Casual Friday: My Food Bag to deliver its first dividend; Alibaba’s results miss the mark; CVS to shut 900 stores.

Recap

English - November 19, 2021 03:37 - 18 minutes - 25.2 MB - ★★★★★ - 2 ratings
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Previous Episode: Nvidia’s ‘outstanding’ quarter; Sanford’s pandemic-impacted profits; AFT Pharmaceuticals eyes up the US.

Next Episode: Ford and Rivian cancel their EV plans; Refining NZ confirms Marsden Point will be import only; Kiwi Property Group increases its half year profit.

My Food Bag (MFB) delivers its first half year results with record earnings. E-commerce giant Alibaba’s (BABA) latest results miss expectations as the company faces slowing Chinese economic growth, a changing regulatory environment, and increased competition. US pharmacy chain CVS (CVS) plans to close 900 stores over three years.

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