Latest news with #KDI
Sunday World
8 hours ago
- Business
- Sunday World
Pint-loving punters pull savings together to save local pub from closure
BELOVED BOOZER | The 26-person group, including 25 men and one woman, purchased Kilteely's only watering hole, Aherns pub, after it went on the market for €300k Some of the 26-person group that pooled their savings together to save their local pub from closure, in Kilteely, Co Limerick. Photo: Brendan Gleeson The 26-person group, including 25 men and one woman, purchased Kilteely's only watering hole, Aherns pub, after it went on the market for €300,000. The sale had threatened to quench the communities thirst for craic, however after pooling their pennies together, the devoted pub-goers saved their beloved boozer — proving that friendship, froth, and a dash of community spirit are the perfect cocktail. The group renamed the premises, The Street Bar, and extended an invitation to the White House for President Donald Trump to come and visit and drink his first pint of non-alcoholic 'Kilteely cream'. One of the pub's local investors, landscape gardener, Noel O'Dea said: 'They say it takes a village to raise a child, but I tell you, it also takes a village to save its pub.' Not one of the 26 investors has pub trade experience, but they refused to drown their sorrows over the impending pub closure. Mr O'Dea said: 'The pub is the heart of any community, and because all the shops and pubs here were gone, this was our last meeting place.' 'We just couldn't see the people in the village having no place to go to, because otherwise it is just a group of houses.' Lamenting the loss of two pubs, two shops, two post offices, and a creamery locally, O'Dea said the only other business in the Limerick village, a recycling venture, KDI (Kilteely Dromkeen Innovation), employs seven people, which was also set up by locals, 'after the last recession hit and because employment was hard to get'. In what must be the most expensive 'round' ever, the local pub group each invested up to €15,000 each to keep the drinks pouring and the craic flowing. The eclectic group, which includes a clinical psychologist, barrister, solicitor, pharmacist, carpenter, accountant, farmers, a teacher, sign-maker, builders, electricians, is also considering how best to use a shop premises included in the pub sale. 'There were a few suggestions but I don't think we would get away with some of them,' O'Dea joked. One of the group said they should invite the media loving US President Donald Trump, who does not drink alcohol, to their pub to sample his first pint of non-alcoholic 'Kilteely cream' or his favourite tipple Diet Coke. O'Dea laughed: 'Yeah, we could, sure listen, why not, send out the invitation.' Extending the invite to presidents, prince/princesses and paupers, O'Dea added: 'We have a festival every year and it's on in two-weeks time, and this year we are going to have Ireland's first-ever Black Pudding Festival, so everyone is welcome.' 'We are starting that off this year, we're asking butchers and anyone who is good at making food at home, because the art of making pudding is dying out and we are just trying to revive it —during the festival we'll serve you the perfect pint and pudding!' Embracing the venture, another member of the group, barrister Liam Carroll, said: 'Rural pubs are dying out all over the country, so we decided to come together to save ours, and hopefully we can keep it going, employ a few people and harness the community spirit that we have 'on tap' here.' Mr Carroll also encouraged other communities to group together to keep their dying pubs alive: 'Yes, I would encourage others to do the same thing, there is little or no profits in this type of venture, but it is vital to keep local communities from dying out.' The rebranded Street Bar, Kilteely, County Limerick, opened its doors last Saturday. Some of the 26-person group that pooled their savings together to save their local pub from closure, in Kilteely, Co Limerick. Photo: Brendan Gleeson Today's News in 90 Seconds - August 19th
Irish Independent
9 hours ago
- Business
- Irish Independent
‘It takes a village' – Group of locals pool savings together to save town pub from closure
Some of the 26-person group that pooled their savings together to save their local pub from closure, in Kilteely, Co Limerick. Photo: Brendan Gleeson The 26-person group, including 25 men and one woman, purchased Kilteely's only watering hole, Aherns pub in Co Limerick, after it went on the market for €300,000. The sale had threatened to quench the communities thirst for craic, however after pooling their pennies together, the devoted pub-goers saved their beloved boozer — proving that friendship, froth, and a dash of community spirit are the perfect cocktail. The group renamed the premises, The Street Bar, and extended an invitation to the White House for President Donald Trump to come and visit and drink his first pint of non-alcoholic 'Kilteely cream'. One of the pub's local investors, landscape gardener, Noel O'Dea said: 'They say it takes a village to raise a child, but I tell you, it also takes a village to save its pub.' Not one of the 26 investors has pub trade experience, but they refused to drown their sorrows over the impending pub closure. Mr O'Dea said: 'The pub is the heart of any community, and because all the shops and pubs here were gone, this was our last meeting place.' 'We just couldn't see the people in the village having no place to go to, because otherwise it is just a group of houses,' he said. Lamenting the loss of two pubs, two shops, two post offices, and a creamery locally, O'Dea said the only other business in the Limerick village, a recycling venture, KDI (Kilteely Dromkeen Innovation), employs seven people, which was also set up by locals, 'after the last recession hit and because employment was hard to get'. In what must be the most expensive 'round' ever, the local pub group invested up to €15,000 each to keep the drinks pouring and the craic flowing. The eclectic group, which includes a clinical psychologist, barrister, solicitor, pharmacist, carpenter, accountant, farmers, a teacher, sign-maker, builders, electricians, is also considering how best to use a shop premises included in the pub sale. 'There were a few suggestions but I don't think we would get away with some of them,' O'Dea joked. One of the group said they should invite the media loving US President Donald Trump, who does not drink alcohol, to their pub to sample his first pint of non-alcoholic 'Kilteely cream' or his favourite tipple Diet Coke. O'Dea laughed: 'Yeah, we could, sure listen, why not, send out the invitation.' Extending the invite to presidents, prince/princesses and paupers, O'Dea added: 'We have a festival every year and it's on in two-weeks time, and this year we are going to have Ireland's first-ever Black Pudding Festival, so everyone is welcome.' 'We are starting that off this year, we're asking butchers and anyone who is good at making food at home, because the art of making pudding is dying out and we are just trying to revive it —during the festival we'll serve you the perfect pint and pudding.' Embracing the venture, another member of the group, barrister Liam Carroll, said: 'Rural pubs are dying out all over the country, so we decided to come together to save ours, and hopefully we can keep it going, employ a few people and harness the community spirit that we have 'on tap' here.' Mr Carroll also encouraged other communities to group together to keep their dying pubs alive: 'I would encourage others to do the same thing, there is little or no profits in this type of venture, but it is vital to keep local communities from dying out.' The rebranded Street Bar, Kilteely, Co Limerick, opened its doors last Saturday.
Yahoo
5 days ago
- Business
- Yahoo
Nuwellis Inc (NUWE) Q2 2025 Earnings Call Highlights: Strategic Shifts Amid Revenue Challenges
Release Date: August 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Nuwellis Inc (NASDAQ:NUWE) successfully resolved a temporary backorder issue with their sterilization vendor, which had impacted revenue. The pediatrics business segment showed strong performance with a 23% increase in revenue compared to the previous year. The company is transitioning its manufacturing to KDI precision manufacturing, expected to result in operational efficiencies and cost savings. Nuwellis Inc (NASDAQ:NUWE) has increased reimbursement rates for outpatient heart failure treatment, which is expected to drive growth in this segment. The company remains debt-free and recently raised $5 million in capital, strengthening its financial position. Negative Points Total revenue for the second quarter was $1.7 million, a 21% decline year-over-year. Heart failure and critical care revenue declined by 53% and 35% respectively, due to the temporary backorder. Gross margin decreased to 55.5% from 67.2% in the previous year, impacted by lower production volumes. Operating loss increased to $2.9 million compared to $2.3 million in the same quarter last year. Net loss attributable to common shareholders was $12.6 million, significantly higher than the $7.7 million loss in the previous year. Q & A Highlights Warning! GuruFocus has detected 2 Warning Signs with NUWE. Q: You mentioned the issue with the vendor regarding sterilization, which accounts for around $400,000 in revenue. When was it resolved, and will there be any impact in the current third quarter? A: It was resolved in the first week of July, and we are no longer in backorder. We are now building finished goods inventory rapidly to prepare for the transfer to KDI manufacturing. The issue is behind us, and the sterilization provider is fully operational. The impact was primarily in heart failure and cardiac surgery, as we prioritized inventory for pediatrics. (John Herb, CEO) Q: As the business evolves, where do you see the largest opportunity: pediatrics, critical care, or heart failure? A: We see growth opportunities in all three areas. Pediatrics continues to grow as more children's hospitals adopt Aquadex. In cardiac surgery, clinicians are using Aquadex to efficiently manage fluid post-surgery. The fastest-growing area is likely heart failure due to the outpatient opportunity, supported by increased reimbursement from $413 to $1639 per day for treatments in hospital outpatient clinics. (John Herb, CEO) Q: Can you elaborate on the strategic decisions made this quarter, such as the termination of the reverse HF clinical trial? A: We terminated the reverse HF clinical trial to reallocate approximately $4 million towards higher-impact growth areas. This decision was not related to device performance or patient safety concerns. We are focusing on cardiac surgery, pediatrics, and outpatient heart failure, where we see significant growth potential. (John Herb, CEO) Q: How did the temporary product backorder affect financial results for the quarter? A: The backorder primarily impacted heart failure and critical care revenues, which declined by 53% and 35%, respectively. However, pediatric revenues increased by 23% compared to the second quarter of 2024. The gross margin was affected, dropping to 55.5% from 67.2% due to lower production volumes. (Rob Scott, CFO) Q: What are the company's priorities moving forward? A: Our priorities include progressing towards being cash flow positive, achieving commercial targets in pediatrics and cardiac surgery, enhancing outpatient engagement with heart failure programs, completing our manufacturing transition, and increasing clinical awareness of Aquadex's role in fluid management. We aim to expand access to Aquadex and build a portfolio for fluid management across various care settings. (John Herb, CEO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error 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
Korea Herald
12-08-2025
- Business
- Korea Herald
KDI warns tariff shock to slow Korea's export growth
The state-run Korea Development Institute maintained its 0.8 percent growth forecast for South Korea this year, citing a sharp downturn in construction and a smaller-than-expected lift from expanded fiscal spending. The revised outlook, released Tuesday, follows KDI's May projection, when it cut its 2025 growth estimate from 1.6 percent. The think tank also kept its 2026 forecast unchanged at 1.6 percent. While the economy has moved past last year's slowdown, growth remains weak, KDI said. Gross domestic product expanded 0.6 percent in the second quarter from the first, when the economy contracted 0.1 percent, but output was still 0.5 percent lower than a year earlier. The biggest drag is construction, with investment now forecast to shrink 8.1 percent this year, steeper than the 4.2 percent decline projected in May and last year's 3.3 percent fall. KDI raised its forecast for private consumption by 0.2 percentage point to 1.3 percent, citing the impact of a 30 trillion won ($21.6 billion) second extra budget and falling interest rates. Facility investment was also lifted 0.1 percentage point to 1.8 percent on sustained upturn in the semiconductor industry. The extra budget is estimated to have added about 0.1 percentage point to annual growth, said Jung Kyu-chul, KDI's director for economic outlook. 'The size of the budget was much larger than 0.1 percent of GDP, which means not all of it translated into higher consumption,' he said. Exports are projected to grow 2.1 percent this year, up sharply from 0.3 percent in May, as shipments have so far weathered US-led tariff uncertainties better than expected. Even so, KDI sees a marked slowdown ahead as the tariff shock begins to weigh on sectors such as semiconductors and autos from the latter half of this year. Export growth is forecast to plunge from 6.8 percent in 2024 to 2.1 percent in 2025 and 0.6 percent in 2026, with the 2026 figure revised down by 0.2 percentage point from three months ago. The trade account is expected to remain in surplus, supported by semiconductor recovery and improved terms of trade. KDI projects surpluses of $106 billion in 2025 and $91 billion in 2026, raising this year's forecast by $14 billion on an upgraded outlook for global chip sales.
Business Times
12-08-2025
- Business
- Business Times
South Korea think tank holds growth outlook despite trade deal with US
[SEOUL] South Korea's state-run think tank maintained its growth outlook for 2025, even as a last-minute trade deal with the US helped the nation dodge the worst of a punishing tariff hikes. The economy will expand 0.8 per cent this year, the Korea Development Institute (KDI) said on Tuesday (Aug 12), in line with its May forecast. While a government stimulus package has boosted consumer sentiment, the gains are being offset by a downturn in construction investment and persistent export weakness due to higher US tariffs, KDI said in its semiannual report. The recent trade deal, which caps US tariffs on South Korean exports at 15 per cent, down from a proposed 25 per cent, helped the country avoid a more severe blow. Still, the new terms are less favourable than a free trade agreement with the US, with KDI warning that tariff levels and uncertainty remain elevated compared with past years. The escalating trade conflict between the US and other economies such as China and India could further worsen global demand, the think tank said. And if semiconductor tariffs in particular rise sharply, it would pose a significant downside risk to South Korea's exports, the report added. KDI now expects only modest growth in goods exports over the next two years, as the negative impact of rising tariffs starts to take hold in the latter half of this year. South Korea's economy is projected to grow 1.6 per cent next year as domestic demand recovers gradually despite weaker exports, the think tank said. Gross domestic product expanded by 0.6 per cent in the three months to June from the previous quarter, the Bank of Korea (BOK) said in July. In May, the BOK nearly halved its 2025 growth forecast to 0.8 per cent from 1.5 per cent, citing US trade tensions and sluggish domestic demand. BLOOMBERG
