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Electric power transmission pylon miniatures and Orsted logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration/ COPENHAGEN, Feb 1 (Reuters) – Denmark’s Orsted (ORSTED.CO) , the world’s No. 1 offshore wind farm developer, on Wednesday reported fourth-quarter operating profit in line with preliminary 2022 numbers but said its offshore business faced challenges. "In a year with unusual market conditions, not least the very volatile energy prices and a substantial increase in inflation, we’re happy to achieve a record-high operating profit for 2022," Chief Executive Mads Nipper said in a statement. However, fourth-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) excluding new partnerships fell 19% to 6.70 billion Danish crowns ($979.5 million), the statement said. The company said it saw an unexpected decrease in its offshore business in the fourth quarter, primarily due to adverse impacts from hedges and delays at its Hornsea 2 project in the UK and Greater Changhua 1 & 2a project in Taiwan. Orsted confirmed its 2023 forecasts for EBITDA excluding new partnerships of 20 billion-23 billion crowns, compared with 21.1 billion achieved last year and below the 24.2 billion crowns expected by analysts. Its shares, which have shed more than half […]

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The new book, Start Your Own Pet Business, details easy ways to add new revenue streams to your biz. In Rich Mintzer’s new book, Start Your Own Pet Business , the author expertly outlines everything you need to know to successfully launch a pet-based business . In this excerpt, we’ll look at ways to bring in new revenue streams that go beyond walking or sitting more furry clients. Offer more services If you really know your way around a pooch, these are some services that most dog owners are always in need of: Grooming Taxi service to veterinary and grooming appointments Obedience training Those are just a few of the possibilities. The good news about most of that list, and about a lot of services, is that your business incurs little in the way of additional costs per service. Typically, the cost to you is in time and perhaps a few supplies. Your real costs are in obtaining your own education and then any additional equipment you need to provide the service. It’s not likely all your customers will want to avail themselves of your new services, but some will. And voila! You’ve expanded Selling products The other way […]

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Javed Laher , MBA. Sales Director, Mediaocean EMEA | Host on Podcast Suits N Tracksuits | Founder of Chef33, Home Food App #Harvard #London getty As different parts of the world announce their economic positions, whether they are currently in a recession or approaching a recession, there will be measures companies need to take to ensure they maintain a level of business for survival at the minimum level in order to establish a plan to thrive. In this article, I will break down ten considerations for businesses during this time. 1. Focus on value. During a recession, consumers are more price-sensitive than usual. To stay competitive, it’s important to focus on the value that your products or services provide to customers. This might include features and benefits, as well as cost-savings that your products or services can deliver. 2. Be flexible with pricing. In a recession, consumers are often looking for a good deal. You might consider offering discounts or other incentives to attract price-sensitive customers. However, you should be careful not to compromise on profitability in the process. 3. Understand your customers. During a recession, people’s needs and priorities change. Therefore, it is important to understand your customers’ […]

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Full-Year 2022 net revenue of KRW 110 billion, up 8% over 2021 reaching a record high Strong R&D momentum to continue with batoclimab entering multiple pivotal studies with the first Phase 3 data readout in China expected in 2023 Top-line data from tanfanercept’s Phase 3 dry eye study expected in H1 2023 SEOUL, South Korea, Feb. 1, 2023 /PRNewswire/ — HanAll Biopharma Co., Ltd. (KRX: 009420. KS), a global biopharmaceutical company committed to discovering and developing innovative medicines for patients, reported financial results for 2022 and provided business updates. Total revenues for 2022 were 110 billion won, an 8% increase year-on-year, mainly driven by continued strong sales from the key products and milestone revenues from the licensed partners, including $10 million milestone payment from Immunovant for the initiation of the MG Phase 3 trial. Net income for the year was 2 billion won, offset by increased R&D expenses. "HanAll continued to transform into innovative global biopharma in 2022 by strengthening clinical development capability and expanding open collaboration network while continuing to deliver solid sales performance. We were able to launch a share buyback program to return value to our stakeholders," said Sean Jeong, M.D., CEO of HanAll Biopharma. "Moving […]

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New York CNN — Bed Bath and Beyond is closing another 87 stores as the struggling retailer barrels toward bankruptcy. The closing stores are in addition to the 150 closures Bed Bath and Beyond announced last August. Included in the new list is 5 buybuy Baby locations and all 49 remaining Harmon Face Value stores, which once sold cosmetics. “As we continue to work with our advisors to consider multiple paths, we are implementing actions to manage our business as efficiently as possible,” a Bed Bath and Beyond spokesperson told CNN. “This store fleet reduction expands the company’s ongoing closure program.” Bed Bath & Beyond says it can no longer pay its debts Last week, the company warned in a regulatory filing that it received a notice of default from its lender, JPMorgan Chase. The company said that “at this time, the company does not have sufficient resources to repay the amounts under the credit facilities and this will lead the company to consider all strategic alternatives, including restructuring its debt under the US Bankruptcy Code.” Bed Bath and Beyond (BBBY) defaulted “on or around” January 13, according to the Securities and Exchange Commission filing. It could be forced […]

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Turletti leads sustainable efficiency & profitability across organizations thru innovation, management & marketing @ ROI Marketing Institute getty 6:10 a.m. It is a very cool November morning in Sedona, and Danny is picking me up in the middle of a pitch-dark night full of sparkling stars. He and I are about to embark on one of the most delightful flights possible: seeing the sunrise from a hot air balloon. On the way to the field, we had a casual chat about how everything— from gas to meat to diapers —has become so expensive in the United States lately. On top of heightened costs, we both felt like we’d noticed a lowered quality of service and value. It’s as if the previous standard of excellence has become a premium feature; you only get it now if you pay for it. Talking to Danny that morning in Sedona wasn’t the first conversation I’ve had with someone who felt this way about the current state of service. It’s something I’ve personally verified everywhere I go and with everyone I meet. It’s clear that consumers feel business management isn’t prioritizing efficiency, quality or accountability, to their detriment. Having run businesses in several countries, […]

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Jay Milligan, President and CEO, CCi . Jay has over 30 years of operational leadership experience across various business sectors. getty Being appointed as the CEO of an organization you haven’t worked in before is always a daunting prospect, especially if you are being brought in to effect rapid change. Not only do you have to get to know the business, its employees and clients, but you are also required to develop a business change strategy and kick off the transformation process— often all within your first 100 days. Throughout my career focused on strategy deployment and change management, I have found that the key is to engage leadership at all levels as quickly as possible to drive the change you are mandated to deliver. The appetite for change is always the big question. You must get the right people on board and make sure everyone is aligned. The importance of vision and culture—everyone rowing in the same direction and working towards a shared goal—should not be underestimated. But how do you practically engage and inspire people who do not know you to buy into your change vision? In my experience, strong leadership and a structured stakeholder engagement process […]

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Photographer: Angus Mordant/Bloomberg Blackstone Inc. is reshuffling the leadership of a key real estate business as the private equity giant navigates one of the most challenging property markets in years. Frank Cohen, a nearly three-decade firm veteran, will cede leadership of Blackstone’s “Core+” real estate business to Wesley LePatner, the group’s global chief operating officer, according to Blackstone executives. Wesley LePatner LePatner’s promotion puts her in charge of a more than $140 billion business that focuses on long-term real estate bets on properties ranging from industrial warehouses to life-sciences buildings. The “Core+” strategy also includes Blackstone Real Estate Income Trust, the $69 billion vehicle aimed at wealthy individuals. It’s been a critical past few months for BREIT as Blackstone looks to stabilize flows and shore up investors’ confidence in that crown jewel. The personnel changes were part of long-term management planning, according to people familiar with the matter, who asked not to be identified citing private information. Cohen will remain chairman and chief executive officer of BREIT. For years, BREIT benefited from a retail boom, attracting wealthy investors who flocked to private markets in search of higher returns. Now, rising rates and a rockier real estate market have dimmed […]

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Justin Main is Vice President of Integrated Payments for Billtrust , a B2B accounts receivable automation and integrated payments leader. getty Twenty-five years old. That’s the age of the oldest members of Gen Z, those born between 1997 and 2012. And although those 25-year-olds are just out of college and beginning their careers, before you know it, they’ll be business-to-business (B2B) buyers. How do we as suppliers best prepare for them as they become our next generation of buyers? Will we be able to provide a digital-first, embedded payments environment for them that matches the sophistication of what they’re already used to as consumers? I believe that firms that do this best will outperform their peers. Here are some ways to get there. Make customer experience more important than ever. More brands are competing on customer service, instant access and personalized experiences than ever. In fact, for younger generations, it often only takes a few poor interactions to send them elsewhere. Research done by my company found that the majority of Gen Z consumers would stop doing business with a brand after just two or three less-than-stellar experiences. And digital payment acceptance is a big piece of that for […]

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Extensive testing capabilities established in Burscheid, Germany, and in Southeastern Michigan for internal combustion engines (ICE) powered by hydrogen (H 2 ) ICE expertise leveraged to support vehicle and engine manufacturers in a variety of ICE decarbonization approaches for sector-specific, CO 2 -neutral mobility solutions NORTHVILLE, Mich., Feb. 1, 2023 /PRNewswire/ — Tenneco has established new test facilities for hydrogen-powered internal combustion engines at its Powertrain test centers in Burscheid, Germany, and Ann Arbor, Michigan. These two test cells specifically dedicated to hydrogen ICEs enhance the company’s globally integrated ICE test capabilities, supporting original equipment (OE) engine and vehicle manufacturers as they decarbonize the ICE. By adding H 2 -engine testing, Tenneco is well-positioned to provide technology solutions that can help to accelerate the reduction of carbon emissions of future combustion engine generations to achieve global climate goals faster. Continue Reading Tenneco´s Advanced Technology Center (ATC) at Ann Arbor, Mich. © 2023 Tenneco Inc. Tenneco´s engine test center in Burscheid, Germany © 2023 Tenneco Inc. Preparation of a H2 ICE test cell © 2023 Tenneco Inc. "We support a pragmatic approach of complementary technologies that provide solutions for different transportation sectors," said Stefan Rittmann, Vice President, Engineering with Tenneco’s […]

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