Latest news with #Armitage
Sky News AU
21-07-2025
- Politics
- Sky News AU
Northern Territory Chief Minister lashes out, exploring changes after cost of inquest into Kumanjayi Walker's death blows out to at least $7.4 million
The Northern Territory government is considering changes to the Coroner's Act following the 'extraordinary' blowout in the cost of the inquest into the death of Kumanjayi Walker. Mr Walker was shot dead by former police constable Zachary Rolfe in the remote Indigenous community of Yuendumu in November 2019. In March 2022 Mr Rolfe was found not guilty of Mr Walker's murder. Coroner Elisabeth Armitage began her inquiry into Mr Walker's death in September 2022. The inquest was supposed to run for three months, but it would be almost three years before Ms Armitage delivered her final report. Last week, Sky News reported the cost to two government departments for the inquest had exceeded $7.4 million. The Department of Attorney General and Justice spent more than $1.9 million on the inquiry, while the bill for the Northern Territory Police was almost $5.5 million. The data provided to the NT Budget Estimates Committee showed the cost of the inquest into the deaths of four Aboriginal women killed in domestic violence incidents was $497,640, while the average cost for 283 inquests in 2024/45 was just $6,120. Government sources have told Sky News the total cost of the Walker inquiry will likely exceed $11 million once the bill for the Northern Territory Health Department and other associated costs are included. Chief Minister Lia Finocchiaro said the length and cost of the inquest was unacceptable. "It's an extraordinary amount of money and it's important that Territorians understand what these kinds of activities cost,' she said. 'The coronial process is obviously a very important process but when a usual coronial inquest costs six-thousand dollars and one as complicated as the four domestic violence women costing half a million, you can see how this one has completely blown out." Speaking to host Katie Woolf on Mix FM, Mrs Finocchiaro said the government was considering changes to the Coroner's Act to limit the cost of future inquiries. 'I think that's something the Attorney General is looking at as part of our broader justice reform package,' she said. 'It's really important that our courts are working well and all of our statutory bodies that do this sort of work are working well.' She said there needed to be accountability around how taxpayers' money was spent, saying 'I don't think coronials should cost this much, ever'. "You can see how as a government we are really concerned about how long the coroner is taking to do these inquests and the amount of money she is spending doing it, because at the end of the day, it's not her money, it's not my money, it's your listeners' money Katie and we have to making sure we're spending that on advancing the Territory,' she said. Ms Armitage made 33 recommendations in her final report, including 17 that relate to the NT Police. Mrs Finocchiaro said the government was considering the report but is yet to commit to the implementation of any of the recommendations.
Miami Herald
15-07-2025
- Entertainment
- Miami Herald
Watch: Richard Armitage plays murder suspect in ‘Red Eye'
July 15 (UPI) -- Hulu is teasing Red Eye, a series starring The Stranger and The Hobbit actorRichard Armitage. In the new thriller, Armitage portrays Dr. Matthew Nolan, an accused murderer who maintains that he is innocent. London police officer DC Hana Li (Jing Lusi) escorts Matthew on a red eye flight to Beijing. The plane is carrying over 200 passengers and a deadly assassin. "You have to help me," Matthew says in the trailer released Tuesday. "Don't make this harder than it has to be," Hana responds. "But after an incident occurs on-board, she finds herself embroiled in an escalating conspiracy," the official synopsis reads. The series arrives on the streamer July 22. 2025 United Press International, Inc. All Rights Reserved.
Business Insider
15-07-2025
- Business
- Business Insider
Citi Reaffirms Their Buy Rating on Melrose (MRO)
Citi analyst Charles Armitage maintained a Buy rating on Melrose on July 11. The company's shares closed today at p526.60. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Armitage covers the Industrials sector, focusing on stocks such as Airbus Group SE, MTU Aero Engines, and BAE Systems. According to TipRanks, Armitage has an average return of 26.3% and a 77.00% success rate on recommended stocks. In addition to Citi, Melrose also received a Buy from J.P. Morgan's Andrew Wilson CFA in a report issued on July 2. However, on June 26, Kepler Capital downgraded Melrose (LSE: MRO) to a Hold. MRO market cap is currently £6.79B and has a P/E ratio of -141.64. Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MRO in relation to earlier this year.
CNBC
26-06-2025
- Business
- CNBC
Have defense stocks hit their ceiling? Citi's downgrade offers clues
European defense stocks have soared this year amid a regional push toward ramping up defense spending – but according to investment bank Citi, the bull run may soon run out of steam. The Stoxx Europe Aerospace and Defense index has gained almost 50% since the beginning of the year, with a handful of stocks, including Germany's Renk , Rheinmetall and Hensoldt , more than doubling in value. The rally has been supported by action from European governments to hike their defense budgets, with the EU pledging to mobilize as much as 800 billion euros ($928 billion) for security spending, while the U.K. government also said earlier this year it would allocate much more funding to defense. In a note to clients on Monday, Citi's European Aerospace and Defence analyst Charles Armitage downgraded Hensoldt, Renk and Sweden's Saab to give them a "sell" rating. The stocks have gained around 174%, 260% and 110% this year, respectively. HAG-DE R3NK-FF,SDV0-FF YTD line Price of Hensoldt, Renk and Saab shares year-to-date. Armitage argued that the Hague summit is "likely to be as good as it gets" for the Western European aerospace and defense industry. His note was published before NATO's 32 members confirmed they had confirmed they had committed to invest 5% of their gross domestic product in defense by 2035 – but Armitage, like wider markets, had anticipated the move. Under the agreement, 3.5% of NATO members' GDP is set to be allocated to "pure" defense requirements, with the additional 1.5% going toward security and defense-related infrastructure. Regional defense shares moved higher still on Thursday, with the Stoxx Aerospace and Defense index jumping 1.5% higher the day after Nato's annual summit in The Hague, Netherlands, concluded. Armitage said his team estimated Hensoldt, Renk and Saab were "pricing in more growth than seems likely with 3.5% of GDP, even assuming market share gains." "We believe there is little chance of upside to these [NATO spending] targets, but some downside risk," he said. "The stocks may rally on the news … but we believe the sentiment is likely to become less positive thereafter." Looking ahead, Citi expects the debate on defense spending to shift toward "whether European countries will be able to achieve these targets," which it sees as a downside risk to the stocks Armitage named in his Monday note. Citi isn't the only major lender starting to question the upside of some of Europe's top performing defense stocks. Last week, Bank of America also downgraded Renk and Saab, with analysts at the bank suggesting their view on the former were somewhat contrarian. "Investors we spoke to overall agreed that Renk is overvalued fundamentally," they said in a research note. "However … investors likely think Renk could be a > €3bn org sales business by 2030, but there is no conviction Renk will guide for > €3bn org sales at the [November Capital Markets Day]." On Saab, BoA's analysts said investors largely believe the valuation of Saab is too rich in the near term "for a business with limited revenue visibility mid to long term (vs peers)" and given its limited exposure to European budgets outside of Sweden versus its regional peers.
Yomiuri Shimbun
21-06-2025
- Politics
- Yomiuri Shimbun
Armitage Had Last Message for Japan as U.S.'S Friend;Fulfill Leadership Role, Don't Flinch Before Trump
The late Richard Armitage strongly hoped that Japan would stand fast and confident in its leadership role on the world stage, without flinching in the face of actions by U.S. President Donald Trump's administration, according to an unfinished essay he was preparing to be published in The Yomiuri Shimbun. The former U.S. deputy secretary of state was long known for his expertise on Japan. He passed away suddenly at the age of 79 on April 13. Amid growing uncertainty in the international situation under the second Trump administration, Armitage stressed the importance of Japan's role as a stable global leader. His message should be noted as the testament of a person who had passionately devoted himself to strengthening the Japan-U.S. alliance. Armitage had planned to visit Japan in May. Before that, his next contribution to 'Insights into the World' was scheduled to be published in The Yomiuri Shimbun. Although the draft was not kept in written form, Kara Bue, a founding partner in his consulting firm who also served as a deputy assistant secretary at the U.S. State Department, recalled his comments for the planned essay and shared them with The Yomiuri Shimbun. According to Bue, the tentative title of the draft is 'In an uncertain times, Japan must remain confident in its global role.' Japan's national security policy has continued to develop since the 1980s, evolving amid constraints including interpretations of the Constitution. According to Bue, Armitage felt that particularly during the second administration of Prime Minister Shinzo Abe, Japan took the leading role in the Trans-Pacific Partnership free trade agreement and also served as a humanitarian force for good, growing to occupy 'a true leadership position on the global stage.' Bue also said that Armitage wanted Japan to remember 'not to be left uncertain or confused about what it should be doing' because 'the world needs Japan more than ever as a steady hand' amid the uncertainty and chaos brought about by the U.S. administration. She described his thoughts as a message of encouragement to Japan. Believing that having allies and friends was part of 'the strength of America,' Armitage criticized how Trump treats such nations, saying he 'didn't feel the Trump administration tended to them as they should.' What Armitage wanted people to remember was that the top two people in the nations' respective administrations — the prime minister and the president — were not the entire relationship, Bue said, adding that he encouraged people to feel reassured by the strength of the bilateral alliance.
