Tagged: year

Marketing agency wins award | The Guardian Nigeria News

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The Board of Regents, Covenant University, Ota, Ogun, has approved 20 per cent salary increase for all the staff of the institution. Prof. Abiodun Adebayo, Vice-Chancellor of the Institution, said this in a statement on Wednesday in Ota. Adebayo said the decision by the Board to implement the salary increase was to cushion the adverse…

33 mins ago

Tyler Young, a 29-year-old father battling schizophrenia, committed a horrific murder-suicide, taking the lives of his wife, 24-year-old Skylar Young, their four-month-old son, Bandin Young, and Skylar’s nine-year-old daughter, Angel Isaac. The tragic event unfolded in their home on East 9th Street in Lorain, Ohio. Police were alerted to the scene at 10 am on…

52 mins ago

Russia attacked Ukraine with more than a dozen attack drones and a cruise missile, the Ukrainian air force said Wednesday, claiming to have downed all the drones. This came as authorities in the southern region of Odesa announced they earlier shot down a rare Iranian-designed attack and reconnaissance drone. Ukraine has been bracing for an…

52 mins ago

The Nigeria Customs Service, on Wednesday, expressed readiness to collaborate with the Nigerian Copyright Commission (NCC) to combat piracy of intellectual and creative property in Nigeria. The Comptroller-General of Customs, Bashir Adewale Adeniyi MFR, while receiving members of the Commission at the Customs Corporate Headquarters in Abuja. The CGC, welcoming the delegation to his office,…

59 mins ago

The National Leader of the pan-Yoruba socio-political organisation, Afenifere, Pa Reuben Fasoranti, and some elders in Ondo State has appealed to President Bola Tinubu and the National Chairman of the All Progressives Congress (APC) to urgently intervene in the political crisis rocking the state. The elder statesmen under the aegis of Ondo State Elders and…

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Gloucestershire marketing agency delivers the UK’s largest cyber awards ceremony

PinPoint Media, with south west offices located in Cheltenham, recently delivered a huge event in the National Cyber Awards 2023 — with great success.

Hosted in London on Monday 25 September 2023, the event saw over 400 high-profile cyber professionals from across all aspects of the sector, from public to private. Its events team received excellent feedback from guests and winners for a seamlessly smooth and enjoyable ceremony.

The largest accolades for the cyber industry, the fifth edition of the National Cyber Awards featured categories including Innovation and Defence; Policing and Law Enforcement; Education and Learning; Cyber in Business; and Public Service.

25 individual awards were up for grabs, including the Cyber Defence Product of the Year; the Cyber Policing Team of the Year; the Cyber University of the Year; and the Cyber Business of the Year — receiving the seal of approval from the top of the government, there was even a Prime Minister’s Award for Cyber, supported by the Cabinet Office.

Prime Minister Rishi Sunak MP said: ‘The National Cyber Awards are a wonderful way to reward, celebrate and showcase the work of those who are committed to keeping us safe online.’

A content marketing agency with bases in Cheltenham, London and Manchester, PinPoint Media have created digital marketing materials and resources for clients such as The Royal Air Tattoo, Siblings Gin and Gloucester Rugby.

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Birkenstock IPO: Can the Sandal-Maker Be the Next Big Footwear Stock?

When you think of growth stocks, you probably don’t think of footwear makers, but the industry has had a surprising number of big winners in recent history. Nike (NYSE: NKE) is likely the best known of the group, and the Swoosh has delivered monster returns over its history.

But more recently, other footwork stocks have shined. These include Deckers Outdoor, the parent of the Ugg, Hoka, and Teva brands; Crocs; and Skechers USA. All have outperformed both Nike and the S&P 500 by a wide margin over the last decade, as the chart below shows:

CROX Chart

CROX data by YCharts.

Unlike much of the broader apparel industry, footwear companies benefit from strong branding. And demand for casual footwear has been strong over the last decade, driven in part by the remote-work trend kicked off by the COVID-19 pandemic.

Now, Birkenstock Holding (BIRK 1.24%) has become the latest company to enter the fray. The 249-year-old company went public on Wednesday, but the debut was not so well-received; the stock finished the session down 12.6% from its $46 listing price.

However, investors shouldn’t write off Birkenstock on the basis of a weak opening day. Let’s take a closer look at what the footwear stock offers to see if it can repeat the performance of peers like Deckers.

A person walks a dog while dressed in athletic clothes and shoes.

Image source: Getty Images.

A big step forward

Birkenstock has been well-known for its leather sandals for generations, Over the last decade the company has reinvented itself, in part due to the influence of new investors, and its growth has been impressive. Revenue has risen by more than 300% from 2014 to 2022, for a 20% compound annual growth rate, reaching 1.24 billion euros last year.

Its growth took off after the Birkenstock family brought in its first outside

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HP dials back profit expectations on PC market slump, China weakness

By Zaheer Kachwala

(Reuters) -HP Inc tempered expectations for annual profit on Tuesday, as it grapples with a more than a year-long slump in the personal computers segment and sluggish demand in key market China.

Shares of the Palo Alto, California-based company fell 5.2% in after-market trading.

Inflation and an uncertain global economy triggered a decline in demand for consumer electronics including PCs last year, and led to increased inventory across the supply chain.

“While we expect another quarter of sequential growth in the fourth quarter, the external environment has not improved as quickly as anticipated and we are moderating our expectations as a result,” said HP’s CEO Enrique Lores.

PC shipments including desktops, notebooks and workstations to China have dropped 19% in the past few months as the region remains cautious about spending on IT, according to analysis firm Canalys.

“We don’t see it (a recovery in China) happening anytime soon. And at this point, we are not building that recovery in any of our plans,” Lores added.

HP now forecasts adjusted earnings per share to be in the range of $3.23 to $3.35 from earlier expectations of $3.30 to $3.50.

The company‘s third-quarter revenue dropped 9.9% to $13.20 billion compared with analysts’ estimates of $13.37 billion, according to Refinitiv data.

However, a focus on controlling costs helped the PC maker report adjusted earnings per share of 86 cents, in line with analysts’ estimates.

Total costs and expenses also fell 8.6% from a year earlier.

The company remains on track to deliver 40% of its three-year cost savings target by the end of the fiscal year.

(Reporting by Zaheer Kachwala in Bengaluru; Editing by Krishna Chandra Eluri)

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Michelin leads Bridgestone as largest tire maker, Goodyear grows at No. 3

As Michelin looks to strengthen its portfolio around and beyond tires, Bridgestone is working on narrowing its focus just a bit.

Since 2019, the percentage of Bridgestone’s corporate sales attributed to tires is estimated to have grown. In 2019, it was estimated that 75 percent of sales was from the company’s tire business. And while that estimate dropped by just one point in 2020, it grew to 80 percent in 2021 and then 85 percent in 2022—during which Bridgestone reported sales of $26.6 billion.

The Tokyo-based tire maker made at least 16 significant moves in 2021, setting the stage for a big year in 2022.

That same year—2022—Bridgestone made some major announcements and completed some moves. And all of them are aimed at a single vision: bringing more tires to the market, and do so more sustainably. Including in North America.

Perhaps the most prominent example of Bridgestone North America Inc.’s efforts is the $550 million investment in its Warren County, Tenn., truck/bus tire facility. The company this month broke ground on the project, which is expected to be substantially completed by 2026. The funding not only will increase output, it will help ensure that the products coming out of the plant are more sustainable and new mobility-ready.

Bridgestone last year opened its new $21 million, 80,000-sq.-ft. race tire manufacturing plant in Akron, expanding capabilities and ensuring efficient operations.

And when it comes to sustainability, retreading is key for the tire maker. So Bridgestone is focusing capital expenditures on growing its expertise in this area, particularly at its tread rubber facility in Abilene, Texas. The tire maker broke ground on a $60 million expansion there in May.

Bridgestone’s also investing in sustainable materials, including guayule. Last year, the company said it would put another $42 million into growing its

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Two men charged following thefts from building sites

A number of residential developments, like this one, were targeted last year
A number of residential developments, like this one, were targeted last year

Police say two men from Telford, aged 21 and 32, have been charged with six offences of theft, relating to a number of crimes from building sites in the town last year.

The offences took place in late 2022, targeting fuel and plant machinery stored on new residential building developments.

The arrests follow an investigation as part of Operation Aegis, which is a multifaceted approach that involves police officers working directly with site security and other staff to prevent thefts from building developments.

PC Berwyn Pratt said: “A 21-year-old male and a 32-year-old male from Telford have been charged with six offences of theft, which relate to a number of new residential building sites in Telford.

“These offences took place during late 2022 and targeted fuel being stored in fuel bowsers and plant machinery being stored on sites.”

The two men will appear in Magistrates Court on May 30.

Police are appealing for information about similar incidents, and are asking those with information to contact West Mercia online at westmercia.police.uk, quoting Operation Aegis.

Information can also be passed anonymously to the independent charity, Crimestoppers, by calling 0800 555 111 or online at crimestoppers-uk.org

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