Latest news with #BATS
Wall Street Journal
03-06-2025
- Business
- Wall Street Journal
British American Tobacco Raises Outlook on Better-Than-Expected Revenue
British American Tobacco BATS 0.24%increase; green up pointing triangle said revenue in the first half was slightly better than expected, and raised its outlook for the year. The FTSE 100 tobacco group on Tuesday said it now expects to deliver revenue growth for the first half and the year of 1% to 2% at constant rates, up from a prior 1%. The company reported revenue of 25.87 billion pounds ($35.04 billion) for 2024. It expects the U.S. to return to revenue and profit growth, driven by strengthening delivery in the combustibles category and an excellent performance of the Velo Plus product. New categories products–which includes vapor, heated products and oral pouches–are expected to see low-single digit revenue growth in the first half and to accelerate to mid-single digit for 2025. It said the category it was hit by illicit vapor products in the U.S. and Canada, partly offset by Velo's performance. The company–which houses the Kent, Dunhill and Lucky Strike brands–said new category revenue would be driven by innovations in key markets. Write to Anthony O. Goriainoff at
Yahoo
28-05-2025
- Entertainment
- Yahoo
Comedy about amateur stage production of Macbeth set for Kendal
Burneside Amateur Theatrical Society (BATS) is set to stage 'The Scottish Play' in Kendal next month. The play is a bittersweet comedy about an amateur dramatics group that has taken on a challenge—putting on a production of one of Shakespeare's great plays: Macbeth. Michael, played by Duncan Cramphorn, the show's director, is the driving force behind the project and is determined to make it a success, regardless of budget, politics or relationships. 'The Scottish Play' is set for the Bryce Burneside in Kendal next month (Image: Supplied) Trouble begins brewing, as Michael has to deal with committee leader Geraldine, played by Jackie O'Sullivan, and boss Les Dye, played by Kevin Beecroft, as well as personal drama. Nigel Crook, first-time BATS director said the play "paints a vivid picture of amdram life and politics." Mr Crook said: "Macbeth is generally considered an unlucky play to perform, and all sorts of actors' superstitions relate to it. "The Scottish Play deals with one man's obsession with producing and directing an amateur production of Macbeth and the disasters, often hilarious, that result. "So, nothing like real amdram life at all." The cast also includes Samm Parker, Ethan Brown, Chris Cross, and Lois Howard. The play, written by Graham Holliday, will show at the Bryce Burneside in north Kendal, from June 11–14 at 7.30pm. Tickets can be purchased directly from the Box Office on at 07792 777213 or online at
Yahoo
03-05-2025
- Business
- Yahoo
Parker-Hannifin Trims Outlook, But CEO Says Firm Ready To Handle Tariff Uncertainty
Parker-Hannifin Corp (NYSE:PH) reported mixed third-quarter results and revised its 2025 outlook on Thursday. The company's sales of $4.96 billion and 1% organic growth were slightly below the consensus of $4.99 billion. Adjusted EPS for the quarter was $6.94, beating the consensus of $6.72. Orders were up 9% year-over-year (Y/Y), with Diversified Industrial North American businesses up 3% Y/Y and Diversified Industrial International businesses up 11% Y/Y. Orders in the Aerospace Systems segment increased by 14% Y/Y in the quarter. Segment Sales: Diversified Industrial North America $2.031 billion (-9.0% Y/Y), Diversified Industrial International $1.358 billion (-5.3% Y/Y), and Aerospace Systems $1.572 billion (+11.6% Y/Y). The total adjusted segment operating margin for the quarter was 26.3%, up 160 bps Y/Y. "The resiliency of our portfolio coupled with the power of our business system, The Win Strategy, has enabled us to consistently deliver strong results through business cycles. With our decentralized structure and the agility of our global teams, we are confident in our ability to manage through macroeconomic uncertainty, including tariffs. We are fully committed to achieving our fiscal year 2029 financial targets.", commented Jenny Parmentier, Chairman and Chief Executive Officer. Parker-Hannifin's year-to-date cash flow from operations stood at $2.31 billion. It held $408.7 million in cash and equivalents as of quarter-end. 2025 Outlook updated: Parker now expects sales growth of (1%), with organic sales growth of 1% and unfavorable currency of (0.5%). The company narrows its adjusted EPS guidance to $26.60-$26.80 (prior $26.40 to $27.00), compared to the $26.73 consensus. Parker expects a total segment operating margin of approximately 22.7%, or approximately 25.9%, on an adjusted basis. Dividend: On April 24, the Board of Directors declared a quarterly cash dividend of $1.80 per share for shareholders of record on May 9, 2025, payable on June 6, 2025. This dividend represents a 10% increase over the previous quarterly dividend of $1.63 per share. Investors can gain exposure to the stock via Tema ETF Trust Tema American Reshoring ETF (NYSE:RSHO) and ETF Opportunities Trust Brendan Wood TopGun Index ETF (BATS:BWTG). Price Action: Parker-Hannifin shares are closed at $610.12 on Thursday. Read Next:Photo Courtesy: Ani_Raw_Shots on Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? PARKER HANNIFIN (PH): Free Stock Analysis Report This article Parker-Hannifin Trims Outlook, But CEO Says Firm Ready To Handle Tariff Uncertainty originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
02-05-2025
- Business
- Yahoo
Why Is UBS Stock Trading Lower On Wednesday?
UBS Group AG (NYSE:UBS) shares are trading lower on Wednesday. The Swiss bank reported first-quarter 2025 sales of $12.56 billion. This marked a 1% year-over-year decline and fell short of the $12.99 billion consensus estimate. Underlying revenues declined slightly Y/Y to $11.9 billion. Underlying revenues from the core businesses rose 6% Y/Y, while revenues in the much-reduced Noncore and Legacy division declined 72% Y/Y. Underlying operating profit before tax reached $2.59 billion, down 1% Y/Y in the quarter. Global Wealth Management's net new assets for the quarter were $32 billion, with revenues rising 5% Y/Y to $6.25 billion. The group posted a net profit attributable to shareholders of $1.69 billion for the quarter vs. $1.76 billion a year ago quarter. EPS of 51 cents beat the consensus of 41 cents. The CET1 capital ratio, a measure of bank liquidity, was 14.3%, compared to 14.8% in the year-ago quarter. UBS CEO Sergio P. Ermotti stated, "The power and scale of our diversified global franchise, coupled with our continued focus on clients, drove strong business momentum in the quarter and net new inflows in our asset-gathering businesses." "With increased uncertainty in markets and the macroeconomic outlook, we continue to focus on supporting clients, delivering on our financial targets, and acting as an engine of economic growth in the communities we serve." Buyback: The bank completed share buybacks worth $0.5 billion and reserved $2.5 billion for planned share repurchases for the remainder of 2025. Outlook: In the second quarter, UBS anticipates a low-single-digit percentage sequential decline in net interest income (NII) within Global Wealth Management and a similar decrease in Swiss franc terms for Personal & Corporate Banking's NII. Meanwhile, Personal & Corporate Banking's NII is expected to increase sequentially by a mid-single-digit percentage in USD terms. The bank noted that the continued market uncertainty could potentially delay the execution of their Global Banking pipeline. Pull-to-par revenues are projected to reach $0.6 billion, which is anticipated to offset the expected $1.1 billion in integration-related expenses partly. Investors can gain exposure to the stock via the Avantis International Equity ETF (NYSE:AVDE) and the Elevation Series Trust The Opal International Dividend Income ETF (BATS:IDVZ). Price Action: UBS shares are down 1.57% at $30.03 at the last check Wednesday. Read Next:Photo via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Why Is UBS Stock Trading Lower On Wednesday? originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
02-05-2025
- Business
- Yahoo
Parker-Hannifin Trims Outlook, But CEO Says Firm Ready To Handle Tariff Uncertainty
Parker-Hannifin Corp (NYSE:PH) reported mixed third-quarter results and revised its 2025 outlook on Thursday. The company's sales of $4.96 billion and 1% organic growth were slightly below the consensus of $4.99 billion. Adjusted EPS for the quarter was $6.94, beating the consensus of $6.72. Orders were up 9% year-over-year (Y/Y), with Diversified Industrial North American businesses up 3% Y/Y and Diversified Industrial International businesses up 11% Y/Y. Orders in the Aerospace Systems segment increased by 14% Y/Y in the quarter. Segment Sales: Diversified Industrial North America $2.031 billion (-9.0% Y/Y), Diversified Industrial International $1.358 billion (-5.3% Y/Y), and Aerospace Systems $1.572 billion (+11.6% Y/Y). The total adjusted segment operating margin for the quarter was 26.3%, up 160 bps Y/Y. "The resiliency of our portfolio coupled with the power of our business system, The Win Strategy, has enabled us to consistently deliver strong results through business cycles. With our decentralized structure and the agility of our global teams, we are confident in our ability to manage through macroeconomic uncertainty, including tariffs. We are fully committed to achieving our fiscal year 2029 financial targets.", commented Jenny Parmentier, Chairman and Chief Executive Officer. Parker-Hannifin's year-to-date cash flow from operations stood at $2.31 billion. It held $408.7 million in cash and equivalents as of quarter-end. 2025 Outlook updated: Parker now expects sales growth of (1%), with organic sales growth of 1% and unfavorable currency of (0.5%). The company narrows its adjusted EPS guidance to $26.60-$26.80 (prior $26.40 to $27.00), compared to the $26.73 consensus. Parker expects a total segment operating margin of approximately 22.7%, or approximately 25.9%, on an adjusted basis. Dividend: On April 24, the Board of Directors declared a quarterly cash dividend of $1.80 per share for shareholders of record on May 9, 2025, payable on June 6, 2025. This dividend represents a 10% increase over the previous quarterly dividend of $1.63 per share. Investors can gain exposure to the stock via Tema ETF Trust Tema American Reshoring ETF (NYSE:RSHO) and ETF Opportunities Trust Brendan Wood TopGun Index ETF (BATS:BWTG). Price Action: Parker-Hannifin shares are closed at $610.12 on Thursday. Read Next:Photo Courtesy: Ani_Raw_Shots on Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? PARKER HANNIFIN (PH): Free Stock Analysis Report This article Parker-Hannifin Trims Outlook, But CEO Says Firm Ready To Handle Tariff Uncertainty originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
