Latest News from Defense Arabia
Yahoo
26 minutes ago
- Entertainment
- Yahoo
Gloucestershire Young Musician of the Year 2024 to perform in Stroud
GLOUCESTERSHIRE'S Young Musician of the Year 2024 is performing in a Woodchester church. Violinist James Li will play Mozart's Violin Concerto No 1 alongside the Capriol Chamber Orchestra at the concert on Saturday, June 7. The concert will feature additional Schubert and Mendelssohn pieces, with Jonathan Trim as the conductor, and orchestra leader Natasha Bowen-Jones. The event will take place at St Mary's Church, North Woodchester, at 7.30pm. Tickets are £14 with reduced fees for pre-purchased tickets and eligible concessions. They are available from the Sub Rooms and the Capriol Orchestra website.
Yahoo
26 minutes ago
- General
- Yahoo
'Heavy': firie sentenced over crash that injured crew
After losing his licence over a fire truck crash that injured five of his colleagues, volunteer firefighter Paul Larnach would ride his bicycle 11km to the station to join emergency call-outs. Almost two years after the crash, in which the NSW Rural Fire Service truck he was driving landed on its roof near Bathurst, Larnach has been re-elected the deputy captain of his brigade. These are the "extraordinary" circumstances the 53-year-old faced, having pleaded guilty to one count of negligent driving occasioning grievous bodily harm, Larnach's barrister Rebecca McMahon told a magistrate on Thursday. "The heavy, heavy weight ... has been enormous," Ms McMahon told Bathurst Local Court. Larnach was driving Eglinton brigade members to a grass fire at White Rock, about 6km south of Bathurst in central-western NSW, on September 30, 2023, when he lost control of the truck on a bend. The vehicle veered off the road and into a culvert, landing upside-down and trapping all six firefighters. Two of the volunteers suffered serious injuries requiring several surgeries, another was left with facial wounds, while Larnach and two other firefighters suffered minor injuries. He pleaded guilty to the single negligent driving charge, admitting he should have slowed down to better navigate the sharp bend. More serious dangerous driving charges were dropped, with the court told Larnach was abiding by the 80km/h speed limit at the time of the crash. Ms McMahon said several victims wrote letters of support for him. "The incident has had a serious impact on him," she said. "He's shown accountability in every way by engaging with the victims, checking in on them constantly, doing what he can in terms of therapy for himself." The incident was an outlier example of negligent driving, which was usually characterised by selfish driving behaviour like speeding, Ms McMahon said. Larnach was instead "rushing off to a fire". Ms McMahon argued that no conviction should be recorded, in part because Larnach had long shown a "deep commitment" to helping his community. But magistrate Gemma Slack-Smith convicted Larnach, sentencing him to an 18-month community corrections order and disqualifying him from driving. "He acknowledged that whilst he was driving at the speed limit, he should have slowed further while going around the bend," Ms Slack-Smith said. "Given the nature of the injuries to the victims in this matter, it warrants a conviction." Larnach was disqualified from driving for the minimum 12-month period, taking into account a nine-week suspension immediately after the crash. "I note his contrition and remorse," the magistrate said. Larnach was supported in court by his family and several members of the Eglinton brigade, one of whom wept. They did not speak to media as they left the court house.
Yahoo
27 minutes ago
- Business
- Yahoo
South Korea's trade surplus with U.S. will shrink, exporters say
SEOUL (Reuters) -South Korea's record-high trade surpluses with the United States will gradually narrow as companies continue to invest in the U.S. market, the country's biggest exporter group said on Thursday. "There is a high possibility of trade imbalances between South Korea and the United States gradually easing on continued and prolonged investments in the country," Korea International Trade Association (KITA) said in a report. In 2024, 46.8% of U.S. imports from South Korea were intermediate goods shipped to the country for direct investments, according to KITA. South Korea earned a surplus of $55.6 billion from trade with the U.S. in 2024, up 25% from 2023 and a record high, led by rising car exports, according to Korea Customs Service data. Seoul has been engaging with Washington since they agreed in mid-April to craft a trade package lowering tariffs by July 8. In the latest working-level discussion last week, Washington demanded that Seoul resolve the large trade imbalance between the two countries, according to local media reports. KITA said South Korea's rising trade surpluses did not result from unfair trade practices. Of the increase of $36.9 billion in the last three years, $27.7 billion was related to substitutions of Chinese products within U.S. supply chains, increases in U.S. demand and structural changes in U.S. imports, the business group said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27 minutes ago
- Business
- Yahoo
Here is Why New Fortress Energy (NFE) Fell This Week
The share price of New Fortress Energy Inc. (NASDAQ:NFE) fell by 8.82% between May 20 and May 27, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let's shed some light on the development. A cutaway view of a modern energy infrastructure and its power generation facilities. New Fortress Energy Inc. (NASDAQ:NFE) owns and operates natural gas and LNG infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. New Fortress Energy Inc. (NASDAQ:NFE) continues to plunge after posting a wide earnings miss in its Q1 2025 earlier this month, struggling with weak performance across all its segments. The company's loss of $0.73 per share was significantly worse than market expectations, while its revenue also declined by over 31% YoY and fell below estimates. Investors also reacted negatively when it was revealed this week that the company has been disqualified from an auction held by the Puerto Rican government to secure temporary power generation. However, the latest blow for New Fortress Energy Inc. (NASDAQ:NFE) has come in the form of a notice it received from NASDAQ on non-compliance with the stock market's listing rule for not submitting its quarterly reports with the U.S. Securities and Exchange Commission. While we acknowledge the potential of NFE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NFE and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None.
Economic Times
27 minutes ago
- Business
- Economic Times
Smallcap mania is back. But do Q4 earnings really justify the multibagger hype?
A blistering rally in smallcap stocks is reigniting investor dreams of overnight riches but the numbers are telling a far more complicated story. With the BSE Smallcap Index up nearly 10% in one month, retail participation is surging, echoing the speculative fervor of the last bull market that climaxed in September 2024. And the excitement isn't just index-level: in the last one month, a staggering 69 smallcap stocks have delivered over 30% returns. Among the biggest gainers, Suven Life Sciences surged 83%, while GRSE, Timex, IFCI, Nelcast, and HLE Glascoat all rallied at least 50%. ADVERTISEMENT But while prices soar, fundamentals remain shaky and earnings aren't keeping pace with the hype. 'Indian smallcaps and midcaps seem to have outperformed largecaps in Q4 FY25, but the numbers tell a different story,' said Akshay Badjate, Fund Manager at Merisis PMS. 'Our analysis of the top 750 listed companies shows smallcaps lagging in profit growth, with a median PBT growth of just 4% compared to 11% for the top 250 largecaps. Many smallcaps even posted flat or negative growth, undermining the narrative of a broad-based rally.' Despite the tepid performance on the bottom line, investor appetite has remained insatiable. The Nifty Smallcap 250 has rallied 9% in the last two months, triple the 3% rise seen in the Nifty 50. Badjate attributes this surge to 'liquidity, retail enthusiasm, and domestic growth optimism,' but warns that the disconnect between price and performance may not be sustainable.'Our view at Merisis Advisors is cautious,' he said. 'While select smallcaps with strong fundamentals remain appealing, the segment risks a correction if earnings don't align with valuations. We're trimming smallcap exposure and leaning into largecaps and large midcaps, where we see better operational momentum and value.' Also read | Rs 7 lakh crore boom in just 10 days! Is the smallcap stocks party getting out of hand? ADVERTISEMENT Q4 did deliver a few bright spots for the broader market. 'The Nifty Midcap 150 reported 15% YoY profit growth and the Smallcap 250 delivered 12%. Margin performance was largely stable in midcaps, though smallcaps saw some pressure,' said Krishna Appala, Fund Manager at Capitalmind Appala also flagged that the earnings catch-up story has its limits. 'Valuations remain stretched — midcaps trade at 34x and smallcaps at 32x trailing earnings, well above the 22x seen in largecaps. The divergence between earnings and valuations in the broader market calls for greater selectivity.' ADVERTISEMENT He further added that while largecaps may appear sluggish, they now offer a better risk-reward profile. 'Despite the sharp upmove recently, largecaps currently offer a better balance of earnings visibility and valuation comfort on a forward-looking basis. The environment today rewards fundamentals and discipline over broad-based exposure — especially when mid and smallcap multiples leave little room for error.'Still, not all fund managers are ready to write off smallcaps just yet. Vaibhav Chugh, Director and Head of Sales at Whiteoak Capital AMC, sees rich opportunity in the chaos — provided investors pick wisely. ADVERTISEMENT 'Yes, the result season started slow but as it progressed, midcaps and smallcaps have surprised on growth trajectory as well as upgrades to downgrades statistics,' Chugh said. 'We continue to be overweight small caps. We find relatively high alpha opportunities due to the heterogeneity of business models, sectors and sub-sectors in the smallcap space — which is the ideal setup for bottom-up stock pickers.' With nearly 70 smallcap names delivering eye-popping returns in a matter of weeks, the lure of the next multibagger is proving hard to resist. But experts caution that investors need to tread carefully — the fundamentals are not as broad-based as the rally suggests, and elevated valuations leave little room for disappointment. The smallcap story is far from over, but chasing momentum without earnings to back it could lead to painful lessons. Also read | Sensex soars 10,000 points from April lows. But India Inc's Q4 numbers expose cracks in market rally (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
