HEIDELBERG makes a successful start to the 2022/23 financial year
Sales show clear growth, increasing by 20 percent to 530 million euros High customer demand results in incoming orders worth 607 million euros The large order book of 969 million euros provides a solid basis for the rest of the year Significant improvement in the operating result: EBITDA increases by 20 million euros to 35 million euros Positive net result after taxes: 5 million euros The forecast for the 2022/23 financial year is confirmed HEIDELBERG, Germany, August 10, 2022 /PRNewswire/ — Heidelberger Druckmaschinen AG (HEIDELBERG) has successfully started the new financial year 2022/23. The first quarter saw significant improvements in…
Read More »FINANCIAL UNCERTAINTY: Better representation is needed at all levels
I have always voted for schools, but the recent tax proposal that we will be voting on on August 30th and what the state will do next session has left me very confused as to how it will affect my limited financial resources. If I pass the local tax and then our state legislature imposes another financial hit, that could be devastating to the finances of those people who are barely hanging on to their homes. It is inconceivable that with more than a billion dollar surplus in Idaho coffers, we still have a grocery tax and face another hit…
Read More »Arsenal’s crypto ads banned for ‘misleading’ fans.
Britain’s advertising watchdog has banned two Arsenal Football Club ads over its crypto-based fan token scheme, saying they were misleading fans about the risks of investing in cryptocurrency. The Advertising Standards Authority said the club did not make it clear that the value of token investments could go up or down, or that crypto assets were not regulated. The ruling was the ASA’s second against Arsenal after the club appealed against an earlier decision last year. Arsenal’s fan token scheme allows fans to buy a non-fungible token through the company NFT Socios, giving them voting rights on club decisions in…
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Investors threaten financial stability of healthcare providers: New study
Credit: Pixabay/CC0 Public Domain There is growing alarm that Wall Street players are increasingly buying up hospitals, nursing homes and other providers for “outsized returns.” These investors have little or no knowledge of healthcare, many say, and treat it simply as a financial asset to be bought and sold, not a social good. These findings are documented in research by ILR Professor Rosemary Batt and Eileen Appelbaum, co-director of the Center for Economic and Policy Research. In their new study, Batt and Appelbaum describe how investors are undermining the financial stability of hospitals and nursing homes by selling their real…
Read More »The unexpected triumph of Joe Biden
Fourteen years ago, I told a well-informed friend that Barack Obama was considering choosing Joe Biden as his running mate in the 2008 election. “You’ve got to be kidding me,” was the response. “Biden has had a great time.” Similar obituaries were written just two weeks ago, as Biden’s poll numbers dipped even below Donald Trump’s nadir. Yet here we are. America’s longest-serving president can now boast a stronger legislative record in less than two years than Obama or Bill Clinton accomplished in eight. It turns out that low expectations are Biden’s secret weapon. None of this means Biden will…
Read More »Why workplace ‘jokes’ are bad news for financial services
Samar Yanni is Head of Membership and Professional Standards at the Chartered Institute for Securities & Investment. Stella Chandler is director of Focal Point Training A recent survey by the Chartered Institute for Securities & Investment and Focal Point gave shocking results about the impact of pranks in the workplace. Before we delve into the statistics, it’s important to be clear about what we mean by a joke. Ask people for a definition, and many will pick the positives, such as “laughing with colleagues” or “jokes that bond the team.” But when jokes cross the line, they can have a…
Read More »Groupon to lay off 500 employees as struggling online marketplace seeks financial turnaround
Groupon is laying off 500 employees, or nearly 15% of its global workforce, as the Chicago-based online marketplace looks to cut costs amid falling revenue. The total includes 293 positions associated with the headquarters at 600 W. Chicago Ave., although many employees work remotely, Groupon spokesman Nick Halliwell said Monday evening. The company saw a 42% decline in revenue and a loss of $90 million in the second quarter, according to an earnings report on Monday. The weaker-than-expected results prompted Groupon to implement a $150 million cost-cutting strategy that includes “streamlining” its real estate footprint, transitioning to a “self-service” commercial…
Read More »Paytm partners with Piramal Finance
Expand the distribution of commercial loans to small towns and villages in India One 97 Communications (Paytm) announced a partnership with Piramal Capital & Housing Finance, here referred to as Piramal Finance, to expand the distribution of commercial loans to small towns and villages in India. Piramal Capital & Housing Finance is a wholly owned subsidiary of Piramal Enterprises and a financial services company established in India. This partnership will expand Paytm’s loan distribution business, supported by Piramal Finance’s extensive network of over 300 branches across India. It will also help drive financial inclusion by facilitating access to credit for…
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