Bogdan Nicolaescu/iStock via Getty Images There's no sugarcoating it. Wall St. and I saw potential in Here Group ( HERE ), but the market isn't waiting for the IP flywheel —even with the JV with Enlight Media announced a few quarters ago. To date, the call has been a clear miss. But is it still worth pursuing this triple-digit upside even with the market trading it as an ' IP fad '? I mean, Here G...
Bogdan Nicolaescu/iStock via Getty Images There's no sugarcoating it. Wall St. and I saw potential in Here Group ( HERE ), but the market isn't waiting for the IP flywheel —even with the JV with Enlight Media announced a few quarters ago. To date, the call has been a clear miss. But is it still worth pursuing this triple-digit upside even with the market trading it as an ' IP fad '? I mean, Here Group may not become a Pop Mart ( PMRTY ) like many people were imagining, but at this point they're trading at very low multiples and sitting on $97 million in cash. And remember, Here develops the largest chunk of its IPs in-house. No risk of paying a lot of money for licensing like Funko ( FNKO ) and other pop toy makers. But look, I'm not saying the double-digit dip after earnings was irrational. The company cut its guidance by ~25%, WAKUKU lost sales momentum (-20% quarter-over-quarter), and XIAO AO (my hope in the last article co-authored by Chinese star Wang Yibo) didn't make that much of a difference in the end. Is there any angle to reach that triple-digit upside (~225% to $5.80) that Wall Street is aiming for? Seeking Alpha Maybe the Rubble Isn't So Bad After All First of all, I think it's fair to say that this isn't the weakest quarter since QuantaSing became Here Group. Even so, I think it was the most disappointing of them all. As you can see, revenue was RMB 164.7 million, ~7.1% lower than the last quarter. Since the transformation into pure-play pop-toys happened in Q4 FY 2025, we don't yet have good comparisons. Earnings Presentation Even so, Q3 FY 2026 was the second-best quarter in terms of sales. And that was probably expected, since they continued expanding pop-up stores across China (including new robotic vending terminals) and partnerships like the one with MINISO ( MNSO ). But I think what weighed most heavily here was WAKUKU's sales falling to RMB 102.4 million. There are a few ways to look at this. For example, while WAKUKU (flagship IP) weakened, SI...
After helping to shock Italy in the playoffs, the Bosnia and Herzegovina captain is out to upset co-hosts Canada in their opening match on Friday “Sometimes there is an end for all of us, maybe mine is coming soon,” says Edin Dzeko, though first there is the small matter of captaining Bosnia and Herzegovina at only their second World Cup, lessons learned. “When I was 17, 18, people were telling me...
After helping to shock Italy in the playoffs, the Bosnia and Herzegovina captain is out to upset co-hosts Canada in their opening match on Friday “Sometimes there is an end for all of us, maybe mine is coming soon,” says Edin Dzeko, though first there is the small matter of captaining Bosnia and Herzegovina at only their second World Cup, lessons learned. “When I was 17, 18, people were telling me: ‘Experience is something you get by playing for so many years,’” he says, screwing up his face a little, “when you think like a 17-year-old.” A smile unravels on Dzeko’s face. “But when you arrive at this age you know experience is fundamental.” When he was sold by the Sarajevo-based Zeljeznicar to the Czech team Teplice as a teenager, few envisaged him forging an elite career that has taken him to Europe’s best leagues and the biggest stages in the game. He is one of seven fortysomethings who could feature at the tournament this summer, along with Cristiano Ronaldo and Luka Modric and, just like those two, inevitably much of the intrigue in Dzeko is rooted in longevity. To cut to the chase, what are the secrets to his success? Continue reading...
The batter is primed to take advantage of the home T20 tournament – she is determined to create memories for the nation Given how composed Alice Capsey has recently looked in an England shirt, it’s hard to imagine her getting nervous – but with only days to go until England’s World Cup opener on Friday against Sri Lanka, she admits she is struggling. “I doubt I’ll sleep very well [on Thursday],” s...
The batter is primed to take advantage of the home T20 tournament – she is determined to create memories for the nation Given how composed Alice Capsey has recently looked in an England shirt, it’s hard to imagine her getting nervous – but with only days to go until England’s World Cup opener on Friday against Sri Lanka, she admits she is struggling. “I doubt I’ll sleep very well [on Thursday],” she says. “I think it might take me a little while to wind down and switch off from all the nerves and excitement.” Capsey has been through a lot since she first came to public attention five years ago at the age of 16 by scoring a blazing half-century at Lord’s in the Women’s Hundred: this will be her fourth World Cup. But she is acutely aware that a home tournament brings pressure on a whole different scale. “This is a once-in-a-career opportunity,” she says. “We’ve got an amazing opportunity as a team to create some really special memories, not only as a group, but for the nation.” Continue reading...
Sources say much delayed Dip is close to sign-off but only after some of the Labour government’s worst infighting Cabinet relations have been left badly damaged by the protracted row over the defence investment plan (Dip), according to Whitehall sources who say the standoff has led to some of the worst infighting since Labour took power. Ministers are putting the final touches on the plan, which i...
Sources say much delayed Dip is close to sign-off but only after some of the Labour government’s worst infighting Cabinet relations have been left badly damaged by the protracted row over the defence investment plan (Dip), according to Whitehall sources who say the standoff has led to some of the worst infighting since Labour took power. Ministers are putting the final touches on the plan, which is expected to be published in the coming weeks after departments agreed to cut their capital budgets by about 1% to pay for additional military spending. Continue reading...
From Curaçao and Cape Verde to Morocco and Turkey, fans reflect Dutch city where loyalties are shared, not divided Three hours before their team’s opening World Cup match on 14 June, about 4,000 football fans are expected to pack into a giant former concrete grain store in Rotterdam that is one of the Dutch city’s best-known nightclub venues. However, the flags will be blue, not orange, and the ar...
From Curaçao and Cape Verde to Morocco and Turkey, fans reflect Dutch city where loyalties are shared, not divided Three hours before their team’s opening World Cup match on 14 June, about 4,000 football fans are expected to pack into a giant former concrete grain store in Rotterdam that is one of the Dutch city’s best-known nightclub venues. However, the flags will be blue, not orange, and the aroma of arros moro will fill the air as the room pulsates to the beat of conga drums and ritmo kombina . The Maassilo has been booked to host the watch party for Curaçao, the least populous country to qualify for the World Cup and a constituent nation of the Kingdom of the Netherlands. Many Dutch supporters will be cheering along with them. All but two of Curaçao’s squad were born in the Netherlands; 12 of them play for clubs in the Eredivisie or the second-tier Keuken Kampioen Divisie. The team are managed by the longtime Dutch coach Dick Advocaat. The Dutch king and queen are planning to attend at least one of the Blue Wave’s group matches. Continue reading...
His toxic Henry Nowak intervention fits a pattern. Vance has hard-right views, a disdain for European society – and he may yet become president Immigration is falling in Britain . It’s falling so fast and so hard – net migration to the UK nearly halved between 2024 and 2025 – that before long we could conceivably be a shrinking population , with more people leaving the country than coming here. (A...
His toxic Henry Nowak intervention fits a pattern. Vance has hard-right views, a disdain for European society – and he may yet become president Immigration is falling in Britain . It’s falling so fast and so hard – net migration to the UK nearly halved between 2024 and 2025 – that before long we could conceivably be a shrinking population , with more people leaving the country than coming here. (And no, that’s not because of an exodus of bright young Britons fleeing overseas, though you wouldn’t blame them given how hard they’re finding it currently to get jobs: the rise, as the Institute for Government’s Sam Freedman helpfully points out , is mainly in foreign students and foreign workers going home.) Even small-boat crossings are down on last year. We have, in short, finally made ourselves as unattractive to the rest of the world as leave voters always wanted – which means that, sooner or later, populists who built their careers on railing against supposedly uncontrolled immigration are going to be needing another scapegoat to explain why taking back control hasn’t magically solved all the country’s problems. And with a grim inevitability, they’re finding it in turning on migrants who are already here. That’s the background to two hand grenades lobbed aggressively into British politics from across the Atlantic last week, causing enough concern in Downing Street to prompt a rare public rebuke. The claim from the US vice-president, JD Vance, that “righteous anger” was “ the only response ” to the murder of 18-year-old Henry Nowak would have been provocative enough, given its pointed echo of Nigel Farage’s now widely condemned call for “ pure, cold rage ”. Continue reading...
Marmite asks: ‘Do you love me or hate me?’ Vegemite couldn’t give a stuff. It’s as dry as our Aussie humour, and I wouldn’t have it any other way The hill I would die on is made of Vegemite. Marmite is a minuscule mound in comparison. A hapless hillock. A negligible knoll. Vegemite is Australian penicillin. It cures everything from homesickness to heartbreak. From pleb to celeb and prime minister ...
Marmite asks: ‘Do you love me or hate me?’ Vegemite couldn’t give a stuff. It’s as dry as our Aussie humour, and I wouldn’t have it any other way The hill I would die on is made of Vegemite. Marmite is a minuscule mound in comparison. A hapless hillock. A negligible knoll. Vegemite is Australian penicillin. It cures everything from homesickness to heartbreak. From pleb to celeb and prime minister to prisoner, Vegemite is our culinary mainstay. Aussies are not that big on etiquette – our only breach of etiquette is to suggest that we adhere to any. But there is one cardinal sin: not to like Vegemite. It is a trait that, socially, places you just below leper and just above Maga supporter in our estimation. Kathy Lette is a comedy writer and novelist. Her latest novel, The Sisterhood Rules, is literary Vegemite Continue reading...
A last World Cup – surely – for Cristiano Ronaldo, and Portugal are in great shape for a long run in the competition This article is part of the Guardian’s 2026 World Cup Experts’ Network , a cooperation between some of the best media organisations from the 48 countries who qualified. theguardian.com is running previews from three countries each day in the run-up to the tournament kicking off on 1...
A last World Cup – surely – for Cristiano Ronaldo, and Portugal are in great shape for a long run in the competition This article is part of the Guardian’s 2026 World Cup Experts’ Network , a cooperation between some of the best media organisations from the 48 countries who qualified. theguardian.com is running previews from three countries each day in the run-up to the tournament kicking off on 11 June. Continue reading...
Exclusive: Landscape painter was also a keen musician and played a cello made for him by his friend and mentor He was one of Britain’s greatest landscape painters, with masterpieces including The Hay Wain and View on the Stour near Dedham But John Constable was also a keen musician – and his personal cello, which he commissioned, is to be played in public for the first time in 100 years after its ...
Exclusive: Landscape painter was also a keen musician and played a cello made for him by his friend and mentor He was one of Britain’s greatest landscape painters, with masterpieces including The Hay Wain and View on the Stour near Dedham But John Constable was also a keen musician – and his personal cello, which he commissioned, is to be played in public for the first time in 100 years after its restoration. The instrument was made in 1802 and it is thought Constable may have played it in a local band in his home village of East Bergholt in Suffolk. Continue reading...
The American is track and field’s youngest world champion but you won’t find the 17-year-old boasting about his achievements We are in living in the era of teenage super talents. On Saturday, Mirra Andreeva won the French Open at 19. Spain’s Lamine Yamal, at 18, is one of the favourites for the World Cup’s golden ball. Then there is Cooper Lutkenhaus, the 17-year-old American already making the wo...
The American is track and field’s youngest world champion but you won’t find the 17-year-old boasting about his achievements We are in living in the era of teenage super talents. On Saturday, Mirra Andreeva won the French Open at 19. Spain’s Lamine Yamal, at 18, is one of the favourites for the World Cup’s golden ball. Then there is Cooper Lutkenhaus, the 17-year-old American already making the world’s best athletes gasp for air and reach for superlatives, who may yet prove the best of the bunch. True, it is early days. But Lutkenhaus is already track and field’s youngest world champion, having won 800m indoor gold in March . On Sunday, he added to his CV with victory against a top-class field in his first Diamond League race. But it was what his rivals said afterwards in Stockholm that left the deepest mark. Continue reading...
Short story collection All Around the World will be available for £1 in bid to widen access to quality fiction An initiative that aims to widen access to Booker prize-winning authors is set to launch this week, as research finds that more than a third of UK adults find it hard to read books through to the end. The Booker Prize Foundation is launching a short story collection entitled All Around th...
Short story collection All Around the World will be available for £1 in bid to widen access to quality fiction An initiative that aims to widen access to Booker prize-winning authors is set to launch this week, as research finds that more than a third of UK adults find it hard to read books through to the end. The Booker Prize Foundation is launching a short story collection entitled All Around the World, including works by the Booker prize winners Anne Enright, David Szalay and International Booker prize nominee Nadifa Mohamed. The collection was curated by another former winner, Roddy Doyle. Continue reading...
GUANGZHOU, China, June 09, 2026 (GLOBE NEWSWIRE) -- EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”), the world’s leading advanced air mobility (“AAM”) technology platform company, today announced its unaudited financial results for the first quarter ended March 31, 2026.
GUANGZHOU, China, June 09, 2026 (GLOBE NEWSWIRE) -- EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”), the world’s leading advanced air mobility (“AAM”) technology platform company, today announced its unaudited financial results for the first quarter ended March 31, 2026.
Deliverance AI, the UK-founded Agentic Operating System (OS) for the enterprise, today announced its emergence from stealth with £6m ARR, more than 30 employees and six enterprise customers within three months of incorporation.
Deliverance AI, the UK-founded Agentic Operating System (OS) for the enterprise, today announced its emergence from stealth with £6m ARR, more than 30 employees and six enterprise customers within three months of incorporation.
narvo vexar/iStock via Getty Images Let the Game Begin The Italian banking system is quite unique in Europe. Most scholars believe that the modern banking system was born in Renaissance Italy, and one of the banks that started at that time - the Siena-headquartered Banca Monte dei Paschi ( BMDPF ; BMPSY ) - is at the center of the story we have to deal with today. Monte dei Paschi was one of the l...
narvo vexar/iStock via Getty Images Let the Game Begin The Italian banking system is quite unique in Europe. Most scholars believe that the modern banking system was born in Renaissance Italy, and one of the banks that started at that time - the Siena-headquartered Banca Monte dei Paschi ( BMDPF ; BMPSY ) - is at the center of the story we have to deal with today. Monte dei Paschi was one of the last banks to recover from the GFC and the sovereign debt crisis, but in recent years it has become a rather lively and important player in the restructuring of what many call "the Italian Banking Risk!" with reference to the well-known board game. Before we deal with the news, allow me to explain a few things for those who are not familiar with this system. In Italy, the banking sector has to be viewed as a two-tier system dominated by two big institutions and many regional and national banks. The two big ones are Intesa Sanpaolo ( ISNPY , IITSF ) and UniCredit ( UNCRY ; UNCFF ). They account for roughly 40% to 45% of Italian banking assets. I have covered both of them several times and currently own a stake in Intesa but am also bullish on UniCredit and its attempt to buy Commerzbank . Because of this situation, many have argued that the country needs a third large player to compete in Europe, and the government has also viewed this favorably. This leads us into an intricate maze of cross-ownerships. Moreover, some banks are intertwined in intricate relationships with big insurers, involving national and European champions such as Generali ( ARZGF ; ARZGY ) and Unipol ( UFGSY ), but also industrial foundations, public stakes held by the Italian Treasury, and a few key families. At the center of this web is where we find Monte dei Paschi, which was rescued in 2017 involving state aid amounting to EUR 5.4B, which made the Italian Treasury hold, at peak, a 68% stake in the bank. Once Luigi Lovaglio was appointed CEO in 2022, the bank underwent an incredible turnaround, which ...
Presented by Snowflake As AI agents become capable of reasoning across systems and taking action, software is evolving from something employees operate into something that understands intent. Instead of navigating disparate applications and dashboards, a single system will increasingly ask: What are you trying to accomplish? That sounds like a user experience breakthrough. It is. But the more impo...
Presented by Snowflake As AI agents become capable of reasoning across systems and taking action, software is evolving from something employees operate into something that understands intent. Instead of navigating disparate applications and dashboards, a single system will increasingly ask: What are you trying to accomplish? That sounds like a user experience breakthrough. It is. But the more important implication is organizational. When software no longer relies on humans to provide context, companies can no longer assume that knowledge lives in employees' heads or is buried inside disconnected applications. The company itself has to become machine-readable. The winners in the AI era won't simply deploy more intelligent models. They'll build the data foundations, semantic context, and governance frameworks that allow machines to understand how the business works and act on that understanding with confidence. Context is becoming infrastructure For years, companies treated context as a human layer on top of data. The data platform held the records, then the BI tool visualized them, and the analyst interpreted them. And finally, the business leader made the judgment call. Agents collapse those layers. When an executive asks, “Why is customer churn rising in our enterprise segment?” an effective agent needs to know far more than where the customer data lives. It needs to understand how the company defines churn, which accounts count as enterprise, whether product usage data is more reliable than survey data, which renewal events matter, what the sales team has logged, what support tickets suggest, and whether the answer differs by geography or product line. This is why semantics — the definitions, relationships, rules, and assumptions that give data meaning — are moving from a technical concern to a boardroom issue. A semantic layer used to sound like plumbing for data teams. In an agentic enterprise, it becomes the shared language between humans and machines. If every...