Group 1 Automotive Boosts Dividend, Stock Repurchase Authorization
(RTTNews) - Automotive retailer Group 1 Automotive, Inc. (GPI) announced Wednesday its board of directors increased the Company's common stock repurchase authorization by $161 million to $200 million. The Company expects that any repurchase of shares will be funded by cash from operations. Repurchased shares will be held in treasury.
Group 1's board of directors also declared a 2.6 percent higher cash dividend of $0.39 per share for the third quarter of 2022, payable on December 15, 2022, to stockholders of record as of December 1, 2022.
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Group 1 Automotive To Cut U.K. Headcount By Approximately 10% - Update
While reporting financial results for the fourth quarter on Wednesday, Group 1 Automotive, Inc. (GPI) President and Chief Executive Officer Daryl Kenningham said the automotive retailer expects to cut its U.K. headcount by approximately 10 percent as it focuses on reducing costs in the U.K. in the first quarter of 2024.
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363 days ago
La Fiesta Brand Bread Crumbs Recalled For Undeclared Sesame
La Mirada, California-based La Fiesta Food Products, LLC, is recalling 8 oz packages of La Fiesta brand unseasoned and seasoned bread crumbs citing the presence of undeclared sesame, a known allergen, according to the U.S. Food and Drug Administration.
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5h 12min ago
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Wednesday.
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5h 25min ago
European Economic News Preview: German GfK Consumer Confidence Due
Consumer confidence from Germany and monetary aggregates from the euro area are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the market research GfK publishes German consumer sentiment survey results. The forward-looking consumer sentiment index is expected to rise to -20.5 in February from -21.3 in January.
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5h 29min ago
European Shares To Open Higher As Investors Await Cues On Fed's Policy Path
European stocks are seen opening a tad higher on Wednesday as investors look ahead to the Federal Reserve's monetary policy announcement due later in the day.
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5h 35min ago
Australia Inflation Softens In December
Australia's consumer price inflation eased in December to the lowest since early 2021 on falling electricity and auto fuel prices, the Australian Bureau of Statistics reported Wednesday. Consumer prices logged an annual increase of 2.4 percent in the December quarter, following a 2.8 percent rise in the preceding period. This was the lowest rate since March 2021.
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5h 41min ago
Sensex, Nifty Modestly Higher In Early Trade; FMCG Stocks Decline
Indian shares were modestly higher on Wednesday, tracking firm cues from global markets and amid hopes for a rate cut by the RBI next week.
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6h 42min ago
Asian Markets Mostly Higher In Holiday Trade
Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, with most of the major markets in the region including China, Hong Kong, Singapore and South Korea closed for Lunar New Year holidays. Traders remain cautious ahead of the US Fed's interest rate decision later in the day. Asian markets closed mostly lower on Tuesday.
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7h 38min ago
