By : Jacob Gronholt-PedersenCOPENHAGEN : Danish jewellery maker Pandora on Wednesday lifted its profit guidance for the second quarter as shops had reopened and consumers had returned to shops faster than expected.The world's biggest jewellery maker was forced to close almost all its 2,746 shops worldwide in the first quarter due to the coronavirus lockdown, but that 86% of stores had reopened by the end of June.The company now expects second-quarter earnings before interest and taxes (EBIT) before restructuring costs to break even, compared with its previous guidance in May of negative EBIT for the period."The better than expected financial performance is a result of faster re-opening of markets, slightly quicker traffic recovery to re-opened stores and continued strong online performance," the company said in a statement.Some analysts warned in March the crisis could be a threat to the struggling company's efforts to revive its fortunes.But Pandora's share price has more than doubled … [Read more...] about Jewellery maker Pandora says consumer returning faster than expected
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The source continued: 'Thankfully all of the episodes she appears in on the boat along the Thames have been shot, so her suspension didn't cause any chaos to the soap's big birthday week.' … [Read more...] about EastEnders’ Jessie Wallace goes makeup free as she heads out in a low-key tracksuit… after returning to filming following her suspension
Luis Suarez returned from injury against Valencia and was back with a bang scoring twice in just 30 minutes after he came off the bench. The Uruguayan superstar has certainly seen a dip in form, but with Lionel Messi missing through an injury, expectations will be high from Suarez against a strong side like Borussia Dortmund. … [Read more...] about Borussia Dortmund vs Barcelona: Three key battles
However, the city’s growth rate has recently decreased. The reason is that Ho Chi Minh City has been allowed to keep just 18 percent of its annual revenues and submit the rest to the national budget in the 2017-2020 period, said Secretary of Ho Chi Minh City Party Committee Nguyen Thien Nhan. … [Read more...] about HCMC promptly implements key task of providing COVID-19 relief loans to business
Share price of Crompton Greaves Consumer Electricals Ltd. gained 1.0 per cent to Rs 242.4 at 11:07AM (IST) in Thursday's trade. The counter hit a high of Rs 244.75 and low of Rs 236.7 so far during the session. The stock had closed at Rs 240.0 in the previous session. The counter had a total traded volume of 11:07AM shares so far with a turnover of Rs 0.18 crore on BSE. The stock traded at a price-to-earnings multiple of 30.63 and a price-to-book ratio of 10.36. A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business. Crompton Greaves Consumer Electricals Ltd. belongs to the Electronics/Electricals industry. Promotor/FII Holding Promoters held 0.0 per cent stake in the company as of 31-Mar-2020, while overseas … [Read more...] about Share price of Crompton Greaves Consumer Electricals Ltd. jumps as Sensex gains 230.18 points
The lesson from similarly indebted developing countries overseas is that debt itself is losing its appeal as a political battleground as central banks get more and more used to inventing money to buy government debt. It gives governments a backstop, allowing them to take a more leisurely route back to surplus, if that’s where they even want to go. … [Read more...] about Is Todd Muller the heir to Key and English — or does he have his eye on a bigger prize?