January 17, 2024 Proven Group Limited (PROVEN) has advised that at a Board of Directors’ meeting to be held on February 7, 2024, a dividend payment to ordinary shareholders of the Company will be considered. Disclaimer: Analyst Certification - The views expressed in this research report accurately reflect the personal views of Mayberry
January 17, 2024 United States: US Retail Sales Rise By Most in Three Months to Cap Holidays US retail sales rose at the strongest pace in three months in December, capping a solid holiday season that suggests consumer resilience heading into the new year. The value of retail purchases, unadjusted for inflation, increased 0.6%
January 16, 2024 Paramount Trading (Jamaica) Limited (PTL) for the six months ended November 30, 2023, reported a 28% decrease in revenue totalling $865.49 million compared to $1.20 billion in the corresponding period last year. Revenue for the second quarter had a 27% decrease to close at $439.44 million compared to $600.99 million for
January 16, 2024 AMG Packaging & Paper Company Limited (AMG) for the first quarter ended November 30, 2023, reported a 7% increase in revenue totalling $272.49 million compared to $254.27 million in the corresponding three months last year. Total manufacturing costs amounted to $170.87 million (2022: $180.86 million), this represents a decrease of 6%
January 16, 2024 United States: New York Factory Index Slumps to Lowest Level Since May 2020 New York state factory activity deteriorated sharply at the start of 2024 on declining orders and shipments, consistent with persistent struggles for manufacturers across the US. The Federal Reserve Bank of New York’s general business conditions index decreased
January 15, 2024 Sygnus Real Estate Finance Limited (SRFJMD) for the first quarter ended November 30, 2023, reported a 42% decrease in interest income totalling $43.83 million compared to $74.93 million in the corresponding three months last year. Interest expense amounted to $85.01 million (2022: $62.00 million), this represents an increase of 37% year
January 15, 2024 United States: US Economy Set for Another Cash Boost If Congress Backs Tax Deal The US economy is set for an unexpected fiscal boost if lawmakers back a potential deal for $70 billion worth of tax breaks for businesses and families. Congressional negotiators are locked in talks over renewing expired business
January 12, 2024 United States: BofA’s Bond Traders Post a Surprise Drop as Profit Slumps Bank of America Corp.’s earnings fell short of expectations as the bank’s numerous charges in the fourth quarter cut into profit and the firm’s fixed-income traders posted a surprise drop in revenue. Net income fell 56% to $3.14 billion,
January 9, 2024 United States: US Consumer Inflation Expectations Fall to Lowest Since January 2021 US consumers’ near-term inflation expectations declined in December to the lowest level since January 2021, according to a Federal Reserve Bank of New York survey released Monday. Median year-ahead inflation expectations fell for a third month to 3.0%, down
January 8, 2024 United States: Fed Pivot Will Dominate Year of Rate Cuts The coming 12 months are shaping up as the year of the interest-rate cut. After racing ahead with the most aggressive tightening campaign in decades during 2022 and 2023, central banks around the world are poised to begin easing monetary policy
