Due to the high visibility in Darden Restaurants’ (DRI) earnings, we have opted for the forward PE multiple. Darden’s strong fiscal fourth-quarter earnings and optimistic fiscal 2019 outlook have led to a rise in its stock price and its valuation multiple. As of June 21, Darden was trading at a forward PE multiple of 19.6x compared to 17.2x before the announcement of its fiscal fourth-quarter earnings.
Prosecutors have accused Donald Trump of “orchestrat[ing] a criminal scheme to corrupt the 2016 presidential election” as his historic hush money trial began in New York. The Republican presidential candidate and former president appeared at Manhattan criminal court on Monday, accused of covering up a hush money payment made to porn star Stormy Daniels during his 2016 presidential campaign.
Rishi Sunak’s government has found 500 ‘highly trained’ people to escort asylum seekers to Rwanda
Lords cave to pressure and withdraw final amendment to the Rwanda bill
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Name of exempt principal trader:Investec Bank plc(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offereeabrdn European Logistics Income plc(c) Name of the party to the offer with which exempt principal trader i
Patient Capital Management, a value investing firm, released its “Patient Capital Opportunity Equity Strategy” first quarter 2024 investor letter. A copy of the same can be downloaded here. During the quarter the strategy returned 11.8% net of fees compared to the S&P 500’s 10.6% return. The outperformance of the portfolio can be attributed to selection and […]
The World Bank has suspended funding for a tourism project in Tanzania that caused the suffering of tens of thousands of villagers, according to a U.S.-based rights group that has long urged the global lender to take such action. The World Bank's decision to suspend the $150 million project, which aims to improve the management of natural resources and tourism assets in a remote part of southern Tanzanian, was “long overdue,” the Oakland Institute said in a statement Tuesday, charging that the bank's "failure to take immediate action resulted in serious harms for the local communities.” The suspension of World Bank financing took effect April 18.
Company announcement no. 27 In company announcement no. 10 2024, Spar Nord announced a share buyback programme of up to DKK 500 million. The share buyback was initiated on 12 February 2024. The purpose of the share buyback is to reduce the bank’s share capital by the shares acquired under the programme, and the programme is executed pursuant to Regulation (EU) No 596/2014 of 16 April 2014 (“Market Abuse Regulation”). In last week the following transactions were made under the share buyback progr
One of the choppers clipped the rotor of the other before the two crashed into the ground, footage shows.
Ruth Gregory, deputy chief UK economist at Capital Economics, says Jeremy Hunt may be ‘disappointed’ by the public borrowing figures. The FTSE 100 index is set to build on last night’s record finish, with IG Index forecasting a rise of 0.5% or 43 points to an intraday all-time high near 8066.
An unexpected rise in public borrowing could limit the scope of pre-election tax cuts, say analysts.
The sponsor has justified the promotion of its controversial product. Find out more.
U.K. property lender to leverage nCino’s cloud-based platform across core servicesLONDON, April 23, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that Together, one of the UK’s leading property lenders, has selected nCino’s Cloud Banking Platform to revolutionise and future-proof its business. Together provides finance to people and businesses through a “common-sense approach” to lending and judging eac
Aerospace & Defense Telemetry Industry size is expected to register 7% CAGR between 2024 and 2032 propelled by the increasing demand for real-time data.Selbyville, Delaware, April 23, 2024 (GLOBE NEWSWIRE) -- Aerospace & Defense Telemetry Market is likely to record USD 3 billion by 2032, as per a recent study by Global Market Insights Inc. The rising sustainable development goals for urging immediate action to combat climate change and its effects will favor the industry development. With growin
Notice of Syensqo’s Annual General Meeting on May 23, 2024 Brussels, Belgium – April 23, 2024 - 08.30 CEST Syensqo, today announced that it has published materials for its first Ordinary General Shareholders’ Meeting, which will be held on Thursday May 23, 2024 at the Dome EventHall, Boulevard Lambermont 1, 1000 Brussels, at 10.30 a.m. CEST. All documents relating to the meeting are available on Syensqo’s website. Shareholders will be asked to vote on a number of resolutions, including the appro
LOS ANGELES, April 23, 2024--Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) ("Faraday Future", "FF" or "Company"), a California-based global shared intelligent electric mobility ecosystem company, announced that consultant Werner Wilhelm is assisting the Company as Executive Launch Director, effective immediately.
SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”) today announced that it has agreed to acquire two LNG dual-fuel 33,000 dwt chemical carriers. The vessels are built in 2022/2023 and fitted with stainless steel cargo tanks, and the aggregate purchase price is approximately $114 million. SFL has arranged long term employment for the vessels with affiliates of Stolt Tankers, a subsidiary of the world-leading chemical logistics company Stolt-Nielsen Limited (“Stolt-Nielsen”). The Company ex
The vehicles were rehearsing at a Naval base when the crash occurred
The Parramatta Eels are struggling in 2024 and Brad Arthur is under pressure. Find out more here.
A clean out of the Crown board and "intensive remediation" has satisfied a regulator that it can lawfully run its waterfront casino in Sydney.
Japan's Nikkei share average rose on Tuesday, buoyed by Wall Street's rally overnight, although concerns about big tech earnings and tensions in the Middle East capped gains. The Nikkei ended the day up 0.3% at 37,552.16. Trading was choppy in Tuesday's morning session, with the index gaining 1% before retreating briefly into negative territory.
Yahoo Finance