George W. Bush says he wrote in Condoleezza Rice's name in his 2020 election ballot

Daimler Q1 Profit Surges, Revenue Up 10%

German automaker Daimler AG (DDAIF.PK) Friday posted significantly higher profits for the first quarter, with 10 percent growth in revenue, while it continues to anticipate EBIT and revenues in 2021 to be significantly above last year’s level.

The Group attributed higher results to tailwinds in China, a strong product mix and favorable pricing, supported by industrial performance enhancements and cost control.

For the first quarter, net profit attributable to the shareholders of Daimler AG surged to 4.29 billion euros or 4.01 euro per share from last year’s 94 million euros or 0.09 euro per share.

The Group’s EBIT during the quarter was 5.75 billion euros versus 617 million euros last year. Adjusted EBIT totaled 4.97 billion euros, compared to 719 million euros a year ago.

Revenue for the first quarter rose by 10 percent to 41.0 billion euros from 37.2 billion euros, supported by favorable product mix and pricing.

With regards to the Daimler Truck spin-off, the Group said transaction and the listing on the Frankfurt Stock Exchange are well on track and expected to be complete before year-end 2021.

UK Commercial Property REIT FY EPRA Earnings Declines – Quick Facts

UK Commercial Property REIT Limited (UKCM.L) reported a net loss from ordinary activities before taxation of 10.28 million pounds for the year ended 31 December 2020 compared to profit of 1.69 million pounds, prior year. Loss per share was 0.79 pence compared to profit of 0.13 pence. EPRA earnings per share declined to 2.71 pence from 3.50 pence. EPRA earnings were impacted by bad debt provisions and sales made in the year resulting in reduced income, the company noted.

Fiscal year total income was 25.91 million pounds compared to 35.13 million pounds, previous year.

UK borrows 303 billion pounds in 2020/21 financial year

LONDON, April 23 (Reuters) – Britain’s government borrowed 303.1 billion pounds ($420.1 billion) in the financial year which ended last month, an increase of 246 billion pounds on the previous year as it resorted to a huge surge in spending and tax cuts to offset the economic hit from the COVID-19 pandemic.

Saab Q1 Net Income Rises

Saab (SAABF.PK) reported that its first quarter net income to parent company’s shareholders’ interest increased to 392 million Swedish kronor from 334 million kronor, prior year. Earnings per share was 2.94 kronor compared to 2.50 kronor. EBITDA increased 17% to 1.07 billion kronor, primarily driven by Dynamics, Surveillance and Support and Services.

First quarter sales were 9.09 billion Swedish kronor, an increase of 13 percent from last year. Order intake was up 22% to 5.87 billion kronor, for the quarter.

Telia Company Q1 Profit Down, Backs FY21 Outlook; Stock Down

Shares of Telia Co. AB (0H6X.L,TLSNY.PK) were losing around 2 percent in the morning trading in Sweden after the telecom company reported Friday a decline in first-quarter net income attributable to owners of the parent to 965 million Swedish kronor from last year’s 1.11 billion kronor.

Operating income decreased to 1.82 billion kronor from 2.41 billion kronor a year ago. Adjusted EBITDA declined 0.4 percent to 7.25 billion kronor. On a like -for- like basis, adjusted EBITDA increased 2.2 percent.

Net sales declined 2.7 percent to 21.81 billion kronor from prior year’s 22.43 billion kronor. Like for like net sales remained unchanged.

Service revenues decreased 4.9 percent to 18.75 billion kronor. The company recorded lower roaming revenues due to COVID-19.

Regarding the disposal of Telia Carrier, the company said all necessary approvals have now been received and the transaction will close on June 1, 2021.

Looking ahead for fiscal 2021, the company continues to expect service revenues and adjusted EBITDA, in constant currency and excluding Telia Carrier, to be flat or grow by low single digit.

In Sweden, Telia Company shares were trading at 35.41 krona, down 1.56 percent.

GOP Rep. Lauren Boebert’s Hot Take On Fourth Of July Gets An Icy Reception

Rep. Lauren Boebert (R-Colo.) continues to confuse with her tweets.

The QAnon conspiracy theory-endorsing lawmaker ― whose recent hot takes on mass shootings, April Fools’ Day and freedoms have all backfired ― on Thursday attacked President Joe Biden with a post declaring he “has zero authority to cancel the 4th of July.”

The motivation for Boebert’s bluster was unclear.

Some commenters suggested she was railing against coronavirus restrictions and their possible continued use later into the year.

Others thought she was simply playing up the right-wing talking point about Democrats “taking away” freedoms.

The post did galvanize some of her supporters ― but, on the whole, it was met with widespread mockery:

RELATED…

George W. Bush says he wrote in Condoleezza Rice's name in his 2020 election ballot

  • Former President Bush told People he voted for Condoleezza Rice in the 2020 presidential election.
  • He said he had told Rice, his secretary of state during his second term, about this.
  • That means he didn’t vote for either Donald Trump or Joe Biden.
  • See more stories on Insider’s business page.

Former President George W. Bush told People magazine that he wrote in Condoleezza Rice’s name when voting in the 2020 presidential election.

He said he had told Rice, his former secretary of state, about it too.

“She knows it,” he said. “But she told me she would refuse to accept the office.”

Rice served as Bush’s secretary of state during his second term as president, between 2005 and 2009.

Bush, a Republican, wrote her name instead of voting for Democrat Joe Biden or Republican Donald Trump.

Bush has long been critical of Trump’s presidency, and The New York Times reported last June that Bush would not be supporting Trump’s reelection. Bush was also one of the first high-profile Republicans to congratulate Biden and Vice President Kamala Harris for winning the 2020 election last November.