Looking for momentum in a turnaround that has run out of steam, Aston Martin Chairman Lawrence Stroll is making deals with himself. The luxury-car maker, fresh off its third profit warning in a year, will get £50 million ($67 million) from Stroll’s Formula One team for using the Aston Martin name. The thing is, the racing outfit already owns the naming rights until 2055, with the new deal simply e...
Looking for momentum in a turnaround that has run out of steam, Aston Martin Chairman Lawrence Stroll is making deals with himself. The luxury-car maker, fresh off its third profit warning in a year, will get £50 million ($67 million) from Stroll’s Formula One team for using the Aston Martin name. The thing is, the racing outfit already owns the naming rights until 2055, with the new deal simply extending them in perpetuity. Those rights are something “most investors would not have ascribed a value to,” Barclays analyst Henning Cosman said Friday. Stroll’s creative effort to raise funds suggests increasing desperation at the debt-laden British carmaker. Aston Martin Lagonda Global Holdings Plc repeatedly had to raise money and issued a series of profit warnings since the Canadian billionaire’s rescue in 2020. Several supercar launches have failed to live up to his lofty expectations. Read More: Aston Martin Warns on Profit Again as Tariffs Take a Toll Friday’s profit warning — it forecast a larger-than-expected operating loss for 2025 — raises questions about Aston Martin’s future as a standalone company, said Anthony Dick , an analyst at Oddo. Since the automaker listed in London in 2018, its shares have lost nearly all their value. “They’ve tried different things, they’ve got a new product range, a new CEO, and they’re still struggling to make things work,” Dick said. “So one does wonder whether it can thrive as an independent company.” Aston Martin could do with the support of another carmaker, Dick said. He cited Rolls-Royce Motor Cars Ltd. and Bentley Motors Ltd as other British luxury brands that have prospered under its larger owners BMW AG and Volkswagen AG , respectively. Aston Martin declined to comment. The company has been stuck in a doom loop ever since Stroll entered the frame. New models have been delayed before failing to excite enough customers, with the automaker repeatedly tapping shareholders for more funds. Since taking over, Stroll’s consortium...
The Good Brigade/DigitalVision via Getty Images LEAP, LEAP, and a little more LEAP. That's basically all anyone's talking about regarding Rogers Sugar ( RSI:CA )( RSGUF ) right now. And, to be honest, the market is right to see LEAP as the biggest catalyst for this manufacturer and distributor of sugar and maple products. As I told you before , the new Montreal plant would add 100,000 metric tons ...
The Good Brigade/DigitalVision via Getty Images LEAP, LEAP, and a little more LEAP. That's basically all anyone's talking about regarding Rogers Sugar ( RSI:CA )( RSGUF ) right now. And, to be honest, the market is right to see LEAP as the biggest catalyst for this manufacturer and distributor of sugar and maple products. As I told you before , the new Montreal plant would add 100,000 metric tons to their current refining capacity (this would mean a capacity increase of ~10.2%, generating an incremental EBITDA of ~$20 to $25 million with a 7.5% ROI). Pricing a post-LEAP EBITDA of $175 to $185 million and long-term net debt of ~$390 million, I told you the stock would be worth approximately $7 (midpoint range from a multiple of 6.5x to 9.5x EBITDA) in two years. My rationale was for existing holders to hold it like a bond-like equity and take advantage of dividends and buybacks along the way (especially from FY 2028 onwards). For new buyers, I'd rather see a retracement before stepping in. It turns out that after releasing the Q1 FY 2026 results , the stock moved closer to that point. Seeking Alpha Since my last article, my 'Hold' rating has delivered a total return of just over 6.5% against a 1.6% drop in the S&P. However, if we broaden the scope a bit—looking at my article from last August, for example—the total return was just over 3.5%, slightly less than half the S&P over the same stretch. This leads me to think that with all the attention on LEAP, the good news is gradually being priced in. There's still a modest cushion to my price target, around 8%, but I wouldn't be surprised if it just hovers around these levels for a while. With that out of the way, let’s assume the current setup is already priced in and focus on what’s changed. In this follow-up, I want to dig into two angles with you: Q1 FY 2026 results (especially if anything structural has changed in the thesis); and Rogers Sugar post-LEAP (digging into what they can do in FY 2028 and beyond). What's H...
Kessler Topaz Meltzer & Check, LLP Filed a Securities Fraud Class Action Lawsuit Against Oracle Corporation (ORCL); April 6, 2026, Lead Plaintiff Deadline The Globe and Mail
Kessler Topaz Meltzer & Check, LLP Filed a Securities Fraud Class Action Lawsuit Against Oracle Corporation (ORCL); April 6, 2026, Lead Plaintiff Deadline The Globe and Mail
Angola’s state-owned airline is studying the introduction of a direct service between the capital, Luanda, and Guangzhou in China, Jornal de Angola reported on Friday. TAAG Linhas Aereas de Angola Chairman Clovis Rosa told the state-run newspaper the proposed route addition was part of a strategy to trim losses at the airline to about $90 million in 2026 from $123 million last year. Adding the Gua...
Angola’s state-owned airline is studying the introduction of a direct service between the capital, Luanda, and Guangzhou in China, Jornal de Angola reported on Friday. TAAG Linhas Aereas de Angola Chairman Clovis Rosa told the state-run newspaper the proposed route addition was part of a strategy to trim losses at the airline to about $90 million in 2026 from $123 million last year. Adding the Guangzhou service would help deepen economic ties between the two nations, Rosa said. Angola opened a new airport outside Luanda in late 2023, which it projected would be able to handle 15 million passengers a year. Rosa gave no timeline for the airline’s return to profit, saying the priority was sustainability. “We are growing with discipline, increasing fleet utilization and strengthening revenue generation. That is the path,” he was reported as saying. Sign up here for the twice-weekly Next Africa newsletter , and subscribe to the Next Africa podcast on Apple , Spotify or anywhere you listen .
OpenAI has more than 200 people working on a family of AI-powered devices that will include a smart speaker and possibly smart glasses and a smart lamp, the Information reported on Friday, citing a person with knowledge of the plans. The smart speaker, the first device OpenAI will launch, is likely to be priced between $200 and $300, the report said, citing two people with knowledge of it. Th...
OpenAI has more than 200 people working on a family of AI-powered devices that will include a smart speaker and possibly smart glasses and a smart lamp, the Information reported on Friday, citing a person with knowledge of the plans. The smart speaker, the first device OpenAI will launch, is likely to be priced between $200 and $300, the report said, citing two people with knowledge of it. The smart glasses likely would not be ready for mass production until 2028, the report said.
Wheat is mixed to start Friday morning trade, with Chicago leading the way higher. The wheat complex was in rally mode across all three markets on Thursday. Chicago SRW futures closed 12 to 15 cents higher on the day to lead the bull’s charge. Open interest was up 1,934 contracts....
Wheat is mixed to start Friday morning trade, with Chicago leading the way higher. The wheat complex was in rally mode across all three markets on Thursday. Chicago SRW futures closed 12 to 15 cents higher on the day to lead the bull’s charge. Open interest was up 1,934 contracts....
imaginima/E+ via Getty Images Year to date, the energy sector has been one of the market’s strongest performers. In light of this, below is a list of the top 10 oil and gas equipment and services stocks ranked by their YTD performance as of February 2026. The list features companies with market capitalizations ranging from approximately $600 million to over $60 billion, all operating primarily in ...
imaginima/E+ via Getty Images Year to date, the energy sector has been one of the market’s strongest performers. In light of this, below is a list of the top 10 oil and gas equipment and services stocks ranked by their YTD performance as of February 2026. The list features companies with market capitalizations ranging from approximately $600 million to over $60 billion, all operating primarily in the United States. The list is topped by National Energy Services Reunited ( NESR ), with a YTD performance exceeding 54%. Oceaneering International ( OII ) and Oil States International ( OIS ) follow as the next highest performers, both securing gains above 47%. Tidewater ( TDW ), Liberty Energy ( LBRT ), and Helix Energy Solutions Group ( HLX ) round out the middle of the pack with returns between 45% and 46%. The group features diversity in Quant ratings, with “Strong Buy” ratings for National Energy Services Reunited ( NESR ) at 4.98 and Forum Energy Technologies ( FET ) at 4.86. Industry giants such as Baker Hughes Company ( BKR ) and TechnipFMC plc ( FTI ) also appear among the top year-to-date movers, though they carry “Hold” ratings. Here is the list: National Energy Services Reunited ( NESR ), YTD perf: 54.53%, Quant rating: 4.98 Oceaneering International ( OII ), YTD perf: 50.56%, Quant rating: 3.20 Oil States International ( OIS ), YTD perf: 47.71%, Quant rating: 4.21 Tidewater ( TDW ), YTD perf: 46.21%, Quant rating: 3.03 Liberty Energy ( LBRT ), YTD perf: 45.67%, Quant rating: 3.36 Helix Energy Solutions Group ( HLX ), YTD perf: 45.14%, Quant rating: 3.09 ProFrac Holding ( ACDC ), YTD perf: 44.47%, Quant rating: 2.31 Forum Energy Technologies ( FET ), YTD perf: 43.52%, Quant rating: 4.86 TechnipFMC ( FTI ), YTD perf: 38.60%, Quant rating: 3.31 Baker Hughes ( BKR ), YTD perf: 37.37%, Quant rating: 3.22 Energy ETFs: ( XLE ), ( AMLP ), ( VDE ), ( XOP ), ( OIH ), and ( IXC ) More on energy stocks AMLP: Attractive 8% Dividend Yield But With Limited Price Appreciatio...
British labels move focus from innovation to style as names drop off show schedule owing to financial pressure “London fashion has leant too much into being theatrical. Drama is great, but style is a huge piece of why we buy fashion,” said Mario Arena, the creative director of Joseph, at its first catwalk show in eight years. Arena has a subversive idea to re-energise London fashion week. More pol...
British labels move focus from innovation to style as names drop off show schedule owing to financial pressure “London fashion has leant too much into being theatrical. Drama is great, but style is a huge piece of why we buy fashion,” said Mario Arena, the creative director of Joseph, at its first catwalk show in eight years. Arena has a subversive idea to re-energise London fashion week. More polish, less pantomime: clothes that sell, rather than clothes that scream. Continue reading...
In a consequential decision that most of the world awaited expectantly, with billions of dollars on the line, the US Supreme Court ruled Friday that the president’s tariffs were not legal, paving the way for massive refunds of well over US$100 billion already paid and the likelihood of a tumultuous adjustment. The decision was the most significant setback yet for the administration from a High Cou...
In a consequential decision that most of the world awaited expectantly, with billions of dollars on the line, the US Supreme Court ruled Friday that the president’s tariffs were not legal, paving the way for massive refunds of well over US$100 billion already paid and the likelihood of a tumultuous adjustment. The decision was the most significant setback yet for the administration from a High Court that has broadly accepted Trump’s expansive view of executive power. The momentous decision to...