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Yahoo
4 days ago
- Business
- Yahoo
The Rolls-Royce share price has soared 66% already this year! Can it really keep going?
Back at the start of 2025, I thought the business outlook for Rolls-Royce (LSE: RR) was promising – but was less enthusiastic about its share price. In January, after the Rolls-Royce share price had already increased 513% since the end of 2022 just a couple of years before, here is what I wrote: 'If the company can improve its profitability as it hopes to, earnings per share ought to increase. That prospect alone could see the Rolls-Royce share price increase this year, especially if the company issues upbeat news about how it is performing relative to its medium-term goals.' Lo and behold, six months on and that has come to pass. The share price is now 66% above where it was at the start of 2025, despite having already performed brilliantly in the several years leading up to that. So can this incredible run possibly continue – and ought I to invest? Why I didn't buy then I ought to start by explaining why, since I could see how the share price might grow this year, I did not buy back in January and subsequently missed out on the 66% increase. The issue then was not the underlying business. It was simply that I felt the share price was too high to offer me a satisfactory margin of safety. The company did indeed issue upbeat news about its medium-term goals. Not only did it meet some of them early, but it raised those goals. The City lapped that up and the Rolls-Royce share price has accordingly performed brilliantly in 2025. I am happy with my decision back in January, as each investor needs to strike their own balance between risk and potential reward. But, with the business now looking even stronger than it did back then, could now be my moment to buy? Not a cheap valuation Currently, the Rolls-Royce share price is 33 times earnings. That looks pricey to me, especially for a long-established company in a mature industry. Last year's net profit margin of 13% was decent, but Rolls operates in an area that typically offers middling profit margins at best and I do not see that changing dramatically. Momentum could keep pushing the share price up. As an investor not a speculator, I ignore that and seek to buy shares in companies that I think have good businesses and an attractive price tag, due to competitive pressures. I like the business. Rolls-Royce has a large installed client base, lots of patented technology and a world-class engineering expertise. The price still looks too expensive for my tastes though. It could get cheaper from a forward-looking perspective if revenues rise, profit margins increase, or both. High demand in defence and civil aviation could boost revenues. Meanwhile, Rolls' efficiency programme may boost profit margins. But I see a limit to growing profitability without becoming less competitive versus rivals. Meanwhile, a massive risk I see to revenues is the sort of occasional unforeseen event like a pandemic or war that sinks demand for civil aviation overnight. If that does not materialise and business remains strong, I reckon the Rolls-Royce share price could potentially keep rising. But I am uncomfortable with those risks given the current valuation, so will not be investing. The post The Rolls-Royce share price has soared 66% already this year! Can it really keep going? appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool C Ruane has no position in any of the shares mentioned. The Motley Fool UK has recommended Rolls-Royce Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025
New York Post
21-07-2025
- Politics
- New York Post
It's way past time for Mayor Adams to lift the NYPD bans on facial-ID tech
New York City's bans on facial-recognition tech have got to go. The charges that were dropped against Zuhdi Ahmed prove that. Ahmed was a pro-Palestinian protester accused of throwing a rock at a pro-Israel counter-demonstrator. Yet a judge ruled that he can't be charged because cops used prohibited AI facial-recognition tech (a tip provided by a FDNY fire marshal in response to a Crimestoppers post) to nail him. Let's be clear: There's nothing wrong with such tools in the pursuit of justice. In this case, FDNY fire investigators did what they always do — they shared crimefighting information with their colleagues. Yet Judge Valentina 'Let-'em-go' Morales deemed that detectives ran afoul of departmental guidelines in using information obtained by a city fire marshal who was investigating the burning of an Israeli flag at the protest and turned up publicly sourced photos of Ahmed at high school social events. Per The City, the Legal Aid Society filed suit targeting the FDNY's use of Clearview AI's facial-recognition software in previous investigations. Bad enough the NYPD is banned from using such tech; but banning its use outside the department is just bonkers, ensuring that perps who could otherwise be made to pay for their crimes simply won't. Plus, under the department's facial-recognition guidelines implemented in 2020, NYPD investigators are limited to searches of arrest and parole photos. In 2019, NYPD's facial-recognition software helped ID the mystery man who left a pair of rice-cooker bombs in the subway. The man, Larry Griffin II was ID'd before the devices were found to be fakes. Nor is this a matter of government spying or a breach of privacy: Cameras are all over the place these days, and pictures of people fill up the internet. Meanwhile, facial-recognition tech — in combination with AI — is evolving and improving as an effective investigative tool. Mayor Eric Adams needs to lift the ban pronto.
The Citizen
15-07-2025
- General
- The Citizen
City assures water tanker supply is safe as maintenance begins
Rand Water's planned maintenance, which is set to affect parts of Ekurhuleni from today, July 15, has begun, with the City reassuring residents that water supplied through tankers during this period remains safe for consumption. The maintenance, scheduled from 05:00 on July 15 until 07:00 on July 18, will affect areas including Kempton Park, Germiston, Thembisa, Edenvale, and Bedfordview. As Rand Water, the city's bulk water supplier, undertakes major repairs to its infrastructure to ensure continued water quality, the City of Ekurhuleni has dispatched water tankers as a temporary relief measure to affected areas. Also read: Water supply disruptions expected in Kempton Park and Thembisa The City emphasised that the water supplied via these tankers meets the same quality standards as the municipal tap water, maintaining the clean supply certified by the National Department of Water's Blue Drop Report of 2023. The Water Quality Section collects and tests water samples from all tankers before they are sent out to the community. Also read: 50-HOUR Rand Water shutdown to impact Kempton Park taps The City has also called on residents to remain vigilant and report any irregularities involving water tankers, including attempts to sell water meant for community relief, to ensure that the emergency supply reaches those who need it most. Residents who experience any water quality concerns are encouraged to contact the City's Call Centre immediately on 0860 543 000. IMPORTANT: Water tanker locations will be published as soon as they are made available. At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
Zawya
07-07-2025
- Business
- Zawya
Jobs at risk in investment banks amid dearth of IPOs
With costs to pare down amid a lack of London IPOs, investment banks in the financial district of London (known as 'The City') are set to eliminate a number of jobs, according to a source familiar with the matter. The latest among these banks to cut jobs is Cavendish which was formed in September 2023 through a £43m merger of London brokers Cenkos and FinnCap during a flurry of consolidation among Britain's mid-sized investment banks. It was a part of a broader surge in consolidation in the sector at the time. In the same year, Deutsche Bank acquired Numis for £410m, while in January 2024 Panmure Gordon and Liberum announced a tie-up that created Panmure Liberum – a new force in investment banking and corporate broking. Peel Hunt, which cut 10 jobs at the end of the first quarter, with departures earlier including its head of equities Alex Carter as well as senior traders. The firm posted a £3.5m pre-tax loss for full fiscal year to 31 March. London-focused investment banks have looked to diversify their revenue streams away from UK equities after years of revenue declines to focus on mergers and acquisitions (M&A). However, the on-going dearth of deals has forced more firms to cut back. Not surprisingly, restructuring has been going on in the sector. Singer Capital Markets – a leading investment bank dedicated to supporting ambitious UK growth companies, was formed in 2006. It named new leaders of its investment banking unit following the departure of its chief executive Steve Pearce in April. Cavendish's co-chief executive Julian Morse and John Farrugia said some months ago that the firm was looking to grow after cutting £7m of costs following the merger. In an April trading update, Cavendish said it expected its fiscal revenue for 2025 to be £55m, which is in line with a year earlier. The bank has a market capitalisation of £46.5m. In March, the bank launched a new office in the Midlands, led by M&A banker Darren Boocock. Cavendish has rejected a take over approach for two of its key dealmaking units that would have triggered a breakup of the City investment bank if it had accepted. London-listed Cavendish confirmed in a stock market statement that it had 'received interest' in its private M&A and debit advisory businesses. However, it did not identify the firm or firms that made the approach. Sky News earlier reported that private equity-backed professional services firm S&W (formerly part of Evelyn Partners, now fully independent positioning itself as a leader in the accountancy mid-market) had made an offer in recent weeks for Cavendish's M&A arm. Shares is Cavendish jumped as much as 24 per cent to their highest level in almost a year following the report. It did not disclose the financial terms of any approach. These gains were pared down once the bank said it had rejected an approach. Cavendish's shares were still up more than 7 per cent at 12p at the time of publication. S&W was spun off from Evelyn Partners earlier this year after being acquired by private equity giant Apax. Apax declined to comment on its reported interest in Cavendish. S&W could not be reached for comment. Like rivals Peel Hunt and Panmure Liberum, Cavendish has felt the squeeze from a downturn in IPO activity and a shrinking pool of London-listed firms in the last few years and it put 10 jobs at risk. 'The group's strategy is to focus on growing and evolving as a full service, fully integrated, small and mid-cap investment bank with the potential for adding additional business offerings rather than reducing them,' Cavendish said in a statement. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
IOL News
26-06-2025
- Politics
- IOL News
City's grand eviction plan yet to be set in motion
City of Cape Town and government counterparts face criticism over delayed eviction orders for Wingfield Refugee Tent occupants. Image: Ayanda Ndamane/Independent Newspapers Residents are holding the City to account for their promise to submit an eviction order for foreign nationals occupying the Wingfield and Paint City tents in Ysterplaat and Bellville, despite no application lodged a week after the City's grand announcement. The City and national government last week said they were jointly seeking a High Court eviction order for the foreign nationals occupying the sites - a move criticized by housing rights activists Ndifuna Ukwazi. Ward 56 councillor in Kensington, Cheslyn Steenberg, said they were awaiting the eviction. 'I want to inform residents that contrary to recent statements made by the mayor, and the minister of Home Affairs and Minister of Public Works, we have not received a draft copy of the eviction order made to the Western Cape High Court regarding the Wingfield refugee tent occupants. To date, no legal action has been taken. 'You may recall my message to the residents on June 19, 2025, regarding the videos where the mayor and ministers of Home Affairs and Public Works made a commitment on June 18 to the community, that they were going to submit an application for eviction of the refugees on that very same day. 'On June 23 I checked online, and there was no submission of the eviction order as promised. "These applications are usually submitted online, so it should show on the online court system. 'We need to hold the mayor accountable and we need proof of them submitting the application. "We are tired of the DA-led City of Cape Town making empty promises to the residents of Ward 56. "For too long we have been getting the short end of the stick when it comes to service delivery and the City of Cape Town imposing plans without proper public participation. We will not tolerate this behaviour any longer.' Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad Loading The City in response to Steenberg's remarks said they have yet to submit the application. 'The City and national government are seeking a court order to serve eviction notices, which, once granted, will lead to a final eviction order. The application is ready for submission soon and is currently being circulated for signature.' Kensington Factreton Residents and Ratepayers Association (KFRRA) member, Leslie Swartz, said they have yet to see the commitment come to fore. 'During a recent meeting with the Mayor, Geordin Hill-Lewis, he announced that with the support of the minister of Home Affairs and the minister of Public Works, an application for eviction has been made. We welcomed the announcement but will not be holding our breath as the mayor and the minister of home affairs are both on record having stated the same process some months ago and nothing has changed. 'Our community had absolutely no say in this relocation matter as the rights of all citizens are suspended during a disaster. "The white tent has descended into a state of decay with several structures now being erected around the tent and has also become an environmental disaster with waste beginning to pile up." More than 160 occupants remain at the Wingfield site. Image: Ayanda Ndamane/Independent Newspapers The City previously said the foreign nationals were initially moved to the sites under Covid-19 lockdown regulations after being evicted from Green Market Square and the Central Methodist Church. They had cited xenophobia fears and demanded relocation to Europe or Canada, which the City deemed impossible. Around 160 occupants remain at the Wingfield site and approximately 200 at the City-owned Paint City site. Get your news on the go, click here to join the Cape Argus News WhatsApp channel. Cape Argus
