Latest news with #suburban
Yahoo
an hour ago
- Business
- Yahoo
Italian restaurant chain Gusto to be acquired by Cherry Equity
Italian restaurant chain Gusto will be acquired out of pre-pack administration by Cherry Equity Partners, resulting in the closure of six of its 13 restaurants and 190 job losses. The investment company, led by hospitality veterans Ed Standring and Jamie Barber, will purchase seven locations, preserving more than 300 jobs, The Caterer has reported. The closures will primarily affect smaller suburban restaurants, which administrator Interpath Advisory describes as 'economically unviable due to continuing cost headwinds affecting the sector.' Interpath Advisory UK chief executive Will Wright was quoted by The Caterer: 'Although these continue to be challenging times for hospitality operators, we are pleased to advise on this transaction, which will safeguard the future of a fantastic brand which has been serving customers across cities and suburbs for over 20 years.' This acquisition marks Cherry Equity Partners' third deal in 2025, following the buyouts of Latin American restaurant group Cabana in January and French-themed chain Bistrot Pierre in March. Founded in 2005 by Jeremy Roberts and the late Tim Bacon of Living Ventures Group, Gusto received significant backing from private equity firm Palatine in 2014 to fuel expansion. The chain faced challenges during the pandemic and entered voluntary arrangement in 2020, which saved more than 600 jobs but led to the closure of four sites. In 2024, Gusto also closed its Didsbury restaurant after high street retailer Oliver Bonas took over the site. Gusto chief executive Paul Moran was quoted by The Caterer: 'We are profoundly sorry to see six of our restaurants close and are tremendously grateful for the support of our staff and our loyal customers at these locations over the years.' The divestiture has secured the future of the business and provided a stable platform for the company to grow. "Italian restaurant chain Gusto to be acquired by Cherry Equity" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Forbes
a day ago
- Business
- Forbes
Will Upcoming Earnings Move Comcast?
CHINA - 2025/06/22: In this photo illustration, the logo of Comcast Corporation is displayed on the ... More screen of a smartphone. (Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images) Comcast (NASDAQ:CMCSA) is scheduled to announce its earnings on Thursday, July 31, 2025. In the last quarter, Comcast experienced a net loss of 199,000 broadband subscribers – its most significant quarterly decrease ever – attributed to increasing competition from telecom companies such as T-Mobile, which are rapidly expanding their fixed wireless broadband services. Will these challenges likely continue into Q2? It certainly appears so. T-Mobile, previously recognized mainly for mobile services, has established itself as a formidable broadband competitor through its Fixed Wireless Access (FWA) offering, aimed at suburban and rural areas that receive inadequate service from cable providers. In Q2, the company reported a 12% year-over-year rise in 5G broadband net additions, reaching 454,000. Concurrently, Charter Communications, a prominent cable provider, lost 117,000 broadband subscribers in Q2, failing to meet analyst projections. This indicates that Comcast may also encounter ongoing challenges. Overall, according to consensus estimates, earnings for the quarter are anticipated to be around $1.18 per share, reflecting a decline of approximately 3% year-over-year, while revenues are expected to remain relatively unchanged at $29.8 billion. The company has a current market capitalization of $127 billion. The revenue over the past twelve months was $124 billion, and it was operationally profitable with $23 billion in operating income and a net income of $16 billion. While much will hinge on how the results compare to consensus expectations, grasping historical trends could potentially tip the odds in your favor if you are an event-driven trader. There are two approaches to achieve this: understand the historical probabilities and prepare yourself before the earnings announcement, or examine the association between immediate and medium-term returns following earnings and position yourself accordingly after the results are released. If you are looking for growth with less volatility than individual stocks, the Trefis High Quality portfolio offers an alternative – it has outperformed the S&P 500 and achieved returns exceeding 91% since its inception. Check the earnings reaction history of all stocks Comcast's Historical Chances Of A Positive Post-Earnings Return Here are some insights on one-day (1D) post-earnings returns: Additional data for observed 5-Day (5D) and 21-Day (21D) returns following earnings are consolidated along with the statistics in the table below. CMCSA 1D, 5D, and 21D Post Earnings Return Correlation Between 1D, 5D and 21D Historical Returns A relatively less risky approach (though not effective if the correlation is weak) is to analyze the correlation between short-term and medium-term returns after earnings, identify a pair with the highest correlation, and execute the suitable trade. For instance, if 1D and 5D demonstrate the highest correlation, a trader can position themselves "long" for the next 5 days if the 1D post-earnings return is positive. Here is some correlation data based on 5-year and 3-year (more recent) history. Note that the correlation labeled 1D_5D refers to the association between 1D post-earnings returns and subsequent 5D returns. CMCSA Correlation Between 1D, 5D and 21D Historical Returns Discover more about Trefis RV strategy that has outperformed its all-cap stocks benchmark (a combination of all 3, the S&P 500, S&P mid-cap, and Russell 2000), generating robust returns for investors. Additionally, if you seek growth with a smoother experience than an individual stock like Comcast, consider the High Quality portfolio, which has outperformed the S&P and has recorded >91% returns since its inception.
Washington Post
2 days ago
- Entertainment
- Washington Post
Tom Lehrer was the face of the real 1950s
There never was a time like the 1950s — not even during the 1950s. Not if you have in mind the decade of conformity, of moms in pearls and churchgoing families, of patriotic youth and apple pies cooling on the sills of tidy new suburban homes. The '50s were a time of protest, division and disillusionment. Tom Lehrer set it to bouncy music and satirical lyrics.
CNA
5 days ago
- Business
- CNA
Charter loses more broadband customers in Q2 as competition heats up
Charter Communications reported a higher-than-expected broadband subscriber loss in the second quarter on Friday, as the cable giant grappled with competition from wireless carriers that are bundling high-speed internet services with 5G mobile plans. Shares of the company fell more than 12 per cent in early trading. Charter's internet customers decreased by 117,000 in the April-June period, compared with a 60,000 loss in the prior quarter. Analysts had expected it to shed 73,240 customers, according to Visible Alpha. Traditional telecom carriers such as AT&T and Verizon are rapidly building out their fiber networks to package internet with wireless plans at a discount, which is appealing to high-value customers in urban and suburban markets. AT&T has been aggressively expanding its fiber build and aims to reach more than 60 million fiber locations by the end of 2030, powered by the acquisition of Lumen's mass markets fiber business. Charter added 500,000 mobile lines, compared with expectations for a rise of 538,450 customers. Rival Comcast is expected to report a quarterly decrease of 255,000 broadband customers, when it discloses the results on Thursday, according to FactSet data. In May, Charter had agreed to acquire privately held rival Cox Communications for $21.9 billion. The deal would position Charter as the largest cable TV and broadband provider in the U.S., with around 38 million subscribers, surpassing the current market leader, Comcast. Earlier this week, Charter and Comcast announced a multi-year agreement to establish a mobile virtual network operator that will use T-Mobile's 5G network to serve wireless business customers, with a commercial launch set for 2026. Charter's second-quarter revenue came in at $13.77 billion, in line with analysts' average estimate of $13.76 billion, according to data compiled by LSEG.
The Guardian
6 days ago
- Entertainment
- The Guardian
Summer of Our Discontent by Thomas Chatterton Williams review – the liberal who hates leftists
Thomas Chatterton Williams, a public intellectual of some standing in the US, dislikes the Trumpian right for its erratic authoritarianism. But he dislikes its hysterical leftwing critics too – arguably with more vehemence. He takes great pride in having no truck with tribes, but he does belong to one: like halitosis, as Terry Eagleton quipped, ideology appears to be only what the other person has. Williams may think he is a freethinker above the fray, but he has a creed – and it is liberal complacency. His 2010 debut memoir Losing My Cool was the story of – as the subtitle had it – Love, Literature and a Black Man's Escape from the Crowd. Rap, he declared, was not so much a genre as a subculture, seducing young black men into a world of crime. That, apparently, would have been Williams's fate (when he physically attacks his girlfriend, for instance, hip-hop lyrics shoulder the blame) had it not been for Pappy, his disciplinarian father, who foisted 15,000 books on him. The classics beat crime in the end, and we leave Williams on his happy road to intellectualdom, absorbing Sartre in Parisian cafes. But it wasn't enough for him to merely present his own story; Williams elected to hold up his life as an example for black Americans. 'See, you can be just like me' is the breathless gist of Losing My Cool. It never struck him that he might have had certain class advantages – a father with a PhD in sociology; a mixed-race heritage; an upbringing in white, bourgeois, suburban New Jersey – that make him somewhat unrepresentative as a role model. Self-Portrait in Black and White: Unlearning Race, Williams's second memoir, published just before the pandemic, served up more hyper-agentic advice. The springboard for these post-racial reflections was the birth of his daughter. Bearing, as babies tend to do, a resemblance to her mother, who is white and French, Williams's child is blond. It follows that there is an arbitrariness to the whole business of race, from which Williams swiftly emancipates himself. Then comes the counsel: black Americans would do well to follow in his footsteps by 'transcending' race themselves. Conceding that this may be an easier proposition for him and his white-passing daughter, he exhorts mixed-race people to 'form an avant garde when it comes to rejecting race'. Williams's grand subject being himself, now we have a third memoir. Summer of Our Discontent takes a caustic look at Black Lives Matter from the lofty vantage point of his Parisian garret. At the outset, he tells us that the self-preening, race-mad identity politics of left-leaning liberals has fostered atomisation and precluded solidarity. As a consequence, the illiberal, unhinged right, now united behind Trump, has stolen a march on them. But from this not unreasonable edifice, Williams throws up a enormous scaffolding of enemies, which comes to encompass anyone and everyone engaging in some form or another of collective action. Ultimately, by the end, it appears that Williams's beef is not so much with Trump as with his leftwing critics. This is a strange, muddled book. On the one hand, Williams emphasises the primacy of class over race in the US. George Floyd, he says, was not your average African American: he was poor, unemployed, and had a criminal record. Horrific as his killing by a white policeman was, it was unduly racialised by BLM. Fewer than 25 unarmed black civilians are killed by police annually. Most black people will never find themselves in Floyd's shoes, Williams contends. While class is important for Williams, class politics isn't. There is only so much that initiatives to lift the poor from poverty can achieve, we are told, because 'the fundamental political unit, going back to Aristotle, remains the family'. The left has got it all wrong, obsessing over the 'macro level' when real change apparently happens at the individual level. Williams's strategy is to cherrypick the most ludicrous examples of 'Trump Derangement Syndrome' to smear the entire left. Sympathy from a few celebrities for the actor Jussie Smollett – who was accused of faking a hate-crime against himself, which he denied – is taken as evidence of the left's crumbling 'moral authority and credibility'. BLM, he claims, was driven by 'an ascendant raider class' of middle-class and not always black activists seizing institutional power – such as when a 'multi-ethnic mob of junior employees' ousted New York Times opinion editor James Bennet for publishing Senator Tom Cotton's call to deploy troops against BLM protests. Williams's other objections appear to be mostly aesthetic. He expends much energy pillorying the performative activism of such BLM 'allies' as 'the official Twitter account of the wildly popular British children's cartoon Peppa Pig', which tweeted a black square in solidarity. Later, visiting BLM-ravaged Portland, he mourns that 'a beloved statue of an elk has been toppled'. This in a town with a 'well-deserved reputation' for 'exquisite gastronomy'. Quelle horreur. He concludes by suggesting that the left and right are just as odious as one another. The storming of the Capitol in 2021, he says, had a mimetic quality, the populist right 'aping' the 'flamboyant reflex' of the unruly left. With such invidious comparisons, and with such a dim view of collective action, Williams is unable to make the case as to how precisely his homeland is to move towards a post-racial utopia. Excelling in sending up bien-pensant opinion, he has no answers. Fixated on slagging off the left, he has marooned himself on an island of vacuity. So when he articulates a positive vision of the future, all he offers are new age nostrums such as 'reinvestment in lived community' and 'truth, excellence, plain-old unqualified justice'. His plea for perspective is similarly misplaced. Young black Americans, Williams whinges, have been seduced by the race pessimism of the likes of Ta-Nehisi Coates, his more popular nemesis. He enjoins us to look on the bright side: the racial wage gap is closing; black school attainment rates are nearing white levels. Williams's Panglossian outlook is, I suspect, a form of American parochialism. His homeland, he says, is a 'society that is frankly more democratic, multi-ethnic, and egalitarian than any other in recorded history'. The Gini coefficient and Democracy Index beg to differ. There are eminently sensible reasons for race pessimism in America. Segregation and ghettoisation are facts of life. The wage gap between black and white people is still a staggering 21% (in Britain, it's under 6%). White Americans live three-and-a-half years longer than black Americans on average (black Britons outlive white Britons). Collectively, it was not the complacent optimists (who declared we had never had it so good) but rather the do-gooding pessimists (that demanded change at the dreaded 'macro level') who overthrew slavery and fought for civil rights. Individually, too, pessimism pays. For someone who sets great store by personal agency, Williams will no doubt appreciate Billy Wilder's melancholy observation – occasioned by losing three relatives at Auschwitz – that 'the optimists died in the gas chambers; the pessimists have pools in Beverly Hills'. Summer of Our Discontent: The Age of Certainty and the Demise of Discourse by Thomas Chatterton Williams is published by Constable (£25). To support the Guardian, order your copy at Delivery charges may apply.
