JLR expects a sales volume of 1,60,000 units (excluding China JV) in the second half of the current fiscal year. In the first half of the year, JLR had a sales volume of 147,000 units, implying an expected full-year volume of 310,000 units. This is 40,000-50,000 units lower than the consensus volume forecast reflecting a foregone revenue of around 3 billion pound based on the average selling price of JLR cars.
Wendy’s draws buyout bid as beef costs and burger rivalry weigh on business
Wendy’s shares jump after Nelson Peltz’s Trian Fund Management offers $7.35 per share to take the burger chain private, as the company faces high beef