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FWD Launches Petition To Save Wholesale Sector From Collapse - Vimarsana News

FWD Launches Petition To Save Wholesale Sector From Collapse

17th February 2021 The Federation of Wholesale Distributors (FWD) has launched a petition asking the Government to offer food & drink wholesalers bespoke financial support in order to save them from collapse in the coming months. The petition reads: “Food and drink wholesalers are crucial to supplying hospitals, care homes and schools and are a lifeline for vulnerable communities. They are also integral to the post-pandemic economic restart. Despite this, they have been excluded from much Government support and face sector-wide closures.” It is the latest attempts by the trade associatio...

Stanley Black & Decker profit more than doubles to handily beat estimates - Vimarsana News

Stanley Black & Decker profit more than doubles to handily beat estimates

Stanley Black & Decker profit more than doubles to handily beat estimates Stanley Black & Decker Inc. posted better-than-expected earnings for the fourth quarter, as profit more than doubled from the year-earlier period despite the challenges created by the pandemic. The New Britain, Conn.-based tool maker said it had net income of $458.0 million, or $2.88 a share, in the quarter, up from $199.1 million, or $1.32 a share, in the year-earlier period. Adjusted per-share earnings came to $3.29, well ahead of the $3.03 FactSet consensus. Revenue rose to $4.408 billion from $3.714 billion, also ah...