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Jobs could be at risk in the beleaguered British steel industry after Donald Trump slapped a 25% tax on US imports. Business Secretary Jonathan Reynolds said the global tariffs on steel and aluminium imports were “disappointing” but the UK was not retaliating – unlike the European Union which immediately responded with countermeasures on US goods. Ministers insisted they were taking a pragmatic approach and avoiding knee-jerk reactions after last-ditch efforts to persuade the US president to grant an exemption for the UK failed. The Government said around 5% of UK steel exports and 6% of aluminium exports by volume go…
Kohl’s quarterly sales fell 9.4%. – David Paul Morris/Bloomberg News Kohl’s cut its dividend and projected a larger-than-expected sales decline for fiscal 2025, weighing on shares. Shares fell 24% Tuesday. Ahead of Monday’s market close, the stock was down 14% year to date. The department-store chain, which is under a new chief executive, joins a growing list of companies that are warning of a slowdown in spending from American households this year as recession fears mount. Kohl’s expects 2025 sales to fall 5% to 7% on a reported basis and 4% to 6% on a comparable basis, the latter of…
Professional services network Forvis Mazars has appointed Lisa Pennington as an accounting and outsourcing partner in its UK Healthcare and Life Sciences team. With two decades of experience in the healthcare finance sector, Pennington will be based in the company’s Manchester office. She joined Forvis Mazars in 2023 and has supported and developed year-end compliance and advisory services for medical clients. These range from federations and primary care networks to general practitioners (GP) and GP practices. Her work has also involved delivering coordinated accounting, taxation, and advisory services to healthcare professionals and advising clients on business strategies, such as setup…
(Bloomberg) — Supply Lines is a daily newsletter that tracks global trade. Sign up here. Most Read from Bloomberg President Donald Trump dialed back his latest trade-war threat against Canada hours after making it, while downplaying the risk of a tariff-led recession that’s sent US markets into a nosedive. Trump’s roller-coaster day saw him threaten to double duties on Canadian steel and aluminum to 50% after Ontario announced plans to place a surcharge on electricity sent to the US, only to retreat back to plans for his previously announced 25% rate after the provincial government backed down. The episode rattled…
Manchester United Football Club have revealed plans to construct a new £2bn ($2.58bn) stadium, which is expected to serve as a catalyst for the regeneration of the Old Trafford area, aligning with the UK government’s growth strategy. The proposed 100,000-seat stadium is part of a larger project that could add £7.3bn per year to the UK economy. Manchester United co-owner Sir Jim Ratcliffe stated that the new stadium will be built next to the existing site to “preserve the essence of Old Trafford”. The development is projected to bring social and economic benefits, potentially creating 92,000 new jobs and more…
Source: TradingView.com Supermicro shares are likely to remain in the spotlight after surging 11% Tuesday as investors sought buying opportunities in leading AI stocks after a dramatic sell-off. The stock broke out from a pennant pattern in Tuesday’s trading session on the highest volume in a week, potentially setting the stage for further gains. Investors should monitor key overhead areas on Supermicro’s chart near $48, $63, and $75, while also eyeing crucial support levels near $38 and $26. Super Micro Computer (SMCI) shares are likely to remain in the spotlight after surging 11% Tuesday as investors sought buying opportunities in…
(Bloomberg) — Singapore’s top trade official warned that a barrage of actions from the US and other countries risks undermining global economic growth, in some of the strongest public comments underscoring concerns in the trade-reliant nation. Most Read from Bloomberg “Many of us here in Asia watch with anxiety President Donald Trump’s tariffs on the US’ three largest trading partners, and his plans for more,” Deputy Prime Minister Gan Kim Yong said Wednesday at CNBC’s Converge Live in Singapore. Even if not all of Asia is directly affected, the impact of rising tariffs and trade wars could cause major disruptions…
We recently compiled a list of the 12 Stocks Under $10 With High Upside Potential. In this article, we are going to take a look at where Alight, Inc. (NYSE:ALIT) stands against the other stocks under $10 with high upside potential. Small-cap stocks in the U.S. have suffered as the broader market is under pressure due to the ongoing tariff policy transition. The Russell 2000 small cap index fell over 15% from its November 2024 highs as of March 7. It has dropped by almost 9% year-to-date. In comparison, the S&P 500 index, which tracks large-cap stocks, has plunged over 3.50%…
Financial & Operating Highlights Three months ended December 31, Twelve months ended December 31, Financial ($000’s except per share amounts) 2024 2023 %change 2024 2023 %change Sales revenue 47,480 55,914 (15 ) 197,149 225,149 (12 ) Net income 3,626 3,440 5 5,144 15,819 (67 ) Basic ($/share) 0.06 0.06 – 0.08 0.26 (69 ) Diluted ($/share) 0.06 0.05 20 0.08 0.24 (67 ) Adjusted Funds Flow(1) 10,951 18,376 (40 ) 51,730 66,140 (22 ) Basic ($/share) 0.17 0.30 (43 ) 0.83 1.10 (25 ) Diluted ($/share) 0.17 0.27 (37 ) 0.82 1.00 (18 ) Cash flow provided by…
We recently compiled a list of the 12 Stocks Under $10 With High Upside Potential. In this article, we are going to take a look at where VinFast Auto Ltd. (NYSE:VFS) stands against the other stocks under $10 with high upside potential. Small-cap stocks in the U.S. have suffered as the broader market is under pressure due to the ongoing tariff policy transition. The Russell 2000 small cap index fell over 15% from its November 2024 highs as of March 7. It has dropped by almost 9% year-to-date. In comparison, the S&P 500 index, which tracks large-cap stocks, has plunged over…