Markets Listless as Investors Await Bank Earnings: Live Business Updates

Credit…Tom Jamieson for The New York Times

For some companies, the only response to the pandemic has been to hunker down and try to avoid running out of cash before their customers can return.

Pret, the 37-year-old British sandwich and coffee chain that’s ubiquitous in central London, is now clearly willing to try anything, Eshe Nelson reports:

  • Pret wants to sell its food in supermarkets, and has already begun selling coffee beans on Amazon.com.

  • It has signed up to all the major food delivery platforms to bring its sandwiches, soups and salads to its work-from-home customers.

  • It opened a so-called dark kitchen in North London to prepare its food strictly for delivery, modeled on the success of Sweetgreen and Shake Shack,

Read More

MasterCard (MA) Dips More Than Broader Markets: What You Should Know

In the latest trading session, MasterCard (MA) closed at $345.84, marking a -1.76% move from the previous day. This change lagged the S&P 500’s 0.63% loss on the day. Meanwhile, the Dow lost 0.55%, and the Nasdaq, a tech-heavy index, lost 0.1%.

Loading...

Load Error

Coming into today, shares of the processor of debit and credit card payments had gained 3.97% in the past month. In that same time, the Business Services sector lost 5.82%, while the S&P 500 gained 5.91%.

Investors will be hoping for strength from MA as it approaches its next earnings release, which is expected to be October 28, 2020. On that day, MA is projected to report earnings of $1.64 per share, which would represent a year-over-year decline of 23.72%. Meanwhile, our latest consensus estimate is calling for revenue of $3.93 billion, down 11.94% from the prior-year quarter.

Looking at the full year, our Zacks Consensus

Read More

Informa Markets Fashion Elevates Talent and New Teams, Taking the Next Step Forward in Business … | Money

The group has also added roles and elevated talent in other key areas including brand development, content and industry insights, and digital marketing to help bolster strategy as they further diversify their physical and digital product offer. A new Experience and Education division, dedicated to providing on-going educational opportunities, both on and offline, will cater to the varied needs of each brand vertical. Additionally, the group will continue with its expanded production of marketplace-exclusive content, highlighting and identifying timely industry insights and fashion resources also further driving differentiation and distinction in its event offering to the community.

“Adaptation, innovation, and evolution will be key as we move forward and the industry’s business needs are at the core of our strategic path ahead,” said Kelly Helfman, Commercial President for Informa Markets Fashion. “We’re fully focused on our customers’ commercial success and, by virtue, advancing our product offering to match their changing

Read More

Informa Markets Fashion Elevates Talent and New Teams, Taking the Next Step Forward in Business Evolution

Informa Markets Fashion announces development of new roles dedicated to supporting strategic business direction and expanding product offering to better serve the fashion wholesale industry.

Kelly Helfman

Kelly Helfman
Kelly Helfman
Kelly Helfman

Jason Peskin

Jason Peskin
Jason Peskin
Jason Peskin

Jordan Rudow

Jordan Rudow
Jordan Rudow
Jordan Rudow

NEW YORK, Oct. 13, 2020 (GLOBE NEWSWIRE) — Informa Markets Fashion announced today the next step in the group’s evolving strategic business direction with elevation of key talent into new roles and developing new teams. Informa’s Fashion portfolio brings together leading fashion brands and retailers in highly curated and expertly merchandised marketplaces, which ultimately serve to present consumers with the latest in quality apparel, footwear, accessories, and lifestyle products each season and at every price point. With the September 1st launch of its inaugural digital trade event in partnership with NuORDER, the group’s expanded catalog of product offerings, elevation of key talent, reorganization of teams,

Read More

The Markets End The Week In Good Shape (Technically Speaking For The Week Of 10/5-10/9)

My Friday column is divided into two sections. The first uses the long-leading, leading, and coincidental format developed by Arthur Burns and Geoffrey Moore to determine the current economic trajectory. The second looks at the markets.

Long-Leading Indicators

Financially, the economy is in good shape:

The Fed has been pumping cash into the economy (left). The Fed’s credit market support programs have lowered financial stress; the BBB yield (right) has dropped to 5-year lows.

The earnings picture is improving — but remember that word is clearly relative (emphasis added):

The expectation is for total S&P 500 earnings to decline -22.8% from the same period last year on -2.9% lower revenues. This would follow the -32.3% decline in Q2 when economic and business activities came to a halt as a result of the pandemic-driven lockdowns.

The earnings outlook has been steadily improving since the start of Q3, as economic and business

Read More

IKOULA Strengthens Its Presence in Europe, by Launching Its Professional Solutions on Romanian and Portuguese Markets

IKOULA – one of the leaders in IaaS sector, specialized into dedicated servers, outsourcing and Cloud Computing – strenghtens its presence in Europe, by offering its professional solutions to Romanian and Portuguese companies, through dedicated websites.

After opening a subsidiary in the Netherlands, then in Spain, offering its services and products in two new European countries is definitely the logical continuation of IKOULA’s international business development, and testifies to its willingness to work in favor of a competitive, open, interoperable and responsible European IT ecosystem.

This European expansion did not happen by chance, “ explains Jules-Henri Gavetti, President and co-founder of IKOULA. ” Choosing Portugal allows us to strengthen our presence in the Iberian Peninsula, and thus gives us the necessary anchor for a potential future deployment in Latin America. For Romania, in addition to echoing family roots, our arrival on this market with strong growth potential opens the

Read More