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DyStar switches industry association membership amid spat

2020-02-17 11:15:00| Daily apparel & textile news and comment - from just-style.com

Singapore-based dye manufacturer Dystar has joined TEGEWA - a sector association within the German Chemical Industry Association (VCI) - after resigning from the Ecological and Toxicological Association of Dyes and Organic Pigments Manufacturers (ETAD) following an ongoing spat.

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Liberty Global starts USD 1 bln share buyback plan amid lower Q4, with continued customer losses

2020-02-14 09:24:00| Telecompaper Headlines

(Telecompaper) Liberty Global said revenues for the fourth quarter slid 0.5 percent to USD 2.982 billion, pulled down by contractions in Switzerland, Belgium and UK/Ireland. Mobile revenue increased 5.2 percent to USD 429.9 million but was not able to offset cable revenue falling 0.9 percent to USD 1.902 billion. The operating cash flow (OCF) declined a bit over 4 percent to USD 1.273 billion with OFCF (OCF after tax) down 18.2 percent to USD 433.4 million. The operating profit meanwhile increased 11.2 percent to USD 282.5 million. For the full year, revenues dipped 0.6 percent lower to USD 11.541 billion, with OCF off 3.1 percent to USD 4.859 billion, OFCF up 34.5 percent to USD 1.979 billion and the operating profit going 11.2 percent lower to USD 745.5 million.

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UK Environment Secretary out amid cabinet reshuffle

2020-02-13 12:33:00| ThePigSite - Industry News

Theresa Villiers, head of the Department of Environment, Food and Rural Affairs (Defra) has been removed from her post amid a cabinet reshuffle.

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Under Armour monitors supply chain amid coronavirus fallout

2020-02-12 12:03:00| Daily apparel & textile news and comment - from just-style.com

Under Armour is assessing the potential impact of the coronavirus outbreak on its supply chain as the US sportswear brand expects a hit of up to US$60m on first-quarter sales in the APAC region.

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US Shale Gas Investors Brace For Write-downs Amid Price Plunge

2020-02-12 11:10:00| OGI

EQT, the largest U.S. gas producer, recently said it would take a write-down of as much as $1.8 billion, following CNX Resources, Shell and Chevron in reducing the value of gas properties.

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