BREWED BEHAVIOUR
Lifestyle, Fitness, Health, and more.
Twelve Banks Down, Two to Go
PC Jeweller has now fully repaid twelve of its fourteen consortium lenders under settlement agreements dated 30 September 2024, clearing more than 98 percent of the outstanding bank debt those agreements cover. It expects to repay the remaining under two percent and reach debt-free status this month. Every repayment has been made ahead of its scheduled due date. The arc behind that sentence is worth laying out, because it is one of the more...
Chasing Opportunity, Chasing Space
Redfin's migration analysis of 2024 data found San Antonio the most popular destination for Gen Z movers, with a net inflow of 10,678, ahead of Washington DC at 8,631, Austin at 8,590, Nashville at 8,093 and Dallas at 6,944. Houston led millennial inflows with 16,365, followed by Baltimore at 11,724, Las Vegas at 8,860 and Atlanta at 8,753. New York recorded the largest net outflows for both: 29,554 Gen Zers and 42,698 millennials. Sheharyar...
A Very Successful Engagement
Global shares advanced on Monday. South Korea's Kospi rose 1.8 percent to 7,018.98 with Samsung Electronics up five percent. Hong Kong's Hang Seng gained up to 1.2 percent to 25,042.71. The Shanghai Composite added one percent to 3,949.91. India's Sensex rose. Britain's FTSE 100 added 0.9 percent to 10,750.57. American futures were higher. Japanese markets were closed through Wednesday for holidays. The cause was a sentence from Scott Bessent,...
Nobody Bought Less, They Just Stopped Restocking
Accsys Technologies, which makes the acetylated wood products Accoya and Tricoya used in windows, doors, cladding and decking, fell about eleven percent on Monday to around 63.8p after a trading update covering the five months to 31 August. Group revenue fell six percent to €56.9 million. Sales volumes dropped eleven percent to 22,186 cubic metres. Including its 60 percent-owned joint venture, aggregated revenue also fell six percent to €67.5...
A Million Dollars a Day to Move the Barrel
The cost of hiring a Very Large Crude Carrier from the Persian Gulf to Asia, the benchmark route, has risen twelvefold in a few months to a record $1.1 million a day. Other numbers from the same market tell the same story from different angles. Earnings for supertankers on the Middle East to China route reached a record of nearly $800,000 a day earlier in September. On the US Gulf to Asia run, charterers were offered VLCCs at a record lump sum...