News 

Vodafone rallies after upgrading guidance to lead FTSE 100 higher

“Mobile phone operator Vodafone Group rose as much as 5% as the company lifted its guidance for the year” writes European Markets Editor for marketwatch.com. Vodafone Group VOD, +3.94%   shares rose as the U.K.-based mobile-phone operator lifted its guidance for fiscal 2020 adjusted earnings to imply 2% to 3% organic growth.Its first-half organic adjusted Ebitda rose 1.4% on 0.3% growth in service revenue, helped by gains in South Africa, Spain and Italy. Source: marketwatch.com

Read More
News 

Vodafone ups earnings guidance after it returns to growth in second quarter

“This is reflected in our return to top-line growth in the second quarter, which we expect to build upon in the second half of the year in both Europe and Africa,” he said on Tuesday” writes Midwest Communications Inc for 95kqds.com. The company reported organic service revenue growth of 0.3% in the first half, as it returned to growth in the second quarter thanks to improvements in South Africa, Spain and Italy and a solid retail performance in Germany.Organic core earnings rose 1.4% in the half, and it said its…

Read More
News 

Vodafone lifts 2020 earnings guidance on Liberty Global gains

“Vodafone Group PLC on Tuesday raised its adjusted earnings guidance for fiscal 2020, benefiting from its acquisition of certain Liberty Global PLC assets in Europe and the sale of its New Zealand operations” writes Adria Calatayud for marketwatch.com. Vodafone said adjusted Ebitda was EUR7.11 billion in the first half of fiscal 2020, up 1.4% on an organic basis benefiting from cost savings.The company had previously guided for adjusted Ebitda of between EUR13.8 billion and EUR14.2 billion. Source: marketwatch.com

Read More
News 

Baramoda: startup recycles agricultural waste to produce fertilizers

“Baramoda uses advanced biotechnology to produce high-quality organic fertilizers tailored for different lands and crops at competitive prices” writes Shaimaa Al-aees for dailynewssegypt.com. Baramoda, the first agri-tech startup in the Middle East and Africa, announced it has recycled 9,188 tonnes of agricultural waste to produce 5,500 tonnes of organic fertilizers, the company’s CEO Mostafa Elnaby announced.Last year, we have recycled 9,188 tonnes of agricultural waste and produced 5,500 tonnes of organic fertilizers.Baramoda is specialised in sustainable agricultural innovations, and produces organic fertilizers for different soil types and crops.Our company operates…

Read More
News 

A VC best known for organic-food investments just made its first foray into CBD. A top partner at BIGR Ventures told us why.

“A VC best known for placing bets on organic-food companies is making its first foray into the CBD space” writes Jeremy Berke for businessinsider.com. BIGR Ventures, a Boulder, Colorado-based fund, led a $3 million Series A round in RE Botanicals, an organic hemp-derived CBD company.The Colorado CBD company merged with South Carolina-based Palmetto Harmony in August. BIGR Ventures isn’t the first mainstream fund to invest in CBD. In February, Greycroft led a $3.3 million seed round into Prima, a CBD company founded by The Honest Company CEO Christopher Gavigan. Source: businessinsider.com

Read More
News 

UK Financial Services Compensation Scheme accepts claims against Organic Investment Management

“The UK Financial Services Compensation Scheme (FSCS) is accepting claims against Organic Investment Management Ltd, which was an investment management firm that offered discretionary fund management services” reports financefeeds.com. The Scheme says it understands that customers have alleged the firm’s administration of its discretionary fund management services risked causing customer harm due to its portfolios’ exposure to illiquid and high-risk assets. Let’s recall that, according to FSCS’s 2018/19 Annual Report, the Scheme paid a total of £473 million in compensation to 425,760 customers of failed firms during 2018/19.For this to…

Read More
News 

Why industry is going green on the quiet

“This is not the case for two Portuguese wineries that have quietly switched from conventional to organic practices” writes Cassandra Coburn for theguardian.com. Evans claims that, in business-to-business transactions, there may be even less incentive to advertise sustainable practices.Libby Peake, senior policy adviser at Green Alliance, an independent thinktank and charity that focuses on environmental leadership in industry and government, agrees.This is despite an increase in evidence that actively investing in sustainable practices helps business thrive. Source: theguardian.com

Read More
News Stocks 

Cannabis stocks mostly lower as Aurora sells Green Organic Dutchman stake

“Cannabis stocks were mostly lower Wednesday with Green Organic Dutchman sliding 15% after Aurora Cannabis sold its remaining roughly 10% stake in the company at a discount” writes Ciara Linnane for marketwatch.com. Aurora first invested in the company TGODF, -15.40% TGOD, -15.95%  in January of 2018, when it bought 33.3 million shares at $1.65.Bottomley welcomed its geographic exposure and operating assets, which he said make it the biggest vertically integrated cannabis company in the country, meaning a premium is justified.See: Cannabis company Tilray’s international business will soon be a key…

Read More
News 

The maker of Malibu rum and Absolut vodka has warned of a ‘particularly uncertain’ outlook due to the trade war and Brexit

“Pernod Ricard has signaled its rising concerns about global trade and Brexit with a single word: “Particularly.”” writes Finanzen Net Gmbh for businessinsider.com. The maker of Malibu rum, Absolut vodka, and Beefeater gin warned of a “particularly uncertain” backdrop in its full-year earnings report, after highlighting a merely “uncertain” business environment in its third-quarter results.The upshot was a 9% rise in organic profit from recurring operations to 2.6 billion euros ($2.8 billion). Source: businessinsider.com

Read More