Energizer Holdings to invest $450K in auto care products operations
Energizer Holdings, the St. Louis-based manufacturer of batteries and car care products is investing $450,000 in an Ohio auto products facility, building on long-term plans set in motion after a 2019 relocation and round of layoffs.
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Is Cincinnati Financial Stock Outperforming the Nasdaq?
With a market cap of $22.8 billion, Cincinnati Financial Corporation (CINF) is a provider of property and casualty insurance products across the United States. The company operates through five main segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. Companies valued at more than $10 billion are generally considered 'large-cap' stocks, and Cincinnati Financial fits this criterion perfectly. Its operations are supported by multiple subsidiaries, including The Cincinnati Insurance Company and its affiliates, offering a wide range of insurance and investment services. Is Palantir Stock Poised to Surge Amidst the Israel-Iran Conflict? 'It Has No Utility': Warren Buffett Doesn't Care How High Gold Goes, He Isn't a Buyer OpenAI CEO Sam Altman Says 'We Are Heading Towards a World Where AI Will Just Have Unbelievable Context on Your Life' Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Despite this, shares of the Fairfield, Ohio-based company have declined 9.9% from its 52-week high of $161.74. CINF stock has increased marginally over the past three months, lagging behind the Nasdaq Composite's ($NASX) 11.7% rise over the same time frame. In the longer term, CINF stock is up 1.4% on a YTD basis, slightly outperforming NASX's 1.2% gain. Moreover, shares of the Insurance firm have soared 28.2% over the past 52 weeks, compared to NASX's 9.4% return over the same time frame. The stock has climbed above its 50-day and 200-day moving averages since May. Despite reporting weaker-than-expected Q1 2025 adjusted revenue of $2.6 billion on Apr. 28, shares of CINF rose 2.9% the next day as the company reported a smaller-than-expected adjusted loss of $0.24 per share. Investors were encouraged by strong core performance, with a 13% increase in earned premiums and a 9% growth in its core commercial lines segment. In comparison, rival Loews Corporation (L) has lagged behind CINF stock over the past 52 weeks, gaining 15.9%. However, Loews stock has risen 4.3% on a YTD basis, outpacing CINF's performance. Despite the stock's strong performance over the past year, analysts remain cautiously optimistic on CINF. The stock has a consensus rating of 'Moderate Buy' from nine analysts in coverage, and as of writing, CINF is trading below the mean price target of $152.83. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
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India says it has yet to decide where to analyse crashed plane's recorders
By Hritam Mukherjee (Reuters) -India has yet to decide where the black box recorders from last week's fatal crash of an Air India plane will be analysed, the government said on Thursday. Earlier, Indian newspaper The Economic Times reported that India planned to send the recorders to the U.S. for analysis as the fire that followed the crash had damaged them to an extent it would be impossible to extract data in India. The crash of the Boeing Dreamliner moments after take-off from the western city of Ahmedabad on June 12 killed 241 people on board and at least 30 on the ground in the world's worst aviation disaster in a decade. The government said in a statement that the decision on where the decoding of the recorders would take place would be made after India's Aircraft Accident Investigation Bureau (AAIB) has made a "due assessment" of all technical, safety and security considerations. AAIB's Director General GVG Yugandhar told Reuters earlier in an emailed response that the Economic Times report was "factually incorrect", but gave no further details. The government statement did not explicitly rule out the possibility of the flight recorders being sent to the United States. It asked for people not to speculate on what it called sensitive matters and stressed the crash probe was progressing with all necessary support from local authorities and agencies. Planes' black boxes have two components - the flight data recorder and cockpit voice recorder - and provide crucial insights for crash investigators, including altitude and airspeed data and pilot conversation records that help determine probable causes of crashes. The Economic Times report said recorder data would be extracted at the National Transportation Safety Board's Washington-based laboratory and shared with the AAIB in the presence of Britain's Air Accidents Investigation Branch. The NTSB and UK's AAIB said in separate statements that India's accident investigating body would release more information on the probe. 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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Gareth Bale linked to Plymouth Argyle takeover bid by US-based group
Behind the scenes talks are taking place between a US-based private equity group and Plymouth Argyle over a potential takeover of the Home Park club, The Telegraph has reported this afternoon. The Telegraph have also stated former Tottenham Hotspur, Real Madrid and Wales star Gareth Bale has been lined up to front the move, which also includes members of the American-based Storch family. Bale's former Real Madrid team-mate Luka Modric became an investor and owner of another EFL club, Swansea City, in April. Advertisement A story co-written by Tom Morgan and John Percy said: "Bale has no historic connections with Plymouth and his involvement as a co-owner had been unexpected. However, US groups have increasingly looked to partner with famous faces in recent years to add glamour to club purchases beneath England's top tier. READ MORE: Wrexham sign Plymouth Argyle striker Ryan Hardie on three-year contract READ MORE: Plymouth Argyle confirm Austria training camp as part of pre-season "Modric's arrival at Swansea came after the NFL great Tom Brady became a co-owner at Birmingham City. American golfers Jordan Spieth and Justin Thomas also bought shares in Leeds United prior to their return to the Premier League. Advertisement "Several sources close to talks confirm a US private equity group partnering with Bale is currently in talks over a bid for full control at Home Park." Plymouth Live has contacted Argyle this afternoon about The Telegraph's story but they have declined to comment. Argyle majority owner and chairman Simon Hallett has been seeking additional investment into the club for some time and one deal recently through. Hallett told Argyle supporters in a Chairman's Chat column on May 31: "As you know, we have been in talks with a prospective new investor in our club for over a year. Those talks led to an application for approval of that investment being lodged with the EFL in February. Advertisement "Unfortunately, negotiations have taken too long and the key information that both we and the EFL required to complete the deal has not been forthcoming. I no longer believe that news of the new investor is imminent. "As a result, existing shareholders (I, Argyle Green and the Holliday family) will provide the funds to ensure that we stay on course with our plans. "This means making funds available to ensure we have a competitive football budget to aim to return us to the Championship as soon as possible, as well as continued investment in Foulston Park. Our budget next season will be twice that we had the last time we were in League One. "These additional funds equate to the same level of financial support that was written into the investor plan for year one." Advertisement He continued: "I completely understand that this will be very frustrating for fans, as it is extremely frustrating for me and the rest of the Argyle board. I have said constantly that my resources can enable us to be a sustainable Championship club, but that if we wish to aspire beyond that we would need new investment. I can provide some of that new investment, with the Holliday family and Argyle Green's help, but not all. "While progress towards a transaction in its current form looks to have stalled, we will continue to explore alternative routes, including being open to revised terms with other investment groups. It is important that we get the right investor, not the quickest investor, and this may take some time. We are committed to this, but in the meantime, current shareholders can (and will) support the club through its next stage of development." Meanwhile, Sky Sports News reporter Anthony Joseph posted on X (Twitter) later this afternoon: "An American-backed consortium -fronted by former Real Madrid forward Gareth Bale - have held talks with Plymouth Argyle over a possible takeover. It's understood discussions have taken place between the consortium & #PAFC hierarchy, but have not gone any further at this stage." Advertisement Argyle chief executive officer Andrew Parkinson is set to meet the local media later this week at the introductory Press conference for new head coach Tom Cleverley. The topic of Bale's involvement in the reported takeover bid is sure to be asked about then. You can read more of our Argyle stories from Plymouth Live by clicking HERE
