Titres en action: Cogeco, EasyJet, Tesco, and Toshiba

Here is a selection of the ads that have (or will) drive the prices of these companies:

(Come back and read us from time to time
So you never miss an update)

Kojiko (CGO, $ 97.34) Revenue was 6.9% and profits were down slightly in the second quarter, and this epidemic indicates Quebec’s tendency to telework in its favor and declining advertising that weighs on its media sector. Kojiko revenues were $ 653.2 million, up from $ 610.8 million for the same period last year. Revenue from Canadian broadband services increased 10.1% at a fixed exchange rate due to continued demand for high-speed residential internet services since the start of the pandemic, the acquisition of DERYtelecom in December 2020 and some price increases. US broadband revenue increased 9.5% mainly due to a higher number of Internet service customers, as well as increases in tariffs applied to certain services and the impact of the acquisition of Thames Valley Communications that ended on March 10, 2020. The Quebec company however, suffered a decline. In revenue in the media sector, due to the decline in the market for broadcast ads “directly attributable to the COVID. 19 epidemic”. Cogeco’s earnings for the quarter ended February 28, 2021 were $ 33.7 million, or $ 2.12 per share, down from $ 35.0 million, or $ 2.19 per share, for the corresponding period of the 2020 fiscal year.

British Airways EasyJet (EZJ, 953 pence) It will suffer a huge loss for the first half of the year ending at the end of March, but it expects traffic to accelerate from the end of May as overseas travel resumes. The carrier said in a statement on Wednesday that it expects a pre-tax loss of between 690 million pounds and 730 million pounds in the first six months of the 2020-2021 fiscal year. The airline diverted only 14% of its capacity for 2019, and even only 9% between January and March due to lockdowns and travel restrictions in the face of the pandemic. Its turnover was split from £ 10 to £ 235 million over the entire first half of the troubled financial year. The company sees a slow improvement with 20% capacities in the spring, and an increase from the end of May, with the hoped-for lift of UK travel restrictions.

READ  Sen et al. Marne. Thomson is moving production of its high-end personal computers to Pontault-Combault

British supermarket giant Tesco (TSCO, 227.40 pence) Its annual profitability has been affected by health measures and investments resulting from the pandemic, despite the surge in online and supermarket sales. However, net profit more than doubled by six to 6.1 billion pounds for the fiscal year 2020-2021 ending at the end of February, according to a statement issued by the UK’s first company in the sector, issued on Wednesday. But this increase is a trompe-l’oeil because the results benefited from an exceptional £ 5 billion sale of its activities in Thailand, Malaysia and Poland. Excluding actions, its profitability decreased slightly due to the cost of the health crisis, which amounted to 892 million pounds. These expenses are explained by the absence of sick or isolated employees, the hiring of temporary workers, the purchase of health protection equipment or even investments in online sales.

Director general Toshiba (6502T, 4860 yen), Nobuaki Kurumatani resigned on Wednesday with immediate effect, announcing the Japanese conglomerate in a perfect storm, between active shareholder pressure, the proposed acquisition of CVC Capital Partners and potential rival offers. In a statement, the group said Toshiba’s chairman Satoshi Tsunakawa, 65, would combine the positions of chairman and chief executive officer. Osamu Nagayama, a board member and chair of the nominations committee, said at a press conference that the board had accepted the resignation of Mr. Kurumatani, “who has succeeded in his mission to revitalize Toshiba.” Under the leadership of Mr. Kurumatani, a former outside Toshiba financier appointed in 2018, the group corrected its finances, which allowed it to return in January this year to the first schedule of the Tokyo Stock Exchange, which departed in 2017. One of the major financial difficulties he encountered in this was Time.

READ  Stock Market: What moves in the markets before Friday's opening

Leave a Reply

Your email address will not be published. Required fields are marked *