Volkswagen, IG Metall agree wage deal
BERLIN (Reuters) – Volkswagen has agreed a wage deal for its staff with trade union IG Metall, a spokesman told Reuters on Tuesday.
IG Metall will provide more details about the deal at a news conference at 1000 CET, the spokesman said.
Royals back Queen and vow to be at her side in Philip's place at public events
FDA Approves Roche’s Xolair Prefilled Syringe For Self-Injection Across All Indications
Roche (RHHBY) said Tuesday that it has received an approval from the U.S. Food and Drug Administration for its supplemental Biologics License Application of Xolair or omalizumab prefilled syringe for self-injection across all approved U.S. indications.
Xolair is the FDA-approved biologic designed to target and block immunoglobulin E (IgE) for the treatment of moderate to severe persistent allergic asthma, chronic idiopathic urticaria and nasal polyps.
The company noted that appropriate patients will now have the flexibility to administer Xolair from home, which is particularly important for those who are considered high-risk during the COVID-19 pandemic.
Xolair, which was first approved in the U.S. in 2003 to treat allergic asthma and is now also approved for chronic idiopathic urticaria and nasal polyps, previously required a healthcare professional administration.
In the U.S., Roche’s Genentech and Novartis work together to develop and co-promote Xolair.
Age range for Covid vaccines lowered again from today
JD Sports Fashion FY Pretax Profit Declines; Revenue Up 1%
JD Sports Fashion Plc (JD.L) reported that its profit before tax decreased by approximately 7% to 324.0 million pounds for the 52 weeks ended 30 January 2021 from 348.5 million pounds, last year. Earnings per ordinary share was 23.05 pence compared to 25.29 pence. Profit before tax and exceptional items decreased to 421.3 million pounds from 438.8 million pounds. Adjusted earnings per ordinary share was 32.19 pence compared to 34.26 pence.
On proforma IAS 17 basis, profit before tax declined to 355.3 million pounds from 375.3 million pounds, last year. Headline profit before tax and exceptional items was 460.1 million pounds compared to 465.6 million pounds. Adjusted earnings per share decreased to 36.19 pence from 36.41 pence.
Fiscal year total revenue increased by approximately 1% to 6.17 billion pounds from 6.11 billion pounds, prior year.
The Board proposed paying a final dividend of 1.44 pence per ordinary share. The proposed final dividend will be paid on 2 August 2021 to all shareholders on the register at 25 June 2021.
Bally’s, Gamesys Announce Terms Of Combination – Quick Facts
The Bally’s Board and the Gamesys Board have agreed upon the definitive terms of the combination. Each Gamesys shareholder will be entitled to receive: 1,850 pence in cash for each Gamesys share. Also, the Gamesys Board has proposed a final dividend in respect of the year ended 31 December 2020 of 30.7 million pounds in aggregate, which would equate to 28 pence per Gamesys share.
Bally’s will also make available the share alternative, pursuant to which scheme shareholders may elect to receive new Bally’s shares in lieu of part or all of the cash consideration, using the exchange ratio: for each Gamesys share, 0.343 new Bally’s shares.
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XP Power Limited Issues Trading Update – Quick Facts
XP Power Limited (XPP.L) reported that its trading in the first quarter has been in line with the Board’s expectations. First quarter revenue was 57.1 million pounds compared to 49.1 million pounds, last year. Revenue was up 23% year-on-year on a constant currency basis and 16% ahead as reported. Order intake was up 7% on a constant currency basis and 1% ahead as reported.
The Board has recommended a dividend for the first quarter of 18 pence per share, which will be paid on 14 July 2021 to shareholders on the register at 18 June 2021.
The Group stated that it is encouraged by first quarter order intake, which underpins its confidence in delivering underlying revenue growth for the full year.
Bitcoin hits all-time high: Cryptocurrency explodes over $62,000 for first time
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This year has seen the cryptocurrency post massive gains compared to 2020, and has spiked by more than 1,000 percent over the past 12 months.
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