Renk CEO Says Europe Defense Firms Must Consolidate to Compete
'If you look at main battle tanks, if you look at armored personnel carriers, we have a lot of different types of platforms in Europe,' Sagel said Tuesday in an interview with Bloomberg Television. 'It's mandatory and it's absolutely important to have consolidation.'
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19 minutes ago
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Has the Barclays share price hit a peak?
The Barclays (LSE:BARC) share price has delivered a 191% gain over the past five years. Yes, that was from a low base, but investors could still have picked up shares in the bank for 130p in late 2023. Today, the banking stock trades for 343p a share. What's more, if an investor bought stock around 130p, they'd also have locked in a very sizeable dividend yield. If I'm not mistaken, the yield was around 5.5% when I built most of my position in 2023. This performance has been underpinned by the bank's ongoing strategic transformation, strong financial results, a renewed focus on efficiency and diversification, and a vast improvement in investor sentiment. These factors were most apparent in the first quarter earnings. The group reported an 11% year-on-year increase in total income to £7.7bn, with profit before tax rising 19% to £2.7bn. The investment banking division stood out, posting a 16% revenue increase and capitalising on heightened market volatility. The bank's return on tangible equity (RoTE) — a key metric for measuring profitability in finance — reached 14% for the quarter. That's well above the group's unchanged full-year target of around 11%. Management also upgraded net interest income guidance for 2025. This is further evidence that the strategic transformation's already delivering tangible results. Recent acquisitions including Tesco Bank, and expansion into private credit have diversified revenue streams and reduced reliance on more cyclical segments. However, the question remains whether Barclays' share price has peaked. The current valuation, with a price-to-earnings (P/E) ratio of around 8.4, remains discounted compared to many global bank peers. This suggests there could still be room for further appreciation if the bank continues to deliver on its strategic objectives and market conditions remain supportive. This P/E figure falls to six times by 2027, while the dividend yield grows from 2.6% to 3.4%. However, risks to the outlook are significant. Macroeconomic uncertainty persists, with concerns about global growth and rising US debt. Moreover, UK house price declines potentially impact credit quality and consumer demand. Barclays' US Consumer Bank division continues to struggle, and any deterioration in the US economy could weigh on group results Personally, I'm not adding to my position in Barclays. But the reason is concentration risk. A lot of my invested capital is in Barclays and Lloyds. Adding more probably wouldn't be wise. However, that doesn't mean I'm not bullish over the long run. Avoiding any economic disaster I'd expect the stock to make steady gains. And one reason for that is the interest rate environment. If central bank rates sit between 2% and 3.5% in the long run, and the economy chugs along, it's likely to be a profitable environment for lenders. This is crucial for banks. And that's why I believe Barclays is certainly worth considering. The post Has the Barclays share price hit a peak? appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool James Fox has positions in Barclays Plc and Lloyds Banking Group Plc. The Motley Fool UK has recommended Barclays Plc and Lloyds Banking Group Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 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
Yahoo
35 minutes ago
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US D-9 bulldozers worth billions of shekels arrive in Israel after Trump admin. releases shipment
Over 100,000 tons of military equipment have arrived in Israel through 870 airlifts and 144 sea shipments since the start of the war. A US shipment of dozens of D-9 bulldozers for IDF ground troops arrived in Israel on Wednesday, following its release by the Trump administration, the Defense Ministry confirmed. "The shipment of D9 bulldozers is part of a broad-scale arming and military equipment effort worth billions of shekels, which the US government released and the Defense Ministry procured and transported to Israel," Defense Ministry Director-General Maj.-Gen. (res) Amir Baram said, adding that Israel has received a number of cargo ships and aircrafts in the past several weeks. "We must continue to strengthen our military buildup to support all of the IDF's needs in the current campaign and in preparation for the next decade," Baram said. Over 100,000 tons of military equipment have arrived in Israel through 870 airlifts and 144 sea shipments since the start of the war. According to the ministry, this is the largest exchange in Israel's history. The shipment was conducted in a joint operation led by the Defense Ministry's procurement delegation in the US, the IDF Planning Directorate, and the International Security Transport Unit within the ministry.
Entrepreneur
an hour ago
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The Rise of Social Housing: A Global Shift Toward Inclusive Urban Living
You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. In a world where skyrocketing property prices have outpaced wages and urban centers are increasingly unaffordable for everyday citizens, the importance of social housing has surged back into focus. Once seen as a solution for society's most vulnerable, social housing is now being redefined as a fundamental pillar of sustainable and equitable city development. From Europe to the Middle East, Asia to the Americas, governments and developers are reexamining what it means to provide dignified, affordable housing—and in many cases, they're getting creative. Understanding Social Housing: More Than Just Shelter Social housing refers to homes that are subsidized, price- controlled, or publicly owned to ensure affordability for low- and middle-income groups. It's often developed or managed by local governments, non-profit organizations, or public-private partnerships and can take many forms—from tower blocks to scattered-site housing. Importantly, social housing is not just about roofs and walls. It's about building communities, providing stability, and reducing inequality. Research consistently shows that secure housing plays a critical role in improving education outcomes, employment opportunities, and even public health. And in 2025, with housing affordability reaching crisis levels in many global cities, social housing has reemerged as an essential part of the solution. The Affordability Crisis That Changed Everything The shift didn't happen overnight. Over the past two decades, cities around the world have experienced steep increases in property prices. In global capitals like London, New York, Dubai, and Hong Kong, even middle-income earners are being priced out of the housing market. According to a 2024 report by the World Bank, more than 1.6 billion people globally lack access to adequate housing. At least 330 million urban households either live in substandard conditions or are financially overburdened by rent. For city planners, this reality is impossible to ignore. The affordability crisis, exacerbated by the COVID-19 pandemic and ongoing inflationary pressures, has forced governments to reconsider market-driven housing models. The result? A surge in social housing investment and innovation. Europe Leads the Way in Modern Models Europe has long been a leader in public and social housing, with countries like Austria, the Netherlands, and Denmark providing a blueprint for success. In Vienna, for example, nearly 60% of the population lives in publicly owned or subsidized housing. Far from being stigmatized, this model is admired for its quality design, mixed-income integration, and long-term affordability. Developments like Seestadt Aspern—a 240-hectare smart city project—combine social housing, retail, education, and recreation, demonstrating how subsidized living can be at the forefront of urban design. In France, the government has introduced a policy requiring cities to maintain at least 25% social housing stock, backed by strict enforcement and financial penalties for noncompliance. Paris's suburbs are undergoing extensive regeneration with mixed-use developments that feature affordable rental units alongside market-rate apartments and cultural amenities. The Middle East's Evolving Approach In the GCC region, social and affordable housing is taking on a more strategic role. Countries like the United Arab Emirates and Saudi Arabia have launched large-scale national housing programs to cater to their growing populations and support homeownership among nationals. In the UAE, the Sheikh Zayed Housing Programme and Mohammed bin Rashid Housing Establishment are building thousands of subsidized homes for Emiratis. These programs include zero-interest loans, grants, and land allocations. Notably, they have shifted away from one-size-fits-all villas toward community-based developments that integrate schools, parks, and job opportunities. In Saudi Arabia, Vision 2030 has fueled a robust housing agenda, with the Sakani program delivering over 1.2 million housing solutions since its inception. New urban zones like NEOM and The Line also promise to integrate affordable housing as part of their long-term livability goals. A New Model in North America In the United States and Canada, the approach to social housing has long been fragmented, with underinvestment in public housing stock. However, there's a noticeable shift. In cities like Los Angeles, Toronto, and New York, rising homelessness and housing insecurity have triggered public outrage and political action. In response: > New York passed a $25 billion housing plan to build 100,000 affordable units by 2030. > California is investing in modular construction and adaptive reuse (converting old hotels and office buildings into social housing). > In Canada, the National Housing Strategy is investing CAD 70 billion over 10 years to fund non-profit housing and rent-to-own schemes. There's also a wave of innovation: community land trusts, cooperative housing, and micro-housing are all being tested to keep costs down and foster resident ownership. Asia's Mega Cities: Scaling Up with Dignity In Asia, the scale of urbanization is unmatched, making social housing not just a priority but a necessity. Singapore remains a global benchmark, with over 80% of its population living in HDB flats—public housing that is well-maintained, mixed-income, and integrated with transit and amenities. Ownership is encouraged through leasehold schemes, and flats are built with design quality and social cohesion in mind. In China, a recent pivot from luxury development to "people-first" housing policies has led to a target of 6.5 million affordable rental homes between 2022 and 2025. Meanwhile, India's Pradhan Mantri Awas Yojana aims to provide "housing for all," targeting the construction of 20 million urban homes by 2025. Private Sector Involvement: A Win-Win? A newer trend gaining ground is the involvement of private developers in social housing delivery. Through public-private partnerships (PPPs), governments provide land, tax incentives, or financing in exchange for developers including a percentage of affordable units in their projects. This model is especially prevalent in cities like London, Dubai, and Melbourne, where land scarcity and high construction costs make government-only solutions unsustainable. Developers are increasingly aware that long- term profitability can coexist with affordability— especially in mixed-income, mixed-use developments. Additionally, ESG (Environmental, Social, Governance) standards are pushing real estate firms to contribute to social impact goals, with affordable housing projects often seen as flagship initiatives. Technology and Sustainability: The Next Frontier Technology is also playing a key role. Modular construction, 3D printing, and prefabricated building systems have dramatically reduced construction costs and timelines for affordable housing. Startups and architecture firms are creating smart, compact housing that is both dignified and efficient. Sustainability is front and center—solar power, green roofs, and low-carbon materials are being integrated into social housing across cities like Amsterdam, Copenhagen, and Dubai South. In Africa, the combination of tech and microfinance is enabling low-income families to build homes incrementally, using digital platforms and mobile money. Conclusion: Housing As a Human Right The rise of social housing in 2025 is a reflection of a changing world—one that recognizes that urban success is not measured by skyscrapers alone, but by how inclusive, livable, and equitable cities are. From mega-developments to micro-housing, from government-led schemes to private partnerships, the global housing ecosystem is adapting. While challenges remain—particularly around funding, land use, and community integration—the momentum is undeniable. As cities face climate change, migration, and economic inequality, social housing has reemerged not as a charity, but as a necessity—a cornerstone of resilient, modern urban life. In this new era, housing isn't just about supply— it's about values. And in a world where too many people still sleep without shelter, social housing offers more than real estate. It offers dignity, opportunity, and a place to call home.
