Supply chains lead to different fortunes for urban stalwarts
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Two companies experiencing very different supply chain disruptions reported this morning: Computacenter and De La Rue.
In a positive transaction update, computing center said its fourth-quarter results beat expectations. Adjusted pre-tax profit will be “slightly” above £250m – Computacenter’s 17th consecutive year of EPS growth. Difficulty getting computer hardware means customers order earlier than usual to avoid delays. Computacenter’s product order backlog hit an all-time high. But Computacenter said, “there are also significant underlying forces in the market.”
in the banknote printer from the streetHowever, shortages of chips and other raw materials, as well as rising supply chain costs, will weigh on profits. De La Rue said this year’s adjusted operating profit would be about the same as last year, at around £36m-£40m, instead of the £45m-£47m expected by analysts. Employee absences for Omicron and Delta models at its manufacturing plants also hampered its operational output. But the company said the issues represented a delay of about 12 months in its turnaround plan, rather than derailing it.
How long can a company see supply chain issues as an anomaly?tell me your idea [email protected]
In case you missed it yesterday, Nelson Peltz’s activist hedge fund Trian Partners is already on UnileverThere’s never been a quiet moment for the consumer goods giant.Our team has full story.
Rolls Royce A competition between the regions of England and Wales to manufacture sites for their small nuclear power plants has been launched. An industry consortium led by the Aerospace Group has written to several regional development agencies in England and the Welsh Government, asking them to advertise the site and pledge up to £200m in investment and up to 200 direct jobs.Correspondent Sylvia Pfeiffer There are more.
Brookfield It is expanding its hedge fund business into Europe, opening an office in London and hiring.hedge fund correspondent Lawrence Fletcher Has details on the relocation of a Canadian investment group known for its real estate, infrastructure and private equity investments.
Gaming operator Our casual journalists are bracing for another round of tough UK regulation Alice Hancock reports. The new rules may include a £2 wagering limit on online slot machines as well as restrictions on customer deposits and affordability checks.
The week started off slowly, but I’m getting ready for a busy Thursday (if that day’s newsletter is a few minutes late, you’ll know why).
bring britain on tuesday public sector borrowing data.bar group Marston’s and mitchell and the butler Both companies have annual general meetings, so it is likely that the market will be updated before then.
Airline’s third-quarter results on Wednesday Wizz Air, its epidemic is much better than traditional flagship airlines.Transaction Updates from Accounting Software Providers wise man (the first season), CMC Market (all year), retailers pets at home (Q3) and tall oil.
Deal updates from private equity groups on Thursday 3i, retailer dr martin, airline easyJet, mixer manufacturer fever tree, Insurance Company/Cruise Operator Saga and wealth managers St James’s Square in.Global beverage giant Diageo Announcement of half-year results, online trading platform also released IG Group. and there are monthly house price data from all over the country.
After all, Friday is quiet.Alternative lenders have a deal statement Paragon Bank, but nothing more.
beyond the square mile
Cathay Pacific Investors took notice of a full-year loss of $783 million (HK$6.1 billion) last year due to Hong Kong’s strict coronavirus restrictions.Stricter quarantine measures could mean the airline is burning through almost HK$193 a month coming in february.
Google Germany’s largest publisher and advertiser faces new resistance over its plans to phase out third-party cookies, Javier Espinoza reports from brusselsAxel Springer, publisher of Bild and Politico, was one of those who argued to the EU competition chief that Google’s move violated EU law – a move that could lead to dozens of The latest effort in a formal investigation into the US$100 million euro fine.
Volkswagen Fired a senior employee weeks after they alerted them to an alleged cybersecurity breach in their payments division, Joe Miller reportsThe payments business, which will soon be majority-owned by JPMorgan, is “vulnerable to fraud,” the manager said. VW said the information provided proved “irrelevant” and that “due to fundamental differences in the way we work together, the employee was fired.”
And more evidence venture capital Boom: Venture capital investment in Latin America tripled last year’s previous record. Investors raced to back fintech, e-commerce and real estate groups amid a $15 billion spending boom.Michael Puller full story from São Paulo.
Asked by our Associate Editor Patrick Jenkins which is better: Goldman Sachs, the $116 billion global banking giant, or Allied Irish Bank, one-fifteenth the size of the Irish government, but still majority-owned by the Irish government after a humble bailout 13 years ago? Judging from the stock price performance over the past year, it is AIB. But Patrick noted that both share a common problem: compensation.
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