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Tag: defends

Tesco defends £635m dividend payout after coronavirus tax break | Business

Tesco has defended its decision to pay a £635m dividend while accepting a similar-sized tax break from the government’s emergency coronavirus support package. The Labour peer Andrew Adonis tweeted that it was “absolutely wrong” for Tesco to accept the business rates holiday worth £585m and said the retailer should “pay it back” if it could …

Tesco defends £635m dividend payout after coronavirus tax break | BusinessRead More

‘We’ve got a strong balance sheet’: Starbucks CEO defends buybacks

Starbucks CEO Kevin Johnson on Wednesday defended the company’s share buyback program as the coronavirus pandemic roils the restaurant industry.  “We’re being thoughtful and responsible,” Johnson said in a interview with Jim Cramer on CNBC’s “Mad Money.” “Look, we’ve got a strong balance sheet, BBB investment credit rating. If you look at our last earnings …

‘We’ve got a strong balance sheet’: Starbucks CEO defends buybacksRead More

Boston Beer’s Jim Koch defends hard seltzer investment as stock falls

Boston Beer Company co-founder Jim Koch defended its heavy investment in hard seltzer Thursday as shares fell after weak guidance and a per-share earnings miss. “Sometimes growth, it’s not cheap, particularly in something capital-intensive like beer,” Koch said on “Closing Bell.“ Hard seltzer, in particular, demands significant investment because “it’s the biggest thing that’s come …

Boston Beer’s Jim Koch defends hard seltzer investment as stock fallsRead More

Zalando defends system of ranking staff like online products, Retail News, ET Retail

BERLIN, – Zalando, Europe’s biggest online-only fashion retailer, has rejected accusations that a performance management tool that asks employees to give feedback on each other and ranks them accordingly increases stress and infringes privacy. In a study published on Wednesday, the Hans Boeckler Foundation, a research body close to the German trade union federation, said …

Zalando defends system of ranking staff like online products, Retail News, ET RetailRead More