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Earnings call transcript: VRL Logistics posts record Q1 2026 profit, shares edge up

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Earnings call transcript: VRL Logistics posts record Q1 2026 profit, shares edge up

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Thousands of new clothes saved from landfill by charity

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Dressability mainly alters clothing for people with disabilities, but launched its rebranding project after receiving coats that would otherwise have gone to waste.

“We started the rebranding project after getting a delivery of coats from a company that ceased trading,” said Tombs.

“I was concerned that we were throwing away brand new coats, so we sensitively patched and improved them, covering the branding, and the project went from there.”

Once altered, the clothing is then donated to people in need.

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“Plus it’s about sustainability, because our work prevents these items from going to landfill,” said Tombs.

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Microsoft: AI Investment Is Driven By Orders Already In Hand (NASDAQ:MSFT)

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Microsoft: Cloud Is Going To Be A Winner In 2026 (Rating Upgrade)

This article was written by

Financial analyst by day and a seasoned investor by passion, I’ve been involved in the world of investing for over 15 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering high quality dividend stocks and other assets that offer potential for long term-growth that pack a serious punch for bill-paying potential. I use myself as an example that with a solid base of classic dividend growth stocks, sprinkling in some Business Development Companies, REITs, and Closed End Funds can be a highly efficient way to boost your investment income while still capturing a total return that follows traditional index funds. I created a hybrid system between growth and income and manage to still capture a total return that is on par with the S&P.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of MSFT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Farmers warn shoppers face smaller and more expensive vegetables due to hot weather

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An aerial image of a brown field of crops being harvested by four combine harvesters

Farmers source additional water for their crops and livestock over summer from a combination of stored winter rainfall on site, and by extracting it from natural sources – a process called abstraction.

This can be from groundwater or from surface water, like rivers and streams.

This summer has seen significant low rainfall affecting the amount of water available to draw from.

Half of England and all of Wales have been declared to be in drought conditions by the Environment Agency.

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Wales has received just 8% of its average rainfall so far this month. England has received 7% of its average, with that figure as low as 1% across southern England.

The high temperatures and repeated heatwaves have also increased evaporation rates which have particularly hit rivers.

Climate change is expected to bring more severe, frequent and longer-lasting heatwaves in UK summers in the coming years – which could bring more water shortages for farmers.

Tom Lancaster, land, food and farming analyst at the ECIU said: “At the start of spring farmers were hopeful of a better year, but the dry April and July and record-breaking heat have left farmers facing down the barrel of a third awful harvest in a row.

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“Farming is now the sector most exposed to climate change and the risks and damage that it brings.”

Martin Lines, head of the Nature Friendly Farming Network and a farmer from Cambridgeshire, said this year’s harvest “has been a real kick in the teeth”.

“After two terrible harvests in a row, the crops this year were looking good and full of potential coming out of spring, only for months of drought and heatwaves to destroy any prospect of a decent harvest,” he said.

“I’ve never known it this dry and hot on our farm.

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“Even farmers I know who were sceptical of climate change are now saying they’re really worried about the future of their businesses and production, it’s just been completely brutal for our industry.”

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Shoals Q2 Review: Market Underestimates Margin Improvement Prospects (NASDAQ:SHLS)

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FINN:CA Is On Fire In Q2

This article was written by

I am a graduate of the University of York, where I studied Accounting, Business Finance and Management. Since graduating from university, I have worked for a number of years in Restructuring Advisory in London. In my spare time I love to write about businesses that interest me here on Seeking Alpha and discuss new opportunities and ideas with other investors on the platform. The companies that I engage with are generally facing some form of distress. I work with these businesses to implement restructuring solutions including solvent actions like debt refinancing’s to insolvent solutions including administrations under the UK Insolvency Act.I try to keep my work here on Seeking Alpha simple – short writeups that look to identify what the consensus is missing in order to outperform the market. I take both long and short positions and try to make clear actionable insights on the stocks I cover. If you want to reach out, whether that’s to ask me any questions or just to connect, feel free to message me here on Seeking Alpha.Please ensure you do your own research – all articles represent my opinion only.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of SHLS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Former Leeds nightclub and pool hall transformed into modern offices

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Knight Frank has been instructed to market the Elbow Rooms building

The exterior of Elbow Rooms in Leeds

The exterior of Elbow Rooms in Leeds(Image: Knight Frank)

A former nightclub and bar in the heart of Leeds has been transformed into modern offices.

The Elbow Rooms on Call Lane in Leeds operated as sports bar and American pool hall for 15 years and also welcomed a number of guest residencies at music nights, including the likes of Bez and the Stone Roses, The Sugarhill Gang and Utah Saints.

Now, however, it has swapped DJs for desks, having been transformed into a contemporary and stylish office building. The refurbishment kept much of the building’s original industrial features and exposed brick walls to convert the venue into a variety of functional spaces to be used as offices.

Knight Frank has been enlisted to market the building, which was sold to a private investor in 2022 in a £4m deal, five years after being rescued from receivership.

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Victoria Harris, office agency associate with Knight Frank, explained: “We have been instructed to market 2,105 sq ft of high-quality fitted space, which has just come back on to the market after the building was fully let.

“The quoting rent is £25 per sq ft, which represents great value, given the location of the Elbow Rooms, which is next to a host of restaurants, bars, hotels and apartments, and just a five-minute walk from Leeds Railway Station, as well as Leeds’ traditional business and retail cores.

Elbow Rooms has been transformed in Leeds

Elbow Rooms has been transformed in Leeds(Image: Knight Frank)

“Meanwhile the mixture of corporate and industrial in the interior of the 24,000 sq ft building is very striking. There’s nothing else like it around. The specific suite comprises modern furniture, meeting room space and a fully fitted kitchen. The occupier will also benefit from access to communal facilities including breakout suite and an additional Zoom/meeting Room.

“The suite is ready for immediate occupation from September 2026.”

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Other occupiers of the Elbow Rooms include digital consultancy Parallax, signage and printing company IPL and branding agency EDNA.

Ms Harris added: “The building can now house a great business which will be able to enjoy the perks of being in the city centre whilst also experiencing a beautiful historic building that is loved by many. Leeds has a growing innovative and enterprising local economy, and we are confident we will soon find an occupier for the space.”

The landlords of the Elbow Rooms are James Brothers Leeds Ltd and the joint agents are Carter Towler.

Like this story? For more news from the commercial property scene around the regions, visit our dedicated section here for the latest news and analysis within the sector.

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Shares soar to record highs as oil dives on peace hopes

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Shares soar to record highs as oil dives on peace hopes

Australia’s share market has broken multiple records as investor confidence surges on hopes for an imminent US-Iran peace deal.

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Sysco stops buying Mexican lettuce amid Cyclospora outbreak

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Taylor Farms preparing recall amid cyclospora outbreak probe

Sysco, the nation’s largest food distributor, will stop buying iceberg lettuce from Mexico as federal health officials investigate a multistate cyclosporiasis outbreak linked to the product, the company’s CEO said Tuesday.

The announcement from Sysco CEO Kevin Hourican comes as the Food and Drug Administration (FDA) and the Centers for Disease Control and Prevention (CDC) investigate the outbreak, which has been connected to two deaths this week in Michigan.

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The outbreak has been linked to iceberg lettuce sourced from central Mexico through Taylor Farms de Mexico.

Taylor Farms’ U.S. business voluntarily recalled certain iceberg lettuce products sold under the Taylor Fresh Foods and Marketside brands. The company has maintained that the FDA has not identified a confirmed positive test result for Cyclospora after what it described as a false positive reported by the agency.

CYCLOSPORA OUTBREAK DENTS TACO BELL SALES BUT RECOVERY UNDERWAY, EXEC SAYS

Packages of Taylor Farms salad greens displayed on shelves at a Safeway grocery store in California

Packages of Taylor Farms salad greens are displayed at a Safeway store in Kings Beach, California, on July 16, 2026. (Justin Sullivan/Getty Images / Getty Images)

Cyclosporiasis is an intestinal illness caused by the parasite Cyclospora cayetanensis. According to the CDC, the infection commonly causes watery, often “explosive” diarrhea that can last for weeks or even months if left untreated. Other symptoms include severe abdominal cramping, bloating, nausea, fatigue and significant weight loss.

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“We’re not buying iceberg lettuce from them, and we’re not buying it from Mexico,” Hourican said in an interview with Reuters. “To the degree that we can further diversify our procurement, that is something we’re actively working on.”

Hourican said Sysco stopped selling and distributing the affected lettuce last month and voluntarily recalled impacted products before Taylor Farms announced its own recall.

FDA SAYS TACO BELL TO STOP USING LETTUCE SUPPLIER LINKED TO MULTISTATE PARASITE OUTBREAK

Taylor Farms salad greens displayed on a grocery store shelf at a Safeway location

Packages of Taylor Farms salad greens are displayed at a Safeway store in Kings Beach, California, on July 16, 2026. ( Justin Sullivan/Getty Images / Getty Images)

“It’s a high quality, high integrity shop, but we’ve had to take actions,” Hourican said. “We’ve moved source of product away from them to the degree that we can. Because they’re really big, you can’t just turn it off overnight.”

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The report comes after the Michigan Department of Health and Human Services said two people in the state have died in connection with the sprawling cyclosporiasis outbreak, which has sickened at least 11,234 people statewide.

State health officials said evidence points to lettuce or salad greens as a possible source of the outbreak, but investigators cautioned that other food items have not been ruled out and no specific type of produce, grower or supplier has been identified.

BUC-EE’S SUES OHIO MINI-MART OVER BEAVER LOGO BRANDING, ALLEGING TRADEMARK INFRINGEMENT

Taylor Farms salad greens

Packages of Taylor Farms salad greens are displayed at a Safeway store in Kings Beach, California, on July 16, 2026. The company says it has voluntarily removed iceberg lettuce sourced from central Mexico while federal officials continue investigatin (Justin Sullivan/Getty Images / Getty Images)

Sysco said it is now buying iceberg lettuce grown in the U.S. and has been able to meet its supply needs despite the outbreak.

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“Taylor Farms is the largest producer — they’re the biggest — and if we’re not able to buy from them, we can easily go elsewhere,” Hourican said. “Replacing the amount we buy elsewhere is the challenge, and it’s something that we’re working on.”

Health officials emphasized that cyclosporiasis is generally not considered a life-threatening illness and deaths tied to the infection are rare in the United States. According to Michigan health officials, medical records showed both people who died had significant underlying health conditions that may have been worsened by cyclosporiasis and dehydration.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

FOX Business has reached out to Sysco and Taylor Farms for comment.

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FOX Business’ Stephen Sorace, Eric Revell and Reuters contributed to this report.

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Ibstock plc 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:IBJHF) 2026-08-05

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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Vedanta Aluminium shares can rally up to 28%? Why Systematix initiated coverage on the stock

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Vedanta Aluminium shares can rally up to 28%? Why Systematix initiated coverage on the stock
Domestic brokerage firm Systematix Institutional Equities has initiated coverage on the country’s largest aluminium producer, Vedanta Aluminium (VAML), with a Buy rating and a target price of Rs 598, implying a 28% upside.

Backward integration is set to drive the newly-demerged company’s next earnings cycle, as per the brokerage’s note, following a threefold year-on-year jump in its consolidated net profit to Rs 5,629 crore in the June quarter of FY2026.

The brokerage believes that VAML is well positioned to deliver sustainable earnings growth through a combination of higher volumes, progressive backward integration and a supportive aluminium demand outlook. Successful ramp-up of BALCO, Lanjigarh, Sijimali and captive coal mines as per guidance provides scope for further earnings improvement and a potential rerating.

Read More: Ola Electric Mobility shares rally over 7%. What’s boosting investor sentiment?

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The recently-listed company’s ongoing backward expansion integration across bauxite, alumina and coal is expected to structurally reduce production costs, improve raw material security and support sustainable EBITDA/t expansion.


However, VAML’s growth is anchored by the 435ktpa BALCO potline ramp-up, which should increase aluminium volumes from 2.46mt in FY26 to 2.77mt in FY28E, as per the brokerage’s note. Higher utilisation of the 5 mtpa Lanjigarh alumina refinery should raise captive alumina consumption from 61% to 81%, materially reducing dependence on externally sourced higher-cost alumina.
The brokerage estimates VAML to deliver a 39% surge in Profit After Tax, with a 29% jump in EBITDA, and a 16% rise in revenue CAGR over FY26-FY28E supported by higher volumes, structural EBITDA/t expansion and lower production costs. It values VAML at 6.5x FY28E consolidated EV/EBITDA, arriving at a target price of Rs 598/share, after adjusting for Q1FY27 ending net debt and 49% non-controlling stake in BALCO.The company expects FY27 capex of approximately Rs 7,000 crore, comprising around Rs 5,000 crore of growth capex and Rs 2,000 crore of maintenance expenditure. The company also indicated that approx. Rs 7,800 crore of residual capex on announced projects would be incurred over the next 18-24 months, primarily across BALCO, residual Lanjigarh and captive mine enhancement.

Growth capex should moderate further to Rs 3,500–4,000 crore in FY28 as the BALCO expansion project is completed and residual spending becomes predominantly mine-related. According to the brokerage, the declining capital intensity, alongside the ramp up of recently commissioned assets should drive free cash flow generation, support deleveraging and enhance return ratios.

Read More: MapMyIndia Q1 Result: MapMyIndia shares drop 8% despite strong Q1 earnings; PAT jumps 8% YoY

Power is a key component of aluminium production costs, making coal security an integral part of an aluminium producer’s value chain. Systematix expects VAML’s total coal requirement to increase from 25.8mt in FY26 to 31.1mt in FY29E, alongside the BALCO-led smelter ramp-up. Captive mine output is expected to sharply rise from 2.6mt to 19.6mt over the same period, driven by Kuraloi and Ghogharpalli mines. The resulting dependence on linkage and e-auction coal should decline from 90% in FY26 to 37% by FY29E, taking captive consumption from 10% to ~63%, as per the brokerage’s note.

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The Sijimali bauxite could strengthen raw material security for the company. The mine is intended to supply the Lanjigarh refinery, which would eventually require ~15mtpa of bauxite upon 100% utilisation of 5mtpa capacity and another 3mtpa after completion of the proposed ramp up to 6mtpa. At full capacity, Sijimali could meet approximately half of its requirement and meaningfully reduce VAML’s reliance on purchased domestic and imported bauxite. The brokerage estimates captive bauxite production of 1mt in FY27E to 4mt in FY28E and 8.5mt by FY29E, raising captive consumption from 8% to 57% over the period.

Vedanta Aluminium had reported a 216% YoY surge in net profit for the June quarter of FY 2026, compared to Rs 1,781 crore in the corresponding quarter of the previous financial year. Revenue from operations rose 46% YoY to Rs 21,393 crore during the April-June quarter of FY27, from Rs 14,654 crore in the year-ago period.

Also Read | Vedanta Aluminium Q1 Results: Net profit soars 3x YoY to Rs 5,629 crore; Rs 8/share dividend declared

VAML is the world’s third-largest aluminium producer (ex-China), with an installed smelting capacity of 2.9mt and a domestic capacity share of ~57%.

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Why is Kratos Defense & Security stock surging today?

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Why is Kratos Defense & Security stock surging today?

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