Voestalpine AG press release ( VLPNF ): FY revenue down slightly to EUR 15.1 billion (previous year: EUR 15.7 billion). EBITDA improves to EUR 1.5 billion (BY 2024/25: EUR 1.3 billion). Strong free cash flow of EUR 537 million and continued reduction of net financial debt. greentec steel on track; approximately 60% of EUR 1.5 billion already invested. Outlook for 2026/27: EBITDA between EUR 1.60 b...
Voestalpine AG press release ( VLPNF ): FY revenue down slightly to EUR 15.1 billion (previous year: EUR 15.7 billion). EBITDA improves to EUR 1.5 billion (BY 2024/25: EUR 1.3 billion). Strong free cash flow of EUR 537 million and continued reduction of net financial debt. greentec steel on track; approximately 60% of EUR 1.5 billion already invested. Outlook for 2026/27: EBITDA between EUR 1.60 billion and EUR 1.85 billion. More on Voestalpine AG Historical earnings data for Voestalpine AG Dividend scorecard for Voestalpine AG Financial information for Voestalpine AG
The mainland Chinese coastguard’s first independent law enforcement patrol east of Taiwan on Monday – in response to the maritime border talks between Japan and the Philippines – marked an expansion of its patrolled area beyond the traditional focus. Since its launch in 2021, the China Coast Guard (CCG) has routinely patrolled in the South China Sea, East China Sea and Yellow Sea. In recent years,...
The mainland Chinese coastguard’s first independent law enforcement patrol east of Taiwan on Monday – in response to the maritime border talks between Japan and the Philippines – marked an expansion of its patrolled area beyond the traditional focus. Since its launch in 2021, the China Coast Guard (CCG) has routinely patrolled in the South China Sea, East China Sea and Yellow Sea. In recent years, apart from routine patrols around a few Taiwan-controlled islands, the CCG has also joined the...
For decades, fame seemed to be the only guarantee for a quick, splashy, and profitable home sale, but in recent years, that playbook seems to have faltered.
For decades, fame seemed to be the only guarantee for a quick, splashy, and profitable home sale, but in recent years, that playbook seems to have faltered.
Nutthaseth Vanchaichana/iStock via Getty Images When I rated Vistance Networks, Inc. ( VISN ) a Buy in September last year, I was cautious because the stock had already done quite a lot of running, and at ~$16.5, there were three things that fueled the call. The ~$10.5b sale of the mature CCS (Connectivity Solutions) segment to Amphenol was in the pipeline. The two remaining businesses—Aurora Netw...
Nutthaseth Vanchaichana/iStock via Getty Images When I rated Vistance Networks, Inc. ( VISN ) a Buy in September last year, I was cautious because the stock had already done quite a lot of running, and at ~$16.5, there were three things that fueled the call. The ~$10.5b sale of the mature CCS (Connectivity Solutions) segment to Amphenol was in the pipeline. The two remaining businesses—Aurora Networks (what was then called ANS) and RUCKUS—were exhibiting signs of margin expansion that generally call for a regime shift in valuations. And the balance sheet was poised to get lighter. The transformation thesis was apparent when you looked at the combined RemainCo's growth surging ahead of the company's blended growth rate. The margin transformation also looked compelling. The CCS sale closed in Q1 2026, removing the debt and preferred equity overhang. Vistance now has ~$2.5b in cash. The expected distribution due to the sale also happened at $10 per share (return of capital). Even considering that the stock now trades at ~$12.3, adding the distribution, decent money was made even for investors who joined the rally late, around the time of my September thesis. For fresh investments today, we have to gauge the effect of the RUCKUS sale to Belden (for ~$1.85b), which leaves Aurora Networks as the remaining business—a focused DOCSIS 4.0 infrastructure play with a clean balance sheet and another distribution coming from the RUCKUS proceeds. The Q1 2026 numbers were strong for Aurora, but margin recovery is guided for H2 2026, not as obvious as was the case in September when RemainCo's EBITDA margin had already expanded from ~9% to ~25%. That margin improvement is dependent on the memory chip drag improving in H2—something I do not count on, especially given the limited visibility beyond Q2 on both supply and pricing. While the near-term margin pressure is a drag, the valuation math I show subsequently in this analysis suggests that the market is pricing Aurora at a level tha...
STMicroelectronics (STM) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
STMicroelectronics (STM) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
FabrikaCr Stock futures drifted into the red Wednesday morning as a fresh round of missile strikes shattered hopes for an imminent U.S.-Iran peace deal. The renewed conflict sent crude oil prices and Treasury yields climbing, forcing investors to reassess risk and brace for prolonged geopolitical friction. Here are some of Wednesday's biggest stock movers: Biggest stock gainers Marvell Technology ...
FabrikaCr Stock futures drifted into the red Wednesday morning as a fresh round of missile strikes shattered hopes for an imminent U.S.-Iran peace deal. The renewed conflict sent crude oil prices and Treasury yields climbing, forcing investors to reassess risk and brace for prolonged geopolitical friction. Here are some of Wednesday's biggest stock movers: Biggest stock gainers Marvell Technology ( MRVL ) +16% - Shares continued to rise following Tuesday’s 33% surge, driven by optimistic comments from Jensen Huang. He suggested that the AI networking and semiconductor company could be the next to achieve a $1 trillion market valuation. Investor enthusiasm has been fueled by Marvell's expanding role in AI infrastructure, particularly with the introduction of its Teralynx T100 networking chip, which is optimized for AI applications. The rally contributes to an impressive streak for the stock, driven by the increasing demand for AI data center connectivity and custom silicon solutions. This trend positions Marvell as a significant beneficiary of the growing AI ecosystem. GameStop ( GME ) +9% - Shares jumped after the company reported 14% revenue growth and delivered the highest Q1 net income and operating income in company history, with EPS easily beating Wall Street estimates. The video game retailer ended the quarter with a strong liquidity position, including $9.7B in cash and related assets, plus roughly $400M in digital assets and receivables. GameStop's board also approved a $2B share repurchase program running through July 2029. Adding to investor interest, CEO Ryan Cohen continues to pursue a proposed $56B acquisition of eBay, despite eBay's board rejecting the offer, with Cohen indicating he may consider a proxy fight and outlining plans to leverage GameStop's retail footprint to support eBay's marketplace operations. Biggest stock losers GitLab ( GTLB ) -6% - Shares slipped after the software development platform announced a restructuring plan that will impac...
hapabapa/iStock Editorial via Getty Images Novo Nordisk ( NVO ) launched its oral weight-loss drug Wegovy in the United Arab Emirates on Wednesday, following regulatory approval earlier this week. The UAE becomes the second market to offer the pill after Novo Nordisk introduced it in the United States in January. Wegovy is approved as a once-daily Wegovy pill (semaglutide 25 mg) by the FDA and Emi...
hapabapa/iStock Editorial via Getty Images Novo Nordisk ( NVO ) launched its oral weight-loss drug Wegovy in the United Arab Emirates on Wednesday, following regulatory approval earlier this week. The UAE becomes the second market to offer the pill after Novo Nordisk introduced it in the United States in January. Wegovy is approved as a once-daily Wegovy pill (semaglutide 25 mg) by the FDA and Emirates Drug Establishment. The pill is currently pending final marketing approval from the EMA and other regulatory authorities. The drugmaker has previously announced that it will launch the Wegovy pill in select markets in the second half of 2026. Press Release More on Novo Nordisk A/S Wall Street Underestimates Novo Nordisk's GLP-1 Comeback Novo Nordisk: 2 Reasons To Buy This GLP-1 Giant Novo Nordisk: The First Fruits Of Labor Novo Nordisk actively seeking deals to expand pipeline, CEO says Novo Nordisk says oral Wegovy success to soften sales decline
The iconic Los Angeles estate where fitness guru Richard Simmons died in 2024 has undergone a big price cut, just a few weeks after it reappeared on the market as a $5.8 million “canvas for transformation.”
The iconic Los Angeles estate where fitness guru Richard Simmons died in 2024 has undergone a big price cut, just a few weeks after it reappeared on the market as a $5.8 million “canvas for transformation.”
The outspoken crime novelist talks his provocative new book, his hatred of technology and why the film adaptation of LA Confidential is a ‘turkey’ James Ellroy does not own a computer, his publicist explains, so will a phone interview be OK? When the self-proclaimed “mad dog of American crime fiction” picks up his landline at the appointed hour, it transpires that he has never owned a mobile phone...
The outspoken crime novelist talks his provocative new book, his hatred of technology and why the film adaptation of LA Confidential is a ‘turkey’ James Ellroy does not own a computer, his publicist explains, so will a phone interview be OK? When the self-proclaimed “mad dog of American crime fiction” picks up his landline at the appointed hour, it transpires that he has never owned a mobile phone either. Nor sent an email. Nor figured out how to turn on his ex-wife Helen Knode’s TV set. “Everything is very complex and it’s satanic to me, the dependency that people have on computers,” Ellroy, 78, says cheerfully in a bass baritone drawl from his pad in Denver, Colorado. “I don’t engage in internet chat and I understand there’s all this crazy shit on the internet and people with the most outlandish beliefs on God’s green Earth.” Continue reading...
Will New York end their long wait for a title? Our contributors pick the winner, key players and dark horses before the season’s grand finale tips off Here’s what New York looked like in 1973, the last time the Knicks won a championship – in pictures Where to even begin? Victor Wembanyama, the brightest young star in the NBA , appears on the biggest stage imaginable (in this galaxy, at least ... I...
Will New York end their long wait for a title? Our contributors pick the winner, key players and dark horses before the season’s grand finale tips off Here’s what New York looked like in 1973, the last time the Knicks won a championship – in pictures Where to even begin? Victor Wembanyama, the brightest young star in the NBA , appears on the biggest stage imaginable (in this galaxy, at least ... I’m not sure how big the stages are where he comes from), while one of the most storied franchises in American sports has its return to relevance cemented. And, maybe most importantly of all, The Garden, baby! CDL Continue reading...
Industria de Diseno Textil Inditex press release ( IDEXY ): Q1 sales grew 5.8% to reach €8.7 billion. Sales in constant currency grew 8.8%. The gross margin reached 61.2% (+67 bps versus 1Q2025). EBITDA increased 7.3% to €2.6 billion. Net income increased 5.4% to €1.4 billion. The net cash position was €10.8 billion at the end of 1Q2026. Inditex’s Board of Directors will propose a dividend of €1.7...
Industria de Diseno Textil Inditex press release ( IDEXY ): Q1 sales grew 5.8% to reach €8.7 billion. Sales in constant currency grew 8.8%. The gross margin reached 61.2% (+67 bps versus 1Q2025). EBITDA increased 7.3% to €2.6 billion. Net income increased 5.4% to €1.4 billion. The net cash position was €10.8 billion at the end of 1Q2026. Inditex’s Board of Directors will propose a dividend of €1.75 per share for FY2025 at the Annual General Meeting. It includes an ordinary dividend of €1.20 and a bonus dividend of €0.55, with two payments of €0.875. Outlook: At current exchange rates, Inditex anticipates a -1% currency impact on sales for 2026. In 2026, Inditex expects a stable gross margin (+/-50 bps). In order to continue underpinning the long-term growth of Inditex, we are executing investments that are increasing the competitive differentiation of the Group. We estimate ordinary capital expenditure of around €2.3 billion in 2026. More on Industria de Diseno Textil Inditex Industria de Diseño Textil, S.A. 2027 Q1 - Results - Earnings Call Presentation Industria De Diseño Textil, S.A. (IDEXY) Q4 2025 Earnings Call Transcript Industria de Diseño Textil, S.A. 2025 Q4 - Results - Earnings Call Presentation Heir to Spanish retail empire arrested for father's murder Highest and lowest quant-rated consumer discretionary names above $10B market cap
With rivals racing to market to raise ‘eye-popping sums’, the spotlight is now on the AI sector’s one-time ‘poster child’ A year is a long time in AI. Just 12 months ago, Sam Altman was predicting his company OpenAI would build a super intelligence and fundamentally remake society. Now the boss of the ChatGPT developer is walking back those ideas after failing to make money from ads and erotic cha...
With rivals racing to market to raise ‘eye-popping sums’, the spotlight is now on the AI sector’s one-time ‘poster child’ A year is a long time in AI. Just 12 months ago, Sam Altman was predicting his company OpenAI would build a super intelligence and fundamentally remake society. Now the boss of the ChatGPT developer is walking back those ideas after failing to make money from ads and erotic chatbots. Meanwhile, rivals are storming ahead with plans to expand and go public on the stock market, in what is widely expected to be a season of record-setting initial public offerings (IPOs). Continue reading...
The neurologist Orlando Swayne doesn’t suggest everyone can recover. But he does argue that early, targeted and intense therapy can sometimes bring about life-changing improvements – and we have a moral obligation to provide it Claire was in bad shape. She had been brought to the ward on a stretcher and hoisted on to a bed where she lay curled up in a ball. She was unable to speak, her eyes flat a...
The neurologist Orlando Swayne doesn’t suggest everyone can recover. But he does argue that early, targeted and intense therapy can sometimes bring about life-changing improvements – and we have a moral obligation to provide it Claire was in bad shape. She had been brought to the ward on a stretcher and hoisted on to a bed where she lay curled up in a ball. She was unable to speak, her eyes flat and face expressionless. While she could move her right arm a little, her left arm and both legs were immobile. Life had changed dramatically for Claire, a mother of three in her late 30s, many months earlier, when she collapsed while on a night out with friends. A weakness in an artery at the base of her brain had ruptured, spilling blood around her frontal lobe. She was taken to hospital, where surgeons removed two side plate-sized pieces of bone from her skull to relieve the pressure on her brain. She spent months in intensive care. Continue reading...
Chilling comments by Reform figures can’t be dismissed when you consider the overwhelming power of the UK’s centralised state Britain is much closer to tyranny than you think. Consider a recent social post by Zia Yusuf, one of Reform UK’s leading figures. “Recent events demonstrate why I view the Tory and Labour politicians who created the burning injustice of modern Britain as traitors to their c...
Chilling comments by Reform figures can’t be dismissed when you consider the overwhelming power of the UK’s centralised state Britain is much closer to tyranny than you think. Consider a recent social post by Zia Yusuf, one of Reform UK’s leading figures. “Recent events demonstrate why I view the Tory and Labour politicians who created the burning injustice of modern Britain as traitors to their country,” he wrote. “A reckoning is coming.” He didn’t define those “recent events”, or what his reckoning would entail, but historically speaking, those deemed “traitors to their country” do not fare well. Owen Jones is a Guardian columnist Continue reading...
Think self-tan is too much effort – or too risky? Not any more. The latest products are so simple to use you can just go with the glow I can’t be without a facial self-tan in spring/summer. Keen to offload heavier coverage foundations that can slip, slide and suffocate in the sunshine, I reach for a subtle tanner as a warmer, lighter and, truly, easier base layer for makeup. People wrongly imagine...
Think self-tan is too much effort – or too risky? Not any more. The latest products are so simple to use you can just go with the glow I can’t be without a facial self-tan in spring/summer. Keen to offload heavier coverage foundations that can slip, slide and suffocate in the sunshine, I reach for a subtle tanner as a warmer, lighter and, truly, easier base layer for makeup. People wrongly imagine self-tan to be too effortful, fiddly and risky, and understandably wonder where to slot it into their skincare routine, but a new crop of facial self-tanners simplifies both these issues. Continue reading...
Even for nonbelievers like me, the pope has become a reassuring – and all too rare – voice of moral clarity Do you remember the early 2000s, when Silicon Valley buzzed with idealism and tech bros told us they were going to save the world? “Don’t be evil” was Google’s unofficial motto; it’s 2004 IPO prospectus declared that doing “good things for the world” was more important than “short term gains...
Even for nonbelievers like me, the pope has become a reassuring – and all too rare – voice of moral clarity Do you remember the early 2000s, when Silicon Valley buzzed with idealism and tech bros told us they were going to save the world? “Don’t be evil” was Google’s unofficial motto; it’s 2004 IPO prospectus declared that doing “good things for the world” was more important than “short term gains”. Mark Zuckerberg similarly wrote in Facebook’s 2012 IPO letter that the social network was “built to accomplish a social mission – to make the world more open and connected”. As was obvious to anyone paying attention, this was all performative bullshit. Nevertheless, it’s hard not to feel nostalgic about that period of time – which came to a definitive end in 2018 , with the Cambridge Analytica scandal. By and large, billionaires and CEOs still cared what the hoi polloi thought of them. They were self-aware enough to realize that, even with all their billions, there’s a lot more of us than there are of them. Continue reading...