Conagra Brands, Inc. (CAG) reported that its first-quarter adjusted net income attributable to company decreased 30.2% year-on-year driven primarily by the decrease in gross profit. Gross margin decreased 486 basis points to 25.4% in the quarter, and adjusted gross margin decreased 530 basis points to 25.4%. Organic net sales were down 0.4%, for the quarter. Looking forward, the company reaffirmed […]

The UK service sector continued to expand in September but severe supply constraints lifted inflationary pressures, final survey data from IHS Markit showed on Tuesday. The Chartered Institute of Procurement & Supply final services Purchasing Managers’ Index registered 55.4 in September, up slightly from August’s six-month low of 55.0 and the flash 54.6. New order growth weakened for the fourth […]

The federal government breaks down where people live into a number of categories. The best known are states, metropolitan areas and counties. Another, which is not as well known, is core-based statistical areas (CBSAs). There are 927 of them in the United States. The U.S. Census Bureau defines CBSAs as follows: Metropolitan statistical areas have at least one urbanized area […]

CEA’s remarks appeared to have been triggered by criticism about the low recovery rates and the processes of the IBC Chief Economic Advisor Krishnamurthy Subramanian took on critics of the Insolvency and Bankruptcy Code (IBC) for labelling its performance as ‘skewed’ with low recovery rates, arguing they are ‘cherry-picking’ IBC data and a lot of the loans going through the […]

Food inflation stood at 4.83% in August, against 4.91% in the previous month and 6.06% during the corresponding month a year ago Retail inflation for industrial workers eased to 4.79% in August compared to 5.27% in July this year, mainly due to the lower price of certain food items. "Year-on-year inflation for the month (August 2021) stood at 4.79 per […]