Latest news with #Allinson
Yahoo
4 days ago
- Business
- Yahoo
Why QXO Stock Is Shooting Higher Today
A Wall Street analyst set a price target for QXO that is more than 150% above the stock's Thursday closing price. QXO has a lot of work to grow into its valuation, but the management team has a strong track record. 10 stocks we like better than Qxo › A Wall Street analyst has high hopes for building products distributor QXO (NYSE: QXO), and investors are taking note. Shares of QXO traded up 12% as of 10:30 a.m. ET after Wolfe Research set a target price for the stock that is more than 150% above where the shares closed Thursday. QXO was formed last year by serial entrepreneur Brad Jacobs with a goal of consolidating the building products distribution business. In April, the company closed an $11 billion acquisition of Beacon Roofing Supply and aims to grow revenue from about $10 billion today to $50 billion in the years to come. Now that the company has an operating business, Wall Street analysts are beginning to chime in. On Friday, Wolfe Research analyst Trevor Allinson initiated coverage on the stock with an "outperform" rating, assigning the stock a $44 price target. For context, QXO shares closed Thursday at $16.75. Allinson said QXO "offers investors a superior (earnings before interest, taxes, depreciation, and amortization) EBITDA growth story, both through organic EBITDA growth via operational improvements and accretive M&A, led a management team that has a proven value-creation track record across multiple industries." The analyst is forecasting QXO to grow EBITDA at a 35% compound annual rate over the next five years, which he notes would be significantly higher than the rest of the industry. To be sure, this note is just one analyst's opinion and is based on anticipation of what is to come and not current business fundamentals. That said, Jacobs' track record gives a lot of credibility to those expectations. The CEO has done more than 500 acquisitions in his career, building two of the top 10 Fortune 500 success stories over the last decade in United Rentals and XPO. Jacobs and his team have a history of using a combination of acquisitions and technology to drive efficiencies, a playbook that Allinson believes can be repeated here to generate both organic and inorganic growth. Last month, QXO completed a secondary offering to replenish its M&A firepower. Investors need to be aware that past performance is not a guarantee of future success, and that a range of factors including economic headwinds or a fickle M&A market could slow momentum from here. But for those looking for a growth stock in the industrials sector, QXO deserves at least a spot on the watch list. Before you buy stock in Qxo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Qxo wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,395!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $858,011!* Now, it's worth noting Stock Advisor's total average return is 997% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Lou Whiteman has positions in QXO and XPO. The Motley Fool recommends XPO. The Motley Fool has a disclosure policy. Why QXO Stock Is Shooting Higher Today was originally published by The Motley Fool 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
Daily Record
09-05-2025
- General
- Daily Record
10 minute pizza dough recipe that's 'much more rewarding' than ordering takeaway
This easy pizza recipe promises to taste better than your favourite takeaway restaurant As much as many of us might love cooking at home, we don't always love the effort that comes with it. And when it comes to the weekend, sometimes we just want a night off from slaving over the stove. But cooking doesn't always have to be stressful and complicated. As the weekend fast approaches, experts at Baking Mad are encouraging households to ditch the takeaway menus in favour of a more satisfying alternative: making homemade pizza dough from scratch. Their easy recipe, made using strong white bread flour, takes just six ingredients and 10 minutes of hands-on time - making it an east weekend meal. pizza dough recipe ticks all the boxes. "It's simple, satisfying, and much more rewarding than ordering in. Plus, it's a brilliant way to get kids involved in the kitchen over the long weekend.' What you'll need to make the perfect pizza base 500g Allinson's Strong White Bread Flour 1 sachet (7g) Allinson's Easy Bake or Time Saver Yeast 1 tsp Billington's Unrefined Golden Caster Sugar 2 tsp Salt 300ml Warm Water 50ml Olive Oil The recipe combines Allinson's Strong White Bread Flour and Easy Bake or Time Saver Yeast to give the dough its signature stretch and bite. Unlike plain flour, the high gluten content of bread flour helps to create the iconic chewy texture of a proper pizza base – one that springs back when pressed and holds its shape under layers of bubbling cheese and toppings. Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile, select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'. If you're curious, you can read our Privacy Notice. To help bakers of all levels get it right, Baking Mad shares expert guidance throughout the recipe, making it a fail-safe option even for beginners. Here are their top tips for pizza dough perfection: Master the knead: Don't be intimidated by the kneading stage - it only takes 10 minutes. Press the dough away with the heel of your hand, fold it back, give it a quarter turn and repeat until the dough is smooth and elastic. If it springs back when poked, it's ready. Choose the right flour: Allinson's Strong White Bread Flour is ideal for pizza dough thanks to its high gluten content. This gives the base its iconic stretch and chewy texture. For an even more elastic dough, very strong bread flour can be used. Prove like a pro: Lightly oil your bowl before proving and cover the dough with a clean tea towel. This prevents drying out and helps the dough rise evenly. Avoid sticky situations: If your dough sticks when transferring it to a baking sheet or pizza stone, use two spatulas to lift it without tearing. For a thinner, crispier base, divide the dough into four instead of three and roll out as thinly as possible. The dough can also be frozen for up to three months. Simply portion and lightly oil each ball before wrapping and storing in the freezer. For best results, defrost in the fridge overnight and allow to come to room temperature before shaping.
BBC News
13-04-2025
- Health
- BBC News
Manx healthcare tax realistic way to boost income
Proposals to create an independent healthcare tax on the Isle of Man is a "realistic" way to generate revenue, the Treasury minister has said. Alex Allinson has defended proposals to introduce a levy, which have come under fire from a group representing medics. The Isle of Man Medical Society said plans for such a tax should be abandoned in favour of alternative measures it had put forward to "restructure and reform" Manx Allinson said costs were "going up year on year" and "being realistic we will need to look at how we raise extra revenue". The Treasury said a levy could generate up to £28m a year in additional funding for future health new charge, which is in response to a 14% yearly rise in health costs, would be deducted from people's incomes via the existing tax return system. 'Fundamental reform' Allinson, who is also a member of the medical society, said as costs continued to rise they had to "keep pace with inflation and some of the extra costs of the health service". While he agreed with the society's call for reform, he said: "The increased pay costs for those very doctors was forecast to cost an extra £2.4m.""That money has to come from somewhere," he Allinson agreed with the group that "fundamental reform of our healthcare service is important".There was a focus on moving services closer to communities in the health department's mandate to Manx Care, he document is due to be debated in Tynwald this month, following an initial delay to its consideration in Minister Claire Christian will also ask Tynwald members to approve setting up a committee to review the annual mandate. Read more stories from the Isle of Man on the BBC, watch BBC North West Tonight on BBC iPlayer and follow BBC Isle of Man on Facebook and X.
Yahoo
07-04-2025
- Health
- Yahoo
Medical society slams 'regressive' healthcare tax
Proposals for an Isle of Man healthcare tax would have a "regressive impact on vulnerable people", a group representing medics has said. The Isle of Man Medical Society (IOMMS) has responded to Treasury's plans, out for consultation, to generate more income for the island's NHS. The new charge would be deducted from people's incomes via the existing tax return system, and is in response to a 14% year-on-year rise in health costs. But an IOMMS spokesman said the Treasury's proposals were "neither equitable nor effective". The consultation on the levy follows a commitment by the Treasury minister in 2024 to replace a 2% rise in the higher rate of income tax and ringfence it for health. The tax rate was brought down by 1% to 21% in this 2025-26 financial year, with more money in the annual NHS Allocation from National Insurance contributions making up for the shortfall. A new levy would raise about £8m more than the previous 2% income tax rise had been expected to, the Treasury said. Minister Alex Allinson previously said a levy "would be a significant help in terms of bridging that healthcare funding gap, which can only increase as we go forward". In response to criticism from the IOMMS, he said he was "grateful" they contributed to the consultation. An IOMMS spokesman said while the group recognised "financial pressures on Manx Care", the levy would have a "regressive impact on vulnerable people". Healthcare spending was "undermined by inefficiencies, governance challenges, and resource mismanagement", he added. The group outlined a number of other concerns, including how it could affect low-income households, pensioners, and people with chronic conditions. It said costs would put "further strain" on emergency care, adding that there had been a rise in emergency attendances of 12% between 2022 and 2024. There would also be the risk of "eroding public trust", it said, adding that people may feel "penalised" for "systemic inefficiencies". The IOMMS called for Manx Care and the Department of Health and Social Care to abandon its levy plans in favour of the group's own "restructure and reform" proposals. Minister Allinson said more than 1,400 people had so far taken part in the survey, which closes on 18 June. The responses were "important" on the future funding of the NHS, he said, to continue "provision of quality healthcare". Read more stories from the Isle of Man on the BBC, watch BBC North West Tonight on BBC iPlayer and follow BBC Isle of Man on Facebook and X. NHS levy ensures 'everyone pays their fair share' New health levy would raise up to £28m - Treasury Society outlines concerns over Manx Care mandate Survey finds Manx Care doctors 'deeply frustrated' NHS Healthcare Levy consultation Isle of Man Medical Society Isle of Man Government - Treasury
BBC News
07-04-2025
- Health
- BBC News
Medical society slams 'regressive' Manx healthcare tax proposals
Proposals for an Isle of Man healthcare tax would have a "regressive impact on vulnerable people", a group representing medics has Isle of Man Medical Society (IOMMS) has responded to Treasury's plans, out for consultation, to generate more income for the island's new charge would be deducted from people's incomes via the existing tax return system, and is in response to a 14% year-on-year rise in health an IOMMS spokesman said the Treasury's proposals were "neither equitable nor effective". The consultation on the levy follows a commitment by the Treasury minister in 2024 to replace a 2% rise in the higher rate of income tax and ringfence it for tax rate was brought down by 1% to 21% in this 2025-26 financial year, with more money in the annual NHS Allocation from National Insurance contributions making up for the shortfall.A new levy would raise about £8m more than the previous 2% income tax rise had been expected to, the Treasury Alex Allinson previously said a levy "would be a significant help in terms of bridging that healthcare funding gap, which can only increase as we go forward".In response to criticism from the IOMMS, he said he was "grateful" they contributed to the consultation. 'Disproportionate' An IOMMS spokesman said while the group recognised "financial pressures on Manx Care", the levy would have a "regressive impact on vulnerable people".Healthcare spending was "undermined by inefficiencies, governance challenges, and resource mismanagement", he group outlined a number of other concerns, including how it could affect low-income households, pensioners, and people with chronic conditions. It said costs would put "further strain" on emergency care, adding that there had been a rise in emergency attendances of 12% between 2022 and would also be the risk of "eroding public trust", it said, adding that people may feel "penalised" for "systemic inefficiencies".The IOMMS called for Manx Care and the Department of Health and Social Care to abandon its levy plans in favour of the group's own "restructure and reform" Allinson said more than 1,400 people had so far taken part in the survey, which closes on 18 responses were "important" on the future funding of the NHS, he said, to continue "provision of quality healthcare". Read more stories from the Isle of Man on the BBC, watch BBC North West Tonight on BBC iPlayer and follow BBC Isle of Man on Facebook and X.
