Supply Struggles Puts Brakes On US Manufacturing Growth In April
05/03/21 AT 11:06 AM
America s manufacturing rebound from the Covid-19 downturn slowed in April as factories struggled to obtain supplies, but companies were increasingly optimistic about the future, according to an industry survey released Monday.
The Institute for Supply Management (ISM) reported a surprise drop in its manufacturing index to 60.7 percent last month, four points lower than in March but still well above the 50-percent threshold indicating expansion.
ISM survey chair Timothy Fiore attributed the decline to snarls in supply chains that left factories either waiting for or bereft of raw materials.
The listed dealer group has announced it will offer reduced fees for advisers who choose to work part-time. In a statement, Centrepoint said the fee structure would “break new ground in the Australi
Lilly Q1 Profit Down; Cuts FY Profit View
INDIANAPOLIS (dpa-AFX) - Eli Lilly and Co. (LLY) reported a profit for the first quarter of 2021 that declined 7 percent from last year, hurt by lower operating income, partially offset by higher other income and lower income tax expense. But quarterly revenue increased 16 percent. The company reported worldwide revenue of $810.1 million in the latest-quarter for its COVID-19 antibodies.
In Tuesday pre-market trade, LLY was trading at $180.49 down $6.73 or 3.59 percent.
The company lowered its fiscal year 2021 earnings per share guidance to a range of $7.03 to $7.23 from the prior estimation of $7.10 to $7.75.
The company now projects annual non-GAAP earnings per share to be in the range of $7.80 to $8.00 compared to the previous outlook of $7.75 to $8.40. Analysts expect annual earnings of $8.32 per share.
Matson: Q1 Earnings Snapshot
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The Honolulu-based company said it had profit of $1.99 per share.
The ocean transportation and logistics services company posted revenue of $711.8 million in the period.
Matson shares have climbed 19% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $67.74, more than doubling in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MATX at https://www.zacks.com/ap/MATX Top Picks In Shopping
Digitalising cuts cost, saves time for firms
25 Apr 2021 - 11:46
Deepak John | The Peninsula
The pandemic has accelerated digital transformation and everything else about how technology drives business forward.
Organizations are under increasing pressure to stay competitive, create connected experiences and to digitize services quickly at scale to meet rising customer demands and create new revenue channels, said an expert during a webinar.
The Ministry of Transport and Communications (MoTC) recently organized a webinar on ‘Nurturing SMEs’. Greig Orrell, Business Development Director of SigniFlow for UK, Europe and Middle East, discussed how the Global Economy is being redesigned to modernize Small and Medium-size Enterprises (SMEs) which will be the winners in the new world order.