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Titres en action: Hexo, Rogers Sugar, Alstom, Philips

Titres en action: Hexo, Rogers Sugar, Alstom, Philips

Here is a selection of the ads that have (or will) move the prices of these companies:

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cannabis product Hexa (HEXO.TO, $2.15) Monday the immediate departure of its co-founder and CEO, Sebastian St. Louis. The company explained that the departure of Mr. St. Louis was part of a strategic reorganization. Hexo also announced the resignation of its chief operating officer, Donald Courtney, who will remain in the position until a replacement is found. Mr. St-Louis said building Hexo “from scratch” has been a highlight of his career, and that, as a shareholder, he is looking forward to “the next step in the process. Growth of the company.” Hexow said a special committee responsible for the succession was at an advanced stage in its discussions with a CEO candidate, and that the matter should be made public in the coming days. The company has made several acquisitions this year, including deals to buy Redecan, 48 North Cannabis and Zenabis Global.

An agreement was reached in principle between the management of the Montreal refinery operated by Lantic and the union that represents the majority of its employees. In a brief press release, Rogers Sugar Inc. (RSI.TO, $5.58) explains that the deal is set to go to a vote next week. The Sucre Lantic refinery in Montreal employs approximately 200 union workers. Negotiations to renew the collective agreements between Lantic and its Montreal federations began last winter in anticipation of the expiration, at the end of May, of four collective agreements in force since 2016. The union’s 200 members voted last September by 98%. An indefinite general strike. Benoit Desrosiers, president of the Sucre Lantech-CSN workers union, denounced that for several years, the use of subcontracting had increased dramatically at the plant. Sucre Lantic is one of the largest sugar refineries in Canada. The company owns three factories located in Vancouver, Tapper, Alberta and Montreal.

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the group Alstom (ALO.PA, €31.41) announced on Monday that it had rejected the offer of Belgian group Punch Automotive International to buy its electric bus manufacturing subsidiary Aptis, and ceased activity. “Different analyzes and experiences did not allow to highlight sufficient permanent guarantees for all employees regarding growth and industrial and social enterprises,” the spokesperson added. Employees of Aptis, which employs 141 people, demonstrated Thursday in Strasbourg to express their opposition to a possible takeover by Punch, whose industrial project was deemed “completely unrealistic” by several trade unions. Employees in particular feared they would be assigned short work for the first two years after recovery, which is the time Punch designs its bus model with a new hydrogen engine. Declining the takeover offer “relaxes the employees.

Dutch electronics giant Philips (PHIA.AS, €36.81) on Monday reported a drop in sales in the third quarter, further penalizing the global recall of the defective respirator and problems with the supply chain. In a statement, Philips said revenue fell 7.6% year-on-year in the third quarter to 4.2 billion euros, impacted by “headwinds from global supply chain issues and the consequences of recalls” of defective devices. Thanks to the sale of the home appliance business in March, the group’s net profit rose sharply to nearly 3 billion euros, compared to 340 million euros in the same period last year. In the first quarter, the group already made a provision of 250 million euros for potential risks related to the respirator. The company, which began 100 years ago in manufacturing lamps, recently branched out into the healthcare field and sold the home appliance branch in March.

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