WPP Slashes Dividend Ahead of Strategy Review, CEO Change
The company said Thursday that it is declaring an interim dividend of 7.5 pence (10 cents) a share, or half of what it paid out last year, in a bid to create room for its incoming CEO to review the group's strategy and spending plans.
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Yahoo
14 minutes ago
- Yahoo
Prosus' $4.8B Just Eat Deal Gets EU Green Light--With One Big Catch
Prosus NV (PROSY) has secured conditional European Union approval for its planned 4.1 billion ($4.8 billion) acquisition of Just Eat after agreeing to reduce its stake in rival Delivery Hero SE. The European Commission said Monday the deal could proceed once Prosus cuts its holding in Delivery Hero to a very low percentage within 12 months, refrains from exercising related voting rights, and avoids nominating any board members. The regulator noted the commitments could address concerns about reduced competition in Europe's online food delivery market. Warning! GuruFocus has detected 7 Warning Signs with PROSY. The takeover could position Prosus as the world's fourth-largest food delivery group, trailing only Uber Technologies, DoorDash, and China's Meituan. Just Eat's footprint spans 17 markets, including the UK, Germany, and the Netherlands, while Prosus already controls Brazil's iFood and owns stakes in India's Swiggy and other regional platforms. Analysts suggest the combination could create a more geographically diversified portfolio at a time when the sector faces heightened competition and pressure on margins. The food delivery industry, which expanded rapidly during the pandemic, has shifted into a phase of consolidation as players seek scale and operational efficiencies. Prosus' move could signal a strategic bet on long-term growth across multiple continents, even as regulatory oversight and price competition remain significant hurdles. The EU's conditions, coupled with Prosus' global holdings, could shape competitive dynamics across both European and emerging markets in the months ahead. This article first appeared on GuruFocus.
Motor 1
an hour ago
- Motor 1
There's a New V-12 Supercar—And Yes, It Has a Manual
Everywhere you look, there's a new electric supercar with outrageous horsepower figures, gliding along to 60 miles per hour in complete silence. But despite the spectacle, customers simply aren't falling in love with these battery-powered machines. Because while a battery-powered sedan might make sense, a top-tier performance car needs sound—real, mechanical sound. That's why the GP1 from British newcomer Garagisti & Co is likely to thrill enthusiasts everywhere—even if it only exists as a rendering, for now. Photo by: Garagisti & Co. The GP1 is a supercar built around a naturally aspirated V-12 engine, paired with a manual gearbox and rear-wheel drive. In other words: A purist's dream. "A car built purely for the joy of unfiltered driving," the company says in a statement. And honestly, we're inclined to believe them. We'll get to the design later, but let's focus on what really matters: The engine. At the core of the GP1 is an all-new, 6.6-liter naturally aspirated V-12 developed by Italtecnica, a respected Italian motorsport engineering firm. The numbers are impressive—800 horsepower at 9,000 rpm, with torque surpassing 516 pound-feet. No electrification, no turbochargers—just raw, mechanical purity. All that power is transmitted to the rear wheels via a longitudinally mounted six-speed Xtrac manual gearbox "that offers unparalleled tactility and engagement," says Garagisti & Co. The weight of the car is just 2,204 pounds. Photo by: Garagisti & Co. Photo by: Garagisti & Co. Photo by: Garagisti & Co. 'Unparalleled tactility and engagement' The mechanical components come from top-tier companies like Brembo, Öhlins, and other trusted suppliers with proven expertise—not just in road cars, but in high-level motorsport as well. The design is rolling art—sculpted forms that, according to the company, are "a celebration of form, blending cues from the golden age of wedge design." The striking lines were penned by Angel Guerra, a former designer for Bugatti and Rimac, drawing inspiration from iconic machines like the Lancia Stratos Zero, Lamborghini Countach, and other masterpieces by Marcello Gandini. Sharp, purposeful lines shape the car's aerodynamics, which have been meticulously refined—including what may be one of the largest diffusers ever fitted to a road car. Above it, four prominent exhaust pipes take center stage, framed by distinctive X-shaped LED taillights. Photo by: Garagisti & Co. The GP1's interior embraces pure minimalism. There are no oversized screens, no touch-sensitive controls—just the essentials. A prominent central tunnel sits between the two seats, featuring physical switches and a traditional gear lever. 'Everything is exactly where it should be,' the company says. The design follows Angel Guerra's guiding principle: 'Just you, the car, and the road ahead.' The Garagisti & Co. GP1 is now in the final stages of design and development, with deliveries expected in the coming months. But you'll have to move fast—production is strictly limited to just 25 units, each starting at around $3.3 million (£2.45 million), excluding taxes, shipping, and bespoke customization. The first 12 buyers will also gain access to Garagisti's exclusive Open Doors program, offering a rare opportunity to meet the engineers and designers behind the GP1 and witness the car's creation up close. More Hypercar News Meet Brouillard: Bugatti's Beautiful New One-Of-One Hypercar The Corvette ZR1X Is An Absolute Bargain Zenvo's Next Hypercar Might Have an Even Better Engine: 'We're Already Working on a V-10' Why Praga's New Hypercar Ditched a V-10 for Something Even Better Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
Android Authority
an hour ago
- Android Authority
Fairphone's new chargers are as fast as they are eco-friendly
TL;DR Fairphone has launched a new range of USB-C cables and chargers. The new cables support 240W power output and can withstand at least 70,000 bends. The three-port 65W charger is set to launch before the end of September. Fairphone is best known for its ethically made handsets, like the recently launched Fairphone 6. But it makes more than just phones; you'll also find earbuds and headphones. Now the company has expanded its product line even further with the launch of new cables and chargers. Fairphone has announced a new set of USB-C cables and chargers. Just like the approach the company takes with its phones, these products were developed with sustainability in mind. It appears that durability was also a main point of focus when creating these items. Turning our attention to the cables, there are three products in this new line. Each USB-C cable comes with a USB-A adapter, supports up to 240W of power, and comes with a three-year warranty. All of the cables have been tested to survive at least 70,000 bends. Additionally, these cables feature recycled copper wires and recycled plastic braiding. There's a one-meter (3.3ft) offering that costs €19.95 (~$23) and a 2.5-meter (8.2ft) offering that costs €24.95 (~$29). These two USB-C cables support the USB 2.0 standard. However, the third option is one meter long, supports USB 3.2, and costs €34.95 (~$40). This third option improves upon the company's last USB 3.2 cable, supporting 20Gbps transfer speeds, 4K video at 120Hz, and 8K video at 30Hz. Meanwhile, there are two new chargers that use 100% recycled plastic for the casing and 100% recycled copper-zinc alloy for the connector pins. The 30W charger offers a single USB-C port and is available for €24.95. There's also a 65W charger that provides two USB-C ports and one USB-A port that will sell for €39.95 (~$46), but it won't be available until later this year. According to The Verge, the 65W charger will go on sale before the end of September. Fairphone's public relations manager also told the outlet that the company is waiting for certification before releasing these products in the US. Follow
