Latest news with #ULS
ITV News
4 days ago
- ITV News
Drug dealer who caused Newcastle house blast which killed two people to have sentence reviewed
A drug dealer who caused an explosion which killed two people in Newcastle is to have his sentence reviewed. Reece Galbraith caused the blast at Violet Close in Benwell in the early hours of 16 October 2024 while making cannabis gummy sweets. He and his friend Jason 'Jay' Laws were using a Newcastle flat as a drugs lab when the explosion ripped through the building, killing both laws and seven-year-old Archie York who was sleeping in the flat above. Galbraith, of Rectory Road in Gateshead, pleaded guilty to two counts of manslaughter as well as possessing and supplying cannabis. The Attorney General's Office has confirmed that a request has been received to review Galbraith's sentence under the Unduly Lenient Sentence (ULS) scheme, adding that a decision will be made "in due course." What is the Unduly Lenient Sentence Scheme? Under the scheme, anyone - including those not involved in the case - can ask for a sentence to be reviewed. The Law Officers will then have 28 days to consider the sentence and refer it to the Court of Appeal if they agree it was unduly lenient. In this scenario, the Court of Appeal will make a final decision on whether a sentence should be increased. The blast at Violet Close destroyed six of the 12 flats in the block. It was followed by a 'fierce fire' that caused such extensive damage to the whole block that it has since been demolished. Police investigating the explosion discovered that the flat operated by Galbraith and Laws was used as a 'drugs lab' to produce cannabis concentrates, known as "shatter" or "butane honey oil," in a highly dangerous process. Galbraith suffered extensive burns and was placed in an induced coma following the blast. Bodyworn from Northumbria Police shows the moment Reece Galbraith is arrested Jailing Galbraith, the judge, Mr Justice Cotter, said: "Archie York was just a seven-year-old with a wonderful and exciting life ahead of him. "His parents have so movingly explained, their world was shattered on October 16 when their flat was blown apart and they woke up buried under the rubble, dazed, bleeding and terrified to realise their precious son had been lost." He went on to say: "Violet Close was a close-knit, multi-racial community with many families that was literally blown apart as a result of your illegal activities in their midst, regardless of the clear risks to others."
Yahoo
7 days ago
- Business
- Yahoo
3 High-Flying Stocks in Hot Water
Expensive stocks typically earn their valuations through superior growth rates that other companies simply can't match. The flip side though is that these lofty expectations make them particularly susceptible to drawdowns when market sentiment shifts. Finding the right balance between price and quality can challenge even the most skilled investors. Luckily for you, we started StockStory to help you identify the real opportunities. That said, here are three high-flying stocks where the price is not right and some other investments you should look into instead. Forward P/E Ratio: 51.2x The result of a spinoff from Sanken in Japan, Allegro MicroSystems (NASDAQ:ALGM) is a designer of power management chips and distance sensors used in electric vehicles and data centers. Why Do We Steer Clear of ALGM? Annual sales declines of 13.7% for the past two years show its products and services struggled to connect with the market during this cycle Falling earnings per share over the last four years has some investors worried as stock prices ultimately follow EPS over the long term Free cash flow margin dropped by 10.5 percentage points over the last five years, implying the company became more capital intensive as competition picked up Allegro MicroSystems is trading at $25.05 per share, or 51.2x forward P/E. To fully understand why you should be careful with ALGM, check out our full research report (it's free). Forward P/E Ratio: 40.1x Focused on the future of autonomous military combat, AeroVironment (NASDAQ:AVAV) specializes in advanced unmanned aircraft systems and electric vehicle charging solutions. Why Are We Cautious About AVAV? Expenses have increased as a percentage of revenue over the last five years as its operating margin fell by 7.5 percentage points Capital intensity has ramped up over the last five years as its free cash flow margin decreased by 24.6 percentage points Waning returns on capital from an already weak starting point displays the inefficacy of management's past and current investment decisions AeroVironment's stock price of $181.01 implies a valuation ratio of 40.1x forward P/E. Check out our free in-depth research report to learn more about why AVAV doesn't pass our bar. Forward P/E Ratio: 41.1x Founded in 1894 as a response to the growing dangers of electricity in American homes and businesses, UL Solutions (NYSE:ULS) provides testing, inspection, and certification services that help companies ensure their products meet safety, security, and sustainability standards. Why Do We Think Twice About ULS? 4.3% annual revenue growth over the last three years was slower than its business services peers At $71.82 per share, UL Solutions trades at 41.1x forward P/E. Read our free research report to see why you should think twice about including ULS in your portfolio, it's free. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today for free.
Evening Standard
25-04-2025
- Evening Standard
Crime victims 'have less rights than offenders in courts system', says victims' commissioner
She learned about the ULS scheme from Ms Waxman exactly 28 days after the sentencing hearing, and quickly submitted an appeal to the Attorney General's office. But it was turned down for arriving at 8.40pm – said to be too late because it was outside usual office hours.
Business Insider
21-04-2025
- Business
- Business Insider
UL Solutions announces enhancements to testing methods for BESS
UL Solutions (ULS) has announced enhancements to the testing methods for battery energy storage systems, BESS. The new testing methods address industry innovations, including test methods for non-lithium-ion battery chemistries, such as sodium-ion batteries, that reflect the evolution of battery technology while continuing to address fire risk mitigation. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener.
Yahoo
05-04-2025
- Business
- Yahoo
UL Solutions Inc.'s (NYSE:ULS) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Most readers would already be aware that UL Solutions' (NYSE:ULS) stock increased significantly by 10% over the past three months. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Particularly, we will be paying attention to UL Solutions' ROE today. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for UL Solutions is: 37% = US$345m ÷ US$931m (Based on the trailing twelve months to December 2024). The 'return' refers to a company's earnings over the last year. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.37 in profit. View our latest analysis for UL Solutions We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics. To begin with, UL Solutions has a pretty high ROE which is interesting. Additionally, the company's ROE is higher compared to the industry average of 20% which is quite remarkable. Despite this, UL Solutions' five year net income growth was quite low averaging at only 4.8%. This is generally not the case as when a company has a high rate of return it should usually also have a high earnings growth rate. We reckon that a low growth, when returns are quite high could be the result of certain circumstances like low earnings retention or or poor allocation of capital. We then compared UL Solutions' net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 10% in the same 5-year period, which is a bit concerning. Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. Has the market priced in the future outlook for ULS? You can find out in our latest intrinsic value infographic research report. While UL Solutions has a decent three-year median payout ratio of 29% (or a retention ratio of 71%), it has seen very little growth in earnings. So there could be some other explanation in that regard. For instance, the company's business may be deteriorating. In addition, UL Solutions only recently started paying a dividend so the management must have decided the shareholders prefer dividends over earnings growth. Based on the latest analysts' estimates, we found that the company's future payout ratio over the next three years is expected to hold steady at 26%. However, UL Solutions' future ROE is expected to decline to 26% despite there being not much change anticipated in the company's payout ratio. In total, it does look like UL Solutions has some positive aspects to its business. Yet, the low earnings growth is a bit concerning, especially given that the company has a high rate of return and is reinvesting ma huge portion of its profits. By the looks of it, there could be some other factors, not necessarily in control of the business, that's preventing growth. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
