
French Billionaire Families Team Up in Cycling Sponsorship Deal
The Saade clan's CMA CGM SA will provide financial backing to a team that's set to be taken over later this year by retail giant Decathlon, which is controlled by another of France's wealthiest families, the Mulliez.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
15 minutes ago
- Yahoo
AS Monaco beats Arminia Bielefeld without a hitch
Never really worried defensively and clinical offensively, the Rouge et Blanc secured a third victory of their preseason against Arminia Bielefeld (0-3). They once again showed their seriousness. Facing Arminia Bielefeld, recently promoted to the German second division, AS Monaco perfectly controlled this match, winning 3-0 at the SchücoArena. Unbeaten after four warm-up matches, the Rouge et Blanc have still not conceded a single goal ahead of the three matches awaiting them this week.. Recap. ✍️ A second goal of preseason for Biereth At the start of this fourth friendly match, Adi Hütter positioned his team in a 4-4-2 formation, including Soungoutou Magassa's first start this season. Breel Embolo and Mika Biereth led the line in attack. And the latter was again effective in front of goal as it was he who opened the scoring with a shot at the near post to give himself his second goal of preseason (0-1, 24′). A new eleven at halftime The Danish striker then came close to doubling the lead shortly afterward, but failed to cut out a good cross from Kassoum Ouattara (26′). The Rouge et Blanc gradually gained the upper hand in the match, and our number 14 soon created another opportunity, but his shot was blocked (35′). However, the home side were wary of Tim Handwerker's attempt, which narrowly missed Philipp Köhn's post (38′). A goal down at halftime, the Monaco coach took the opportunity to change all his outfield players, including the returns of Christian Mawissa, Vanderson, and Folarin Balogun. Brunner and Akliouche make the difference It was a reshuffle that paid off immediately, as after a marvelous team move started by the Monaco goalkeeper, Paris Brunner doubled the lead with a header from Caio Henrique (0-2, 50′). It was only his first goal in La Diagonale jersey! The result was then definitively sealed 11 minutes later by Maghnes Akliouche following a quickly taken free kick (0-3, 61′). The Principality club's players were imperious in the second half, with Denis Zakaria (71′) and then Folarin Balogun twice (74, 77′) seeing their shots stopped by Jonas Kerksen, while Lucas Michal's shot went just wide (78′). At the other end, Philipp Köhn was reassuring in keeping out a long-range shot (87′). A third win and a fourth clean sheet This was the final chance in what was a perfectly controlled match for AS Monaco, who recorded their fourth clean sheet in as many matches, as well as their third win of the preseason. The Rouge et Blanc now face a busy week, starting with two matches against Torino at the Performance Center (Wednesday, 6 p.m., then Thursday at 10:30 a.m.), and a trip to Ajax (next Sunday, 2:30 p.m.). DAGHE MUNEGU!!! 🇲🇨 🗓️ Match details: Saturday July 26 2025 (15:00) – SchücoArena 🇩🇪 Preseason friendly: Arminia Bielefeld 0-3 AS Monaco Halftime: 0-1 Goals: Biereth (24′), Brunner (50′), Akliouche (61′) for AS Monaco Bookings: Young (41′) for Bielefeld ; Magassa (16′), Golovin (23′) for AS Monaco AS Monaco (First half) : Köhn – Teze, Singo, Kehrer ©, Ouattara – Minamino, Magassa, Camara, Golovin – Embolo, Biereth AS Monaco (Second half) : Köhn – Vanderson, Dier, Mawissa, C. Henrique – Akliouche, Bamba (Bouabré, 88e), Zakaria, Michal – Brunner, Balogun Substitutes: Lienard, Majecki, C. Henrique, Dier, Mawissa, Salisu, Vanderson, Akliouche, Bamba, Bouabré, Zakaria, Balogun, Brunner, Michal
Yahoo
15 minutes ago
- Yahoo
Meet the FTSE stock quietly thrashing Rolls-Royce shares in 2025!
Few FTSE stocks have outperformed Rolls-Royce shares so far this year. As I type, the engineering titan has delivered a 66% gain to anyone who got involved as markets opened back up in January. However, this return pales in comparison to what holders of a certain under-the-radar company have earned. Incredible performance Stop a stranger and ask whether they've heard of Rank Group (LSE: RNK) and they'll probably give a blank expression. But they may be more familiar with some of its brands, such as Mecca Bingo and Grosvenor Casinos, even if they've never used them. Now, I'll be the first to admit that this space doesn't get my pulse racing. Even so, I'm sure existing holders will be very happen at the recent price movement. Shares in Rank Group currently stand 91% higher than where they started 2025. The gain's even greater when tracked over the last 12 months (127%). To make things even more interesting, most of this uplift has only come in the last couple of months. Strong tailwinds At least some of this magnificent momentum's down to improved trading. In its most recent update, the firm said that like-for-like net gaming revenue had grown by 11% (to around £795m) in the 12 months to the end of June. This was in spite of 'significant cost and regulatory headwinds' seen since the start of the final quarter. As a result, management expects underlying operating profit to come in ahead of expectations. The outlook's encouraging too, thanks to land-based casino reforms coming into effect last week (22 July). In a nutshell, these are being introduced to help modernise physical sites, allowing them to complete with online-only platforms. Changes include allowing smaller casinos to operate more gaming machines per gaming table. Sports betting will also be permitted. Long-term investors have suffered Of course, there are still risks that come from being a mostly physical (rather than digital) business. Energy costs remain high and the company must also cope with rising wage bills. Separately, it's worth noting that Rank shares have performed poorly over a longer timeline. Those who invested five years ago would have seen their capital grow just 12% in value. Meanwhile, Rolls-Royce shares are up nearly…1000%! To make matters worse, the £750m-cap company stopped distributing cash to holders in wake of the pandemic. These were only reinstated in FY24. Even today, the forecast dividend yield stands at just 1.4%. Granted, this is more than over at the FTSE 100 juggernaut. And then there's the question of fair value. The shares now change hands at a price-to-earnings (P/E) ratio of 18. This is significantly lower than Rolls-Royce whose P/E of 41 has arguably got a little silly. However, they're rather dear relative to other stocks in the Consumer Cyclicals space, suggesting a fair bit of good news is already priced in. One for the watchlist Taking all of the above into account, I'm tempted to add Rank Group to my portfolio today. But I would like to read its next set of results — due mid-August — before making a decision. Regardless, this example shows that smaller-cap stocks have the potential to outperform our biggest and most popular businesses, especially if they're snapped up when out of favour. The post Meet the FTSE stock quietly thrashing Rolls-Royce shares in 2025! 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 Paul Summers has no position in any of the shares mentioned. The Motley Fool UK has recommended Rolls-Royce 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
Yahoo
15 minutes ago
- Yahoo
Asian shares are mixed after Wall Street sets more records for US stocks
BANGKOK (AP) — Stock markets in Asia were mixed on Monday after U.S. stocks rose to more records as they closed out another winning week. U.S. futures and oil prices were higher ahead of trade talks in Stockholm between U.S. and Chinese officials. European futures rose after the European Union forged a deal with the Trump administration calling for 15% tariffs on most exports to the U.S. The agreement announced after President Donald Trump and European Commission chief Ursula von der Leyen met briefly at Trump's Turnberry golf course in Scotland staves off far higher import duties on both sides that might have sent shock waves through economies around the globe. Tokyo's Nikkei 225 index lost 1% to 41,056.81 after doubts surfaced over what exactly the trade truce between Japan and U.S. President Donald Trump, especially the $550 billion pledge of investment in the U.S. by Japan, will entail. Terms of the deal are still being negotiated and nothing has been formalized in writing, said an official, who insisted on anonymity to detail the terms of the talks. The official suggested the goal was for a $550 billion fund to make investments at Trump's direction. Hong Kong's Hang Seng index gained 0.4% to 25,490.45 while the Shanghai Composite index lost 0.2% to 3,587.25. Taiwan's Taiex rose 0.3%. CK Hutchison, a Hong Kong conglomerate that's selling ports at the Panama Canal, said it may seek a Chinese investor to join a consortium of buyers in a move that might please Beijing but could also bring more U.S. scrutiny to a geopolitically fraught deal. CK Hutchison's shares fell 0.6% on Monday in Hong Kong. Elsewhere in Asia, South Korea's Kospi was little changed at 3,195.49, while Australia's S&P/ASX 200 rose 0.3% to 8,688.40. India's Sensex slipped 0.1%. Markets in Thailand were closed for a holiday. On Friday, the S&P 500 rose 0.4% to 6,388.64, setting an all-time for the fifth time in a week. The Dow Jones Industrial Average climbed 0.5% to 44,901.92, while the Nasdaq composite added 0.2%, closing at 21,108.32 to top its own record. Deckers, the company behind Ugg boots and Hoka shoes, jumped 11.3% after reporting stronger profit and revenue for the spring than analysts expected. Its growth was particularly strong outside the United States, where revenue soared nearly 50%. But Intell fell 8.5% after reporting a loss for the latest quarter, when analysts were looking for a profit. The struggling chipmaker also said it would cut thousands of jobs and eliminate other expenses as it tries to turn around its fortunes. Intel, which helped launch Silicon Valley as the U.S. technology hub, has fallen behind rivals like Nvidia and Advanced Micro Devices while demand for artificial intelligence chips soars. Companies are under pressure to deliver solid growth in profits to justify big gains for their stock prices, which have rallied to record after record in recent weeks. Wall Street has zoomed higher on hopes that President Donald Trump will reach trade deals with other countries that will lower his stiff proposed tariffs, along with the risk that they could cause a recession and drive up inflation. Trump has recently announced deals with Japan and the Philippines, and the next big deadline is looming on Friday, Aug. 1. Apart from trade talks, this week will also feature a meeting by the Federal Reserve on interest rates. Trump again on Thursday lobbied the Fed to cut rates, which he has implied could save the U.S. government money on its debt repayments. Fed Chair Jerome Powell has said he is waiting for more data about how Trump's tariffs affect the economy and inflation before making a move. The widespread expectation on Wall Street is that the Fed will wait until September to resume cutting interest rates. In other dealings early Monday, U.S. benchmark crude oil gained 24 cents to $65.40 per barrel. Brent crude, the international standard, also added 24 cents to $67.90 per barrel. The dollar rose to 147.72 Japanese yen from 147.71 yen. The euro slipped to $1.1755 from $1.1758.