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Intel to win approval for McAfee

first_img Tags: NULL Show Comments ▼ Share Intel is set to win EU approval next week for its $7.68bn (£4.8bn) buy of security specialist McAfee after offering more concessions to ease competition concerns, two sources said yesterday. The world’s largest chipmaker Intel has already secured clearance from the US Federal Trade Commission to acquire McAfee, the world’s second largest maker of security software. Intel had offered some concessions to the European Commission and in recent days proposed more remedies after complaints by McAfee’s rivals. whatsapp Thursday 20 January 2011 7:16 pm whatsapp KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Intel to win approval for McAfee last_img

British American Tobacco Uganda (BATU.ug) 2016 Annual Report

first_imgBritish American Tobacco Uganda (BATU.ug) listed on the Uganda Securities Exchange under the Agricultural sector has released it’s 2016 annual report.For more information about British American Tobacco Uganda (BATU.ug) reports, abridged reports, interim earnings results and earnings presentations, visit the British American Tobacco Uganda (BATU.ug) company page on AfricanFinancials.Document: British American Tobacco Uganda (BATU.ug)  2016 annual report.Company ProfileBritish American Tobacco Uganda Limited (BAT Uganda) grows and processes tobacco in Uganda and sells cigarettes and other tobacco products to the local market and for export. Brands sold by BAT Uganda include Dunhill, Rex, Sportsman and Safari. Tobacco is grown in 13 districts in Uganda through a network of tobacco farmers. The raw tobacco is transported to the BAT Uganda green leaf threshing plant in Kampala where it is processed and packed for local and export cigarette consumption. BAT Uganda also exports tobacco leaves to cigarette manufacturers in Europe, Asia and other African countries. BAT Uganda is a subsidiary of British American Tobacco Investments Limited. British American Tobacco Uganda is listed on the Uganda Securities Exchangelast_img

This is why the Steppe Cement share price has slumped 14%!

first_img Royston Wild | Monday, 7th June, 2021 | More on: STCM Image source: Getty Images. Our 6 ‘Best Buys Now’ Shares I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. Get the full details on this £5 stock now – while your report is free. Enter Your Email Addresscenter_img Simply click below to discover how you can take advantage of this. FREE REPORT: Why this £5 stock could be set to surge See all posts by Royston Wild UK share markets are flattish in start-of-week trading as stubborn inflation-related fears and poor Chinese trade data sap investor confidence. Whilst movements are unspectacular the same can’t be said for the Steppe Cement (LSE: STCM) share price on Monday.Prices of the building materials supplier have tanked 14% in morning trade to 45p per share. The Steppe Cement share price had fallen to a six-week low of under 42p at one stage.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Steppe Cement — which manufactures cement in Kazakhstan — has slumped due to a negative reception to full-year financials.Kazakh sales tipped to slow in 2021Sales volumes at the company slipped 4% year-on-year in 2020 to 1.65m tonnes, it said. This annual droppage came in spite of sales growth in the broader Kazakh cement market. Volumes across the country rose 6% from 2019 levels to 9.4m tonnes.The AIM-quoted share said that its own local sales decreased 6% “due to milling limitations during two months of the high season.” Export sales rose 20% year-on-year, however.Production at Steppe Cement’s Karaganda cement factory in central Kazakhstan ran at 85% of capacity last year. It said that Line 5 produced 938,074 tonnes of cement last year because of two planned maintenance stops. Line 6 recorded output of 707,670 tonnes, meanwhile, in line with guidance.Looking ahead, Steppe Cement said “the market demand in 2021 seems strong despite the effects of Covid-19 temporary lockdowns”. However, the business expects demand growth in Kazakhstan to cool from last year’s levels. It predicts an increase of between 2% and 4% “as oil prices have recovered and the government stimulus packages continue.”The company is expecting total production at its Karaganda asset to rise to 1.75m tonnes in 2021.Steppe Cement’s profits grow despite revenues dropSteppe Cement’s lower volumes in 2020 caused total revenues to drop 6% year-on-year to $74.8m. Still, this didn’t derail strong profits growth at the business and on a pre-tax basis these rose 14% to $11.1m.This was also despite a 3% drop in average selling prices, to $45.40 per tonne. Steppe Cement’s cost of production per tonne fell by the same percentage from 2019 levels thanks to lower electricity and coal costs. General and administrative costs rose by $600,000 year-on-year to $6.2m because of higher provision for doubtful debts and the withholding of $400,000 of tax on transfers from its Karcement arm to the holding company.Capital investment at the company slowed in 2020 and Steppe Cement spent less than $1m in total. This reduced spending was directed towards packing improvements and steps to reduce power consumption. The reduction was due to “Covid-19 restrictions mostly during the summer of 2020,” which meant the company didn’t have a full complement of engineers.Steppe Cement has targeted capital investment of $3m in 2021 to make up for the lower expenditure last year. It expects maintenance capital expenditure to fall from 2020’s levels of $2m too. This is why the Steppe Cement share price has slumped 14%! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.last_img

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