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UK house prices remained broadly steady in February, dipping 0.1% month-on-month to £298,602 and maintaining a steady annual growth. In January, Halifax’s (LLOY.L) monthly house price index (HPI) reported annual house prices had hit £298,815. “February’s figures highlight the delicate balance within the UK housing market. While there’s been talk of a last minute rush on new mortgages ahead of the changes to stamp duty, inevitably we’ve seen some of the demand that was brought forward start to fade as the April deadline ticks closer, given the time needed to complete a purchase,” said Amanda Bryden, head of mortgages at…
(Bloomberg) — Shares of Hewlett Packard Enterprise Co. fell the most since 2020 after it said profit in the coming year would be hurt by tariffs, weak margins on server sales and execution issues. The company also said it would eliminate about 3,000 jobs. Most Read from Bloomberg Earnings, excluding some items, will be $1.70 to $1.90 per share in the fiscal year ending in October 2025, HPE said Thursday in a statement. Analysts, on average, estimated $2.12 a share. HPE’s stock dropped as much as 16% after markets opened in New York on Friday, its biggest intraday decline since…
Ravi Jani; Vice President; Real Brokerage Inc Tamir Poleg; Chief Executive Officer, Co-Founder; Real Brokerage Inc Sharran Srivatsaa; President; Real Brokerage Inc Michelle Ressler; Chief Financial Officer; Real Brokerage Inc Darren Aftahi; Analyst; Roth Capital Partners, LLC Stephen Sheldon; Analyst; William Blair Matthew Erdner; Analyst; JonesTrading Operator Good day everyone, and welcome to the Real brokerage 4th quarter and full year 2024 earnings call.(operator Instruction)It is not my pleasure to turn the floor over to your host Ravi Jani. Sir, the floor is yours. Ravi Jani Thanks and good morning.Thank you for standing by and welcome to the Real brokerage…
John Turner Thank you, Carey. Good morning, and thank you all for joining us. I’d like to begin with a review of our third quarter performance, which overall came in below our expectations as we continue to face a challenging macro environment. I will then turn the call over to Scott for a closer look at the financial results before concluding with an overview of our outlook.As highlighted in our press release this morning, results for our fiscal third quarter reflect the impact of demand conditions that deteriorated meaningfully starting in December, continuing through the end of the quarter and…
Robert McKee Thanks, Graham. And thank you for joining us today. Last quarter, we published our third annual sustainability report. If you’ve not had a chance to read it, I would highly recommend it. The report highlights our commitment to making a difference in our communities by donating our time and resources through programs like Kodiak Cares Foundation and [KETS] an employee resource group for veterans who have proudly served in our military.The report also details our relentless focus on safety. We set a high bar for safety with a goal to make certain that every employee goes home safe…
(Bloomberg) — Bridgewater Associates founder Ray Dalio’s famous “All Weather” strategy has arrived in the exchange-traded fund market, just as the kind of macro-driven turmoil it seeks to guard against sweeps global assets. Most Read from Bloomberg The SPDR Bridgewater All Weather ETF begins trading on Thursday under the ticker ALLW, according to a press release. The fund, which charges 0.85% annually, will be managed by State Street Global Advisors and sub-advised by Bridgewater, which will provide a daily model portfolio for the ETF. All Weather is arguably the most well-known example of risk parity, an investment approach that allocates…
(Bloomberg) — Uncertainty around tariffs and inflation has hurt US business optimism since Donald Trump’s return to the White House in January, marking a sharp reversal from the buoyant mood among executives after his win in the presidential election, a survey shows. Most Read from Bloomberg Less than half, or 47%, of US business executives polled by the Association of International Certified Professional Accountants said they are confident about the economic outlook for the year ahead, down from 67% of respondents in a survey conducted in December. The findings coincide with recent data showing eroding consumer sentiment and rising inflation…
(Bloomberg) — Activist investor Ortelius Advisors is kicking off a proxy battle at Brookdale Senior Living Inc. by nominating six directors, blaming the current board for what it called the company’s “abysmal performance and chronic undervaluation.” Most Read from Bloomberg Ortelius has built a 1.3% stake in the senior living facility operator and plans to pitch shareholders on board changes ahead of the company’s annual meeting later this year, according to a letter to shareholders reviewed by Bloomberg News. The nominees include Frank Small, who formerly held senior roles at KKR & Co. and Fortress Investment Group, and Steven Vick,…
(Bloomberg) — Seven & i Holdings Co. will sell an underperforming retail business, replace its chief executive and buy back shares to strengthen its case for repelling a $47.5 billion takeover proposal by Alimentation Couche-Tard Inc. Most Read from Bloomberg Stephen Dacus, the director leading the board committee evaluating the Canadian retailer’s approach, will take over from Ryuichi Isaka as CEO, Seven & i said in a statement Thursday. The company, which pledged to buy back shares worth ¥2 trillion ($13.6 billion) over the next few years, also plans to list its US business and cut its holdings in a…
Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images Marvell Technology shares dropped 18% Thursday morning. Investors had high hopes for guidance from the AI chip maker. Wall Street had been looking to the firm to re-energize the AI trade. The move: Semiconductor manufacturer Marvell Technology fell nearly 18% Thursday morning, dropping to $73.94. The plunge extends a year-to-date loss of around 34.5%. Why: While Marvell’s fiscal first-quarter outlook was slightly ahead of consensus expectations, it fell short of the highest expectations, failing to impress investors and bolstering fears that the AI trade is fading. The firm projected $1.875 billion in…