Peloton Sales Surge 172% as Pandemic Bolsters Home Fitness Industry (Micro News for September 12, 2020 – September 18, 2020) — Pearson Economic News

Home fitness firm Peloton posted the company’s first ever quarterly profit as sales surged 172% with more than 1 million subscribers now using the firm’s streaming fitness classes. The covid-19 pandemic pushed homebound consumers to buy stationary bikes and treadmills in record numbers which in turn pushed Peloton’s profits and stock price higher.

Peloton Sales Surge 172% as Pandemic Bolsters Home Fitness Industry (Micro News for September 12, 2020 – September 18, 2020) — Pearson Economic News

Rolls-Royce plans to raise about 2.5 bln stg – FT — Financial Post

Britain’s Rolls-Royce Holdings Plc is looking to raise around 2.5 billion pounds ($3.2 billion) from investors and is in talks with sovereign wealth funds, including Singapore’s GIC, the Financial Times reported https://www.ft.com/content/6f53a18d-acd8-4a71-8902-60b1bb5f9c09 on Saturday. Read More

Rolls-Royce plans to raise about 2.5 bln stg – FT — Financial Post
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