Trump plans to put a tariff of over 10% on goods from smaller countries, including nations in the Caribbean and Africa
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Trainline plc's (LON:TRN) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
It is hard to get excited after looking at Trainline's (LON:TRN) recent performance, when its stock has declined 3.6% over the past three months. However, a closer look at its sound financials might cause you to think again. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. Specifically, we decided to study Trainline's ROE in this article. Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Put another way, it reveals the company's success at turning shareholder investments into profits. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. How To Calculate Return On Equity? The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Trainline is: 21% = UK£58m ÷ UK£283m (Based on the trailing twelve months to February 2025). The 'return' is the income the business earned over the last year. So, this means that for every £1 of its shareholder's investments, the company generates a profit of £0.21. View our latest analysis for Trainline What Has ROE Got To Do With Earnings Growth? So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics. Trainline's Earnings Growth And 21% ROE To start with, Trainline's ROE looks acceptable. Especially when compared to the industry average of 8.7% the company's ROE looks pretty impressive. This probably laid the ground for Trainline's significant 71% net income growth seen over the past five years. We reckon that there could also be other factors at play here. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio. We then compared Trainline's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 32% in the same 5-year period. The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. What is TRN worth today? The intrinsic value infographic in our free research report helps visualize whether TRN is currently mispriced by the market. Is Trainline Making Efficient Use Of Its Profits? Trainline doesn't pay any regular dividends currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the high earnings growth number that we discussed above. Conclusion In total, we are pretty happy with Trainline's performance. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Trump is slashing public radio funding. Here's why it will hit rural communities hardest
Every morning, Gwen Johnson, a resident of the small Appalachian community of Jackhorn, Ky., wakes up to the voices and sounds of her favourite public radio station. Johnson, 67, listens to FM over breakfast as she gets ready for work, while driving in her car and throughout the day. "Through the highs and lows of my life, it's always been a real comfort to me — when you can just flip on the radio and maybe get a human voice," said the non-profit professional and former radio programmer. "It's really added a lot of happiness in dark times." Johnson's preferences are mountain community radio station WMMT 88.7 and NPR affiliate WEKU. But now, they're among the stations set to lose crucial financial support as the administration of President Donald Trump rescinds congressional funding to public media. Trump argues the cuts will save the U.S. government billions of dollars a year in wasteful spending. The rollback, however, will have a serious impact on rural communities, where public radio is a disseminator of news and entertainment, and a lifeline during public emergencies and natural disasters, according to residents, media interests and others who spoke to CBC News. Johnson thinks public spending probably needs to be "reined in" in certain areas. "But this is an area that has been very troublesome," she said. "I am greatly concerned." She added she's worried about whether this move infringes on freedom of speech and freedom of the press. "I feel like one of our freedoms, our First Amendment rights, is being upheld with the radio station." 'It's pretty overwhelming' Federal funding to the Corporation for Public Broadcasting (CPB) is part of the $9.1 million US worth of cuts outlined in the Rescissions Act, which rescinds congressionally approved funding allocated to public broadcasters and foreign aid. Congress approved the cuts on Friday morning, sending the package to Trump's desk for his final signature. The CPB, a private corporation, disseminates some $1.1 billion to NPR, PBS, and local TV and radio stations across the country every year, with the bulk of its operating budget set aside for direct grants to local public radio stations. Senator Mike Rounds said last week that he had secured a carve-out for more than a dozen Native American radio stations in which they'd receive funding from the Interior Department. But it's unclear if that has been approved or how much it would help. LISTEN | Why the future of U.S. public media is at risk: Already, some community radio stations are looking at different funding models and revenue streams to offset the blow of the cuts. One of them is the aforementioned Kentucky station, WMMT 88.7. Based in the heart of coal country, it has operated for nearly 40 years. Outside Kentucky, its signal stretches into Virginia, West Virginia, parts of East Tennessee and a bit of Southeast Ohio, reaching 18,000 people weekly, according to the station's Nielsen survey data. "It's hard to imagine," said Roger May, director of artistic programs at Appalshop, an independent Appalachian media company. WMMT is its flagship radio station. "I mean, I'm looking at it through the lens of our community radio station, and when I pull back and try to imagine what that's like for all the other stations, it's pretty overwhelming." About a third of the station's funding comes from the CPB, and a clawback on that money would drastically impact its operations over the next two fiscal years, according to May. It currently has one full-time employee and relies on a network of local disc jockeys to run its programming. The station's development team is looking for ways to source the money from elsewhere. It has long received support from within the community — some small businesses, including a bakery that Johnson manages, serve as underwriters for the station. "It isn't a political issue. It's a community service issue, one that everyone is going to be impacted by who relies on community radio stations and public radio in the country," said May. "We're just one example of many in the country of rural spaces that really do rely on something as simple sounding as community radio. It really is a vital key in how we share information." An emergency service When widespread flash flooding hit eastern Kentucky three years ago, WMMT — after being briefly knocked offline — became a vehicle for disseminating public service announcements, news and "a slice of normality" as people recovered from the disaster, said May. When Hurricane Helene made landfall in the U.S. last year, devastating parts of North Carolina, another community radio station shared a constant stream of updates and emergency guidance from the government. "We hear stories upon stories of people telling us, 'OK, well, we got a crank radio or we had a crank radio, and we knew you'd be on,'" said Ele Ellis, CEO and general manager at Blue Ridge Public Radio in Asheville, N.C. Some would crank up the volume and put the radio on a mailbox, and neighbours would gather to listen, as the story goes, while the station reported on water distribution sites — Asheville's water system had shut down. "That's what they had to do to get information that was going to help them live," said Ellis. Blue Ridge covers more than a dozen counties in the western part of the state, reaching about 90,000 listeners on a weekly basis. "We hit every valley and every mountain in this 14-county area. So there are people that wouldn't get any other public radio if they didn't have us," she said. The station stands to lose about six per cent of its budget, or $330,000 a year, because of the cuts. That could lead to job losses or taking down signals in communities where it's more expensive to keep signal towers operating, said Ellis. The U.S. uses an emergency alert system that blares out over the radio's AM and FM channels, overriding other programming to deliver crucial information during a national emergency. But the integrity of that system is at risk without public funding, critics of the Rescissions Act have argued. "If there's a tornado watch, tornado warning, a flood watch, a flood warning, a blizzard, anything Mother Nature could dole out — people can know it's coming," said Ellis. That would change without the funding, and if people don't notice a change right away, they might not understand the role that public radio plays in a community, she added. "But they don't think about what happens in eight months, when one of our towers fails for some fairly fixable reason, that we're going to have to make a decision about whether we want to spend money on that tower." Trump's battle with public media In May, Trump signed a separate executive order calling on the CPB to cease funding to NPR and PBS, though the organization has argued it's not a federal agency subject to Trump's authority. The president has also frequently criticized NPR and PBS for what he characterizes as left-wing bias, framing funding cuts as an end to "taxpayer subsidization of biased media." The leaders of both organizations testified before a House oversight committee in March in response to the allegations of ideological bias. NPR's CEO has argued the cuts would be a risk to public safety, and Rep. Lisa Murkowski — one of two House Republicans to vote against the Rescissions Act — argued that public broadcasting saves lives. White House press secretary Karoline Leavitt disagreed, saying, "I am not sure how NPR helps the public safety of our country, but I do know that NPR, unfortunately, has become really just a propaganda voice for the left." Public radio plays a vital role in the small communities where these cuts would hit hardest, both on a daily basis and in emergency scenarios, said Laura Lee, a former NPR producer and editorial director of NC Local, a statewide media organization in North Carolina. "We're talking about communities where local news outlets have shuttered, where there's not access to quality, vetted, independent news and information that people need about their school board, about their city council, about the agriculture industry in their communities." While a 2023 Pew research paper showed public radio audiences had been steadily declining in the years prior, it found that a fifth of U.S. adults get local news from the radio. "The word 'news' has even gotten somewhat politicized, but people need information and these outlets are very consciously conduits of that information for people," Lee added, noting many journalists and editors who report on these communities also live in them and understand their needs. "The Trump administration has been vocal in their explicit criticism of the media, and I've watched as local journalists have sort of set that aside and continued about the business of getting the community the information that they need. And so, I'm heartened by that diligence."
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Donald Trump gloats over Late Show with Stephen Colbert axe
Donald Trump "absolutely loves" that The Late Show with Stephen Colbert has been cancelled. The 61-year-old presenter confirmed that CBS has pulled the plug on his nightly talk show on Thursday (17.07.25), with the final episode set to air in May, and the US president has weighed in on the news, admitting he is delighted that Stephen - who has hosted the programme since 2015 - has been "fired". Trump also couldn't resist taking swipes at two other talk show hosts, Jimmy Kimmel and Jimmy Fallon. He wrote on Truth Social: 'I absolutely love that Colbert got fired. 'His talent was even less than his ratings. I hear Jimmy Kimmel is next. Has even less talent than Colbert! "[Fox News late night host] Greg Gutfeld is better than all of them combined, including the Moron on NBC who ruined the once great Tonight Show.' Kimmel has offered support to Stephen in the wake of the cancellation. He wrote on Instagram: 'Love you Stephen. F*** you and all your Sheldons CBS.' And The Tonight Show host Fallon was "shocked" by the news. He wrote on Instagram: "I'm just as shocked as everyone. Stephen is one of the sharpest, funniest hosts to ever do it. I really thought I'd ride this out with him for years to come. I'm sad that my family and friends will need a new show to watch every night at 11:30. But honestly, he's really been a gentleman and a true friend over the years — going back to The Colbert Report, and I'm sure whatever he does next will be just as brilliant." Late Night host Seth Meyers has also expressed his support for Stephen. He said on Instagram: "For as great a comedian and host he is, Stephen Colbert is an even better person. I'm going to miss having him on TV every night but I'm excited he can no longer use the excuse that he's 'too busy to hang out' with me." Stephen announced the axing of The Late Show on Thursday. He said: "Before we start the show, I want to let you know something that I found out just last night. Next year will be our last season, the network will be ending The Late Show in May." Stephen - who replaced David Letterman at the helm in 2015 - added: "I'm not being replaced. This is all just going away. I do want to say that the folks at CBS have been great partners … And I'm grateful to the audience, you, who have joined us every night, in here, out there, and all around the world. "I am extraordinarily, deeply grateful to the 200 people who work here. We get to do this show. We get to do this show for each other every day, all day, and I've had the pleasure and the responsibility of sharing what we do every day with you in front of this camera for the last 10 years."
