National Express Buys Spain’s Transportes Rober For EUR 13 Mln; Says Trading Slightly Ahead Of View
Public transport company National Express Group Plc. (NEX.L) announced Tuesday the acquisition of Transportes Rober in Spain for headline consideration of 13 million euros.
Rober has operated the urban bus contract in Granada for more than 20 years.
The company said the acquisition of Rober represents a further step in consolidating the regional and urban bus markets, a strategy which ALSA has successfully executed in Galicia, the Basque Region and Leon amongst others.
National Express further said its trading performance across the group continues to improve, slightly ahead of management expectations.
The company has continued to win new contracts, mainly in corporate shuttle both in North America and the UK.
The company said it will give a further update with the interim results on July 29.
Ignacio Garat, CEO of National Express said, “I am delighted that in addition to maintaining tight control on costs, we are able to focus on growth and continue our successful ‘consolidate and compound’ strategy. The acquisition of Rober adds another revenue-protected contract to ALSA, consolidating its leadership position in another region, further diversifying its revenue streams and delivering operational synergies.”
States Where COVID-19 Cases are Falling Fastest
As a growing number of Americans are vaccinated, new cases of COVID-19 are falling in the United States. There were an average of 3.0 new daily cases of the virus for every 100,000 Americans over the past week, down from an average of 5.1 new daily cases per 100,000 the week before.
Nationwide, the average number of new daily infections has increased in two states, decreased in 43, and remained effectively unchanged in five over the past week.
In total, there have been about 33,164,000 documented cases of the novel coronavirus in the United States since the first known infection was identified in Washington state on Jan. 21, 2020.
Though the first case of the virus in the United States was on the West Coast, the early epicenter of the outbreak was on the other side of the country, in New York City. In the months since, the parts of the country hit hardest by the virus shifted to the Southeast, the Midwest, and California.
The current decrease in cases nationwide is being driven disproportionately by Texas and Alabama, the two states where the average number of new daily cases is declining the fastest on a per capita basis.
To date, North Dakota has had the highest number of COVID-19 cases per capita of any state, at 14,537 for every 100,000 people. Nationwide, there has been a total of 10,137 cases per 100,000 people.
All COVID-19 data used in this story is current as of June 20, 2021. It is important to note that in some states, weekly infection rates may include cases of the virus that occurred earlier but were not previously counted.
Coming Home Is Anything but Easy in This ‘Millennial Noir’
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By Jakob Guanzon
ALL THE WATER I’VE SEEN IS RUNNING
By Elias Rodriques
The longer you’re gone, the slipperier coming home gets. To reconcile the person you’ve become with the one old friends remember is as easy as telling the tide not to rise.
Gold Slips Ahead Of Powell Testimony
Gold prices edged lower on Tuesday and the dollar index traded flat as investors await testimony from Fed Chair Powell for further guidance on the recent surprise shift in the central bank’s policy outlook.
Spot gold slipped 0.1 percent to $1,781.53 per ounce, while U.S. gold futures were down 0.1 percent at $1,781.35.
Gold prices slumped 6 percent last week, marking their biggest weekly slide since March 2020, after the Federal Reserve raised its forecast for inflation and shifted up the timeline for a rate hike.
Higher bond yields and interest rates reduce the opportunity cost of holding gold, a non-interest bearing asset.
Powell will testify before the U.S. House of Representatives Select Subcommittee on the Coronavirus Crisis later in the day.
He is due to discuss the Fed’s response to the pandemic but could also face questions about the outlook for monetary policy.
In his prepared remarks for hearing before Congress, Powell said that the current surge in inflation is likely to be transitory and it could move back to the Fed’s 2 percent target when supply imbalances are resolved.
The Fed chief gave a positive assessment of the labor market, saying that employment should pick up in coming months as vaccinations progress and the economy emerges from the pandemic.
“We at the Fed will do everything we can to support the economy for as long as it takes to complete the recovery,” Powell noted.
Powell’s remarks soothed some of the concerns about earlier-than-expected tapering and rate hikes by the Fed.
NetApp Buys Data Mechanics; Terms Not Disclosed – Quick Facts
NetApp Inc. (NTAP), a cloud-led, data-centric software company, announced Tuesday that it has acquired Data Mechanics, a managed platform provider for big data processing and cloud analytics. Financial details of the transaction were not disclosed.
Data Mechanics helps businesses capitalize on Apache Spark, an open-source unified analytics engine for large-scale data processing and machine learning, in Kubernetes. It has offices in Paris, France.
NetApp earlier acquired Spot, now Spot by NetApp, a CloudOps provider that automates and optimizes workloads running in public cloud environments. Following the acquisition, Data Mechanics’ team and IP will be integrated with the Spot by NetApp team and portfolio.
The acquisition is expected to accelerate the development of NetApp’s recently announced Spot Wave solution, which simplifies, optimizes and automates Spark workloads running in public clouds.