Minty Bets is joined by Kevin Iole to preview the Super Middleweight Title Bout between Canelo Alvarez vs. Avni Yildirim at Hard Rock Stadium in Miami on Saturday, Feb. 27.
The NAGA Group AG (XETRA: N4G, ISIN: DE000A161NR7), provider of the social network for financial market trading NAGA.com, reports on the largest financing arrangement in the company's history to date and further record growth in February 2021.
"Good Morning Britain" presenter Alex Beresford slammed Morgan's "absolutely diabolical behavior" as Morgan walked off.
Britain's monarchy kept its silence on Tuesday, after Meghan and Prince Harry sparked a crisis by alleging that a family member made a racist remark about the colour of their son's skin and that she was alienated to the point of contemplating suicide. The family, led by Queen Elizabeth, 94, was grappling with how to respond to Oprah Winfrey's TV interview, in which Harry also said that his father, heir-to-the-throne Prince Charles, had let him down. "Worst Royal Crisis in 85 Years," read the front page of the Daily Mirror newspaper, while the Daily Mail's cover asked "What Have They Done?" and The Sun columnist Trevor Kavanagh questioned if the interview meant the end for the royals.
Japanese renewables group JRE has been put up for sale by its owners, including Goldman Sachs , three people familiar with the matter said, a deal expected to draw interest from European firms eager to enter Japan's green power market. Japan Renewable Energy Corporation (JRE) is co-owned by Singapore's sovereign wealth fund GIC, which took an undisclosed stake in 2017. Shell and Goldman Sachs declined to comment.
Nine out of 10 people are positive about the vaccine and will have it
Shift Technologies forecasted better-than-expected sales in the first quarter after results topped consensus estimates in 4Q. Shares of the end-to-end auto e-commerce platform jumped 9.4% in Monday’s extended trading session after closing 4.1% lower on the day. Shift Technologies (SFT) reported a 4Q net loss of $0.07 per share, compared to the loss of $6.51 per share during the same quarter last year. Analysts had expected the company to report a loss of $0.42 per share. Revenues surged 168% year-over-year to $73.4 million and outpaced the consensus estimate of $73 million. The outstanding performance was driven by a 147% rise in total units sold during the quarter. The company’s adjusted gross profit per unit (GPU) was $514 in the quarter, up 53% year-over-year. Adjusted EBITDA came in at a loss of $28.9 million, compared to a loss of $12.8 million in the prior-year quarter. Shift Technologies CFO Cindy Hanford commented, “We expect 2021 to be a big year for strategic milestones, continued revenue growth and improving unit economics as we scale the business.” For 2021, the company projects revenue to exceed $450 million, versus analysts’ expectations of $392.07 million. Adjusted GPU is expected to be greater than $1,600 per e-commerce unit. For the first quarter of 2021, revenue is expected to be between $90 million and $95 million, versus the consensus estimate of $72.6 million. Adjusted GPU is forecasted to be in the range of $1,200 – $1,350. (See Shift Technologies stock analysis on TipRanks) Following the 4Q results, Wells Fargo analyst Zachary Fadem reiterated a Buy rating and a price target of $12 (56.3% upside potential) on the stock. “While SFT’s Q4 print featured several puts/takes,” the analyst sees “a favorable outcome considering modest topline upside, a better-than-expected Q1/FY21 outlook and clear evidence that SFT is moving past COVID-driven execution hurdles.” Wall Street analysts are bullish about the stock. The Strong Buy consensus rating boasts 3 Buy ratings versus 1 Hold rating. Looking ahead, the average analyst price target stands at $16.50, putting the upside potential at almost 115% over the next 12 months. Related News: Hibbett 4Q Profit Exceeds Estimates As E-commerce Sales Boom; Shares Tank 4% Big Lots’ 4Q Profit Beats Analysts’ Estimates As Comparable Sales Rise; Shares Gain 2% Cooper’s 1Q Results Beat The Street Consensus; Street Says Buy More recent articles from Smarter Analyst: DuPont Inks $2.3B Deal To Snap Up Laird Performance Materials; Shares Gain Athene Gains 6% On $11B Merger Deal With Apollo Zynex Plans To Buy Back $10M In Stock; Shares Jump Over 10% Billionaire Jim Simons Snaps Up These 2 Biotech Stocks
(Bloomberg) -- Vodafone Group Plc is looking to raise as much as 2.58 billion euros ($3.1 billion) from an initial public offering of its European mobile-phone towers unit in Frankfurt, in what will be one of the region’s biggest stock market listings this year.The U.K. telecommunication giant plans to sell 88.9 million shares in the unit at 22.50 euros to 29 euros apiece, according to a statement Tuesday. At the top of the price range, Vantage would be the biggest European IPO since InPost SA’s in January.Two investment funds, Digital Colony and RRJ, agreed to buy 500 million euros and 450 million euros of stock, respectively, in the offering, which will run through March 17. The new stock will start trading on March 18. The IPO values Vantage at as much as 14.7 billion euros. Proceeds will go toward paying down the parent company’s debt pile, Vodafone has said.Vodafone shares were little changed in early London trading. Vodafone and other European carriers, hit by increasing competition, regulations and the Covid-19 pandemic, are looking to squeeze value from their mast and fiber assets. The push to roll out fifth-generation networks is also driving demand for more tower capacity, fueling a wave of consolidation and restructuring.And for yield-hungry investors, these assets promise steady returns as tower companies typically sign long-term contracts, linked to inflation, for the space they rent out to mobile operators. Vantage plans to pay out 60% of recurring free cash flow annually in dividends, and intends to distribute 280 million euros in July for this financial year, the company said last month.Still, mobile carriers looking to rent capacity from Vantage are direct competitors of the tower company’s majority shareholder and main customer across geographies: Vodafone. Independent European mast operators like Cellnex Telecom SA don’t have this drawback.At the high end of the price range, the IPO would raise 2.58 billion euros. Vodafone has the option to sell another 22.2 million shares, while the underwriters can sell another 13.3 million shares to cover possible over-allotments. If all of those shares were sold at the top of the range, the offering would raise 3.6 billion euros.Vantage’s blockbuster offering will put Germany’s IPO market on track for its best year since 2018, according to data compiled by Bloomberg. And a slew of other offerings are being considered, ranging from units being carved out of large conglomerates such as Volkswagen AG and Daimler AG to much potential listings from younger companies.Language app Babbel and ProSiebenSat.1 Media SE-owned dating platform ParshipMeet are eyeing IPOs, Bloomberg News reported last month. Listings for open-source software developer SUSE, online eyewear retailer Mister Spex, cybersecurity provider Utimaco GmbH, prosthetic limb maker Ottobock SE & Co. and e-commerce site About You GmbH are also said to be in the works.(Updates with Vodafone shares in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Keeping schools closed or even partially closed, based on what we know now, is harming children.
Grifols (MCE: GRF, MCE: GRF.P; NASDAQ: GRFS), a global healthcare company with a proven track record of more than 100 years dedicated to improving the health and well-being of people worldwide, today announced the closing of its agreement with GigaGen Inc. to acquire its remaining 56% share capital for USD 80 million.
Piers Morgan staged a walkout live on Good Morning Britain after the former CNN presenter was taken to task over remarks he made about Meghan Markle’s interview with Oprah Winfrey. Morgan was challenged by co-star Alex Beresford after he spent Monday morning raging at Markle, prompting a complaint from mental health charity Mind, which raised […]
The front pages of Britain’s newspapers are dominated by the fallout from Prince Harry and Meghan Markle’s interview with Oprah Winfrey. The two-hour interview, originally broadcast on CBS in the US, was aired on ITV1 on Monday evening, and contained a number of revelations about the Royal Family. Tuesday’s newspapers all focused on the Duke and Duchess of Sussex and what their claims could mean for the monarchy. Read more: Poll shows Britons have little sympathy for Harry and Meghan On Monday, Harry said in a clip not aired in the original broadcast that racism in the UK was a “large part” of why he and Meghan left for the US, and that the British press, “specifically the tabloids”, was “bigoted”. Some of those newspapers hit back on Tuesday, with the Daily Mail asking of the couple in its front page headline: “What have they done?” The paper’s royal editor Rebecca English said the “bombshell” interview left Buckingham Palace “paralysed with ‘horror and dismay”. She wrote: “The Queen, Prince Charles and Prince William were all locked in crisis talks over how to react to a string of incendiary accusations unleashed by Harry and wife Meghanl”. In the interview, Meghan revealed there were times when she “didn’t want to be alive any more” because of the pressures of life within the Royal Family. She said at one point an unnamed royal asked Harry “how dark” their son Archie’s skin might be. On Monday, Winfrey told CBS This Morning that Harry told her neither the Queen nor Prince Philip made the remark. Harry said he felt “let down” by his father the Prince of Wales, saying Charles stopped taking his calls after the couple’s decision to step back from royal duties. Harry also said he and his brother William “were on different paths”. The couple also revealed that they are expecting a baby girl. Although the Daily Telegraph led with US president Joe Biden saying Meghan had shown courage in speaking out, its columnist Allison Pearson said the interview was a “devastating insult” to the Queen. She wrote: “However loudly Harry and Meghan may have proclaimed their affection for the monarch there is no question that their interview was a devastating act of lèse-majesté. “The couple unleashed demons which could destabilise her beloved Commonwealth and threaten the future of the monarchy itself.” The front page in the Daily Express read: “So sad it has come to this”. Its columnist Stephen Pollard criticised the Sussexes for electing to air their grievances on “prime time TV”. Read more: Meghan says she's had worse press treatment than Kate He wrote: “Meghan and Harry took to the airwaves for a two-hour long interview in which they spoke about themselves, their feelings and their wishes to the exclusion of all else.” Referring to the abdication of Edward VIII in 1936, the Daily Mirror said it was the “worst royal crisis in 85 years”. A leading article in The Times said: “The implication that the monarchy is racist could hardly be more damaging to an institution that relies for its legitimacy on its claim to represent the whole of modern Britain. “The problem for the royal family is that there is little they could say by way of explanation or mitigation that would not risk making the situation worse.” Metro splashed with a picture of Harry, a pregnant Meghan and Archie with the headline, “Just the four of us now”.
GLOW SHENZHEN 2020, the first international light festival in Shenzhen with the theme "Immersed in Shenzhen", concluded recently.
"There's a large music community here and it's pretty popular to have a variety of concert series," said one local leader. Here's what the city is trying out to keep musicians afloat.
DuPont has agreed to buy Laird Performance Materials, an electromagnetic shielding products maker, in a cash deal worth $2.3 billion from a private equity firm, Advent International. Shares of the technology-based materials and solutions provider rose 1.6% to close at $75.20 on March 8. DuPont (DD) is looking to fund the acquisition through existing cash on hand. The deal, which awaits regulatory approvals, is expected to close in the third quarter of this year. Upon closure of the deal, DuPont expects to record pre-tax run-rate cost synergies of $60 million by the end of 2024, the majority of which is likely to be realized in the first 18 months. After adjusting for one-time estimated costs of $40 million to achieve cost synergies and deal-related amortization, the deal is expected to be accretive to operating EBITDA margins, free cash flow, and adjusted EPS within the first 12 months. Moreover, single-digit ROIC is anticipated within five years. (See DuPont stock analysis on TipRanks) DuPont CEO Ed Breen said, “Laird Performance Materials is a strategic and complementary addition to the Electronics & Industrial (E&I) business, and our applied material science expertise together with Laird Performance Materials’ industry-leading application engineering capabilities further strengthens DuPont as an essential partner for major electronics OEMs and manufacturers.” Additionally, DuPont’s board of directors approved a new $1.5 billion share buyback program, which will expire on June 30, 2022. As of Dec. 31, 2020, the company had $1 billion of shares available under its existing share repurchase program. On Feb. 3, Wells Fargo analyst Michael Sison trimmed the stock’s price target to $87 (15.7% upside potential) from $95 and maintained a Buy rating following “the split-off of the N&B business.” Sison believes “DuPont remaining company has a high-quality portfolio of businesses, which offers strong leverage to high performance polymers and resins that can replace other materials with superior performance, technology advancements needed in the semiconductor industry and engineered products focused on safety and health needs of a variety of industries.” Further, the analyst noted, “DuPont remains undervalued given his growth expectations for semiconductor manufacturing, and the underlying quality of its T&I and S&C businesses, which have previously traded in-line with commodity chemical multiples.” The rest of the Street is cautiously optimistic about the stock with a Moderate Buy consensus rating. That’s based on 5 analysts suggesting a Buy and 6 analysts recommending a Hold. The average analyst price target of $83 implies a 10.4% upside potential to current levels. Shares have jumped almost 30% over the past six months. DuPont scores an 8 out of 10 from TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations. Related News: Coherent Determines Revised Buyout Offer From II-VI To Be Financially Best Fit Chevron Inks Deal To Buy Noble Midstream Partners; Shares Gain 4% TopBuild Buys Insulation Peer Ozark Foam; Street Sees 16% Upside More recent articles from Smarter Analyst: Shift Technologies’ 1Q Sales Outlook Tops Estimates After 4Q Beat; Shares Pop 10% Athene Gains 6% On $11B Merger Deal With Apollo Zynex Plans To Buy Back $10M In Stock; Shares Jump Over 10% Billionaire Jim Simons Snaps Up These 2 Biotech Stocks
Buckingham Palace facing crisis after racism claims made in interview
Kanabo Group Announces Agreement with PharmaCann Polska for a First-of-its Kind Production Line for Medical Cannabis Vape Cartridges
The GMB presenter said he 'couldn't do this' after being accused of trashing Meghan Markle.
Jonathan Ashworth calls on royal family to ‘come forward with a process’ – after more than 24 hours of silence
The European Parliament on Tuesday voted to lift the immunity of the former president of Spain’s Catalonia region, Carles Puigdemont, and two of his associates, a move that could pave the way for their extradition. In the decision on Puigdemont, 400 legislators voted for the waiver of immunity, 248 were against and 45 abstained. The measures to lift the immunity of his associates — former Catalan health minister Toni Comin and former regional education minister Clara Ponsati — were by largely similar margins.
German exports unexpectedly rose in January, buoyed by robust trade with China in a positive start to the year for manufacturers in Europe's largest economy. Seasonally adjusted exports increased 1.4% on the month after an upwardly revised increase of 0.4% in December, the Federal Statistics Office said on Tuesday. January's 1.4% increase in exports far surpassed even the most optimistic forecast.
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