Capital Expenditure – The News Desk

18Dec

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World

Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0702 GMT – Centrica has had an outstanding 2023, outperforming the utility sector by around 50%, but 2024 looks to be a more normalized earnings year, Jefferies analysts write in a research note. “We believe that Centrica’s earnings momentum has started to slow down,” they say. To unlock further value, the U.K. energy company needs more visibility on how it can put its standout balance sheet to work, they say. For them to get positive again on Centrica, it needs to deliver on business KPIs, such as growth in energy services, margins on residential energy supply, and further visibility on capital expenditure returns, the analysts say. Jefferies lowers it rat...

Diet Company Medifast, Once an Ozempic Skeptic, Embraces Weight Loss Drugs With LifeMD Telehealth Deal

13Dec

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World

Diet Company Medifast, Once an Ozempic Skeptic, Embraces Weight Loss Drugs With LifeMD Telehealth Deal

Medifast, the weight-loss company that uses coaches and low-calorie shakes and bars to help customers slim down, is diving into the Ozempic and Wegovy market.The company is investing $20 million in LifeMD, a telehealth company that provides access to doctors and nurse practitioners who can prescribe the drugs. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

22Nov

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World

Auto & Transport Roundup: Market Talk

The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0748 GMT – IAG said it intends to resume its ordinary dividend and distribute excess cash in the form of special dividends and/or buybacks, but didn’t provide a timeline, Citi analysts say in a note. The company—which operates British Airways and Iberia among others—said it expects capital expenditure to be around EUR4.5 billion between 2024 and 2026, with investment going across its fleet, IT and product offerings, whilst intending to pursue inorganic opportunities, Citi says. “We think lack of timeline on resumption of ordinary dividend along with capex outlay is likely to be taken negatively,” Citi says. (anthony.orunagoriainoff@dowjones.com)Cop...

Italy’s Enel Plans to Boost Investments, Cut Costs as Part of 2024-26 Strategy

22Nov

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World

Italy’s Enel Plans to Boost Investments, Cut Costs as Part of 2024-26 Strategy

Updated Nov. 22, 2023 2:58 am ETEnel plans to boost investments in grids and refocus its renewables strategy while boosting cash generation and cutting costs as part of its plan for the 2024-26 period.The Rome-based energy company said it aims to focus on its regulated businesses, improving grids’ resiliency and digitalization, and on higher-margin renewables investments, specifically in onshore wind, solar and battery storage.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

LSEG to Return $1.24 Bln via Share Buybacks During 2024; Sets Medium-Term Targets

17Nov

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World

LSEG to Return $1.24 Bln via Share Buybacks During 2024; Sets Medium-Term Targets

London Stock Exchange Group plans to return 1 billion pounds ($1.24 billion) to shareholders via buybacks over next year and has set a target to grow organic revenue mid-to-high-single digit annually, accelerating after 2024.In a statement on its website as part of its capital markets event, the stock-exchange and financial-information company said that it expects underlying earnings before interest, taxes, depreciation and amortization margin to increase over time, and for capital expenditure to fall to high-single-digit percent of revenue.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

TransUnion Plans to Transition More Jobs Offshore to Increase Savings, Cut Costs

15Nov

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World

TransUnion Plans to Transition More Jobs Offshore to Increase Savings, Cut Costs

Updated Nov. 15, 2023 10:03 am ETTransUnion plans to reduce costs and increase savings by transitioning additional roles to its global capability centers overseas.The information and insights company on Wednesday said it plans to deliver between $120 million and $140 million of annual operating expense savings and a $70 million to $80 million capital expenditure reduction in 2026 compared with 2023 levels.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Google Commits $2 Billion in Funding to AI Startup Anthropic

29Oct

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Technology

Google Commits $2 Billion in Funding to AI Startup Anthropic

Google agreed to invest up to $2 billion in Anthropic, building on its earlier investment in the artificial-intelligence company and adding fuel to the race between startups trying to achieve the next big breakthrough in the emerging technology.Google invested $500 million upfront into the OpenAI rival and agreed to add $1.5 billion more over time, people familiar with the matter said. The investment follows a separate commitment Amazon made last month to invest $4 billion in the company, which was founded by former OpenAI engineers in 2021 with the goal of developing rival generative AI models. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

28Oct

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World

Google Commits $2 Billion in Funding to AI Startup Anthropic

Google agreed to invest up to $2 billion in Anthropic, building on its earlier investment in the artificial-intelligence company and adding fuel to the race between startups trying to achieve the next big breakthrough in the emerging technology.Google invested $500 million upfront into the OpenAI rival and agreed to add $1.5 billion more over time, people familiar with the matter said. The investment follows a separate commitment Amazon made last month to invest $4 billion in the company, which was founded by former OpenAI engineers in 2021 with the goal of developing rival generative AI models. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

GM Delays Opening of Electric-Truck Factory Amid Cooling EV Demand

17Oct

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World

GM Delays Opening of Electric-Truck Factory Amid Cooling EV Demand

Updated Oct. 17, 2023 2:07 pm ETGeneral Motors is delaying the opening of a large electric-pickup-truck factory in Michigan, the latest sign that the auto industry’s enthusiasm around EVs is starting to wane as sales growth for these models slows.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Total capital expenditure to be Rs 1.25 trillion till FY31

9Oct

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Business

Total capital expenditure to be Rs 1.25 trillion till FY31

Maruti Suzuki India (MSIL) plans to spend about Rs 1.25 trillion on capital expenditure (capex) between FY24 and FY31, the company said on Monday. This is significantly higher than its capex spend of Rs 27,538 crore in the last eight years from FY16 to FY23, a Business Standard analysis showed. India's biggest carmaker said it will spend around Rs 45,000 crore to expand production capacity by 2 million units in this eight-year period. A range of strategic endeavours such as expanding sales channels, building service and spare parts infrastructure, enhancing export capabilities, and financing research and development (R&D) efforts for new vehicle models will roughly get a Rs 80,000 crore allocation. ...