Oxford Biomedica plc ( OXBDF ): FY revenue of £ 170.9M (+32.7% Y/Y). Operating EBITDA profit of £8.1 million ( CC ) (FY2024: £(15.3) million), while u nderlying EBITDA was £3.3 million excluding the gain (£9.9 million), acquisition (£1.3 million), integration, and site (£3.8 million) costs for the Durham, NC facility. On a constant currency basis, FY 2026 revenues are expected to be between £220-2...
Oxford Biomedica plc ( OXBDF ): FY revenue of £ 170.9M (+32.7% Y/Y). Operating EBITDA profit of £8.1 million ( CC ) (FY2024: £(15.3) million), while u nderlying EBITDA was £3.3 million excluding the gain (£9.9 million), acquisition (£1.3 million), integration, and site (£3.8 million) costs for the Durham, NC facility. On a constant currency basis, FY 2026 revenues are expected to be between £220-240 million, representing >35% CAGR for 2023-2026, and the operating EBITDA margin is expected to be approximately 10%. H1 2026 is expected to be loss-making on an EBITDA level, with H2 delivering a double-digit operating EBITDA margin. More on Oxford Biomedica plc Oxford Biomedica plc 2025 Q4 - Results - Earnings Call Presentation Bristol-Myers, OXB sign multi-year CAR-T supply deal Historical earnings data for Oxford Biomedica plc Financial information for Oxford Biomedica plc
In this article UAL Follow your favorite stocks CREATE FREE ACCOUNT British Airways Airbus A380 Superjumbo passenger aircraft, spotted flying on final approach for landing on London Heathrow Airport runway in the United Kingdom. Nicola Economou | Nurphoto | Getty Images British Airways is offering a financial incentive to its pilots who reduce their planes' fuel consumption, as the U.S.-Iran war c...
In this article UAL Follow your favorite stocks CREATE FREE ACCOUNT British Airways Airbus A380 Superjumbo passenger aircraft, spotted flying on final approach for landing on London Heathrow Airport runway in the United Kingdom. Nicola Economou | Nurphoto | Getty Images British Airways is offering a financial incentive to its pilots who reduce their planes' fuel consumption, as the U.S.-Iran war continues to plague travel and drive up jet fuel prices. The airline's pilots would have to cut their aircraft's carbon dioxide emissions by 60,000 tons more than their 2025 levels to receive a bonus worth 1% of their base pay, according to documents viewed by Bloomberg News and reported on Tuesday. British Airways confirmed to CNBC that it's working with the British Airline Pilots' Association (BALPA) on this initiative and said it's "fully committed to making improvements to colleagues' experience at work," in a statement. Members of the BALPA will vote on the proposal at the end of April and it is expected to go into effect next year, a person familiar with the matter told Bloomberg. "BALPA and British Airways are exploring potential changes to terms and conditions for pilots at British Airways, including ways in which pilots can continue to contribute to the company's sustainability goals," BALPA said in a statement to CNBC. The trade union, which says it represents 85% of pilots in the U.K., added that "any proposed changes to terms and conditions will be put to members to vote upon." Jet fuel prices surge The initiative comes as global airlines continue to struggle with soaring jet fuel prices amid the U.S. war with Iran. Iran's blockage of the Strait of Hormuz, through which about 20% of global oil supply passes, has caused prices to surge to over $100 per barrel. International benchmark Brent crude last added nearly 5% to trade at $107 per barrel, while U.S. West Texas Intermediate futures climbed 4.2% to $94 per barrel. Meanwhile, jet fuel prices have also surged ab...
Alex Borderline/iStock via Getty Images It is with some trepidation that I write this article, as I am keenly aware of the hype surrounding the SpaceX IPO and what it could mean for EchoStar ( SATS ). As such, I may be roasted in the comments. Let’s run the thesis anyway. The stock is up nearly 350% over the last year, partly reflecting optimism surrounding the IPO. The bad news is that the compan...
Alex Borderline/iStock via Getty Images It is with some trepidation that I write this article, as I am keenly aware of the hype surrounding the SpaceX IPO and what it could mean for EchoStar ( SATS ). As such, I may be roasted in the comments. Let’s run the thesis anyway. The stock is up nearly 350% over the last year, partly reflecting optimism surrounding the IPO. The bad news is that the company still has a weak balance sheet and is still operating at a loss while trading at a massive premium to peers. It appears that the upside connected to the SpaceX deal may already be priced in. The SpaceX Deal In a Nutshell On September 8, 2025, news broke that EchoStar had struck a deal with SpaceX. Under the terms of the agreement, EchoStar would sell its AWS-4 and H-block spectrum licenses to SpaceX for $8.5 billion in cash and $8.5 billion in SpaceX stock. Investors understandably rejoiced, as the deal did several good things for long-suffering EchoStar. First of all, it validates the value of the company’s spectrum assets, as somebody actually bought them, and to some degree also validates its strategy of focusing on satellite-to-device services. This is meaningful considering the broader industry shift towards hybrid satellite-terrestrial networks, and commercial cooperation in this area lowers investors’ perceived downside risk. Secondly, it shores up the company’s balance sheet . According to Seeking Alpha figures, between December 2020 and December 2025, the company went from a roughly breakeven balance sheet position to a net debt position of a whopping $28 billion. This is not a case of a few bad years. This is an explosion of leverage, which likely has investors seriously wondering whether EchoStar can remain liquid with cash from operations in December 2025 of negative $99.4 million. Although $8.5 billion is a solid cash injection, the company will still have a net debt position. Much of the deleveraging that the market appears to be pricing in still depends on ...
US Postal Service Plans 8% Fuel Surcharge As Iran War Raises Transport Costs By Eric Kulisch of FreightWaves , The U.S. Postal Service is seeking permission to impose a fuel surcharge on parcel products for the first time ever to cover soaring transportation costs for gasoline and diesel fuel, which have jumped more than 30% since the invasion of Iran by the United States and Israel nearly a month...
US Postal Service Plans 8% Fuel Surcharge As Iran War Raises Transport Costs By Eric Kulisch of FreightWaves , The U.S. Postal Service is seeking permission to impose a fuel surcharge on parcel products for the first time ever to cover soaring transportation costs for gasoline and diesel fuel, which have jumped more than 30% since the invasion of Iran by the United States and Israel nearly a month ago. Parcel shipments would be charged an 8% fee, on top of their regular transportation charge, if the fee is approved. The quasi-private agency on Wednesday sought permission from the Postal Regulatory Commission for a time-limited price adjustment on parcel shipments because of rapidly changing market prices for fuel. It would be the first time in its history that the Postal Service has applied a fuel fee, a common practice with private carriers like DHL, FedEx and UPS. The Postal Service also said that the temporary surcharge would help it transition to a permanent mechanism for imposing surcharges on competitive products to support its universal service obligation in a more financially sustainable way. Last fiscal year, the USPS lost $9 billion, with an operating loss of about $2.7 billion. The 8% planned price change, which was approved by the Governors of the Postal Service on Tuesday, would affect base postage prices Priority Mail Express, Priority Mail, USPS Ground Advantage, and Parcel Select. The price change is scheduled to go into effect on April 26 and remain in place through Jan. 17, 2027. At that time, the Postal Service can determine if a different long-term approach is needed. Nearly all USPS delivery vans run on gasoline, which has jumped about $1 in price to nearly $4 per gallon in less than a month. The organization also uses diesel fuel for large trucks that move mail and packages long distances to distribution centers. The big parcel carriers have standard fuel surcharge mechanisms that automatically update each week as the price of fuel changes. Ins...
GaryPhoto/iStock Editorial via Getty Images U.S. states that have legalized sports betting have seen a deterioration in household credit health, with higher delinquency rates and lower credit scores, Bloomberg reported, citing new research from the Federal Reserve Bank of New York. The study found that among people under 40, the core demographic for sports wagering, the share at least 90 days late...
GaryPhoto/iStock Editorial via Getty Images U.S. states that have legalized sports betting have seen a deterioration in household credit health, with higher delinquency rates and lower credit scores, Bloomberg reported, citing new research from the Federal Reserve Bank of New York. The study found that among people under 40, the core demographic for sports wagering, the share at least 90 days late on credit card payments rose 7.9% following legalization, while auto loan delinquencies increased 5.6%. Researchers Jacob Goss and Daniel Mangrum said the findings point to “dramatic implications for household financial stability,” as the rapid expansion of legal betting since a 2018 U.S. Supreme Court decision has widened access to gambling. Although only about 3% of individuals take up sports betting after legalization, the financial impact is significant enough to show up in broader credit data. Across counties where betting is legal, overall delinquency rates rose by about 0.3 percentage points, while median credit scores declined slightly. The effects are far more pronounced among active bettors. The study estimates that delinquencies among this group increased by roughly 10 percentage points, with a sharper rise among younger borrowers. Americans have wagered more than $500B on sports since legalization, with access expanding further through online platforms. The findings add to growing evidence linking the expansion of sports betting to financial stress, including declines in credit scores and a higher likelihood of bankruptcy in states that allow online wagering. More on related stories DraftKings: Predictions About The Predictions Market And Other More Important Predictions DraftKings' Big Break Through Super App Growth And Prediction Platform Clarity Mastercard: You Swipe, I Win Rush Street gains after Wells Fargo starts coverage with a bull rating Visa unveils new value‑added service for Digital Issuer Solutions business
Although Victory Capital pulled its bid for Janus Henderson (JHG) , leaving the asset manager to General Catalyst and Trian, it's fair to say that the money management space is having a price discovery moment. Even at the deal price, Janus is being acquired at a fairly modest 11.6x forward earnings estimates. In other words, this is a group that is trading at a significant discount to the broad ma...
Although Victory Capital pulled its bid for Janus Henderson (JHG) , leaving the asset manager to General Catalyst and Trian, it's fair to say that the money management space is having a price discovery moment. Even at the deal price, Janus is being acquired at a fairly modest 11.6x forward earnings estimates. In other words, this is a group that is trading at a significant discount to the broad market. The headwind everyone is concerned about is fee pressure. Asset management fees have been trending lower. Exchange traded funds have provided a compelling alternative for many investors, trading like a stock and offering a wide variety of investment strategies with lower fees. But the bidding war for Janus Henderson suggests some of these businesses may have become too cheap. When smart money starts fighting over a firm running $500 billion in assets, it's doing it from a view that these platforms are fundamentally undervalued. Invesco (IVZ) is the heavyweight in this ring. With $2.26 trillion in assets under management (AUM) and an Invesco QQQ Trust (QQQ) franchise that is essentially a license to print money, Invesco is trading at a massive discount to what a private equity player would pay to build the business from scratch. Scale is an important moat, as is a diversified asset management business that includes both conventional active management, ETFs and relatively modest exposure to areas of the market currently under pressure (private credit). Viewed this way, Invesco's moat is wide. Invesco pays a rock-solid 21-cent-per-share quarterly dividend, with the next ex-date landing on May 11. But with implied volatility sitting at a premium, we don't need to chase the yield in the common. We can structure an option trade for a net credit to offset the dividend one would forgo by not purchasing the stock. For example a May 15, 2026 22/25/27 call spread risk reversal, as of Wednesday's closing prices, could be put on for a credit comparable to, or even slightly higher ...
When you’re building at breakneck speed, hiring a trusted team is crucial for an early-stage startup. Bland CEO and co-founder Isaiah Granet has tactical advice on how the company managed to find hidden talent in unlikely places.
When you’re building at breakneck speed, hiring a trusted team is crucial for an early-stage startup. Bland CEO and co-founder Isaiah Granet has tactical advice on how the company managed to find hidden talent in unlikely places.
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Corebridge Financial and Equitable Holdings to combine in an all-stock merger, valuing the combined company at approximately $22 billion. - Meta Platforms Inc. and Alphabet Inc.’s Google must pay damages to a 20-year-old woman who said her addiction to social media caused her mental health struggles, a jury ...
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Corebridge Financial and Equitable Holdings to combine in an all-stock merger, valuing the combined company at approximately $22 billion. - Meta Platforms Inc. and Alphabet Inc.’s Google must pay damages to a 20-year-old woman who said her addiction to social media caused her mental health struggles, a jury concluded in a landmark decision that could signal hefty risks for the companies as they fight thousands of similar claims. - Pony AI Inc. delivered its first profitable quarter ever, bolstered by a windfall from an early investment, rather than its main robotaxi business. (Source: Bloomberg)
Earnings Call Insights: Worthington Steel (WS) Q3 2026 Management View Geoffrey Gilmore, CEO, President & Director, highlighted the proposed acquisition of Kloeckner as "the largest in our history and a meaningful strategic step for the company." Gilmore stated, "The combination of our two organizations will create a larger, more diversified metals processing platform with meaningful opportunities...
Earnings Call Insights: Worthington Steel (WS) Q3 2026 Management View Geoffrey Gilmore, CEO, President & Director, highlighted the proposed acquisition of Kloeckner as "the largest in our history and a meaningful strategic step for the company." Gilmore stated, "The combination of our two organizations will create a larger, more diversified metals processing platform with meaningful opportunities to generate value and capture synergies through Worthington's proprietary base business improvement program that we call the transformation." He reported continued progress on the Kloeckner acquisition, with regulatory approvals underway and expressed confidence in meeting the 57.5% minimum threshold for the tender offer, targeting closure in the second half of the calendar year. Gilmore pointed to "direct shipments in Q3 to the Detroit 3 increased by approximately 13%, significantly outpacing the reported 3% growth in Detroit 3 production for the quarter." He also noted ongoing momentum in the automotive market and strategic wins in agriculture and construction, with cautious optimism for a more robust market later in 2026. The CEO emphasized ongoing investments in electrical steel, reporting that "we have shifted some production to our new facility and are shipping from both locations," with "more than 60% of the increased capacity sold for the facility." He acknowledged OEM delays affecting the ramp-up of the traction motor lamination facility in Mexico, now expecting to reach 75% capacity by fiscal 2029 based on current contracts. Gilmore described company-wide transformation through lean flow models and artificial intelligence, indicating that projects have "led to 60% fewer coils held in our work in process day and an overall reduction of 6 days of inventory over the past 26 months." He projected further advances with predictive AI tools for operational efficiency. Timothy Adams, VP & CFO, stated, "Our third quarter was a disciplined quarter in a more challenging env...
Earnings Call Insights: Enerpac Tool Group (EPAC) Q2 2026 Management View Paul Sternlieb, CEO, reported "product sales accelerated growing 6% organically year-over-year," which is the strongest product growth since Q4 2023. He highlighted favorable trends in U.S. manufacturing and improving distributor sentiment, with "overall product order rates growing mid-single digits and gains in each of our ...
Earnings Call Insights: Enerpac Tool Group (EPAC) Q2 2026 Management View Paul Sternlieb, CEO, reported "product sales accelerated growing 6% organically year-over-year," which is the strongest product growth since Q4 2023. He highlighted favorable trends in U.S. manufacturing and improving distributor sentiment, with "overall product order rates growing mid-single digits and gains in each of our 3 geographic regions." Sternlieb announced a restructuring of the EMEA Hydratight service operation, stating it will "support our strategic transition toward higher-margin service business and profitable growth objectives." The company also secured a "5-year contract award with a major oil and gas company operating in the U.K. North Sea," valued at several million dollars annually. CFO Darren Kozik stated, "Enerpac's second quarter revenue of $155 million expanded 2% on an organic basis. IT&S sales increased 1% organically as a 6% gain in product sales was offset by a 17% decline in service revenue." He added, "adjusted SG&A declined to 26.4% of revenue compared with 28.3% in the year ago period." Sternlieb highlighted innovation progress, detailing new product launches at ConExpo, including the "Intelli Lift 2.0 wireless gantry controller" and other additions such as the Battery Split Flow Pump and Lightweight Toe Jack. Outlook Kozik indicated, "we have narrowed the guidance range for fiscal 2026. We are now guiding to a full year net sales range of $635 million to $650 million that represents organic sales growth of 1% to 3%." Adjusted EBITDA is projected at $158 million to $163 million and adjusted EPS at $1.85 to $1.92. Free cash flow guidance remains at $100 million to $110 million. Management expects "solid product growth in the mid-single-digit range or even a bit better," but this is offset by "projected service contraction in the low to mid-teens range." Kozik added, "we expect to see sequential improvement [in gross margin] into Q3 and then into Q4... coming off o...
alexsl Shares of ADMA Biologics ( ADMA ) declined for the fifth straight session as Cantor Fitzgerald downgraded the plasma-derived drug developer, noting that the company’s response to the recent short report from Culper Research fell short of investor expectations. Analyst Kristen Kluska cut her rating to Neutral from Overweight even as ADMA ( ADMA ) refuted the short report in a statement on We...
alexsl Shares of ADMA Biologics ( ADMA ) declined for the fifth straight session as Cantor Fitzgerald downgraded the plasma-derived drug developer, noting that the company’s response to the recent short report from Culper Research fell short of investor expectations. Analyst Kristen Kluska cut her rating to Neutral from Overweight even as ADMA ( ADMA ) refuted the short report in a statement on Wednesday, arguing that Culper Research has made its conclusions based on speculative claims from “unidentified and unreliable sources.” The downgrade came after Kluska met with ADMA investors who, according to the analyst, were disappointed by the company’s response and its lack of direct communication, attributed to a quiet period by its management. “While the company did put out a statement, we were hoping to have more specific feedback addressing the direct claims in the report. It would have increased our comfort if the company addressed all the individual items with a stronger defense,” Kluska wrote. "We were hoping to have enough of a response from management to put this to rest but didn't receive that,” she added. More on ADMA Biologics ADMA Biologics, Inc. (ADMA) Q4 2025 Earnings Call Transcript ADMA Biologics: Business Update And My Price Target ADMA Biologics, Inc. (ADMA) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript ADMA Biologics says short report contains misleading, inaccurate statements ADMA Biologics announces $125M accelerated share repurchase with JPmorgan