Year Ender 2024: Music news that hit headlines in 2024
Easyjet is set to report more than half a billion in profit in its full-year results next Wednesday as it continues to cash in on strong demand for travel in the post-Covid era. The orange-liveried carrier is expected to haul in £595m in pre-tax profit, up from £455m the year prior. Analysts are forecasting capacity growth of eight per cent to 100m in the 12 months to September, and five per cent on a compound basis going forward. Dividends are expected to come in at 12p a share, with a further increase to 14.8p in 2025. The results come in a year in which the share price of Europe’s three largest budget airlines, Ryanair, Easyjet and Wizz Air, has largely underwhelmed. Shares in Easyjet are broadly level, up two per cent in 2024, despite record flight demand across the continent. Ryanair sparked a sell-off in London-listed airline stocks over summer after it reported a drop in profit and warned over falling ticket fares. Delivery delays at the world’s two largest planemakers, Airbus and Boeing, have also left airlines struggling to hit capacity targets. However, the FTSE 350 firm has shown resistance to the external issues, in part due to the performance of its package holiday division, Easyjet holidays. That segment is expected to rake in more than £180m over the period, up from £122m, as it closes in on a medium-term target of £250m. “Easyjet’s last set of results landed well with markets , who had become nervous after rival Ryanair issued a weak performance over the same period,” Aarin Chiekrie, an equity analyst at Hargreaves Lansdown, said. “But Easyjet bucked the trend by selling a higher percentage of its available seats for the fourth quarter, despite increasing its capacity by 7 per cent. This was enough to reassure investors that the group remains on the right flight path to deliver another record-breaking summer,” he said. “It’s unlikely to be the start of a fully-fledged price war between the low-cost carriers, but it’s something the market will be keeping a keen eye on. Recent industry data shows that air travel demand continues to soar higher, and investors are eager to hear what easyJet sees on the horizon in next week’s results,” Chiekrie added. Wednesday’s results will be the last of Easyjet’s long-serving chief executive Johan Lundgren, who is due to step down in January. He will be replaced by the firm’s finance chief, Kenton Jarvis.NEW YORK , Nov. 26, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global connected car market size is estimated to grow by USD 341.7 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 36.5% during the forecast period. Increasing internet penetration and its impact on the connected cars market is driving market growth, with a trend towards increasing number of vehicles launches featuring connected technologies. However, design complexity and technological challenges poses a challenge.Key market players include Airbiquity Inc., Alps Alpine Co. Ltd., AT and T Inc., Bayerische Motoren Werke AG, BorgWarner Inc., DXC Technology Co., Ford Motor Co., Information Technologies Institute Intellias LLC, Mercedes Benz Group AG, NXP Semiconductors NV, Qualcomm Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Schaeffler AG, Sierra Wireless Inc., Telefonica SA, Tesla Inc., Valeo SA, Volkswagen AG, and Zubie Inc.. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Key Market Trends Fueling Growth The Connected Car market is experiencing significant growth, driven by trends such as vehicle infotainment, Advanced Driver-Assistance Systems (ADAS) features, and autonomous cars. V2V communication, electric mobility, and predictive technology are also key areas of focus. Vehicle downtime is a concern, leading to increased demand for connected car services and production of vehicles with faster network technology like 5G and satellite. Legislation and road safety are influencing the market, with collision warning, lane assistance, and blind spot detection becoming standard features. Technology companies are investing in 3G, 4G, and 5G networks, enabling real-time communication between cars and online platforms. Car manufacturers and service providers are collaborating to offer comfort, convenience, performance, safety, and security features. Sensors and processors are essential components, along with advanced diagnostics and fleet management. The transition to connected cars involves addressing maintenance cost and schedule, as well as data transfer speed and bandwidth. Connected cars offer remote control access, infotainment, GPS tracking, and smartphone integration. Telematics services provide real-time vehicle data, enabling predictive maintenance and fuel consumption optimization. The market is evolving rapidly, with legislative policies and technological advancements shaping the future of the Connected Car industry. Connected cars are becoming increasingly preferred by consumers due to their safety and environmental advantages. In response, vendors in the connected car market are expanding their product lines by introducing new models with enhanced features. By broadening their offerings, these companies aim to gain competitive edges and expand their market presence in the global connected car industry. The continuous launch of new connected car models is anticipated to boost sales and significantly contribute to the market growth during the forecast period. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges The Connected Car market is experiencing significant growth, driven by advancements in vehicle infotainment, ADAS features, and the development of autonomous cars. Challenges include vehicle downtime during production, integrating predictive technology, and addressing legislative policies. Electric mobility and V2V communication are key trends, with 5G networks and satellite technology enabling real-time communication. Technology companies are investing in 3G, 4G, and 5G networks, sensors, processors, and online platforms for enhanced comfort, convenience, performance, safety, and security. Vehicle manufacturers and service providers collaborate to offer connected car services, including remote control access, GPS tracking, advanced diagnostics, and fleet management. The transition to connected cars requires addressing maintenance cost, data transfer speed, and bandwidth concerns. Safety features like collision warning, lane assistance, and blind spot detection are crucial, as is ensuring network technology security. The production of connected cars involves integrating various sensors and systems, while the aftermarket offers opportunities for upgrades and maintenance schedule optimization. The future of connected cars lies in seamless integration of smartphones, internet services, and advanced diagnostics. The connected car market presents vendors with challenges in creating user-friendly, cost-effective, and accessible infotainment and telematics systems. As demand for automotive connectivity solutions grows, system complexity becomes essential to manage various applications. Advanced technologies, extensive features, and multiple software solutions add complexity to connectivity systems. Drivers seek efficient handling of these complexities to maximize benefits, posing a challenge for the global market. Vendors must focus on designing less distracting, affordable, and simple systems to meet consumer needs. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This connected car market report extensively covers market segmentation by 1.1 Embedded solutions 1.2 Integrated solutions 1.3 Tethered solutions 2.1 OEM 2.2 Aftermarket 3.1 North America 3.2 Europe 3.3 APAC 3.4 South America 3.5 Middle East and Africa 1.1 Embedded solutions- The connected car market is experiencing significant growth as automakers integrate telematics systems with navigation and smartphone capabilities. These systems are evolving to include embedded software and smartphone applications for entertainment, navigation, communication, security, and internet services. OEMs collaborate with technology companies to offer in-vehicle products and services, such as Pioneer's CarPlay integration and Hyundai's Blue Link infotainment mirroring. GM's MyLink and IntelliLink systems support third-party applications. BlackBerry's Jarvis 2.0 software composition analysis tool aids in checking and updating third-party software modules. The increasing popularity of hybrid vehicles is driving smartphone manufacturers to develop apps for real-time battery status. BMW's Remote application allows BMW i3 users to check battery capacity via smartphone connection during charging. Economic growth in emerging markets like India and consumer awareness of in-vehicle entertainment and information systems are fueling market expansion. The shift towards embedded solutions is expected to boost the global connected car market's growth during the forecast period. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis The Connected Car market is a rapidly growing segment in the automotive industry, focusing on integrating vehicle infotainment systems with advanced technologies. Vehicle connectivity enhances performance, safety, and convenience through features like ADAS (Advanced Driver-Assistance Systems), autonomous cars, V2V (vehicle-to-vehicle) communication, and Blind Spot Detection. Network technologies such as 3G, 4G, 5G, and satellite communication enable real-time data exchange between cars and online platforms. Connected cars offer various safety and security features, including lane-keep assist, collision avoidance, and remote diagnostics. Technology companies play a significant role in providing connectivity solutions to car manufacturers and aftermarket providers. The market's growth is driven by increasing consumer demand for enhanced vehicle features and the integration of various technologies. The Connected Car market's future lies in seamless real-time communication, advanced performance, and continuous innovation. Market Research Overview The Connected Car market is revolutionizing the automotive industry with advanced features such as vehicle infotainment, ADAS (Advanced Driver-Assistance Systems), and autonomous cars. Vehicle-to-vehicle (V2V) communication and predictive technology are enabling real-time communication and collision warning systems, reducing vehicle downtime and enhancing safety. Electric mobility is another significant trend, with legislative policies driving its adoption. Autonomous cars, powered by sensors, processors, and high-speed network technology, are transforming the way we travel. 5G, satellite, and online platforms are key to providing fast data transfer speeds and high bandwidth for connected services. Comfort, convenience, performance, safety, and security are the main benefits for consumers. Technology companies, car manufacturers, and service providers are collaborating to offer advanced features like lane assistance, blind spot detection, and remote control access. The transition phase to connected cars involves integrating 3G, 4G, and 5G technologies, telematics, and GPS tracking into vehicles. The aftermarket is also adopting connected car technology for advanced diagnostics, fleet management, and maintenance schedule services. Smartphones and internet services are essential for seamless connectivity and remote access. The production of vehicles is being transformed with the integration of diagnostic systems and advanced sensors to monitor smoke emission, fuel consumption, and other vital parameters. Connected car services offer real-time communication, online platforms, and advanced diagnostics, reducing maintenance cost and enhancing the overall driving experience. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Connectivity Embedded Solutions Integrated Solutions Tethered Solutions End-user OEM Aftermarket Geography North America Europe APAC South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE Technavio
A five-bedroom, four-bathroom home by renowned late-twentieth century architect Michael Dysart has sold under the hammer for $3.796 million, well above its $3.2 million reserve. or signup to continue reading The sprawling home in East Lindfield on Sydney's upper north shore was one of just 2,597 homes that went to auction in capital cities across the country last week, as auction volumes wind down ahead of Christmas. According to CoreLogic, the volume of auctions was down on the 2,881 auctions held the previous week and well below the spring peak of 3,135 auctions held over the week ending October 27. Meanwhile, the preliminary combined capitals auction clearance rate was just 62.4 per cent, the lowest preliminary result so far this year. It is the first time the home at , which features Dysart's classic architectural hallmarks, an outdoor swimming pool and views over Middle Harbour and surrounds, has been sold in 40 years. Listing agent Jessica Cao from Ray White Upper North Shore said while the auction started hesitantly, three interested buyers soon made clear their desires to call the home their own. "The bidding started at $2.5 million and was slow to start, but once it got underway, the bids started coming and it flew past the reserve," Ms Cao said. While five buyers registered to bid at the hotly contested auction, just three raised their hands "There were three active bidders, one was a developer, but once bidding hit the $3.5 million mark, they dropped out and it was just the two bidders left going up in $1,000 bids," she said. "I had a mix of different buyers express interest in the home, some were owner occupiers who loved the architecture and the design, there were also investors, and developers who were drawn to the view," she said. "The winning bidders were owner occupiers, a young couple with children who loved the design of the house and wanted to totally restore it, which made the seller very happy," Ms Cao said. The significant architectural home was one of 923 properties that went to auction in Sydney last week, compared to 1,031 the previous week. This time last year 1,072 homes went to auction in Sydney, according to CoreLogic. Sydney's preliminary clearance rate was 58.2 per cent, the lowest of the year so far and down nearly 8 percentage points from 65.1 per cent the week prior, which revised down to 58.2 per cent once finalised. This time last year the auction clearance rate in Sydney was 57 per cent. A five-bedroom, three-bathroom Californian Bungalow with an outdoor lap pool in Melbourne's inner northwest has sold for the second time this year. The home at attracted two bidders on Saturday, and despite being passed in for $2.110 million, it sold immediately after to the highest bidder for $2.2 million. Records show the home last sold in February this year for $2.1 million. The vendors have since added the lap pool with decking. Listing agent Nick Eres from Matthews Essendon said both bidders were owner occupiers, hoping to move into the home close to the Maribyrnong River. "The successful bidder was returning to the area after living interstate," Mr Eres said. The stunning home was one of 1.207 properties that went to auction in Melbourne last week, well down on the 1.390 auctions held the previous week, according to CoreLogic. This time last year 1,415 homes went to auction in Melbourne. Melbourne's preliminary clearance rate was 67 per cent, up slightly from last week's preliminary clearance rate of 64.1 per cent, which revised down to 61.7 per cent once finalised. This time last year the auction clearance rate in Melbourne was 56.2 per cent. In central Ballarat, a renovated three-bedroom Victorian sold under the hammer for $615,000. Listing agent Mark Williams from Ray White Ballarat said the charming home at attracted seven registered bidders, proving popular with owner occupiers. "It was a beautifully presented low maintenance property. The owners freshly painted it so there was nothing left to do to it. And we're finding that buyers at the moment are looking for something to move into that they don't have to touch," he said, adding that its central location and "good price point" also appealed to buyers. '"There were no investors, everyone who showed interest was looking to move in," he said. Bidding for the home, which features soaring ceilings, open fireplaces and intricate leadlight windows, opened at $400,000 before soaring past its listing price. "We had it listed for $485,000 to $530,000 and it was on the market at $530,000," Mr Williams said. "From that point we had two people fighting for it and it finally sold for $615,000," he said. Mr Williams said the successful bidders were an older couple, moving from interstate to be closer to family. While the underbidder was a local, currently renting nearby. "The successful bidders are moving down from the Gold Coast as they have kids in Melbourne. They were also looking for a cooler climate as they were finding it a bit warm up in Queensland," he said. "I did tell them that 99 per cent of people do the reverse and leave Ballarat for the warmer weather on the Gold Coast," he joked. CoreLogic research director Tim Lawless said the combined capital auction clearance rate of just 62.4 per cent, a full percentage point lower than the week prior and the lowest this year reflected an increase in properties on the market. "The weak outcome for auction markets reflects weaker selling conditions as advertised stock levels rise without a commensurate lift in purchasing activity," he said. Mr Lawless said he expected auction volumes to fall further next week as Christmas fast approaches. "Next week is set to show a further reduction, with around 2,200 homes currently scheduled for auction, reducing to around 800 the week after," he said. Rachel Wells is a freelance property reporter for View.com.au. She has more than two decades of experience as a journalist and editor, including at The Age and The Sunday Age. Most recently she was a journalist for Domain and an associate editor of Domain Review. Rachel Wells is a freelance property reporter for View.com.au. She has more than two decades of experience as a journalist and editor, including at The Age and The Sunday Age. Most recently she was a journalist for Domain and an associate editor of Domain Review. 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