Latest news with #6.6
Morocco World
6 days ago
- Business
- Morocco World
Royal Air Maroc Launches Direct Service from London Stansted to Casablanca
Rabat – Morocco's national carrier Royal Air Maroc (RAM) has added a new direct flight route between London Stansted Airport and Casablanca, marking its first-ever service from this London hub. The new route began operations on June 24, 2025, and runs three times a week—on Tuesdays, Thursdays, and Sundays—using a Boeing 737-800 aircraft. The flight lasts just over three hours. This addition expands the airline's UK operations beyond its existing services from Heathrow, Gatwick, and Manchester. London Stansted is the UK's third-busiest airport and serves a large population in North and east London as well as surrounding regions, making it a strategic choice for Royal Air Maroc as it seeks to increase accessibility for Moroccan nationals, tourists, and business travelers. Casablanca, Morocco's largest city and commercial center, serves as a major hub for both connecting flights within Africa and direct access to the country's economic and cultural offerings. This launch comes amid Royal Air Maroc's record breaking summer 2025 program, with over 6.6 million seats offered across 95 destinations–an increase of more than 700,000 compared to last year–as Morocco steps up efforts to boost air links with key European markets In 2020, Royal Air Maroc became the first African airline to join the OneWorld alliance, linking Morocco to a global network of major carriers including British Airways, American Airlines, and Qatar Airways. The move integrated RAM into shared booking and loyalty systems, while reinforcing its role as a key regional hub. Tags: London Stansted to CasablancaRAMRoyal Air MarocUnited Kingdom Morocco
Yahoo
09-06-2025
- Business
- Yahoo
The Future of Foodservice in South Africa to 2029: Changing Consumer Demands Drive Innovations in South Africa's Foodservice Industry
Explore comprehensive insights into the South African foodservice market with our detailed report, highlighting consumer trends, channel performance, and market forecasts. Understand the success behind QSR leading sales in 2024, and anticipate growth trends through 2029. Optimize strategies with key player analysis. Dublin, June 09, 2025 (GLOBE NEWSWIRE) -- The "South Africa - The Future of Foodservice to 2029" report has been added to report provides an in-depth evaluation of the South African foodservice market, including analysis of the key issues impacting on the report includes: Consumer insight and analysis to provide a clear view of prevailing need states, trends and demands of consumers, including segmentation analysis and channel preference, all fully supported by comprehensive market data and occasions and locations analytics. In-depth analysis of channel performance, both profit and cost sector, detailing the winning formats, with supporting analysis to provide comprehensive understanding of the reasons behind success and failure. For each of four key profit sector channels - QSR, FSR, coffee & tea shops and pubs, clubs & bars, a deep dive into the 'who', 'why', 'what', 'where' and 'what next'. Analysis of major market player performance, and how each player is meeting the needs of consumers and dealing with changing market demands, with supporting case studies on key menu, service and format innovations. Key Market Highlights The foodservice profit sector generated revenue of ZAR601.2 billion ($32.8 billion) in 2024, reflecting a CAGR of 3.4% during 2019-24. Over the same period, the number of transactions and outlets recorded CAGRs of 2.4% and 0.8%, respectively. QSR was the largest channel in 2024, accounting for a 60.7% share of total sales, followed by pub, club & bar with 25.6%. Owing to its inexpensive offerings and popularity among consumers, the QSR channel recorded healthy value growth during 2019-24. The FSR channel recorded modest growth, while coffee & tea shop and pub, club & bar registered declines. The South African profit sector is forecast to record a value CAGR of 6.6% during 2024-29. The number of transactions will register a CAGR of 2.1%, and the number of outlets will post a CAGR of 1%. The coffee & tea shop channel is expected to register the highest value CAGR during the forecast period, at 7.7%. Report Scope Macro context: Understanding the wider economic and social trends within a country; key to providing background when looking into a specific sector channels: A number of foodservice channels have been grouped together to form the "profit sector"; these include accommodation, leisure, restaurants, retail, travel, workplace, and pub, club & bar. This section will first go through overall trends in the sector, then "deep dive" into each of the four key channels. These channels are QSR, FSR, coffee & tea shop, and pub, club & bar. The report structure for each of these channels is explained sector channels: A number of foodservice channels have been grouped together to form the "cost sector"; these include education, healthcare, military & civil defense, and welfare & services. This sector typically represents the state's foodservice operators. This section of the report will go through overall trends in the sector. Profit sector sub-sections - QSR, FSR, coffee & tea shop, and pub, club & bar:For each of these key profit sector channels, this report will "deep dive" into the performance of the channel. This will follow a summary of the channel, which will encapsulate everything within the section. The report section will then cover historic and forecast growth/decline; key players within the channel; consumer segment analysis; and a "who", "why", "what", and "where" analysis (including, for some channels, case studies to bring key discussion points to life). It will finish with a look into the key drivers of future sector: For the overall cost sector channel, this report will provide an overview of the performance of the channel. The report section will cover historic and forecast growth/decline and will finish with a look into the data and channel share breakdown. Key Topics Covered: Executive Summary Macroeconomic Context Macroeconomic Overview Trends Landscape Profit Sector - Consumer Behavior Profit Sector Metrics Key Metric Highlights Value Share and Growth by Channel Outlets and Transactions Growth by Channel Operator Buying Volumes and Growth by Channel Channel Historic and Future Growth Dynamics Outlet-Type and Owner-Type Growth Dynamics Profit Sector by Channel Quick-Service Restaurant (QSR) Full-Service Restaurant (FSR) Coffee & Tea Shop Pub, Club & Bar Cost Sector Metrics Cost Operator Trends - Historic and Future Growth Data and Channel Share Breakdown Education Military & Civil Defense Welfare & Services Healthcare Company Coverage: Yum! Brands McDonald's Famous Brands Restaurant Brands International Spur Corporation Galito's Nando's Ocean Basket News Cafe Vida e Caffe Seattle Coffee Starbucks Wiesenhof Coffee For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
15-05-2025
- Business
- Cision Canada
Frost Radar™ Positions Top Growth and Innovation Leaders in Water and Wastewater Treatment Membrane Solutions
Frost & Sullivan's benchmarking system identifies companies advancing water resilience and sustainability through next-generation membrane technologies LONDON, May 15, 2025 /CNW/ -- Climate change, rapid urbanisation, and industrialisation have intensified global water stress, affecting equitable access to fresh water. In response, governments and industries are implementing conservation policies and embracing circular water economy solutions. A significant trend is the diversification of water sources, driving demand for advanced treatment technologies that ensure consistent water quality across various sources. Membrane-based water and wastewater treatment systems have become pivotal to mitigating water stress. Advanced membranes enable high water recovery and reuse while strengthening infrastructure resilience against climate-induced disruptions. Over the past five years, start-ups have disrupted the industry by pioneering economically viable technologies to treat complex effluents, previously managed only with energy-intensive thermal solutions. The global water and wastewater treatment membrane market is projected to grow from $20.91 billion in 2024 to $27.04 billion by 2028, at a 6.6% compound annual growth rate (CAGR). These advanced solutions help utilities and industries optimise water resource usage sustainably, become water positive, and contribute to a circular economy. Asia-Pacific is poised to lead market growth, driven by rapid industrialisation and water-intensive sectors such as power generation, chemicals, pharmaceuticals, textiles, food and beverage, and microelectronics. North America and Europe will experience strong short-term growth due to evolving regulations on micropollutant removal, notably for PFAS. Membranes are increasingly seen as critical in concentrating PFAS for effective destruction. Treated wastewater reuse for potable, irrigation, and industrial purposes is further boosting membrane adoption. Meanwhile, rising desalination investments in the Middle East and North Africa (MENA) are fuelling growth in reverse osmosis (RO) applications. Competitive Landscape and Key Market Players The membrane market is highly dynamic, characterised by innovation across material types and applications. The Frost Radar ™ highlights the following growth and innovation leaders driving transformation in the water and wastewater membrane sector: DuPont, Toray, Nitto Hydranautics, Mann+Hummel, LG Water Solutions (LG Chem), Veolia, Nanostone, Cerafiltec, Cembrane, Kubota, Berghof Membranes, Evove, ZwitterCo, Memsift, and Membrion. Major players are focussing on enhancing membrane performance across key parameters such as energy efficiency, permeability, and resource recovery to meet the growing demand for sustainable water management. Ceramic membrane technologies are also gaining momentum, driven by their superior durability and environmental benefits in challenging treatment applications. Meanwhile, membrane bioreactor (MBR) solutions are seeing strong adoption as industries and utilities prioritise wastewater reuse to bolster water security. A new wave of disruptors is reshaping the market landscape by delivering breakthrough solutions for treating complex wastewaters, reducing reliance on energy-intensive processes, and enabling resource recovery, opening new growth avenues for the sector. "As sustainability pressures mount, advanced membrane solutions are crucial to securing resilient, circular water systems globally. Companies that prioritise innovation, operational efficiency, and regulatory compliance are emerging as industry leaders," says Paul Hudson, Growth Expert at Frost & Sullivan. "Investments in advanced membranes, business model innovation like water-as-a-service, and strategic partnerships will shape the next phase of industry growth." For more insights into the water and wastewater treatment membrane solutions market and the Frost Radar ™ analysis, click here. Editor's Note To arrange an interview or for any questions, please contact: Kristina Menzefricke Marketing & Communications Global Customer Experience, Frost & Sullivan [email protected]
Straits Times
29-04-2025
- Business
- Straits Times
Singapore stocks end lower amid mixed regional markets
The benchmark Straits Times Index ended 0.2 per cent or 6.6 points lower at 3,805.18. ST PHOTO: BRIAN TEO SINGAPORE - Stocks on the local bourse closed slightly lower on April 29 amid a mixed showing among regional markets. The benchmark Straits Times Index (STI) ended 0.2 per cent or 6.6 points lower at 3,805.18. Across the broader market, gainers outnumbered losers 259 to 214 after 968.57 million securities worth $1.33 billion changed hands. The top gainer on the STI was Sembcorp Industries . The counter rose 2.6 per cent or $0.17 to $6.62. The biggest decliner was Wilmar International, which slid 3.8 per cent or $0.12 to $3.02. The trio of local banks ended mixed. DBS Bank was down 0.5 per cent or $0.22 at $42.08 and UOB fell 0.2 per cent or $0.06 to finish at $34.36 while OCBC Bank rose 1 per cent or $0.15 to $15.98. Elsewhere in the region, key indexes ended mostly higher. Australia's S&P/ASX 200 index rose 0.9 per cent, the Kospi was up 0.7 per cent and Hong Kong's Hang Seng Index increased 0.2 per cent. However, the FTSE Bursa Malaysia KLCI lost 0.4 per cent. The mixed performance comes amid heightened market scrutiny of US-China tariff tensions. Blame and threats embedded in US Treasury Secretary Scott Bessent's recent remarks stymie a path to conciliatory US-China tariff talks, said Mr Vishnu Varathan, head of macro research at Mizuho Securities. He called Bessent's proposition that it is 'up to China to de-escalate because they sell five times more to us than we sell to them' as 'glaringly counter-productive, ascribing blame on Beijing'. 'Whereas Beijing may quite rightly assess that rushing to acquiesce the aggressor (on tariffs) inadvertently, but damningly, concedes the upper hand to Washington – a strategic error that Beijing will avoid,' added Mr Varathan. He also said that the European Central Bank (ECB) may be quicker than the Federal Reserve to acknowledge the income shocks arising from tariffs. As a result, the ECB could adopt a more dovish stance sooner – potentially between mid-2025 and Q3 2025 – thereby 'creating a temporary window of Fed-ECB divergence'. THE BUSINESS TIMES Join ST's Telegram channel and get the latest breaking news delivered to you.
Yahoo
29-04-2025
- Business
- Yahoo
Earnings To Watch: MYR Group (MYRG) Reports Q1 Results Tomorrow
Electrical construction and infrastructure services provider MYR Group (NASDAQ:MYRG) will be reporting results tomorrow after the bell. Here's what to expect. MYR Group missed analysts' revenue expectations by 6.6% last quarter, reporting revenues of $829.8 million, down 17.4% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts' EPS estimates but a miss of analysts' backlog estimates. Is MYR Group a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting MYR Group's revenue to decline 2.6% year on year to $794.3 million, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.20 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. MYR Group has missed Wall Street's revenue estimates four times over the last two years. Looking at MYR Group's peers in the construction and engineering segment, only Comfort Systems has reported results so far. It beat analysts' revenue estimates by 4.2%, delivering year-on-year sales growth of 19.1%. The stock traded up 5.6% on the results. Read our full analysis of Comfort Systems's earnings results here. Investors in the construction and engineering segment have had fairly steady hands going into earnings, with share prices down 1.3% on average over the last month. MYR Group is up 8.8% during the same time and is heading into earnings with an average analyst price target of $139 (compared to the current share price of $123.03). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Sign in to access your portfolio
