Yahoo Sports' Pete Thamel talks with Alambama Head Coach Nate Oats after the Crimson Tide secure a No. 2 seed in the 2021 NCAA Basktball Tournament
Yahoo Sports' Pete Thamel talks with Alambama Head Coach Nate Oats after the Crimson Tide secure a No. 2 seed in the 2021 NCAA Basktball Tournament
Traffic stops are the most common way Americans interact with the police. Does it make sense to have armed officers enforcing traffic laws?
The Coinbase IPO has captivated the markets. But one strategist says the company isn't worth anywhere near the $100 billion some say it is. Here's why.
The "Argon-38 (CAS 13994-72-4) Global Market Research Report 2021" report has been added to ResearchAndMarkets.com's offering.
Last year at this time, Invesco Mortgage Capital (NYSE: IVR) was in a fight for its life, as the early days of the COVID-19 pandemic and related lockdowns created massive distress in the mortgage-backed securities market. Last year was pretty much awful for the entire real estate investment trust (REIT) sector, but the mortgage REITs were hit even harder than the rest.
The "Data Center Market in India - Industry Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The U.S. Transportation Department said on Wednesday businesses eligible for funding under the Aviation Manufacturing Jobs Protection program should begin preparing for the application process. Businesses that are engaged in aircraft manufacturing, maintenance and repair can avail funding under the program to pay for up to half the compensation costs for certain categories of employees for up to six months, the department said. The aviation sector has been impacted by travel restrictions around the world due to the COVID-19 pandemic, however, rising vaccination rates are widely expected to lead a recovery this year.
RADNOR, Pa., April 14, 2021 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed in the United States District Court for the Southern District of New York against Ebix, Inc. (NASDAQ: EBIX) (“Ebix”) on behalf of those who purchased or acquired Ebix securities between November 9, 2020 and February 19, 2021, inclusive (the “Class Period”). Lead Plaintiff Deadline: April 23, 2021 Website:https://www.ktmc.com/ebix-inc-securities-class-action-lawsuit?utm_source=PR&utm_medium=link&utm_campaign=ebix Contact:James Maro, Esq. (484) 270-1453 Adrienne Bell, Esq. (484) 270-1435 Toll free (844) 887-9500 Ebix supplies infrastructure exchanges to the insurance, financial, travel, cash remittances, and healthcare industries. The Class Period commences on November 9, 2020, when Ebix filed its quarterly report for the period ended September 30, 2020 on a Form 10-Q with the SEC, stating in relevant part that the “Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of our ‘disclosure controls and procedures’ . . . [and] have concluded that these disclosure controls and procedures are effective.” On February 19, 2021, after the market closed, Ebix revealed that its independent auditor, RSM US LLP (“RSM”), resigned “as a result of being unable, despite repeated inquiries, to obtain sufficient appropriate audit evidence that would allow it to evaluate the business purpose of significant unusual transactions that occurred in the fourth quarter of 2020” related to Ebix’s gift card business in India. RSM also stated that there was a material weakness related to Ebix’s failure to design controls “over the gift or prepaid card revenue transaction cycle sufficient to prevent or detect a material misstatement.” Additionally, Ebix and RSM disagreed over the accounting treatment of $30 million that had been transferred into a commingled trust account of Ebix’s outside legal counsel in December 2020. Following this news, Ebix’s share price fell $20.24, or approximately 40%, to close at $30.50 on February 22, 2021. The complaint alleges that, throughout the Class Period, the defendants’ positive statements about Ebix’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. Ebix investors may, no later than April 23, 2021, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com. CONTACT: Kessler Topaz Meltzer & Check, LLPJames Maro, Jr., Esq.Adrienne Bell, Esq.280 King of Prussia RoadRadnor, PA 19087(844) 887-9500 (toll free)email@example.com
Virtual Reality Training Leader Ranked in the Second Annual List of Companies Demonstrating Highest Growth in RevenueSan Francisco, CA, April 14, 2021 (GLOBE NEWSWIRE) -- Mursion, the industry leader in immersive VR training for essential skills in the workplace, is pleased to announce its ranking in the second annual Financial Times The Americas’ Fastest Growing Companies list for 2021. The compilation features 500 companies located in seven countries across the Americas that have shown the highest growth in publicly disclosed revenues between 2016 and 2019. Mursion is listed at number 306 with a 190 percent absolute growth rate and a 43 percent compound growth rate during this time period. The technology sector once again led the prestigious rankings — accounting for 28 percent of the overall list — including Mursion. Additionally, Mursion is one of only seven education-centered organizations to be named to the list. “It is an honor to be recognized for our company’s growth alongside such forward-thinking organizations by the Financial Times,” said Mursion Co-founder and CEO Mark Atkinson. “Since our founding in 2015, we have been striving to meaningfully contribute to our clients’ leadership development initiatives. During such a time as this, we’re fortunate to partner with clients whose priorities are well-aligned with our mission: to improve human interactions, at work and in our communities. While there is so much more to accomplish, this ranking points to the true progress that we’ve experienced.” The Financial Times The Americas’ Fastest Growing Companies 2021 list was compiled with research group Statista and ranks entrants by compound annual growth rate in reported revenue between 2016 and 2019. This data reflects the strength of a company’s overall business ecosystem, which is especially significant during the global pandemic. The willingness of companies to publicly disclose this financial information — financial executives were required to verify the figures shared — offers an insightful look into the health of these businesses, many of them privately held. About Mursion Powered by a blend of artificial intelligence and live human interaction, Mursion provides immersive VR training for essential skills in the workplace. Mursion simulations are designed for the modern workforce, staging interactions between learners and avatars to achieve the realism needed for measurable, high-impact results. Drawing upon research in learning science and psychology, Mursion harnesses the best in technology and human interaction to deliver outcomes for both learners and organizations. CONTACT: Monika Jo Mursion Inc. 4157469631 firstname.lastname@example.org
(Bloomberg) -- Grupo Televisa SAB soared as much as 37% after agreeing to sell its content and media assets to U.S. partner Univision Holdings Inc. in a $4.8 billion deal that deepens the ties between the two giants of Spanish-language TV.Televisa, Mexico’s top broadcaster, will remain the largest shareholder in the new Televisa-Univision, with an equity stake of about 45%, according to a statement Tuesday. Under the terms of the agreement, Televisa will receive $3 billion in cash and $1.5 billion in Univision stock.The sale places a 17% premium on Televisa’s content assets, according to Actinver analyst Rafael Leon, who raised his rating on the shares to the equivalent of buy from a neutral recommendation. Televisa climbed as high as $13.85 in New York trading.Teaming up with Televisa will help bolster Univision’s push into streaming. Though Univision is the largest provider of Spanish-language TV and radio content in the U.S., it hasn’t become as big a force online. Less than 10% of the Spanish-speaking population currently uses a streaming service, compared with 70% in the English-speaking market.“We’ll have an unmatched reach across Spanish-language consumers around the world,” Alfonso de Angoitia, Televisa’s co-chief executive officer, said on a call Wednesday. “This represents a tremendous market opportunity to accelerate growth, build on our leadership position in the U.S. and Mexico, and expand our global reach like no media or streaming company has ever done.”Finance PartnersThe deal will be financed through $1 billion of Series C preferred equity investment led by SoftBank Latin American Fund -- with participation by Alphabet Inc.’s Google and the Raine Group -- plus $2.1 billion of debt commitments arranged by JPMorgan Chase & Co.Bloomberg first reported in March that Televisa and Univision were considering a deal and said last week that SoftBank Group Corp. was in talks to join the transaction.The transaction is expected to be completed this year, if it gets regulatory approval in the U.S. and Mexico. The boards of both companies have already signed off on the deal.Univision CEO Wade Davis will lead the combined company, while Televisa’s de Angoitia will become executive chairman of its board. SoftBank’s Marcelo Claure will be vice chairman.The new entity will be a colossus of Spanish-language programming, drawing on the more than 86,000 hours of content that Televisa produces a year. The business will get four free-to-air channels from Televisa, as well as 27 pay-TV networks and stations; the Videocine movie studio; the Blim video-on-demand service; and the Televisa trademark.Digital TrendsUnivision, meanwhile, already has its namesake broadcast network in the U.S., plus the UniMás channel, nine Spanish-language cable networks, 61 TV stations and 58 radio stations. It also recently introduced a streaming service called PrendeTV.“We’re going to help the combined company accelerate the transformation by leveraging the key learnings from the digital trends we’re seeing in other sectors across the world,” Claure said Wednesday, adding Google will be a key partner in this technological transition.Televisa and Univision have a long history that goes back to 1961, when the Azcarraga family bought the first Spanish-only TV outlet in the U.S. Univision Holdings Inc. was formed in 1987, owned by Televisa and Hallmark. After subsequent ownership changes, Televisa and Univision forged a truce in 2010 after years of acrimony, striking a deal to share programming. Televisa bought a 5% equity stake and debt that could be converted into an additional 30% holding. It paid about $1.2 billion.Since then, both companies have struggled to keep up with the streaming revolution. U.S. media giants such as Netflix Inc., Walt Disney Co. and Amazon.com Inc. have built online-video empires, and they’re increasing making content in non-English tongues, including Spanish.But Televisa remains a dominant force in Spanish-language broadcasting. It exports programming not only to the U.S. but to much of Latin America and even Russia and China.“Televisa-Univision will emerge as the leading global Spanish-language multimedia company, uniquely positioned to capture the significant market opportunity for Spanish speakers worldwide,” Davis said.Televisa will keep its telecom and cable operations through its Izzi and Sky businesses, as well as the main real estate where productions are carried out, broadcasting licenses and transmission infrastructure in Mexico.News content production for Mexico will be outsourced via a company owned by Televisa’s owners, according to the statement.Televisa will use the proceeds from the deal to pay down debt and looks to push its debt-leverage ratio down below 2.0 times. After the transaction, Televisa will no longer consolidate financials of its content segment.Televisa will focus on expanding its broadband and telecom businesses in Mexico, de Angoitia said Wednesday.(Updates with comments from conference call starting in fifth paragraph.)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.
(Bloomberg) -- Saudi Arabia is celebrating one of the biggest foreign-investment windfalls in its history after netting more than $12 billion by selling off a stake in the oil pipelines that traverse the desert kingdom.But the country may also be facing an uncomfortable reality as a result. As carefully cultivated relationships with firms such as BlackRock Inc. and SoftBank Group Corp. have yet to draw in the desired investment, it’s turning to the jewels of its energy industry to attract new money.Last week’s sale of the stake to EIG Global Energy Partners LLC shows how reliant Saudi Arabia is on its traditional mainstay and the challenges Crown Prince Mohammed bin Salman faces in diversifying the country away from oil and gas to achieve his Vision 2030 goal. The likes of BlackRock and SoftBank haven’t invested back into the country as much as the government might have hoped, while foreigners favor revenue-rich energy assets over tourism and entertainment.“Entertainment and tourism might have had a better year of foreign direct investment in 2020 if Covid had not happened,” Karen Young, resident scholar at the American Enterprise Institute in Washington, said via e-mail. “But all the same, the core investors who see value in Saudi will be interested in the largest and most profitable sector, and that is still very much oil and energy.”Though EIG, the Washington-based private equity firm led by Chief Executive Blair Thomas, is a prominent investor in North America and Europe, it barely resonates in Saudi circles. It hasn’t made a single equity purchase in the Middle East until now, let alone the kingdom itself, and its management team has never showed at Saudi Arabia’s marquee “Davos in the Desert” conference, an event attended routinely by investment leaders from The Blackstone Group Inc.’s Stephen Schwarzman to Ray Dalio of BridgeWater Associates LP and the Carlyle Group’s David Rubenstein.Saudi Arabia attracted $5.5 billion in net FDI flows in 2020, equivalent to about 1% of its economic output, according to data compiled by Bloomberg, which means the EIG deal brings more than twice last year’s total. The government’s goal is 5.7% by 2030, hence the temptation to offer up prized energy assets such as parts of Saudi Aramco, the state-owned energy giant.“This is the latest milestone in an ongoing shift,” said Jim Krane, a fellow at Rice University’s Baker Institute for Public Policy in Houston. “Mohammed bin Salman and his advisers keep finding novel ways to coax cash out of Aramco without disrupting its operational capability. Right now it’s cash that the kingdom needs and Aramco controls the spigot.”EIG beat out rivals including Apollo Global Management Inc. and Brookfield Asset Management Inc. to buy the stake. It’s now putting together a consortium of other investors to join the deal.While several global investors have forged closer ties with Saudi Arabia in recent years, most of them see it more as a source of capital than an investment destination. The kingdom’s flagship Public Investment Fund, or PIF, is the largest investor in Softbank’s $100 billion technology vehicle, with an allocation of $45 billion. The PIF has also pledged as much as $20 billion to help Blackstone Group LP build the world’s largest infrastructure fund.The reasons are manifold, ranging from the inconsistency of the Saudi legal system to an economic slump as the country adjusts to lower oil prices. The 2017 arrest and incarceration of scores of Saudi businessmen at Riyadh’s Ritz Carlton hotel and the murder of dissident writer Jamal Khashoggi the following year have hardly helped.FDI into Saudi Arabia peaked between 2008 and 2012, averaging more than $26 billion. During those years, it was mostly driven by large refinery and petrochemical projects developed with foreign partners including Total SE and Sumitomo Chemical Co. at a time when oil averaged over $90 a barrel. The subsequent slide in oil has seen average FDI into Saudi drop to about $6 billion a year.“Despite the measures to liberalize and open the economy for investment into new industries, FDI has not come in the way originally planned,” said Monica Malik, chief economist at Abu Dhabi Commercial Bank.FDI may be set to pick up further this year. The kingdom signed agreements with developers including Electricite de France SA and Marubeni Corp. to build solar power plants last week, and later this year it is likely to complete the sale of the world’s largest desalination plant. In 2020, FDI rose 20%, in part driven by deals with Alphabet Inc. and Alibaba Group Holding Ltd. to develop cloud-computing hubs that Saudi Arabia said were worth a combined $1.5 billion.In selling assets of its main state-owned energy explorer, Saudi Arabia is following a model successfully implemented by neighboring Abu Dhabi. Instead of pursuing an initial public offering of its state-owned energy firm Adnoc, the emirate has raised more than $20 billion in recent years by bringing international investors into some of its key assets. EIG studied some of the Adnoc assets that were on offer but couldn’t reach an agreement. Hence, it didn’t want to lose out on the Aramco transaction, a person familiar with the matter said.Saudi Aramco is encouraged by the valuation and the interest generated for the pipelines deal, meaning the oil giant may pursue more disposals in the coming years, people familiar with the matter said. It has already entrusted boutique investment bank Moelis & Co with formulating a strategy for selling stakes in some subsidiaries, people familiar with the matter said in December.“It’s a great deal for Aramco, but also a new kind of investment strategy, in that it is “giving up” much more in terms of investor access to information, control over operations than an IPO does,” said Young of the American Enterprise Institute. “It is a real partnership, a long-term effort with outsiders, which is an entirely new level of trust outside of the firm and the government.”Founded in 1982, EIG has committed more than $34 billion to the energy sector, according to its website. Its portfolio includes holdings in Spanish solar developer Abengoa SA, Houston-based Cheniere Energy Inc., natural-gas producer Chesapeake Energy Corp. and storage and pipeline operator Kinder Morgan Inc.(Adds details on previous Saudi refinery investments in 11th paragraph.)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.
Everything you need to know before the quarter-final second leg
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Ad Spending Data from Centro Reveal Digital Media Strategies of Political Campaigns Grace Briscoe, SVP of candidates and causes, Centro "CTV has been a revelation for political marketers, combining the big-screen impact of TV with the agility and targeting of digital. Traditional TV buyers are including CTV on their plans because there are audiences of voters not reachable through linear TV," said Grace Briscoe, SVP of Candidates and Causes, Centro. "The 2020 Elections proved out many of the digital strategies that were being previewed in 2018." 2020 Elections Buying Tactics Mix Automated buying though demand-side platforms (DSPs) was the most popular channel for 2020 campaigns at 63% share of budgets (up from 60% in 2018). 2020 Elections Digital Ad Spend Format Video is the overwhelming favorite (71%) of all ad formats based on spending share – driven by CTV growth as well as the higher cost of video inventory (compared to display, etc.). WASHINGTON, April 14, 2021 (GLOBE NEWSWIRE) -- Centro (www.centro.net), a global provider of advertising technology, announced 2020 U.S. Elections research showing how political campaigns increased investments in CTV advertising, which represented 19% of their programmatic budgets. This was a 280% increase in CTV’s programmatic advertising share from the 2018 U.S. midterm election cycle. The data was compiled from more than 400 advertisers for state, local and national races managing digital ad buying via Centro’s platform, Basis. These political and advocacy advertisers encompassed more than $100 million spent across display, video, native, search and social media. The report, ‘U.S. Elections Digital Advertising Trends,’ is available at: https://www.centro.net/2021/04/2020-us-elections-digital-advertising-trends. The report illustrates U.S. Elections digital strategies on: Connected TV and video: Video is the overwhelming favorite (71%) of all ad formats based on spending share – driven by CTV growth as well as the higher cost of video inventory (compared to display, etc.).Programmatic: Automated buying though demand-side platforms (DSPs) was the most popular channel for 2020 campaigns at 63% share of budgets (up from 60% in 2018).Direct ad buying: The top three direct sellers were Facebook, Hulu and YouTube (in that order); new to the top 15 (that weren’t on the list in 2018) were TEGNA, Ampersand, Roku and Samba.Timing: Campaigns spent 55% of digital ad budgets in the last 30 days before Election Day, and 25% in the last 10 days. In the day before and the day of Election Day, $4.25 million was spent.Runoffs: December spending spike from the Georgia runoff amounted to an additional 10% of the total January through November 3, 2020 election spend. “CTV has been a revelation for political marketers, combining the big-screen impact of TV with the agility and targeting of digital. Traditional TV buyers are including CTV on their plans because there are audiences of voters not reachable through linear TV,” said Grace Briscoe, SVP of Candidates and Causes, Centro. “The 2020 Elections proved out many of the digital strategies that were being previewed in 2018. Despite a frenetic election cycle where campaigns had to navigate factors such as shifting tech platform policies, unprecedented early voting, and a pandemic, the most successful campaigns are capitalizing on emerging technologies that overcome the hurdles of this environment.” Centro’s technology and services have been trusted by agencies and consultants in politics, public affairs, and advocacy since 2008. Centro’s Candidates and Causes division has helped power digital media for 1500+ political campaigns and independent expenditure committees, and 2000+ issue advocacy advertisers. Its proficiency for driving perception in government, in the public sphere, and among specific audiences, is a differentiated and valuable asset in this field. Basis, Centro’s flagship technology for marketers, is the industry’s most comprehensive, automated, and intelligent digital media platform, and the only software solution of its kind to consolidate digital operations across programmatic, direct, connected TV (CTV), search, and social campaigns. Learn more at: https://www.centro.net/solutions/basis. About CentroCentro (https://www.centro.net) is a provider of ERP and automation software for digital advertising teams and organizations. Its technology platform, Basis, is the first of its kind SaaS advertising solution unifying programmatic and direct media buying, along with workflow automation, cross-channel campaign planning, universal reporting and business intelligence. It streamlines business operations and optimizes advertising performance by enabling marketers to plan, buy and analyze real-time bidding (RTB), direct, advanced TV, search and social campaigns in a single platform. Headquartered in Chicago with 44 offices covering North America, South America and Europe, Centro has received numerous accolades for its commitment to employees and workplace culture. Contact:Anthony Loredo917email@example.com Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d55f15e4-5fc4-4a7a-844d-6817b5218292 https://www.globenewswire.com/NewsRoom/AttachmentNg/faacbc92-bd30-4055-ac33-1913022d8b2e https://www.globenewswire.com/NewsRoom/AttachmentNg/4133ae06-326a-4ade-a035-38f945981ac1
Sterling hit a one-week high against the dollar on Wednesday, supported by the speed of Britain's vaccine rollout and recovering from a dip the previous day that was triggered by the resignation of the Bank of England's chief economist. The pound on Tuesday hit a six-week low against the euro and extended losses against the dollar after the announcement of Andrew Haldane's resignation. Haldane was seen as one of the more hawkish figures at the central bank, and was the most upbeat member of the BoE's Monetary Policy Committee on the prospect of a sharp economic recovery from the COVID-19 pandemic.
(Bloomberg) -- Wells Fargo & Co. rose the most in more than three months after posting profit that topped analysts’ estimates and offering an upbeat outlook for net interest income.Shares of the company jumped as much as 5.5%, the most on an intraday basis since Jan. 6 and the biggest advance on the 24-company KBW Bank Index. They’ve gained 39% this year as U.S. lenders benefited from the government’s massive stimulus efforts and an economic rebound that’s kept the worst of the predicted pandemic fallout from materializing.“If rates follow the current forward curve and commercial loans grow as the economic recovery gains momentum, which is expected by the industry, we would expect NII to land near the high end of the range,” Chief Financial Officer Mike Santomassimo said on a call with analysts. He also said the bank expected additional loan-loss reserve releases if the economy continued on its current trajectory.First-quarter net income at the San Francisco-based bank rose to $4.74 billion, boosted by a larger-than-expected release of loan-loss reserves, according to a statement Wednesday. Non-interest expenses were $14 billion, up from a year earlier and a touch higher than analysts forecast, while net interest income was lower than expected.The first-quarter results “reflected an improving U.S. economy, continued focus on our strategic priorities, and ongoing support for our customers and our communities,” Chief Executive Officer Charlie Scharf said in the statement. “Charge-offs are at historic lows and we are making changes to improve our operations and efficiency, but low interest rates and tepid loan demand continued to be a headwind for us in the quarter.”Scharf, who took over in late 2019, has focused on streamlining operations and pledged to shave $10 billion off annual expenses. The firm announced sales of its asset manager and corporate-trust unit in the first quarter, and the CEO said in January that its rail-leasing unit is on the chopping block too. Wells Fargo has said it has more than 250 expense initiatives in the works that will take three to four years.Wells Fargo shares advanced 5.5% to $41.97 at 11:33 a.m. in New York. JPMorgan Chase & Co., which also reported first-quarter earnings Wednesday, was down 0.4%.Wells Fargo remains under costly Federal Reserve-imposed restrictions that limit assets to their level at the end of 2017. In one of the first signs of success in the drive to escape the penalty, the company secured the Fed’s acceptance of a proposal it submitted last year.“Our work to build the appropriate risk and control environment remains our top priority,” Scharf said in the statement. “This is a multiyear effort and there is still much to do, but I am confident we are making progress, though it is not always a straight line.”The firm is working to complete the next steps needed to lift the punishment: adopting the plan and undergoing an independent review. Bloomberg reported in December that a number of top executives privately expect Wells Fargo won’t escape the asset cap before late this year, while key Fed officials see the process dragging into 2022 or beyond.Also in Wells Fargo’s earnings:Non-accrual loans fell 7.7% from the fourth quarter to $8.05 billion.Net interest income dropped 22% from a year earlier to $8.8 billionRevenue rose 2% to $18.1 billionThe bank’s efficiency ratio improved 6 percentage points from the fourth quarter to 77%Headcount shrank to 264,513 as of March 31, down 1.5% from Dec. 31For 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.
Zaandam, the Netherlands, April 14, 2021 – Today Ahold Delhaize held its Annual General Meeting (AGM), completely virtual, due to the COVID-19 health risk. Shareholders were asked to vote and submit questions in advance of the meeting, and they were offered the opportunity to ask follow-up questions during the meeting itself. The voting rights of approximately 668 million shares were exercised. The meeting was webcasted live via the Ahold Delhaize corporate website. Shareholders adopted Ahold Delhaize’s 2020 financial statements and agreed to the proposed 2020 annual dividend of €0.90 per common share for the full year. Therefore, a final dividend of €0.40 per share will be paid on April 29, 2021. This is in addition to the interim dividend of €0.50 per share, which was paid on August 27, 2020. Shareholders adopted all other proposals on the agenda, including the appointments of Jan Zijderveld and Bala Subramanian as members of the Supervisory Board. PricewaterhouseCoopers was re-appointed as the external auditor of the Company for the financial year 2021. During his speech, Ahold Delhaize CEO Frans Muller said: “As I look back on 2020, the coronavirus has had an enormous impact on all of us and on all the local communities which are close to one of our brands’ more than 7,000 stores. Our people have seen the hardship that the coronavirus causes every day. Customers, both online and in stores, have also felt the impact while they sought the safe familiarity of their daily shopping, amidst an atmosphere of great uncertainty. Associates across all our local brands, who number 414 thousand in total, have shown their commitment every day. “In 2020, we were able to make major investments, totaling €2.6 billion. In the Netherlands alone, that amounted to €600 million. This enabled us to award contracts to both large companies and medium sizes businesses, like construction companies, painters, plumbers and to logistics and IT-companies. These investments also led to direct and indirect employment opportunities. “We have greatly expanded our online capacity, with additional distribution centers, home shop centers, and most recently, an additional micro-fulfillment center in the US. We can now serve customers even better online, anytime and anywhere, in the way they want. For example, 87% of American households in our markets now have access to same-day pickup and delivery. “Together with our strategy and our purpose, our newly adopted vision sets the course for our company: to create the leading local food shopping experience. Our brands do this together with local suppliers and partners. That is how we can best serve customers and their changing needs in the best possible way. These needs include support for healthier living and cooking more at home. They also include helping customers make more sustainable choices and enabling more frequent and faster grocery pick-up and delivery. “We started 2021 in a position of strength which offers room for further growth. However, the outlook for this year is still uncertain due to the pandemic. That's why, in 2021 we will continue to do all we can to support associates, customers and local communities.” Cautionary note: This communication includes forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Words and expressions such as to be, vision, sets the course, leading, ready, future, position, enables, outlook, uncertain, certain, continue or other similar words or expressions are typically used to identify forward-looking statements. Forward-looking statements are subject to risks, uncertainties and other factors that are difficult to predict and that may cause actual results of Koninklijke Ahold Delhaize N.V. (the “Company”) to differ materially from future results expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the risk factors set forth in the Company’s public filings and other disclosures. Forward-looking statements reflect the current views of the Company’s management and assumptions based on information currently available to the Company’s management. Forward-looking statements speak only as of the date they are made and the Company does not assume any obligation to update such statements, except as required by law.
Working for the first time with friend and documentary photographer Nigel Shafran, we have exclusive images of the supermodel in her ‘most natural’ shoot to date for Self Portrait