FA Cup replays have been scrapped from the first round proper as the Premier League pledged to put forward an additional £33m to grassroots football
In the past months, the company has been implementing pricing initiatives and strategic sourcing programs to perk up slowing sales in its U.S. automotive segment that was hurt by high costs and other inflationary pressures. It reaffirmed its sales growth forecast of 3% to 5% for the full year. Genuine Parts reported an adjusted profit of $2.22 per share for the quarter ended March 31, beating analysts' estimate of $2.16 per share.
Spanish perfume and fashion company Puig said on Thursday it aims to raise between 2.3 billion euros ($2.46 billion) and 2.9 billion euros in Spain's largest initial public offering in almost a decade. The maker of Paco Rabanne and Carolina Herrera fragrances is offering to sell its shares in the range between 22 euros to 24.5 euros ($23.48-$26.15) per share, according to a document sent to the Spanish stock market regulator. It is offering 1.25 billion euros worth of new shares along with 1.36 billion euros of existing shares through the IPO.