Latest news with #Moller
Yahoo
27-05-2025
- Business
- Yahoo
Maersk more than halfway through $1B stock buyback
A.P. Moller-Maersk, parent of shipping line Maersk, said it has bought back almost $600 million of a total planned $1 billion worth of its own shares in the first phase of a purchase program. Copenhagen, Denmark-based Maersk (OTC: AMKBY) in February announced it planned to buy back a total of $2 billion worth of shares in two phases over 12 months. The first phase of the buyback program began Feb. 7 and will run to August of this year. The shares to be acquired will be limited to a total market value of around $1 billion. The company said that through May 23, it had acquired 58,951 A shares and 333,853 B shares, including 2,090 shares from the Moller family, for a total of $599.7 now owns 58,951 A shares and 440,918 B shares, or 3.16% of the company's share capital. Maersk earlier this month revised full-year global container volume growth from 4% to 4% growth to 1% contraction, on the effects of U.S. tariffs with trading partner countries, including China. Buybacks increase earnings per share because there are fewer shares and also increase earnings as a percentage of assets and earnings as a percentage of equity, ratios that Wall Street tracks. It's also tax-efficient for U.S.-based investors because increased share value monetized as capital gains is taxed at lower rates than distributing the excess cash to investors as dividends. According to public information, Maersk stock is 0.02% owned by institutional investors, 0.01% by company insiders, and 99.97% by public companies and individual Mc-Kinney Moller, a fourth-generation descendant of the Maersk family which controls the shipping giant, is chair of both the A.P. Moller Foundation and its investment company, A.P. Moller Holding, where her son, Robert Maersk Uggla, is the chief executive. Find more articles by Stuart Chirls China-US container rates up by double digits Savannah sees record containers amid tariff frenzy Zim profit up on higher container volume, rates No container tsunami heading to Los Angeles, says port chiefThe post Maersk more than halfway through $1B stock buyback appeared first on FreightWaves. Sign in to access your portfolio
Daily Mail
20-05-2025
- Daily Mail
Man is accused of gross act on flight from Sydney to the Gold Coast
A man has faced court after allegedly touching a woman on her leg and putting his hands in her food while on a flight. The 41-year-old allegedly placed his hand on the inner thigh of a female passenger several times on a flight from Sydney to the Gold Coast on February 4. The Australian Federal Police (AFP) also alleged he stuck his hands in her food. Officers arrested the man at Gold Coast Airport upon arrival. They charged him with a single count of an act of indecency. If found guilty, the man faces a maximum penalty of seven years' imprisonment. He appeared before Southport Magistrates' Court on Monday. AFP Detective Superintendent Scott Moller said all travellers had the right to feel safe during their journey and should not be subjected to criminal behaviour. 'When travelling through an airport and on a plane, people are bound by Australian law,' Det Supt Moller said. 'Where there is evidence someone has committed a criminal offence, the AFP will take action. 'This incident should serve as a reminder to the community that authorities will not tolerate indecent behaviour at our airports or on aircraft.'
West Australian
19-05-2025
- West Australian
Man charged after allegedly touching passenger, their food on Gold Coast-bound flight
A man accused of touching a female passenger and sticking his hands in her food on a Gold Coast-bound flight will face court on Monday. It will be alleged the 41-year-old targeted the woman while on an evening flight from Sydney to the Gold Coast on February 4. The man allegedly put his hand on the woman's inner thigh several times during the flight, then stuck his hands in her food, the Australian Federal Police (AFP) say. Police arrested the man when the flight touched down at Gold Coast Airport. He was charged with one count of an act of indecency, which carries a maximum penalty of seven years' jail. The Gold Coast man is due to appear in Southport Magistrates Court on Monday. AFP Detective Superintendent Scott Moller said all travellers had the right to feel safe during their journey. 'When travelling through an airport and on a plane, people are bound by Australian law and, where there is evidence someone has committed an (alleged) criminal offence, the AFP will take action,' Superintendent Moller said. 'This (alleged) incident should serve as a reminder to the community that authorities will not tolerate indecent behaviour at our airports or on aircraft.' Anyone needing a police presence at an airport or wanting to report an incident should call the AFP's Airport Watch on 131 237.
NZ Herald
06-05-2025
- Entertainment
- NZ Herald
Real Life: Voom frontman on ‘crushing moment' apology song for ex became accidental radio hit
'That song, I dreamt it. I have a crazy brain for dreaming. I just have all these epiphany-type dreams, and that song had been going around and around in my head all night and I was like, worn out by the morning with this melody.' Recognising its emotional resonance, Moller immediately went and recorded the song. He told Real Life he never intended to release it or play it with Voom – he just wanted to play it to Beth over the phone. He played the recording for his friend and bandmate Andrew 'Mac' Macaskill first. 'He says, 'So what's it about?' And I said, 'It's obvious, I'm apologising to Beth'… And he said, 'Well, I didn't know that was what it was about. You're talking about the moon and the lake and something like that. Why don't you just write exactly what you mean?' 'And so I went back down there and racked my brain and wrote exactly, literally what I meant, which was quite awkward because generally boys tend to sing in analogies or safe words or something. But I just wrote it very, very literally.' There is no misinterpreting what the lyrics to Beth are about. Moller lays his heart on the table in the song, explicitly mentioning the broken promise he made to move to Australia, and admitting he still wanted to be with Beth. 'I worked very hard on them [the lyrics], you know? And then I played it to her down the phone and she cried when I played it to her. And I was like, 'Yes!' That was my only goal for that song.' Unbeknown to Moller, though, the song was going to be heard by many more people than just Beth, leaking into the mainstream via record label owner Trevor Reekie and musician Johnny Fleury. 'We were signed to him and he asked me for a new song to put on the radio, and I gave him a song on a cassette. He was listening to it before he took it up to the radio station… And then the cassette carried on playing and flipped over, as cassettes did back then. 'And on the back of the cassette was that recording of the Beth song, which I hadn't intended him to ever [hear]. And they both sat there in silence listening to it, and they go, 'We're taking that one up to the radio'. And they took it up without telling me.' Moller didn't even know it had been released until he saw a friend on the street who told him he loved the new song. 'He started singing those lyrics about Australia and stuff and I was going, 'What? What do you mean? How do you know that song?' And he said, 'Oh, it's No 1 on bFM'. 'And I just had this crushing moment of embarrassment, like 'no one's meant to hear that, that's so embarrassing'.' Elsewhere in the interview, Moller spoke about his experience of Asperger's syndrome, being the 'black sheep' of a family of engineers, architects and farmers, and releasing a new album after nearly two decades.
New Straits Times
25-04-2025
- Sport
- New Straits Times
Joao Fonseca, 18, wins Madrid opener with Tommy Paul up next
MADRID: Brazilian 18-year-old Joao Fonseca took down Danish qualifier Elmer Moller 6-2, 6-3 in a tidy 73 minutes in the first round of the Mutua Madrid Open on Thursday in Spain. Fonseca outstripped Moller 5-0 in aces and pushed Moller to break point 13 times. Though Moller managed to save nine of those, he couldn't keep up with the rising star who won the Next Gen ATP Finals title last winter. "I love playing on clay," said Fonseca, currently the highest-ranked player from Brazil. "I was born on the clay, so I like to play on it, even with altitude. I like to focus on my serves and play aggressive, so feeling good this week. "Me and my team felt it was a time to rest a little bit, focus, be at home, rest mentally. Then come here to do the clay season. Very happy with this win today." While Fonseca committed 26 unforced errors to counteract his 16 winners, Moller managed just 10 winners with 28 unforced errors. Up next for Fonseca is a second-round meeting with American No. 11 seed Tommy Paul. No seeded players were in action on Thursday, but a few familiar names were in the spotlight. Cameron Norrie of Great Britain won a two-hour, 41-minute marathon against Spanish wild card Martin Landaluce 6-7 (4), 7-5, 6-4. Once ranked as high as No. 8 in the world, Norrie is now No. 91. He revealed after his match that he was battling an illness before Thursday rolled around. "I was feeling absolutely terrible. I wasn't sure I was going to play, I had no energy, didn't sleep at all last night," Norrie said. "I started very low energy, sleeping on the court still. I had to create my own energy. He actually played really well, I know he's a really good player, so I had to fight every point." Italy's Lorenzo Sonego beat Serbian Miomir Kecmanovic 6-4, 7-6 (5), while fellow Italian Matteo Arnaldi overcame Croatian qualifier Borna Coric 4-6, 6-4, 7-5. Canadian lucky loser Gabriel Diallo swept Belgium's Zizou Bergs off the court in 57 minutes, 6-1, 6-2. American Reilly Opelka had a more balanced battle with Australian lucky loser Rinky Hijikata but prevailed 7-5, 7-5. Other winners included British qualifier Jacob Fearnley, Italy's Luciano Darderi, Bosnia and Herzegovina's Damir Dzumhur, Argentina's Tomas Martin Etcheverry, American Marcos Giron, Tallon Griekspoor of the Netherlands, Chile's Nicolas Jarry and Japan's Kei Nishikori. Jan-Lennard Struff of Germany led Dutch lucky loser Botic van de Zanschulp 7-5, 2-6, 4-1 when van de Zandschulp retired. Frenchman Alexandre Muller was ahead 6-3, 3-6, 1-0 when Belgian opponent David Goffin retired. --AFP
