Djokovic sinks Nadal at Olympics as Alcaraz moves on
PARIS, France — Novak Djokovic crushed Rafael Nadal 6-1, 6-4 in their blockbuster Olympics clash on Monday night (Manila time) as the two titans met for the 60th and possibly final time.
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Jollibee kills planned preferred shares offering
Jollibee [JFC 227.60, down 0.2%; 53% avgVol] [link] ended a rather uncharacteristic period of hesitation by announcing that it has withdrawn its offer of preferred shares. JFC originally filed the offer of up to 8 million preferred shares with the SEC back in June, and released its Preliminary Offer Supplement on June 27. JFC said that it withdrew the offer “after careful consideration of all relevant factors,” and that it would “explore other capital raising opportunities focused on shareholder value and optimization of our capital structure.” JFC had planned the proceeds of the sale of the preferred shares to refinance the company’s Series A Preferred Shares, but now says that the proceeds are “no longer needed for the refinancing” due to “the strong profit performance and cash flow generation of its Philippine business”. JFC also listed other factors that contributed to its decision, including its plan to “reduce its P23 billion CAPEX budget for 2024 by at least 20%”, the rate cuts that it expects to occur this year, and the “profit-accretive contribution from the consolidation of Compose Coffee.”
3 Filipina gymnasts bow out in Paris
FILIPINA gymnasts Levi Ruivivar, Emma Malabuyo and Aleah Finnegan made early exit in the 2024 Paris Olympics women's artistic gymnastics on Monday at the Bercy Arena.
Petecio wants the one that got away
PARIS — Though they broke through with medal feats in Tokyo, there’s yearning for Nesthy Petecio, Carlo Paalam and Eumir Marcial to be there on the mountaintop.
Creamline meets Chery
MANILA, Philippines — Michele Gumabao proved that Creamline is not just about having its top players around.
Villegas breaks ice for Pinoy Boxers
PARIS — Aira Villegas ably handled the gnawing pressure of being the first one from the Philippine Fighting Five to get into action, ending a lazy Sunday for the entire team with a crackling Olympic debut.
No sweat, no problem for Iga
MANILA, Philippines — Four-time French Open champion Iga Swiatek underlined her status at the heavy favorite for women’s gold at the Paris Olympics, swatting home hope Diane Parry aside 6-1, 6-1 on Monday.
Petecio begins hunt for Paris gold
BOXER Nesthy Petecio begins her hunt for the gold medal as she opens her Paris Olympics campaign at the North Paris Arena on Tuesday night (Manila time).