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Trifast plc (TFSTF) Shareholder/Analyst Call Transcript

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

Christopher Morgan
Company Secretary

Good afternoon, everyone, and welcome to the 2026 Annual General Meeting for Trifast plc. My name is Christopher Morgan, and I am the Company Secretary.

Before we start the formal business of the meeting, just a couple of housekeeping points for everyone. There is no planned fire drill during the course of this meeting and not even today. So should the alarm — fire alarm sound, you can you make your way through the doors, steps — back up the stairs and exit on the side door, which is straight in front of you as you go up the stairs, and follow the lit up exit signs on the way.

The team here from [indiscernible], the company that run this building will ensure that we exit the building safely, and there’s a congregation point outside. So thank you.

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If I could now please introduce you to the company’s Chair, Serena Lang.

Serena Lang

Thank you very much, Christopher. And good afternoon to you all, and a warm welcome from me as well for those both here in the room and for everyone online.

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So the last 12 months has been another step in the rebuild process, and we’ve continued with the company’s transformation, establishing a more resilient and sustainable business. And I spent the last 12 months going around the business, visiting our people and seeing our operations, and I continue to be extremely impressed by all the good work that our people are doing. And, of course, now we’re working in this environment where there’s always something else that we have to contemplate or another bit of tariff or something that we’re looking at. And yet despite

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Sandra Bullock, Nicole Kidman Talk ‘Magical’ Bond, Parenting Teens Ahead Of ‘Practical Magic 2’ On Today Show

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Sandra Bullock

NEW YORK — Sandra Bullock and Nicole Kidman sat down with “Today” host Hoda Kotb this week to discuss their reunion for “Practical Magic 2,” reflecting on their decadeslong friendship, the challenges of parenting teenagers, and how their perspective on the original 1998 film has shifted over the nearly three decades since its release.

The sequel, which reunites the two Oscar winners in their original roles as witchy sisters Sally and Gillian Owens, arrives in theaters Sept. 10. Kotb teased the interview ahead of its broadcast, sharing a photo from the taping alongside the two actresses.

“I mean… how fun is this?! Sandra and Nicole together again!” Kotb wrote on Instagram, adding, “Can’t wait for you to see our conversation soon! PS sandra said — sit on my lap—- so i hovered.”

The Tuesday broadcast, part of a segment called “Making Space,” centered heavily on lessons the two actresses have learned around caregiving and raising teenagers, along with what it means to redefine family and public expectations on their own terms as they’ve each grown older in the public eye.

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Beyond the “Today” interview itself, both actresses have spoken extensively in recent press appearances about how their relationship with the original “Practical Magic” has evolved. When the film first released in 1998, it received mixed reviews and posted only a modest box office performance. In the years since, it has grown into a cult favorite, discovered by a new generation of fans largely through social media clips, a shift both actresses say has fundamentally changed how they view the project.

Bullock reflected on how cultural attitudes toward the film’s central theme, witchcraft, have shifted since its original release.

“A witch has always been a negative connotation. It was presented that way,” Bullock said. “The word is being taken back, and there’s ownership of it from the community saying, ‘I’m a witch and I’m proud.’”

For Kidman, the film’s unexpected second life has become something deeply personal, shaped by repeated encounters with fans who cite the movie as a favorite.

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“People started just coming into my life who would go, ‘You want to know what my favorite film of yours is? Practical Magic.’ And suddenly I was like, ‘What? Wow, OK,’” Kidman said.

In preparing for the sequel, Bullock said she took a deliberate step to better understand how a younger generation connects with the material, sitting down with her own children and their friends to rewatch the original film together.

“I wanted fresh eyes,” Bullock said. “Because we were embarking on the new chapter, the new baby witches coming in. I wanted to understand it from a point of view I didn’t have. I wanted to see what they had to say.”

In a separate conversation with People, the two actresses discussed why now, roughly 28 years after the original film, felt like the right moment to finally bring the sequel to the screen.

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“For me, it sort of honored generations of ancestry and future generations in a way that I don’t think we’ve talked about much on film,” Bullock said. “Which is, we forget that our mothers and grandmothers were young women with dreams and hopes and desires as well.”

Kidman agreed, describing the depth of trust and support the two actresses have continued to lean on throughout their careers and personal lives.

“Yes. This time around, we got to share things,” Bullock said, with Kidman adding that the two have become “each other’s life raft.”

Toward the end of the “Today” interview, the conversation took a lighter turn when Bullock pressed Kotb for details about a personal connection of her own. Bullock had watched an earlier episode of “Today With Jenna & Sheinelle,” in which Kotb revealed she had met a man on a flight and had recently reconnected with him. Bullock, having seen that earlier segment, pushed Kotb for further updates on the “handsome” mystery man during the taping, turning the interview’s focus briefly back onto the host herself.

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The reunion between Kidman and Bullock traces back years before the sequel’s production ever began. Speaking at the Season 2 premiere of her Hulu series “Nine Perfect Strangers” prior to the sequel’s official announcement, Kidman revealed that she and Bullock had discussed the possibility of a follow-up film even while making the original in the late 1990s.

“When we were making it, we definitely did,” Kidman said at the time, of thinking about a potential sequel. “We’re so excited. Yes, yes, beyond excited. You heard our spell. We put out our spell already.”

“Practical Magic 2” is directed by Susanne Bier, working from a screenplay by Akiva Goldsman, who also co-wrote the original 1998 film. Both movies draw from the work of author Alice Hoffman, with the original based on her 1995 novel “Practical Magic,” while the sequel takes inspiration from her 2021 follow-up novel, “The Book of Magic,” which expands the story of the Owens family. The new film introduces Joey King and Maisie Williams as the next generation of Owens women, while also honoring the original film’s beloved supporting cast, including Stockard Channing and Dianne Wiest, who played the sisters’ aunts in the first movie.

As producers on the sequel, Bullock and Kidman also navigated the practical challenges of mounting a legacy sequel decades after the original, balancing the demands of honoring a beloved cult classic with the realities of production budgets and audience expectations nearly three decades removed from the source material’s initial, more muted reception.

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With “Practical Magic 2” set to hit theaters Sept. 10, the promotional tour has offered both actresses an extended opportunity to reflect publicly on their enduring friendship, their shared experience raising teenagers, and the unlikely journey that transformed a modestly received 1998 romantic fantasy film into a beloved franchise now warranting a long-awaited return nearly 28 years later.

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Dow Sells Off 500 Points On U.S.-Iran Strikes; SK Hynix Breaks Out| Investor’s Business Daily

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Stock Market Today: Dow Falls Ahead of 'Economic D-Day'; Alibaba Slides

The Dow Jones Industrial Average and the other major stock indexes opened mixed Tuesday, with oil prices rising following U.S. and Iran attacks over the weekend. Meanwhile, memory-chip leader SK Hynix (SKHY) rallied on the stock market today, breaking out past a new buy point. Just after Tuesday’s open, the Dow industrials dropped 1%, or more than 500 points, while…

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BHP tables Pilbara port worker offer as union battle drags on

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BHP tables Pilbara port worker offer as union battle drags on

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After Trump attack on Bombardier, GOP senator notes company’s impact in Kansas

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After Trump attack on Bombardier, GOP senator notes company's impact in Kansas

Sen. Jerry Moran, R-Kan., on Monday highlighted Canadian jet manufacturer Bombardier’s positive impact in Kansas after President Donald Trump took aim at the company.

“The presence of Bombardier in Wichita supports a local workforce of more than a thousand employees, who contribute their talent and expertise to our nation’s defense and aerospace capabilities. This afternoon, I reached out to the Trump administration to make certain the President is aware of the significant contributions of Bombardier to Kansas and the importance of its presence in Wichita to many Kansas workers at Bombardier and in the Bombardier supply chain,” Moran wrote in the post on X.

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“I will continue working to see that Bombardier’s manufacturing operations not only remain in Kansas but continue to grow and create American jobs. Kansas is home to a hardworking, skilled workforce, and I will continue welcoming leaders in aircraft and defense manufacturing to do business here in the Air Capital of the World,” the senator added.

TRUMP TARGETS BOMBARDIER, SAYS CANADIAN JETMAKER ‘MUST BUILD’ IN THE US

Left: Sen. Jerry Moran on the phone; Right: President Donald Trump in front of Air Force One

Left: U.S. Sen. Jerry Moran, R-Kan., talks on a cellphone as he arrives to a closed Senate Appropriations Committee hearing at the U.S. Capitol on June 2, 2026, in Washington, D.C. Right: President Donald Trump steps off Air Force One at Morristown M (Left: Eric Lee/Getty Images; Right: Jim WATSON / AFP via Getty Images / Getty Images)

The White House did not immediately respond to Fox News Digital’s comment request on Tuesday.

Trump had targeted the company in a Monday Truth Social post as many American workers enjoyed the Labor Day holiday.

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“NO MORE SELLING BOMBARDIER IN THE UNITED STATES!” the president declared.

“Their products aren’t good enough! Over 50% of their revenue comes from the United States — They live off American Buyers, American Companies, American Airports, and American Service — All while Canada blocks our GREAT American Banks, and Companies, throughout the U.S.A.,” Trump asserted in part of the post. “If they want our Market, they must build here, and stop treating America like a ‘piggybank.’”

TRUMP TRADE CHIEF REVEALS WHAT PRECEDED CANADA WALKING AWAY FROM ‘BEST DEAL IN THE WORLD’

Bombardier aircraft being assembled

Bombardier Global aircraft under assembly during a tour of the company’s facility in Mississauga, Ontario, Canada, on Friday, May 8, 2026. (Arlyn McAdorey/Bloomberg via Getty Images / Getty Images)

Bombardier issued a statement on Monday indicating that its business utilizes U.S. workers and that its products include U.S.-made components.

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“Bombardier’s American workers are based all around the United States with sites in Kansas, Texas, Arizona, Florida, Connecticut, Illinois, Delaware, California, Washington D.C. and New Jersey, as well as overall direct employment presence in more than 20 states.  Bombardier aircraft create tens of thousands of U.S. jobs through the company’s growing American footprint as well as within its supply chain made up of approximately 2,800 American companies across 47 states. The company spends over $2.5 Billion with suppliers each year,” Bombardier noted in part of their statement.

CANADIAN PM TELLS TRUMP TO ‘STOP TRYING TO BE TOUGH’ IN TRADE FIGHT

Bombardier flag

A Bombardier flag during an entry-into-service celebration event for the Bombardier Global 8000 jet at the Bombardier Aircraft Assembly Centre in Mississauga, Ontario, Canada, on Monday, Dec. 8, 2025. (Laura Proctor/Bloomberg via Getty Images / Getty Images)

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“Bombardier aircraft are built with American-made components such as engines, avionics and many more key systems provided by great American companies. Significantly, the wings for the world’s fastest business jet are made by American workers at Bombardier’s facility in Red Oak, Texas while crucial flight control components are made in Bombardier’s Los Angeles, California area facility. Bombardier has also announced extensive plans to grow its defense activities as well as its service network and will, later this year, inaugurate a new facility in Fort Wayne, Indiana,” the company noted.

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Aussie shares tumble to six-week lows as concerns grow

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Aussie shares tumble to six-week lows as concerns grow

Australian shares have had their worst session since early June as stubborn oil prices, crumbling consumer confidence and a dim business outlook weigh on banks, real estate and retail stocks.

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5 Wild Tech Predictions Elon Musk Says Will Reshape The World Within The Next 10 Years Including 1B Robots

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Elon Musk

AUSTIN, Texas — Elon Musk continues to make sweeping predictions about how artificial intelligence and robotics will reshape the global economy over the next decade, offering forecasts ranging from a billion-strong robot workforce to a future in which human labor becomes entirely optional. Here are five of his most striking recent predictions.

More than 1 billion humanoid robots operating within 10 years. Speaking virtually at the G20 Innovation Ministerial in Chapel Hill, North Carolina, on Sept. 1, Musk predicted that advances in AI software, onboard AI chips and electromechanical dexterity would eventually allow robot manufacturing to become recursive, with robots building more robots at an accelerating pace.

“Ten years from now, I would say there are well over a billion humanoid robots,” Musk said, according to a transcript of his remarks. He described the productivity of each robot as “probably five times that of a human,” calling the overall forecast “a conservative estimate” he would “put serious money betting on.” Musk said a fleet of that scale would ultimately be “more productive than all humans combined.” Global humanoid robot shipments totaled just 19,100 units in the first half of this year, according to figures cited alongside Musk’s remarks, illustrating how dramatic the projected 10-year growth curve would need to be for his prediction to materialize.

Artificial intelligence adding $20 trillion to $30 trillion to the global economy annually. During the same G20 address, Musk offered a specific estimate for how much digital AI alone could boost worldwide economic output, separate from the additional gains he expects from physical robotics.

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Musk said digital AI could lift the global economy by 20% to 30%, translating to roughly $20 trillion to $30 trillion in additional annual output, according to Bloomberg TV’s coverage of his remarks. He argued that robotics represents a separate and potentially even larger source of future economic growth, given the physical labor tasks robots could eventually perform that purely digital AI systems cannot.

AI reaching “Stockfish-level” software coding capability within 12 to 18 months. Musk offered a specific near-term timeline for when he expects AI systems to become superhuman at software engineering tasks, drawing a comparison to the dominant chess-playing computer program Stockfish.

According to CNBC’s coverage of the G20 session, Musk predicted AI would reach “Stockfish-level” coding ability within about 12 to 18 months, invoking five-time world chess champion Magnus Carlsen as a point of reference for what it means for a machine to definitively surpass the best human performers in a given domain. Musk said that same general timeline applies more broadly to AI becoming extremely capable across engineering and other digital work, predicting that by the end of next year, AI should be able to handle any digital task that does not require physically manipulating atoms by hand.

Human labor becoming largely “optional” within 10 to 20 years. Beyond his predictions about robots and AI’s direct economic impact, Musk has repeatedly forecast a future in which most people will no longer need to work for economic survival, describing a shift toward work as a personal choice rather than a necessity.

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Speaking in an interview with Zerodha co-founder Nikhil Kamath, Musk laid out his timeline directly.

“My prediction is, in less than 20 years, working will be optional, working at all will be optional, like a hobby pretty much,” Musk said, adding that the shift could arrive in “less than 20 years, maybe even as little as 10 or 15 years.” He compared the choice to whether someone works in that future to a person’s decision to grow their own vegetables despite being able to simply buy them from a store, framing continued labor as something people would pursue by preference rather than economic pressure.

Not everyone views Musk’s optional-work prediction as realistic. Kaz Hassan, principal of community and insights at the AI-powered employee experience platform Unily, has argued that Musk’s framing measures human work through an outdated, purely task-based model.

“For the last centuries, we’ve measured work through task completion and time investment,” Hassan said. “How many projects delivered? How many hours logged? How many emails sent? We’ve treated human contribution like machine output: quantifiable, replicable and scalable.” Hassan has suggested AI will ultimately expose the limits of that model, given its inability to replicate the kind of contextual judgment and strategic intuition that often drives genuine organizational success.

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Humans reaching Mars within 10 years, and possibly as soon as five. Musk’s predictions extend beyond Earth-bound technology to his longtime ambition of establishing a human presence on Mars through SpaceX. Speaking on the Lex Fridman podcast, Musk offered a specific timeline for when he expects SpaceX to be capable of carrying humans to the Red Planet.

“Best case is about five years. Worst case, 10 years,” Musk said, citing continued development of SpaceX’s Starship vehicle as the key remaining engineering challenge standing in the way of that goal. Musk has described Starship as “the most complex and advanced rocket that’s ever been made,” and has framed the broader Mars effort as central to his long-term vision of humanity becoming what he calls a “multiplanetary species,” a goal he has said is essential to ensuring humanity’s survival should a catastrophic event ever threaten life on Earth.

Musk’s willingness to attach specific, often aggressive timelines to his predictions has become a defining and frequently scrutinized feature of his public commentary over the years, with some forecasts, including earlier predictions about electric vehicle adoption and Mars colonization dates, having already come and gone without materializing on Musk’s original schedule. Even so, his continued influence over major technology companies spanning AI, robotics and space exploration, through Tesla, SpaceX, xAI and Neuralink, has kept his predictions closely watched by investors, policymakers and technologists alike, regardless of how consistently his specific timelines have historically held up against subsequent developments.

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US-Canada tariffs: Canada braces for prolonged trade war as counter-tariffs on US take effect

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Palestinian kids walk to school. They are wearing blue school uniforms.

Canada’s retaliatory tariffs on a range of US goods came into effect on Tuesday, with no sign of a trade deal on the horizon.

The counter-tariffs will apply to nearly C$28bn ($20bn; £15bn) worth of American products, from steel to furniture to cotton T-shirts, and will be as high as 50%.

Fresh fish and lobster were also on the list, but Canada later omitted them after pushback from its seafood industry – a sign of the tricky balance it has to strike as it retaliates against its largest trading partner.

Both US and Canadian officials have said they would like to strike a deal, but no movement has been made to resume talks after they collapsed in late August.

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Speaking to reporters last week, Prime Minister Mark Carney said that Canada is still in search of a deal with the US that is “durable” and in the best interests of both countries.

“We’re ready to sit down and strike that deal when the Americans are ready,” Carney said.

US trade representative Jamieson Greer said on Thursday the ball is in Canada’s court.

“We offered them the best deal, they looked at it square in the face and turned around,” Greer said in an interview with Fox News, adding that there has been sparse communication with the Canadians since talks collapsed.

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In a separate interview with Canadian broadcaster CBC, Greer cautioned against retaliation and suggested the US might hit back by banning the import of some Canadian products.

President Donald Trump threatened on Monday to halt all US business with Canada-based airplane maker Bombardier unless it moved its manufacturing south.

The aerospace giant is one of the largest in the country, contributing over C$7bn to Canada’s annual GDP in 2024, according to a report by accounting firm PwC.

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Health Care Roundup: Market Talk

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Health Care Roundup: Market Talk

The latest Market Talks covering the Health Care sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0817 GMT – Novartis’s latest clinical-trial failure suggests the company might need more dealmaking to deliver on its ambition for steady growth beyond 2030, Jefferies analysts say in a research note. The Swiss drugmaker maintained its 2025-30 sales guidance as it said its neuromuscular drug del-desiran missed the main goal in a late-stage study. However, no comment was provided on the ambition to grow by mid-single percentage digits beyond 2030, the analysts say. Even with the recent success of a new multiple-sclerosis pill, it will be challenging to get confidence on the company’s growth for the 2030s without del-desiran and del-brax, two drugs Novartis acquired from Avidity Biosciences, Jefferies says. As a result, dealmaking will likely remain part of Novartis’s story, the analysts add. Shares fall 10%. (adria.calatayud@wsj.com)

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Quantum Computing Stocks: IonQ Hosts Investor Day; SkyWater Deal In Focus

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IonQ Stock: IonQ Earnings Top Views. Raised Guidance Excludes SkyWater Deal.

When IonQ (IONQ) hosts an investor day on Tuesday, Wall Street analysts will look for an update on the company’s strategy in the wake of its acquisition spree, including the $1.8 billion purchase of SkyWater Technology. If IonQ unveils new technology advances, that could move quantum computing stocks, which have struggled in 2026. Heading into the investor day, IonQ stock…

Copyright ©2026 Investor’s Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Newcastle’s Advanced Healthcare Group expands further into Scotland with acquisitions

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Business Live

The deals are part of Advanced Healthcare’s bid to become a leading healthcare and mobility group

Advanced Healthcare Group is based in Newcastle.

James Oates, director at Advanced Healthcare Group (left) and Michael Williams, investment executive at NEL Fund Managers.(Image: Simon Williams)

A Newcastle-based healthcare and mobility investor has acquired two Scottish businesses using a six-figure backing from the Northern Powerhouse Investment Fund.

Advanced Healthcare Group bought mobility equipment providers Able Care and City Mobility serving communities in Scotland. Both companies will continued to operate under their existing brands with workforces remaining in place.

The investment, which comes from NPIF II – NEL Debt Finance, managed by NEL Fund Managers as part of the Northern Powerhouse Investment Fund II (NPIF II), follows Advanced Healthcare’s acquisition of Dundee-based Allardyce Healthcare last year.

By bringing the businesses into the stable, the group hopes to drive efficiencies and support future expansion. Advanced Healthcare is led by Gary Lynch, alongside healthcare investors James Oates and Ross Tomkins, and David Lynch, who co-founded NEL-backed Lynch Healthcare in 2009 before a private equity exit the following year.

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Mr Oates said: ” These acquisitions represent another important milestone in our strategy to build a leading healthcare and mobility group with the scale, expertise and resources to serve customers across the UK and beyond. Able Care and City Mobility have built exceptional reputations over many decades, and we’re committed to supporting their continued success while preserving the values and customer relationships that have made them so highly regarded.

“It was a pleasure to work with James, Michael and the wider NEL team on this transaction. The process was seamless from start to finish and the support throughout was exceptional. I would highly recommend NEL as an investment partner.”

Mr Lynch added: “Adding Able Care and City Mobility to the Advanced Healthcare Group allows us to honour the fantastic legacy of both businesses while helping them continue to evolve and grow across Scotland. I’ve worked with NEL on a number of investments over the years, so I knew they would be the right partner for this transaction.”

The investment was led by Michael Williams, investment executive at NEL Fund Managers. He said: “The Advanced Healthcare team combines significant sector expertise with a clear strategy for growth. They understand how to build successful businesses while preserving the heritage, reputation and customer relationships that have made companies such as Able Care and City Mobility successful.

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“We’re delighted to have supported these acquisitions and look forward to seeing the business continue its ambitious growth journey.”

Sarah Newbould, senior investment manager at the British Business Bank, said: “The Northern Powerhouse Investment Fund II is helping Advanced Healthcare Group take an important step forward in its growth journey. Through investments like this, we’re supporting ambitious businesses to grow, strengthening regional economies and helping to create new opportunities across the North.”

The investment opportunity was referred to NEL by Abu Ali of FRP Advisory and the legal side of the transaction was supported by Sophie Bailey of Sheppard & Wedderburn acting for Advanced Healthcare Group, Thomas Pullar of CMS acting for NEL, and Thomas McGahie of BBM Solicitors acting for the sellers.

The £660m Northern Powerhouse Investment Fund II is operated by the British Business Bank and covers the entire North of England, proving loans of between £25,000 to £2m and equity investments of up to £5m.

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