Sabre press release ( SABR ): Q1 GAAP EPS of $0.02 beats by $0.15 . Revenue of $760M (-2.1% Y/Y) beats by $26.49M . Exceeded revenue and Pro Forma Adjusted EBITDA guidance and achieved airdistribution bookings guidance, reflecting continued execution of our growthstrategies and effective cost management• Reaffirming 2026 guidance for Pro Forma Adjusted EBITDA and Free Cash Flow• Grew Marketplace r...
Sabre press release ( SABR ): Q1 GAAP EPS of $0.02 beats by $0.15 . Revenue of $760M (-2.1% Y/Y) beats by $26.49M . Exceeded revenue and Pro Forma Adjusted EBITDA guidance and achieved airdistribution bookings guidance, reflecting continued execution of our growthstrategies and effective cost management• Reaffirming 2026 guidance for Pro Forma Adjusted EBITDA and Free Cash Flow• Grew Marketplace revenue 9% year-on-year, driven by strong bookings and higherbooking fees• Achieved 6% air distribution bookings growth, the highest in over two years• Delivered 27% year-on-year increase in operating income and expanded margintwo percentage points from 13% to 15%• Sabre's AI platform successfully launched first agentic AI experience for travelwith MindTrip and PayPal• Operating income of $116 million, up 27% from Q1'25• Net income attributable to common stockholders of $8 million• Adjusted EBITDA(1) of $159 million, up 21% from Q1'25 More on Sabre Sabre Corporation (SABR) Shareholder/Analyst Call Prepared Remarks Transcript Sabre: Don't Chase The Constellation Rally Sabre Corporation (SABR) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript Sabre Q1 2026 Earnings Preview Sabre Corp. jumps after adopting rights plan as Constellation accumulates stake
The owner of crypto exchange Kraken has agreed to pay $600 million for Reap Technologies , a stablecoin-oriented provider of cross-border and business payments services. Kraken parent Payward Inc. is paying cash and stock for the Hong Kong-based company, according to Arjun Sethi , co-chief executive officer of Payward and Kraken. Payward is issuing stock at a valuation of $20 billion, he said. Rea...
The owner of crypto exchange Kraken has agreed to pay $600 million for Reap Technologies , a stablecoin-oriented provider of cross-border and business payments services. Kraken parent Payward Inc. is paying cash and stock for the Hong Kong-based company, according to Arjun Sethi , co-chief executive officer of Payward and Kraken. Payward is issuing stock at a valuation of $20 billion, he said. Reap is Payward’s first infrastructure acquisition in Asia and its third-largest acquisition, Sethi said in an interview. The transaction will result in new business-to-business products, including card issuance and stablecoin payments, he said. “If you take Europe out, the fastest growing market is Asia, not just revenue but also asset-on-platform,” Sethi said. “They have already done it in Asia. They can expand into the US overnight with us.” Reap has a payments business that connects traditional financial systems with digital assets, enabling cross-border money flow. It’s led by Daren Guo, who previously launched the Asia Pacific business for payments firm Stripe , and former investment banker Kevin Kang, its website shows . This year, Payward launched a business-to-business infrastructure platform offering stablecoin payments, digital-asset trading, lending and other services to fintechs, banks, brokerages and regular businesses that are paid in cryptocurrencies. Payward has done a series of acquisitions to build out its product capabilities and regional presence. It announced a deal in April to buy crypto derivatives exchange Bitnomial for as much as $550 million, after striking a $1.5 billion deal last year for NinjaTrader . Payward confidentially filed for an initial public offering late last year.
Our changing diet, which increasingly revolves around vegetable, makes wine-matching a bit trickier, but there’s no need to overthink it At a recent tasting, I got chatting to a winemaker from Australia’s Clare Valley as I bravely made my way through his wares: a ripe, leathery shiraz and a deep, dark cabernet sauvignon that put me in mind of blackcurrant bushes. These were serious wines – and goo...
Our changing diet, which increasingly revolves around vegetable, makes wine-matching a bit trickier, but there’s no need to overthink it At a recent tasting, I got chatting to a winemaker from Australia’s Clare Valley as I bravely made my way through his wares: a ripe, leathery shiraz and a deep, dark cabernet sauvignon that put me in mind of blackcurrant bushes. These were serious wines – and good value, too. A generation ago, such gutsy New World reds were all the rage, but now, lamented the winemaker, gen Z was more interested in lighter, cooler-climate wines, lower on the alcohol and brighter on the palate. He had two theories on this. One was vanity: no one on Instagram or TikTok wants to drink a red wine that stains their teeth, which is bad news for producers of high-tannin wines such as malbec and cabernet. And, two: it’s also to do with the changing western diet. Aussie shiraz is the archetypal sausage-on-the-barbie wine; Argentinian malbec is a steakhouse cliché; and, in France, malbec is mainly grown around Cahors in the south-west, land of heavy cassoulets and fat-tastic maigrets de canard . You need something with a bit of muscle to stand up to all that. Continue reading...
US war with Iran drives diesel fuel prices up during spring planting season, ‘hitting us at the wrong time’, farmers say It has been a tough few years for American farmers. Squeezed last year by tariffs , they lost an estimated $34.6bn when former trade partners stopped buying. Now, the war with Iran has not only depleted crucial fertilizer stores but has also driven diesel fuel up to record price...
US war with Iran drives diesel fuel prices up during spring planting season, ‘hitting us at the wrong time’, farmers say It has been a tough few years for American farmers. Squeezed last year by tariffs , they lost an estimated $34.6bn when former trade partners stopped buying. Now, the war with Iran has not only depleted crucial fertilizer stores but has also driven diesel fuel up to record prices . Like the trucking industry, agriculture relies heavily on diesel to run machinery, as diesel-powered engines are more fuel efficient than gasoline-powered ones. Continue reading...
The tiny Italian club are flying high with the help of the former Arsenal player, ambitious owners and a scouting guru inspired by Football Manager The serene sound of lapping water is broken only by the whir of a seaplane engine swooping to land. Outside the hangar to which the aircraft will soon return, a crowd has gathered well before kick-off. Later, most will scale the steep steps of the adja...
The tiny Italian club are flying high with the help of the former Arsenal player, ambitious owners and a scouting guru inspired by Football Manager The serene sound of lapping water is broken only by the whir of a seaplane engine swooping to land. Outside the hangar to which the aircraft will soon return, a crowd has gathered well before kick-off. Later, most will scale the steep steps of the adjacent Stadio Giuseppe Sinigaglia. To the right sits Villa Carminati, a new private members’ club that also houses hospitality guests on matchdays. It is a unique setting for a unique football club. When bathed in sunshine, as was the case for last Sunday’s goalless draw with Napoli, Como 1907 is a waterside paradise. Or, as their president Mirwan Suwarso puts it when drawing parallels between the club and Disney, it is the “theme park” division of the “main brand … Lake Como”. Continue reading...
Just_Super/E+ via Getty Images In my opinion Lithium Argentina ( LAR ) is quite an interesting story, but not really a clean one. The company has already working Cauchari-Olaroz project, the production is rising, and costs decreasing. Given their momentum, I would bet that the share price might go up even more. However, I also see many issues that are causing some uncertainty for me. The company i...
Just_Super/E+ via Getty Images In my opinion Lithium Argentina ( LAR ) is quite an interesting story, but not really a clean one. The company has already working Cauchari-Olaroz project, the production is rising, and costs decreasing. Given their momentum, I would bet that the share price might go up even more. However, I also see many issues that are causing some uncertainty for me. The company is not a very safe bet on lithium production. On one hand, we can say that they have proven themselves in the hardest phase. But on the other hand, it is not really financially stable. In 2025 Cauchari-Olaroz produced 34.1 thousand tonnes of lithium and in 2026 management guides for 35-40 thousand tonnes production. That is progress and I cannot argue with it. But at the same time, the company by the years end had only $61.1 million and $258.75 million in convertible bonds, which are nearing their term - January 2027. Cauchari-Olaroz For me the company is interesting not because of lithium itself. We have stories like Lithium Americas ( LAC ) already, and many more. I am more interested in their asset which is producing. The company holds 44.8% Cauchari-Olaroz project in Argentina. It is a huge lithium project, in which Ganfeng Lithium is also participating. The part where I am cautious is that the company does not control the whole story. It own just part of it and is very dependent on Ganfeng. It is not really that bad, because Ganfeng has capital, technological knowledge and lithium market experience. However, as I said it is not a clean of investment as I would like it to be. Cauchari-Olaroz is the only asset why this company is worth analysing it. In 2025 production increased from 7.2 thousand tonnes in first quarter to 9.7 thousand in fourth one, and overall annual production was 34.1 thousand tonnes. Quite good to be fair. It is important that this asset showed that even at starting phase it can be ramping up quite fast. Lithium projects tend to look good only on pape...
The actor on dealing with disruptive drinkers in his pub, what he’d ask Shakespeare, and being urged by Alec Guinness to withdraw from Stonewall In more than six decades of acting, what has changed the most? eamonmcc My first job, in 1961, was at the Belgrade theatre in Coventry, the first British civic theatre built after the second world war, with public funds and a subsequent Arts Council grant...
The actor on dealing with disruptive drinkers in his pub, what he’d ask Shakespeare, and being urged by Alec Guinness to withdraw from Stonewall In more than six decades of acting, what has changed the most? eamonmcc My first job, in 1961, was at the Belgrade theatre in Coventry, the first British civic theatre built after the second world war, with public funds and a subsequent Arts Council grant. My weekly wage was £8, enough to pay for my flat, which cost three guineas, and to eat well enough. Every city of similar size had a repertory company, presenting a new production every two weeks, and crucially providing employment for tyro actors in need of a prolonged apprenticeship in the company of senior players. You learned what you could and couldn’t do and what you could aspire to. Today, alas, there is not a single rep company in the UK and no comparable system for training new talent. My Belgrade flat, built to house a member of the disbanded company, now holds the council’s office of outreach and education. What is unchanged since 1961 is the enthusiasm of audiences for lively theatre, classic or newly written. Going to live theatre is still one of the principal amusements in the UK. Continue reading...
Decades of complacency cannot be magicked away by drilling in the North Sea – or even by hoping that renewables will quickly power everything Ewan Gibbs is a historian of energy at the University of Glasgow First it was Russia’s full-scale invasion of Ukraine, now it is the blockade of the world’s petroleum artery in the Gulf. For the second time in four years, Britain is facing an energy crisis t...
Decades of complacency cannot be magicked away by drilling in the North Sea – or even by hoping that renewables will quickly power everything Ewan Gibbs is a historian of energy at the University of Glasgow First it was Russia’s full-scale invasion of Ukraine, now it is the blockade of the world’s petroleum artery in the Gulf. For the second time in four years, Britain is facing an energy crisis that has been made much worse because of the absence of preparation by its political leaders. The fact is that our energy politics were conceived for a world where convulsive, global events were a thing of the past. The notion that it would be difficult to access supplies of oil or liquefied natural gas from the international markets did not figure in the understanding of the politicians and officials who shaped our perilous current moment. But even today, the advocates of energy sovereignty on the left and right appear to lack knowledge, understanding or power over this very foundational matter. Ewan Gibbs is a historian of energy, industry, work and protest at the University of Glasgow. He is the author of Coal Country: The Meaning and Memory of Deindustrialization in Postwar Scotland Continue reading...
Jordan Siemens/DigitalVision via Getty Images Introduction My first view of Columbia Sportswear Company ( COLM ) revealed a stable business. They have a clean balance sheet and strong brand recognition. After a bit of digging it became clear that it might not be as perfect as initially perceived. Management launched the ACCELERATE strategy hoping to rejuvenate the company. Unfortunately, this has ...
Jordan Siemens/DigitalVision via Getty Images Introduction My first view of Columbia Sportswear Company ( COLM ) revealed a stable business. They have a clean balance sheet and strong brand recognition. After a bit of digging it became clear that it might not be as perfect as initially perceived. Management launched the ACCELERATE strategy hoping to rejuvenate the company. Unfortunately, this has not resulted in groundbreaking results yet. The company’s growth has slowed and margins are starting to weaken. The company has to rely on international markets to offset the weakness in U.S. demand. Growth is remaining uneven, even with Q1 results being ahead of management's quarterly guidance. The clean balance sheet and shareholder returns help to limit downside risk. A more bullish stance cannot be supported by the current revenue growth and margin trend. For this reason, I view the stock as a Hold. Business Overview Columbia is an outdoor and activewear company. They sell globally in over 115 countries through channels such as wholesale and DTC. Most of their products are being manufactured by third-party suppliers who are mainly located in Asia. This helps to keep costs flexible, but there is no avoiding tariffs and supply chain risks. Financial Performance As I mentioned, recent financial performance indicated that the business is fairly stable. Unfortunately they are not showing meaningful growth. The Net sales in Q1 2026 were flat Y.o.Y at $779 million. International markets carried growth with a 16% increase Y.o.Y while the U.S. sales declined 10%. The international markets are currently representing 40% of the total sales. You would expect sales to be booming as a result of the ACCELERATE strategy, but this is not the case. It is clear that the issue is uneven growth. As the U.S , which is the core segment, continues to lag, growth is increasingly dependent on international markets. For me this also raises questions on the quality of the growth that is achieved. ...