• Business activity resilient, driven by Targetspot and Europe
  • Operating profitability improves
  • Group growth prospects reasserted

Regulatory News:

AudioValley (Paris:ALAVY) (Brussels:ALAVY)(ISIN Code: BE0974334667/Ticker: ALAVY), an international specialist in digital audio solutions,has presented its results for the first half of 2020. The financial statements, closed on 30 June 2020, were approved by the Board of Directors on 9 October 2020. For the sake of clarity, the data presented below is provided on a comparable consolidation scope basis. In application of IFRS accounting standards, the 2019 interim accounts have been restated for the disposal of the Storever business, completed on 5 December 2019.

Solid resilience despite public health context

Revenue declined by a limited amount during the period, slipping 11% to €8.7m (-12% on a constant currency basis). Although the COVID-19 outbreak took a heavy toll on revenue in the second quarter (down 22% on Q2 2019), the Group’s performance rallied

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We feel now is a pretty good time to analyse OPKO Health, Inc.’s (NASDAQ:OPK) business as it appears the company may be on the cusp of a considerable accomplishment. OPKO Health, Inc., a healthcare company, engages in the diagnostics and pharmaceuticals businesses in the United States, Ireland, Chile, Spain, Israel, Mexico, and internationally. The US$2.8b market-cap company posted a loss in its most recent financial year of US$315m and a latest trailing-twelve-month loss of US$200m shrinking the gap between loss and breakeven. As path to profitability is the topic on OPKO Health’s investors mind, we’ve decided to gauge market sentiment. In this article, we will touch on the expectations for the company’s growth and when analysts expect it to become profitable.

View our latest analysis for OPKO Health

Consensus from 5 of the American Biotechs analysts is that OPKO Health is on the verge of breakeven. They expect the company

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COLUMBUS, Ohio, Oct. 14, 2020 /PRNewswire/ — As the COVID-19 pandemic puts immense pressure on American business, driving record levels of unemployment and an increasing number of closures, advisors and financial professionals say their practices are not immune to the impact. Nationwide’s sixth annual Advisor Authority Study, powered by the Nationwide Retirement Institute, surveyed more than 1,800 advisors, financial professionals and individual investors to examine these pressures and reveal how advisors and financial professionals are using technology to adapt their firms and preserve profitability.

“When advisors and financial professionals think about the success of their practice over the next 12 months, they think about the impact of COVID-19—and we understand their concerns,” said Craig Hawley, Head of Nationwide’s Annuity Distribution. “However, by re-tooling with the right technology, advisors and financial professionals can continue delivering an exceptional client experience, retain current clients and attract new ones, ensuring their practice

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COLUMBUS, Ohio, Oct. 14, 2020 /PRNewswire/ — As the COVID-19 pandemic puts immense pressure on American business, driving record levels of unemployment and an increasing number of closures, advisors and financial professionals say their practices are not immune to the impact. Nationwide’s sixth annual Advisor Authority Study, powered by the Nationwide Retirement Institute, surveyed more than 1,800 advisors, financial professionals and individual investors to examine these pressures and reveal how advisors and financial professionals are using technology to adapt their firms and preserve profitability.

(PRNewsfoto/Nationwide)

“When advisors and financial professionals think about the success of their practice over the next 12 months, they think about the impact of COVID-19—and we understand their concerns,” said Craig Hawley, Head of Nationwide’s Annuity Distribution. “However, by re-tooling with the right technology, advisors and financial professionals can continue delivering an exceptional client experience, retain current clients and attract new ones, ensuring their practice

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Wells Fargo reported results Wednesday that showed progress from the second quarter.



Photo:

Kevin Hagen for The Wall Street Journal

Wells Fargo & Co. said Wednesday that its third-quarter profit fell 56%.

The San Francisco-based lender said it made $2.04 billion in the third quarter, down from a profit of $4.61 billion a year earlier. Per-share earnings were 42 cents. Analysts polled by FactSet had expected 44 cents.

Still, the results were an improvement from the second quarter, when the bank lost $2.38 billion as it set aside money for potential bad loans.

The pandemic has curtailed earnings across the banking sector this year by forcing lenders to set aside tens of billions of dollars to prepare for loan defaults. Now, with massive stockpiles in place, banks believe they have enough stashed away to let them press pause. Profit rose at

JPMorgan Chase

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Home credit lender International Personal Finance (IPF) said it returned to profitability in its third quarter as a result of continued positive momentum in operational performance.

Wednesday, 14th October 2020, 7:53 am

Updated Wednesday, 14th October 2020, 7:54 am
Gerard Ryan, CEO of IPF, said: "I'm very pleased to report that the business returned to profitability in the third quarter."
Gerard Ryan, CEO of IPF, said: “I’m very pleased to report that the business returned to profitability in the third quarter.”

The Leeds-based firm said strong collections effectiveness improved to 95 per cent of pre-Covid expectations in the third quarter.

Gerard Ryan, CEO of IPF, said: “I’m very pleased to report that the business returned to profitability in the third quarter.

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“All our key performance metrics continue to improve, with collections effectiveness now at 95 per cent of pre-Covid expectations, higher credit issued, improved underlying impairment and a strengthened equity to receivables ratio.

“We have also made

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My belief in sustainability is rooted in my childhood in Morocco when we couldn’t afford to waste anything. A few managerial roles and countries later, my commitment is stronger than ever.

Solvay has made the Wall Street Journal’s inaugural list of the 100 Most Sustainably Managed Companies in the World, ranking 52nd among the more than 5,500 publicly-traded businesses surveyed.

Sustainability metrics such as business model and innovation, external social and product issues, employee and workplace issues, and the environment were all considered in the Journal’s calculation and methodology.

This is a great recognition for Solvay. We have been making a lot of sustainable commitments in the way we run our business, and it’s rewarding to see this acknowledged. Our world has an ever-growing population and limited resources, and we are facing environmental and social challenges like never before.

At Solvay we are raising the bar with a holistic view

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The gap between big Nigerian banks and their mid/small counterparts in terms of asset and profitability has continued to widen, an analysis by TheCable has shown.

Guaranty Trust Bank Plc, the largest lender by market capitalisation, has an average return on equity (ROAE) of 26.0 percent, Zenith Bank has 21.7 percent, and Access Bank 19.1 percent as at June 2020.

That compares with the ROAE of the largest Tier 2 lenders: FCMB (9.40 percent); Fidelity (12.90 percent); Union Bank (8.40 percent); Sterling (8.72 percent), and Wema, (5.42 percent).

Unity Bank has a negative ROE of 0.742 percent as its net income for the period under review was not enough to wipe out the negative shareholders’ fund of N278.24 billion.

Return on average equity (ROAE) refers to performance metrics that assesses of a company based on its average shareholders’ equity outstanding

Also, the combined total assets of the five Tier 1

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– By Nathan Parsh

Shares of aerospace and defense company General Dynamics Corporation (NYSE:GD) have declined 18.5% year-to-date and sit more than 24% off the 52-week high.

The company’s aerospace segment has been weak over the past few quarters as new orders for Gulf Stream jets have slowed. With the economy in a delicate position due to the coronavirus pandemic, private jet orders have been out as well.

Covid-19 has also impacted General Dynamics’ Information Technology business as business travel and site access resulted in a 13% year-over-year decline in the most recent quarter. These two segments account for almost half of the company’s total business.

This helps explain the decline that has occurred in the stock in 2020. However, for investors with a horizon that spans longer than a few quarters, this could be an excellent opportunity to add General Dynamics to their portfolio.

Eventually, a recovery from Covid-19

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Nasdaq-listed company Marathon Patent Group is forming a new joint venture with a U.S. power provider that will bring a supply of cheap energy for its bitcoin mining operations.

  • In an announcement Tuesday, Marathon said it’s teamed up with Maryland-based Beowulf Energy for the venture. Beowulf develops and operates power generation and industrial infrastructure facilities internationally.
  • The arrangement will see Marathon co-locate a bitcoin mining facility within Beowulf’s Big Horn Data Hub at its 105-megawatt power station in Hardin, Montana.
  • Beowulf will supply electricity for the mining farm at a production cost of $0.028 per kWh, according to the announcement.
  • That’s 38% below Marathon’s current aggregate power cost for mining and facility operations, $0.034 per kWh.
  • The company says this, in turn, will cut its breakeven costs to mine one bitcoin from approximately $7,500 currently to $4,600.
  • Under the deal, Beowulf is also becoming an equity shareholder in Marathon, while
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