Money: Recovery signs boost jeweller Pandora despite profit drop - PressFrom - United Kingdom
  •   
  •   

MoneyRecovery signs boost jeweller Pandora despite profit drop

14:05  20 august  2019
14:05  20 august  2019 Source:   reuters.com

Celtic supporters draw Peaky Blinders comparison as young goalkepeer signs professional deal

Celtic supporters draw Peaky Blinders comparison as young goalkepeer signs professional deal The latest series of ‘Peaky Blinders’ looks set for a big plot twist, as lead character Thomas Shelby signs for Celtic. That’s what many supporters are saying, anyway, following the news that youngster Vincent Angelini has signed his first professional contract with the Hoops. Celtic announced the news on their official Twitter page and many, including myself, had to do a double-take at the photograph used, with supporters instantly comparing the youngster to Cillian Murphy, a.k.a Thomas Shelby from ‘Peaky Blinders.

The sequel to Pandora Recovery provides file recovery tools with concise results. Download this free file recovery software to drill deep and restore your files now. Just as easily as data can be lost, it can be recovered intact in most cases with the right data recovery solution.

The Dutch electronics maker said net profit fell 23% during the second quarter due to unfavorable exchange rates and the suspension of its health care plant in Cleveland, but said earnings should improve in the second half of the year compared with the same period last year.

Recovery signs boost jeweller Pandora despite profit drop © Reuters/JACOB GRONHOLT-PEDERSEN A Pandora sign is seen at the company's headquarters in Copenhagen

Smaller sales declines in key markets Britain and Italy and a step up in restructuring efforts helped to lift Danish jewellery maker Pandora's beaten down shares on Tuesday, despite a drop in second-quarter earnings.

The shares, which had fallen about 10% this month, were up 6.5% at 248.30 Danish crowns at 0740 GMT.

Pandora, best known for its customisable silver charm bracelets, is struggling after new jewellery lines failed to entice shoppers, but is buying back older ranges from franchises and slimming down collections to try to improve its performance.

Adidas shares drop on disappointing results, co sticks to outlook

Adidas shares drop on disappointing results, co sticks to outlook Adidas shares drop on disappointing results, co sticks to outlook

How it works. Drop us your dropbox email.

LONDON (Reuters) - British energy company BP’s second-quarter profit dipped but beat forecasts after an exploration write-off in Angola, while a 10 percent rise in oil and gas production from a slew of new projects gave shares a strong boost . BP also increased cash flow from operations in a further sign

Recovery signs boost jeweller Pandora despite profit drop © Gettty

Sales from stores open more than a year fell 10% in the second quarter from the same period last year - the same as in the first quarter.

However, like-for-like sales in Britain and Italy were down 8% and 10% respectively, compared with first quarter slumps of 13% and 22%, after a pick up in marketing spending.

"We dialled up the volume on our media investments by a factor of two in order to try and see if we could move the needle on traffic. And that has been very successful," newly appointed CEO, Alexander Lacik, told Reuters.

"We got a very strong return on investment," he added, saying the initiative would be implemented across other key markets.

Gallery: 15 companies facing a make-or-break 2019 (Love Money)

Pandora said restructuring costs were now likely to be "up to 2.0 billion" crowns, compared with a previous estimate of up to 1.5 billion crowns (183.89 million pounds).

William Hill profit hit by regulatory cap, U.S. expansion costs

William Hill profit hit by regulatory cap, U.S. expansion costs William Hill profit hit by regulatory cap, U.S. expansion costsGallery: 

BP’s 2Q profit dipped but beat forecasts after an exploration write-off in Angola. BP also increased cash flow from operations in a further sign that efforts by top oil companies to cut costs since the 2014 price slump are paying off as it expects oil prices to hold at around a barrel into next year.

JetBlue shares were taking off on Tuesday despite a drop in first quarter profits . When the company first announced that its results would be weak, the stock dropped . It has since been cutting back capacity growth in some markets, and expects to be able to boost the profitability of its routes.

"We've upped that bill because we've simply found more dead wood in the business," Lacik said.

The company will also simplify its product portfolio.

"As an example we have, I think, 150 different variations of a heart on a charm. And when you speak to customers, they clearly don't see the incremental value," the CEO said.

Explaining Pandora's share price rise, Sydbank analyst Soren Lontoft Hansen said: "I think that investors are reacting to the correct diagnosis of the challenges in the company."

Pandora's second-quarter earnings before interest, tax, depreciation and amortisation fell 13.7% to 1.29 billion crowns ($192 million), but the company kept its full-year guidance.

Explore the issues faced by the UK’s most vulnerable children and young people this summer and discover what you can do to help.

Surging membership and new openings boost The Gym Group.
The company saw gym membership numbers bounce 10.6% higher to 790,000 for the six months to June.

—   Share news in the SOC. Networks

Topical videos:

usr: 1
This is interesting!