Day: July 29, 2022

Business Tips

Richard Branson Shares Tips at Virgin’s Small Business

Entrepreneur Richard Branson made a guest appearance at Virgin Voyages’ Small Business Bootcamp in Bimini, while the Scarlet Lady was docked in Bimini as part of Branson’s special Birthday Voyage, according to a press release.

The three-day event at Resorts World Bimini was organized by Virgin Voyages in collaboration with the Branson Centre of Entrepreneurship and the Ministry of Tourism with the goal of empowering local business owners and aspiring entrepreneurs in the Bahamas, according to Virgin Voyages.

The 30 entrepreneurs who attended the event also received hands-on training in business modeling and a one-on-one discussion with Branson Centre experts on how to resolve their business challenges.

“This three-day training event is the latest demonstration of our commitment to the incredible island of Bimini. We want to ensure that the local economy benefits from increased tourism to the island and the community gets excited when they see our ships in

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Finance

Sabadell beats forecasts helped by lending income, TSB

A Catalan flag is seen above a logo at the Sabadell bank branch in Barcelona, Spain October 6, 2017. REUTERS/Yves Herman

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  • Q2 net profit up nearly 22% to 179 mln euros, above forecasts
  • Net interest income rises 5.5% y/y, up 4.8% q/q
  • New record mortgage production backs lending income
  • CFO revises up to mid-single digit NII growth guidance in 2022
  • Shares rise around 0.7%

MADRID, July 28 (Reuters) – Banco Sabadell (SABE.MC) on Thursday reported a 22% increase in second-quarter net profit as strong lending in Spain supported by mortgage growth and a solid performance at its British business TSB helped the group beat earnings’ forecasts.

The country’s fourth-largest bank in terms of total assets reported a net profit of 179 million euros ($181.22 million) in the April to June period. Analysts polled by Reuters expected a net profit of 115

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Business News

Conscious Cultures rebrands as Bandit

PHILADELPHIA — Conscious Cultures Creamery is changing its name to Bandit. The plant-based foods company also announced it raised $1.5 million in a seed funding round led by venture capital firm Prime Movers Lab.

Bandit produces vegan cheeses that use cashews as their base. Varieties include a cave-aged, double cream camembert-inspired bloomy rind called Maverick and a cave-aged, vegetable ash ripened cheese with an ash inlay called Barn Cat. The company also produces an assortment of seasonal plant-based cheeses.

The rebrand from Conscious Creamery to Bandit reflects the startup’s origins, said Bo Babaki, founder and chief executive officer.

“Younger cheese enthusiasts recognize the tremendous impact that agricultural practices are having on climate change, the environment and animal welfare,” Mr. Babaki said. “We recognized that our former brand resonated with that crowd but did not feel as welcoming to the cheese market as a whole… Bandit is an ode to our

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