Brenntag cuts core profit guidance for 2025
The group now expects operating earnings before interest, taxes and amortisation (EBITA) of 950 million to 1.05 billion euros ($1.11 billion to $1.23 billion) in 2025, having previously forecast a range of 1.1 billion to 1.3 billion euros.
($1 = 0.8559 euros)
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The Guardian
23 minutes ago
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RFL under pressure to produce rugby league action plan to avoid funding cuts
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Times
42 minutes ago
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What can investors learn from Rolls-Royce's astonishing turnaround?
W hen a 15-to-one outsider romps home, punters try to recall whether there were clues ahead of the race to explain its win. Could they have spotted something in the look of the horse in the ring and placed the appropriate bet? Equity market investors are not very different. Which brings us to Rolls-Royce, a remarkable story of value generation over the past five years. The plane engine maker's shares were languishing at 65p in September 2020. Today they are comfortably above £10. The company then was briefly valued at £1.25 billion and was facing expulsion from the FTSE 100. Today, its market value is £87 billion and it ranks as Britain's sixth largest listed company. Its bullish chief executive Tufan Erginbilgic even went as far as to say the other day in a BBC interview that he could see it becoming Britain's most valuable company, overtaking the big three of AstraZeneca, Shell and HSBC. That would require, other things being equal, another doubling of the Rolls share price to £20 or so.
