Castlelake’s move raises questions over valuation and ownership rules as well as whether Stelios Haji-Ioannou could throw a spanner in the works EasyJet says US takeover bid would be ‘highly opportunistic’ A share price gain of only 10% on a possible takeover approach is a meek reaction. If the stock market truly believed that Castlelake, a US investment fund, stood a decent chance of buying easyJ...
Castlelake’s move raises questions over valuation and ownership rules as well as whether Stelios Haji-Ioannou could throw a spanner in the works EasyJet says US takeover bid would be ‘highly opportunistic’ A share price gain of only 10% on a possible takeover approach is a meek reaction. If the stock market truly believed that Castlelake, a US investment fund, stood a decent chance of buying easyJet , you would expect the target’s stock to fly significantly higher. Scepticism is the right stance until at least three factors become clearer. First, would the two sides even be vaguely in the same landing zone on valuation? EasyJet’s description of Castlelake’s timing as “highly opportunistic ” was boilerplate rhetoric (all bids are opportunistic to a degree) but in this case it is clearly possible that all European airlines’ prospects could be brighter within a couple of months. Continue reading...
deepblue4you/E+ via Getty Images Evercore ISI upgraded CNO Financial ( CNO ) to In Line from Underperform as the company's long-term care book has consistently performed better than the rest of the industry in incurred claims, excluding 2022. "In terms of reserving adequacy, looking at survival ratio, CNO’s 10.8x is just below peer average, though it has been steady at that level since 2022 and wa...
deepblue4you/E+ via Getty Images Evercore ISI upgraded CNO Financial ( CNO ) to In Line from Underperform as the company's long-term care book has consistently performed better than the rest of the industry in incurred claims, excluding 2022. "In terms of reserving adequacy, looking at survival ratio, CNO’s 10.8x is just below peer average, though it has been steady at that level since 2022 and was the only company to produce a notable improvement in 2025," analyst Thomas Gallagher wrote in a note to clients on Monday. "With incurred claims been trending favorably, the slightly lower survival ratio is also a bit more justifiable." He sees benefits in CNO's ( CNO ) focus on shorter-duration products. As of year-end 2025, 65% of the company's long-term care policies have benefit periods of one year or less. Furthermore, its GAAP liability duration of just under 11 years was better than those of MetLife ( MET ), Prudential Financial ( PRU ), and Unum Group ( UNM ), which are 13-15 years, Evercore ISI pointed out. Still, CNO Financial ( CNO ) stock slipped 0.3% in Monday afternoon trading. Gallagher's In-Line rating contrasts with the SA Quant rating of Buy and aligns with the average Wall Street rating of Hold. More on CNO Financial CNO Financial Group, Inc. 2026 Q1 - Results - Earnings Call Presentation CNO Financial Group, Inc. (CNO) Q1 2026 Earnings Call Transcript CNO dividend preview: 13-year streak set for another raise CNO outlines Medicare Supplement rate actions of 10.2% and ~14.5% approvals with full quarterly impact by Q4 2026 Seeking Alpha’s Quant Rating on CNO Financial
Artist said Man in a Black Scarf was not his but evidence has emerged to show he painted it when a student in Suffolk An early portrait by Lucian Freud, which the artist denied was his for years, is to be exhibited for the first time after experts proved it was painted by him. Man in a Black Scarf was created in 1939 by the British artist when he was still a student at the East Anglian School of P...
Artist said Man in a Black Scarf was not his but evidence has emerged to show he painted it when a student in Suffolk An early portrait by Lucian Freud, which the artist denied was his for years, is to be exhibited for the first time after experts proved it was painted by him. Man in a Black Scarf was created in 1939 by the British artist when he was still a student at the East Anglian School of Painting and Drawing in Hadleigh, Suffolk. The sitter is thought to be John Jameson, a friend of Freud’s and scion of the whiskey family. Continue reading...
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in McDonald's Corp (Symbol: MCD), where a total of 20,866 contracts have traded so far, representing approximately 2.1 million underlying shares. That amounts to about 47.8%
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in McDonald's Corp (Symbol: MCD), where a total of 20,866 contracts have traded so far, representing approximately 2.1 million underlying shares. That amounts to about 47.8%
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in HP Inc (Symbol: HPQ), where a total volume of 145,238 contracts has been traded thus far today, a contract volume which is representative of approximately 14.5 mi
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in HP Inc (Symbol: HPQ), where a total volume of 145,238 contracts has been traded thus far today, a contract volume which is representative of approximately 14.5 mi
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Ulta Beauty Inc (Symbol: ULTA), where a total of 3,914 contracts have traded so far, representing approximately 391,400 underlying shares. That amounts to about 56% of UL
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Ulta Beauty Inc (Symbol: ULTA), where a total of 3,914 contracts have traded so far, representing approximately 391,400 underlying shares. That amounts to about 56% of UL
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Micron Technology Inc. (Symbol: MU), where a total of 527,801 contracts have traded so far, representing approximately 52.8 million underlying shares. That amounts to abo
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Micron Technology Inc. (Symbol: MU), where a total of 527,801 contracts have traded so far, representing approximately 52.8 million underlying shares. That amounts to abo
President Donald Trump speaks to members of the media as he arrives at Joint Base Andrews in Maryland, May 20, 2026. Evelyn Hockstein | Reuters President Donald Trump on Monday shrugged off the possible collapse of peace negotiations with Iran, telling CNBC, "I don't care if they're over, honestly." "I really don't care. I couldn't care less," Trump told CNBC's Eamon Javers in a phone interview mi...
President Donald Trump speaks to members of the media as he arrives at Joint Base Andrews in Maryland, May 20, 2026. Evelyn Hockstein | Reuters President Donald Trump on Monday shrugged off the possible collapse of peace negotiations with Iran, telling CNBC, "I don't care if they're over, honestly." "I really don't care. I couldn't care less," Trump told CNBC's Eamon Javers in a phone interview midday Monday, saying he thought the protracted talks "started to get very boring." Trump had been asked about reporting that Iranian negotiators will stop communications with the U.S., and that Tehran will move to "completely block" the Strait of Hormuz, due to Israel's military operations in Lebanon. Trump said that he was "going to ask" Israeli Prime Minister Benjamin Netanyahu "what's going on with Lebanon." Reuters reported later Monday afternoon that Trump spoke with Netanyahu on the phone. The president also said he wasn't worried about oil prices, which spiked following the report earlier Monday in Iranian state media. "I think the oil will be dropping like a rock in the very near, you know, the very near distance," Trump said. But he also insisted that Americans who understand the importance of halting Iran's nuclear ambitions will not mind higher gas prices as a result of the war. "Once you explain that this is all about Iran having a nuclear weapon, people are willing to pay a little bit more," he said. Trump asserted that prices at the pump will drop "very quickly." But he also repeatedly signaled he was in no hurry to restart the stalled negotiations with Iran. "If they're over, they're over. If they're not, you know, I think they took too much time. Frankly, I thought they started to get very boring," Trump told CNBC. This is breaking news. Please check back for updates. Read more CNBC politics coverage Michael Dell courted Trump early. His company has reaped rewards Trump DOJ ‘lawfare’ fund temporarily blocked by judge as suit proceeds Bondi defends handling of...