- February 8, 2024
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The Thai stock market in the afternoon fell more than 10 points, falling below 1,400 points, supported by profit-taking sales of large-cap stocks such as KBANK, PTT, CPALL, ADVANC, etc.
At 2:45 pm, the SET index was at 1,389.82 points, down 10.20 points (-0.73%).
Mr Natthaphon Khamthakruea, Director of Securities Analysis at Yuanta Securities (Thailand), said that in the early afternoon the Thai stock market fell by more than 10 points, in line with the Hong Kong stock market. Meanwhile, stock markets in Asia are moving in positive and negative territory, mixed together. From being an overlapping period to the Chinese New Year festival As a result, investors began to postpone investment before the long holiday. causing a continued lack of support
In addition, the SET index was unable to stay above 1,400 points strongly. So there was some slowdown. Stocks weighing on the market include the retail and tourism sectors, after earlier speculation.
Armani Appoints The Historic Richard Pinabel For The…
2024-02-07 18:03:43
Armani bets on internal talent. The Italian company has named the new head of the cosmetics division. The line had been led by Véronique Gautier since 2010, until February 1, when the executive announced her resignation. With this decision, Gautier also left the L’Oréal group, which has held the Armani cosmetics license since 1988..
For its part, Since January 2022, Pinabel was deputy general director of Lancôme, a cosmetics brand that, like Armani Beauty, is part of L’Oréal’s luxury division. The executive joined L’Oréal in 2002, beginning his professional career in the Armani cosmetics line.
In 2006, he continued within the group as head of marketing for Ralph Lauren.before assuming the general management of Viktor&Rolf, Maison Margiela, Stella McCartney, Boucheron and Zegna in 2008.
In 2012, Pinabel became general manager in Japan of the Yves Saint Laurent perfume line, before taking on the role of president of the Shu Uemura brand. Six years later, the executive returned to Europe to head L’Oréal’s luxury division in Portugal, before joining Lancôme..
Pinable joined L’Oréal in 2018 to head the luxury division in Portugal
Armani closed the 2022 financial year with net sales up 16.5% in 2022,
E.l.f. Beautys CEO Tarang Amin Reveals Explosive Growth…
Exploring the Global Success of E.l.f. Beauty: A Phenomenon Across Age Groups and Countries
In the realm of cosmetics, E.l.f. Beauty has emerged as an undeniable force to be reckoned with. The company’s CEO, Tarang Amin, recently sat down with CNBC’s Jim Cramer to discuss their remarkable growth and expanding consumer base that transcends both age groups and geographical boundaries.
The Power of Effective Marketing and Social Media Strategy
Amin attributes much of E.l.f.’s global success to their ingenious marketing campaigns and strategic utilization of social media platforms. With a surge in international business by an astounding 119% in the last quarter alone, it is evident that their efforts have paid off.
“Our value proposition resonates all over the world,” asserts Amin, highlighting how their brand has resonated not only within mass markets but also among prestigious retailers like DOUGLAS in Italy. Building on this success, Amin underlines the company’s ability to capitalize on its robust social media presence which ensured brand awareness even before landing in Italy.
The scope of E.l.f.’s popularity is not confined to a specific generation; it transcends demographics. From Gen Z to Gen X and Millennials, each age group finds solace in E.l.f.’s enticing products.
Warning To Investors About Zuckerbergs Martial Arts Hobby
Zuckerberg and some other managers engaged in “high-risk activities such as martial arts, extreme sports and recreational flying” that could “lead to serious injury and death,” Meta noted in the detailed report for last year published over the weekend.
It is the first time that the Facebook Group has included such a reference to its boss’s hobbies in its usual risk warnings for investors. As before, Meta also emphasized that if Zuckerberg were no longer available for whatever reason, this would have “significant negative consequences” for the business.
Zuckerberg has control over Meta thanks to shares with more voting rights than ordinary investors – and still has a leading role in determining the company’s strategy. Meta has billions of users on its services such as Facebook, Instagram and WhatsApp.
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ENERGY TRANSITION GreenYellow Sells Its Shares To The…
Madagascar is at the center of financial interests, which is a good sign for supporting the investments necessary for economic development. In this whirlwind of business, in the noble and proper sense of the expression, GreenYellow has just signed an agreement with the Axian Group to sell its shares in solar energy in Madagascar. It has made the decision to offload, it is true, three of its solar sites in Madagascar, including that of Ambatolampy, with an installed capacity of 40 MW.
The general director of GreenYellow Austral, Pierre Marouby, speaks of “a handing over of the baton” and says he is convinced of Axian’s ability to continue the exploitation of these projects with ambition and success. For this French company, the sale of its assets in Africa, including Madagascar, is a continuation of its strategy which aims “to rebalance its geographical exposure and accelerate its development in Europe”, according to the Axian press release.
For Axian Energy, acquiring GreenYellow’s solar assets realizes its growth ambition and underlines its desire “to have a positive impact and contribute to socio-economic development through accessible and sustainable energy solutions”, as Benjamin Memmi indicates. , CEO of Axian Energy. The two parties will therefore actively collaborate with a view to concluding the transaction for this sale of assets.
The AN Confirms The Sentence That Absolves Iberdrola
The Central Criminal Court of the The National Court has declared final the sentence by which it agreed to acquit Iberdrola Generación España and four of its directors of the crime related to the market and consumers of which the Prosecutor’s Office accused them for the increase in the price of energy at the end of 2013.
This is stated in an order by Judge José Manuel Fernández Prieto, to which Europa Press has had access, which indicates that after the period to appeal this acquittal has elapsed, none of the accusations – neither the Anti-Corruption Prosecutor’s Office, nor the private or popular ones – has filed an appeal against it.
Since the judge’s decision becomes final, he agrees in this same order lift embargoes and other precautionary measures agreed in the case.
Sources of The company indicates that the ruling of the National Court has been well received “especially by the colleagues of the workers identified in this unusual criminal process”, in which “what were mere administrative discrepancies” have been criminally judged.
It was the past January 10 when the judge’s decision was revealed, which explained that the Public Ministry maintained that those executives related to energy management had participated in devising a system that altered the price that consumers paid.
Company Insolvencies Increase 56% In January
#Company #insolvencies #increase #January
According to Iberiform, a subsidiary of Crédito y Caución, Lisbon and Porto are the districts with the highest insolvency values, with 108 and 131, respectively.
Insolvencies increased in January, reaching a total of 444 companies, which corresponds to an increase of 56%, that is, there were 159 more insolvent companies than in the same period last year.
According to Iberiform, a subsidiary of Credit and Caution, Lisbon and Porto are the districts with the highest insolvency values, with 108 and 131, respectively. This is followed by Villa Real, which registered an increase of 400%, White Castle of 200%, Anger of Heroism, Santa Rem, Ponta Delgada, Braga, Faro, Viseu, Coimbra and Aveiro.
However, there are also districts where there was a drop in insolvencies, such as Portalegre, Évora, Viana do Castelo, Madeira, Leiria and Setúbal.
In January, “82 declarations of insolvency requested by third parties” were registered, which represents an increase of 64% compared to the same period last year, “130 declarations of insolvency presented by the companies themselves and 227 declarations of insolvency”, is mentioned in a press release.
Companies in the vehicle trade sector were those that recorded the biggest increase in insolvencies,
Paypal (PYPL) Q4 Earnings: A Look At Key…
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Paypal (PYPL) Q4 Earnings: A Look at Key Metrics and Revenue Growth
Paypal, the global leader in online payment solutions, recently released its fourth-quarter earnings report for 2023. The company reported a revenue of $8.03 billion for the quarter, representing an impressive year-over-year increase of 8.7%. This growth in revenue surpassed the Zacks Consensus Estimate of $7.88 billion, indicating a positive surprise of +1.81%. Additionally, Paypal’s earnings per share (EPS) for the same period stood at $1.48, compared to $1.24 a year ago, showcasing a significant improvement.
While revenue and earnings figures are crucial in assessing a company’s financial health, it is equally important to analyze key metrics that provide a more accurate picture of its performance. By comparing these metrics with the previous year’s numbers and analyst estimates, investors can better understand a stock’s potential price performance.
Let’s delve into how Paypal fared in terms of the most closely monitored metrics by Wall Street analysts:
1. Transaction Margin: Paypal’s transaction margin for the quarter was 45.8%, aligning perfectly with the average estimate provided by ten analysts.
2. Total Payment Volume (TPV): The company’s TPV for the quarter reached $409.83 billion,
U.S. Stocks Overnight | Dow, S&P 500 Hit…
U.S. Stocks Surge to Record Highs, Bond Auction Unexpectedly Solid
On Wednesday, the historic rally in U.S. stocks continued to advance strongly, with the S&P 500 closing very close to 5,000 points, setting a new record closing high with the Dow. The surge in Big Tech stocks and strong sales of 10-year Treasury notes contributed to the stock rise, along with solid expectations for a strong economy driving corporate profits.
The Dow rose 156 points to 38,677.36 points, and the S&P 500 index rose 40.83 points to 4,995.06 points. New York Community Bank (NYCB.US) and NVIDIA (NVDA.US) saw increases, while Roblox (RBLX.US) surged 10.2% after the announcement of its results.
In Asia-Pacific markets, the Nikkei 225 index fell 0.11%, while South Korea’s KOSPI index rose 1.3%. The U.S. dollar index DXY fell 0.15% to 104.05, and Bitcoin rose more than 2.3% to US$44,161.79.
The 10-year U.S. Treasury note auction exceeded expectations, with international crude oil prices and U.S. gold prices also rising.
The U.S. trade deficit fell nearly 19% year-on-year in 2023, marking the largest narrowing in 15 years.
In individual stock news, Apple (AAPL.US) is rumored to be developing at least two horizontal clamshell fol dable iPhones,