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FTSE 100 Shares: Housebuilder Barratt’s Reservations Slump As It Indicates Possible Market Recovery

February 8, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Housebuilder Barratt Developments has announced a large slump in its order book for the first half of its fiscal year. However, the FTSE 100 company rose 2% in value following the news as results indicated a possible recovery in the UK homes market. It was last trading at 470p per share. Revenues And Profits Rise Total completions at Barratt rose to 8,626 homes between July and December, it said. This was up 6.9% from the 8,067 properties the business recorded a year earlier. This drove revenues 23.9% higher to £2.78 billion. And adjusted pre-tax profit increased 15.9% year on year to £521.5 million. However, adjusted gross margins at the business dropped 170 basis points year on year to 23.3%. This was due to higher build cost inflation which hit 10% during the first half. Greater sales in the lower-margin London market also pushed margins lower. Barratt’s net cash meanwhile dropped to £969.1 million from … [Read more...] about FTSE 100 Shares: Housebuilder Barratt’s Reservations Slump As It Indicates Possible Market Recovery

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Will Ralph Lauren Stock Trade Lower Post Fiscal Q3?

February 8, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Note: Ralph Lauren’s FY’22 ended on April 2, 2022 Ralph Lauren (NYSE: RL) , a company engaged in the design, marketing, and distribution of premium lifestyle products, including apparel, accessories, fragrances, and home furnishings, is scheduled to report its fiscal third-quarter results on Thursday, February 9. We expect Ralph Lauren stock to likely trade lower with both revenues and earnings missing expectations marginally. We expect soaring inflation and increasing manufacturing and transport costs to continue to negatively impact the company’s bottom line in Q3. That said, almost 40% of Ralph Lauren’s production takes place in China and Vietnam – which could lead to costs rising over the coming quarters as well. But still, Ralph Lauren backed guidance for high single-digit growth in FY’23 from the prior year despite a whopping 730 basis point negative impact from currency fluctuations. The gross margin is … [Read more...] about Will Ralph Lauren Stock Trade Lower Post Fiscal Q3?

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Boeing’s New Customer Driven Supply Chain

February 2, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Back in December the appointment of Ihssane Mounir as Boeing Commercial Airplanes’ new SVP of Supply Chain XCN2 & Fabrication caught my eye for one reason: he truly knows the customer. Who Better to Reinvent Commercial Aircraft Delivery? Although hired as an aerodynamics engineer in 1997, most of Mounir’s Boeing career has been in sales and marketing. This includes not only “ stealing the Paris Air Show ” in 2019 from rival Airbus with a huge order from British Airways and driving the company’s sales back after the 737MAX crisis, but also helping guide Boeing’s airline customers through the travel rollercoaster of COVID. His success as SVP of Commercial Sales & Marketing for six incredibly tumultuous years proves that he can solve complex problems with a rare combination of customer-centric thinking and operational chops. The timing is critical too, as commercial air travel is rebounding strongly, … [Read more...] about Boeing’s New Customer Driven Supply Chain

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Safari Q3 FY23 — Why this stock will continue to outperform

February 9, 2023 by www.moneycontrol.com

Representative image PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook Highlights Strong revenue performance in Q3 Gross margin improves sharply, helped by smoother supply chain Operating margin improves meaningfully, structural positives at play Favourable industry tailwinds Strong earnings trajectory, valuation discount to consumer universe Safari Industries (CMP: Rs 1877, Market Cap: Rs 4450 crore) had seen a huge outperformance in the past 11 months – up 113 percent against a 10 percent rally in the Nifty over this period. But we have more than one reason to believe that this company has more potential to... … [Read more...] about Safari Q3 FY23 — Why this stock will continue to outperform

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Hope to achieve ‘1-1-1 goal’ for Green hydrogen, petrochemicals to be integral part of Indian Oil’s growth story: Chairman

February 8, 2023 by www.moneycontrol.com

Indian Oil Corporation Ltd hopes that its green hydrogen initiatives and collaborations will accelerate the conversion of grey hydrogen to green and help achieve the ‘1-1-1 goal,’ Chairman Shrikant Madhav Vaidya, told Moneycontrol at the ‘India Energy Week 2023’. [Green Hydrogen 1-1-1 refers to the aim of reducing the price to $1 per 1 kilogram in 1 decade. ] Indian Oil Corporation is the largest state-owned oil refining company, with a capacity of 70.05 million metric tonnes per annum. It is also one of the leading petrochemical producers in India. Vaidya talked about the company’s petrochemicals expansion plan, the role of fossil fuels, and talent availability for its clean energy ventures, including green hydrogen. Edited excerpts: Q: Indian Oil has made a move towards clean energy in the green hydrogen space. What kind of targets do you have? A: Hydrogen and the refining industry go hand-in-hand. It's a raw material for me. So when I talk of hydrogen, basically, it's … [Read more...] about Hope to achieve ‘1-1-1 goal’ for Green hydrogen, petrochemicals to be integral part of Indian Oil’s growth story: Chairman

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India needs to review Green Hydrogen policy in view of incentives offered by other countries: Sumant Sinha of ReNew Power

February 8, 2023 by www.moneycontrol.com

As of now, corporates are going for clean electricity as step one, but eventually there will be other opportunities to decarbonise their entire operations, said ReNew Power MD Sumant Sinha The incentives and subsidies being planned by other countries for green hydrogen manufacturing are going to pose a stiff challenge for India if it does not review its strategy, said ReNew Power’s chairman and chief executive officer (CEO) Sumant Sinha. In an exclusive interview to Moneycontrol at the India Energy Week 2023 in Bengaluru, Sinha also said that from focusing only on renewables, the company now intends to also help corporates with their decarbonisation strategies. Edited excerpts from the interview: At the India Energy Week’s inaugural ceremony, the prime minister said going ahead, India's energy growth would be the highest in the world. We have done a lot of things in different segments of energy, whether it's hydrocarbons or clean energy. What are the gaps that still … [Read more...] about India needs to review Green Hydrogen policy in view of incentives offered by other countries: Sumant Sinha of ReNew Power

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Agnikul Cosmos plans commercial launch of Agnibaan around March 2023

November 11, 2022 by www.moneycontrol.com

From left: AgniKul Cosmos co-founder and COO Moin SPM and CEO Srinath Ravichandran Agnikul Cosmos, a Chennai-based space tech startup, is planning a full-scale commercial launch of their rocket Agnibaan in March/April 2023, according to co-founder and CEO Srinath Ravichandran. Agnilet, the startup's single-piece 3D-printed engine, was recently successfully tested at the Indian Space Research Organization's (ISRO) Vikram Sarabhai Space Center (VSSC) in Thiruvananthapuram. The startup is planning a test launch of its two-stage booster Agnibaan in December 2022. And, based on the findings of the test launch, the startup plans to conduct a commercial launch with customer payloads in March or April 2023, Ravichandran said. "There are a lot of people who have expressed interest to be part of the launch. So I think once our test is done, we will start converting them into like actual contracts," Ravichandran said. Ravichandran and Moin SPM, an operations specialist, founded … [Read more...] about Agnikul Cosmos plans commercial launch of Agnibaan around March 2023

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‘Unacceptable’: GOP Reps, Defense Experts Raise Red Flags Over Pentagon’s Reliance On China For Critical Minerals

February 8, 2023 by dailycaller.com

Congress and defense experts warned that reliance on China, including for critical mineral processing, is undermining defense companies’ ability to produce the weapons the Pentagon asks for at a hearing on Wednesday. The defense industrial base — firms that make weapons and equipment for the U.S. Department of Defense (DOD) — have struggled to overcome deepening supply chain setbacks that grew more severe during the COVID-19 pandemic. At the same time, China is not only rapidly modernizing its own military but dominating critical supply chains the U.S. weapons industry depends on to meet the Pentagon’s demands, lawmakers and industry representatives said Wednesday. (RELATED: US Relies On One Country For Key Materials In Defense Production — But There’s A Problem) “ Today, t here is a mismatch between what our national strategies aim to achieve and how our defense industrial base is postured,” David Norquist, president of the National Defense Industrial … [Read more...] about ‘Unacceptable’: GOP Reps, Defense Experts Raise Red Flags Over Pentagon’s Reliance On China For Critical Minerals

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How To Win Over Your New Customers

February 8, 2023 by www.forbes.com

Share to Twitter Share to Linkedin By Chris Christoff, co-founder of MonsterInsights , a leading plug-in for Google Analytics. Business leaders and marketers around the world are in a never-ending struggle to retain their customers. It’s no longer enough to convince someone that a product or service is worth an initial purchase. Instead, you must give users reasons to stick with your brand after their order. Returning customers spend more, view brands as more trustworthy and are more likely to tell friends and family about their experiences. In other words, retention is about more than keeping one customer; it’s about cultivating a community of people who trust and respect your business. There are quite a few ways you can create a top-notch customer experience and win over people from the moment they place an order on your website. Today, we will explore four strategies that can help you boost your retention rate and sales. Let’s dive in! … [Read more...] about How To Win Over Your New Customers

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How Oracle Red Bull Racing Walked Away From Porsche And Ford Stepped In

February 8, 2023 by www.forbes.com

Share to Twitter Share to Linkedin As questions surrounded equity control of Oracle Red Bull’s Formula 1 team, and changes to sustainability for the racing series are set to take a larger role, Porsche fell by the wayside, and Ford decided to make their return to the sport after a 22-year absence. It’s not often that one can say, “When a door closes, another door closes which leads to a door opening,” but that may best describe what has happened with consecutive F1 driver championships in 2021-22 and 2022 constructor champion Oracle Red Bull Racing. A seismic shift has occurred with those supplying powertrains in F1 as an increase in renewable technology continues to dramatically alter the consumer automotive market. In 2021, Honda left primary support for Red Bull as they moved away from combustion engines. Honda has pledged to be carbon-neutral by 2050. With not just Honda but others seeking to increase battery technology, and other renewable … [Read more...] about How Oracle Red Bull Racing Walked Away From Porsche And Ford Stepped In

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