Cooper Maps http://coopermaps.com/ Fri, 12 Aug 2022 07:47:49 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://coopermaps.com/wp-content/uploads/2021/12/icon.png Cooper Maps http://coopermaps.com/ 32 32 Johnson & Johnson to halt global sales of talcum-based baby powder https://coopermaps.com/johnson-johnson-to-halt-global-sales-of-talcum-based-baby-powder/ Fri, 12 Aug 2022 01:13:54 +0000 https://coopermaps.com/johnson-johnson-to-halt-global-sales-of-talcum-based-baby-powder/

TEMPO.CO, Jakarta – Johnson & Johnson will stop selling talc-based baby powder globally in 2023, the drugmaker said Thursday, Aug. 11, more than two years after ending U.S. sales of a product that has sparked thousands of consumer safety lawsuits.

“As part of a global portfolio assessment, we have made the business decision to transition to an all-cornstarch baby powder portfolio,” he said, adding that baby powder at cornstarch base is already sold in countries around the world.

In 2020, J&J announced that it would stop selling its talc baby powder in the United States and Canada because demand had plummeted following what it called “misinformation” about the product’s safety in the United States and Canada. amid a barrage of legal challenges.

The company faces approximately 38,000 lawsuits from consumers and their survivors claiming its talc products have caused cancer due to contamination with asbestos, a known carcinogen.

Johnson & Johnson denies the claims, saying decades of scientific testing and regulatory approvals have shown its talc to be safe and asbestos-free. On Thursday, he reiterated the statement announcing the discontinuation of the product.

J&J spun off its LTL Management subsidiary in October, assigned its talc claims to it and immediately filed for bankruptcy, pausing ongoing lawsuits. Those suing have said Johnson & Johnson should defend themselves against the lawsuits, while J&J defendants and the bankruptcy subsidiary process say it’s a fair way to compensate the plaintiffs.

Ben Whiting, an attorney with the plaintiffs’ firm Keller Postman, said that with the lawsuits stayed in the event of bankruptcy, the decision to sell the company will not immediately affect them. But if a federal appeals court allows the cases to move forward, consumers could try to use Johnson & Johnson’s decision to withdraw the products as evidence, Whiting said.

“If those cases were to happen again, then that’s a really big deal,” Whiting said.

Before filing for bankruptcy, the company was facing costs of $3.5 billion in verdicts and settlements, including one in which 22 women won a judgment of more than $2 billion, according to bankruptcy court records. .

A shareholder proposal calling for an end to global sales of baby talc failed in April.

A 2018 Reuters investigation found that J&J had known for decades that asbestos, a carcinogen, was present in its talc products. Internal company records, trial testimony and other evidence showed that between at least 1971 and the early 2000s, J&J’s raw talc and finished powders sometimes tested positive for small amounts of ‘asbestos.

In response to evidence of asbestos contamination presented in the media, in the courtroom and on Capitol Hill, J&J has repeatedly stated that its talc products are safe and do not cause cancer.

Sold since 1894, Johnson’s Baby Powder has become a symbol of the company’s family image. An internal J&J marketing presentation from 1999 referred to the baby products division, with baby powder at its core, as J&J’s “No. 1 asset”, Reuters reported, although baby powder would not accounted for only about 0.5% of its US consumer healthcare business when the company pulled it from shelves.

Reuters

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Edinburgh Festival: Attacks by Big Fringe companies on organizers are sad to see – MP Tommy Sheppard https://coopermaps.com/edinburgh-festival-attacks-by-big-fringe-companies-on-organizers-are-sad-to-see-mp-tommy-sheppard/ Thu, 11 Aug 2022 15:47:02 +0000 https://coopermaps.com/edinburgh-festival-attacks-by-big-fringe-companies-on-organizers-are-sad-to-see-mp-tommy-sheppard/

A collaboration with Adelaide saw dozens of Australian circus athletes and dancers perform a stunning physical display: elaborate choreography with breathtaking strength and skill. The bodies climbed on top of each other, sometimes stacked in fours, to make living sculptures, amplified by precision lighting and video projection.

Throughout, the National Youth Choir of Scotland vocalized a dramatic soundscape, sounding sometimes Gaelic, sometimes Arabic, always intensely human.

It was brilliant in concept and execution. But perhaps the most wonderful thing of all was that, despite what must have been a huge budget, it was free.

And thousands of local people went. It’s the kind of thing that only happens when artistic ambition meets public funding. We should be proud that this is happening here.

The international festival delivers the high-profile stuff, but it’s the Fringe that fills the city. Over 3000 shows, tens of thousands of performers and teams, and hundreds of thousands of punters combine to bring Edinburgh to life. The biggest arts festival in the world is back for its 75th edition.

As always, what makes these aren’t the names you’ve heard of, they’re the ones you haven’t. The city is host to a massive cultural experience, a cauldron of creativity.

A lot works, a lot doesn’t. And from failure, artists learn and improve. This is the Fringe opportunity. There’s nowhere else in the world where they can take an idea and present it night after night to different audiences, refining it until it works.

The show that opened the Edinburgh International Festival was one of the best things Tommy Sheppard had ever seen on stage (Picture: Andrew Perry)

Read more

Read more

Edinburgh Festival: demand for involvement will only increase after the return of…

It’s been three years since the city has moved like this. In the darkest days of the pandemic, it seemed like it could never happen again. Artists and venues have been hit hard. Sheer determination brought things back to life.

This month’s festival is not the same as the previous one. 2019 broke all records. Coming back after Covid and in the midst of a cost of living crisis, these new records were still safe. Still, this year’s Fringe size is expected to be more than 80% of the pre-pandemic peak. It’s an incredible comeback.

Unfortunately, in three years, many people who have done shows have left: retiring, changing industries or being exiled by Brexit. It has been a nightmare for many venues to recruit experienced technical and reception staff. The Fringe as an entity has lost much of its collective memory.

So it saddens me when some of the biggest commercial operators attack the organisers, looking for someone to blame for the drop in ticket sales. The rebound will take more than a year and there will be bumps in the road. Success demands that the myriad of venues and artists that make up this incredible festival work together, without cutting each other off.

Above all, we must rebuild again. The economic potential of this great event must be exploited for all the people who live here. The festival needs closer ties with the city and its communities. That’s why the recasting of values ​​that the Fringe Society promotes is so welcome.

Edinburgh is the biggest festival in the world. It could be the most diverse and fair too.

Tommy Sheppard is SNP MP for Edinburgh East

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Jiminny wins £13.5m for AI sales coaching software https://coopermaps.com/jiminny-wins-13-5m-for-ai-sales-coaching-software/ Thu, 11 Aug 2022 08:00:23 +0000 https://coopermaps.com/jiminny-wins-13-5m-for-ai-sales-coaching-software/

Sales software platform Jiminny has closed $16.5m (£13.5m) in Series A funding to fuel product development and international growth.

Jiminny’s “conversational intelligence” software uses AI to transcribe and analyze sales conversations with customers. He then provides coaching to the salesperson, which Jiminny says can be used to generate more sales.

The platform also provides customer profiles, sales forecasts and transaction overviews.

Tom Lavery, CEO and Founder of Jiminny, said, “Our platform gives the entire revenue team visibility into performance like never before and helps them collaborate and train to make improvements. tangible within the team. »

Founded in 2016, Jiminny is used by companies such as Just Eat, Pleo, Cision, and Reward Gateway.

Based in London, Jiminny also has offices in the United States and Bulgaria. It currently employs over 60 people and plans to hire another 30 with the new capital.

The round was led by London and San Francisco-based growth capital firm Kennet Partners, which manages more than $700m (£570.8m). Along with this investment, two members of the Kennet Partners team will join Jiminny’s board of directors.

“We believe conversational intelligence is a long-term growth industry and view Jiminny’s value proposition as unique and potentially transformative,” said Hillel Zidel, Managing Director of Kennet Partners.

“The company is a great example of the kind of founder-led, customer-focused, capital-efficient company we like to invest in.”

It follows the company’s $2m (£1.6m) seed funding in 2018. The software was named after Jiminy Cricket – Pinocchio’s conscience.

Competitors in the sales software space include Trumpet, which is used by Google and recently raised £1.6 million in pre-seed funding.

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FullStory gets $25 million to help businesses find issues in their apps and websites – TechCrunch https://coopermaps.com/fullstory-gets-25-million-to-help-businesses-find-issues-in-their-apps-and-websites-techcrunch/ Wed, 10 Aug 2022 18:17:05 +0000 https://coopermaps.com/fullstory-gets-25-million-to-help-businesses-find-issues-in-their-apps-and-websites-techcrunch/

Whole storywhich sells analytics tools for apps and websites, secured $25 million in new equity financing, documents filed with the U.S. Securities and Exchange Commission this week shows. According to Crunchbase, the infusion is FullStory’s first since August 2021, bringing the company’s total raised to around $200 million.

“FullStory can confirm that Permira has invested additional growth capital at a premium to our previous valuation last summer,” a spokesperson told TechCrunch via email. “This is a strong signal of Permira’s confidence in FullStory’s platform… which enables brands to continuously improve their digital products and experiences across web and mobile. Given the current market conditions, FullStory felt that now was a very good time to raise additional capital to grow the business globally and solidify our leadership position.

Atlanta-based FullStory was founded in 2014 by Bruce Johnson, Joel Webber, and Scott Voigt, who sought to create a product that helps brands create better customer experiences across web and mobile. Before launching FullStory, the co-founders — all Georgia Institute of Technology graduates — teamed up in the early 2000s to start a DevOps company called Innuvo, which was acquired by Google in 2005 for an undisclosed sum.

Originally designed as a marketing tool, FullStory turned to analytics, customer success, and engineering after the co-founders realized that the tool they had created to understand why their initial idea didn’t work had commercial potential.

Today, FullStory collects and structures digital experience data and uses AI to glean behavioral insights. The platform tracks signals such as highlights, scroll depths, pinch-to-zoom rate, and copy-and-paste, displaying metrics and reconstructing a user’s journey with vector graphics. FullStory can also search through a range of possible “friction events” to see how often they correlate with failure to convert (i.e. achieving a desired goal, such as making purchases). Saved reports and automated alerts, meanwhile, track progress and highlight anomalies, such as when a click goes nowhere due to a blip in a JavaScript snippet.

FullStory claims its approach provides an easy way to understand whether a customer, for example, is comparison shopping or simply researching. In a previous interview, Voigt said a home improvement supplier used FullStory to identify a spike in garage rug sales during the pandemic and update its marketing materials accordingly.

An overview of FullStory’s digital customer experience tracking dashboard. Picture credits: Whole story

The pandemic-spurred digital transformation efforts have been a boon for FullStory, which currently has more than 3,200 customers, including Groupon, Automattic, Peloton, Fidelity and JetBlue. In 2021, the company – which has secured support from VC, including Kleiner PerkinsGV, Stripes, Dell Technologies Capital and Salesforce Ventures — claims to have increased annual recurring revenue by more than 70% year over year.

FullStory claims to have analyzed over 15 billion user sessions in 2021, including nearly 1 trillion clicks, text highlights and scrolls.

“As people increasingly manage their work and personal lives online, businesses across all industries have embraced FullStory for the information they need to deliver premium digital products and experiences,” said Voigt in a press release. recent Press release. “FullStory’s comprehensive DXI platform provides a single view of real user behavior and highlights ‘unknown unknowns’ to drive product analysis, UX research, conversion optimization and more.”

Building differentiated digital experiences is simply a challenge. Fifty-eight percent of customers think most brands’ experiences have little to no impact on what they end up buying and nearly half can’t tell the difference between experiences, according to a Gartner report. survey. Part of the problem lies with the C suite, which continues to push for digital experiences without extensive bug testing and without fully understanding what would motivate their customers to try them.

Dead links, glitches, and unsubmitted forms can litter apps and company websites. Not only do these present barriers to work and play, but they can also lead to overwhelmed customer service teams, staff shortages, and hour-long wait times. Clients rarely forgive — 64% admit to have jumped on a competitor following a bad customer experience.

The demand for more thoughtful deployments has benefited not only FullStory, but also competitors in the field of digital customer experience analytics, such as Clootrack. Glass box and Decibel are perhaps the most formidable, having raised tens of millions in venture capital between them.

Keen to set the pace (or at least keep it going), FullStory expanded its leadership team in 2021, hiring Edelita Tichepco as chief financial officer and Google veteran Jim Miller as vice president of recruiting. Will Schnabel has also joined the company as senior vice president of alliances and partnerships, bringing his experience building partnerships and integrations from his time at Accenture and IBM Watson.

FullStory also more than doubled its workforce in 2021 to more than 500 employees, with teams around the world including San Francisco, London, Sydney and Singapore beyond Atlanta.

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TTD Stock Pops On Revenue Beat, Advertising Outlook For Trade Desk Stock https://coopermaps.com/ttd-stock-pops-on-revenue-beat-advertising-outlook-for-trade-desk-stock/ Wed, 10 Aug 2022 17:07:00 +0000 https://coopermaps.com/ttd-stock-pops-on-revenue-beat-advertising-outlook-for-trade-desk-stock/

Shares in Commercial counter (TTD) jumped on June quarter revenue that beat estimates as Internet TV drove growth and forecasts for TTD stock beat expectations.




X



The digital advertising company announced its second-quarter results after the market closed on Tuesday. Trade Desk shares climbed 36.8% to 74.57 in afternoon trading in the stock market today.

“The valuation of TTD shares remains the primary concern for investors as most recognize Trade Desk as the dominant independent DSP, with (data privacy) changes per Apple (AAPL) and Google increase market share of TTD platform,” Oppenheimer analyst Jason Helfstein said in a report.

Trade Desk Stock: Internet Cookies

Alphabet‘s (GOOGL) Google has postponed the phase-out of Internet cookies to 2024. After initially delaying the phase-out of third-party cookies on the Chrome web browser to 2023, Google announces that it will postpone the phase-out to 2024.

Cookies follow consumers around the web. Google will continue to test its targeted advertising technology called “Privacy Sandbox”. Trade Desk has developed an alternative technology.

Meanwhile, the Justice Department is preparing to sue Google in September on antitrust charges, claiming it unfairly dominates the digital advertising market, Bloomberg reported.

Additionally, Trade Desk earnings were 20 cents per share, up 11% from a year earlier. Revenue rose 35% to $377 million, the Ventura, Calif.-based company said. A year earlier, Trade Desk earnings were 18 cents a share on sales of $280 million.

Stock analysts at TTD had expected a profit of 20 cents a share on sales of $365 million for the period ended June 30.

“Management noted that more major brands are signing new or expanded major long-term agreements with the company, noting that trends give them confidence that they will gain market share in ‘any environment’. market,” RBC Capital analyst Matthew Swanson said in a note to clients.

TTD Stock: Guidance Top Views

The company said earnings before interest, taxes, depreciation and amortization, known as EBITDA, was $139 million. That was ahead of estimates by $123 million.

Strong growth in Internet TV advertising revenue was a positive for TTD stock. “With (Internet) television becoming increasingly ad-supported and more programmatic, we see TTD stock as the company best positioned to benefit from this change,” Susquehanna analyst Shyam Patil said in a statement. report.

Also, a commercial partnership with the distribution giant walmart (WMT) is also expected to drive growth in 2022.

Trade Desk forecast revenue of $385 million for the September quarter at the midpoint of the forecast, beating estimates of $382.2 million. Trade Desk said it expects adjusted EBITDA of $140 million versus estimates of $134 million.

The company’s automated platform allows brands and ad agencies to buy online and mobile ads in real time, rather than manually in advance. Additionally, Trade Desk helps clients leverage online data to improve their targeted advertising.

TTD stock had fallen nearly 40% in 2022. Additionally, Trade Desk stock holds a relative strength rating of 30 out of a possible 99, according to IBD Stock Checkup.

Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on 5G wireless, artificial intelligence, cybersecurity and cloud computing.

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Investors savvy to profit whether the stock market rebounds or not https://coopermaps.com/investors-savvy-to-profit-whether-the-stock-market-rebounds-or-not/ Wed, 10 Aug 2022 15:05:00 +0000 https://coopermaps.com/investors-savvy-to-profit-whether-the-stock-market-rebounds-or-not/

The shares have risen enormously since the low. The SP500 has gained 13.88% since June 17. In August, the indices deviated sideways. On Wall Street, seasoned investors are expecting a two-way move.

The shares have risen enormously since the low. The SP500 has gained 13.88% since June 17. In August, the indices deviated sideways. On Wall Street, seasoned investors are expecting a two-way move.

Whatever happens in the near future, smart investors will make a big profit in both cases. With trading apps, such as SimpleFX, you can invest your crypto (or local currency) in the price action of stocks, commodities, and cryptocurrencies. The asset you choose does not have to increase in value. You can also short an overvalued stock or pump a cryptocurrency and take a profit when the bubble bursts.

Stock markets should still be considered to be in a bear market. The Dow Jones Industrial Average and S&P 500 are about 20% below the record close on January 3. The tech-heavy Nasdaq 100 index lost even more as innovative companies are more prone to wild price swings. However, many SimpleFX users acquired Alphabet shares at a discount. The Google owner’s shares have fallen to around $105 four times since May 23.

Of course, getting in at any of those times seemed very risky, as no one knew if the markets were going to crash even deeper, but buying Google on July 26 paid off. Several brave SimpleFX traders went for the move, and some of them used the highest effective leverage. Google stock price rose 12.76% in just two weeks, generating huge profits.

Let’s take a closer look at the recent outlook for the SPX500. The index has gained more than 7% over the past four weeks. From a technical analysis perspective, Wall Street analysts see strong signals for price action ahead. If SPX500 manages to gain 8% over the last four weeks, the formation will prove to reach an essential mark of two standard deviations.

This move could trigger a strong rebound, but no one knows if it will be a bearish rally (a pullback) or a trend change. No sign of technical analysis can beat the fundamentals of global economic performance. No bullish formation can save stocks or cryptocurrencies if the world falls into a recession.

Currently, the most critical data for the stock markets is the inflation of the most important economies. Central banks around the world are watching the Federal Reserve’s decision. Rising interest rates slow down the economy but are essential to prevent inflation.

A potential recession could trigger a domino effect, which could fuel geopolitical tensions between the United States and China. Global trade holds the world together, and if trade slows down or stops, there may be no turning back.

Global markets are at a turning point. Smart traders will benefit no matter what. Keep an eye on the news, monitor inflation data from the biggest economies, track corporate financial reports and trade accordingly.

With the SimpleFX trading and investing app, you can multiply your funds in minutes. In these exceptional times, SimpleFX is launching a limited time offer. They are offering a special August cashback to every trader who deposits until August 26th.

Rewards will be paid out in bitcoins! This is a great opportunity to increase your trading margin for free. Go to SimpleFX and register for the promo.

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Apple assembler Foxconn’s Q2 profit up 11.7% https://coopermaps.com/apple-assembler-foxconns-q2-profit-up-11-7/ Wed, 10 Aug 2022 12:55:13 +0000 https://coopermaps.com/apple-assembler-foxconns-q2-profit-up-11-7/

Leading Apple assembler Foxconn reported an 11.7% rise in second-quarter net profit on Wednesday, according to Reuters calculations, beating market estimates.

The logo of electronics contract manufacturer Foxconn Technology Group, formerly known as Hon Hai Precision Industry, is displayed at its headquarters in Taipei. Photo: Agence France-Presse

Reuters:

The Taiwan-based company, the world’s largest contract electronics maker, said net profit for the April-June quarter was $33.25 billion, down from $29.78 billion a year. earlier.

Eleven analysts were expecting an average profit of $31.02 billion, according to Refinitiv.

Reuters:

Foxconn has been largely immune to these demand issues as long as iPhones have endured with a loyal and relatively affluent customer base, and it said on Wednesday that rising inflation will only impact limited on demand for mid to high-end smartphones. in the rest of the year.

Still, Foxconn forecast steady revenue growth from its consumer electronics business, including smartphones, for the quarter ending September, reporting that demand for some devices was slowing after “significant growth” in the second quarter, when the company accounted for half of its overall turnover.

Taken from MacDailyNews: Apple’s breakthrough iPhone continues to sell well as the counterfeit iPhone market falters.

Karma is a bitch. 🙂

It is as predicted:

Real iPhones versus poor man’s iPhones. Like before. – MacDailyNews, April 22, 2022

The Bottom Line: Those who are content with Android devices are not equal to iOS users. The fact is, iOS users are worth far more than Android settlers to developers, advertisers, third-party accessory makers (speakers, cases, chargers, cables, etc.), vehicle manufacturers, musicians, TV show producers, film producers, book authors. , carriers, retailers, podcasters… The list goes on.

Customer quality matters. A lot.

Easy “analytics” that only look at (unit) market share, equating an Android settler with an iOS user, make a fatal mistake by mistakenly equating each platform’s users one by one.

When it comes to mobile operating systems, not all users are created equal. – SteveJack, MacDailyNews, November 15, 2014


Android is pushed to users who are, in general:

a) confused as to why they should choose an iPhone over an inferior counterfeit and therefore might be less inclined to understand/explore the capabilities of their devices or trust their devices with credit card information for make purchases; and or
b) Attracted by “Buy One, Get One Free”, “Buy One, Get Two or More Free” or similar offers ($100 gift cards with purchase).

No customer type is the cream of the crop when it comes to successful engagement or coveted demographics; closer to the bottom of the barrel than the top, in fact. Android may be prevalent and still demographically inferior precisely because of how and to whom Android devices are marketed. Endless BOGO promotions attract a seemingly endless stream of stingy freetards just as stupid and pointless TV commercials about robots or blasting holes in concrete walls attract beefheads and idiots, not exactly the best demographics. unless you peddle muscle building powders or greasy monkey overalls.

Google made a crucial mistake: they gave Android to “partners” who pushed and continue to push the product into the hands of the exact opposite type of user that Google needs for Android to truly thrive. Consequently, Android is a backwater of second-rate, or worse, versions of apps that are only downloaded when free or ad-supported – but the Android user is notoriously cheap, so the ads don’t sell very well because they don’t work very well. You would have guessed Google would have figured this out, but you would have guessed wrong.

Google has built a platform that relies heavily on the ad medium, but has sold it to the very type of customer who is least likely to patronize ads.

iOS users are those who buy apps, so developers focus on iOS users. iOS users buy products, so accessory manufacturers focus on iOS users. iOS users have money and a proven willingness to spend it, which is why vehicle manufacturers are focusing on iOS users. Etc. Android may have the Hee Ha demographic. Apple doesn’t want or need it; that’s way more trouble than it’s worth. – MacDailyNews, November 26, 2012

Please help support MacDailyNews. Click or tap here to support our independent tech blog. Thanks!

Buy the Apple Store on Amazon.

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Used car sales drop 400,000 as traders feel supply tightening https://coopermaps.com/used-car-sales-drop-400000-as-traders-feel-supply-tightening/ Wed, 10 Aug 2022 11:11:48 +0000 https://coopermaps.com/used-car-sales-drop-400000-as-traders-feel-supply-tightening/

Electric cars continued to buck the trend, with used electric vehicle sales jumping 57%, but the rest of the market struggled, falling 18.8% year-on-year last.

The most popular

The latest figures from the Society of Motor Manufacturers and Traders (SMMT) show sales in April, May and June fell by nearly half a million from 2021 to 1,759,684 in 2022.

Problems in the new car market have reduced the supply of the second-hand trade

The market has seen a strong upturn in activity in 2021 with the full reopening of dealerships, but pressures on supply and on driver spending appear to have stalled this rise. Sales are down more than 8% compared to the same period last year and 13.5% compared to 2019 before the pandemic.

SMMT chief executive Mike Hawes said the decline was inevitable after the strong performance in 2021 and in the face of problems in the new car market.

He said: “It was inevitable that the squeeze in new car supply would trickle down to the second-hand market. Despite this, UK used car buyers clearly have a growing appetite for the latest low and zero emission cars, and we need a thriving new car market to fuel it. The next Prime Minister must create the conditions to boost consumer confidence, especially in electric vehicles, to drive the fleet renewal needed to meet our decarbonisation goals.

Like new car sales, used EV sales continue to grow but still only represent 1% of the used market.

James Fairclough, CEO of used car market AA Cars, said the latest figures suggested demand was falling but could rebound as motorists look to save money.

He commented: “It’s worth remembering that the disappointing overall figure had a lot to do with it – it’s a comparison to the strong sales recorded in the second quarter of 2021, when dealerships reopened after months of lockdown.”

He said new car supply issues had helped drive motorists into the second-hand market, but that increase was ‘running out of steam’, adding: ‘Although supply issues As the new car market is finally starting to subside, another factor could boost the market opportunity in the coming months – the rapidly slowing UK economy.

“While the darkening economic situation has undermined consumer confidence and eroded the willingness of some people to buy big-ticket items like cars, there will still be a significant number of drivers who want or need to replace a aging car.

“For them, the second-hand market – which offers both a great choice and better value for money than new cars – is a very attractive option, and even more so now that more and more electric vehicles are appearing. on the second-hand market.

Lisa Watson, sales director at Close Brothers Motor Finance, said financial concerns were also causing the market to slow. She said: “Well-documented supply chain issues, such as shortages of semiconductors, have continued to drive people into the used car market. However, the fact that people are keeping their cars longer has caused a slowdown in transactions in recent months.

“Despite supply pressures, demand for used vehicles remains strong – consumers are turning to the used market to soften the blow of the cost of living crisis and avoid car delivery delays new, which sometimes exceed 12 hours.

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Bharti Airtel’s Net Profit Jumps 466% in Q1; Should You Invest in This 5G-Ready Telecom Stock? https://coopermaps.com/bharti-airtels-net-profit-jumps-466-in-q1-should-you-invest-in-this-5g-ready-telecom-stock/ Wed, 10 Aug 2022 05:48:00 +0000 https://coopermaps.com/bharti-airtels-net-profit-jumps-466-in-q1-should-you-invest-in-this-5g-ready-telecom-stock/

Airtel shares today: Shares of Bharti Airtel were trading higher on Wednesday after the company announced its June quarter results. Consolidated net profit of telecom companies jumped more than 5.6 times year-on-year (YoY) to Rs 1,607 crore in the first quarter of FY23, driven by strong revenue growth and the addition of 4G customers. Airtel’s consolidated revenue from operations in the quarter under review increased by 22.2% year-on-year to Rs 32,805 crore; its average revenue per user (ARPU) increased 2.8% sequentially and more than 25.3% year-on-year to Rs 183. Revenue growth was boosted by a 20% price hike by telecommunications companies last November.

Airtel continued to gain market share in the 4G segment and the company added 4.5 million 4G customers in the June quarter. Its total number of 4G customers now stands at over 205 million and they represent 63% of its customer base. Average data usage per customer per month was 19.5 GB, compared to 18.8 GB in the quarter ended March 31, 2022.

“We continue to show strong and sustained growth. Ebitda’s margin is now 50.6%. Our businesses and home businesses now have strong momentum and have recorded strong double-digit growth, enhancing the diversity of the overall portfolio. Airtel’s strategy of winning with quality customers continues to perform well with an ARPU of Rs 183 crore, the best in the industry,” Airtel Managing Director and CEO Gopal Vittal said in a statement. a statement.

In the spectrum auction that ended last week, Airtel bought 19,867.8 MHz of spectrum in different bands.

Brokerage Motilal Oswal said: “We expect a better valuation multiple for the stock given: a) a steady 20% growth opportunity, b) low 5G concern, and c) the company becomes profitable with high growth of 50% and more due to operating leverage. The Rs 160b uncalled rights issue and Rs 52b investment by Google are expected to offset Bharti’s investment in 5G over the next two years.

“We see potential upside for Indian and African businesses, helped by steady earnings growth. We rate Bharti on FY24E, attributing 11x EV/EBITDA to the India Mobile business and 5x to the Africa business, and arriving at our SoTP-based target price of Rs 910. The resulting earnings growth, 5% FCF yield and 25% deleveraging bodes well for the stock. Keep buying,” they added.

Kotak Institutional Equities in its note said Bharti Airtel reported a strong operational impression at 1QFY23; the published results were in line with their estimates, reflecting a good performance in all segments. “We reiterate the buy rating for the stock with a revised fair value of Rs 830, expecting the company to benefit from (1) an improvement in the health of the industry supported by the rise in the ARPU, (2) an improved subscriber mix and (3) 5G rollout, which will propel several Bharti digital/enterprise initiatives,” they said.

The views and investment advice of the experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before making any investment decision.

Read it Recent news and recent news here

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Arena Group’s Second Quarter Gross Profit Nearly Doubles; Revenue up 87% https://coopermaps.com/arena-groups-second-quarter-gross-profit-nearly-doubles-revenue-up-87/ Tue, 09 Aug 2022 21:39:10 +0000 https://coopermaps.com/arena-groups-second-quarter-gross-profit-nearly-doubles-revenue-up-87/

The participations of the Arena group (AREN) – Get the report from The Arena Group Holdings Inc.the New York-based, tech-focused publisher of Sports Illustrated, TheStreet, Parade and more, reported second-quarter gross profit nearly doubled on revenue up 87%.

Digital ad revenue more than doubled, “thanks to an 82% improvement in traffic and more than 40% growth in display [cost per thousand impressions]”, the company said in a statement.

“Arena Group continues to deliver robust revenue growth and bottom line improvements,” Chief Executive Officer Ross Levinsohn said in the statement. “Growth was achieved in our three main verticals – Sports, Finance and Lifestyle. We have outperformed our competitors in terms of digital ad revenue and audience growth.