Articles by James Calloway
Loto-Québec Profit Climbs 3.6% on Casino Strength
Loto-Québec's fiscal first-quarter profit rose 3.6% to C$398.1 million, powered by strong casino attendance, while revenue grew 2.1% to C$782.6 million.
Overbrook Fire Coverage Highlights Bell Media's Local Reach as BCE Margins Tighten
Bell Media's Q2 revenue rose 8.9% to C$918M, but margin slipped to 26.6% due to higher costs. The Overbrook fire report highlights local news' role in BCE's digital shift.
Stingray Radio Revenue Dips 6.5% in Fiscal Q1; VOCM Parent Sees Ad Weakness
Stingray Group's radio revenue fell 6.5% in fiscal Q1 to C$32.0M, with local ad sales weak. VOCM parent's stock slipped 2.9% to C$15.19.
Wix Shares Dip 1.8% as AI Cost Savings Fuel User Acquisition Push
Wix stock declined 1.8% on Friday, with investors weighing the company's plan to reinvest AI cost savings into user acquisition rather than immediate profit.
Buc-ee's and Mickey's Settle Trademark Dispute; $850K Award Was Separate Case
Buc-ee's and Mickey's parent Coles IP settled their trademark dispute confidentially on Sept. 15. The widely cited $850,000 award belongs to a separate case, and no financial terms were disclosed.
BetMGM's $1,500 Bonus Bets: Sports Revenue Stalls
BetMGM's new-customer promotion offers up to $1,500 in bonus bets, but Q2 sports revenue was flat. Parent stocks dipped, and the offer may not boost profitability.
Revolut Ransom Deadline Passes: Breach Impact Limited but Trust at Stake
Revolut's $3M ransom deadline passed without confirmed payment or data sale. The breach, affecting ~680 customers, involved phishing via a government domain, not a core system hack.
News Corp's News.com.au Draws 12M Users but Profit Remains Hidden
News Corp's news.com.au sees 12M monthly users, but standalone revenue and profit are not disclosed. News Media segment EBITDA margin drops to 6.2%.
Mondelez Bets Big on Oreo's $5B Franchise with 2027 Global Relaunch
Mondelez International plans a 2027 global Oreo relaunch covering packaging, pricing, and recipes. Oreo nears $5 billion in sales, representing about 13% of company revenue.
Costco's Q4 Test: Traffic Data, Not Food-Court Speculation, Will Drive Stock
Costco hasn't confirmed its returning food-court item, but investors shouldn't focus on menu speculation. The real test is Q4 earnings, with traffic and membership data due Sept. 24.
UK Chancellor Pushes for British Access to EU 'Made in Europe' Rules
UK Chancellor John Healey will urge EU finance ministers to include British factories in 'Made in Europe' procurement rules, a move that could affect automakers like BMW, Nissan, and Tata Motors.
UK Budget Review Threatens Holiday-Let Business Rates Relief
The UK Treasury is reviewing holiday-let tax rules, with potential reclassification to second homes threatening business rates relief ahead of the October 28 Budget.