The average one-year price target for Beiersdorf Aktiengesellschaft (BIT:1BEI) has been revised to €99.50 / share. This is a decrease of 16.04% from the prior estimate of €118.52 dated February 23, 2026. The price target is an average of many targets provided
The average one-year price target for Beiersdorf Aktiengesellschaft (BIT:1BEI) has been revised to €99.50 / share. This is a decrease of 16.04% from the prior estimate of €118.52 dated February 23, 2026. The price target is an average of many targets provided
The gap between rich and poor nations is growing even wider as actions agreed to by many countries last year, including overhauling the major global financial institutions, remain unfulfilled promises, a UN report has concluded. The report assessing the blueprint adopted in Seville, Spain, last June to narrow the gap and achieve UN development goals for 2030 was issued ahead of next week’s spring ...
The gap between rich and poor nations is growing even wider as actions agreed to by many countries last year, including overhauling the major global financial institutions, remain unfulfilled promises, a UN report has concluded. The report assessing the blueprint adopted in Seville, Spain, last June to narrow the gap and achieve UN development goals for 2030 was issued ahead of next week’s spring meetings in Washington of the International Monetary Fund and the World Bank, the main global...
A woman walks past a digital screen displaying news of USIran peace talks along a road in Islamabad on April 10, 2026. A cloud of uncertainty hung April 10 over the scheduled start of talks in Pakistan between the United States and Iran, with no announcement yet on the arrival of negotiators and both sides accusing the other of failing to properly implement a fragile ceasefire. (Photo by Farooq NA...
A woman walks past a digital screen displaying news of USIran peace talks along a road in Islamabad on April 10, 2026. A cloud of uncertainty hung April 10 over the scheduled start of talks in Pakistan between the United States and Iran, with no announcement yet on the arrival of negotiators and both sides accusing the other of failing to properly implement a fragile ceasefire. (Photo by Farooq NAEEM / AFP via Getty Images)
Wirestock/iStock Editorial via Getty Images Thesis We last covered the Series B Preferred Shares ( GLP.PR.B ) from the MLP Global Partners ( GLP ) a year ago, when we authored an article that showed our expectations for a one year remaining maturity on the securities. With the first call date for GLP.PR.B upon us (in May 2026), we are going to show investors why the securities will get called, thu...
Wirestock/iStock Editorial via Getty Images Thesis We last covered the Series B Preferred Shares ( GLP.PR.B ) from the MLP Global Partners ( GLP ) a year ago, when we authored an article that showed our expectations for a one year remaining maturity on the securities. With the first call date for GLP.PR.B upon us (in May 2026), we are going to show investors why the securities will get called, thus avoiding any lost cost of opportunity by parking cash here. The fundamental performance by the operating company is strong The MLP has done very well in the past year, posting healthy EBITDA and net income figures: Financials (Company Preso) The product margin and gross profit figures have been very constant year over year, with the net income figure slightly lower due to the higher necessary maintenance capex. As an MLP we did expect the company to have 'sticky' financials, but GLP is extremely well run and has a reliable performing business model. We can see that in the segmentation of the revenue generators for the business as well: Business Segments (Company Presentation) While the wholesale business was slightly higher year-on-year, the GDSO business segment saw a slight contraction, while the commercial segment was largely stable. Robust balance sheet As an MLP, the company runs leverage: Leverage (Company Presentation) The leverage ratio as of December 2025 was 3.6x, which is on the high side for non-MLP businesses. In fact GLP had issued preferred shares in the past due to high leverage and the need to keep that in check. At a point the company's leverage was close to 5x (after the pandemic when gas demand plummeted initially), which meant it needed alternative forms of financing in order to avoid hitting bond covenants: In the world of corporate finance, bond leverage covenants are essentially the "guardrails" that lenders (bondholders) put on a company to ensure it doesn't take on too much debt. Think of it like a bank giving you a mortgage but stating you can’t...
The average one-year price target for Valero Energy (BIT:1VLO) has been revised to €200.84 / share. This is an increase of 15.42% from the prior estimate of €174.01 dated February 23, 2026. The price target is an average of many targets provided by analysts. T
The average one-year price target for Valero Energy (BIT:1VLO) has been revised to €200.84 / share. This is an increase of 15.42% from the prior estimate of €174.01 dated February 23, 2026. The price target is an average of many targets provided by analysts. T
What happened to his disappearing Höfner bass? Plus: Jack Whitehall helms Saturday Night Live UK before it takes a break. Here’s what to watch this evening 8.45pm, BBC Two Continue reading...
What happened to his disappearing Höfner bass? Plus: Jack Whitehall helms Saturday Night Live UK before it takes a break. Here’s what to watch this evening 8.45pm, BBC Two Continue reading...
OpenAI says Elon Musk has suddenly changed direction on what he’s seeking in his lawsuit against the startup in a “legal ambush” just weeks before trial. In a court filing late Friday night, OpenAI said the objectives Musk proposed earlier in the week appear to be aimed at “sandbagging the defendants and injecting chaos into the proceedings, while trying to recast his public narrative about his la...
OpenAI says Elon Musk has suddenly changed direction on what he’s seeking in his lawsuit against the startup in a “legal ambush” just weeks before trial. In a court filing late Friday night, OpenAI said the objectives Musk proposed earlier in the week appear to be aimed at “sandbagging the defendants and injecting chaos into the proceedings, while trying to recast his public narrative about his lawsuit.” Musk sued OpenAI and Microsoft Corp. in 2024 over claims that the maker of ChatGPT abandoned its founding mission as a research institution when it took billions of dollars in backing from the software stalwart and planned its restructuring as a for-profit business. A trial over those allegations is set for April 27. OpenAI and Microsoft have denied wrongdoing. The world’s richest person told the court in January he was seeking in the range of $79 billion to $134 billion in “wrongful gains” from his adversaries, based in large part on how much the value of OpenAI has exploded since Musk worked with Sam Altman and others to found the startup in 2015. A judgment of that magnitude would be among the largest court awards in US history. Then Musk’s lawyers said in a filing this week that any money he wins at trial should go back to OpenAI instead of to him. They also said Musk wants the court to unwind OpenAI’s conversion and to oversee its financings and transactions in the future ensure it doesn’t stray from its original mission — and for Altman to be ousted from his leadership roles as OpenAI’s chief executive officer and board member. Read More: Musk Seeks Ouster of OpenAI CEO Sam Altman as Trial Looms OpenAI said in Friday’s filing that these 11th-hour proposals are “legally improper and factually unsupported.” “Musk’s proposed amendment would require the presentation of different evidence and different witnesses than the case he sponsored until three days ago,” OpenAI’s lawyers wrote.