Media Finance – Artwired Media http://artwiredmedia.com/ Wed, 18 May 2022 11:22:06 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://artwiredmedia.com/wp-content/uploads/2021/05/artwired-media-icon-150x150.png Media Finance – Artwired Media http://artwiredmedia.com/ 32 32 South Korea Auto Finance Market Expected to Hit $43.68 https://artwiredmedia.com/south-korea-auto-finance-market-expected-to-hit-43-68/ Wed, 18 May 2022 11:17:49 +0000 https://artwiredmedia.com/south-korea-auto-finance-market-expected-to-hit-43-68/

Portland, OR, May 18, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the Automotive finance market in South Korea generated $29.42 billion in 2020 and is expected to reach $43.58 billion by 2030, growing at a CAGR of 4.1% from 2021 to 2030. The report provides an in-depth analysis of major investment pockets, of the most winning strategies, drivers and opportunities, market size and estimates, competitive scenario and hesitant market trends.

Significant improvements in auto loans and finance services among various banks nationwide, availability of a variety of auto finance service offerings provided by leading banks through online and mobile platforms, remarkable increase in adoption of electric vehicles and increase in the number of mobile-first customers for transparent financing are expected to drive the growth of the automotive financing market in South Korea. On the other hand, the increase in the number of car owners offering ride-sharing services to customers is hampering the growth to some extent. However, a notable increase in the automobile industry is expected to create many opportunities for the growth of the industry.

Download a free sample report (Get a detailed analysis in PDF – 109+ pages) @ https://www.alliedmarketresearch.com/request-sample/16302

COVID-19 scenario

  • The outbreak of the COVID-19 pandemic has negatively impacted the growth of the auto finance market in South Korea, due to the occurrence of lockdowns in the country.
  • The lockdowns have led to the postponement and cancellation of new car purchases or leases, which has significantly reduced the demand for auto finance in the country.
  • In addition, the financial crisis, irregular income and rising unemployment rate in the country further aggravated the growth of the market.
  • However, the market should recover soon.

The report offers detailed segmentation of the South Korea auto finance market based on distribution channel, vehicle age, application, purpose and region.

By vehicle age, the new vehicle segment held the greater market share in 2020, bringing together nearly three-fifths of the total market. The used vehicle segment, on the other hand, is expected to quote the fastest CAGR of 4.6% during the forecast period.

Interested in getting the data? Inquire here @ https://www.alliedmarketresearch.com/purchase-enquiry/16302

Based on applications, the individual segment held the majority share in 2020, holding more than three quarters of the global market. The commercial segment, on the other hand, is expected to show the fastest CAGR of 7.0% during the forecast period.

Based on purpose, the lending segment held the lion’s share in 2020, garnering more than three-fifths of the global market. The rental segment, on the other hand, is expected to quote the fastest CAGR of 5.3% during the forecast period.

Get a detailed COVID-19 impact analysis on the Car financing in South Korea Market @ https://www.alliedmarketresearch.com/request-for-customization/16302?reqfor=covid

Key players analyzed in the South Korea Auto Finance Market report are Mitsubishi HC Capital Inc., Hyundai Capital Services, Inc., IBK (Industrial Bank of Korea), Renault Finance, RCI Financial Services, Shinhan Financial Group, Bank of America Corporation, BMW Group Financial Services Korea, and Toyota Financial Services and Truist.

Access AVENUE – A Subscription Library (Premium On-Demand, Subscription Pricing Model)@ https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market reporting database, provides comprehensive reports regarding the world’s largest emerging markets. It further offers electronic access to all available industry reports at a glance. By offering basic business information on various industries, economies, and end users worldwide, Avenue ensures that registered members get a simple, one-stop gateway to their all-inclusive needs.

Avenue Library Subscription | Request a 14-day free trial before purchasing @ https://www.alliedmarketresearch.com/avenue/trial/starter

About Us:

Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan Kumar, CEO of Allied Market Research, leads the organization in delivering high quality data and insights. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

        
]]>
					
		
		
			
		
		Adtran, Inc. will present at the 50th Annual Technology, Media and Telecommunications Conference in Cowen on June 1, 2022
		https://artwiredmedia.com/adtran-inc-will-present-at-the-50th-annual-technology-media-and-telecommunications-conference-in-cowen-on-june-1-2022/
		
		
		Mon, 16 May 2022 19:00:00 +0000
				
		https://artwiredmedia.com/adtran-inc-will-present-at-the-50th-annual-technology-media-and-telecommunications-conference-in-cowen-on-june-1-2022/

					
										

HUNTSVILLE, Alabama, May 16, 2022–(BUSINESS WIRE)–ADTRAN®Inc.., (NASDAQ: ADTN), a leading provider of next-generation networking solutions, today announced that Adtran representatives will be presenting at the 50th Annual Technology, Media & Telecommunications Conference. of Cowen on June 1, 2022.

Adtran representatives will discuss company performance and current industry trends that may affect the market and Adtran’s business.

Adtran will webcast the presentation. To listen to the live webcast, follow the link https://wsw.com/webcast/cowen117/adtn/2003859

What: Cowen 50th Annual Technology, Media & Telecommunications Conference
When: June 1, 2022
Weather: 4:30 p.m. ET
Or: Lotte New York Palace, New York, NY

Matters discussed at this conference may include certain forward-looking statements that represent the Company’s expectations or beliefs and reflect management’s best judgment based on currently known factors. By their nature, these statements involve substantial risks and uncertainties, which may be beyond the control of the Company. Actual results could differ materially from those projected in the forward-looking statements. Additional information regarding factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in the sections entitled “Risk Factors”, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and elsewhere in the filings with the Securities and Exchange Commission.

At Adtran, Inc., we believe amazing things happen when people go online. From the cloud edge to the subscriber edge, we help communications service providers around the world manage and scale the services that connect people, places and things to advance human progress. Whether rural or urban, national or international, telecom or cable, enterprise or residential, Adtran solutions optimize existing technology infrastructures and create new multi-gigabit platforms that take advantage of the cloud economy, Analytics, Machine Learning, and Open Ecosystems: The Future of Global Networks. Learn more about ADTRAN, LinkedIn and Twitter.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220516005068/en/

contacts

Adtran, Inc.
Rhonda Lambert 256-963-7450
Investor Relations

]]>
Fewer Americans want government to regulate Big Tech, Pew study finds https://artwiredmedia.com/fewer-americans-want-government-to-regulate-big-tech-pew-study-finds/ Sat, 14 May 2022 00:58:32 +0000 https://artwiredmedia.com/fewer-americans-want-government-to-regulate-big-tech-pew-study-finds/

Americans are mixed about whether the government should be doing more to hold tech companies accountable, and fewer are in favor of more regulation than they were last year, according to released today from a Pew poll. Last year, more than half (56%) of Americans wanted more regulation of Big Tech. Today, only 44% of Americans want the government to enforce more tech companies. And the number of respondents who want less government regulation of the tech industry has doubled this year, from 9% to 20%.

But these results shouldn’t suggest that the public has a more positive view of Big Tech or believes tech companies are doing it right. The majority of respondents still feel — as they did in — that platforms like Facebook, Twitter, Instagram and others censor political points that companies find objectionable. More than three-quarters (or 77%) of Americans think social media platforms behave this way in 2022, which is only a slight increase from recent years.

As we’ve seen in the past, more Republicans than Democrats believe certain political views are targeted on social media — 92% of Republicans say censorship is likely, compared to 66% of Democrats. And in recent years, the belief that social platforms own and act on bias against conservatives has become such a frequent talking point among right-wing lawmakers that the Senate has held hearings on this same subject during the Trump presidency. According to a politician analysis however, posts from conservative media and right-wing media influences are more likely to go viral. Similarly, a New York University study found that social media platform algorithms are more likely to amplify preservatives than non-partisan or liberal figures. But even among left-leaning respondents, belief in political censorship among platforms has steadily increased over the past two years, according to the Pew poll. Although not as drastic as their Republican counterparts, a plurality of Democrats (66%) maintain the belief that platforms censor based on political beliefs, compared to 62% in 2018and only 59% in 2020.

]]>
Grupo Clarín announces its results for the first quarter of 2022 https://artwiredmedia.com/grupo-clarin-announces-its-results-for-the-first-quarter-of-2022/ Thu, 12 May 2022 01:57:13 +0000 https://artwiredmedia.com/grupo-clarin-announces-its-results-for-the-first-quarter-of-2022/

BUENOS AIRES, ARGENTINA / ACCESSWIRE / May 11, 2022 / Grupo Clarín SA (“Grupo Clarín” or the “Company” – (LSE:GCLA); (BCBA:GCLA), the largest media company in Argentina, today announced its first quarter 2022 results. this report has been prepared in accordance with International Financial Reporting Standards

(“IFRS”) as of March 31, 2022 and are expressed in Argentine pesos (“Ps”), unless otherwise indicated.

  • The Management of the Company has applied IAS 29 in the preparation of these financial statements (adjustment for inflation) because Resolution 777/18, issued by the Comisión Nacional de Valores (“CNV”), establishes that the restatement will be applied to the financial statements .

  • Highlights (1Q22 vs 1Q21): Total revenues reached Ps. 10,524.5 million, a decrease of 1.5% in real terms compared to 1Q21, mainly due to higher advertising revenues in the Broadcasting and Programming segment (partially offset by lower programming revenue) and lower circulation and print revenue from the Digital and Print Publications segment. Adjusted EBITDA

  • (1)reached Ps. 1,428.6 million, a decrease of 29.4% compared to 2,022.5 in 1Q21, mainly due to higher advertising revenues in broadcast and programming and cost reductions in real terms outweighed the decline in revenues in the digital and print publications segment. Grupo Clarín Adjusted EBITDA margin

  • (2)

was 13.6% in 1Q22, compared to 18.9% in 1Q21.

Profit for the period was Ps. 56.3 million, down 94.6% from a profit of Ps. 1,038.6 million reported in 1Q21. Net profit for the period attributable to shareholders was Ps. 53.9 million in 1Q22 following a loss of Ps. 1,056.1 million in 1Q21, a decrease of 94.9%.

FINANCIAL HIGHLIGHTS

(In millions of Ps.)

1Q22

1Q21

% Ch.

4Q21

QoQ

Total revenue

10,524.5

10,680.5

(1.5

%)

12,730.2

(17.3 %)

Adjusted EBITDA

(1)

1,428.6

2,022.5

(29.4

%)

1,280.2

11.6 %

Adjusted EBITDA margin

(2)

13.6

%

18.9

%

(28.3

%)

10.1

%

35.0

%

Profit/(Loss) for the period

56.3

1,038.6

(94.6

%)

(485.6

)

(111.6

%)

Attributable to:

Shareholders

53.9

1,056.1

(94.9

%)

(480.7

)

(111.2

%)

Non-majority interests

2.4

(17.6

)

(113.9

%)

(4.8

)

(150.3

(1) We define Adjusted EBITDA as total revenue less cost of sales (excluding depreciation) and selling and administrative expenses (excluding depreciation). We believe that Adjusted EBITDA is a meaningful measure of our performance. It is commonly used to analyze and compare media companies based on their operational performance, leverage and liquidity. Nevertheless, Adjusted EBITDA is not a measure of net profit or cash flow from operations and should not be considered an alternative to net profit, an indication of our financial performance, an alternative to cash flow from operating activities or a measure of liquidity. Other companies may calculate Adjusted EBITDA differently; therefore, Adjusted EBITDA as reported by other companies may not be comparable to Adjusted EBITDA as reported by us.The story continues

(2) We define Adjusted EBITDA margin as Adjusted EBITDA over total revenue

.

CONFERENCE CALL AND WEBCAST INFORMATION

GROUP CLARIN SA

(BCBA: GCLA; LSE: GCLA)

cordially invites you to participate in its Webcast presentation

to discuss its first quarter 2022 results

When: Monday, May 16, 2022

Time: 12:00 p.m. Buenos Aires time/4:00 p.m. London time/11:00 a.m. New York time

To access the live stream and slide presentation, visit: https://services.choruscall.com/links/gcla220516XYXa4JbB.html

The webcast presentation will also be available on
https://ir.grupoclarin.com

ABOUT THE COMPANY
Grupo Clarín is the largest media company in Argentina and a leading company in the digital and print publications and broadcast and programming markets. Its flagship newspaper -Diario Clarín- is one of the most widely circulated newspapers in Latin America. Grupo Clarín is the largest producer of media content in Argentina, including news, sports and entertainment and reaches virtually every segment of the Argentine population in terms of wealth, geography and age.

Warning
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Grupo Clarín. You can identify forward-looking statements by words such as “expect”, “believe”, “anticipate”, “estimate”, “intend”, “will”, “could”, “might” or “could” the negative of such terms or other similar expressions. These statements are only predictions and actual events, or actual results may differ materially. Grupo Clarín does not intend or undertake to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unforeseen events. Many factors could cause actual results to differ materially from those contained in Grupo Clarín’s projections or forward-looking statements, including, but not limited to, general economic conditions, Grupo Clarín’s competitive environment, risks associated with operating in Argentina, rapid technological and market changes, and other factors specifically related to Grupo Clarín and its operations.
Investor Relations Contacts:
In Buenos Aires:
Grupo Clarin SA
Samantha Olivieri

Tel: +54 11 4309 7104
Email: investors@grupoclarin.com
In London:
Jasford IR
money

Tel: +44 20 3289 5300
Email: alex@jasford.com
At New York:
Fig Corporate Communications
Camilla Ferreira/Marcella Ewerton Tel: +1 917 691 4047

E-mail: fig@fig.ooo

THE SOURCE:
Grupo Clarin SA

View source version at accesswire.com: https://www.accesswire.com/701075/Grupo-Clarn-Announces-First-Quarter-2022-Results

]]>
UPDATE 1-Philippines election victory brings Marcos back to power and polarization https://artwiredmedia.com/update-1-philippines-election-victory-brings-marcos-back-to-power-and-polarization/ Tue, 10 May 2022 03:30:37 +0000 https://artwiredmedia.com/update-1-philippines-election-victory-brings-marcos-back-to-power-and-polarization/

* Marcos leads the unofficial tally by a wide margin over his rivals

* Philippine stocks fall, but peso rises after election

* About 400 anti-Marcos protesters gather outside the polling committee (updates with student protest, market reaction, analyst comments and expected decision on petition to ban Marcos)

By Karen Lema and Enrico Dela Cruz

MANILA, May 10 (Reuters) – The Philippines woke to a new but familiar political dawn on Tuesday, after an electoral triumph for Ferdinand Marcos Jr paved the way for a once unimaginable return to the country’s highest office for his most notorious political dynasty.

Marcos, better known as ‘Bongbong’, beat bitter rival Leni Robredo to become the first candidate in recent history to win a majority in the Philippines presidential election, marking a stunning comeback for the son and namesake of an ousted dictator who took decades to make.

Marcos fled to exile in Hawaii with his family during a 1986 ‘people power’ uprising that ended his father’s 20-year autocratic rule, and has served in Congress and the Senate since his return in the Philippines in 1991.

Marcos’ runaway victory in Monday’s election now looks certain with 96% of eligible ballots counted in an unofficial tally showing he has more than 30 million votes, double Robredo’s.

An official result is expected towards the end of the month.

“There are thousands of you, volunteers, parallel groups, political leaders who have set their sights on us because of our belief in our message of unity,” Marcos said in a statement posted on Facebook. , standing next to a national flag.

Although Marcos, 64, campaigned on a platform of unity, political analysts say his presidency is unlikely to foster that, despite the margin of victory.

Philippine shares fell around 3% on Tuesday, trailing weaker global stocks, but analysts also citing concerns over a Marcos win, particularly its tax implications if he sticks to his promises to subsidize food and fuel .

The peso currency, meanwhile, appreciated by 0.3% against the dollar.

Many among Robredo’s millions of voters are angered by what they see as a brazen attempt by the disgraced former first family to use their social media savvy to reinvent historical narratives of their time in power.

Thousands of opponents of Marcos Sr. were persecuted during a brutal era of martial law from 1972 to 1981, and the family name became synonymous with plunder, cronyism and lavish living, with billions of dollars in wealth vanished. of State.

The Marcos family have denied any wrongdoing and many of their supporters, bloggers and social media influencers say historical accounts are distorted.

STUDENT PROTEST

About 400 people, mostly students, staged a protest outside the electoral commission on Tuesday against Marcos, citing election irregularities.

The electoral commission, which said the poll was relatively peaceful, is due to vote on petitions Tuesday to overturn its rejection of complaints to exclude Marcos from the presidential race.

Human rights group Karapatan called on Filipinos to reject Marcos’ new presidency, which it said was based on lies and misinformation “to deodorize the Marcos’ hateful image”.

Marcos, who has avoided debates and interviews during the campaign, recently hailed his father as a genius and a statesman but has also been angered by questions about the martial law era.

As the vote tally showed the extent of Marcos’ victory, Robredo told his supporters to continue their fight for the truth until the next election.

“It took time to build the structures of lies. We have the time and the opportunity to fight them and dismantle them,” she said.

Marcos gave few clues on the campaign trail as to what his political platform would look like, but he is expected to closely follow incumbent President Rodrigo Duterte, who has targeted major infrastructure works, strong ties with China and strong growth. Duterte’s tough leadership style won him great support.

Washington needed to engage with Manila rather than criticize “the democratic headwinds rocking the Philippines,” said Greg Poling, a Southeast Asia analyst with the Washington DC-based Center for Strategic and International Studies.

“It’s not the end of Philippine democracy, although it may hasten its decline,” Poling said.

(Additional reporting by Neil Jerome Morales; Writing by Martin Petty; Editing by Ed Davies)

]]>
Fairfield’s new finance council to respond to members’ controversial remarks on special education https://artwiredmedia.com/fairfields-new-finance-council-to-respond-to-members-controversial-remarks-on-special-education/ Sun, 08 May 2022 10:06:19 +0000 https://artwiredmedia.com/fairfields-new-finance-council-to-respond-to-members-controversial-remarks-on-special-education/ NEW FAIRFIELD — The finance council has scheduled a special meeting for Monday to discuss remarks made by David Coleman that residents found insensitive and demeaning.

Residents are demanding that the Republican finance council alternate not only publicly apologize for comments he made about the special needs community during the April 20 finance council meeting, but that he either censured or resigned.

Coleman – who was elected to the Finance Council as an alternate in November – could not be reached for comment.

While speaking about the rising costs of special education, Coleman said he felt sorry for “any family that finds themselves in a situation with a child like this” – referring to families of education students special who go to residential facilities. He also made a remark that seemed to imply that special education students were unlikely to graduate.

Several residents spoke out against Coleman’s comments during and after the April 20 meeting – including parent and school board president Dominic Cipollone, who called the remarks “odious” and “disturbing.”

Since the April 20 meeting, finance council chairman Wes Marsh told Hearst Connecticut Media that the council has received “at least one or two” requests from residents asking Coleman to issue a public apology, and that he either censures or resigns.


Although Marsh said the finance council will discuss the remarks at the next regular council meeting later this month, a special May 9 meeting has been scheduled to discuss Coleman’s comments, as well as “action to be taken.” to take”. according to the agenda.

]]>
Anwen Griffiths and Dr Romana Ramzan have been appointed to the board of the British Film Institute. Robin Saunders, Andrew Smith and Phil Stokes were also reappointed to the board. https://artwiredmedia.com/anwen-griffiths-and-dr-romana-ramzan-have-been-appointed-to-the-board-of-the-british-film-institute-robin-saunders-andrew-smith-and-phil-stokes-were-also-reappointed-to-the-board/ Fri, 06 May 2022 11:05:38 +0000 https://artwiredmedia.com/anwen-griffiths-and-dr-romana-ramzan-have-been-appointed-to-the-board-of-the-british-film-institute-robin-saunders-andrew-smith-and-phil-stokes-were-also-reappointed-to-the-board/

Anwen Griffiths

Anwen Griffiths is a partner at Lee & Thompson LLP, a leading media, technology and creative law firm. With a background in film production, Anwen has over 25 years of experience and specializes in advising on all legal and commercial aspects of production and finance in the screen industries – film, TV and games. It represents many of the industry’s leading financiers and producers.

Anwen has also been heavily involved in supporting public funders in the growth of Indigenous talent, having previously worked at the BFI and spending six years as a member (then vice-chairman) of Ffilm Cymru Wales, responsible for funding the national lottery in Wales. , with a particular focus on promoting a sustainable industry and culture.

Dr. Romana Ramzan

Dr Romana Ramzan is a producer at BAFTA award-winning studio No Code in Glasgow, Scotland. Over the past decade, Romana has demonstrated a commitment and desire to advance changes in the industry to make it a safer and more welcoming space for people from underrepresented groups through her advocacy work. She has been at the forefront of driving innovative initiatives, within industry and academia, that have proven successful nationally and internationally.

Romana was one of the main founders and organizers of the Scottish Game Jam. She was previously director of the Global Game Jam and also served on the BAFTA Scotland Committee for Games. She was one of Develop Magazine’s ’30 Under 30′ and in March 2014 Romana received the Asian Woman of the Future award at the Scottish Asian Women’s Awards. More recently, Romana was named one of the top 100 women in games in the UK by MCV.

Robin Saunders

Robin Saunders is Managing Partner of Clearbrook Capital Partners, a private investment and advisory group working with growing businesses in a variety of industries including entertainment, business services, real estate, utilities and asset management. assets.

Prior to founding Clearbrook, Robin was a corporate banker leading global securitization and principal funding teams at banks including Citigroup, Deutsche Bank and WestLB. She has served on numerous boards in the retail, entertainment, financial services, healthcare, consumer products and utilities industries. She has also served on the board of the Office of Rail and Road, the UK government’s industry regulator.

Robin is a Visiting Scholar at the University of Oxford’s Said Business School, Commissioner of the US and UK Fulbright Commissions, and an enthusiastic supporter of arts and educational organizations.

Andre Smith

Andrew M. Smith OBE DL joined Pinewood Studios Group in June 2008 as General Affairs Manager. Synonymous with world-class UK and international productions, the Pinewood Studios group is home to some of the most successful feature films and TV shows of all time, including James Bond and Star Wars.

Andrew is Chairman of the Buckinghamshire Local Enterprise Partnership; member of BAFTA, British Film Commission Advisory Board, British Screen Forum, Department of International Trade Creative Industries Trade Advisory Group and Governor of the British Film Institute. In June 2021, Andrew was appointed Deputy Lieutenant of Buckinghamshire and in January 2022 he was awarded an OBE in the 2022 Queen’s New Year Honors for his services to “business and the British film industry”.

Phil Stokes

Phil is a partner of PricewaterhouseCoopers. He has extensive experience working with, auditing and advising film and media companies. He led PwC’s Entertainment and Media industry group in the UK for twelve years until 2017 and its EMEA Telecoms, Media and Technology practice from 2011 to 2015.

He founded and led the company’s global digital transformation group, responding to the impact of new technologies and changing consumer behaviors across industries. He advises businesses and charities on financial controls, risk management, corporate governance and financial reporting.

Phil is a partner of The Clive Barker Archive and has co-authored several books with and about author, artist and filmmaker, Clive Barker. He is a Trustee of Groundwork London, School Governor, Commissioner of the Durham Commission and Chairman of the BFI’s Audit, Risk and Governance Committee.

The members of the Board of Directors of the BFI are not remunerated. These appointments were made in accordance with the Cabinet Office Governance Code for Public Appointments. The appointment process is governed by the Public Appointments Commissioner. Under the Code, any significant political activity undertaken by an appointee within the past five years must be disclosed. This is defined to include holding office, speaking in public, making a recordable donation or standing for election.

Andrew Smith said he was the chairman of the Conservative branch of Stoke Poges, but said he stepped down in 2018 after being appointed governor of the BFI.

Anwen Griffiths, Dr Romana Ramzan, Phil Stokes and Robin Saunders declared no political activity.

]]>
FINANCE: The economic impact of rising inflation https://artwiredmedia.com/finance-the-economic-impact-of-rising-inflation/ Tue, 03 May 2022 21:45:03 +0000 https://artwiredmedia.com/finance-the-economic-impact-of-rising-inflation/

By David Guttery, Sponsored Content

We have been suggesting for months that we believe inflation will not be transitory in nature, but rather persistent for the foreseeable future. Given the evolution of the data over the past year, it would appear that our view has been validated. Inflation remains stubbornly high, and finding any hint of a decline in the inflation rate is indeed a tough proposition at the present time.

According to the Bureau of Labor, inflation at the producer level was 11.2% from March of last year to March of this year. It was an absolute record. The cost of producing the goods we consume has increased at the manufacturing level at an unprecedented rate

Over the same period, consumer inflation increased by 8.5%. This is the highest rate of consumer price inflation we have seen since 1981.

At a high level, I suppose it would be nice if average income increased by 10% over the same period, so that net after tax, your ability to consume also increased at the rate it fell. However, according to the Bureau of Labor and statistics, this did not happen.

According to the Bureau, all non-farm payrolls have increased by 5.6% over the past twelve months. Net after tax, let’s say you need to keep 4.7% of that increase. Obviously, just looking at this high-level data, we can observe that our ability to consume is shrinking. This is important because gross domestic product represents 70% of consumption. If our ability to consume declines, that only increases the likelihood of seeing a recession, which is simply two negative quarters of gross domestic product.

Think of your income as a finite capacity to consume over a rolling 12-month period. You only have a little money to spend.

Previously, the money you allocated to economically inelastic things, such as food, fuel, health care, and housing, claimed a much smaller percentage of your finite ability to spend than it does today. The more you have to spend on these things, the less you have to spend elsewhere. Typically, when this happens, consumer confidence drops. As this happens, patterns of consumer behavior change. People are much more focused on buying the next gallon of gas and the next roll of toilet paper, more than the next cup of designer coffee.

Since May of 2020, the national average for a gallon of gasoline has increased by 143% according to the Federal Reserve Bank branch in St. Louis.

In my view, food inflation will also likely be higher during this year. The war in Ukraine has considerably disrupted the supply of natural gas. Natural gas is the most important component in the manufacture of fertilizers. If you haven’t noticed, fertilizer is significantly higher over the past 12 months. This has an impact on grain producers around the world. In the region of Ukraine and Russia currently affected by the war, a significant amount of wheat and cereals in the world is normally produced. I have to ask, to what extent could harvests and yields be lower later this year due to war and exacerbated by soaring farming costs?

It wouldn’t surprise me to see a loaf of bread more than double and cost by the end of the year. The moment you harvest what’s been planted and that product is shipped out to make flour, then shipped out to make bread, before it’s shipped to your favorite store, and the fuel hits it four times from further into the process, we could be looking at significantly higher food costs. Also, think about how grains affect livestock feed, and you can get an idea of ​​how this inflationary force at a critical level could become much more worrisome in the months and quarters to come.

There have been suggestions from the mainstream business media that families have healthy levels of cash savings, but I believe there is a lot more to this story than what you hear in the media. If households are swimming in excess reserves due to COVID-related stimulus spending, then someone explain to me why the average household is also swimming in debt right now.

The chart above is from the Federal Reserve Board on April 7, and it clearly shows that the percentage change in total consumer credit is at a higher rate than we’ve measured since March 2002. If the average household swims in cash, so why does it seem like credit cards are maxed out at their limits? It makes no sense to me. Personally, I believe that any excess cash once enjoyed by the average household has long since been usurped by rising costs of economically inelastic things like food and fuel.

I have often said before that confident people spend money. When income is high, inflation is low, taxes are low, the velocity of money is normally higher, and consumer confidence is also normally higher. During times like these, spending on discretionary items is much higher, and that’s usually the hallmark of an expanding economy.

This chart is from the University of Michigan, reflecting the most recent consumer confidence survey. The most recent reading is the third lowest we’ve seen since the Great Recession – Tell me you see optimism in this current trend.

I believe we can also see this manifest in the most recent retail sales data. Retail sales describe our consumption and activity habits in terms of everyday items.

In 13 of the past 15 months, we have seen a decline in the year-over-year change in retail sales. There’s a theme in the general media suggesting that retail sales are positive year over year, and that’s a valid point. Nonetheless, I find it hard to find any comfort in the negative slope of the line produced by linking the last 15 rolling months of retail sales data. We can also see significant shifts in consumption patterns in both ISM readings, Durable Goods, Industrial Production, New Orders, Factory Orders and Retail Sales. This overlaps perfectly with declining consumer confidence and concerns about inflation, at a time when wages don’t seem to be keeping up with the rising cost of living.

So how can investors navigate this period? We have always suggested that it is best to stick to the plan that governs the execution of investment strategies in adverse circumstances. The strategy itself has not changed, but the exposure to sectors of the economy, and by extension the investments within our portfolios, change often. As the economy fluctuates, there is always appropriate exposure at the moment. Today, at a high level, I encourage people to overweight the stocks of companies that make things you will buy anyway. This would include commodities, utilities, pharmaceuticals, precious and industrial metals, and other things that will likely support a period of economic downturn longer than other areas of economic exposure. Clearly this is too simplistic, and obviously the investment direction is individually tailored. Actionable advice can only be rendered after a thorough planning process. But the answer to the question is not to stop investing in achieving a planned goal, but rather to change the nature of those investments as appropriate and when prompted by economic developments. It’s a marathon not a sprint.

David R. Guttery, RFC, RFS, CAM, has been a financial advisor and has been practicing for 30 years, and is the President of Keystone Financial Group in Trussville. David offers products and services under the following trade names: Keystone Financial Group – insurance and financial services | Ameritas Investment Company, LLC (AIC), Member FINRA/SIPC – Securities and Investments | Ameritas Advisory Services – investment advisory services. AIC and AAS are not affiliated with Keystone Financial Group. The information provided comes from sources believed to be reliable; however, we cannot guarantee their accuracy. This information should not be construed as a recommendation to buy or sell a security. Past performance is not an indicator of future results.

]]>
Business news, strategy, finance and company insights https://artwiredmedia.com/business-news-strategy-finance-and-company-insights/ Mon, 02 May 2022 07:09:52 +0000 https://artwiredmedia.com/business-news-strategy-finance-and-company-insights/

IT major Wipro said on Friday it was “pleased” with the current business momentum as revenue topped the $10 billion mark in fiscal 22. business is an important milestone for us. We are now aiming higher. Revenue growth was the fastest ever in absolute terms. , said at the company’s press conference after the results.

The company’s order intake in terms of annual contract value increased 30% on an annual basis in FY22 and the company says it closed the year with the “highest deal pipeline never recorded”. Wipro continues to see a healthy mix of large and mid-size deals; While the flow of large and transformational deals remains intact, the company is also witnessing a rapid expansion of small and medium-sized deals. “This clearly represents growth in our existing accounts as well as an expansion of our market portfolio,” Delaporte said. “Our cloud ecosystem, from a revenue perspective, grew at an accelerated rate of more than 31% in FY22,” the CEO said.

Wipro’s consolidated net profit recorded a 3.8% year-on-year growth of ₹3,087,000,000 in the January-March quarter, broadly in line with analysts’ estimates. FY22 net profit increased to ₹12,219 crore from ₹10,794.6 crore reported for FY21. The company’s revenue in the fourth quarter of FY22 was ₹20,860 crore, translating to a decent growth of 28% year-on-year. Revenue for the full year grew by 26.9% at constant exchange rate to ₹79,090,000,000.

“The business environment is very good… demand for IT services is strong. … This is reflected in the state of our pipeline, our order intake and our overall growth rate,” says Delaporte. “We have forecast revenue growth of 1% to 3% (for the first quarter of FY23), which will translate to growth of 16% to 18% on an annual basis in constant currency. double-digit growth for FY23 We are very optimistic that this business will continue to strengthen at the start of the new fiscal year,” says Delaporte.

Customer spending continues to be healthy and the company has not seen any significant impact from the unstable macroeconomic environment. “I think customers are still on the trajectory of 2021. I don’t think I’ve seen many customers who suddenly slow down investments or postpone them. In our set of accounts, I don’t have a customer in mind who would tell us that we are no longer investing for the foreseeable future,” says Delaporte.

The company, although continuing to be vigilant and watching the evolution of the market, is rather “positive for 2023”. “We tend to be more on the solutions side for customers. We’re more of an option for them or a way to improve productivity and so we’re not necessarily the first budget to cut,” Delaporte explained.

Wipro said its quarterly annualized attrition rate moderated by about 500 basis points. Chairman and chief human resources officer Saurabh Govil acknowledged the “pressure” on the attrition front continued, but said the company had enough inventory to handle all of its demand needs. The company plans to double its consumption of freshman products in FY23.

To retain employees in a competitive market, the company “has decided to increase the frequency of promotion cycles for 70% of our colleagues in the junior bands to a quarterly frequency”, specifies Delaporte.

Shares of Wipro ended at ₹509 each on BSE on Friday, down 2.59%.

]]>
Tonya Hofmann, CEO of BeeKonnected, discusses the new social media platform BeeKonnected https://artwiredmedia.com/tonya-hofmann-ceo-of-beekonnected-discusses-the-new-social-media-platform-beekonnected/ Sat, 30 Apr 2022 05:56:22 +0000 https://artwiredmedia.com/tonya-hofmann-ceo-of-beekonnected-discusses-the-new-social-media-platform-beekonnected/

The BeeKonnected Connection Builder helps brands build quality connections. Listen to the podcast hosted by Qamar Zaman on subject matter experts.

Las Vegas, Nevada, April 30, 2022 (GLOBE NEWSWIRE) — Tonya Hofmann, serial entrepreneur and CEO of BeeKonnected, explained the need for the social media platform and what makes this app a go-to for personal brands.

Podcast host Qamar Zaman interviewed Tonya Hofmann, social speaker and serial entrepreneur, founder of numerous organizations and associations, author of 8 books, and many more. The podcast discusses how his experience helped create a platform for business owners designed for business people. They also discussed how it takes the best things from other social media into BeeKonected.

BeeKonnected will be the first platform for like-minded businesses to connect through their latest platform feature, the “Connection generator”. Companies can connect with other companies, suppliers and customers to further improve their business.

With so much noise in the content space, our life has been hijacked. You can’t just join a social media platform for business and have to put up with all the noise that comes with those platforms. Moreover, social media brings in lots of spammers who ruin the atmosphere of groups that create new upcoming businesses and suffocate them. BeeKonnected will provide the best of these media platforms and none of the hassle or spammers. This initiative will also prevent trolls and fake profiles, allowing old and new business owners to be heard and discovered in the new era of digital places of business. Listen to the podcast on your favorite platform.

Apple iTunes, Amazon Music, Google podcast & Spotify

About BeeKonnected

BeeKonnected is a platform for like-minded entrepreneurs and business owners to connect to further improve their businesses.

Founder and CEO of this startup, Ms. Tonya Hofmann works hard with her team to design the AI ​​and algorithms to connect like-minded and similar businesses on BeeKonnected while allowing streams to be about their preferred business and suppliers without going through multiple platforms to get heard.

Key highlights from the interview include:

● What is BeeKonnected?

● Who is BeeKonnected’s target audience?

● Why another tool for social networks?

● What makes BeeKonnected unique?

For more information, Listen now:

About Tonya Hofmann

Tonya is a serial entrepreneur who is CEO and co-founder of BeeKonnected. She is a sought-after speaker and mentor worldwide to inspire future business owners and entrepreneurs and has been featured on the cover of numerous magazines and winner of the EBC Global Mentoring Award and winner of the International eWomenNetwork Business Matchmaker Award of the Year. She is also the author of 8 bestselling books.

Website: https://beekconnected.com/

LinkedIn: Tonya Hofman

About Qamar Zaman – Subject Matter Expert Podcast Host

Qamar Zaman is a subject matter expert podcast host who interviews other experts from around the world on his show.

Listen to Qamar Zaman Amazon Music | Google podcast iTunes | Spotify | buzzsprout

Media Contact

Ana Khan – Subject Matter Expertspodcast@gmail.com

]]>