Uber Technologies Inc. is raising its holding in Delivery Hero SE , buying a stake from its European rival’s biggest shareholder for €270 million ($318 million). The ride-hailing company will purchase 4.5% from Prosus SE , the companies said Friday. The Financial Times was first to report the news. Prosus is selling the shares at €20 apiece, a premium of about 22% of the one-month volume-weighted ...
Uber Technologies Inc. is raising its holding in Delivery Hero SE , buying a stake from its European rival’s biggest shareholder for €270 million ($318 million). The ride-hailing company will purchase 4.5% from Prosus SE , the companies said Friday. The Financial Times was first to report the news. Prosus is selling the shares at €20 apiece, a premium of about 22% of the one-month volume-weighted average price of Delivery Hero shares as of Thursday. European antitrust authorities required that Prosus sell down part of its stake in Delivery Hero — which at the time amounted to about $3 billion — after the firm completed its $4.3 billion deal for Just Eat Takeaway.com to form one of the largest online food-delivery businesses globally. The transaction will reduce the Prosus shareholding to 21.8% from 26.3%.
A number of stocks jumped in the afternoon session after industry bellwether Taiwan Semiconductor Manufacturing Co. (TSMC) reported a substantial 58% jump in quarterly profit and forecasted strong future sales, fueled by booming demand for artificial intelligence (AI).
A number of stocks jumped in the afternoon session after industry bellwether Taiwan Semiconductor Manufacturing Co. (TSMC) reported a substantial 58% jump in quarterly profit and forecasted strong future sales, fueled by booming demand for artificial intelligence (AI).
Thomas Barwick/DigitalVision via Getty Images Investment overview I give Sanmina ( SANM ) a buy rating. This is no longer just a diversified EMS name with modest growth. SANM now has much better exposure to cloud infrastructure and a credible path to benefit from the next AI rack buildout through AMD. SANM’s broader manufacturing footprint and better mix also make the business look structurally st...
Thomas Barwick/DigitalVision via Getty Images Investment overview I give Sanmina ( SANM ) a buy rating. This is no longer just a diversified EMS name with modest growth. SANM now has much better exposure to cloud infrastructure and a credible path to benefit from the next AI rack buildout through AMD. SANM’s broader manufacturing footprint and better mix also make the business look structurally stronger than before. Business description SANM is an electronics manufacturing services [EMS] company that provides integrated manufacturing solutions, components, products, repair, logistics, and after-market services to OEM customers in various sectors, including industrial, defense and aerospace, automotive, cloud infrastructure, etc. SANM has two segments. One is Integrated Manufacturing Solutions [IMS], which includes manufacturing, delivery, and testing of printed circuit board assemblies and high-level assemblies. The second is Components, Products, and Services [CPS], which includes product design and engineering across advanced printed circuit boards, backplanes, cable, fabricated metal parts, precision machined parts, and plastic injection-molded parts. T he ZT deal changes the shape of the company You cannot talk about SANM without touching on the ZT Systems acquisition . This is not some small bolt-on deal, but one that I view as game-changing. This deal has changed SANM’s revenue mix, its customer exposure, and the kind of programs it can chase after. For context, before the deal, the Communication Networks and Cloud Infrastructure end market made up 38% of revenue, but with ZT, SANM exposure here has risen to 63%. In other words, this matters because the old SANM was pretty much a diversified EMS business with a lot of slower-moving end-market exposure. This ZT deal effectively moves SANM exposure closer to servers, storage, racks, and AI infrastructure, which, in my view, is the right direction. It pushes SANM closer to the area where demand is significantly s...
AlexSecret/iStock via Getty Images Shares of Madison Air Solutions Corp. ( MAIR ) have seen a very successful public offering, as investors like the prospect for the business, which provides better air in various commercial, industrial, and residential settings. A solid performance and growth prospects make it so that Madison has been awarded premium valuations by the market here. This seems relat...
AlexSecret/iStock via Getty Images Shares of Madison Air Solutions Corp. ( MAIR ) have seen a very successful public offering, as investors like the prospect for the business, which provides better air in various commercial, industrial, and residential settings. A solid performance and growth prospects make it so that Madison has been awarded premium valuations by the market here. This seems relatively well deserved, yet in between demanding valuations, some leverage taken on, and some questions on earnings post the offering, I am cautious to get involved with the shares here. However, I am keen to continue to provide coverage on the shares. Other interesting IPO ideas can be found in the investment group Value In Corporate Events. Creating A Better World Through Better Air Madison has a mission to create a safer, healthier, and more productive world through the power of better air. The company has "re-invented" the ROA metric, here defined as return on air. Examples of better air include reduced worker downtime, improved productivity, improved test scores in schools, less downtime of machinery, and others. This is based on the average human taking 25,000 breaths per day, yet 90% of lives are led indoors, where air is typically 2-5 times more polluted. That is key, with poor air quality undermining health, productivity, and performance. The company is a $3.5 billion pro forma business; nearly two-thirds is tied to commercial applications, complemented by residential applications. Commercial applications are served through brands like Nortek, Big Ass Fans, Reznor, and Addison, catering to healthcare, data centers, manufacturing, life sciences, cleanrooms, and education. Residential focuses on single-family homes and multi-family homes. The company announced a large $2.3 billion deal to acquire innovative indoor air solution provider AprilAire in May of last year, to create a large residential business. Increased focus on human health, aging housing stock, commercial ...
Telefonaktiebolaget LM Ericsson press release ( ERIC ): Q1 GAAP EPS of SEK 0.27 misses by $0.81 . Revenue of SEK 49.3B (-10.4% Y/Y) misses by $1.71B . Organic sales increased by 6% Y/Y, with organic growth in all segments. Adjusted1 gross margin was 48.1% (48.5%). Adjusted EBITA was SEK 5.6B (6.9B), with a 11.3% (12.6%) margin. Free cash flow before M&A was SEK 5.9B (2.7B). Outlook: Amortization o...
Telefonaktiebolaget LM Ericsson press release ( ERIC ): Q1 GAAP EPS of SEK 0.27 misses by $0.81 . Revenue of SEK 49.3B (-10.4% Y/Y) misses by $1.71B . Organic sales increased by 6% Y/Y, with organic growth in all segments. Adjusted1 gross margin was 48.1% (48.5%). Adjusted EBITA was SEK 5.6B (6.9B), with a 11.3% (12.6%) margin. Free cash flow before M&A was SEK 5.9B (2.7B). Outlook: Amortization of intangible assets is expected to be around SEK -0.3 b. per quarter in segment Enterprise. Restructuring charges for 2026 are expected to be at elevated levels. The Q2 outlook assumes currency rates of USD:SEK 9.2, EUR:SEK 10.8. Networks Sales growth in Q2 2026 is expected to be broadly similar to 3-year average seasonality. Adjusted gross margin in Q2 2026 is expected to be in the range of 49% to 51%. Cloud Software and Services Sales growth in Q2 2026 is expected to be above 3-year average seasonality More on Telefonaktiebolaget LM Ericsson Ericsson: Free Cash Flow Over Headlines Ericsson's Jump Was Well Deserved Telefonaktiebolaget LM Ericsson (publ) (ERIC) Q4 2025 Earnings Call Transcript Telefonaktiebolaget LM Ericsson Q1 2026 Earnings Preview Quant snapshot: JinkoSolar, PNC Financial lead top-rated names as SL Green Realty, Badger Meter lag
Key PointsStrategy's stock is down by 70% from its high as the price of Bitcoin -- the company's primary asset -- remains well below where it traded throughout 2025.
Key PointsStrategy's stock is down by 70% from its high as the price of Bitcoin -- the company's primary asset -- remains well below where it traded throughout 2025.
Speculation over the prime minister’s future dominates UK front pages after the Guardian revealed Peter Mandelson failed his security vetting On Thursday, the Guardian revealed that Peter Mandelson failed his security vetting clearance , but that decision was overruled by the Foreign Office to ensure he could take up his post as ambassador to the US. The revelation dominated the front pages on Fri...
Speculation over the prime minister’s future dominates UK front pages after the Guardian revealed Peter Mandelson failed his security vetting On Thursday, the Guardian revealed that Peter Mandelson failed his security vetting clearance , but that decision was overruled by the Foreign Office to ensure he could take up his post as ambassador to the US. The revelation dominated the front pages on Friday, after Downing Street released a statement confirming the Guardian’s story. It stressed the prime minister had no knowledge that security officials advised Mandelson should not be given clearance, and said responsibility lay with the Foreign, Commonwealth and Development Office. The top civil servant at the Foreign Office, Olly Robbins, later left his post . Continue reading...
Shares of computer processor maker Intel (NASDAQ:INTC) jumped 3.7% in the afternoon session after industry bellwether Taiwan Semiconductor Manufacturing Co. (TSMC) reported a substantial 58% jump in quarterly profit and forecasted strong future sales, fueled by booming demand for artificial intelligence (AI).
Shares of computer processor maker Intel (NASDAQ:INTC) jumped 3.7% in the afternoon session after industry bellwether Taiwan Semiconductor Manufacturing Co. (TSMC) reported a substantial 58% jump in quarterly profit and forecasted strong future sales, fueled by booming demand for artificial intelligence (AI).