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Life insurance sales increase due to coronavirus pandemic

October 14, 2020

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Life insurance is enjoying something of a renaissance as a result of the coronavirus pandemic.

Consumers, especially younger adults, have been buying insurance in elevated numbers since the spring, when thousands of Americans began getting ill and dying from Covid-19.

That result is logical, experts said, given the core use of life insurance: as a financial backstop in the event of death.

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For example, what if the breadwinner of a family dies unexpectedly from Covid-19? Insurance is meant to plug that immediate gap in household income.

“It’s forced the idea of financial protection and mortality to the top of mind for consumers in a way very few

Airbus deliveries reach monthly high in September but sales stay subdued

October 10, 2020

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So far this year, Airbus has sold 379 planes or a net total of 300 after cancellations. Photo: Getty

Airbus (AIR.PA) reached the highest number of monthly deliveries in September, although order activity remained quiet as COVID-19 continues to hammer the aviation sector.

It delivered 57 jets in September this year, up from 39 in August and exceeding the 55 achieved in February 2020, just before the onset of the airline crisis.

The European planemaker made 341 deliveries over the last nine months including 18 A220s, 282 A320 Family, 9 A330s and 32 A350s. This figure was down 40% from the 571 deliveries the same period last year, with the fall in output triggered by the pandemic.

A significant number of planes were delivered from a parked backlog. Its backlog stands at 7,441 aircraft compared to 7,133 at the same point in 2019.

The only order change registered was the

McDonald’s global sales improve in third quarter versus second quarter after coronavirus disruption

October 9, 2020

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By Hilary Russ

NEW YORK (Reuters) – McDonald’s Corp <MCD.N> global sales improved in the third quarter versus the second quarter, down just 2.2% year over year, as drive-thru orders surged and special promotions lifted sales to double-digit percentage increases in September, the company said on Thursday.

Comparable sales had plunged nearly 24% the previous quarter as dining rooms shut and U.S. customers stayed home during the early months of the coronavirus pandemic.

Amid the uncertainty earlier this year about the outbreak and its impact on operations, the Chicago-based burger chain held back on advertising spending but has now begun to deploy that stash of cash in national campaigns.

In mid-September, it launched a limited-time promotional deal with rapper Travis Scott and quickly began to run out of ingredients to assemble its signature Quarter Pounder sandwich, which was featured in the meal.

It also added Spicy Chicken McNuggets and ran

McDonald’s Global Sales Improve in Third Quarter Versus Second Quarter After Coronavirus Disruption | Investing News

October 8, 2020

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NEW YORK (Reuters) – McDonald’s Corp

global sales improved in the third quarter versus the second quarter, down just 2.2% year over year, as drive-thru orders surged and special promotions lifted sales to double-digit percentage increases in September, the company said on Thursday.

Comparable sales had plunged nearly 24% the previous quarter as dining rooms shut and U.S. customers stayed home during the early months of the coronavirus pandemic.

Amid the uncertainty earlier this year about the outbreak and its impact on operations, the Chicago-based burger chain held back on advertising spending but has now begun to deploy that stash of cash in national campaigns.

In mid-September, it launched a limited-time promotional deal with rapper Travis Scott and quickly began to run out of ingredients to assemble its signature Quarter Pounder sandwich, which was featured in the meal.

It also added Spicy Chicken McNuggets and ran special offers for National

Most Fort Bend County cities get boosted sales tax monies

October 8, 2020

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Nearly every city in Fort Bend County has seen their year-over-year sales tax receipts rise, with the exception of Sugar Land.

Texas Comptroller Glenn Hegar announced Wednesday that his office is sending “cities, counties, transit systems and special purpose taxing districts $751.5 million in local sales tax allocations for October, 2.8 percent less than in October 2019.”

On HoustonChronicle.com: Sugar Land’s Constellation Field to host Halloween Town

The allocations this month represent sales made in August.

“The COVID-19 pandemic continues to weigh on the Texas economy and sales tax revenue,” according to the Comptroller’s Office.

Sugar Land, by far the largest city in Fort Bend County, is receiving a payment of $41.8 million, a decline of more than 11.56 percent compared to last year. For the year, the city has received nearly $41.2 million, an overall drop of 8.36 compared to 2019.

On HoustonChronicle.com: Few cases of COVID-19 reported in

Ladbrokes owner’s sales boosted by digital betting

October 8, 2020

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Ladbrokes owner GVC has forecasted higher annual profits following higher online gaming demand. Photo: Simon Dawson/Reuters

Ladbrokes and Bwin owner, GVC Holdings (GVC.L), has raised its outlook for annual core earnings after posting a 12% rise in third quarter revenue, helped by the dramatic growth in online gaming and the restarting of major sporting events such as the English Premier League.

The company, which owns brands such as Coral and Eurobet, said full-year earnings before interest, taxes, depreciation, and amortization (EBITDA) is now expected between £770m ($917.91m) and £790m.

Previously, GVC had forecast annual earnings to be between £720m and £740m.

Online gaming volumes have resumed to pre-COVID-19 levels, the company said in a statement on Thursday, reflecting the “strength and diversity of our business model.”

GVC's sales were boosted by online gaming during COVID-19. Chart: Yahoo Finance UK — GVC’s sales were boosted by online gaming during COVID-19. Chart: Yahoo Finance UK

“Like the rest of the UK and Europe’s high streets, GVC’s

Lamb Weston (LW) Q1 Earnings Top Estimates, Sales Fall Y/Y

October 7, 2020

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Lamb Weston Holdings, Inc. LW reported first-quarter fiscal 2021 results, wherein both top and bottom lines declined year over year and the former fell short of the Zacks Consensus Estimate. Results were affected by lower demand due to the adverse impact of the pandemic on traffic at restaurants and other foodservice channels. Also, higher pandemic-related costs have been a deterrent.

Nonetheless, sales and earnings improved sequentially and the company is positive about the improvement in traffic at restaurants in the United States and core international markets. In the United States, demand stabilized in the latter part of the first quarter and also in September, thanks to a rebound in quick-service restaurants, increased deliveries and improved trends at full-service restaurants as curbs on pandemic-led restrictions are being lifted. However, demand remains below pre-pandemic levels. Retail demand for branded products remained steady, though lower than its peak in the initial weeks of

Lexus tops Mercedes, BMW as production squeeze hits luxury sales

October 6, 2020

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Toyota Motor Corp.’s Lexus brand outsold luxury rivals Mercedes and BMW in the latest quarter as inventory shortages triggered by the pandemic hampered the German brands.

Lexus, which hasn’t won the annual US luxury sales race in a decade, grew 2 percent on the year to 75,285 vehicles in the third quarter. Deliveries at Daimler AG’s premium line declined 9.4 percent to 69,631 units, and BMW AG suffered a 16 percent decline to 69,570. Mercedes is still leading the other two carmakers year-to-date by a wide margin.

Lexus has weathered the pandemic better than its German rivals, with the brand’s best-selling RX SUV seeing strong demand. Both Mercedes and BMW have been hamstrung by tight inventory as the pandemic idled plants in Europe and the United States for weeks. Lexus saw a 31 percent jump in September alone, led by its RX, NX crossover, and ES sedan. That pared declines

Alteryx Lifts Sales Outlook and Taps New CEO; Stock Higher

October 6, 2020

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Alteryx (AYX) – Get Report shares jumped on Tuesday after the data-analytics-software company raised its sales outlook and named a new chief executive.

The company now expects third-quarter revenue of $126 million to $128 million, representing 22% to 24% growth from a year earlier.

Those figures top the company’s previous guidance of $111 million to $115 million. Alteryx plans to report results on Nov. 5.

Its shares recently traded at $142.25, up 25%. They’d risen 14% year to date through Monday. The stock of the Irvine, Calif., company had risen 51% since touching a 52-week low above $75 in mid-March. The stock traded at a 52-week high above $185 in mid-July.

As for the personnel move, Alteryx named Mark Anderson, a current board member, as CEO, succeeding Alteryx Co-Founder Dean Stoecker.

Anderson formerly was president of Palo Alto Networks. (PANW) – Get Report He also worked

Exclusive: EU Exploring Using Bond Auctions for Pandemic-Linked Debt Sales | Investing News

October 6, 2020

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AMSTERDAM (Reuters) – The European Commission is exploring using auctions to sell bonds as it prepares to ramp up debt issuance to finance the European Union’s post-pandemic recovery programmes, the EU Commissionner for Budget and Administration said on Tuesday.

“The Commission’s immediate focus is the issuance of the SURE bonds, due later this month,” Johannes Hahn said referring to the EU’s unemployment scheme that will be backed by around 100 billion euros of debt.

“Beyond that, the Commission is exploring all options for a scaled up issuance volume, including using auctions for its issuances,” Hahn told Reuters in emailed comments.

SURE issuance is expected mostly to rely on bank syndicates to market bonds to investors — the format supranationals such as the EU commonly use. But after that programme, the EU will need to raise finance a 750 billion-euro recovery fund that forms the lion’s share of its support to