Kentavious Caldwell-Pope (Los Angeles Lakers) with a deep 3 vs the Dallas Mavericks, 04/22/2021
Kentavious Caldwell-Pope (Los Angeles Lakers) with a deep 3 vs the Dallas Mavericks, 04/22/2021
German container shipper Hapag-Lloyd said on Wednesday it increased its net profit in the first quarter to 1.2 billion euros ($1.45 billion) and kept up its guidance for "clearly higher" full year earnings. "We concluded the first quarter with a very positive financial result and look back overall on a solid start to the year," said Rolf Habben Jansen, chief executive of Hapag-Lloyd, the world's number five container liner. Its net profit had slumped to 25 million euros a year ago as the coronavirus pandemic hit.
Technical problems derailed Japan's coronavirus vaccination booking system on Wednesday, compounding frustration over the government's handling of new outbreaks of infections and an inoculation drive that critics say has been woefully slow. The online system to book a vaccine crashed in many places including parts of Tokyo and the western city of Minoh because of a global problem with U.S. cloud computing vendor Salesforce.com Inc, public broadcaster NHK reported. Salesforce chief technology officer Parker Harris said on Twitter that the company was experiencing a "major disruption", later updating to say services had been mostly restored.
Comedy CentralThe Daily Show host Trevor Noah on Tuesday addressed the recent tensions in the ongoing conflict between Israel and Palestine—as much as could reasonably be done in the time it takes to boil an egg.In recent days, Israeli police clashed with Palestinians at a Jerusalem mosque, nine children were among at least two dozen people killed by Israeli airstrikes, and Gaza militants fired rockets of their own at Israel, killing three.Noah, who acknowledged that there isn’t “any TV show [that] in ten minutes is going to solve [the] Israel-Palestine [problem],” did make some keen observations.For one, as a topic that has perplexed even the world’s best diplomats, it is even harder to unravel if no one can agree on where to begin analyzing it.“If you start from ‘Israel fired rockets into Gaza,’ then Israel is the bad guy, because they’re bombing Gaza,” Noah explained. “But then you take a step back in time, and you go, ‘Well, but Hamas fired rockets at Israel.’ Then Hamas is the bad guy. But then you take a step back, and you go, ‘But the Israeli police went in and started beating people up in a mosque during Ramadan, the most holy time in the Muslim calendar.’ Well then, Israel is the bad guy.”MSNBC Host Challenges Ex-Israel Ambassador on Possible ‘War Crimes’ “And back and back and back, and who knows how far. The first cavemen who hit each other with clubs were probably Israeli and Palestinian. I don’t know.”Noah then pointed out the relative superiority of the Israeli military because of its ability to produce high-end, high-tech weapons (in part thanks to U.S. funding).“I just want to ask an honest question here,” Noah said. “If you are in a fight where the other person cannot beat you, how much should you retaliate when they try to hurt you?”“Everyone has a different answer to the question, and I’m not trying to answer the question, nor do I think I’m smart enough to solve it. All I ask is, when you have this much power, what is your responsibility?”Read more at The Daily Beast.Get our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.
The budget’s affordability measures won’t lower Australia’s house prices. They weren’t designed to. There are ways to make housing cheaper for those locked out of the market, but little political will to let house prices fall
UK singer Dua Lipa won two awards and gave a message to PM Boris Johnson, at the in-person event.
Some 4,000 fans attended the O2 Arena as part of the Government pilot event.
French producer-distributor Newen, a TF1 company, has acquired a minority stake in Spain’s Kubik Films, the ambitious production label owned and operated by filmmaking brothers Alberto and Jorge Sánchez-Cabezudo. It will also serve as the exclusive distribution partner for their future feature film and TV productions. “The arrival of Alberto and Jorge Sánchez-Cabezudo in the […]
A man who attacked a random woman with a kitchen knife while experiencing a relapse of his psychotic disorder was jailed for two years on Wednesday (12 May).
French state-controlled power group EDF said on Wednesday that talks over a restructuring of the company between France and the European Commission remained difficult, as EDF posted higher first quarter sales. The talks between France and the European Commission include the ARENH price mechanism under which competitors can get access to nuclear energy produced by EDF, and as EDF is a state-owned utility, the EU has a say on its reform on competition grounds.
UNITED NATIONS (AP) — The United Nations on Tuesday responded to the rebounding Chinese and U.S. economies by revising its global economic forecast upward to 5.4% growth for 2021, but it warned that surging COVID-19 cases and inadequate availability of vaccines in many countries threaten a broad-based recovery. In raising its projection from January of 4.7% growth, the U.N.’s mid-2021 World Economic Situation and Prospects report pointed to the rapid vaccine rollout in a few large economies led by the U.S. and China and an increase in global trade in merchandise and manufactured goods that has already reached its pre-pandemic level. But the U.N. cautioned that “this will unlikely be sufficient to lift the rest of the world’s economies,” and “the economic outlook for the countries in South Asia, sub-Saharan Africa and Latin America and the Caribbean remains fragile and uncertain.” Lead author Hamid Rashid, chief of the Global Economic Monitoring Branch in the U.N. Department of Economic and Social Affairs, told a news conference that “Europe’s outlook is not as bright as we expected” because of signs of second and third waves of COVID-19 infections. “The key challenge we face in the world right now is that infections are still rising in many parts of the world, and we are seeing new variants and new mutations affecting large populations in South Asia, also in Latin America,” he said. “That poses a significant challenge in terms of the recovery and world economic growth.” Rashid said: “Vaccination is probably right now the number one issue to put the world economy on a steady path of recovery." He noted, however, that "vaccine inequity is a serious challenge.” In normal times, he said, 5.4% would be considered a very high economic growth rate, but this year it is barely offsetting last year’s losses and growth is “very uneven and also very uncertain.” He said the U.N. expects the U.S. economy, which is very strong, to grow about 6.2% this year, “the fastest growth of the U.S. economy since 1966,” and it expects the Chinese economy to grow by about 8.2%. But he called India, Brazil, South Africa and many other developing countries “weak spots." Rashid said that in the past the growth rate of developing countries would be higher than the global average, but this year the average growth rate of many developing countries and regions is lower because of the pandemic. One of the key drivers of economic recovery has been investment, he said, with some countries like the U.S. seeing only a 1.7% drop in investment last year while some developed countries saw investment drop by 4% of GDP or even more. The $16 trillion in stimulus to counter the economic impact of the coronavirus pandemic “was much needed to avoid a complete meltdown of the global economy,” Rashid said, “but that has not led to massive increase in investment.” He warned that the “massive surges in stock market prices globally” are creating “something of a financial stability risk worldwide, and we have to be vigilant about that risk as that could also derail the recovery efforts going forward.” Rashid said the U.N.’s forecast of 5.4% growth this year is far more cautious than other international organizations, including the International Monetary Fund, which last month revised its 2021 projection upward to 6%. “We’re still optimistic about the global economy,” Rashid said, but “there are a lot of uncertainties that we underscored in our report, especially the spread of vaccination and coverage that needs to happen in the next six months to achieve that kind of growth rate that we project here.” For 2022, the U.N. forecast that the global economy will grow by about 4.7% is higher than the IMF’s projection of 4.4%. Edith M. Lederer, The Associated Press
To everyone who matters in Delhi is, their own selves are perhaps the most significant victim of this unfolding catastrophe: the word “us” and “we” have meaning only up to our front door
The laptops might come in seven colour options including blue, yellow, pink, silver, purple and green.
* Dollar index lingers near 2-1/2-month low before CPI data * Euro near 2-1/2-month high as region's outlook improves * Cryptocurrency ether hits new record high at $$4,358.38 * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E By Tom Westbrook and Kevin Buckland SINGAPORE, May 12 (Reuters) - The U.S. dollar hovered near a 2-1/2-month low versus major peers on Wednesday, as traders hung on to bets that the Federal Reserve would remain steadfast in its easy policy settings ahead of data expected to show a sharp rise in annual U.S. inflation. Higher numbers might add pressure on the Fed to bring forward rate rises, a worry which has contributed to a selloff in rate-sensitive tech shares this week. Risk aversion helped a gauge of the safe-haven dollar a fraction higher to 90.278 as selling pressure persisted in stock markets, but that still left the dollar index just above key support around 89.677 and 89.206.
PRESS RELEASE MAISONS DU MONDE FIRST QUARTER 2021: OMNICHANNEL MODEL AND DIFFERENTIATED OFFERING DELIVEROUTSTANDING SALES GROWTH NANTES – 12 May 2021, 07:45 CEST – Maisons du Monde (Euronext Paris: MDM; ISIN: FR0013153541), a European leader in affordable and inspirational household decoration and furniture, today announces its first-quarter 2021 sales. First quarter sales: €331 million: +35.8%1 (+36.6% LFL) Record online sales growth: +76%Very strong store sales growth: +19% Sales well above pre-pandemic levels: +18.1% (+11.9% LFL) vs Q1 2019 Despite uncertain environment, FY guidance fully confirmed Julie Walbaum, Chief Executive Officer, declared: “Maisons du Monde turned in an outstanding performance in the first quarter, providing another clear demonstration of the attractiveness of our brand and strength of our omnichannel model. Sales growth was driven both by an excellent performance by stores that remained opened and record online activity. The latter’s 76% growth was achieved thanks to the success of our own collections and by the continuing promising ramp-up of our selective marketplace. Given this momentum, the Group currently expects to post a solid Q2. At the same time, the H2 environment remains uncertain, given the potential impact of the ongoing pandemic on store activity and supply chain, notably in India. Despite this lack of visibility, our distinctive model and proven ability to execute our strategic priorities allow us to fully confirm our full-year guidance.” First-Quarter 2021 Activity Sales The Group’s first-quarter 2021 sales totaled €331 million, representing an outstanding increase of 35.8% (+36.6% LFL). Growth was driven by the success of collections and high consumer demand for homewares. This performance was aided by a slightly favorable comparable base as sales dropped sharply as of mid-March 2020 due to the initial round of Covid-19 related store closures. 1st quarter 2021 sales were also well above their pre-pandemic level, up 18.1% (+11.9% LFL) versus Q1 2019, reflecting the attractiveness of our sharpened in-house collections and the effectiveness of our increasingly digital model, as well as the expanded store network (+17 stores). By geography, sales in France in Q1 21 rose 42.3% to €181 million while international sales increased 28.6% to €149 million. By product line, decoration sales rose 39.3% and represented 53% of total 1st quarter sales. Furniture sales improved to €155 million, up +32.0% yoy, thanks in large part to the success of our outdoor and sofa offers. Sales of the Maisons du Monde banner rose 36.4% (+36.4% LFL) to €316 million. Modani’s sales of €13.7 million increased 21.6% while Rhinov commissions doubled to €1.2 million. Online sales Online sales leapt by 76.2% (+71.3% vs Q1 2019) to €124 million, representing a record high 37% of total Group sales. This was driven by increasing market share in the fast-growing online market in France, as a combined result of higher traffic and increased conversion rate. Our selective marketplace continues to ramp up and exceed our initial expectations. Sales were also particularly dynamic in Belgium, Germany and Switzerland. Store Sales Total 1st quarter store sales increased by 19.4% although part of the network (c. 15% on average vs c. 20% in Q1 2020) was closed throughout the quarter. 1st quarter French store sales increased by 31%, benefitting from a higher average number of stores open during the quarter (87% in Q1 2021 vs 81% in Q1 2020) and a favorable market dynamic in March, notably on furniture. International sales rose only 6% as all German stores were closed during the quarter, most Swiss stores were closed in January and February, while Belgian and Italian stores gradually closed throughout March. Store Network At 31 March 2021, Maisons du Monde’s global store network stood at 366 stores, compared to 371 at 31 March 2020 and 349 at 31 March 2019. During the 1st quarter of 2021, Maisons du Monde opened its first store in Austria, opened 2 stores in Spain, and one store each in Belgium and Switzerland. During the same period, the Group closed 3 stores in Spain and 5 in France. Total commercial space stayed broadly stable at 433,400 square meters at 31 March 2021. Q1 2021 operational milestones Launch of our 2021 furniture collections, as well as the 2021 Spring/Summer decoration collectionsContinuing ramp-up of our selective marketplaceOpening of our second “Maisons du Monde Hôtel & Suites” in MarseilleBeginning of construction of the new distribution center in northern France. 2021 commercial priorities, current activity and outlook Commercial and operational priorities For the remainder of 2021, the Group’s commercial and operational priorities, while maintaining cost and cash management discipline, are to: Keep strengthening our offering Reinforce our brand proposition and customer proximitySelectively rebuild inventories while proactively managing sourcing constraintsSustain our efforts towards environmental and social responsibilityFurther enhance our omnichannel proposition by preparing for the 2022 launch of our marketplace in the French store network and a second online market. Outlook From 1 April to 11 May 2021, about three-quarters of the European store network, including all stores in France, Belgium and Germany, were closed to the public. All stores, with the exception of those in Germany, are expected to be at least partially open by the end of next week. Q2 online order intake continues to increase, albeit at a lower rate than Q1 due to high comparable base. As a result, the Group currently expects to post a solid Q2. As the global sanitary situation remains uncertain, both in our operating and sourcing countries such as India, visibility on 2nd half activity remains limited. As a result, the Group fully confirms the 2021 guidance provided on 10 March 2021: high single-digit top line growth yoy, with a broadly unchanged number of stores at year-endan improved EBIT margin, increasing by up to 50 basis points vs 2020free cash flow above its 2020 level. Disclaimer: Forward Looking Statement This press release contains certain statements that constitute "forward-looking statements," including but not limited to statements that are predictions of or indicate future events, trends, plans or objectives, based on certain assumptions or which do not directly relate to historical or current facts. Such forward-looking statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the future results expressed, forecasted or implied by such forward- looking statements. Accordingly, no representation is made that any of these statements or forecasts will come to pass or that any forecast results will be achieved. Any forward-looking statements included in this press release speak only as of the date hereof and will not give rise to updates or revision. For a more complete list and description of such risks and uncertainties, refer to Maisons du Monde’s filings with the French Autorité des marchés financiers. ***About Maisons du Monde Maisons du Monde is a creator of inspirational lifestyle universes in the homeware industry, offering distinctive and affordable decoration and furniture collections that showcase multiple styles. The Group develops its business through a complementary omnichannel approach, leveraging its international network of stores, websites and catalogues. The Group was founded in France in 1996 and has expanded profitably across Europe since 2003, reporting sales of €1,182 million and EBITDA of €241 million in 2020. At 31 December 2020, the Group operated 369 stores in 9 countries including France, Belgium, Germany, Italy, Luxembourg, Portugal, Spain, Switzerland and the United States, and derived 47% of its sales outside France. The Group has also built a successful complementary and comprehensive ecommerce platform, whose sales grew by over 30% per year on average between 2010 and 2020. This platform, enriched by the launch of a marketplace in France in November 2020, accounted for 33% of the Group's sales in 2020 and is available in the countries where it operates stores plus Austria, the Netherlands and the United Kingdom. corporate.maisonsdumonde.com ***Financial calendar2 4 June 2021 Annual General Meeting 28 July 2021 1st Half 2021 financial results 27 October 2021 3rd Quarter 2021 sales *** Contacts Investor Relations Press Relations Christopher Welton – +33 7 85 70 71 41 Clémentine Prat – +33 6 08 61 81 12 email@example.com firstname.lastname@example.org Summary of 1st quarter sales (in € million) 1Q21 1Q20 %Change Sales3 330.9 243.7 +35.8% % like-for-like change4 +36.6% -18.8% Maisons du Monde 316.1 231.7 +36.4% % like-for-like change +36.4% -19.3% Modani 13.7 11.3 +21.6% Rhinov 1.1 0.6 +64.1% Sales by distribution channel Stores 207.3 173.5 +19.4% % of sales 62.6% 71.2% Online 123.7 70.2 +76.2% % of sales 37.4% 28.8% Sales by geography France 181.5 127.5 +42.3% % of sales 54.8% 52.3% International 149.5 116.2 +28.6% % of sales 45.2% 47.7% Sales by product category Decoration 175.5 126.0 +39.3% % of sales 53.0% 51.7% Furniture 154.4 117.7 +32.0% % of sales 47.0% 48.3% Historical sales5 (In €m) FY 18 Q1 19 Q2 19 Q3 19 Q4 19 FY 19 Q1 20 Q2 20 Q3 20 Q4 20 FY 20 Q1 21 Sales 1,111.2 280.3 283.7 283.7 377.8 1,225.4 243.7 245.2 321.3 371.9 1,182.1 330.9 Change vs. N-1 +7.4% +9.9% +12.6% +9.2% +9.7% +10.3% -13.1% -13.6% +13.3% -1.5% -3.5% +35.8% LFL Change vs. N-1 +3.1% +2.4% +6.5% +3.0% +2.8% +3.6% -8.3% -16.2% +9.8% -2.2% -6.6% +36.6% Maisons du Monde 1,085.4 271.4 272.4 271.3 365.8 1,181.4 231.7 236.2 308.8 356.1 1,132.2 316.1 Change vs. N-1 +7.4% +6.4% +10.7% +8.0% +9.8% +8.8% -14.6% -13.3% +13.8% -2.3% -4.0% +36.4% LFL Change vs. N-1 +3.1% +2.4% +6.5% +3.0% +2.8% +3.6% -19.3% -15.3% +10.6% -2.6% -6.5% +36.4% Modani 25.9 8.9 11.4 11.9 11.9 44.1 11.3 8.4 11.7 14.9 46.3 13.7 Rhinov - - - 0.5 0.6 1.2 0.7 0.6 0.8 1.0 3.0 1.1 Sales breakdown France 58.3% 55.8% 53.3% 53.4% 56.6% 54.9% 52.3% 50.8% 52.8% 55.4% 53.1% 54.8% International 41.7% 44.2% 46.7% 46.6% 43.4% 45.1% 47.7% 49.2% 47.2% 44.6% 46.9% 45.2% Stores 77.3% 74.2% 73.0% 74.3% 78.7% 75.3% 71.2% 52.7% 71.8% 69.4% 67.0% 62.6% Online 22.7% 25.8% 27.0% 25.7% 21.3% 24.7% 28.8% 47.3% 28.2% 30.6% 33.0% 37.4% Decoration 55.7% 53.2% 48.1% 50.7% 61.6% 54.0% 51.7% 45.3% 55.8% 62.4% 54.9% 53.0% Furniture 44.3% 46.8% 51.9% 49.3% 38.4% 46.0% 48.3% 54.7% 44.2% 37.6% 45.1% 47.0% *** Store network6 (In units) Number of stores at end of: FY 18 Q1 19 Q2 19 Q3 19 Q4 19 FY 19 Q1 20 2Q 20 Q3 20 Q4 20 FY 20 Q1 21 France 221 221 224 227 233 233 228 227 227 228 228 223 Italy 45 45 47 48 48 48 48 48 48 49 49 49 Spain 23 23 24 24 27 27 27 27 27 27 27 26 Belgium 22 21 21 22 24 24 23 23 23 24 24 25 Germany 10 10 10 10 11 11 11 10 10 11 11 11 Switzerland 7 7 8 8 9 9 9 9 9 9 9 10 Luxembourg 3 3 3 3 3 3 3 3 3 3 3 3 Portugal - - 1 1 1 1 1 1 1 1 1 1 Austria - - - - - - - - - - - 1 United Kingdom 4 4 4 4 - - - - - - - - United States (MDM) 1 1 1 1 2 2 2 - - - - - United States (Modani) 13 14 15 16 18 18 19 18 18 17 17 17 Number of stores 349 349 358 364 376 376 371 366 366 369 369 366 Net openings +25 0 +9 +6 +12 +27 -5 -5 0 +3 -7 -3 Sales area (K sqm) 398.4 398.6 408.1 416.7 432.3 432.3 431.3 428.5 429.1 434.6 434.6 433.4 Change (K sqm) +35.2 +0.2 +9.5 +8.6 +15.6 +33.9 -1.0 -2.8 +0.6 +5.5 +2.3 -1.2 Maisons du Monde First-Quarter 2021 ActivityConference Call and Webcast connection details Wednesday, 12 May 2021 at 09:00 CEST Conference Call Join-In details http://emea.directeventreg.com/registration/5560954 Replay Dial-In NumbersAvailable from 12/05/2021 15:00 CEST until 19/05/2021 15:00 CEST Confirmation Code: 5560954 Standard International +44 (0) 333 3009785 Toll-Free: Local Dial: United States +1 (866) 331-1332 France +33 (0)1 70 95 03 48United Kingdom +44 (0) 844 5718951United States +1 (917) 677-7532 Webcast Player URL: https://edge.media-server.com/mmc/p/526tfoc8 1 All percentages in this release are year on year comparisons with the exception of the EBIT margin and percentages of sales in the table on Page 5.2 Indicative timetable.3 Defined as merchandise sales, marketplace commissions, service revenue and commissions less franchise and promotional sales (€1.3 mn in 1Q21, €0.8 mn in 1Q20 and €1.5 mn in 1Q19). 4 Represents the percentage change in sales from the Group’s retail stores, websites and B2B activities, net of product returns between one financial period (Y) and the comparable preceding financial period (Y-1), excluding changes in sales attributable to stores that opened or were closed during either of the comparable periods. Sales attributable to stores that closed temporarily for refurbishment during any of the periods are included. 5 At prevailing exchange rates.6 Excluding franchise stores. Attachment 2021 05 12 1Q21 Activity ENG vDEF
In Q1, the COVID-19 pandemic continued to impact the local communities and brands of Ahold Delhaize, resulting in approximately €150 million spent to support customers, associates and communities with COVID-19 relief care.On a two-year comparable sales growth basis**, comparable sales excluding gas in the U.S. increased 15.5% and in Europe were up 18.1% in Q1 2021, a sequential acceleration versus growth in Q4 2020 of 13.5% and 13.9%, respectively.Net sales were €18.3 billion, up 5.8% in Q1 at constant exchange rates. In the U.S. and Europe, comparable sales excluding gas grew 1.7% and 8.3% in Q1, respectively. Net consumer online sales sequentially accelerated to 103.3% in Q1 at constant exchange rates, including U.S. growth of 188.3% and 78.6% growth in Europe.Underlying operating margin was 4.6%; diluted underlying EPS was €0.54.IFRS-reported operating income was €828 million in Q1; IFRS-reported diluted EPS was €0.53. Raising 2021 underlying EPS and Group net consumer online sales outlook; expect underlying EPS to grow in the low- to mid-teen range versus 2019 and Group net consumer online sales to grow over 40% versus the prior year.**Two-year comparable sales growth is a stack of the comparable sales growth excluding gasoline in the current year period added to the comparable sales growth excluding gasoline in the prior year period. This measure may be helpful to improve the understanding of trends in periods that are affected by variations in prior year growth rates. Zaandam, the Netherlands, May 12, 2021 – Ahold Delhaize, one of the world’s largest food retail groups and a leader in both supermarkets and e-commerce, reports first quarter results today. The interim report for the first quarter 2021 can be viewed and downloaded at www.aholddelhaize.com. Summary of key financial data Ahold Delhaize Group The United States Europe € million, except per share data Q12021 % changeconstantrates Q12021 % changeconstantrates Q12021 % changeconstantrates Net sales 18,264 5.8 % 10,738 3.6 % 7,526 9.4 % Comparable sales growth excl. gas 4.2 % 1.7 % 8.3 % Online sales 1,981 103.9 % 855 188.3 % 1,126 66.9 % Net consumer online sales 2,679 103.3 % 855 188.3 % 1,824 78.6 % Operating income 828 (8.8) % 489 (28.0) % 363 22.3 % Operating margin 4.5 % (0.8) pts 4.6 % (2.0) pts 4.8 % 0.5 pts Underlying operating income 849 (6.1) % 517 (25.0) % 355 25.4 % Underlying operating margin 4.6 % (0.6) pts 4.8 % (1.8) pts 4.7 % 0.6 pts Diluted EPS 0.53 (5.9) % Diluted underlying EPS 0.54 (2.6) % Free cash flow 295 (74.5) % Comments from Frans Muller, President and CEO of Ahold Delhaize "As we pass the one-year mark of the COVID-19 pandemic, its effects continue to have an impact across our geographies. In Q1, our brands, together with our suppliers, remained focused on fulfilling their vital role in society by maintaining food and product supplies to local communities. In addition, our U.S. brands have supported vaccination efforts. I remain thankful for the efforts of associates across all our stores, distribution centers and support offices during these challenging times. Our consistent focus on safety, while at the same time providing great customer service and community support, have helped drive a strong quarter relative to our expectations. Although COVID-19 continues to impact our results, we have now entered a period where our year-over-year growth rates are affected by the lapping of difficult prior year comparisons. "That said, we begin 2021 in a strategically stronger position than before the COVID-19 pandemic began. We remain focused on making additional investments to meet associate, customer and community needs – including approximately €20 million pledged evenly between the U.S. and Europe for charitable donations this year, as well as continued support of health and safety measures, which remains a top priority to enable us to further strengthen our brands' positions as leading local omnichannel retailers. These investments in COVID-19-related care total approximately €150 million, more than double the €70 million incurred in the same quarter last year. "We are pleased with the underlying Q1 performance in both the U.S. and Europe. The two-year comparable sales stack sequentially accelerated in Q1 2021 versus Q4 2020 in both the U.S. and Europe, as we've been able to retain a strong level of underlying consumer demand by continuing to adapt to the enduring consumer behavior changes, including increased working from home, preference for healthy and fresh products, and higher online demand. Our brands were well positioned to satisfy the changing needs and preferences of their customers, many of which were trends already developing prior to COVID-19. As these trends accelerated during COVID-19, our brands have evolved more quickly to adapt. Growth in our leading local omnichannel platform also sequentially accelerated, with nearly 190% net consumer online sales growth in the U.S. and nearly 80% growth in Europe in the quarter, at constant exchange rates. Underlying operating margins were strong in the context of historical levels prior to COVID-19. While COVID-19 continues to create significant uncertainty in 2021, the outstanding Q1 results provide us with the confidence to raise our underlying EPS and Group net consumer online sales growth outlook for the year. "Investing in our business in order to solidify our position as an industry-leading local omnichannel retailer in 2021 and beyond remains a key priority. We continued to build upon several important initiatives to increase our share of the consumer wallet and improve online capabilities, including increasing our online capacity, driven in part by our recently opened U.S. click-and-collect locations; moving forward with the launch of Ship2Me in the U.S., an “endless aisle” offering of over 100,000 general merchandise and food items, in the second half of the year; and rolling out the no-fee home delivery service AH Compact to additional markets in the Netherlands. With increased capacity and strong momentum, we now expect Group net consumer online sales to grow by over 40% in 2021 versus 30% previously. This includes the raised expectations for over 70% growth in U.S. online sales, versus over 60% growth previously, and at least €5.5 billion in net consumer online sales at bol.com, versus at least €5 billion previously. "We also continue to make progress in elevating our Health and Sustainability strategy, and recently announced a new goal for all of our brands to achieve net-zero carbon emissions by 2050. In March, Albert Heijn was voted by consumers as the Netherlands' most sustainable supermarket chain in the Sustainable Brand Index 2021 ranking for the fifth consecutive year. The GIANT Company in the U.S. announced a new partnership with the Rodale Institute in February to develop solutions for the regenerative organic agriculture movement. We also successfully priced our inaugural sustainability-linked bond in March, amounting to €600 million with a term of nine years, linked to achieving targets in reducing food waste and scope 1 and 2 carbon emissions by 2025." Q1 Financial highlights Group highlights Group net sales were €18.3 billion, up 0.3% at actual exchange rates and up 5.8% at constant exchange rates, driven largely by 4.2% comparable sales growth excluding gasoline. Group comparable sales were positively impacted in part by demand related to COVID-19, particularly within Europe. To a lesser extent, comparable sales benefited by approximately 1.3 percentage points from favorable calendar shifts and a weather impact in 2021. On a two-year comparable sales stack basis, growth for the group sequentially accelerated to 16.4% in Q1 2021 versus 13.7% in Q4 2020. Group net consumer online sales grew 103.3% in Q1 at constant exchange rates, aided by the FreshDirect acquisition, which closed on January 5. Group underlying operating margin in Q1 was 4.6%, down 0.6 percentage points from the prior year at constant exchange rates, as margins lapped unusually high levels in the prior year due to COVID-19. Margins in 2020 benefited largely from the timing of unexpectedly higher sales that preceded the timing of significant costs related to COVID-19 in the U.S., an effect which did not recur this year. The group underlying operating margin in Q1 was therefore negatively impacted by COVID-19-related costs of approximately €150 million. Group IFRS-reported operating margin was 4.5% in Q1. Underlying income from continuing operations was €566 million, down 11.9% in the quarter. Ahold Delhaize's IFRS-reported net income in the quarter was €550 million. Diluted EPS was €0.53 and diluted underlying EPS was €0.54, down (8.4)% compared to last year's record Q1 results. Management believes that framing 2021 diluted underlying EPS growth relative to 2019 (prior to COVID-19) provides a helpful context for investors. Therefore, compared to Q1 2019, diluted underlying EPS in the quarter was up approximately 38%. In the quarter, 13.6 million own shares were purchased for €312 million. U.S. highlights U.S. comparable sales excluding gasoline grew 1.7%, positively impacted by demand related to COVID-19, particularly in January and February. To a lesser extent, comparable sales were also favorably impacted by approximately 1.7 percentage points from calendar shifts and a weather impact. This was offset, in part, by a decline in March's comparable sales, which were unfavorably impacted by the lapping of significant consumer stock-up activity related to COVID-19 in 2020, when comparable sales excluding gasoline grew 33.8%. On a two-year comparable sales stack basis for Q1 2021, growth was 15.5%, a sequential acceleration versus the 13.5% growth in Q4 2020. Brand performance was led by Food Lion. Online sales in the segment were up 188.3% in constant currency, driven in part by the aforementioned FreshDirect acquisition. Excluding the FreshDirect acquisition, the U.S. online sales growth rate in Q1 2021 sequentially accelerated to 135.2% growth versus the 128.5% growth Q4 2020. Underlying operating margin in the U.S. was 4.8%, down 1.8 percentage points from the prior year at constant exchange rates, as margins lapped unusually high levels in the prior year due to COVID-19. Margins in 2020 benefited largely from the timing of unexpectedly higher sales that preceded the timing of significant costs related to COVID-19, an effect which did not recur in Q1 2021. Europe highlights Europe's comparable sales excluding gasoline grew 8.3%, positively impacted by demand related to COVID-19, particularly in January and February. To a lesser extent, Q1 comparable sales were favorably impacted by approximately 0.5 percentage points from calendar shifts in 2021. Comparable sales remained positive in March despite the lapping of significant consumer stock-up activity related to COVID-19 in 2020, when comparable sales excluding gasoline grew 15.9%. On a two-year comparable sales stack basis for Q1 2021, growth was 18.1%, a sequential acceleration versus the 13.9% growth in Q4 2020. The strong growth was led by the brands in the Benelux and Czech Republic. Net consumer online sales in the segment were up 78.6% in Q1 2021, a sequential acceleration versus the 73.4% growth in Q4 2020. At bol.com, the online retail platform in the Benelux included within the Europe segment's results, net consumer sales grew by 76.6%, a sequential acceleration versus the 69.6% growth in Q4 2020. Bol.com's sales from third-party sellers grew 101% in the quarter, with nearly 45,000 merchant partners on the platform. Underlying operating margin in Europe was 4.7%, up 0.6 percentage points from the prior year at constant exchange rates. Margin expansion was driven by operating leverage from strong sales growth as a result of COVID-19. Outlook While COVID-19 continues to create significant uncertainty for the remainder of 2021, the strong Q1 results provide management the confidence to raise the underlying EPS growth outlook for the year. As a reminder, COVID-19, and to a lesser extent, a 53-week calendar, significantly distorted Ahold Delhaize's 2020 financial results. Lapping these effects will impact results in 2021, which returns to a 52-week calendar. In 2021, the underlying operating margin outlook of at least 4% is unchanged. This outlook reflects a balanced approach, with cost savings of over €750 million largely offsetting cost pressures related to COVID-19, that are expected to continue (albeit at a lower level than 2020), and the impact from increased online sales penetration. The underlying EPS guidance was raised and now expected to grow in the low- to mid-teen range relative to 2019 versus mid- to high-single-digit growth previously. Management believes that framing 2021 underlying EPS guidance relative to 2019, which was prior to COVID-19 and also on a 52-week calendar, provides a helpful context for investors. The free cash flow outlook is unchanged at approximately €1.6 billion. This puts the Company on track to reach €5.6 billion in cumulative free cash flow from 2019-2021 (averaging nearly €1.9 billion annually), which exceeds the Capital Markets Day 2018 target of €5.4 billion (averaging €1.8 billion annually). Capital expenditure is expected to be around €2.2 billion, and reflects the Company's higher investments in digital and omnichannel capabilities and for improvements related to recent M&A. In addition, Ahold Delhaize remains committed to its dividend policy and share buyback program in 2021, as previously stated. Full-year outlook Underlying operating margin1 Underlying EPS Save for Our Customers Capital expenditures Free cash flow2 Dividend payout ratio3, 4 Share buyback4 Updated outlook 2021 At least 4% Low- to mid-teen growth vs. 2019 > €750 million ~ €2.2 billion ~ €1.6 billion 40-50% year-over-year increase in dividend per share €1 billion Previous outlook 2021 At least 4% Mid- to high-single-digit growth vs. 2019 > €750 million ~ €2.2 billion ~ €1.6 billion 40-50% year-over-year increase in dividend per share €1 billion No significant impact to underlying operating margin from returning to a 52-week calendar versus a 53-week calendar in 2020, though the return to a 52-week calendar will negatively impact net sales for the full year by 1.5-2.0%. Comparable sales growth will be presented on a comparable 52-week basis. Excludes M&A.Calculated as a percentage of underlying income from continuing operations.Management remains committed to the share buyback and dividend program, but given the uncertainty caused by COVID-19, they will continue to monitor macroeconomic developments. The program is also subject to changes in corporate activities, such as material M&A activity. Attachments Ahold Delhaize Q1 2021 Interim report Ahold Delhaize Q1 2021 Press release
Press release Financial Report 1 April 2020–31 March 2021 Fourth quarter (1 January–31 March 2021) Revenue increased by 2 percent to MSEK 1,115 (1,090).EBITA increased by 28 percent to MSEK 73 (57) and the EBITA margin improved to 6.5 percent (5.2).Net profit rose by 43 percent to MSEK 43 (30) and earnings per share rose to SEK 1.60 (1.10). 12 months (1 April 2020–31 March 2021) Revenue increased by 6 percent to MSEK 4,311 (4,060).EBITA increased by 30 percent to MSEK 271 (208) and the EBITA margin improved to 6.3 percent (5.1).Net profit rose by 43 percent to MSEK 166 (116) and earnings per share rose to SEK 6.15 (4.30).Cash flow from operating activities increased to MSEK 383 (222).The Board proposes a dividend of SEK 3.00 per share (1.50). Significant events since the start of the operating year Magnus Söderlind started as President and CEO for Bergman & Beving AB on 1 May 2021. Seven acquisitions were completed, two of which after the end of the period, with total annual revenue of approximately MSEK 150.The COVID-19 pandemic had a variety of effects on operations and demand has varied between segments and regions. Demand for personal protective equipment remained strong, as did demand from construction customers. Demand from industrial customers continued to recover during the quarter. Charlotte Hansson was elected as a new Director at the Annual General Meeting on 26 August 2020.Alexander Wennergren Helm stepped down from his role as Director. CEO’s comments Bergman & Beving continued the positive performance during the fourth quarter. It became our best quarter to date as an independent company both in revenue, operating profit and earnings per share. Revenue increased by 5 percent in local currency, of which 2 percent was organic. Operating profit (EBITA) increased by 28 percent to MSEK 73 and the operating margin improved to 6.5 percent. The operations also delivered a good cash flow. The year as a whole became also a clear step in the right direction for Bergman & Beving. Revenue increased by 9 percent in local currency, of which 5 percent was organic. Operating profit (EBITA) increased by 30 percent to MSEK 271 and the operating margin improved to 6.3 percent. Cash flow from operating activities increased to MSEK 383, or SEK 14.40 per share. We are pleased that we delivered our highest revenue and operating profit to date as an independent company and a record-breaking cash flow. Demand in our main markets was mostly strong during the quarter, with a limited impact from the pandemic. During the year, demand has varied significantly between segments and regions. In general, demand was higher than in the preceding year and many of our units strengthened their market positions, both organically and through acquisitions. Our business areas have successfully handled both the challenges and the opportunities presented by the situation. Our decentralised model, with a large share of responsibility and decision-making taken on by the individual companies, has worked well. All our divisions, led by Building Materials, improved their earnings and operating margins during the quarter. Our largest product companies ESSVE, Guide, Arbesko, Cresto and Teng Tools, posted a positive performance, as did many of our smaller companies. For the full year, the Building Materials and Workplace Safety divisions delivered especially strong performances, with significant earnings improvements. The Tools & Consumables division was negatively affected during the beginning of the year and gradually improved after adjustments were made to adapt to the new market conditions and demand recovered. We increased our rate of acquisitions during the year and completed seven acquisitions. The majority will become new niche profit units, while the two smallest companies were acquired to supplement our proprietary products in currently existing focus areas. The intention is to complete additional value-generating acquisitions going forward and we are in ongoing discussions with several companies of interest. Magnus Söderlind is now taking over as President & CEO, while I will transition to my new role of Executive Vice President and Division Head, Building Materials. Together, we will continue to drive earnings improvements with clear objectives in our companies together with acquisitions of highly profitable companies with strong positions in market niches. After a successful year of progress, Bergman & Beving is a significantly stronger Group with excellent conditions in place to improve both our earnings and our operating margins and that is why I look to the future with great confidence. I would like to conclude by offering my sincere thanks to all our dedicated employees for your many outstanding efforts during the year and welcome our new employees to Bergman & Beving. Stockholm, May 2021 Pontus Boman For further information, please contact:Magnus Söderlind, President & CEO, Tel: +46 10 454 77 00Peter Schön, CFO, Tel: +46 70 339 89 99 This information is information that Bergman & Beving AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 7:45 a.m. CET on 12 May 2021. Bergman & Beving owns and refines companies that develop and market strong brands for professional users in industry and construction, mainly in the Nordic region, the Baltic States and Poland. Bergman & Beving aims to enable successful product companies to take the next step and become leading brands in their categories. The Group currently has some 20 brands, about 1,100 employees and revenue of approximately SEK 4.5 billion. Bergman & Beving is listed on Nasdaq Stockholm. Read more on the company’s website: www.bergmanbeving.com. Attachment 20210512_Bergman_Beving_pressrelease_Bokslutskommuniké_eng
Kim Lopdrup provides industry expertise as Kalera prepares for international expansion and US listing of its sharesORLANDO, Fla., May 12, 2021 (GLOBE NEWSWIRE) -- Kalera (Euronext Growth Oslo ticker KAL, Bloomberg: KSLLF), one of the fastest-growing and largest vertical farming companies in the world and a leader in plant science for producing high-quality produce in controlled environments, today announced that Kim Lopdrup is appointed as new Chairman of Kalera as the company moves towards a US listing. Kim joined Kalera’s Board last year and remains CEO of Red Lobster. This announcement comes on the heels of the news of Kalera’s appointment of Sonny Perdue, former US Secretary of Agriculture, and Maria Sastre to the Board of Directors. Current Chairman, Bjorge Gretland, will continue as a board member in the company. Bjorge became Chairman of the company in 2013 when the company only had a handful of employees. Now, the company has become one of the fastest-growing and largest vertical farming companies in the world with truly pan-US coverage. “We couldn’t be more thrilled to have Kim, a proven titan in the food and restaurant industry, become Chairman of our Board,” said Bjorge Gretland, current Kalera Chairman. “His knowledge and expertise span from securing the highest quality, traceable and sustainable seafood for his vast network of restaurants to leading companies through global expansion. These are skills that are invaluable to Kalera at this time. As Kalera moves towards a US listing of its stock, Kim is extremely well suited to take on the Chairman role.” Kim Lopdrup has been the Chief Executive Officer of Red Lobster, the world’s largest seafood restaurant company, since 2014. Under his leadership, Red Lobster has greatly improved its food, service and technology. All of Red Lobster’s seafood is now traceable, sustainable and responsibly sourced. It has dramatically grown its off-premise sales by adding delivery and Rapid Red Curbside Pick-Up. Red Lobster was recently recognized by Forbes on its 2021 list of America’s Best Large Employers and by Newsweek on its 2021 list of America’s Best Loyalty Programs. Kim was previously President of Specialty Restaurant Group and New Business for Darden Restaurants, where he was responsible for The Capital Grille, Eddie V’s, Seasons 52, Yard House and Bahama Breeze as well as Darden’s international division, consumer packaged goods and M&A. He has also previously served as Chief Operating Officer, North America, for Burger King Corporation and as CEO of the International Division for Dunkin’ Donuts and Baskin-Robbins. “Kalera has a world-class management team and a disruptive technology that allows them to produce the highest-quality produce I have ever tasted in a way that is remarkably clean, sustainable and efficient. It is easy to see why customers get so excited once they try Kalera’s products or tour one of Kalera’s farms,” said Kim Lopdrup. “I am passionate about great food, food safety, nutrition, sustainability, innovation and international growth. Kalera is positioned to excel in all of these areas. I look forward to working with Daniel Malechuk, Kalera’s outstanding CEO, to make the most of these exciting opportunities.” Kim serves on the boards of Wawa, Inc. (since 2006); Red Lobster (since 2014); Bob Evans Restaurants (since 2017) and Kalera (since 2020). He previously served on the boards of Rubio’s Restaurants (including during its IPO), 31 Ice Cream (a Japanese public company) and Hiram Walker & Sons, Ltd. (a Canadian company). He also served on the board of Boys & Girls Clubs of Central Florida for 12 years, being named Board Member of the Year in 2011 and receiving National Service to Youth awards in 2010 and 2015. He is currently co-chair of Project Opioid. Orlando Business Journal named Kim a “CEO of the Year” in 2016. He holds a BBA from The College of William & Mary and an MBA with Distinction from Harvard Business School, where he won the Uhlmann Prize for best agribusiness research in 1984. The appointment of Kim Lopdrup as Chairman of Kalera’s Board of Directors will be presented for approval by Kalera’s shareholders at a general meeting. For further information: Bjørge Gretland, ChairmanEmail: email@example.com About Kalera Kalera is a technology driven vertical farming company with unique growing methods combining optimized nutrients and light recipes, precise environmental controls, and clean room standards to produce safe, highly nutritious, pesticide-free, non-GMO vegetables with consistent high quality and longer shelf life year-round. The company’s high-yield, automated, data-driven hydroponic production facilities have been designed for rapid rollout with industry-leading payback times to grow vegetables faster, cleaner, at a lower cost, and with less environmental impact. To learn more visit www.Kalera.com. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
CLEVELAND (AP) — Shane Bieber pitched out of some early trouble before extending his strikeout record and César Hernández hit a two-run homer, sending the Cleveland Indians to a 3-2 win over the Chicago Cubs on Tuesday night. Bieber (4-2) struck out eight and has now fanned at least that many in 20 consecutive starts, a major league mark he builds on every time out. The right-hander’s streak was in jeopardy, but he got Nick Martini for strikeout No. 8 in the seventh. The reigning AL Cy Young Award winner wasn’t as sharp as usual and needed a career-high 121 pitches to go 6 2/3 innings. James Karinchak finished the seventh for Bieber and worked the eighth. Emmanuel Clase gave up two singles in the ninth, but got Matt Duffy to bounce into a game-ending double play for his seventh save. Hernández homered in the fifth off Adbert Alzolay (1-3), who matched Bieber for six innings. ASTROS 5, ANGELS 1 HOUSTON (AP) — Shohei Ohtani struck out 10 in an impressive duel with Lance McCullers Jr., and Houston broke loose against the Los Angeles bullpen. Ohtani allowed one run and four hits with one walk in seven innings, his longest start of the season. The two-way star then moved to play right field, and Yuli Gurriel homered during Houston’s four-run eighth. Ohtani batted second and went 1 for 4, striking out twice. McCullers (3-1) yielded three hits, including a homer by Taylor Ward, while tying a season high with nine strikeouts in going eight innings, his longest start this season. He walked two. Angels reliever Aaron Slegers (2-1) took the loss after Michael Brantley drove in the go-ahead run off Alex Claudio. PADRES 8, ROCKIES 1 DENVER (AP) — Manny Machado homered and tripled to drive in five runs, helping to make up for the absence of star shortstop Fernando Tatis Jr. and several other teammates as San Diego beat Colorado. Tatis and outfielder Wil Myers have tested positive for COVID-19, while first baseman Eric Hosmer and two backups are now out for contact tracing, leaving the Padres shorthanded at Coors Field. Hosmer and Myers both were pulled out in the middle of the game. Padres manager Jayce Tingler said he hoped the fallout from the virus would stop and anticipated San Diego could play a doubleheader as scheduled Wednesday against the Rockies. Tatis was put on the injured list. The Padres also were missing utility players Jurickson Profar and Jorge Mateo, who went on the IL as part of baseball’s contact tracing health and safety protocols. Myers crashed into the right-field wall in the first inning while catching Garrett Hampson’s deep fly ball. Machado hit a two-run drive off Antonio Senzatela (1-4) in the fifth. Miguel Diaz (1-0) tossed three innings of scoreless relief. DODGERS 6, MARINERS 4 LOS ANGELES (AP) — Gavin Lux hit a dramatic three-run homer in the eighth inning, and the struggling Los Angeles Dodgers rallied late to beat Seattle. Lux's first homer of the season came off Rafael Montero (3-2) and helped the defending World Series champions open a nine-game homestand with just their sixth win in 21 games. Corey Seager had a two-run single in the seventh for the Dodgers, and Max Muncy hit an early homer as they fell behind 4-1. Mitch Haniger hit two solo homers and Kyle Seager added a two-run shot for the Mariners, who have lost three straight on their five-game road trip. Garrett Cleavinger (1-3) pitched a perfect eighth for his first major league win. Kenley Jansen worked a flawless ninth for his sixth save. Seattle couldn’t capitalize on a strong start by Yusei Kikuchi, who racked up a career-best 11 strikeouts while pitching into the seventh inning. METS 3, ORIOLES 2 NEW YORK (AP) — Patrick Mazeika got his second walkoff RBI in four career games with a fielder’s choice grounder in the ninth inning, helping banged-up New York rally to beat Baltimore. The Mets have won six straight. Baltimore led 2-1 entering the ninth after John Means outdueled Marcus Stroman in his first start since throwing a no-hitter last week. Mazeika pinch hit in the pitcher’s spot with two on and one out against closer César Valdez and hit a grounder that scored Jonathan Villar. Valdez (2-1) blew his third save in 11 chances. Jeurys Familia (1-0) dodged trouble in the eighth and got the win. ATHLETICS 3, RED SOX 2 BOSTON (AP) — Chris Bassitt struck out a season-high 10 over seven effective innings and Oakland beat Boston. Matt Chapman and Elvis Andrus hit RBI singles for the A’s in the seventh inning as Oakland broke a 1-all tie. Matt Olson also had an RBI single for the A’s. Bassitt (3-2) allowed three hits and two runs. Darwinzon Hernandez (0-2) relieved Nathan Eovaldi in the seventh and took the loss. Yusmeiro Petit pitched a scoreless eighth and Jake Diekman got his fourth save despite walking two batters in the ninth. DIAMONDBACKS 11, MARLINS 3 PHOENIX (AP) — Madison Bumgarner threw seven shutout innings, Asdrúbal Cabrera had four hits including a three-run homer, and Arizona beat Miami. Bumgarner (4-2) gave up just four hits that all came in different innings. He added a sacrifice fly at the plate for his first RBI of the season. The Diamondbacks broke the game open in the fifth when they sent 11 batters to the plate, scored five runs and pushed to a 6-0 lead. That chased starter Pablo López (0-3), who gave up six earned runs over 4 1/3 innings. YANKEES 3, RAYS 1 ST. PETERSBURG, Fla. (AP) — Jordan Montgomery pitched six strong innings, Aaron Judge and Gary Sánchez homered, and New York beat Tampa Bay for the second time in seven games this season. New York slugger Luke Voit went 0 for 3 in his first game this season. He had knee surgery on March 29. Montgomery (2-1) gave up one run, two hits, walked one and tied a career high with nine strikeouts. After Jonathan Loaisiga worked two innings, Aroldis Chapman got three outs to get his eighth save and complete a three-hitter. Judge started in right field after being rested Sunday and hit a first-pitch, first-inning solo homer off Luis Patiño (1-1). GIANTS 4, RANGERS 2 SAN FRANCISCO (AP) — Logan Webb set a career high with 10 strikeouts in six innings and San Francisco beat Texas. Swept in the two-game series, Texas dropped to 0-5 against NL opponents this year. Mike Yastrzemski and Brandon Belt drove in runs for San Francisco. Webb (2-3) allowed two runs and three hits to earn his first win in his last three starts. Jake McGee pitched a perfect ninth inning for his 10th save. Jordan Lyles (1-3) gave up two runs in five innings, striking out six. CARDINALS 6, BREWERS 1, 11 INNINGS MILWAUKEE (AP) — Paul Goldschmidt and Tyler O’Neill homered off Brad Boxberger in the 11th inning and St. Louis beat Milwaukee for its fourth straight victory. Goldschmidt broke a 1-all tie when he sent the first pitch he saw from Boxberger (0-1) well over the wall in left-center field for a two-run blast. O'Neill followed later with a three-run shot. St. Louis has won 10 of its last 12 and is tied with San Francisco for the best record in the majors. The Brewers wasted a brilliant effort from starter Freddy Peralta, who struck out eight and gave up just one hit and one walk in seven shutout innings. Cardinals reliever Alex Reyes (2-0) pitched two scoreless innings, wiggling out of trouble both times. BLUE JAYS 5, BRAVES 3 ATLANTA (AP) — Vladimir Guerrero Jr. homered and Toronto took advantage of Atlanta's indecisive fielding in the eighth inning to rally past the Braves. Guerrero had three hits, including a tying single in a three-run eighth. Ronald Acuña Jr. hit his major league-leading 11th homer for Atlanta. Marcell Ozuna also connected. Toronto trailed 3-2 when Jonathan Davis led off the eighth with a double. Marcus Semien followed with a weak grounder to reliever A.J. Minter (1-1), who turned, hesitated and then threw too late to try to catch Davis returning to second base. First baseman Freddie Freeman also hesitated on a grounder later in the inning. Trent Thornton (1-0) pitched a scoreless seventh. Jordan Romano survived a stressful ninth to earn his first save. PHILLIES 6, NATIONALS 2 WASHINGTON (AP) — Bryce Harper treated heckling fans to a long home run, Andrew Knapp delivered a key pinch-hit in place of injured catcher J.T. Realmuto and Philadelphia beat Washington. Realmuto was hit in the left knee by Josh Bell’s foul ball in the seventh inning. Trea Turner homered for Washington, which has dropped six of seven. Chase Anderson (2-3) retired 15 of 16 after yielding two hits to begin the game. Erick Fedde (2-4) threw only one perfect inning — his last — while making it through five. He surrendered five hits, three walks and three runs and struck out five. PIRATES 7, REDS 2 PITTSBURGH (AP) — Troy Stokes Jr. drove in runs with each of his first two major league hits, JT Brubaker pitched six strong innings and Pittsburgh beat Cincinnati. Two days after making his debut, Stokes hit an RBI single in the fourth inning. The right fielder also doubled in a run in the eighth. Brubaker (3-2) allowed one run on five hits to win for the first time in four starts. He had four strikeouts and one walk. The Pirates had lost eight straight games to the Reds. Jeff Hoffman (2-3) lasted four innings, giving up three runs and four hits. TIGERS 8, ROYALS 7 DETROIT (AP) — Robbie Grossman singled home the winning run in the bottom of the ninth inning and Detroit, after squandering a seven-run lead late, recovered to beat skidding Kansas City. Grossman had five RBIs for the first time in his career, sending the Royals to their ninth straight loss. He ripped a two-out single off Scott Barlow (1-1) in the ninth to score Niko Goodrum. The major league-worst Tigers led 7-0 with two outs in the eighth. But then Jorge Soler homered and drove in six runs over the final two innings as Kansas City rallied to spoil a great start by Matthew Boyd. The left-hander pitched six scoreless innings for Detroit, striking out five and walking two. Gregory Soto (3-1) got one out after Jose Cisnero allowed three runs in the top of the ninth. WHITE SOX 9, TWINS 3 CHICAGO (AP) — José Abreu hit a tiebreaking two-run homer in the sixth inning and Chicago beat Minnesota for its fourth straight win. Abreu went deep to left center on the first pitch he saw from Jorge Alcala (0-1) for his seventh homer. Yasmani Grandal lofted a three-run homer in the second for first-place Chicago. Garrett Crochet (1-2), the second of five Chicago relievers, worked two-thirds of an inning for his first career win. ___ More AP MLB: https://apnews.com/hub/mlb and https://twitter.com/AP_Sports The Associated Press
BOSTON (AP) — Tyler Herro scored 24 points and the Miami Heat clinched a playoff spot and sent the Boston Celtics to the brink of the play-in tournament Tuesday night with a 129-121 victory. Miami moved into a tie with idle Atlanta for fifth place in the Eastern Conference. The surging Heat won for the 10th time in 13 games. They have three games left in the regular season. Bam Adebayo and Duncan Robinson each scored 22 points, Kendrick Nunn had 18 and Goran Dragic 17 for the Heat. They swept the two-game series in Boston. Kemba Walker led the Celtics in their regular-season home finale with 36 points. Jayson Tatum scored 33 and Evan Fournier 20. Boston has lost seven of 10. LAKERS 101, KNICKS 99, OT LOS ANGELES (AP) — Talen Horton-Tucker made the go-ahead 3-pointer with 21.1 seconds remaining in overtime, and Los Angeles improved its hopes of avoiding the play-in tournament and prevented New York from clinching a postseason berth. Horton-Tucker scored seven of his 13 points in overtime. Kyle Kuzma, who missed Sunday’s game due to lower back tightness, led the Lakers with 23 points and Anthony Davis scored 20. Los Angeles (39-30) is one game behind Portland and Dallas for the sixth seed in the Western Conference with three games remaining in the regular season. Julius Randle had 31 points and Derrick Rose 27 for the Knicks, who were hoping to clinch their first postseason berth since 2013 with a victory. New York, Atlanta and Miami are all tied at 38-31, but only the Heat have secured their spot in the top six of the Eastern Conference. WARRIORS 122, SUNS 116 SAN FRANCISCO (AP) — Jordan Poole hit a go-ahead 3-pointer with 1:43 left, Andrew Wiggins scored the next time down and finished with 38 points and Golden State rallied past Phoenix. Draymond Green notched his sixth triple-double of the season and 29th of his career with 11 points, 11 assists and 10 rebounds as the Warriors made it two wins in as many nights against two top teams in the Western Conference. Stephen Curry made a 9-foot jumper with 45 seconds left while falling to the floor, a bright finish to his 21-point performance on another tough outing for him shooting 3-pointers. Devin Booker scored 34 points and knocked down a key 3-pointer with 5:25 left for Phoenix and Paul added 24 points, but the Warriors delivered all the key plays down the stretch. NUGGETS 117, HORNETS 112 CHARLOTTE, N.C. (AP) — Michael Porter Jr. and Nikola Jokic each scored 30 points, and Denver held off Charlotte to snap a two-game slide. Jokic had 11 rebounds and six assists. Porter knocked down six 3-pointers as the Nuggets withstood a furious late rally led by Devonte Graham, who scored 19 of his 31 points in the fourth quarter, including five 3-pointers. Jokic did most of his damage at the foul line, where he made 16 of 17 shots. Terry Rozier, who had 43 points in Sunday’s loss to the New Orleans Pelicans, added 21 points for the Hornets, who are assured a spot in the play-in tournament. GRIZZLIES 133, MAVERICKS 104 MEMPHIS, TENN. (AP) — Ja Morant had 24 points, eight assists and seven rebounds as Memphis used a third-quarter burst to beat Dallas. Dillon Brooks added 22 points and John Konchar had a season-high 18 for the Grizzlies. Kyle Anderson scored 15 points, including 10 in the key third quarter as Memphis continues to try and move up in the Western Conference standings. Tim Hardaway Jr. led the Mavericks with 19 points, while Willie Cauley-Stein finished with a season-high 16 points. Jalen Brunson scored 15, while leading scorer Luka Doncic managed 12 points but was 4 of 16 from the floor and missed all four of his 3-point attempts. NETS 115, BULLS 107 CHICAGO (AP) — Kevin Durant had 21 points and eight assists, and Brooklyn beat Chicago despite Zach LaVine’s 41 points. Joe Harris added 17 points and Bruce Brown had 15 as Brooklyn won its second straight after a four-game slide. Chicago had its three-game winning streak — and probably its postseason hopes — end. Brooklyn lost guard Kyrie Irving to an apparent facial injury early in the second half. PACERS 103, 76ERS 94 INDIANAPOLIS (AP) — Domantas Sabonis had his ninth triple-double of the season and Caris LeVert added 24 points to help Indiana rally past Philadelphia, ending the 76ers’ eight-game winning streak. Sabonis finished with 16 points, 13 rebounds and 15 assists as Indiana won for the third time in four games and clinched a spot in the play-in round. Philadelphia’s season-best winning streak was snapped and it prevented the 76ers from clinching the top seed in the Eastern Conference for the first time since 2000-01. A win or losses by the Milwaukee Bucks or Brooklyn Nets would have wrapped it up. Instead, Tobias Harris scored 27 points and Ben Simmons finished with 23 as Joel Embiid sat out with a non-COVID-19 related illness. CLIPPERS 115, RAPTORS 96 TAMPA, FLA. (AP) — Kawhi Leonard scored 20 points, Paul George added 16 and Los Angeles led all the way in a win over Toronto. Terance Mann also scored 20 points and Ivica Zubac had 18 points and 10 rebounds for the Clippers, who stayed one game ahead of the Denver Nuggets in the race for third place in the NBA’s Western Conference. Both teams have three road games left to play. The Nuggets hold the tiebreaker, having won two of three against the Clippers. Chris Boucher had 16 points and seven rebounds for the Raptors, who lost for the seventh time in eight games. BUCKS 114, MAGIC 102 MILWAUKEE (AP) — Giannis Antetokounmpo scored 27 points and Milwaukee kept up its chase of the No. 2 seed in the Eastern Conference with a victory over Orlando. The Bucks (44-25) remained a game behind Brooklyn (45-24) for the second spot in the East. The Nets defeated Chicago 115-107 on Tuesday night. Milwaukee, which holds the tiebreaker over the Nets, plays two of its final three games on the road, while Brooklyn finishes with three at home. Brooklyn is two games behind Philadelphia, which lost at Indiana. Donte DiVincenzo added 19, Brook Lopez 17 and Jrue Holiday 15 for the Bucks, coming off a 146-125 loss at San Antonio on Monday. Bobby Portis had 10 points and 15 rebounds. Cole Anthony had 18 points and Mo Wagner 17 for the Magic. KINGS 122, THUNDER 106 SACRAMENTO, Calif. (AP) — Terence Davis matched his season high with 27 points, Buddy Hield had 21 and Sacramento beat Oklahoma City to keep its slim playoff hopes alive. Delon Wright added 21 points and eight assists for the Kings. Richaun Holmes had 13 points and seven rebounds. Maurice Harkless scored 15 points. Sacramento (31-38) has won five of six to close within 2 ½ games of San Antonio (33-35) for the final play-in spot in the Western Conference. To get in, the Kings must win their final three games and get help from other teams to leapfrog the Spurs and New Orleans Pelicans. TIMBERWOLVES 119, PISTONS 100 DETROIT (AP) — Karl-Anthony Towns scored 28 points and Anthony Edwards added 22 as Minnesota beat undermanned Detroit in a game with significant lottery implications. Minnesota’s second straight win was its 22nd in 69 games, while the Pistons dropped to 20-50. The Houston Rockets (16-53) are the only team with fewer wins than Detroit. Ricky Rubio added 19 points for Minnesota while DeAngelo Russell had 15 points and 10 assists. Saddiq Bey scored 21 points and Saben Lee added 20 for Detroit, which lost for the 10th time in 12 games. The Associated Press
CANBERRA, Australia (AP) — A Chinese-born political adviser on Wednesday lost his challenge in Australia’s highest court against laws banning covert foreign interference in domestic politics. John Shi Sheng Zhang also lost his High Court challenge in a unanimous decision of seven judges to the validity of search warrants executed by police at his Sydney home and offices last year as part of an investigation into illegal foreign interference on behalf of China. Zhang was an adviser to New South Wales state lawmaker Shaoquett Moselmane, whose membership in the opposition Labor Party was suspended after he was also the target of police raids. The raids in June 2020 were the first police investigation to grab public attention since the foreign interference laws came into force in 2018 and the government bolstered funding to security agencies in late 2019 to enforce them. Chen Hong, director of East China Normal University’s Australian Studies Center, wrote in the Global Times, a Chinese Communist Party English-language, after the raids that Moselmane “unfortunately fell prey to the anti-China hysteria in Australia.” Zhang, a 63-year-old Australian citizen who immigrated from China in 1989, had asked the High Court to rule the foreign interference laws were invalid because they infringed on his freedom of political communication implied in the Australian Constitution. He had also asked the court to quash the search warrants and to order that evidence seized or copied by police be returned or destroyed. His case argued the foreign interference law was invalid and that the warrant did not precisely identify the substance of the offenses. Police seized phones, computers and other electronic devices from Zhang. The warrants allege that Zhang engaged with Moselmane “through a private social media chat group and other fora ... to advance the interests and policy goals of a foreign principal,” the Chinese government. Part of the conduct was “covert” because it involved communications over an encrypted private social media chat group, the warrants said. Lawyers for Attorney General Michaelia Cash had argued in court that “covert” could be read as “involving some element of nefarious concealment or secrecy.” The law made it illegal to engage in conduct on behalf of “a foreign principal” in circumstances where the accused person is ”reckless” as to whether the conduct will influence political or governmental process or democracy in Australia and if any part of the conduct is covert. The offense carries a potential maximum penalty of 15 years in prison. The court upheld the charge and rejected Zhang’s argument that the warrants were invalid because the foreign principal’s identity was unclear. Cash said her government had never been more determined to keep Australians free and safe from foreign interference. “The government takes the threat of foreign interference very seriously and welcomes the High Court’s judgment,” she said. “We will continue to take strong action to deter acts of foreign interference as the threat evolves, defend against them when they occur, and uphold our laws,” she added. Australian Federal Police said its investigation was continuing. Zhang’s lawyers did not immediately respond to a request for comment. Rod Mcguirk, The Associated Press