Retail Market In China to Accelerate at a CAGR of Almost 10% during 2021-2025|Market Planning Structure|Technavio

PR Newswire
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in GTT Communications, Inc. of Class Action Lawsuit and Upcoming Deadline - GTT
Pomerantz LLP announces that a class action lawsuit has been filed against GTT Communications, Inc. ("GTT" or the "Company") (NYSE: GTT) and certain of its officers. The class action, filed in United States District Court for the Central District of California, and docketed under 21-cv-00839, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired GTT publicly traded securities from May 5, 2016 through November 9, 2020, inclusive (the "Class Period"), seeking to pursue remedies under the Securities Exchange Act of 1934 (the "Exchange Act"). Plaintiff alleges that Defendants violated the Exchange Act by publishing false and misleading statements to artificially inflate the Company's stock price.
3m ago
GlobeNewswire
IDEX Biometrics: Employee Share Purchase Plan - 2 March 2021
The board of directors of IDEX Biometrics ASA has resolved to issue 1,060,179 ordinary shares at NOK 1.83 per share to employees who participate in the company’s Employee Share Purchase Plan (ESPP), which plan was approved by the annual general meeting on 15 May 2020. 53 employees participated in the ESPP in this period. The participating employees have elected to invest a part of the base salary in ordinary shares in the company. Purchase takes place every three months. The shares are restricted for three months. Following the issue, the Company's share capital will be NOK 137,463,240.15 divided into 916,421,601 shares each with a nominal value of NOK 0.15. Primary insidersCertain primary insiders acquired shares as follows: CEO Vince Graziani acquired 23,093 ordinary shares. After the transaction, Mr. Graziani holds the equivalent of 983,332 ordinary shares and 5,000,000 incentive subscription rights to ordinary shares in IDEX. CFO Derek D’Antilio acquired 51,960 ordinary shares. After the transaction, Mr. D’Antilio holds the equivalent of 847,386 ordinary shares and 2,000,000 incentive subscription rights to ordinary shares in IDEX. CTO Anthony Eaton acquired 2,989 ordinary shares. After the transaction, Mr. Eaton holds 252,564 ordinary shares and 1,452,800 incentive subscription rights to ordinary shares in IDEX. VP Finance Erling Svela acquired 14,606 ordinary shares. After the transaction, Mr. Svela holds 353,465 ordinary shares and 1,061,200 incentive subscription rights to ordinary shares in IDEX. IDEX 2020 ESPPThe ESPP was approved at the annual general meeting on 15 May 2020. Reference is made to the notice of said meeting where the plan document in connection with the ESPP is attached. All employees in the Company and its subsidiaries, except in China, have been offered to subscribe for shares in the Company in connection with the ESPP. The ESPP is structured around four contribution periods a year, each starting on the first day of the calendar month following each planned disclosure of an interim report of the Company and lasts for the following three months. During each contribution period, a fixed amount (up to 20% of the employee’s gross base salary) is withheld from the employee’s net salary. The employee may sign up to participate in the ESPP from the date of a public disclosure of an interim report until the beginning of the contribution period. Unless the employee actively withdraws from the ESPP, participation is automatically renewed for the same amount for subsequent contribution periods. The board's resolution to issue new shares in connection with the ESPP is made pursuant to the authorization granted by the Company's annual general meeting on 15 May 2020 to increase the Company's share capital in connection with the ESPP. In accordance with the ESPP, the subscription price is the lower closing price of the Company’s share, as traded on Oslo Børs, on the first or last day of the contribution period, less 15% discount. Payment of the subscription amount is made out of the relevant employee salary withholding. In accordance with Regulation (EU) 2017/1129 (the “Prospectus Regulation”) Article 1 (5) h, issuance of shares in connection with the ESPP is exempt from the obligation to publish a listing prospectus. For further information contact:Marianne Bøe, Investor Relations E-mail: marianne.boe@idexbiometrics.comTel: + 47 918 00186 Derek D’Antilio, Chief Financial OfficerE-mail: derek.dantilio@idexbiometrics.comTel: +1 978 273 1344 About IDEX BiometricsIDEX Biometrics ASA (OSE: IDEX and Nasdaq: IDBA) is a leading provider of fingerprint identification technologies offering simple, secure, and personal touch-free authentication for all. We help people make payments, prove their identity, gain access to information, unlock devices, or gain admittance to buildings. We invent, engineer, and commercialize these secure and safe yet incredibly user-friendly solutions. Our total addressable market represents a fast growing multi-billion-unit opportunity. For more information, visit www.idexbiometrics.com and follow @IDEXBiometrics This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
3m ago
Reuters
Australia building world's first platypus sanctuary
Australian conservationists on Wednesday unveiled plans to build the world's first refuge for the platypus, to promote breeding and rehabilitation as the duck-billed mammal faces extinction due to climate change. The Taronga Conservation Society Australia and the New South Wales State government said they would build the specialist facility, mostly ponds and burrows for the semiaquatic creatures, at a zoo 391 km (243 miles) from Sydney, by 2022, which could house up to 65 platypuses. "There is so much to learn about the platypus and we know so little," Taronga CEO Cameron Kerr told reporters.
8m ago
Associated Press
The Latest: AstraZeneca’s COVID-19 vaccine arrives in Taiwan
The first batch of AstraZeneca’s COVID-19 vaccine has arrived in Taiwan. Taiwan has signed contracts securing 10 million doses of the AstraZeneca vaccine, 5.05 million doses of the Moderna vaccine and 4.76 million doses of vaccines through COVAX. Health care workers, especially those who have direct contact with suspected or confirmed COVID-19 cases, will be the first to get the shots, Taiwan’s Health Minister Chen Shih-chung said at a news briefing.
8m ago
Associated Press
Asian shares advance despite Wall Street retreat
Stocks advanced in Asia on Wednesday after a wobbly day on Wall Street, when the S&P 500 gave back most of its gains from a day earlier. Hong Kong led the advance, gaining 2.4%. Investors have taken heart from an easing in bond prices that has alleviated worries over possible interest rate hikes.
8m ago
Newsfile
Eastern Platinum Limited Retreatment Project Review
Vancouver, British Columbia--(Newsfile Corp. - March 3, 2021) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to provide the Retreatment Project operations technical summary for 2019 and 2020. The Retreatment Project is operated by the Company's subsidiary, Barplats Mines (Pty) Ltd. ("Barplats") at its Crocodile River Mine property in South Africa. The Retreatment Project is a proprietary operation in South Africa producing chrome concentrates. It includes a combined ...
8m ago
PR Newswire
You Live Right Publishing Launches Book Line to Create Healthier Habits & Cooking Comfort
With a mission to help readers and home cooks simplify meals and build long-term healthy habits, author and publisher Mona Dolgov is launching You Live Right Publishing. The new press will focus on nutritional balance, plant-forward meals, satisfying portions, empowerment and kitchen confidence. "My goal is to make a series of healthy cookbooks with easy recipes that help you feel full and satisfied," says Dolgov. "If you can learn some new and simple recipes, culinary tricks and nutritional swaps, you become empowered and excited to share with family and friends. You'll feel great from the inside out."
8m ago
USA TODAY
'Read Across America Day,' once synonymous with Dr. Seuss, is diversifying. Here's why things have changed.
Tuesday is Read Across America Day and Dr. Seuss's birthday. Those two events, however, aren't as closely linked as in past years.
10m ago
Reuters
Michigan to loosen coronavirus curbs, allow larger gatherings
The revised state health department order will take effect on Friday and last through to April 19. Restrictions on inside seating for restaurants and bars will be raised to 50% of capacity, or a maximum 100 people, from 25%, the order of the state's health department said. "The increased capacity limits outlined in this order will still give us the ability to protect public health as we carefully track variants and continue leading with science and data", Michigan Governor Gretchen Whitmer said on Tuesday in a press briefing.
10m ago
Reuters
Houston to retire Harden's No. 13 jersey, says owner
Harden was named an All-Star in every season with the Rockets and holds the franchise records for three-point field goals made (2,029), free throws made (5,554) and assists (4,796). The 2018 MVP was traded to the Brooklyn Nets in January after his relationship with the Rockets broke down. "James Harden will always be a Rocket," Fertitta told the Houston Chronicle.
10m ago
PR Newswire
Cision Brings PR, Social Media Management and Digital Consumer Intelligence Together with Category-Defining Acquisition of Brandwatch
Cision, PR Newswire's parent company, announced on February 26 that it has entered into a definitive agreement to acquire Brandwatch, a global leader in digital consumer intelligence and social media listening, for $450 million. This strategic move will combine two leaders in their respective industries and will bring to customers the substantial benefits of their complementary capabilities to deliver the future of PR, marketing and digital customer engagement.
10m ago
Bloomberg
Oil Halts Run of Losses Before OPEC+ Meeting With Output to Rise
(Bloomberg) -- Oil rebouded after a three-day fall with the OPEC+ alliance said to be poised to agree an output increase at its meeting this week, a sign of the market’s underlying resilience as the impact of the pandemic ebbs.West Texas Intermediate gained 0.5% following the worst losing run since December as Brent also rose. The widespread view among the group is the market can absorb extra barrels, according to people familiar with the matter.Oil has staged a powerful rally this year, driven by significant OPEC+ curbs -- including unilateral cuts by Saudi Arabia -- and a vaccine-aided rebound in demand. That strength has paved the way for the alliance to return some barrels, with OPEC Secretary-General Mohammad Barkindo saying on Tuesday that the economic outlook and oil market continue to improve. The grouping could return the bulk of the 1.5 million barrel-a-day hike that’s up for debate.“Tomorrow is an important day but it’s very much unclear how much OPEC will add,” said Howie Lee, an economist at Oversea-Chinese Banking Corp. “I don’t think the Saudis will return their additional cuts fully.”There are two parts to the production rise that the Organization of Petroleum Exporting Countries and allies will address. First, will the cartel proceed with a 500,000 barrel-a-day collective hike in April? Second, how will Saudi Arabia phase out its extra reduction of 1 million barrels a day it made voluntarily?See also: Big Oil Isn’t Betting on the Future of Crude: David FicklingBulls may draw comfort from further signs the pandemic is ebbing. In the U.S., the daily case count fell to its lowest in more than four months, while economic indicators continued to improve. In Asia, Indian fuel demand will reach a record in the 12 months through March 2022, according to the Petroleum Planning and Analysis Cell of the nation’s oil ministry.In an additional positive indicator that economies are on the mend, data Wednesday showed Australia powered into 2021. Gross domestic product jumped 3.1% in the final three months of last year, pointing to a V-shaped recovery.The gathering pace of recovery presents “the perfect opportunity for OPEC+ to raise production,” Australia & New Zealand Banking Group Ltd. said in a note, predicting that the group will agree to add 750,000 barrels per day.Still, U.S. crude inventories rose more than 7 million barrels last week, the American Petroleum Institute reported, according to people familiar. If confirmed by the official tally, that would be the largest weekly build since December. The API figures also showed drops in gasoline and distillates.Shifts in Brent’s prompt timespread point to an easing of near-term tightness. It was at 52 cents a barrel in backwardation on Wednesday, down from 86 cents a week ago.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
12m ago
PR Newswire
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in SolarWinds Corporation of Class Action Lawsuit and Up Coming Deadline - SWI
Pomerantz LLP announces that a class action lawsuit has been filed against SolarWinds Corporation ("SolarWinds" or the "Company") (NYSE: SWI) and certain of its officers. The class action, filed in the United States District Court for the Western District of Texas, and docketed under 21-cv-00047, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise, acquired publicly traded SolarWinds securities from February 24, 2020 through December 15, 2020, inclusive (the "Class Period"). Plaintiff seeks to recover compensable damages caused by Defendants' violations of the federal securities laws under the Securities Exchange Act of 1934 (the "Exchange Act").
13m ago
PR Newswire
No World Borders Publishes Affordable Care Act Risk Corridor Analysis
No World Borders, Inc. announced that its CEO, Michael F. Arrigo published an analysis of risk corridors under the Affordable Care Act.
13m ago
Reuters
Shiffrin says should not have to choose between 'morals' and job to compete at Games
Human rights groups have urged the International Olympic Committee (IOC) to take the Games out of China because of its treatment of Uighur Muslims and other human rights concerns. China denies human rights abuses.
13m ago
Reuters Videos
Boeing raises concern about Airbus jet
Boeing has raised concern over the design of a jet made by its European rival Airbus.The model in question the extra-long range version of its newest plane, the A321neo.Boeing says it could pose a fire risk due to its fuel tank.In a submission to European regulators, Boeing said the design of the fuel tank intended to increase the plane's range posed many potential hazards.In most jets, fuel is carried in wings and central tanks, but to meet demand for longer routes Airbus plans to mold a tank directly into the fuselage.Its shape would follow the contours of the jet and carry more fuel.The design is crucial to the A321XLR's main marketing ploy - to be the longest range of any single-aisle jet - and is due for release in 2023.Boeing's intervention is not unusual in a global system which regularly allows manufacturers to chime in when safety rules are being interpreted.But the timing is pivotal.The U.S. plane giant is trying to repair its image following the crisis over its 737 MAX.That plane model was grounded for almost two years following two deadly crashes.The airline industry, which has been battered by the global health crisis, is now facing tougher scrutiny.While insisting they never compete on safety, Airbus and Boeing have a record of goading each other on technical issues.
16m ago
GlobeNewswire
Nilfisk reports fourth-quarter and full-year 2020 results
Nilfisk, a leading provider of professional cleaning products and services, is announcing its results for 2020. Full-year 2020 highlights Full-year 2020 results were negatively impacted by the challenging environment created by the COVID-19 pandemic Revenue for the total business amounted to 832.9 mEUR, corresponding to reported growth of -13.8% compared with the previous year Organic growth for the total business was -11.5%. After a significant drop in revenue in the second quarter, demand improved quarter over quarter in the second half of the yearIn the branded professional business organic growth across geographies was -13.7% with a faster demand recovery in EMEA and the Americas and slower demand recovery in APAC. Organic growth for Consumer was 15.7% driven by changed patterns in household spending and solid commercial execution, and organic growth for Private label was -11.3%EBITDA before special items amounted to 100.5 mEUR, down by 17.2 mEUR driven by the decrease in revenue Because of disciplined cost control measures and a successful execution of our restructuring program to lower the structural cost base, the EBITDA margin before special items remained stable at 12.1%Special items were significantly lower versus previous year at 10.8 mEUR and are mainly related to redundancy costsProactive cash management and CAPEX reduction and prioritization contributed to free cash flow generation of 73.5 mEUR, compared to 35.3 mEUR in the previous year Outlook for 2021 We come from a situation where we have seen demand improving quarter over quarter in the second half of 2020, however, moving into 2021, there has been an increase in lockdowns and restrictions across markets as a result of the continued outbreak of COVID-19. With the roll-out of vaccines across markets we expect a more normalized environment during the second half of the year, but we see, however, continued uncertainty for market conditions in the year. We expect the total business in 2021 to generate organic growth of 5% to 10% compared to 2020, based on the market demands trends that we are experiencing and on the overall expected economic recoveryWith our continued focus on cost discipline and revenue growth as described above, we expect EBITDA margin before special items to stay in the range of 12.5%-14.5% CEO comment Commenting on the results, Hans Henrik Lund, CEO of Nilfisk, says: “The year 2020 was a year nobody could have foreseen, and at Nilfisk we were deeply affected by the COVID-19 situation. Thanks to a stellar effort from the Nilfisk workforce across all functions, we stayed fully operational during the pandemic and were able to service our customers. Even though market activity picked up after a steep drop in the beginning of the year, demand did not reach the level from before the pandemic resulting in negative organic growth. This means that 2020 did not materialize as we had anticipated. Through our efforts to tightly manage costs in combination with lowering our structural cost base, we have kept our margins in line with last year despite the revenue drop. In spite of continued uncertainty in the marketplace we are planning for increased market activity and expect to restore growth in 2021.” Key figures FY 2020 FY 2019 Q4 2020 Q4 2019 Revenue (mEUR) 832.9 966.5 220.2 233.8 Organic growth -11.5% -4.1% -2.1% -6.3% Gross margin 41.6% 42.1% 42.4% 40.1% EBITDA before special items (mEUR) 100.5 117.7 30.9 25.2 EBITDA margin before special items 12.1% 12.2% 14.0% 10.8% EBIT before special items (mEUR) 32.9 49.8 12.1 7.2 EBIT margin before special items 4.0% 5.2% 5.5% 3.1% Conference call Nilfisk will host a conference call today at 10:00 CET. Please visit investor.nilfisk.com to access the call. Presentation materials will be available on the website prior to the conference call. To dial in, please use the following numbers: Denmark: +45 8233 3194UK: +44 333 300 9269US: +1 833 526-8395 Link to webcast: https://streams.eventcdn.net/nilfisk/annual-result-2020/ Contact Investor RelationsAntonio TapiaHead of Investor Relations T: +45 2220 1218 Media Relations Sara Westphal EmborgGlobal Media RelationsT: +45 2222 8577 Attachments Nilfisk-Annual-Report_2020 Nilfisk_CSR-report_2020 03 Announcement_03032021_Annual Results 2020
16m ago
Bloomberg
SoftBank Takes Top Spot on Topix From Toyota as Clout Grows
(Bloomberg) -- Masayoshi Son has come to dominate Silicon Valley. Now his company is increasingly dominating Japan’s markets, with SoftBank Group Corp. rising to become the largest-weighted stock on the country’s Topix index.SoftBank pulled ahead of Toyota Motor Corp. in pole position on the benchmark gauge last week, and sat as the highest weighting, albeit by a fraction, as of market close on Wednesday. That’s ended an almost 13-year streak for the automaker as the largest stock on the index, according to data compiled by Bloomberg.The change is further evidence of SoftBank’s own winning run. While Toyota trades little changed in 2021, SoftBank stock is up over 30%, rallying past a two-decade record to a new high, backed by a surging stock market which has lifted the value of its portfolio companies.Masayoshi Son Just Pushed SoftBank Shares Past Dot-Com PeakToyota, meanwhile, has been impacted by production outages due to earthquakes in Japan and freezing temperatures in the U.S., concerns over the global semiconductor shortage, and fears it’s losing out in the red-hot electric vehicle market.“It’s good news for the Japanese equity market, which has traditionally been dominated by manufacturers that have very low valuation,” said Mitsushige Akino, a senior executive officer at Ichiyoshi Asset Management Co. “If Toyota continued to remain the top weight, then there’s limit to how high the index can go. It’s a historic turning point.”Shares of SoftBank rose 2.1% on Wednesday, beating a 0.5% gain in the Topix gauge and a 0.6% advance in Toyota’s stock.Changing TimesAnother reason for SoftBank’s dominance is the makeup of the Topix. The index is weighted by market value, where Toyota still dominates. But that value is adjusted by a “free-float weight ratio,” based on the number of shares actually available to be traded in the market. The opaque measurement ignores stock that’s locked up by major shareholders, treasury stock or cross-shareholdings held by units or firms with business dealings.A recent review in January trimmed Toyota’s ratio to 50% from more than 55%, with Keiichi Ito, chief quants analyst at SMBC Nikko Securities Inc., noting that Toyota is impacted by its vast series of cross-shareholdings. SoftBank has a ratio of 60%.SoftBank’s dominance in Japan’s markets is becoming more pronounced. It’s the second-largest weighting on the Nikkei 225 Stock Average after Fast Retailing Co., as well as the second most valuable company in the country by market value.“Changing times demand different companies,” said Ito.With Toyota having lost its crown as the world’s most valuable automaker to Tesla Inc. last summer, it may soon discover that SoftBank also outranks it in Japan too. While SoftBank’s market value trails Toyota’s 25.9 trillion yen valuation by around 4 trillion yen, that gap has narrowed by more than two-thirds in the past year.(Adds Akino’s comment in the fifth paragraph, updates prices throughout.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
17m ago
The Week
Watchdog: Ex-White House doctor Ronny Jackson harassed subordinates, drank on duty
After interviewing 79 witnesses and reviewing numerous documents, the Department of Defense inspector general has issued a review of the time Rep. Ronny Jackson (R-Texas) spent as physician to the president, finding that Jackson made inappropriate comments about a female subordinate and drank alcohol while on trips with the president, violating policy. CNN obtained a copy of the report on Tuesday, a day before its expected release. Jackson, who served as the top White House doctor during the Obama and Trump administrations, was elected in November to represent Texas' 13th Congressional District, and is on the House Armed Services subcommittee. The investigation into his conduct began in 2018, and the report says that the probe was "limited in scope and unproductive" because former President Donald Trump's White House counsel demanded on being present during all interviews with White House Medical Unit employees. The report states 56 of the witnesses who worked with Jackson said they "personally experienced, saw, or heard about him yelling, screaming, cursing, or belittling subordinates." He was described as a "dictator," "control freak," and "crappy manager," and only 13 witnesses had anything positive to say about him, CNN reports. While on trips with the president, the White House physician is not allowed to drink for 24 hours before the president's arrival until two hours after the president leaves. Witnesses said they observed Jackson drinking during two overseas trips with former President Barack Obama — in Manila in 2014 and in Bariloche, Argentina, in 2016. In Manila, witnesses said Jackson was intoxicated and made lewd comments about a female subordinate, with one person saying they spotted him "pounding" on the door to her room and saying, "I need you" and "I need you to come to my room." In a statement, Jackson told CNN the report was politically motivated, and accused Democrats of using it "to repeat and rehash untrue attacks on my integrity." He also denied "any allegation that I consumed alcohol while on duty." More stories from theweek.comThe biggest jazz star you've never heard ofArizona GOP lawyer tells Supreme Court the party needs certain voting restrictions to compete with Democrats7 scathingly funny cartoons about Trump's CPAC appearance
18m ago
BBC
Christian Porter: Australian attorney general denies rape allegation
Attorney General Christian Porter says he strongly rejects an allegation he raped a girl in 1988.
18m ago

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