All posts tagged: quarter

Suspensions up 40% as exclusions rise by a quarter

Suspensions up 40% as exclusions rise by a quarter

Published by skeptic

Union leader says figures show ‘whole system teetering on the brink of collapse’ Union leader says figures show ‘whole system teetering on the brink of collapse’ More from this theme Recent articles Suspensions of pupils from school soared by 40 per cent last autumn, with permanent exclusions also up 25 per cent. Data published by the Department for Education this morning shows there was a suspension rate of 4.13 in the autumn term of 2023-24, equivalent to 413 suspensions per 10,000 pupils. This is up from 2.96 the year before, and almost double the pre-pandemic rate of 2.17. The number of suspensions also increased year-on-year from 247,366 to 346,279. The suspension rate for pupils eligible for free school meals was four times that of those not eligible. Year 9 had the highest suspension rate, followed by year 10. The rate of permanent exclusion also increased from 0.04 in autumn 2022 to 0.05 last autumn, an increase of 25 per cent. The number of permanent exclusions increased from 3,104 to 4,168. Government publishes exclusion data on …

Revenue Falls, CEO Concedes Disappointing Quarter

Revenue Falls, CEO Concedes Disappointing Quarter

Published by skeptic

Lionsgate released its second quarter financial results that follow the spinoff of the media giant’s studio business into a separately traded stock earlier this year. The studio, led by CEO Jon Feltheimer, shrunk its first quarter net loss to $177.8 million, compared to a year-earlier $887.9 million loss then due to the impact of non-cash goodwill and intangible asset write downs and restructuring charges in the media networks division. Lionsgate is the studio behind John Wick, The Hunger Games and other movie franchises. During the latest financial quarter, Lionsgate saw overall revenue falling to $948.6 million, which compares to a year-earlier $1.01 billion. The latest financial frame beat an analyst consensus of $921 million for second quarter revenues. The adjusted per-share loss was 43 cents, which beat an analyst consensus by 5 cents. During the first quarter, the company’s studios business, which combines the Motion Picture and TV production segments, saw Motion Picture revenue rise to $407.1 million, compared to $396 million in the same period of 2023, while the TV production revenue reached $416.6 million, against a …

Amazon Jumps On Record AWS Profit Margin, Solid Holiday Quarter Guidance

Amazon Jumps On Record AWS Profit Margin, Solid Holiday Quarter Guidance

Published by skeptic

As we noted in our preview earlier, Hedge Funds are getting picky into the quarter. While most were short as given a perceived miss below Street for Q4 EBIT, some have covered as downside (if any) would be short-lived with investors having messaged a “buy-the-dip” mentality. Investors are starting to understand the variability of operating income and there is a general agreement that this is the best capital allocator in the space, so would rather Amazon invest than harvest profit dollars. The bull case continues to center around prospects for faster gross merchandise value growth and share gains on higher level of service amidst ongoing fulfillment regionalization efforts in the US and eventual global rollout; ongoing margin expansion in Amazon’s ecommerce franchise due to improving unit economics; new high margin revenue stream from Prime Video with ads – although still in its early innings it should become a meaningful contributor over time, especially as content costs are already incorporated in the model. Investors are also focused on the payouts through the investment cycle with AWS …

Quarter of political donations in EU go to extremist and populist parties, data reveals | Europe

Quarter of political donations in EU go to extremist and populist parties, data reveals | Europe

Published by skeptic

A quarter of all private money donated to political parties in the EU is going to far-right, far-left and populist movements, boosting their finances by millions of euros before crucial European parliament elections next week. With the polls predicting a rise in support for hardline conservative, Eurosceptic and pro-Russia parties, the Guardian and other 26 media partners, led by the investigations group Follow the Money, are publishing Transparency Gap, the most extensive analysis yet of political financing in the EU. The data was gathered from the annual reports of more than 200 parties across 25 countries. It shows €150m (£128m), the equivalent of €1 in every €4 of all private donations made between 2019 and 2022, went to populist parties and those with the most extreme political views. Far-right groups have pulled in more than €97m, equivalent to €1 in every €7 of private money. Graph showing proportion of non-public funding to European parties across the political spectrum The project used the same party classification as research group The PopuList, which defines those on the …

British Economy Rebounds Strongly in First Quarter of the Year, Ending ‘Technical Recession’

British Economy Rebounds Strongly in First Quarter of the Year, Ending ‘Technical Recession’

Published by skeptic

LONDON (AP) — The British economy bounced back strongly in the first three months of the year, bringing to an end to what economists termed a “technical recession”, official figures showed Friday. The Office for National Statistics said the economy grew by 0.6% in the first quarter from the previous three-month period, with broad-based strength across the crucial services sector in particular. The increase was higher than the 0.4% predicted by economists and the strongest since the fourth quarter of 2021 when the economy was rebounding following the sharp contraction during the coronavirus pandemic. It comes after two quarters of modest declines, which in the U.K. is defined as a recession. Despite the quarterly increase, the British economy has barely grown over the past year. It has been hobbled by interest rates at 16-year highs of 5.25%. There was hope Thursday that they may be on the way down soon. Bank of England Gov. Andrew Bailey indicated that a rate cut may be on the cards in June if inflation continues to trend downwards. The …

Reddit predicts surprise core profit in second quarter, shares surge

Reddit predicts surprise core profit in second quarter, shares surge

Published by Sam

:Reddit predicted that it could post an adjusted core profit in the second quarter on the back of strong user growth and an uptick in the advertising market, sending its shares up more than 16 per cent in extended trading on Tuesday. The forecast contrasted with Wall Street expectations of a loss. Reporting its first results since going public in March, the company also forecast revenue for the second quarter that was widely above market estimates. Reddit is also trying to diversify revenue by licensing its user-generated content for the training of data-hungry AI models. It signed a deal with Google earlier this year that is worth about $60 million per year. The results follow strong earnings from rivals including Snap and fan optimism that marketers are ramping up spending this year, after an ad market slump in 2023 caused by sticky inflation and an uncertain economic outlook. Reddit said it expects adjusted earnings before interest, taxes, depreciation, and amortization to be between break-even and $15 million in the second quarter, compared with analysts’ estimate …

Record number of EV chargers installed in the UK last quarter

Record number of EV chargers installed in the UK last quarter

Published by skeptic

A record number of public electric vehicle charging stations were installed in the UK this quarter, as charging companies struggle to keep up with the growing number of plugin cars on British roads. Almost 6,000 new EV chargers were installed in the UK during the first three months of 2024, according to quarterly figures from data company Zapmap and published by the UK’s Department for Transport. Approx. 25% (about 1500) were DC fast chargers. There were nearly 60,000 public vehicle chargers energized and active in the UK as of April 1st, up nearly 49% compared to 2023 and nearly 2x the number of public chargers available in 2022. Ben Nelmes, CEO of automotive think tank New AutoMotive, says the recent expansion of the UK’s electric vehicle charging infrastructure has brought public charging to areas that had previously been poorly served. This is thanks, in part, to local governments gradually taking advantage of central government grants to put more EV chargers in the ground. “I think there is a coming together of two things,” Nelmes told The …

Popular Malaysian coffee chain Oriental Kopi opening first Singapore outlet in third quarter of 2024

Popular Malaysian coffee chain Oriental Kopi opening first Singapore outlet in third quarter of 2024

Published by Sam

Oriental Kopi’s signature item is, of course, the eponymous Oriental Kopi, a full-bodied Nanyang-style brew made from a blend of Arabica, Robusta and Liberica beans. Other coffee variants include butter coffee and white coffee. The chain, which started as a single coffee shop in 2021, is also famous for its range of egg tarts which have won the record for thickest egg tart in Malaysia, according to the Malaysia Book Of Records. Other noteworthy items include their polo bun and nasi lemak. Oriental Kopi has added that it will be introducing Singapore-exclusive menu items in the outlets here. Paradise Group’s Chief Operating Officer Edlan Chua said: “We are thrilled to embark on the group’s very first joint venture with Oriental Kopi. Its commitment to quality resonates deeply with Paradise Group, and we are confident that it will be a well-loved concept by Singapore diners.” Oriental Kopi’s Group Managing Director Calvin Chan added: “Joining forces with Paradise Group represents an exciting chapter in our Oriental Kopi story.” Source link

Amazon Reports 3.3 Billion in Revenue for First Quarter of 2024

Amazon Reports $143.3 Billion in Revenue for First Quarter of 2024

Published by skeptic

Amazon reported its highest first-quarter profit on Tuesday as it continued to wring efficiencies out of its retail business and recharge growth in its cloud computing operations. The company was also for the first time on track to have $100 billion in annual cloud computing sales. The company had $143.3 billion in revenue in the first three months of the year, up 13 percent from a year earlier. Profit more than tripled, to $10.4 billion. The results beat analysts’ expectations. “It was a good start to the year across the business, and you can see that in both our customer experience improvements and financial results,” Andy Jassy, Amazon’s chief executive, said in a statement. After a year of companies paring back tech spending, Amazon’s lucrative cloud computing business has been regaining steam. Sales from cloud computing were up 17 percent, to $25 billion. The growth was the fastest pace in more than a year. Operating income for that business grew 84 percent to $9.4 billion, accounting for most of the company’s operating profit. Amazon’s share …