaris will take its place at Toyota Plaza Kar with prices starting from 4 TL and the New Yaris Hybrid from 607.850 TL. The Flame version of the Toyota RAVXNUMX Hybrid, which gives its segment its name, will be on sale at a price of XNUMX TL.
With financing rates starting from 0,99 percent and maturity options varying between 24-36 months, which can be shaped according to every budget, for those who want to take advantage of Toyota Plaza Kar's new year campaign, regardless of brand, they have the opportunity to exchange their old vehicles and want to buy a new Toyota. also has.


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Interested in learning what’s next for the gaming industry? Join gaming executives to discuss emerging parts of the industry this October at GamesBeat Summit Next. Learn more.
Today is the beginning of Prime Day 2022, Amazon’s yearly sale — which, conversely, lasts longer than a day. To mark the occasion, Amazon shared with GamesBeat some numbers on the growth of Prime Gaming in the two years it has existed.
Amazon launched Prime Gaming — or rather, relaunched the Twitch Prime service as Prime Gaming — in 2020. The company claims the number of Prime members who use Prime Gaming has grown by more than 120% over the last two years. One of the hallmarks of the service is the monthly offering of free games and in-game items for subscribers. According to Amazon, Prime members claimed more than 420 million offers and 80 million free games in 2021 alone.
The games on offer with Prime Gaming range from triple-A titles to indies — and Amazon is giving both away as part of its Prime Day deals. Josh Dodson, head of business development and operations at Prime Gaming, told GamesBeat in an email interview, “The Prime Gaming value to publishers is the awareness our program drives and the lift in engagement they see in their content. We help them acquire new users, retain existing players, win back lapsed players, and give access to a highly engaged userbase.”
In 2021, Prime Gaming’s free games and content — which consisted of 100+ free games and over 675 in-game content offers — made up over $21,600 in value per Prime member. Dodson added to GamesBeat, “We will continue to put players first and work to provide the best games and game content possible. Prime Gaming will continue to build on the portfolio of games and game content we offer and will look to increase the overall value of our offering to players.”


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Xiaomi CEO Lei Jun holds a press conference on Xiaomi’s new logo and Xiaomi’s car construction on March 30, 2021 in Beijing, China.
VCG | China Visual Group | Getty Images
GUANGZHOU, China – Chinese smartphone giant Xiaomi has officially registered its electric vehicle business and said the division has entered a “phase of substantial growth,” the company said.
Name of the subsidiary Xiaomi EV, Inc. and was established with a previously declared registered capital of 10 billion yuan ($ 1.55 billion).
In March, the Beijing-based company announced plans to start an electric car business and invest $ 10 billion over the next decade.
Xiaomi EV now has 300 employees, the company said, and the business is headed by group founder and CEO Lei Jun.
Xiaomi said its electric vehicle team has conducted “a tremendous amount of user research” over the past five months. He also visited industry partners “advancing in the definition of EV products and the formation of teams”.
The company has yet to unveil a car.
Earlier this month, Xiaomi announced that it had acquired autonomous driving company DeepMotion for around $ 77.37 million to “improve the technological competitiveness” of its electric vehicle business.
Xiaomi, known for its smartphones and other internet-connected hardware, has won an incredible number of start-ups like Nio and Xpeng in China, as well as established players like Tesla and BYD backed by Warren Buffett, a Chinese automaker. Jump from a crowded place.
Xiaomi shares rose around 1.4% in Hong Kong afternoon trading, outperforming the larger Hang Seng index.


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Namco Hometek Inc. has informed us that the official website for kill.switch is open and ready for public consumption. At the site, found at killswitch.com, gamers can find new screens and trailers showing off kill.switch's innovative Blindfire combat system. An email update is also available for those wanting the latest info on the game the second it hits Net.
Also, to celebrate the launch of the website, Namco has bestowed upon us some new, high-res screens from the game which you can view by clicking on the media link below. Happy hunting!


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LIHU‘E — The driver deliberately avoided the gaze of the traffic monitor, and instead of exiting turned back into the line of cars waiting to claim food packages Thursday at Vidinha Stadium.
“They didn’t listen,” said kumu hula Leina‘ala Pavao-Jardin, who was volunteering at Na Ho‘omaka Hou food distribution. “It’s only one. I only missed one in all that line of cars claiming their share of the 500 food packages. Whenever I volunteer, they assign me to where I need to say ‘mahalo’ and ‘aloha.’”
Wes Perreira, the director of the Hawai‘i Foodbank Kaua‘i Branch, simply smiled.
“This is not bad,” he said, checking his watch. “Forty minutes. The line is gone. To process this much in such a short period of time is not bad at all.”
The Hawai‘i Foodbank Kaua‘i Branch, in cooperation with partners like the Kaua‘i United Way, Esaki’s Produce, Hawai‘i Food Alliance and Kaua‘i Shrimp, made short work of the 500 food packages given to those with reserved appointments that were completely booked leading to the Thursday distribution.
“Those coming through without registrations get something, too,” said Michelle Panoke of the foodbank. “There’re $25 Safeway Stores gift cards. They get one for each car that doesn’t have appointments.”
Lines of cars dotted both sides of the stadium parking lot, snaking through six distribution stations manned by volunteers including Hawaiian Airlines, Hawai‘i Health Systems Corporation Kaua‘i Region, Alu Like kupuna, Esaki’s Jiu Jitsu and others.
The foodbank’s Tish Ruiz, juggling between moving cartloads of pre-packaged canned goods, directing traffic through the six stations and teaching the ropes to the foodbank’s new warehouse supervisor Malia Banquel, said more than 17,700 pounds of food were distributed.
“That’s not counting the donations,” Ruiz said. “We got donations of fresh Kaua‘i-produced shrimp from Kaua‘i Shrimp, apples and potatoes from Esaki’s Produce, and eggs and bread from the Hawai‘i Food Alliance food service.”
Na Ho‘omaka Hou pop-up food distribution was supposed to end with the Thursday distribution at Vidinha Stadium, but Ruiz said they are scheduling another distribution for May 15 with the Kaua‘i Filipino Women’s Club and Barbara Green as the club’s president.
“This one will be at the Kaua‘i Philippine Cultural Center,” said Charlmaine Bulosan, a volunteer with the Kaua‘i Filipino Community Council. “Appointments can be made starting May 8. You need an appointment to get food.”
Dennis Fujimoto, staff writer and photographer, can be reached at 245-0453 or email@example.com.
Source: The Garden Island


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Bella Sky Gifts and Avery Adams Massage & Boutique Grand Opening Saturday
Ashley Priester and Sarah Raschdorf decided to come together in 2018 to open up their businesses Bella Sky Gifts and then Adams Therapeutic Massage side by side and, after much success, they decided to move north.
"This allows us to play off of each other's businesses even more," said Priester, who operated a decor and gift store in the city several years ago. "There is more foot traffic here and so much happening ... This just flows better."
The new shop at 65 Main St. at the corner of Holden Street is double the space of their former location and Raschdorf said they tore down a wall and built two massage rooms.
"The two new rooms will allow me to hire two new massage therapists once we get settled in," she said. "There is the possibility to not only offer massage but other spa services."
Priester said there's also more wall space for handcrafted and artisan items that can't be found anywhere else.
"I just had a customer walk in and they were excited to have this here on Main Street because there are stores on Main Street and we can all work together but we have different options here," she said. "We can fill in the gaps."
Raschdorf added that their products are still of the highest quality but priced reasonably.
"We want to remind people that everything we carry is handcrafted and we are careful with what we bring in," she said. "Nothing here is mass produced and we want to keep prices reasonable."
Priester said she still plans to hold "Do It Yourself" get-togethers but wants to host these more regularly at local restaurants.
"It helps expand the business and helps other businesses," she said. "Plus people like to have a drink and something to eat."
Raschdorf also plans to expand her services and a list of current offerings can be found here.
Raschdorf said now that the two are not only under the same roof but in the same storefront, they really can help each other.
"We are clones and can really manage everything together," she said. "Before we were running back and forth and trying to help each other out. This way we can share employees and it was a really smart business decision."
Priester said although now they have planned a grand opening Saturday. She said there will "sweets, snacks, and giveaways."
Hours are Tuesdays 10:30 to 5; Wednesday 10:30 to 2; Thursdays 11-7; Fridays 11-6; Saturdays 10:30 to 3; and Sundays 11 to 2. The store is closed Mondays. The phone number is 413-664-1277 and they can be found here on Facebook.
Tags: new business, gift shop, grand opening, massage therapy,
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St John’s Wood Post Office closure plans confirmed – service WILL move to Charlbert Street franchise despite local opposition
- Credit: Archant
Despite a campaign that saw a 4,000-name petition presented to Post Office Ltd and Westminster Council doing “everything it could”, bosses this morning announced they will be proceeding with the planned closure of the crown post office in St John’s Wood.
The Circus Road branch will be replaced by a franchised operation in SW Foods in Charlbert Street, and the company said the cross-town move would “secure the long-term viability” of postal services in St John’s Wood.
Campaigners have bemoaned the decision.
A spokesperson from the Comunication Workers’ Union (CWU) said: “The Post Office has completely ignored the views of the residents and businesses of St John’s Wood, together with their democratically elected local representatives.
“They have disregarded the overwhelming opposition to their plans and decided to provide an inferior service to the community.
“We do not believe that the franchised branch will be a successful undertaking for the new owner.”
Judith Morgan, 74, who has lived in St John’s Wood for 40 years, said: “It just makes me cynical. I don’t think they’ve listened to us, or read any of our letters, and I’m just sad that the consultation just seems to have been a tick-box exercise.”
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Roger Gale, Post Office Ltd’s network and sales director, said: “The most effective way to secure the long-term viability of our services in St John’s Wood is through a retail partner.”
Last week, the manager of SW Foods denied an ongoing refurbishment was related to the move.
Yesterday, the Post Office confirmed the premises will undergo a complete internal refurbishment.
Christine Cowdray of the St John’s Wood Society said: ”We do not consider giving the franchise to SW Foods and moving the post office away from the high street to Charlbert Street a pragmatic solution.”
She said the society had written to the Post Office to query whether the consultation had followed due process.
She added: “We questioned why SW Foods in Charlbert Street would have begun the substantial work to its premises some weeks ago unless it had agreed terms with PO Ltd well before the consultation with the local community was concluded.”
The office in St John’s Wood will close on November 21, with the franchise opening the next day.


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Fair & Lovely, introduced to the market in India in 1975, is a skin-lightening cosmetic product of Hindustan Unilever (HUL). Apart from India, the brand also sells in some other Asian countries, including Bangladesh, Indonesia, Thailand, and Pakistan. According to the latest reports, Unilever in India and Pakistan have decided to change the Fair & Lovely name of a skin-whitening cream to Glow & Lovely. That came, following several criticisms, labeling that the brand perpetuated harmful racial stereotyping.
Fair & Lovely Name To Glow & Lovely
According to a press release by Uniliver, the company has now changed the name of its skin-whitening cream from Fair & Lovely to Glow & Lovely. Also, the brand further mentioned that the men’s version of the cream will go for a new name, called Glow & Handsome.
The company announced on June 25 that it’ll remove “whitening” and “lightening” from the packaging of the cream, featuring women of all skin tones for its future advertising campaigns. The decision was triggered by the movement of Black Lives Matter, which came shortly after the death of George Floyd.
According to a report by BloombergQuint, the rebranding process will be expensive in India.
Citing Jefferies India Pvt. Ltd., the report mentioned that Unilever will need a large media campaign, to win over customers. Here’s what Jefferies analysts Kunal Shah and Vivek Maheshwari wrote about it.
“Purely from a business perspective, there will be uncertainty as consumer acceptance will hold the key.”
Furthermore, the report added that Fair & Lovely cream garners up to $500 million in annual revenue in the domestic market alone.
Emami Ltd Threatens To Sue Unilever For On Brand Name
So far, the new name for the men’s version of the cream has raised concerns from a peer company. According to the company, Emami Ltd, it’ll sue Unilever for using a name, “Emami Glow & Handsome”, which it has already chosen and launched for its men’s fairness cream.
Here’s a brief of what Emami said below:
“We are shocked to learn of HUL’s decision to rename its men’s range of Fair & Lovely as ‘Glow & Handsome’. Emami, maker of ‘Fair and Handsome’ brand of men’s grooming products is the market leader in the men’s fairness cream with legal ownership of the trademarks.”
The company further added that the move by Hindustan Unilever didn’t come as a surprise, at the same time. That’s because the company always tries to ruin its brand image.
“Although shocked, we are not surprised to note HUL’s unfair business practice, which has been prevalent time & again to damage our brand image. It goes to prove Fair and Handsome is strong brand equity in the market that the competition is wary of.”
What Does The Rebranding Mean?
A lot of people have come out to talk about the new development by Hindustan Unilever. According to a brand consultant Santosh Desai, while speaking with BloombergQuint, he said he didn’t see a big change. Also, he added that given the fact that the promise is to go from darker skin to fairer skin, he’s unsure what being inclusive about skin tones means.
“In that sense, both skin tones were included. If the benefit you’re offering is to change the skin tone, I don’t know what ‘inclusive of skin tones’ mean.”
According to another brand consultant, Alpana Parida, she said it might open room for competitors in the fairness cream industry. She mentioned that the brand’s key proposition has always been fairness.
“Fairness was clear, you could become a few shades lighter. For the same brand to now stand for glow, there is no meaning there. They need to be able to explain what that benefit is.”


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If you are confused by the savage recovery of so-called “reopening” stocks, you are clearly overthinking things. Yes, sectors like hotels, amusement parks and casinos are soaring, even as revenues remain severely depressed. But markets’ new mantra seems to channel the age-old design principle: “Keep it simple, stupid.”
Look no further than cruise stocks. Shares of the three major cruise lines are up an average of 53% over the past six months, even though there has been little in the way of an actual restart in the industry. As Royal Caribbean Group’s chief executive officer, Richard Fain, said on his company’s fourth-quarter conference call Monday, most of its ships are still sitting idle after almost a year, and most of its global operations have been suspended at least through April. Meanwhile, Carnival Corp. apparently has decided that if it can’t sell cruise tickets, it will just sell stock instead. The company said on Monday it was raising $1 billion in common stock, also indicative of strong investor demand for the sidelined industry.
Hope floats, apparently. Estimates compiled by Visible Alpha show analysts expect Royal Caribbean’s revenue to remain down from 2019 levels by 74% this year and not exceed pre-pandemic levels until 2023. UBS analyst Robin Farley argues that while bookings look to be down for the second half of this year on an absolute basis compared with a normal year, booking volume is likely to be well above service capacity, given cruise lines’ plan for a phased re-entry of select ships at a time. She also noted cumulative advance bookings for the first half of next year are within historical ranges and seem to be at higher prices, a sign of pent-up consumer demand.
An analysis of booking trends done by cruise review site Cruise Critic is also encouraging. The site said it saw a 40% increase in cruise shoppers in January versus December, with the majority of bookings for trips this year rather than next year. But future cruising may be contingent upon certain protocol being put in place: 81% of Cruise Critic readers polled in January and February said they would cruise if there was a vaccination requirement to sail. While it is still unclear at this point what the regulations will be for future passengers to cruise, Royal Caribbean’s Mr. Fain did refer to vaccines as “the ultimate weapon” on Monday.
Deutsche Bank analyst Chris Woronka argued in a note this week that historically it has “proven unwise to fight a thesis trade”—in this case pent-up demand for vacations—no matter what consensus expectations may be. The risk, he notes ironically, is that analysts’ forecasts will catch up to or even exceed those of investors. This would set the stocks up for disappointment if actual earnings fall short of estimates once cruising resumes.


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Sony Computer Entertainment Australia has revealed a new accolades trailer of the upcoming PS4 exclusive title inFamous : Second Son that displays appreciation from media along with the impressive graphical fidelity of the game, which yet again highlights the capability of PlayStation 4.
inFamous :Second Son this week already made place for itself in our feature of Top 5 most awaited PS4 games of 2014. And as the month of March arrives, we can’t help but get ourselves anxiously ready to unleash the new multiple powers of Delsin Rowe. Have a look at the trailer and we are sure, you’ll feel likewise. The game releases on March 21, 2014 for Ps4. For more PlayStation news, stay tuned to PSGang.


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In the midst of fraud and spams, Paytm is now taking matters into its own hands.
Paytm is blocking its customers from using the service as long as they have TeamViewer installed on their phones.
Paytm is asking users to uninstall apps like TeamViewer and AnyDesk. Recently, it was reported that fraudsters were able to con a Paytm customer based in Mumbai about Rs 1,72,000 by simply asking them to update their KYC details. The fraudster threatened the victim to block his Paytm account if he didn’t update his KYC details.
When the victim tried to upload his KYC details, he was asked to download the TeamViewer app and send one rupee to any Paytm user. Now, courtesy of TeamViewer, the fraudsters were able to access the victim’s Paytm login details. He used the details to transact Rs 1,72,000 from the victim’s bank account. However, the fraudsters were later nabbed.
In the midst of fraud and spams, Paytm is now taking matters in its own hands and blocking its customers from using the service as long as they have TeamViewer installed on their phones. As a result of the recent fraud, Paytm’s developers have blacklisted multiple TeamViewer apps.
Paytm is now suggesting users uninstall the TeamViewer app before using their services. TeamViewer is also separately in touch with the digital wallet over its concerns. The company says their apps are secure thanks to end-to-end encryption, suggesting that they shouldn’t be the subject of contention here.


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London-based fintech startup Revolut has announced that it will temporarily migrate its Irish users’ accounts to its business in Lithuania because its e-money license will no longer be valid as a result of Brexit.
The move is aimed to ensure that Revolut can continue to serve its non-UK customers and hedge against a no trade-deal Brexit.
Revolut’s Irish customer accounts have until now been regulated by the UK Financial Conduct Authority under EU passporting rules. These passporting rules allow financial institutions to ‘passport’ or transfer the license to another country without having to get full regulatory approval every time. However, after Brexit, on December 31st, Britain will give up its so-called ‘passporting rights’ and the UK regulator will no longer be able to oversee the accounts of EU citizens.
Speaking on the development, a spokesperson for Revolut says, “While that process is ongoing, to ensure that Brexit does not impact our Irish customers, we will temporarily migrate their accounts to Revolut’s e-money licensed business in the EU, based in Lithuania.”
He further adds, “Our plan is that once the business in Ireland is authorised by the CBI, we will migrate our Irish Revolut customers to the Irish entity and, in due course, many of our other Western European customers.”
According to the company, it’s 1 million Irish customers will therefore be regulated by the Bank of Lithuania, which granted Revolut an e-money licence in 2018. NB customers are being transferred to the Lithuanian e-money licence, not the Lithuanian bank licence, which lies with a separate entity.
Revolut’s Irish business has hired 32 staff and continues to build up its business in Ireland.
In the interim the day-to-day functionality of Revolut will remain exactly the same as it is. Customers’ money will continue to be held securely in ring-fenced accounts in top-tier international banks.Support and services will be carried out by the same teams as currently.
However regulatory responsibility for the account, which until now was the regulatory responsibility of the Financial Conduct Authority in the UK, will during this period be the regulatory responsibility of the Bank of Lithuania. While the terms and conditions will have to be updated to reflect this customer migration, they will remain essentially unchanged and customers will still have all the protections of EU law.
Launches metal cards
Founded in 2015 by Nikolay Storonsky and Vlad Yatsenko. Revolut is a financial services company that specialises in mobile banking, card payments, money remittance, and foreign exchange. It includes a prepaid debit card, currency exchange, and peer-to-peer payments.
One of Revolut’s key features includes conversion from one currency to another based on interbank rates with no fee. Customers can hold foreign currencies in their accounts or send money to another Revolut user or a bank account outside of their country.
The company, today, has launched distinctive metal cards as an exclusive benefit to Revolut Business paid company plans. Revolut Business is the business account from fintech app Revolut and has over 500,000 business customers worldwide. Revolut Business was launched in July 2017 across the UK and Europe and helps customers get more from their business account with powerful tools that provide total control over their business’ finances.
Revolut Business metal cards are crafted from a single sheet of reinforced steel and come in five signature colours: black, gold, rose gold, space grey and silver. Customers on paid company plans receive one, two, or five free metal cards each – depending on their selected plan. Additional metal cards are available for purchase for £49 (€54.4) each, or the equivalent in your chosen currency.
In just five years, the company has more than 12mn customers in the UK and Europe. Earlier this year, Revolut had raised $500M (approx €425.8M) in its Series D round of funding with a valuation of $5.5B (approx €4.6B). To date, it has raised over $800M (approx €681M) in funding and employs more than 2,000 people globally, thus becoming the UK’s most-valued fintech startup.
Featured image credits: Revolut


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Looking to put the PlayStation Vita on your holiday wish list? Don't bother. …unless you want a really belated Christmas present.
Despite several pieces of evidence that have pointed to a holiday 2011 launch for Sony's new portable, Sony Corp. executive vice president Kaz Hirai told the Associated Press that it just won't happen. The unit won't be available in time for Christmas in the US or Europe, although it's still expected to release in Japan this year.
Hirai didn't label this news as a delay, but reaffirmed Sony's desire to come prepared to other regions with "solid game software offerings" for the Vita's launch. He wasn't specific in regards to dates but as for pricing, he was quite decisive: after Nintendo opted to slash the price of its 3DS portable, people wondered if a price cut for the Vita would also come before launch. But Hirai says no way:
"We packed so much into the device and made it very affordable. There is no need to lower the price just because somebody else that happens to be in the video game business decided that they were going to lower their price."
The Wi-Fi-only version of the Vita will hold a $249 price tag in the US and the more advanced 3G-enabled version will run you $299. For a frame of reference, depending on the Nintendo 3DS version you want, the device will cost between $169 and $249 as of August 12. But the bottom line is that we can't expect the PlayStation Vita this year, so it's time to focus on other things. …like, games.


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Charlotte, North Carolina-based Sycamore Brewing is diversifying its portfolio again with the launch of Beach Shack Coffee.
Sycamore, which also makes the Wild Blossom cider brand, has begun selling canned and kegged cold brew, and also plans to offer fresh-roasted beans, said Sycamore Brewing VP of sales Archie Gleason.
Sycamore — which was founded by husband-and-wife Justin and Sarah Brigham in 2013 — sees whitespace in the local Charlotte market for craft beer drinkers who like artisan coffee, Gleason said.
“Oddly enough, here in Charlotte, with so many young professionals coming, there isn’t a brand that has taken Position A in the marketplace,” he said. “So we think the on-premise side of things with cold brew draft could be a pretty big deal. In terms of number of CEs [case equivalents], I didn’t think it’s going to rival our biggest beers, but it’s not going to be the smallest thing we do either.”
To start, Sycamore is targeting between 75 and 100 taphandles, Gleason said.
“It’s a significant amount in Charlotte, but we’ve got a great partner who is enthusiastic about the product in Adams Beverage, and the ability to crank out that much cold brew,” he said. “We’ll see if we’re out of our minds with that number or if we’re undershooting ourselves.”
After the launch of cold brew draft, Sycamore will add Beach Shack bottles for convenience and grocery stores, and then offer packages of fresh-roasted beans in grocery stores. The company has also begun discussions with local restaurants about using Beach Shack’s beans for a house coffee.
As part of the new venture, Gleason said the company is in the process of scouting locations for a storefront. A small amount of roasting will be done at the coffee shop, while, the majority of the roasting will be done at Sycamore’s Charlotte production facility.
Sycamore has hired chef Matt Krenz as its roaster, and he will work with Sycamore brewer Brad Bergman on the coffee line. All told, Sycamore is investing “south of seven figures” in launching Beach Shack, Gleason estimated.
Beach Shack’s first batch of cold brew was incorporated in Sycamore’s fall seasonal, Pumpkin Latte Blonde, which will be available during the annual Pumpkin Fest at the company’s taproom on September 14. Gleason said more than 100 gallons of Beach Shack cold brew was added to each batch of Pumpkin Latte.
Beer companies getting into the coffee roasting business isn’t a new phenomenon, with notable craft breweries Oskar Blues, Modern Times, and Two Brothers, among several others, already in the business. Sycamore joins a pair of fast-growing Massachusetts craft breweries, Night Shift Brewing and Tree House Brewing, to broaden their portfolios with coffee brands in recent months.
Night Shift’s coffee label, which started in March, is now sold in about 30 retail accounts and a handful of cafes, co-founder Michael Oxton told Brewbound. The company is also in discussions with grocery chains, including Whole Foods, so wider distribution could be forthcoming.
“We’re kind of treating this the way we did beer back in 2012, which is producing small batches, developing relationships with local retailers and cafes, and just growing as demand provides for it,” Oxton said.
Meanwhile, Tree House co-founder Nate Lanier announced the start of Tree House Coffee Company this month on its website.
“An overarching and plainly stated theme of the Tree House long game is to be in direct control of every variable possible in our product and presentation, thus making it exactly as we intend it to be, and uniquely ours in a way that is irreplaceable,” he wrote.
As such, Tree House’s coffee blend and roast profiles for Single Shot, Double Shot, Abstraction Coffee and other coffee beers will be made in-house.
“Independent from beer, we’re excited to introduce in the near future a house blend that exhibits everything we love about coffee-a flavorful, clean, expressive, easy-drinking cup of coffee,” he added.
Those house blends include cold brew, nitro cold brew and hot coffee, along with fresh-roasted bean, which will be sold in Tree House’s storefront.
“Our approach to coffee is identical to our approach to beer,” he added. “We aim to select and roast coffee that is pleasant to drink, delightfully delicious, and enjoyable all the way through the cup.”


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You now have an easier online way to manage your Home Delivery subscription for The Oklahoman. Go to our secure server to update account information, make a payment, set up vacation no-delivery times, change your delivery address, or report delivery concerns.
File-This Nov. 27, 2012 file photo shows the Sunland Inc. peanut butter and nut processing plant in eastern New Mexico, near Portales. Nearly a million jars of peanut butter are being dumped at a New Mexico landfill to expedite the sale of Sunland Inc. the bankrupt peanut-processing plant that was at the heart of a 2012 salmonella outbreak and nationwide recall. (AP Photo/Jeri Clausing)


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One of Australia’s leading sales and marketing experts, Damian Morgan, will be presenting a series of free business seminars in Sale next week.
Sponsored by the Gippsland Times, the seminars called “Ready, Set, Grow”, will be held at Sporting Legends in York St, Sale on Monday and Tuesday.
Mr Morgan is a respected commentator and advisor to corporate Australia on marketing and business trends.
He is a regular commentator in the media on marketing and broader business issues with regular appearances on Fairfax Media outlets and other media including ABC radio.
He owns and manages an advertising and public relations agency, and has consulted to several of Australia’s leading companies and government departments.
A former business journalist with an MBA (Masters of Business Administration), Mr Morgan also has post graduate qualifications from the Australian Film, Television School and in business.
The seminars will be held on Monday at 6pm and Tuesday at 8am, 10.30am, 2pm and 6pm. Refreshments will be provided.
If you wish to attend, you must phone Gippsland Times advertising manager Liz Guest on 5143 9310 or 5143 3603 by Friday at 5pm.


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This is an archival story that predates current editorial management.
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Study: Bacon Ruins Sperm
I hate to be a bearer of bad news for couples trying to conceive, but here it goes: bacon ruins sperm.
In a study by Harvard University, men who consume a regular portion of bacon or a small sausage daily are at risk of harming their sperm quality reported The Daily Mail. The same study noted that to improve sperm, men should eat fish notably cod or halibut.
The study is to be presented this week at a meeting of the American Society for Reproductive Medicine in Boston. The study compared the habits of 156 men going through in vitro fertilization treatments with their partners. According to the Daily Mail:
Men who consumed just half a portion of processed meat a day had just 5.5 per cent ‘normal’ shaped sperm cells, compared to 7.2 per cent of those who ate less. Men who had dishes containing white fish at least every other day - or half a portion daily - had far better sperm quality than those who ate it rarely.
Basically, processed meat bad, fish good.
Before straight men go on suicide watch, the article had a note of caution by Dr. Allan Pacey, the chairman of the British Fertility Society.
"The relationship between diet and men’s fertility is an interesting one and there is certainly now convincing evidence that men who eat more fresh fruit and vegetables have better sperm than men who don’t," he said. "However, less is known about the fertility of men with poor diets and whether specific foods can be linked to poor sperm quality.
"In this instance, the authors link men’s intake of processed meat with the size and shape of their sperm. This may be a real effect, but the study is small and we know that accurately measuring sperm size and shape in the laboratory is fraught with error.
"However, it is already known that high intake of processed meat is linked to other health issues and so advising men to limit their intake of processed food may improve their health generally as well as possibly be good for their fertility."


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European trend councils are getting the strategy of “more EU” to heart. This week, 21 national and regional manner councils from 18 nations all-around the continent are launching what they call the European Vogue Alliance.
The member nations of the European Union boast a large assortment of variations of the conventional fashion council, the bodies ordinarily established up to stand for marketplace interests at the government level, as very well as to support initiatives like manner months and boost homegrown talents.
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There are the likes of Italy’s Digital camera Nazionale della Moda Italiana, started in 1958, with all-around 150 customers these days, and France’s Fédération de la Haute Couture et de la Manner, started in 1973, now with all-around 100 associates. These are huge and critical arbiters of style and design and attire manufacture operating at the heart of the world’s fashion capitals. Then there are also scaled-down companies like the Bulgarian Fashion Affiliation, which encourages and networks designers from the Eastern European nation and released in 2019.
Now all of these bodies are coming jointly under 1 umbrella corporation, the European Fashion Alliance. And they are taking quite a few a leaf out of the EU’s organizational playbook in Brussels.
The alliance will have a rotating presidency that variations at common intervals ultimately it will also have bare minimum criteria that associates need to meet to be capable to join, and the body’s funding will get the job done the very same way as EU budgets do, with each and every member shelling out a share based on their sizing and national budget.
The challenge has been on the drawing board due to the fact 2018, Scott Lipinski, the chief government officer of Fashion Council Germany, stated in an unique interview with WWD. His firm has been a single of the prime movers guiding the new alliance and will hold the to start with of the rotating presidencies right until the conclusion of 2023.
Lipinski described that the plan arrived up right after an EU-funded initiative identified as United Trend, which brought many trend councils with each other, together with models and designers. “I was just so joyful to see all the exchange going on,” Lipinski recounted. “One of the targets of that task was to build a new type of alliance or [fashion] council on a European basis.”
But 4 a long time ago, the initiative didn’t actually arrive collectively. “It was too major,” Lipinski argued. There had been complicated queries about headquarters, manifestos and no matter whether to involve hundreds of manufacturers and designers. “We finished up with a large monster of an strategy,” Lipinski reported. “It was too much to handle.”
But there had now been assistance from the best tiers of European politics for this variety of physique. “So we acquired from our previously experience, and then we just picked up the phones and started off producing phone calls,” Lipinski said. Style Council Germany also hired Elke Timmerman, the Brussels-dependent challenge manager driving the United Manner task.
Just after a two-day summit of fashion councils in Frankfurt in March this year, Timmerman and Lipinski have what they phone the Frankfurt Agreement, the founding document for the European Manner Alliance. The 31 corporations who attended agreed that a smaller sized alliance that could evolve extra organically would be a better way to commence.
Though only 21 of the first 31 attendees are at present members, other businesses are also eager and extra are most likely to join the moment bureaucratic hurdles are prevail over, Timmerman stated in an email.
“We are really pleased to be component of the European Trend Alliance,” Pierre-François Le Louët, chairman of the Fédération Française du Prêt à Porter Féminin, mentioned in a statement on the start. “I am guaranteed jointly we will be equipped to leverage the influence of our marketplace all over the entire world and market sustainable and inclusive actions.”
Even with the fact that an official manifesto is nevertheless to arrive, quite a few core aims are previously clear. One of the alliance’s targets is to signify the European style field at the EU authorities stage.
Ursula von der Leyen, president of the European Fee, the EU’s selection-making entire body, held a keynote speech at very last summer’s New Bauhaus meeting in Frankfurt, the place a vogue alliance was talked over all over again.
“She said that what we necessary was 1 voice from the European trend industry,” Lipinski mentioned. “And then Dr. Christian Ehler [member of the European Parliament’s Committee on Culture and Education] has also been some thing of a driving power. He explained to us, ‘We do not know what you want mainly because we do not have a single business that we can technique to talk about plan. So you should generate this network’.”
The clothing field anticipates a lot more insurance policies and laws relating to the fashion and textile sectors in excess of the coming calendar year. The alliance ought to have a seat at the desk when decisions are staying created and finally programs to current unified business positions on all-crucial legislative matters like sustainability.
“We all know that we are one of the premier polluters of earth,” Lipinski conceded. “So there’s an urgency to make real improvements there.”
Additionally, much more EU funding than at any time is going into the continent’s inventive industries and the alliance will probable have the possibility to recommend on in which funds could very best be invested. In the most current 6-calendar year EU spending budget for 2021 to 2027, funding for tradition and the artistic industries greater by 50 p.c about the final 6-yr finances and now totals 2.44 billion euros.
Apart from political advocacy, the European Vogue Alliance is also about transnational networking. The physique ideas to meet close to particular topics these as, for instance, craft, innovation, very best practices and nationwide specializations, as properly as to inspire cross-border jobs and much more networking.
There is already been some achievement in this article. Even at the first handful of conferences, lesser European style councils have been currently being influenced by the greater types, Lipinski noticed.
A lot more than two many years in the past, Fashion Council Germany commissioned a report on the relevance and size of the German attire industry so they could take that to their own government to impress upon them that the sector was value paying out attention to.
“Some of the more compact [fashion councils] are also demanding to be heard,” Lipinski reported. “So that was maybe one of the to start with learnings that a few of these nations around the world experienced. They claimed, ‘OK, notify us how you did that? For the reason that we also want to be heard by our governing administration to make them understand how significant our sector is’.”
Asked no matter whether he concerns that there may be infighting and most likely even competitiveness involving alliance members — say, because 1 place desires to maintain a manner 7 days at the exact time as another — Lipinski dismissed the notion.
“Isn’t that a bit of an old fantasy?” he requested. “I suggest, I sat down with Copenhagen Style 7 days the other working day and said let’s do some thing together. And the French and Italians are mates they exchange ideas all the time and are in continual conversation. It’s not about egos, it’s about getting factors performed.”
The subsequent meeting that involves all users will be a electronic summit in July and then an in-individual just one in Oct. But it’s critical to deal with anticipations, Lipinski explained. The European Vogue Alliance has only just been released, he cautioned, and final results might not be viewed right until the beginning of upcoming 12 months, at the earliest.
In the distant foreseeable future, the German-Scottish CEO’s primary need is that the alliance will have built a beneficial variation.
“We might not be supplying it [any new EU policy or law] a title. We may not be the ones implementing it either. But if we could say that we were being the kinds driving sure, beneficial guidelines that made our business extra futureproof, I would be proud,” Lipinski concluded.


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Delhi-based online car rental start-up, Mytaxiindia.com (MTI), has been identified by Green House Ventures (GHV) for its 12-month accelerator programme for entrepreneurs.
MTI will receive seed funding of $100,000 from GHV, which gets 20 per cent equity in the company.
GHV will provide the necessary resources, strategy and mentorship that will enable it to scale faster.
Co-founded three years ago by Anshuman Mihir, Mohit Rajpal and Satyakam Rahul, MTI has a fleet size of 4,000 taxis in 102 cities and offers a complete spectrum of chauffeur drive services for personal and business requirements that can be booked online.
The start-up offers intra and inter-city travel, transfer service for airport and railway station, car rentals for events/marriages/conferences, car rentals for corporate travellers and for travel agents too.
“Unlike other online car rental companies, we are neither owners nor aggregators of taxis but we have adopted the affiliate business model where we work with taxi fleet operators across the country who we have on-boarded on our platform,” Anshuman Mihir, co-founder and CEO of My Taxi India Pvt Ltd, told BusinessLine .
MTI runs daily discount offers for customers and has a 24x7 customer support centre.
“Although we are profitable, we were missing key business metrics and struggling to raise institutional funding to scale up our operations. Now that we are selected for GHV’s accelerator programme, we will use the funds to expand to other cities, scale up our operations and launch a native mobile app in three months,” said Mihir. MTI aims to expand operations to 125 cities with one lakh active app users by March 2016.
Vikram Upadhyaya, Chief Mentor & Accelerator Evangelist at GHV, said MTI’s potential to grow 10 times in 12 months made it the ideal company to invest in.
GHV has strategic tie-ups with World Innovation Labs, a Japanese VC Fund, Nasscom’s 10,000 Start-ups Initiative and a mentors’ panel, including Rajan Anandan, Sharad Sharma and Rehan Yar Khan, that start-ups can leverage to reach the Series A milestone with ease.


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M&A deals worth billions derailed through antitrust action
The record high in M&A transactions last year was met with forceful regulatory response, with antitrust authorities slamming the breaks on deals valued at more than €60 billion (AUD$93.56 billion).
Allen & Overy’s Global Trends in Merger Control Enforcement Report, released this week, shows that 20 transactions worth more than €60 billion were prohibited or abandoned as a result of antitrust concerns last year.
Antonio Bavasso, co-head of Allen & Overy’s antitrust practice, said authorities have “responded firmly” to the increase in confidence by companies to engage in strategic deals.
The report, which analyses merger control activity across 16 jurisdictions, found that a further 92 deals required remedies.
Remedies are solutions to concerns from antitrust enforcement agencies, which can lead to deals being renegotiated and buyers acquiring less than intended.
In A&O’s report, 38 of the deals requiring remedies had those remedies agreed during the initial review period.
The remaining majority (54) were subjected to remedies following in-depth investigations.
The number of mergers referred to an in-depth investigation is still low compared to the overall number of transactions in any given year, and not all in-depth investigations resulted in antitrust intervention, according to the report.
The timeline for these in-depth investigations has increased due to the growing complexity of deals. Investigations generally took between five to eight months, and in some cases longer, according to the report.
A&O noted a significant shift in the types of remedies imposed. Authorities are more open to behavioural commitments relating to the future conduct of the merging parties, such as the licensing of a brand or asset or granting access to a network.
Hybrid remedies that combine both structural divestments and behavioural commitments are also becoming more common. In 2015, 37 per cent of remedies following in-depth investigations involved either standalone behavioural or hybrid remedies.
However, structural remedies are preferred to behavioural remedies in the US, according to Elaine Johnston, the co-head of Allen & Overy’s antitrust practice.
From a sector perspective, telecoms and life sciences mergers accounted for the highest ratio of antitrust intervention compared to the global volume of deals in these sectors.


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MoT working on key areas for digitalisation & traveller engagement: Jt. Secretary
M R Synrem, Joint Secretary, Ministry of Tourism, Government of India while highlighting the importance of India’s G20 Presidency said that Indian travel and tourism sector is providing an unparalleled opportunity to highlight its tourism offerings and success stories on the global stage. “The Tourism Track meetings under the G20 focused on key areas like sustainable development, digitalizstion and promotion of inclusive growth,” he added.
Addressing ‘FICCI’s 5th Digital Travel, Hospitality & Innovation Summit 2023’, Synrem stated that the Ministry of Tourism is working on key identified priority areas with major focus on digitalisation. “The National Integrated Database of Hospitality Industry (NIDHI) is one of the initiatives towards Atmanirbhar Bharat using technology to empower our businesses. ‘NIDHI’ is not just a database but poised to become a major gateway to opportunities in the hospitality industry.
Speaking on the initiatives of the government, Synrem said that the Ministry is developing platforms for personalisation and traveler engagement. “Today, digital technology allows us to collect and analyse data to create personalized experience. The Ministry will soon introduce several new initiatives with the existing helpline number ‘1363’ to address safety and security concerns of the travelers. We are working towards digitalization in the travel and tourism industry,” he noted.
Synrem further stated that post COVID, India has adopted technology in almost every sector. “Digital technology and innovation have revolutionised the travel and tourism industry and providing numerous benefits and enhancing the overall experience of travelers,” he added.
Dipak Deva, Chairperson, FICCI Tourism & Culture Committee & MD, Travel Corporation of India Ltd said that in this dynamic world marked by unprecedented technological advancements, the digital transformation journey is not an option but a necessity. “In this context, the travel and hospitality industry where the experience is everything, this transformation is especially critical,” he emphasised.
Ashish Kumar, Co-Chairperson, FICCI Travel Technology & Digital Committee said, “The travel industry is an extended arm and the largest segment of e-commerce sector. It is important to understand that everyone is now a consumer, not just a customer.”


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Burberry to Hold SS21 Show Outdoors, Digitally
The presentation will be open to all to experience.
Burberry has announced that it will show its Spring/Summer 2021 collection at an in-person event despite the ongoing coronavirus pandemic. Billed as a “live physical presentation that is open for all to experience digitally,” the event will take place at an undisclosed location in the “British outdoors.”
“As humans, we have always had a deep affinity to nature. We have had to respect and rely upon its power for our very existence, whilst marveling and reveling in its extraordinary beauty,” Burberry’s Chief Creative Officer Riccardo Tisci said of the upcoming presentation. “Especially recently, we have all yearned to reconnect again and for this show, I wanted to celebrate these feelings by bringing our community together in a creative experience that takes place within the beautiful, natural landscape of Britain.”
According to a press release, the show will be certified carbon neutral, achieved in part by offsetting any emissions through Burberry’s Regeneration Fund. The brand has not at this time revealed how it will enforce social distancing guidelines.
Burberry’s SS21 show is scheduled for September 17. Stay tuned as updates emerge.


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Mortal Kombat 11 Purposefully Delayed Adding Mileena To "Create An Appreciation"
For years, fans have been bombarding NeatherRealm Studios, begging them to add Mileena into Mortal Kombat 11. This all started basically since the game launched early last year. To the dismay of many, series creator Ed Boon shot down the idea, claiming it would never happen.
That is until Mileena's voice actress broke the news and fans wept tears of joy. According to an interview during Comic-Con, the studio hit the pause button on adding Mileena to "create an appreciation" and that he had no idea people felt this strongly.
"We hit pause on Mileena just to create an appreciation, but we had no idea it would be this intense. For years we were getting pounded by messages of 'I want to see Mileena again,' and we wanted to stretch that out."
Mileena, Rain, and Rambo will be headlining Mortal Kombat 11's Kombat Pack 2, which is included in Mortal Kombat 11 Ultimate if you don't have the game already. Ultimate will launch on November 19.
What do you think? Are you excited to see Mileena come back to the famous fighting franchise? Tell us below!


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Nokia Joins Microsoft, Windows Phone 7 on Future Devices
Yesterday we posted that Nokia were in negotiations with Microsoft with a view to adopting the Windows Phone 7 operating system for future Nokia smartphone, and well today confirmation has now come that Nokia and Microsoft will partner in a “strategic alliance.”
According to an article over on Engadget and by way of Nokia Conversations, Nokia CEO Stephen Elop along with Microsoft CEO Steve Ballmer announced Nokia’s adoption of Windows Phone 7 at their London event today.
Thus, Windows Phone will now become “primary smartphone strategy” with Nokia innovating on the mobile platform is such areas as imaging. Apparently Nokia’s Ovi Maps will become the core of Microsoft mapping and will be integrated into Bing, which will also provide search.
As for Nokia’s content store, well apparently that will be integrated into the Microsoft Marketplace, while new Nokia devices will now support Xbox Live and Microsoft Office.
Ballmer and Elop have put out an open letter on the partnership over on Nokia Conversations, and a short video of the announcement, which we have for your viewing pleasure below.
So there it is, good or bad, Nokia has now partnered Microsoft and will move forward in the hopes of regaining the high ground in the mobile space against Android and Apple, but can they achieve it?


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Liz Brodfuehrer is seamstress by trade and for the last week or so, she’s been using her craft to make masks for area medical workers.
“I’m at home with my kids and I don’t really have a lot of business, the shop is closed. We’re not essential,” said Brodfuehrer. “So, I thought, I have time, I have the materials, and I want to help.”
She makes them in about 6 minutes and she designed her own pattern.
“There’s been a huge movement, pretty much, as soon as the CDC said, it’s OK, to start wearing cloth masks over your N95 masks, or as a worst case scenario kind of thing, every sewist, really, in the country, just decided we’re all going to start making masks,” she said.


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Redland yesterday announced plans for a radical overhaul of its building materials operations that will create Europe's largest roof tiles manufacturer with sales of DM3bn (pounds 1.33bn). Details of the deal, which will involve a merger of its own interests with those of its successful German subsidiary, Braas, are likely to be unveiled within the next few weeks.
Robert Napier, chief executive, also said negotiations were at an advanced stage with four potential buyers of its UK bricks arm. In addition, discussions are in train to sell Redland's US brick operations, which will complete a reversal of the company's expansion in bricks early in the 1990s when it bought rival Steetley. Mr Napier admits now that Redland overpaid for that deal.
The ambitious deal with Braas comes as that company's core German activities face a rapid slowdown in construction activity. The underlying weakening in trading has been exacerbated in the early months of 1996 by poor weather across Europe, and Redland warned that first-half profits will not match those achieved in 1995.
Although Braas has given Redland exposure to the recent post-unification building surge in Germany, recession is taking its toll and Redland believes now is the right time to simplify the relationship between the two companies and reduce duplication of investment.
The shape of the proposed deal is still uncertain, but it is understood that Redland will inject its tile businesses, based in the UK, France, Spain and the Low Countries, into Braas, which focuses further east, in exchange for a mixture of cash and Braas shares.
Currently Redland owns 50.8 per cent of Braas and it is thought that the German company's minority shareholders are prepared to see that stake rise to about 60 per cent. A newly named company will be created, probably headed by a Braas-nominated chairman and with a board of directors taken from both Braas and Redland.
News of the restructuring accompanied full-year figures which underlined the difficult trading conditions facing Redland last year. Pre-tax profits before exceptional items fell 5 per cent to pounds 355.1m (pounds 373m), which Mr Napier said represented a strong management performance in the face of volume falls in most of its markets of up to 10 per cent. Price rises in line with inflation were pushed through and cost-cutting largely offset the volume-induced margin fall.
The reported profit figure of pounds 273.2m was hit further by an pounds 81.9m exceptional charge, mainly made up of book value write-offs at Genstar, Redland's aggregates operation in Maryland. A maintained final dividend of 11.2p, following the interim reduction, resulted in a full year total of 16.7p (19.4p).
In the UK, where Mr Napier said "the phones stopped ringing last March", volumes of sand, gravel, dry stone and ready mixed concrete all fell by more than 10 per cent. Higher prices offset much of the damage but the weaker housing market also hit brick demand, leading to a fall in UK profits from pounds 41m to pounds 35.2m.
Germany, the dominant profit contributor, saw an 11 per cent fall in DM profits, although currency movements limited the fall to pounds 3.6m, down to pounds 191m.Reuse content


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Hytec DeBartolo Rescinds Exclusive Purchase Agreement with Melling Tool Co.
The due-diligence process and subsequent business transaction, where Melling planned to purchase majority equity ownership in Hytec, is now null and void.
DeBartolo LLC has announced that a previously published exclusive
agreement with Melling Tool Co. has officially been rescinded. The
due-diligence process and subsequent business transaction, where
Melling planned to purchase majority equity ownership in Hytec, is now
null and void.
“There are occasions when business transactions divert from their
original plans, as was the case with our proposed agreement with
Melling,” stated Denis Bruncak, chairman and chief executive officer,
Hytec. “Our organization has the utmost respect for Mr. Mark Melling,
president and chief executive officer, Melling, and his entire
organization. We wish Melling continued success in all of their future
Bruncak added, “The dynamics of our business model have shifted in
another direction and we plan to leverage our current domestic
partnerships, along with our state-of-the-art Chinese manufacturing
capabilities, to make our company stronger and more responsive to our
customer’s needs and requirements. The automotive aftermarket, demands
replacement parts that match OEM specifications in form, fit and
performance at the most competitive price, and Hytec will continue to
meet these very stringent quality and operational demands.”
Hytec is a supplier of new water pumps for automobiles, light and
heavy-duty trucks, marine, high performance and industrial applications.


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It’s official, Kim Kardashian is a billionaire, according to Fox Business.
Forbes estimated that the reality TV queen turned social media mogul turned businesswoman is now worth $1 billion.
In October, Kardashian’s net worth was estimated to be around $780 million.
The jump in net worth can be accredited to her two latest business ventures, KKW Beauty and Skims.
Skims focuses on shape and loungewear for women.
Kardashian pulls in an esimated $10 million from her reality TV show “Keeping Up With The Kardashians” alone.
More from Fox Business:
She also has endorsement deals, social media sponsorships (Kardashian has 69.6 million Twitter followers and 213 million Instagram followers), multiple properties, video games, and investments in Disney, Amazon, Netflix, and Adidas.
The Kar-Jenner family also includes two other reported billionaires: Kardashian’s husband musician Kanye West and Kardashian’s sister Kylie Jenner from her makeup company and social media empire.
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