Seadrill To Sell 7 Jack-ups In Saudi Arabia For $628 Mln Cash; Backs FY22 View

Premium Bonds: NS&I announces September 2022 winners – have you won?

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Premium Bonds: Expert on chances of winning prize draw in May

Their high value September winners have been chosen, and many Britons will want to check if they are thousands of pounds richer than they were yesterday. With energy bills set to rise, any extra cash could be vital for savers right now.

Two Premium Bond holders became millionaires this morning and the winning bond numbers are 409PT785413 and 324MB318235.

The first winner from Sefton bough their winning bond in August 2020. They held £50,000 in bonds.

The other September jackpot winner, from West Sussex, bought their winning bonds in February 2018. In total, they held £50,000 in Premium Bonds.

The September draw saw 10 people receive £100,000, 19 people receive £50,000 and 40 get a prize of £25,000.

Britons are urged to check to see if they have won any of the prizes ranging from £25 to £1million.

Johnson Service Posts H1 Profit, Reinstates Dividend; Sees FY22 Outturn In Line With Market View

Full-service recruitment firm Johnson Service Group PLC (JSG.L) reported Thursday that its first-half profit before taxation was 5.1 million pounds, compared to last year’s loss of 13.9 million pounds.

Earnings per share were 1.1 pence, compared to loss of 2.5 pence per share.

Adjusted profit before taxation was 11.2 million pounds, compared to loss of 11.1 million pounds last year. Adjusted earnings per share were 2.3 pence, compared to prior year’s 1.9 pence loss per share.

Adjusted EBITDA grew to 42.8 million pounds from 16.9 million pounds last year.

Total revenue surged to 176.2 million pounds from 99.6 million pounds a year ago. Organic revenue went up 73% from last year, and was broadly in line with pre-pandemic 2019.

Further, the Board has reinstated its dividend payments. An interim dividend of 0.8 pence per share will be paid on November 4 to those Shareholders on the register of members on October 7.

The Board also announced that, later this month, it intends to launch a share buyback programme for up to a maximum aggregate consideration of 27.5 million pounds up until the 2023 Annual General Meeting in early May 2023.

Looking ahead, the company expects the full-year outturn to be in line with current market expectations.

Pernod Ricard FY22 Profit From Recurring Operations Rises; Sales Up 17% Organic

Pernod Ricard (PDRDF.PK,PDRDY.PK,PRN.L) reported fiscal 2022 Group share of net profit from recurring operations of 2.12 billion euros, an increase of 32% from last year. Net earnings per share from recurring operations was 8.18 euros, up 32.7%.

Group share of net profit was 2.00 billion euros, up 53% reported, due to profit from recurring operations growth, reduced financial expenses and positive FX impact. The Group delivered organic operating margin expansion of 52 bps.

Net sales were 10.70 billion euros, up 21% from last year. Organic growth in net sales was 17%, for the fiscal year.

Alexandre Ricard, CEO, said: “While we are faced with a challenging and volatile environment, I am confident that our unique competitive advantages and the rapid deployment of our digital transformation will enable us to deliver our FY23 to FY25 medium-term financial framework.”

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German Unemployment Increases In August

Germany’s unemployment increased in August due to the registration of Ukrainian refugees, data published by the Federal Labor Agency revealed Wednesday.

The number of people out of work increased 28,000, as expected, after rising 45,000 in the previous month.

In turn, the jobless rate rose slightly to 5.5 percent in August from 5.4 percent in July. The rate came in line with expectations.

Despite the economic and political uncertainties, the labor market is robust, Federal Labor Agency Chief Andrea Nahles said.

“Unemployment and underemployment increased again more strongly in August than is usual for the time of year. However, this is still due to the registration of Ukrainian refugees,” Nahles added.

The labor force survey results from Destatis showed that the jobless rate fell to 3.2 percent in July from 3.4 percent in the same period last year.

The number of unemployed decreased 62,000, or 4.3 percent annually to 1.40 million in July. The adjusted jobless rate remained at 2.9 percent.

Employment increased by 25,000, or 0.1 percent compared with the previous month.

Destatis said the number of persons in employment has grown since spring 2021. It has remained largely unaffected by the Covid-19 infection waves and, as yet, by the consequences of the war in Ukraine.

Seadrill To Sell 7 Jack-ups In Saudi Arabia For $628 Mln Cash; Backs FY22 View

Seadrill Limited (SDRL), a deep water petroleum drilling firm, said on Thursday that it agreed with subsidiaries of ADES Arabia Holding Ltd., to sell its seven jack-ups in Saudi Arabia, for $628 million cash.

Upon completion of the transaction, expected to be in the fourth quarter, the AOD I, AOD II, AOD III, West Callisto, West Ariel, West Cressida, and West Leda will be owned by ADES.

In addition, the reimbursement to Seadrill for costs at the time of closing with regard to the reactivation of the three stacked jack-ups including, West Ariel, West Cressida, and West Leda, is expected to be at around $100 million per rig on a ready to drill basis.

ADES will continue to employ the current staff working for the rigs, and will hold the drilling contracts related to the rigs.

Seadrill also said that the Jack-up sale is not expected to have a material impact on its revenue and adjusted EBITDA guidance for 2022.

For the full-year, the company still expects adjusted EBITDA to be in the range of $240- $280, on sales of $1.05 billion to $1.12 billion.