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The Latest Breaking News from Board of Directors

Redbird Capital Buys Italian Football Club AC Milan

RedBird Capital Partners entered into a definitive agreement to acquire Associazione Calcio Milan (AC Milan) Club, newly crowned Champions of Serie A, from Elliott Advisors UK Limited, for 1.2 billion euros ($1.3 billion). The transition to new ownership will take place over the summer, with closing expected in September 2022. Elliott to retain a…

Benzinga

Chelsea sale: Board of directors' statement in full on Todd Boehly/Clearlake Capital takeover

Todd Boehly and Chelsea can finally move on and aid Thomas Tuchel in planning for what is set to be a very busy summer transfer window and new season for the Blues

Football London

King Salman Issues a Number of Royal Orders

Custodian of the Two Holy Mosques King Salman bin Abdulaziz issued on Sunday several royal orders. He relieved Dr. Tawfiq bin Fowzan bin Mohammed Al-Rabeeah, Chairman of the Board of Directors of Saudi Food and Drug Authority, of his post and appointed Fahd bin Abdulrahman bin Dahes Al-Jalajel in his…

Asharq Al-Awsat

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Lovlina Borgohain elected as IBA Athletes Committee Chair

NEW DELHI: Olympics bronze medallist Lovlina Borgohain has been elected as the chair and a voting member on the Board of Directors for the Athletes' Committee, the International Boxing Association (IBA) said on Thursday.

The Times of India

Dick's Sporting Goods Clocks 7.5% Sales Decline In Q1; Cuts FY22 Outlook

Dick's Sporting Goods Inc (NYSE:DKS) reported a first-quarter FY22 sales decline of 7.5% year-over-year to $2.70 billion, beating the consensus of $2.59 billion. Comparable store sales decreased 8.4% versus 117.1% growth a year ago. The gross profit margin contracted 83 basis points Y/Y to 36.47%. The operating margin contracted 273 basis points to…

Benzinga

Why Dole Shares Are Plunging Today

Dole PLC (NYSE:DOLE) reported first-quarter FY22 sales growth of 113.5% year-on-year, to $2.25 billion, missing the consensus of $2.32 billion. On a pro-forma comparative basis, revenue decreased marginally, primarily due to a decrease in Fresh Vegetables resulting from the Value Added salads product recall in January and February 2022 and negative foreign currency…

Benzinga

LIC to declare financial results for FY22 on May 30; board to consider dividend payment

NEW DELHI: The board of directors of the state-owned Life Insurance Corporation of India (LIC) is scheduled to meet at the end of this month to declare the financial results for the fiscal year ended March 2022.

The Times of India

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Ruchi Soya Industries to change name to Patanjali Foods; to acquire its food retail business

MUMBAI: The Board of Directors of Ruchi Soya Industries on Wednesday decided to change the name of the company to 'Patanjali Foods Limited'.

The Times of India

Saudi EXIM Launches New Strategy to Reach Global Markets

The Saudi Export-Import Bank (EXIM) launched a new strategy to facilitate national non-oil exports to reach global markets for the next five years. The strategy enables Saudi non-oil exports to reach global markets by closing financing gaps and reducing export risks. It focuses on maximizing the economic impact of the…

Asharq Al-Awsat

Former FTI chief says he has nothing to fear in entering politics

Suphan Mongkolsuthee, former chairman of the Board of Directors of the Federation of Thai Industries (FTI), was on Monday named leader of the Thai Sang Thai Party's economics team.

Bangkok Post

Verde Discloses Pre-Feasibility Study Results For Cerrado Verde Project

Verde AgriTech Plc (TSX:NPK) (OTCQB:AMHPF) announces the results of the Pre-Feasibility Study for the Cerrado Verde Project, which replaces the December 2017 Pre-Feasibility Study. Verde operates Plant 1 with a capacity of 0.6 million tonnes per year (Mtpy), Plant 2 is set to open in Q3 2022 with an additional capacity of…

Benzinga

3 Hard-Hit Engineering & Construction Stocks to Buy Right Now

Amid rising raw material costs, supply chain constraints, and labor shortages, the engineering and construction industry took a hit over the past few months. However, with a steady increase in spending across the construction sector and rising federal investments, the industry is expected to rebound soon. Given this growth prospect,…

StockNews.com

SeaWorld Entertainment Adopts New Buyback Program; CFO Plans To Retire

SeaWorld Entertainment Inc (NYSE:SEAS) said its Board of Directors approved a $250.0 million share repurchase program. Under the program, the company is authorized to repurchase shares through open market purchases, privately-negotiated transactions, or otherwise. During 1Q22, the company repurchased 1.5 million shares, and subsequent to March 31, 2022, it repurchased an additional 2.0 million…

Benzinga

Builders FirstSource Shares Gain On Q1 Earnings Beat

Builders FirstSource Inc (NYSE:BLDR) reported first-quarter FY22 sales growth of 36.1% year-on-year to $5.68 billion, beating the consensus of $4.60 billion. Double-digit core organic growth, commodity inflation, and acquisitions drove the top-line growth. The gross profit rose 71.3% to $1.8 billion and the gross profit margin expanded by 670 basis points to 32.3%.…

Benzinga

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news in one place.

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Benzinga

Why Vroom Shares Are Surging Today

Vroom Inc (NASDAQ:VRM) reported first-quarter FY22 sales growth of 56.3% year-on-year to $923.77 million, beating the consensus of $878.13 million. Ecommerce revenue jumped 59.9% Y/Y to $675.4 million, and Ecommerce Unit Sales rose 26% Y/Y. Revenue from Wholesale rose 18.6%, and Texas Direct Auto (TDA) segment increased by 18.2%. The gross profit rose…

Benzinga

Amid Domestic Violence Allegation, Longtime Seagen CEO Takes Leave of Absence

The Board of Directors of Seagen Inc (NASDAQ:SGEN) announced that its long-time president, CEO, and chairman Clay Siegall, is on a leave of absence. The move follows an alleged incident of domestic violence. While Siegall, who informed the company that he's in the middle of a divorce, denied those allegations. The Seagen board…

Wales Online

Cardiff City issue brutal response to Supporters' Trust as bitter feud deepens

The club's board says it does not recognise the Supporters' Trust as an official entity anymore

Asharq Al-Awsat

NEOM Green Hydrogen Appoints Edmondson as CEO

The Board of Directors of "NEOM Green Hydrogen Company" (NGHC) has appointed David Edmondson as CEO of the company, which was recently launched as part of NEOM’s subsidiaries to contribute to the implementation of NEOM's strategic plans that reflect its comprehensiveness and future vision. NGHC is a joint venture between…

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The News Lens

The Richest Man in the Philippines Is Taking Over the Country’s Water. These People Are Out To Stop Him.

Manny Villar, a billioniare, is behind an effort to privatize water supplies throughout the Philippines with the company Primewater Incoporated. Citizens, unions, and political leaders are organizing against it.

Asharq Al-Awsat

AD Ports Inks Deals for Major Projects Along Egypt’s Coastline

Abu Dhabi Ports Group and Egypt's Red Sea Ports Authority have signed a term sheet and a head of terms agreement for the development of major port projects along Egypt's coast. The Abu Dhabi entity will develop, operate, and manage a multi-purpose terminal in Safaga Port in a consortium with…

StockNews.com

2 Hotel Stocks to Buy With Summer Travel Bookings at Record Levels

While the resurgence of COVID-19 cases is a significant concern, the hotel industry enjoys substantial investor attention because of increasing consumer spending and pent-up leisure travel demand with the upcoming summer vacations. So, it could be wise to scoop up the shares of fundamentally strong hotel stocks Travel + Leisure…

Benzinga

Why Cenovus Energy Shares Are Trading Higher Today

Cenovus Energy Inc (NYSE:CVE) (TSX:CVE) reported a first-quarter basic EPS of C$0.81 compared to C$0.10 in 1Q21. Q1 total revenues increased to C$16.2 billion from C$13.7 billion in the previous quarter, driven by higher average realized sales prices for the company's products across the Upstream and Downstream businesses. The total operating margin was…

Benzinga

Garmin Beats on Q1 Earnings; Margins Shrink Amid High Freight Cost, Component Supply Crisis

Garmin Ltd (NYSE:GRMN) reported first-quarter FY22 revenue growth of 9% year-on-year to $1.17 billion, beating the consensus of $1.12 billion. Revenue from Fitness declined 28% Y/Y to $220.9 million, Outdoor rose 50% Y/Y to $384.6 million, Aviation improved 1% Y/Y to $174.8 million, Marine jumped 21% Y/Y to $254.1 million, and Auto sales…

Benzinga

Meet The Twitter Board Of Directors: The People Deciding The Fate Of Elon Musk's Takeover Bid

With reports indicating that the sale of Twitter Inc (NYSE: TWTR) to Tesla Inc (NASDAQ:

Benzinga

ALVOF: Alvopetro Energy's Management Focused on Advancing the Murucututu/Gomo natural gas Project to Production; Operational Capacity of the Gas Processing Facility Scheduled to Increase by 25% in June

By Steven Ralston, CFA OTC:ALVOF | TSX:ALV.V READ THE FULL ALVOF RESEARCH REPORT

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