Begbies Traynor found that found that 554,554 companies are in significant’ distress and 40,174 in ‘critical’ distress
China's economy has become much less energy intensive over the last 40 years as its industries have modernised and the economy has shifted towards more service sector output. But energy intensity has flatlined for the last five years making it much harder to displace coal by renewables and meet the government's objective of capping total emissions. China converted 1 tonne of standard coal or its equivalent in other forms of energy (including wind and solar generation) into gross domestic product worth 21,000 yuan in 2023.
Roper Technologies Inc (NASDAQ:ROP) reported fiscal first-quarter 2024 revenue growth of 14% year-on-year to $1.68 billion, beating the analyst consensus estimate of $1.65 billion. Adjusted EPS of $4.41 beat the analyst consensus estimate of $4.34. Gross profit increased to $1.18 billion from $1.02 billion a year ago. Operating income increased to $483.9 million from $360.1 million the prior quarter. Adjusted EBITDA rose 16% year over year to $676 million, and margin expanded by 60 basis points
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