Serco Group Now Targets FY Organic Sales Growth Of Approx. 15% – Quick Facts
Serco Group Plc (SRP.L) reported that it has achieved strong revenue growth in the third quarter. As a result, for the full year, the Group upgraded its revenue guidance to around 3.9 billion pounds and underlying trading profit to 160 million pounds to 165 million pounds. The Group noted that this would represent organic growth in revenues of around 15%, growth in underlying trading profit of over 30%, for the full year.
Serco Group now expects adjusted net debt to be between 100 million pounds and 150 million pounds at the end of December. The Group said it will take a decision about dividends previously withdrawn (2019 final) or deferred (2020 interim) in December.
European new car sales rise by 1.1% year-on-year in September: ACEA
- New car registrations hit 1.3 million vehicles in the European Union, Britain and the European Free Trade Association, according to figures from the European Automobile Manufacturers' Association.
- Europe's five largest markets did, however, post mixed results.
European car registrations rose slightly in September, the first increase this year, industry data showed on Friday, suggesting a recovery in the auto sector in some European markets where coronavirus infections were lower.
In September, new car registrations rose by 1.1% year-on-year to 1.3 million vehicles in the European Union,
Britain and the European Free Trade Association (EFTA) countries, statistics from the European Automobile Manufacturers' Association (ACEA) showed.
Europe's five largest markets, however, posted mixed results. Spain, the United Kingdom and France reported losses, while registrations rose in Italy and Germany, the data showed.
Volkswagen Group's and Renault sales rose by 14.1% and 8.1% in September respectively, while PSA Group reported a drop of 14.1%.
Luxury automakers posted losses in September with BMW's sales falling 11.9% and rival Daimler's reporting a 7.7% drop.
In the first nine months of the year, sales dropped by 29.3% as the coronavirus lockdown forced carmakers to close showrooms across Europe.
J D Wetherspoon Posts FY Loss
J D Wetherspoon plc (JDW.L) reported that its loss for the 52 weeks ended 26 July 2020 was 97.56 million pounds or 89.9 pence per share, compared to profit of 72.78 million pounds or 69.0 pence per share, in the prior year.
Loss before tax was 105.36 million pounds compared to profit 95.42 million pounds in the previous year.
Pre-IFRS 16 loss before tax and exceptional items were 34.1 million pounds, compared to profit of 102.5 million pounds last year. Loss per share, including shares held in trust by the employee share scheme, before exceptional items, were 27.6 pence, compared to earnings per share of 75.5 pence in the prior year.
Total sales for the financial year were 1.26 billion pounds, a decrease of 30.6% from last year. Like-for-like sales decreased by 29.5%. Bar sales decreased by 29.3%, food sales by 30.1%, slot/fruit machine sales by 20.9% and hotel room sales by 38.7%.
“As a result of recent changes in regulations, the outlook for pubs over the remainder of the current financial year is even more unpredictable than hitherto,” the company said.
The company said it did not pay interim dividend in March 2020. The board is not proposing a final dividend payment for the year.
Live Updates: Amy Coney Barrett's Senate confirmation hearing
Witness testimony on final day of Judge Amy Coney Barrett confirmation hearings
‘Fox News @ Night’ host Shannon Bream and George Washington University Law Professor Jonathan Turley weigh in.
Judge Amy Coney Barrett faced her third day of Supreme Court confirmation hearings on Thursday.
The final day of testimony began with two hours of partisan conflict before anyone even took the stand, but by the end of the day, the top-ranking Republican and Democratic members of the Senate Judiciary Committee embraced in friendship.
Sens. Lindsey Graham, R-S.C., and Dianne Feinstein, D-Calif., never let their deeply held political convictions get the better of them or their relationship, even after long days marked by distrust between Democrats and Republicans.
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Nagorno-Karabakh says death toll among its military rises to 633 since start of conflict
YEREVAN (Reuters) – The defence ministry of the Nagorno-Karabakh region said on Friday it had recorded another 29 casualties among its military, pushing the military death toll to 633 since fighting with Azeri forces erupted on Sept. 27.
The fighting has surged to its worst level since the 1990s, when some 30,000 people were killed.
Live updates: Hunter Biden emails and the presidential race
Hunter Biden email debate: Breaking down the New York Post report
Fox News contributor Deroy Murdock, commentator Ethan Bearman and ex-DOJ official John Yoo debate on ‘Fox News @ Night.’
Newly obtained emails provide more details about Hunter Biden’s purported overseas business dealings dating back to 2015, including alleged efforts to secure a lucrative relationship with a Chinese energy firm and discussions with top Burisma executive Vadym Pozharskyi.
One email, dated Aug. 2, 2017 and sent by “Robert Biden,” involves a deal where it appears Hunter Biden is seeking at least $10 million per year.
The Biden campaign said "Investigations by the press, during impeachment, and even by two Republican-led Senate committees whose work was decried as 'not legitimate' and political by a GOP colleague have all reached the same conclusion: that Joe Biden carried out official U.S. policy toward Ukraine and engaged in no wrongdoing. Trump administration officials have attested to these facts under oath.”
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