EDM raises funds for cancer charity

EDM, a global provider of training simulators to the civil aviation and defence sectors, has raised hundreds of pounds for Macmillan´s World´s Biggest Coffee Morning, which provides medical, emotional and financial support to those affected by cancer, the company said.

Held on 30 September, the EDM canteen was transformed into a coffee shop for the day as staff demonstrated their baking skills with a selection of cakes and other treats. After the day´s donations were totaled up, a sum of BPS400 had been raised for Macmillan.

In 2016, EDM has raised hundreds of pounds for Macmillan from other initiatives including another cake sale and the auctioning of a signed Manchester United football shirt.

EDM provides airlines with door trainers, cabin service trainers, cabin emergency evacuation trainers and full-size mockups, and provides defence organisations with procedure trainers, maintenance trainers, ejection seats, simulators and full-size replicas.

UK businesses planning to put the brakes on investment

UK businesses are planning to scale back their investment in response to the post-referendum uncertainty about future demand and the weaker pound pushing up costs, according to two reports released on Monday.

Manufacturers’ organisation the EEF said that the EEF/Santander Investment Monitor, conducted in March and again in August to assess any impact from the Brexit vote, shows that investment by UK manufacturers remains stable in the short term. But over the next two years 60% of manufacturers are planning to spend the same or less on plant and machinery, up from 54% in 2015 and 51% in 2014.

The proportion of manufacturers spending a higher percentage of their business turnover - 25% or more - has also fallen by half, to 5% in 2016 from 10% back in 2014.

Lee Hopley, chief economist at the EEF, commented:

“Fears of an immediate collapse in business investment appear to be unfounded for now. UK manufacturers have been investing at a healthy pace in recent years and while that rate of increase wasn’t going to continue forever, keeping up with customer needs and the competition is ensuring that investment stays on track for many.

“But, the spike in political risk should not go unnoticed. There is caution amongst businesses, which will inevitably make it more difficult to get big decisions across the line. It’s over to the Autumn Statement now to press ahead with policies that further enhance the UK business environment for spending on modern machinery and increasingly important intangible investment.”

The Institute of Chartered Accountants in England and Wales (ICAEW) also called for Chancellor Philip Hammond to “give businesses more reasons to be optimistic” in the Autumn Statement.

The latest ICAEW UK Business Confidence Monitor (BCM) showed that firms are preparing for a slowdown in profit growth and domestic sales in the next 12 months.

Exports are expected to accelerate thanks to the decrease in sterling, but overall the share of businesses that feel less confident about their economic prospects over the next 12 months remains greater than the share of those expecting conditions to improve.

Michael Izza, ICAEW chief executive, said:

“The Chancellor should be under no illusion at the pressure UK businesses are experiencing. Inflationary burdens are pushing up costs but companies know that customers will not accept higher prices. As a result, businesses are planning on slowing investment, taking on new staff and Research and Development in 2017. Sluggish growth means a slowdown in tax and VAT revenues so Government will need to start acting more like a business and utilising every asset it has to ensure the best return.”

Kalitta Air backs out of tentative agreement that would help airline attract pilots

Kalitta Air, LLC, the Ypsilanti, Michigan-based cargo airline, has backed out of its tentative agreement with pilots and their union that could have ended six years of prolonged contract negotiations and helped the airline attract and retain pilots, the company said.

Kalitta Air operates a fleet of Boeing 747 aircraft in support of the global network of DHL Express, a division of the German logistics company, Deutsche Post DHL. The International Brotherhood of Teamsters, airline division, local 1224 represents the pilot group.

With the assistance of the National Mediation Board, the Teamsters and Kalitta Air reached a tentative agreement on September 29, 2016. Representatives of the two sides met in Ypsilanti to proofread the final document in advance of a planned ratification vote by the union´s membership.

During the proofreading session, Kalitta executives claimed there was no agreement on key areas of the proposed contract, including entire sections written by Kalitta Air that were agreed to by union negotiators.

Kalitta Air pilots have already authorized a strike. Union attorneys and leadership are meeting to develop a response to the carrier´s latest move.

Founded in 1903, the International Brotherhood of Teamsters represents 1.4 million men and women throughout the United States, Canada and Puerto Rico.

Cable ONE declares USD1.50 quarterly dividend

The Board of Directors of Cable One, Inc. (NYSE: CABO) today declared a quarterly cash dividend of USD1.50 per share.

The dividend is payable on December 2, 2016, to stockholders of record at the close of business on November 15, 2016.

Cable One serves more than 650,000 customers in 19 states with high-speed Internet, cable television and telephone service, Cable ONE provides consumers with a wide range of the latest products and services, including wireless Internet service, high-definition programming and phone service with free, unlimited long-distance calling in the continental US.

Hawaiian Airlines reports 1.3m RPMs in October 2016

Hawaiian Airlines, Inc., a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA), has reported revenue passenger miles (RPM) in October 2016 were 1,347,026, an increase of 7.8 percent over 1,249,634 RPMs reported in October 2015, the company said.

Passengers transported in October 2016 were 932,235, compared to 908,346 transported in October 2015, an increase of 2.6 percent.

The company reported 1,526,021 available seat miles (ASM) in October 2016, compared to 1,468,675 ASM in October 2015, an increase of 3.9 percent.

The load factor in October 2016 was 88.3 percent, compared to 85.1 percent, an increase of 3.2 pts.

Hawaiian Air is a Hawai´i´-based airline that offers non-stop service to Hawai´i from 11 US gateway cities, along with service from countries including Japan, South Korea, China, Australia and New Zealand. Hawaiian provides approximately 160 jet flights daily between the Hawaiian Islands, with a total of more than 200 daily flights system-wide.

Belden 3Q revenues up 3.8% YoY

Belden Inc. (NYSE: BDC) GAAP revenues for its third quarter of 2016 totaled USD601.1 million, increasing USD21.8 million, or 3.8%, compared to USD579.3 million in the third quarter 2015, the company said.

Gross profit margin in the third quarter was 40.9%, increasing 190 basis points from 39.0% in the year-ago period.

Net income was USD35.7 million, increasing from USD14.6 million in the prior-year period. Net income as a percentage of revenues was 5.9% in the third quarter, increasing 340 basis points from 2.5% in the prior-year period. EPS totaled USD0.68, compared to USD0.35 in the third quarter 2015.

Belden Inc. delivers a comprehensive product portfolio designed to meet the mission-critical network infrastructure needs of industrial, enterprise and broadcast markets. Founded in 1902, the company is headquartered in St. Louis and has manufacturing capabilities in North and South America, Europe and Asia.

NI will collaborate with DARPA on channel emulator

Platform-based engineering systems provider NI (Nasdaq: NATI) is collaborating with the Defense Advanced Research Projects Agency (DARPA) to supply core infrastructure for a path-breaking channel emulation testbed, called Colosseum, which will play a central role in the DARPA Spectrum Collaboration Challenge, the company said.

NI will provide USRP software defined radios (SDRs) that support a wide variety of open source and proprietary tool flows including GNU Radio, RFNoC and LabVIEW system design software.

The Colosseum channel emulation testbed supports up to 256-by-256-channel, real-time channel emulation, calculating more than 65,000 channel interactions at up to 80 MHz of real-time bandwidth per channel. The testbed, based on the USRP X310 software defined radio and NI ATCA-3671 high-performance FPGA processing system, will be housed at the Johns Hopkins University Applied Physics Laboratory in Laurel, Md., and will be accessible remotely for next-generation wireless research. The testbed will provide a level playing field for the three-year competition with winning teams vying for a total of USD3.75M in prize money from DARPA.

Since 1976, NI has made it possible for engineers and scientists to solve the world´s greatest engineering challenges with powerful platform-based systems that accelerate productivity and drive rapid innovation.

Bristow declares Q4 2016 dividend

Board of directors of Bristow Group Inc. (NYSE: BRS) has approved a USD0.07 per share quarterly dividend, the company said.

The dividend will be payable on December 15, 2016 to stockholders of record at the close of business on December 1, 2016.

Bristow Group Inc. is a global industrial aviation services provider offering helicopter transportation, search and rescue (SAR) and aircraft support services, including maintenance and training, to government and civil organizations worldwide. Bristow has major operations in the North Sea, Nigeria and the US Gulf of Mexico.

Com Hem announces conditional redemption of 2014 senior notes

Com Hem

Com Hem Holding AB (publ)(STO:COMH) subsidiary NorCell Sweden Holding 3 AB (publ) has issued a notice of conditional redemption for all of its senior notes in for SEK2.5 billion due 2019, the company said.

The redemption is subject to the completion of one or more financing transactions on terms acceptable to the Issuer in its sole discretion and that result in aggregate proceeds sufficient to redeem the 2014 Senior Notes in full.

Com Hem will explore various sources of financing for the redemption of the 2014 Senior Notes, including the possibility to issue new notes, take up new credit facilities, draw funds under existing credit facilities, or a combination of the three.

Com Hem offers broadband, TV, play and telephony services to Swedish households and companies. Approximately 40 percent of the country´s households are connected to Com Hem´s network, making Com Hem an important driver of digital Sweden.

Bristow reports Q2 FY 2017 USD12m net loss

Bristow Group Inc. (NYSE: BRS) has reported an adjusted net loss of USD12.3 million in the third quarter of fiscal year 2016 or adjusted diluted loss per share of USD0.35 for the quarter, compared to adjusted net income of USD1.3 million or adjusted diluted earnings per share of $0.04 for the quarter ended September 30, 2015, the company said.

The company reported a GAAP net loss of USD29.8 million or a diluted loss per share of USD0.85 compared to a GAAP net loss of USD47.1 million or diluted loss per share of USD1.21 for the September 2015 quarter.

For the September 2016 year-to-date period, the company reported a GAAP net loss of USD70.6 million or diluted loss per share of USD2.02 compared to a GAAP net loss of USD50.4 million or diluted loss per share of USD1.49 for the September 2015 year-to-date period. The company reported an adjusted net loss of USD24.3 million or adjusted diluted loss per share of USD0.69 for the September 2016 year-to-date period compared to adjusted net income of USD19.9 million or adjusted diluted earnings per share of USD0.56 for the September 2015 year-to-date period.