European Stock Futures Advance on US-China Trade Talk Progress
European stock futures gained after the US and China both reported 'substantial progress' in their talks aimed at de-escalating a trade war.
Contracts on the Euro Stoxx 50 futures were up 0.8% as of 1:46 a.m. Monday in London. Germany's DAX Index futures rose by a similar measure.
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Yahoo
37 minutes ago
- Yahoo
Mia & Wes on Main celebrates recent opening with ribbon-cutting
After five years of creating designs for weddings, a London couple has opened a floral shop that is now booking for 2026. With 25 years of experience in floral design, florists Mia and Wes Lovins opened their full-service floral shop in April. "We both did floral and now we get to do it together," Mrs. Lovins said. The couple, featured in the Kentucky Bride magazine twice, held a ribbon-cutting alongside the London-Laurel County Chamber of Commerce June 2, in celebration of the two-month-old shop. Although the Lovinses have served the community for years, they did not previously have a home for their business. However, with continued growth and success, the couple knew it was time to rent a space for their work. When the florists visited their shop's two-story building on Main Street, they "knew immediately" that it was the location for them, noting curb appeal, parking, and its proximity to local funeral homes. "Jesus worked it out and that's all we can say," Mr. Lovins said. Mrs. Lovins said Mia & Wes stands out due to its unique designs. Mr. Lovins added that while their shop is different from others, it also remains "classy and timeless." "Trends come and go but some things are timeless and that's what we want to stay with," Mr. Lovins stated. The Lovinses said they also remember the married couples they have created floral designs for. "It means more to us than just a sale," Mr. Lovins stated. "It's sentimental to us." "It's kind of like we were a part of their new beginning and that's pretty precious," Mrs. Lovins added. Both the Lovinses said blue hydrangeas are their favorite flower, finding the flower classy. Floral work is particularly special to the couple as they are "working with God's creation." "He gives us gifts and our gift is to be a floral designer. We get to use something he made," Mrs. Lovins stated. "Flowers are just meant for joy in all purposes — even in death." In closing, Mrs Lovins said: "We're just thankful. Since we've been open, we feel like we've been in business for years and it's just because all the community has really supported us." "All glory to God," Mr. Lovins added. Mia & Wes on Main is located at 705 South Main Street in London. To learn more about the shop's services or book with them, call (606) 862-1942 or email Find Mia & Wes on Facebook by the shop name.
Yahoo
an hour ago
- Yahoo
Toyota chairman to face scrutiny over $33 billion deal at shareholder meeting
By Maki Shiraki TOYOTA CITY, Japan (Reuters) -Toyota Motor Chairman Akio Toyoda is likely to face scrutiny over a $33 billion take-private deal of a key supplier when shareholders assemble for the Japanese automaker's annual general meeting on Thursday. This year's gathering, set to kick off at 10:00 a.m. (0100 GMT), marks the first time in three years that Toyoda isn't being opposed by a shareholder proxy adviser. Nevertheless, the grandson of the automaker's founder is likely to face some tough questions about governance - if this week's meeting of supplier Toyota Industries is anything to go by. Shareholders of forklift maker Toyota Industries on Tuesday voiced disapproval of the 4.7 trillion yen ($33 billion) take-private bid from its parent that they said was unfair to minority shareholders. The world's top-selling automaker plans to take its supplier private in a complex, multi-part transaction that includes an offer price of 16,300 yen a share. While the price might be a good deal for Toyota Motor shareholders, critics of the bid, including London-based Zennor Asset Management, have raised concern about the transaction, particularly around the treatment of minority shareholders. "This was not a decision that neglected minority shareholders, but rather one that was taken with all the factors in mind," Toyota Industries' President Koichi Ito told shareholders on Tuesday. Under the deal, a new holding company will be set up. Unlisted real estate company Toyota Fudosan will invest 180 billion yen while Toyoda will invest 1 billion yen. Toyota Motor will invest 700 billion yen for non-voting preferred shares. Tuesday's meeting ran for almost two hours, Toyota Industries' longest ever, the company said. Executives also took some two dozen questions from shareholders, the most ever. Hong Kong-based Oasis Management, which has shares in both Toyota Motor and Toyota Industries, has said it would push for a higher price. Toyota has said the acquisition would allow Toyota Industries to deepen collaboration with group companies, without concerns of short-term profit targets, as Toyota itself becomes a broader "mobility company". This year, prominent proxy advisory firms Glass Lewis and Institutional Shareholder Services have both recommended that shareholders re-elect Toyoda. Glass Lewis had recommended voting against him the previous two years and ISS had last year. Toyoda's position at the automaker had come under scrutiny over broader governance concerns. Neither proxy adviser gave specific reasons for the change in their recommendations this year. Toyoda has seen shareholder support slip in recent years. He was re-elected to the board with 72% backing in 2024, in what he later said marked the lowest support rating ever for a Toyota director. That was down from 85% and 96%, respectively, in the prior two years. In a July 2024 interview by Toyota's own news outlet, Toyoda said his seat on the board could be at risk if shareholder support continued to fall. Toyota Industries, formerly Toyoda Automatic Loom Works, was founded in 1926 to make automatic looms. An automotive division within the company was set up and later spun off as Toyota Motor. 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
New York Times
an hour ago
- New York Times
European football revenue hit record €38bn in 2023-24 season
The growth of the European football industry continues to show little sign of slowing after collective revenues for the 2023-24 season climbed to a record €38billion (£32.2bn, $43.6bn). Deloitte, the leading accounting firm, has published its 34th Annual Review of Football Finance today and reported an eight per cent increase in turnover across the continent. Advertisement The so-called big five leagues — the top divisions from England, Spain, Italy, Germany, and France — still contribute the greatest figures, with their aggregate revenues found to have topped €20bn for the first time last season. Over a third of that sum continues to come from the Premier League's 20 clubs, who reported growth of four per cent on the previous campaign. Germany's Bundesliga was the only major European league to see a downturn in revenues, falling one per cent year on year to €3.8bn. That allowed La Liga's combined wealth to almost draw level as the closest competitor to the Premier League, with aggregate revenues enjoying a six per cent uplift in 2023-24. European football's aggregate revenues, with figures including domestic leagues and national associations, have grown consistently since the turn of the century and are forecast by Deloitte to continue in the next two years. They estimate revenues will have climbed to €39.3bn in the season that is just finishing, before heading north again to €43.1bn in 2025-26. Amid those positive projections, though, are warning signs. Deloitte's report sees small growth for the big five leagues in 2024-25, before revenues then plateau next season. That is predominantly down to the deep uncertainty over Ligue 1's broadcast rights, but projects largely flatlining numbers for Serie A and Bundesliga. Those forecasts suggest that the Premier League's place as market leader will only grow. Last season saw commercial revenues of the top 20 English clubs go beyond the £2bn mark for the first time, with matchday revenues climbing to £909m. Broadcast revenues (coming in at £3.3bn with earnings from European competitions) alone are more than any other top European league turns over in total. Premier League clubs are assured of that figure growing again next season as a new and improved domestic broadcast cycle begins in 2025-26. Deloitte forecasts the Premier League's aggregate revenues to touch almost £7bn next season. Advertisement Other patterns point to a more pragmatic approach on the continent. Clubs in the big five leagues were found to have reported an operating profit of €600m in 2023-24. Wages as a percentage of revenue also fell from 66 to 64, suggesting that lavish spending has been tempered. 'The pressure is mounting for more clubs to drive additional revenue at the same time as managing rising costs,' Tim Bridge, lead partner in the Deloitte Sports Business Group, said in a statement accompanying the report. 'More than ever, leaders and owners must recognise the great responsibility they have of managing these businesses, capturing the historic essence of a football club while honouring its unrivalled role as a community asset for generations to come.' Deloitte's report found Championship clubs had recorded revenues just shy of £1bn, but found wages had climbed significantly to £892m. That ensured 93 per cent of turnover from the 24 Championship clubs in 2023-24 was spent on wages, with 11 of the 24 clubs committing more on salaries than they generated. League Two's aggregate revenues climbed significantly to £160m, but 17 per cent of that inflated sum came from Wrexham, as they passed through the division in 2023-24 en route to League One. The greatest growth witnessed, though, came in the Women's Super League. Deloitte's report found that £65m had been generated, 34 per cent up on the previous season. All 12 WSL clubs reported income of over £1m for the first time, and forecasts estimate that total revenues for the top-flight of the English women's game will reach £100m in 2025-26.
