The Chinese embassy in Britain has slammed London’s “malicious” plan to expand an immigration pathway for Hongkongers after the sentencing of former media boss Jimmy Lai Chee-ying to 20 years in prison, accusing the UK of “manipulating” the issue. A spokesman for the Chinese embassy on Tuesday urged the UK government to stop interfering in China’s domestic affairs after it expanded the British Nat...
The Chinese embassy in Britain has slammed London’s “malicious” plan to expand an immigration pathway for Hongkongers after the sentencing of former media boss Jimmy Lai Chee-ying to 20 years in prison, accusing the UK of “manipulating” the issue. A spokesman for the Chinese embassy on Tuesday urged the UK government to stop interfering in China’s domestic affairs after it expanded the British National (Overseas) visa scheme in response to Lai’s sentencing. “The UK’s previous actions of this nature have already caused some misled Hong Kong residents to leave their homes, only to face discrimination and financial hardship upon arriving in the UK, effectively becoming ‘second-class citizens’,” he said. Advertisement “The current move to further manipulate the BN(O) issue is a contemptible tactic with malicious intent.” The embassy also urged London to stop its “political manipulation” or risk “humiliating itself and reaping the bitter fruits of its own actions”. Advertisement The UK’s Home Office on Monday announced that adult children of BN(O) passport holders, who were under 18 at the time of Hong Kong’s handover to China, would be independently eligible to emigrate to Britain under an expansion of the scheme.
Milos Ruzicka/iStock Editorial via Getty Images WPP ( WPP ) used to be the largest advertising holding company in the world, but it's in crisis mode at the moment. WPP lost major clients such as Mars and PepsiCo to competitors, and the stock dropped over 70% in the last year. WPP owns major advertising agencies such as Ogilvy & Mather, as well as a media buying empire, previously known as GroupM, ...
Milos Ruzicka/iStock Editorial via Getty Images WPP ( WPP ) used to be the largest advertising holding company in the world, but it's in crisis mode at the moment. WPP lost major clients such as Mars and PepsiCo to competitors, and the stock dropped over 70% in the last year. WPP owns major advertising agencies such as Ogilvy & Mather, as well as a media buying empire, previously known as GroupM, now called WPP Media . Investors are spooked because some high profile clients left, and investors are worried that WPP is lagging Publicis ( PUBGY ) in its integration of AI tools. WPP is responding by integrating AI services via WPP Open, but it's lagging. Data by YCharts WPP's stock has been declining over the last couple of years, but this year has been especially rough. At this point, WPP is becoming a takeover target with a market cap of only $4.5B, while doing a whopping $24B in revenue last year. At this valuation, I believe that WPP is undervalued and that it will turn around. Based on the financials of its existing business, I believe that the recent sell-off was excessive and presents a buying opportunity. Loss of Big Clients to Competitors The most relevant issue is that WPP lost large clients including Coca-Cola , PepsiCo, and lately Mars to competitors ($1.7b). Overall, this will have a substantial negative impact on the financials for the current fiscal year. It makes a big impact when high profile clients leave, and others follow suit. However, WPP recently won other bids such as Henkel , Reckitt, and Wendy's. Also, WPP won business for the UK government (worth $2.7B), the EU, and Jaguar. While this shows that WPP is still attracting clients, these accounts will probably not be enough to compensate the revenue loss of clients this year. As they guided a 5.5 to 6% decline in revenue for the end of this fiscal year. While a decline of 6% for one year is not catastrophic, it's not a good look. Based on trading YTD, we expect 2025 LFL growth in revenue less pass...
Ghislaine Maxwell appeals for clemency from Trump as she declines to answer questions toggle caption J. Scott Applewhite/AP WASHINGTON — Ghislaine Maxwell, the former girlfriend of Jeffrey Epstein, declined to answer questions from House lawmakers in a deposition Monday, but indicated that if President Donald Trump ended her prison sentence, she was willing to testify that neither he nor former Pr...
Ghislaine Maxwell appeals for clemency from Trump as she declines to answer questions toggle caption J. Scott Applewhite/AP WASHINGTON — Ghislaine Maxwell, the former girlfriend of Jeffrey Epstein, declined to answer questions from House lawmakers in a deposition Monday, but indicated that if President Donald Trump ended her prison sentence, she was willing to testify that neither he nor former President Bill Clinton had done anything wrong in their connections with Epstein. The House Oversight Committee had wanted Maxwell to answer questions during a video call to the federal prison camp in Texas where she's serving a 20-year sentence for sex trafficking, but she invoked her Fifth Amendment rights to avoid answering questions that would be self-incriminating. She's come under new scrutiny as lawmakers try to investigate how Epstein, a well-connected financier, was able to sexually abuse underage girls for years. Amid a reckoning over Epstein's abuse that has spilled into the highest levels of businesses and governments around the globe, lawmakers are searching for anyone who was connected to Epstein and may have facilitated his abuse. So far, the revelations have shown how both Trump and Clinton spent time with Epstein in the 1990s and early 2000s, but they have not been credibly accused of wrongdoing. Sponsor Message Dressed in a brown, prison-issued shirt and sitting at a conference table with a bottle of water, Maxwell repeatedly said she was invoking "my Fifth Amendment right to silence," video later released by the committee showed. During the closed-door deposition, Maxwell's attorney David Oscar Markus said in a statement to the committee that "Maxwell is prepared to speak fully and honestly if granted clemency by President Trump." He added that both Trump and Clinton "are innocent of any wrongdoing," but that "Ms. Maxwell alone can explain why, and the public is entitled to that explanation." Maxwell's appeal hits pushback Democrats said that was a brazen e...
bo feng/iStock via Getty Images The following segment was excerpted from the Third Avenue Value Fund Q4 2025 Commentary. For investors who typically hold equity investments for a year or two, which is the industry average for public funds in the U.S., statistically speaking, it seems reasonable to focus on analyzing an underlying business as a going concern in its present form. The shorter the tim...
bo feng/iStock via Getty Images The following segment was excerpted from the Third Avenue Value Fund Q4 2025 Commentary. For investors who typically hold equity investments for a year or two, which is the industry average for public funds in the U.S., statistically speaking, it seems reasonable to focus on analyzing an underlying business as a going concern in its present form. The shorter the time horizon, the less likelihood that a significant transformative event will change the composition of the business in a material way. On the other hand, for investors who tend to hold investments for five years or more, as the Fund does, significant corporate events that change the complexion and value of a business during one’s ownership period seem to be the norm, rather than the exception. In our experience, the probability of corporate change designed to create shareholder value seems particularly high for companies that are well-financed, which enables value-creating activity and affords company executives control over the timing of transactions. In our view, this is also true for companies that are undervalued, which often compels corporate executives or control parties to take action to remedy the undervaluation. Undervalued and well-financed companies run by clever, entrepreneurial people are at the heart of our investment approach, which is why a significant amount of our analytical effort is devoted to analyzing the potential for a company to create value through resource conversion activity. The term resource conversion, as popularized by our firm founder, encompasses all manner of shareholder value-enhancing corporate activity separate from the day-to-day operations of the business, such as share buybacks, recapitalizations, special dividends, asset disposals, spin-offs, acquisitions, or sale of the business. During the fourth quarter, and the full-year 2025, resource conversion activity was robust and largely positive. Below is a selection of several of the mor...
Anyone viewing the island has been warned by the agents to "take care and caution throughout inspections and to remain vigilant at all times for their own personal safety", given the potential risks "including the access route, terrain and tidal conditions".
Anyone viewing the island has been warned by the agents to "take care and caution throughout inspections and to remain vigilant at all times for their own personal safety", given the potential risks "including the access route, terrain and tidal conditions".
Dakota Gold ( DC ) priced its public offering of ~12.34M shares at ~$6.08, with gross proceeds expected to be ~$75M. The underwriters have an option to purchase ~1.85M additional shares, representing up to 15% of the offering. The offering is expected to close on or about February 11, 2025. Gross proceeds are expected to be ~$86.25M if the underwriters exercise the option in full. The company expe...
Dakota Gold ( DC ) priced its public offering of ~12.34M shares at ~$6.08, with gross proceeds expected to be ~$75M. The underwriters have an option to purchase ~1.85M additional shares, representing up to 15% of the offering. The offering is expected to close on or about February 11, 2025. Gross proceeds are expected to be ~$86.25M if the underwriters exercise the option in full. The company expects to use the net proceeds for working capital and other general corporate purposes. The stock price dropped ~6% on Monday during after-market hours of trading. More on Dakota Gold Corp. Dakota Gold announces $75M public offering Seeking Alpha’s Quant Rating on Dakota Gold Corp. Historical earnings data for Dakota Gold Corp. Financial information for Dakota Gold Corp.
(RTTNews) - Dutch consumer electronics giant Koninklijke Philips N.V. (PHGFF.PK, PHG) reported Tuesday a profit in its fourth quarter, compared to prior year's loss, driven by higher comparable sales. Further, the company issued fiscal 2026 and fiscal 2028 outlook, expecting growth. In the fourth quarter, net income was 397 million euros, compared to prior year's loss of 333 million euros. Earning...
(RTTNews) - Dutch consumer electronics giant Koninklijke Philips N.V. (PHGFF.PK, PHG) reported Tuesday a profit in its fourth quarter, compared to prior year's loss, driven by higher comparable sales. Further, the company issued fiscal 2026 and fiscal 2028 outlook, expecting growth. In the fourth quarter, net income was 397 million euros, compared to prior year's loss of 333 million euros. Earnings per share were 0.41 euro, compared to loss of 0.35 euro a year ago. Adjusted income from continuing operations was 0.60 euro per share, compared to 0.50 euro per share a year ago. Adjusted EBITA was 770 million euros, higher than 679 million euros a year ago. Adjusted EBITA margin was 15.1 percent, compared to prior year's 13.5 percent. Adjusted EBITDA grew to 991 million euros from 905 million euros last year, and adjusted EBITDA margin improved to 19.4 percent from prior year's 17.9 percent. Sales for the quarter grew 1 percent to 5.097 billion euros from 5.044 billion euros a year ago. Comparable sales growth was 7 percent, driven by growth across all segments. Comparable order intake grew 7 percent in the quarter, supported by growth in both Diagnosis & Treatment and Connected Care and continued strong performance in North America. Further, Philips said it intends to submit to the 2026 Annual General Meeting of Shareholders a proposal to declare a dividend of 0.85 euro per common share, in shares or cash at the option of the shareholder. Looking ahead for fiscal 2026, Philips expects adjusted EBITA margin of 12.5 percent to 13.0 percent, and comparable sales growth of 3 percent to 4.5 percent. The outlook includes currently known tariffs, and excludes ongoing Philips Respironics-related proceedings, including the investigation by the US Department of Justice. In fiscal 2025, adjusted EBITA margin was 12.3 percent and comparable sales growth was 2 percent. Further, Philips published 2026-2028 financial targets, including mid-single-digit comparable sales growth CAGR ov...
(RTTNews) - TUI GROUP (TUI1.DE) reported that its first quarter loss attributable to shareholders was 44 million euros compared to a loss of 85 million euros, a year ago. Underlying EBIT increased to 77 million euros from 51 million euros. Underlying loss per share was 0.08 euros compared to a loss of 0.17 euros. Revenue was 4.86 billion euros, down 11%. Revenue was up 1.3% at constant currency. T...
(RTTNews) - TUI GROUP (TUI1.DE) reported that its first quarter loss attributable to shareholders was 44 million euros compared to a loss of 85 million euros, a year ago. Underlying EBIT increased to 77 million euros from 51 million euros. Underlying loss per share was 0.08 euros compared to a loss of 0.17 euros. Revenue was 4.86 billion euros, down 11%. Revenue was up 1.3% at constant currency. TUI GROUP reaffirmed its guidance for fiscal 2026 at constant currency. The Group expects revenue to increase by 2-4%, and underlying EBIT to increase by 7-10%. At last close, shares of TUI were trading at 9.35 euros, up 0.28%. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
國產「雪豹」車輛完成南極實地測試 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】國產新一代「雪豹」車成功完成在南極內陸共1萬多公里的測試與驗證任務。 中國第42次南極考察隊格羅夫山隊副隊長孫鵬:「聯合研發團隊攻克...
國產「雪豹」車輛完成南極實地測試 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】國產新一代「雪豹」車成功完成在南極內陸共1萬多公里的測試與驗證任務。 中國第42次南極考察隊格羅夫山隊副隊長孫鵬:「聯合研發團隊攻克了動力系統極低溫快速啟動、傳統系統言負荷穩定機制、複雜地形抗震懸掛系統、抗低溫高彈性複合材料輪胎等一系列工程技術難題 。」 任務為期75天,「雪豹」全面測試並驗證在海冰、砂石、軟雪、硬雪和堅冰5種地形中快速行駛的穩定與安全性等關鍵指標,順利完成「站區快速運輸、站間快速抵達、任務快速機動、救援快速保障」4項任務,標誌內地極地內陸考察技術進展邁向高機動、高效率、高負載的新階段。
Lari Bat/iStock via Getty Images Fund performance Institutional Class shares of Columbia Disciplined Value Fund returned 3.79% for the quarter ended December 31, 2025. The fund posted positive absolute returns that performed in line with its benchmark, the Russell 1000 Value Index, which returned 3.81% for the same period. The fund's results can be attributed primarily to the relative performance ...
Lari Bat/iStock via Getty Images Fund performance Institutional Class shares of Columbia Disciplined Value Fund returned 3.79% for the quarter ended December 31, 2025. The fund posted positive absolute returns that performed in line with its benchmark, the Russell 1000 Value Index, which returned 3.81% for the same period. The fund's results can be attributed primarily to the relative performance of its model's stock selection measures. Market overview U.S. equities posted a gain of 2.41% during the fourth quarter, as measured by the Russell 1000 Index. The index returned 17.37% in 2025, marking the third year in a row in which it gained 15% or more, as well as the sixth of the last seven years. The positive three-month return was primarily a function of the same factors that propelled stocks over the full year: namely, better-than-expected economic growth, robust corporate earnings results and inflation that largely remained below an annualized rate of 3%. The U.S. Federal Reserve continued to ease policy, cutting rates by a quarter point at its meetings in October and December and announcing an end to the multi-year effort to reduce the size of its balance sheet. Stocks also remained supported by ongoing excitement surrounding the artificial intelligence ( AI ) theme, albeit with a brief stretch of concern in November that AI-related equities were in a "bubble." Notably, the quarter was characterized by a broadening of leadership away from the mega-cap technology stocks that had been key drivers of market performance for most of the year. At the style level, value stocks rose 3.81% — as measured by the Russell 1000 Value Index — and outpaced the 1.12% gain for the Russell 1000 Growth Index. Small caps also produced competitive returns relative to their larger peers after lagging for the majority of 2025, with a fourth-quarter return of 2.19% for the Russell 2000 Index. Top holdings (% of net assets): as of December 31, 2025 JP Morgan Chase ( JPM ) 4.00 Alphabet-A ...