Loblaanair moves to counter the narrative of “food profitability”, but experts say it may not be enough-BNN Bloomberg

Loblaanair moves to counter the narrative of "food profitability", but experts say it may not be enough-BNN Bloomberg

Lobla Finance Companies Ltd. it appears to be taking efforts to defend its brand against accusations of profiteering from higher prices, but experts say the communications moves may be “too little, too late,” now more than a year into growing customer frustration with high grocery costs. In an earnings announcement on Wednesday, the company noted … Read more

Tc Energy splitting into two companies by breaking away from juice business-BNN Bloomberg

Tc Energy splitting into two companies by breaking away from juice business-BNN Bloomberg

Tc Energy Corp. it has announced plans to split into two separate companies by severing its crude oil pipeline business. The Calgary — based pipeline giant made the announcement-which it called “transformative” – after the close of markets on Thursday, a day before its scheduled conference call to discuss the company’s second-quarter earnings. According to … Read more

Microsoft posts lukewarm sales growth as cloud business slows-BNN Bloomberg

Microsoft posts lukewarm sales growth as cloud business slows-BNN Bloomberg

Microsoft Corp. it reported tepid fourth-quarter sales growth, hampered by slowing demand for cloud-computing services as the software maker expects a rise in revenue from new products powered by artificial intelligence. Profit in the period ended June 30 was US $ 2.69 per share and sales rose 8 per cent to US $ 56.2 billion, … Read more