Poundstretcher Ltd. ’s restructuring plan won court approval, giving the struggling UK discount retailer a lifeline to continue trading as it battles deteriorating finances and a costly portfolio of stores. Justice Hildyard sanctioned the plan by the Fortress Investment Group -backed company, overriding the objections of six creditor classes, all of which are landlords facing rent reductions, according to a judgment handed down on Friday. The proposal’s central feature is to slash rents by between 25% and 100% on around 100 Poundstretcher stores, depending on each site’s profitability. Fortress, which acquired the company in 2024, will also provide support including extending a zero-interest shareholder loan to 2029, and forgiving roughly £8.9 million ($12 million) of intercompany debt. Poundstretcher is among a growing number of discount retailers turning to courts to push through restructurings that impose losses on dissenting landlords and other creditors, as the sector battles weak consumer demand and high operating costs. Fortress-Backed UK Retailer Faces Landlord Fight Over Debts (1) The company’s troubles are particularly acute. It faced a cash crisis earlier this year and was forced to seek support from Fortress, which provided a £30 million financing facility. The company previously went through a UK insolvency procedure to restructure lease costs, in an earlier attempt to stabilize the business. Without court approval by July 10, an event of default would have been triggered under the company’s shareholder loan facility, with cross-defaults likely to follow under its Wells Fargo asset-backed lending facility, the judgment said. The only available alternative would be to place the retailer into administration, the company argued in court. Poundstretcher operates more than 300 stores across the UK and employs over 3,000 people. The plan will “strengthen Poundstretcher’s long-term position and help create a company that can grow sustainably in the years ahead...

格隆汇6月12日｜超达装备公告称，2025年2月26日至2026年6月11日，因公司实施股权激励计划、可转债转股，股东济南泉兴持股比例被动稀释；2026年5月11日至6月11日，该股东通过集中竞价、大宗交易方式减持股份。截至6月11日，其持股数量由5425845股减至4097945股，持股比例由6.82797%降至4.99995%，不再是持股5%以上股东。济南泉兴此前披露的减持计划尚未实施完毕，不排除未来12个月内继续增持或减持。

Key PointsFidelity MSCI Financials Index ETF (FNCL) offers a significantly lower expense ratio than Invesco KBW Bank ETF (KBWB).

lcva2/iStock Editorial via Getty Images Article Thesis My last article about Microsoft Corporation ( MSFT ) was in February. After some “Hold” ratings last year, I finally saw it as a “Buy” in February, after a stock pullback to ~$401 and with a fair value estimate of $545. Besides valuation, I saw a powerful combination of a strong economic moat with their powerful ecosystem across multiple segments, double-digit revenue growth, especially fueled by Azure, high profitability, and financial flexibility. They could afford massively increased CapEx for avid data center needs while still maintaining a large cash position and positive free cash flow. With “only” 36% potential upside to my fair value estimate, I didn’t go for a stock position, but I initiated a bull Put spread strategy. I did that because I targeted more than that 36% ROI (~46%) and that with a margin of safety (the stock above $360 until November), while maintaining dry powder to add on a pullback below ~$355. Per total, about 2/3 of a normal-sized position. Today, with the stock at about the same level, I’m incorporating some highlights from their last earnings call, and I am reassessing my fair value estimate. Based on that, I am adding some shares to my position for a full-sized position, and I’ll describe below why a different strategy compared to my initial one. Business Highlights Let’s take a look at their recent performance and reassess their economic moat for each business segment and sub-segment: Microsoft Q3'26 Results (Earnings Presentation) Productivity and Business Processes (~42% of total revenue, with an average growth): Microsoft 365 Commercial Cloud grew 19% YoY, driven by E5 and Copilot. Their continuing quasi-monopoly and high switching costs for massive integrations through various applications point to a strong moat, reinforced by a slightly increasing gross margin despite investments in AI infrastructure. Microsoft 365 Consumer Cloud grew 33%, also with a strong moat for its quasi...

If Switzerland votes to cap the population at 10 million inhabitants, this could severely impact labor-intensive sectors like restaurants, construction, and healthcare, as well as innovative sectors like scientific research and product development, all of which depend 'heavily' on foreign workers, says Rudolf Minsch, Chief Economist at Swiss business sector umbrella organization Economiesuisse. He spoke on 'The Pulse with Francine Lacqua' on Bloomberg TV. (Source: Bloomberg)

又一家国资房企迎来人事更迭。 6月11日下午，北京首都开发股份有限公司（以下简称“首开股份”）发布公告称，近日，公司董事会收到董事长李岩的书面辞职报告。因工作调整原因，李岩申请辞去公司法定代表人、董事长、董事及董事会专门委员会相关职务。李岩的辞职报告自送达董事会之日起生效，辞职后李岩将不再担任公司及控股子公司任何职务。 首开股份在公告中强调，李岩未持有公司股份，所负责的相关工作已交接完毕，他的辞职不会导致董事会成员低于法定人数，不会影响董事会的正常运作。 这位掌舵首开股份近7年的“一把手”，任期横跨地产行业上行期与深度调整期，亲历公司从盈利巅峰坠入亏损泥潭。如今，他在首开股份盈利困境未解的背景下调任，其接任者与公司未来的走向备受市场关注。 7年掌舵，功过交织 李岩的职业生涯兼具政府管理与企业运营双重经验。 公开资料显示，李岩出生于1969年，大学本科学历。2010年8月至2016年8月，任北京市西城区人民政府副区长；2016年8月，任首开集团董事、总经理；2016年12月起任首开股份副董事长；2019年8月2日，首开股份第九届董事会第一次会议以9票赞成、0票反对、0票弃权，选举李岩为公司董事长。 对于李岩的工作，首开股份在公告中表示了认可。 首开股份公告称，李岩自担任公司董事长、董事以来，勤勉尽责、恪尽职守，在把握公司战略发展方向、完善公司治理机制、加强董事会建设、推动公司平稳发展等方面发挥了重要作用，公司董事会谨对李岩在任职期间为公司发展所做的努力和贡献表示由衷的敬意和诚挚的感谢。 李岩掌舵首开股份的近7年，恰逢房地产行业经历深刻的结构性调整阶段，首开的业绩也经历了剧烈波动。 年报数据显示，2019年~2025年，首开股份归属母公司净利润分别为27.58亿元、31.40亿元、2.637亿元、-4.609亿元、-63.39亿元、-81.41亿元、-66.25亿元，呈现出从盈利到连续亏损的巨大落差。 “主要因公司毛利率偏低，税金及附加、期间费用规模较大，部分房地产开发项目出现减值迹象，计提了存货跌价准备。”对于2025年亏损原因，首开股份在年报中表示。 纵观近些年的年报，首开股份的减值计提在不断加码。2022年，首开股份计提资产减值准备0.5亿元，2023年增至17.05亿元，2024年直接飙到35.7亿元。根据最新公告，2025年，公司计提资产减值准备总计33. 3...

In early June 2026, Lucid Group began rolling out a major over-the-air update for its Gravity SUV in North America, adding hands-free highway driving, richer Google-powered navigation data, and enhanced charging and visibility features for vehicles equipped with the optional DreamDrive 2 Pro system. At the same time, Lucid is grappling with a series of securities class action lawsuits alleging that management misrepresented supplier quality problems that disrupted Gravity deliveries and hurt...

Constellation Energy (NasdaqGS:CEG) is progressing regulatory steps to restart the Crane Clean Energy Center, including FERC approval for interconnection capacity. The NRC is conducting an environmental review for the former Three Mile Island Unit 1 facility as part of the restart process. Constellation has entered long term, carbon free power agreements with major technology companies, including Microsoft and Meta, aimed at supplying nuclear power for AI and data center...

数日前，赛力斯旗下的赛豆科技与字节跳动旗下的火山引擎联合发布了新能源汽车品牌AIVA，并确认该品牌首款车型ME7将于今年内发布。 随后，在工信部最新一批申报名单中，火山引擎与上汽联合打造的首款量产车荣威家越07位列其中。火山引擎与上汽的合作，比赛力斯更早，并在今年4月首批展示了家越06/07/09三款车型。 有趣的是，与跨界进入汽车行业的华为相同，字节跳动坚决否认参与造车，明确表态未参股车企。似乎，字节跳动打算走华为的路线，不亲自造车，而是与广大车企合作，成为技术赋能者。 左手AIVA右手荣威家越，字节决心已定 成为技术赋能者的前提，是拥有技术。作为国内赫赫有名的互联网巨头，字节跳动2021年便成立了云与AI服务平台火山引擎，业务覆盖汽车、金融、文娱等多个领域。 早期字节跳动在汽车领域主要提供软件生态服务，到了2024年，火山引擎联合中国电动汽车百人会及部分汽车行业相关企业，组建了「火山引擎汽车大模型生态联盟」，首批合作伙伴包括一汽红旗、吉利汽车、长城汽车等25家车企。 （图源：火山引擎官网） 今年4月下旬的北京车展上，火山引擎发布了基于Agentic AI架构的新一代汽车AI解决方案，彻底打通车控、导航、智驾等关键功能，首次真正实现端到端AI原生座舱架构。该架构与舱驾一体有异曲同工之妙，可实现整车能力的统一调度。 基于此，火山引擎提供豆包座舱助手方案和AI座舱套件方案，前者是完整的产品级交付方案，可以与手机端豆包App互联网互通、协同进化，后者则是在前者的基础上，进行了Agentic化架构升级，车企可按需自由配置。 不过，与传统舱驾一体方案座舱域智驾系统在一颗芯片上运行不同，火山引擎的方案聚焦模型层面的数据与任务打通。最关键的是，字节跳动选择芯片开放适配，无论是国外的NVIDIA、高通，还是国内诸多芯片厂商，都可以与火山引擎联合适配。火山引擎透露，已经与100%主流车企达成合作，搭载豆包大模型的汽车超过700万辆。 （图源：荣威汽车） 在电车通看来，火山引擎正在构建的是一个所有车企、供应链企业都可以加入的平台，以豆包助手、智驾技术为绝对核心，打通软硬件的壁垒，方便车企定制智驾系统和智能座舱。 在汽车行业根基尚浅的火山引擎，需要一些产品作为展示，家越06/07/09、AIVA ME7等车型，就是火山引擎乃至字节跳动在汽车领域技术底蕴的集中展现。荣威家越07已经入网，...

West Texas Intermediate and Brent crude fell further on Friday on reports that a potential deal would lift oil sanctions on Iran.

Key PointsDue to its fast speeds and low costs, Solana has become the top blockchain challenger to Ethereum.

Microsoft (NasdaqGS:MSFT) is reportedly overhauling its Xbox division, with large planned layoffs and sharp marketing budget cuts. The gaming unit is set for a broad reset under newly appointed Xbox CEO Asha Sharma. The changes are aimed at addressing declining revenue, low margins, and operational inefficiencies in the gaming business. For investors watching Microsoft at a share price of $390.34, this shift in the Xbox division comes against a mixed return profile. The stock is down 8.8%...

Tesla (TSLA) is back in focus after a packed week that combined an unsupervised robotaxi rollout in Austin, fresh Full Self-Driving approvals in Belgium and Denmark, and a high profile upgrade from JPMorgan. See our latest analysis for Tesla. At a share price of US$399.15, Tesla has swung between sharp daily moves and a weaker short term trend, with a 1 day share price return of 4.60% but a 30 day share price return down 7.91%. At the same time, the 1 year total shareholder return sits at...

Bezos' second act is sponsored by all of Wall Street. Blackstone, JP Morgan Chase, Goldman Sachs and of course, some of his own money too.

德国警方12日说，因发生一起安全事件，德国汉堡机场候机区当天上午被紧急疏散，所有已通过安检的旅客被要求离开该区域，部分已登机乘客也被要求下机。德国警方表示，这是一起“警务事件”，但未透露具体原因，也未说明潜在威胁来源。警方随后将对相关航站楼区域展开全面搜查。据德国媒体报道，此次关闭仅影响候机区，机场其他公共区域仍正常使用。不过，由于安保行动持续进行，机场航班运行受到明显影响，不少航班出现延误。（新华社）

Build-A-Bear Workshop ( BBW ) has officially completed its multi-year, planned succession process , announcing that Chris Hurt has assumed the role of CEO. Hurt takes over from Sharon Price John, who spent 13 years successfully turning the company around. While she is stepping down as CEO, she will stay on the board of directors. Hurt has been with Build-A-Bear for over 11 years, most recently serving as Chief Operations and Experience Officer. In conjunction with the CEO transition, Build-A-Bear has expanded the responsibilities of its existing executive leadership team to accelerate multi-channel growth and improve operational efficiency: The current CFO has added the title of Chief Administrative Officer . Previously serving as the Chief Revenue Officer, Henderson has been appointed Chief Growth Officer . More on Build-A-Bear Workshop Build-A-Bear Workshop: Setup For Recovery In Back Half Of Year Build-A-Bear: Inflation Headwinds Persist, But The Long-Term Setup Looks Attractive Here Build-A-Bear Workshop, Inc. (BBW) Q1 2026 Earnings Call Transcript Build-A-Bear targets $530M-$550M revenue and $72M-$78M pretax income as it maintains plan for 50+ new locations Build-A-Bear Workshop Non-GAAP EPS of $1.03 beats by $0.28, revenue of $125.3M misses by $4.33M

In recent trading, shares of Kimco Realty Corp (Symbol: KIM) have crossed above the average analyst 12-month target price of $25.67, changing hands for $25.75/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on val

In recent trading, shares of CrediCorp Ltd. (Symbol: BAP) have crossed above the average analyst 12-month target price of $357.22, changing hands for $368.83/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valu

In recent trading, shares of Moderna Inc (Symbol: MRNA) have crossed above the average analyst 12-month target price of $46.62, changing hands for $49.70/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuatio

In recent trading, shares of Powell Industries, Inc. (Symbol: POWL) have crossed above the average analyst 12-month target price of $289.17, changing hands for $290.16/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgra

In recent trading, shares of Liquidia Corp (Symbol: LQDA) have crossed above the average analyst 12-month target price of $66.12, changing hands for $71.72/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuat

伊朗伊斯兰共和国通讯社12日报道，伊朗方面在伊美谅解备忘录草案的最新文本中，“未就放弃霍尔木兹海峡管理权或将该海峡状况恢复至战事开始前的状态作出任何承诺”。报道称，最新文本就霍尔木兹海峡提及的事项包括：若战事结束，实现霍尔木兹海峡通航正常化；由沿岸国家确保航线安全；结束美国的“非法封锁”；消除美国和以色列对商船通行的威胁。报道称，伊朗要求，美国不参与对霍尔木兹海峡的未来管理。霍尔木兹海峡日后的管理将基于伊朗提议，在一个与地区国家相关的框架内进行。报道还称伊美谅解备忘录文本“已接近定稿”。（新华社）

信報即時新聞- 港交所通告- 百濟神州(06160) 股東周年大會的結果/ 更換董事或重要行政職能或職責的變更/ 更換審核委員會成員/ 更換薪酬委員會成員/ 更換提名委員會成員/ 股份計劃 信報網站

格隆汇6月12日｜京东方A发布投资者关系活动记录表公告，公司2020年启动玻璃基载板技术调研，2022年投资3.9亿元建设玻璃基/硅基兼容的晶圆级创新实验平台，2024年投资9.93亿元建设板级玻璃基封装载板试验线，并于2025年内完成主设备搬入调试，2026年上半年已实现全自动化设备通线。该试验线设计产能1000片/月。目前，公司已实现TGV开孔、深孔填铜、增层、布线等玻璃基封装载板全流程工艺拉通，并于2025年完成大尺寸高层数（9-2-9，20层）玻璃基载板样品开发和送样。

Brent crude falls as optimism rises strait of Hormuz could reopen over the weekend Business live – latest updates Global oil prices fell on Friday to lows not seen since the first week of the Iran crisis after Donald Trump claimed he was close to reaching a peace deal with Tehran. The price of Brent crude began to tumble from about $93 a barrel in overnight trade after the US president called off further military strikes against Iran which were scheduled for the evening. Continue reading...

金域医学公告，公司拟使用自有资金与圣域钫、金基培元、金垚智合、鑫垣汇智及金坤智源共同投资设立金坤医智，注册资本5000万元。其中，公司、圣域钫、金垚智合分别认缴出资1000万元，持股比例分别为20%；鑫垣汇智认缴出资500万元，持股比例10%；金基培元及金坤智源分别认缴出资750万元，持股比例分别为15%。本次交易构成关联交易，未构成重大资产重组。

The National Electrical Contractor's Association (NECA) is proud to recognize continued funding from Google's philanthropy, Google.org to modernize skilled trades training and expand access to in-demand, high-wage careers across the country. On Thursday, June 11, 2026, Google.org announced a second round of funding for the electrical training ALLIANCE (etA), a training program jointly funded by NECA and the International Brotherhood of Electrical Workers (IBEW).

Pingtung breaks ground on Taiwan's 1st semiconductor supply chain park Focus Taiwan

Plus, Brexit at 10, dinner as protest, 100 best novels and not watching the World Cup (yet) We’re approaching the 10-year anniversary of the Brexit referendum. Documentaries are being aired and newspaper features are being written. But one thing seems to be missing. Why aren’t all those big names who campaigned for Brexit back in 2016 now shouting from the rooftops about what a great success it has been? Continue reading...