Imperial Oil Slips To Loss In Q4 – Quick Facts

Molotov cocktail thrown near synagogue in north London

A molotov cocktail has been thrown at a synagogue in Golders Green, London, it has been reported.

Golders Green Road has now been closed in connection with the incident and emergency services are at the scene.

CST, a charity helping Jews with security and anti-Semitism in the UK, stated that they were working with the police to determine what happened.

This is a breaking news story, more to follow soon…

‘Shark Tank’ Star Daymond John Signs First-Look Deal With Audible

EXCLUSIVE: Amazon-owned Audible is continuing to ramp up its development slate with a first-look deal with Shark Tank star Daymond John.

One of the sharks on the ABC business reality series will create a slate of audio shows for the digital platform. The projects will provide help for aspiring entrepreneurs with the idea of amplifying Black voices.

The founder of apparel company’s first show is set to be released in early 2021, although no details were offered on the project.

Daymond John said, “By working with Audible, we can create a unique audio experience that expands the reach of the knowledge woven throughout the Originals. My overarching goal is always to share what I’ve learned throughout my own experiences – even and especially the adversity and failures – to as wide of an audience as possible in the hopes that I can provide a better path for those taking their own entrepreneurial journey. Audible is a true innovator in the audio space and the ideal collaborator for carrying these messages.”

Rachel Ghiazza, Executive Vice President, Head of US Content at Audible added, “Daymond John has an acumen for business building and an ease with explaining how to achieve ambitious goals. We’re proud to add his experienced voice to our growing original content slate. His point-of-view will help deepen listeners’ understanding of the challenges and triumphs of Black entrepreneurs.”

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Uber to acquire alcohol marketplace Drizly for $1.1 billion

FILE PHOTO: A screen displays the company logo for Uber Technologies Inc at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid/File Photo

(Reuters) – Uber Technologies Inc said on Tuesday it will acquire on-demand alcohol marketplace Drizly for about $1.1 billion in stock and cash.

M/I Homes Q4 Profit Beats Estimates, But Revenues Miss – Quick Facts

M/I Homes, Inc. (MHO), a builder of single-family homes, reported Tuesday that its net income for the fourth quarter rose to $80.1 million or $2.71 per share from $41.8 million or $1.44 per share in the previous-year quarter.

Adjusted earnings for the quarter were $2.95 per share, compared to $1.57 per share in the prior-year quarter.

Total revenue for the quarter grew 22 percent to $906.43 million from $742.15 million in the year-ago quarter.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $2.42 per share for the quarter on revenues of $961.99 million. Analysts’ estimates typically exclude special items.

M/I Homes noted that homes delivered in the latest quarter increased 17 percent an all-time quarterly record of 2,242 from 1,921 in the year-ago period. New contracts rose 27 percent to 2,128 from 1,677 last year.

Backlog units increased 64 percent to 4,389, a fourth quarter record, and backlog sales value reached $1.8 billion, an all-time quarterly record.

Franklin Resources Inc. Q1 adjusted earnings Beat Estimates

Franklin Resources Inc. (BEN) revealed a profit for first quarter that declined from the same period last year.

The company’s bottom line came in at $345.3 million, or $0.67 per share. This compares with $350.5 million, or $0.70 per share, in last year’s first quarter.

Excluding items, Franklin Resources Inc. reported adjusted earnings of $373.4 million or $0.73 per share for the period.

Analysts had expected the company to earn $0.72 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 43.2% to $1.99 billion from $1.39 billion last year.

Franklin Resources Inc. earnings at a glance:

-Earnings (Q1): $373.4 Mln. vs. $338.3 Mln. last year.
-EPS (Q1): $0.73 vs. $0.67 last year.
-Analysts Estimate: $0.72
-Revenue (Q1): $1.99 Bln vs. $1.39 Bln last year.

Imperial Oil Slips To Loss In Q4 – Quick Facts

Imperial Oil Ltd. (IMO,IMO.TO) on Tuesday reported net loss for the fourth quarter of C$1.15 billion or C$1.56 per share, compared to net income of C$271 million or C$0.36 per share in the year-ago period.

The net loss for the quarter includes a non-cash impairment charge of C$1.17 billion.

Total revenues and other income for the quarter fell to C$6.03 billion from C$8.12 billion in the year-ago period.

On average, analysts polled by Thomson Reuters expected the company to report earnings of C$0.08 per share for the quarter on revenues of C$6.74 billion. Analysts’ estimates typically exclude special items.

The company’s production averaged 460,000 gross oil-equivalent barrels per day in the quarter, up from 398,000 barrels per day in the same period of 2019. In the latest quarter, the company delivered its highest quarterly production in 30 years, driven by record production at Kearl.

Imperial Oil said its capital and exploration expenditures for 2020 were C$874 million, in line with the company’s most recent guidance of C$900 million, and less than half of 2019 expenditures.

For fiscal 2021, the company projects capital expenditures of about C$1.2 billion.