October 30, 2020 Express Catering Limited (ECL) for the year ended May 31, 2020 reported a 19% decrease in revenue to US$14 million (2019: US$17.32 million). Revenue for the quarter declined 79% to close at US$1.09 million relative to US$5.21 million reported the previous year. Cost of sales (COS) decreased by 15% for the period
October 30, 2020 Margaritaville (Turks) Limited For the Year Ended May 31, 2020: In United States dollars (except where it is indicated otherwise): Margaritaville Turks Limited (MTL), for the twelve months ended May 31, 2020, reported revenues of $5.94 million versus $7.59 million in the prior corresponding period. For the quarter, revenues amounted to $124,230
United States U.S. Personal Income, Spending Increase by More Than Forecast “Americans’ incomes increased in September by more than expected, boosted by employment gains and helping to propel consumer spending at the end of the third quarter. Personal incomes rose 0.9% from the prior month following a 2.5% decline in August, a Commerce Department report
October 29, 2020 According to the advance estimate released by the Bureau of Economic Analysis, the U.S Real gross domestic product (GDP) increased at an annual rate of 33.1% (7.4% at a quarterly rate) in the third quarter of 2020. This follows a decrease of 31.4% in the second quarter. Real GDP for the third
October 29, 2020 According to the latest report provided by the Eurostat, in the second quarter of 2020, household real consumption per capita fell by 10.7% in the euro area, while the previous quarter decreased by 3.3%. Additionally, Eurostat noted that, “This decline is the highest since the beginning of the time series in 1999.
October 29, 2020 The seasonally adjusted initial claims, advance estimate, decreased by 40,000 to 751,000 for the week ending October 24 from the prior week's revised level, according to the U.S. Department of Labour (DOL). The prior week's level was revised from 787,000 to 791,000 up by 4,000. In comparison to the previous week’s average, the 4-week moving average was 787,750,
Brent Oil Brent oil prices decreased by 11.21% or US$4.76, as prices decrease this week relative to the prior week. Oil traded on October 29, 2020 at a price of US$37.70 per barrel relative to US$42.46 on October 22, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87 Octane prices decreased
United States: U.S. Economy Expands at Record 33.1% Pace After Covid Plunge “The U.S. economy bounced back with a record yet temporary surge of growth in the third quarter as businesses reopened and stimulus cash powered consumer spending, reversing much of the collapse stemming from coronavirus-enforced lockdowns. Just as the second-quarter plunge in output was
October 28, 2020 Chairman, Mr. Joseph Matalon, stated that, “the Company experienced a large volume of advertisement cancellation, as a result of the ongoing pandemic, which greatly impacted the Company’s revenue.” Notwithstanding, RJR is working vigorously to recuperate from this impact; as such, the Company is strongly monitoring its’ strategic projects which has been beneficial
October 28, 2020 Unemployment rates trended upward for the month of September in 388 of the 389 metropolitan areas and lower in 1 area compared to twelve months earlier. According to Bureau Labor Statistics (BLS), “a total of 73 areas had jobless rates of less than 5.0% and 31 areas had rates of at least
