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Carnival manager releases over $ 17m


Sailor Celebrations was broken last year when the plague left its ships unoccupied. The group spent $ 8.9bn (£ 6.4bn) in 2020, as well as a reported loss of $ 1.5bn in the three months to 28 February 2021.

Settling is still a lucrative business – Carnival’s monthly inflation rate reached $ 500m in the first quarter of this year, and is expected to increase to $ 600m in the May quarter.

To keep head above water, the group has been forced to raise $ 23.6bn through debt and pay less from the start of the crisis. I have $ 11.5bn of cash and short money that can be donated, he says he now has enough money next year.

In doing so, CEO Randall Weisenburger recently sold more than $ 17.5m shares on the New York Stock Exchange (NYSE) – where Carnival has a double list – down 46 percent. He lowered the trio at a price of over $ 27, which is a bit lower than the Carnival price of US $ 26.

No reason was given for the high price, and it shows a complete turnaround since last year, when Weisenburger took advantage of the low-cost Carnival’s ‘Corona crunch’ and bought $ 10m in cash at a low price of $ 8 each.

It also contradicts what happens in the market. As the vaccine continues, investors – including the Reddit brigade – expect Carnival to soon begin to take off. Shares rose by fifth this year in London, and by more than a quarter in New York, though they were still relatively small before the outbreak.

Six of the nine Carnival species are expected to resume their maritime activities by the end of the summer, and reserve enough space next year just before they run into problems, indicating a need for funding.

But the most important market in North America is still there because restrictions imposed by the US Centers for Disease Control and Prevention (CDC) mean that travel from US ports will not last until November.

However, the demand for travel will eventually increase – albeit less than air travel – and Carnival is the world’s largest cruise liner. When it comes to a $ 21bn loan debt, it is important to use 1,531p installments to reduce the spread of the epidemic. Move to catch.

As the Covid-19 spread from one area to the next, the game studios were closed and television broadcasters began cutting their costs in the face of a financial crisis.

For the FTSE 100 media giant ITV, the result was a “difficult” year. The group revealed last month that sales fell by 15.9% to $ 2.8bn for the 12 months ending December 31, while profits fell third to $ 325m.

In addition, the team reinforced the challenging strategies that took place in 2020 as they look forward to this year. It expects to contribute about $ 100m of annual revenue between 2019 and 2022, compared to the initial estimate of $ 55-60m. In 2021 alone, ITV expects to save $ 30m.

But despite the epidemic, the changes became apparent as restrictions began to diminish in the summer months. This year, the team said advertising costs is expected to rise between 60-75% in April and most programs are back in the past.

ITV’s annual statistics came a day after the UK released an interview with Oprah Winfrey and the Duke and Duchess of Sussex. The much-anticipated radio station, which is said to have reimbursed ITV £ 1m, attracted nearly 11m listeners – combined with a lucrative location.

Looking back but uncertain, the same streaming the giants are only increasing their appeal, gaining only TV freedom can be a very important tool in ITV’s wars.

In any case, the superintendent of the Duncan Painter seems to have faith in what is coming. He bought 82,087 shares for £ 1.21 except 12 April, worth $ 99,006. The artist was elected in May 2018 and sits on the band’s paid committee.


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