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What Andy Burnham’s devolution agenda means for Wales

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If English devolution deepens under Burnham the competitive pressures on Wales will increase

Andy Burnham.(Image: Peter Byrne/PA Wire)

For Wales the prospect of an Andy Burnham premiership should not be viewed through the usual PR-driven prism of Labour politics or Westminster personalities.

The more important question is what his approach to power and economic development would mean for a nation that already has devolved government yet still struggles to turn it into a sustained economic advantage.

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Burnham’s political appeal has always rested on something different from the standard Westminster offer. He has consistently spoken the language of place and built a reputation in Greater Manchester around transport, housing, skills, local accountability and a more muscular form of regional leadership.

Whether one agrees with every aspect of his record or not, he has shown that English city regions can become serious political and economic actors in their own right.

That is why Wales should pay close attention because if a Burnham-led UK Government were to accelerate devolution within England, then the implications for Wales could be significant.

Not because such a policy would be anti-Welsh, but because it could create a much more competitive set of English regions, each with stronger leadership, clearer economic priorities and greater freedom to act.

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For years, Wales has often compared itself with England as a whole, which is the wrong comparison because the real competition increasingly comes from Manchester, Birmingham, Liverpool, Leeds, Bristol and Newcastle, each of which is trying to position itself as a destination for investment, talent, innovation and infrastructure.

If those places are given more power over skills, transport, planning, housing, business support and inward investment, they will not wait for Wales to catch up.

That is the challenge, and Wales already has a devolved government, its own economic development responsibilities, its own education system, and its own ability to shape policy in areas that matter directly to business. Yet too often, the machinery of economic development in Wales feels slow and fragmented, with little visible urgency in the basic task of growing the Welsh economy.

If English devolution deepens under Burnham, the competitive pressures on Wales will increase in five areas. The first is inward investment, and a powerful mayoral authority with a clear proposition can go to investors and say, with confidence, what it stands for, which sectors it wants to build, what infrastructure it can offer, and how quickly it can help firms make decisions.

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Wales should be able to do the same, but too often our proposition is obscured by institutional complexity and inter-regional competition.

The second is skills, and Burnham has long understood that local economies cannot be transformed if the skills system is disconnected from employers. If English regions gain more influence over training, employment support and technical education, they will be able to align their workforce more closely with growth sectors.

Wales already has many of these levers but having powers and using them well are not the same thing, and our further education colleges and universities need to be part of a much more coherent national mission than they have been for the last 27 years.

The third is infrastructure, and Greater Manchester’s transport agenda has been central to Burnham’s identity as a leader. He understands that buses, trains, housing and employment sites are not separate issues, but shape whether people can access jobs, whether firms can recruit and whether places can grow.

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Wales cannot afford to treat infrastructure as a series of disconnected projects. Whilst South East Wales has benefited from public investment, the rest of Wales – especially North Wales – has been left behind.

The fourth is political influence, and whilst a Burnham premiership might be more sympathetic to places outside London, it could also mean that powerful English mayors become even more influential within Whitehall. They will be in the room arguing for funding, freedoms and investment, and Wales cannot assume that its status as a devolved nation automatically gives it priority.

The fifth is enterprise, and this is where the issue becomes most urgent, as Wales lacks enough businesses. Our business density remains below the UK average, and our start-up and scale-up rates are not where they need to be.

A more entrepreneurial England, driven by assertive regional leadership and stronger local economic tools, would place Wales under even greater pressure unless we respond with a serious strategy for business creation and scale-up of our own.

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None of this means we should oppose further English devolution as there is no long-term benefit to Wales in an over-centralised neighbour dominated by Whitehall and London. But if English regions are given new powers, the Welsh Government needs to ask itself a harder question, namely what have we done with the powers we already have, and what more can we do?

It is easy to call for more devolution, but harder to show that existing powers are being used with sufficient purpose, especially when Wales desperately needs a sharper economic development model, business-facing economic leadership, and backing for entrepreneurs.

Above all, Wales needs to take competitiveness much more seriously. An Andy Burnham premiership would not necessarily weaken Wales as it could create an opportunity for a new economic settlement across the UK, one in which places outside London finally receive greater power, attention and resources.

But it will weaken Wales if we respond passively, and if English city-regions are given more tools and use them with ambition while those running our nation continue with slow decision-making and institutional caution, the gap will widen.

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And that won’t be because England has too much devolution, but because Wales has failed to make the most of its own.

That is the real lesson, and a Burnham premiership may simply expose what has long been true, namely that Wales cannot rely on constitutional status alone.

If increased English devolution forces Wales to become more ambitious, it may prove a useful shock, but if it merely leaves us complaining from the sidelines while the English regions get on with the job, then we will have no one else to blame but ourselves.

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Fed officials fret over inflation risk, weigh rate hikes

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Fed officials fret over inflation risk, weigh rate hikes

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Delta Air Lines (DAL) Q2 2026 earnings

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Delta Air Lines (DAL) Q2 2026 earnings

Boarding1now | Istock Editorial | Getty Images

Delta Air Lines CEO Ed Bastian said the carrier’s original profit goal is in reach this year as the airline passes higher fuel bills along to customers and expects that pricing power to last even as oil prices drop from multi-year highs.

“I think it’s sustainable,” Bastian told CNBC in an interview. He said fares will likely stay strong thanks to robust demand, more diverse seat options and a more disciplined airline industry that’s learned from the past and isn’t likely to expand capacity as soon oil falls.

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Delta on Friday forecast third-quarter earnings of between $2.00 per share to $2.50 per share, compared with analysts’ estimates of $2.02 a share for the period. The company also projected revenue would be up in the mid-teens compared with the July-through-September period of 2025. For the full-year, the carrier reaffirmed its January earnings forecast of between $6.50 per share and $7.50 per share.

Here’s what Delta reported for the second quarter compared with what Wall Street was expecting, based on consensus estimates from LSEG:

  • Earnings per share: $1.56 adjusted vs. $1.48 expected
  • Revenue: $17.67 billion adjusted vs. $17.53 billion expected

Bastian said demand is strong across the board, noting that Delta, the U.S.’s most profitable airline, caters to higher-income customers in the K-shaped economy.

Indeed, its premium seat sales outpaced the back of the plane in coach. Its premium tickets like first class brought in $6.92 billion in revenue for the quarter, while the main cabin reported $6.85 billion in revenue.

Bastian said World Cup demand was stronger than expected, including from inbound visitors to the U.S. In an earnings release, the airline also said corporate travel rose in the second quarter, with the aerospace and defense, banking and automotive sectors leading growth.

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Carriers have scaled back growth plans and pruned unprofitable flights after this year’s record run-up in fuel, and airfares have surged. According to the latest federal data, May airfare was up nearly 27% compared with last year, though executives say they still haven’t passed the entirety of the higher fuel bill on to consumers. Bastian said Delta was passing along about 60% to consumers, and that should get to close to 100% this quarter.

Delta’s second-quarter revenue per available seat mile, a measure of how much an airline is bringing in for each seat it flies, was up 17% from a year earlier, though its cost-per-available seat mile rose 21%. (Delta has other revenue streams including cargo, a maintenance business and its fuel refinery.)

Delta’s net income dropped 25% in the second quarter from a year earlier to $1.6 billion, or $2.44 a share, though operating revenue was up 19% from the 2025 period to $19.76 billion. Adjusting for one-time items including third-party refinery sales, Delta posted earnings of $1.03 billion, or $1.56 a share.

Delta’s refinery was also a bright spot, with revenue in the Trainer, Pennsylvania, facility surging 83% to $2.09 billion.

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Kalyan Jewellers jumps 9%, m-cap swells by Rs 13,280 crore in 3 days. What’s next?

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Kalyan Jewellers jumps 9%, m-cap swells by Rs 13,280 crore in 3 days. What's next?
The shares of Kalyan Jewellers India continued to record stellar gains for its shareholders, soaring another 9% on Friday to extend its rally to a whopping 36% over three consecutive sessions after a strong Q1 business update.

The company’s shares jumped to Rs 483.40 apiece on the NSE on Friday morning, the highest level seen by the stock in nearly six months. The sharp gains over the three days added more than Rs 13,280 crore in investors’ wealth, pushing the company’s market capitalisation to Rs 49,896 crore.

Kalyan Jewellers Q1 business update

Kalyan Jewellers on Tuesday said the April-June quarter of the ongoing financial year 2027 was a “very satisfying one” as it recorded consolidated revenue growth of nearly 38% when compared to the same period in the previous financial year. The gold jewellery maker’s 38% revenue growth came despite the 28-day Adhik Maas period falling fully in the recently concluded quarter, when several customers typically avoid gold purchases.

The company also posted same-store sales growth of approximately 28%. The share of recycled gold as a percentage of revenue rose to over 46% during Q1 FY27. For the month of June, the share of recycled gold as a percentage of revenue was in excess of 55%.

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The international operations recorded revenue growth of approximately 35% year-on-year (YoY) in Q1 FY27. “Within the Middle East specifically, we witnessed revenue growth of approximately 30% for Q1 FY27 as compared to Q1 FY26, driven predominantly by same-store sales growth despite the impact on footfall during April due to the geopolitical tensions in the region,” it added.

Kalyan launched 12 showrooms and 5 Candere showrooms in India during the quarter under review. “The ongoing quarter has started well, and we are upbeat about the new showroom launches, gearing up with fresh collections and campaigns for the upcoming festive and wedding season across the country,” the company added further in a statement.


Also read: Jewellery companies put shine on D-St with strong biz updates

What lies ahead for Kalyan Jewellers shares?

Citi remains bullish on the shares of Kalyan Jewellers and believes the stock has the potential to rise to Rs 750 apiece. This implies an upside potential of more than 69% from the stock’s previous closing price of Rs 443 apiece. The international brokerage expects the company’s franchise-led expansion strategy to continue supporting revenue growth. It also believes the company’s asset-light model will aid deleveraging and improve return on capital employed (ROCE).
ICICI Securities, meanwhile, maintained a Buy rating on the stock with a target price of Rs 670, implying an upside of more than 51%. The brokerage said Kalyan Jewellers’ strong Q1 FY27 performance despite multiple headwinds reflects resilient underlying jewellery demand.It believes continued store expansion and the ongoing formalisation of the jewellery industry reinforce its positive outlook, although it cautioned that any structural decline in natural diamond prices remains a key risk.

Kalyan Jewellers share price

Kalyan Jewellers shares have jumped 25% in one week and more than 40% in one month. The stock is, however, down around 2% in 2026 so far and 19% in one year. In the longer term, the stock has delivered 190% returns over three years and 514% in five years.

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Also read: Kalyan Jewellers stock to double from here? Why analysts are bullish

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Dixon Tech shares jump 4% on govt nod to form JV with Vivo. What are experts saying?

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Dixon Tech shares jump 4% on govt nod to form JV with Vivo. What are experts saying?
Shares of Dixon Technologies India jumped as much as 4% to Rs 14,027 on the BSE on Friday after Chinese smartphone brand Vivo Mobile India received the long-pending government approval to form a joint-venture partnership with Dixon for manufacturing of smartphones.

Both companies had signed a binding term sheet in December 2024 under which the electronics manufacturer will hold 51% of the share capital, while Vivo India will have 49% share. The joint-venture was pending government approval under the Press Note 3 of 2020 which mandates companies from countries sharing a land border with India to require government approval to invest in India.

Also Read | Vivo receives govt’s nod to form JV with Dixon Technologies to manufacture smartphonesThe joint-venture entity will act as the original equipment manufacturer (OEM) of electronic devices including smartphones for Vivo Mobiles in India. The entity can also engage in manufacturing for other brands, Dixon said.

What are experts saying?

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Emkay raised its target price to Rs 15,200 (13%upside) from Rs 13,477 while maintaining a Buy rating on the counter. The brokerage said regulatory approval for the 51:49 joint venture with Vivo removes a key overhang and paves the way for large-scale manufacturing of Vivo smartphones. It has raised its Vivo production estimates to 6.5 million units in FY27 and 18 million units in FY28, resulting in 14% and 17% upgrades to its FY27 and FY28 EPS estimates, respectively.


Emkay noted that Dixon already accounts for 45-50% of India’s smartphone manufacturing capacity, with the Vivo JV expected to further strengthen its leadership. It also sees continued policy support for domestic electronics manufacturing, including the proposed Mobile PLI 2.0 scheme, as a key growth driver. The brokerage believes Dixon’s strong return ratios, negative working capital cycle and robust cash generation justify its premium valuation and remains positive on the stock.
Nomura has maintained its Buy rating on Dixon Technologies with a target price of Rs 13,813. It believes the regulatory approval for the joint venture improves volume visibility for Dixon, which currently accounts for around 18% of India’s mobile manufacturing with approximately 33 million units in FY26. Assuming Dixon secures around 70% of Vivo’s production, Nomura estimates its annual output could rise to nearly 60 million units over the next few years, translating into a 35-38% market share. Also Read | Dixon, Amber, Syrma: Harshit Kapadia on why India’s EMS sector is back on the radar & which stocks to buyThe brokerage expects the JV to commence operations from September 2026, with VMI production estimated at 12 million units in FY27, rising to around 17 million units in FY28 and increasing further in FY29. It believes Dixon has strong visibility of producing around 55 million mobile units in FY28, with scope for additional growth thereafter.

Vivo is the country’s leading smartphone player by volumes, with an estimated 23% market share and shipments of around 35 million units in CY25, up 15% year-on-year despite an industry-wide volume decline of around 2% following sharp price hikes.

Dixon’s management has been bullish on the joint-venture agreement unlocking further manufacturing volumes for the company, which has become one of the largest smartphone makers in India.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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At Close of Business podcast July 10 2026

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At Close of Business podcast July 10 2026

Isabel Vieira and Jack McGinn talk about Forrestania Resources and its growth over the past year.

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Vapes to have less enticing names and flavours to protect children

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A photo of many bright, multicoloured vapes in different shapes and sizes.

There is no legitimate reason for nicotine products to come in neon packaging, feature cartoon images, or use flavours and branding designed to catch a child’s eye, say health experts.

Murray said: “The evidence is clear: there are too many young people experimenting with vapes, attracted by the array of flavours, bright colours and marketing displays.

“We must act now to reduce the appeal of addictive vapes to our children.

“Vapes are less harmful than cigarettes and can play an important role in helping adult smokers to quit, but they should never be designed or marketed in ways that tempt children.

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“These proposals are about striking the right balance and I urge everyone to have their say.”

The 100 day consultation follows the recent passing of the Tobacco and Vapes Act, which sets out proposals to create the UK’s first smoke-free generation, protecting children from nicotine addiction, while ensuring adult smokers can still access vaping products to help them quit.

Children aged 17 or younger now face a lifelong ban on buying cigarettes, since it will be illegal for shops to sell tobacco to anyone born after 1 January 2009.

And it gives the power to ban vaping in cars carrying children, in playgrounds and outside schools and at hospitals, expanding smoke-free laws.

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It follows a ban on single-use vapes and comes ahead of future bans on the sale of vapes from vending machines and a planned end to the advertising and sponsorship of vapes.

Around one million or nearly one in every five 11-17 year olds in Great Britain reported trying vaping in 2025, according to the charity Action on Smoking and Health.

The consultation also proposes inserts for cigarette packs telling buyers where to get help to quit and plans to make all tobacco products – including cigarette rolling paper and cigars – come in plain packaging.

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Dr Reddy’s shares crash 9% in 2 days; brokerages slash target prices after semaglutide supply disruption. What lies ahead?

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Dr Reddy's shares crash 9% in 2 days; brokerages slash target prices after semaglutide supply disruption. What lies ahead?
The shares of Dr Reddy’s Laboratories tumbled another 4% on Friday, extending their decline to more than 9% over two days after the company said commercial supplies of its semaglutide product would be delayed due to a quality-related issue involving the active pharmaceutical ingredient (API) used in certain batches.

The pharma company’s shares fell to Rs 1,222 apiece, their lowest level in nearly three months, wiping out more than Rs 10,600 crore in market capitalisation over two sessions and taking its market value below Rs 1.02 lakh crore.

Dr Reddy’s Labs on Thursday announced that certain batches of semaglutide were found to be out of specification due to an issue associated with the active pharmaceutical ingredient (API) used in the product. It added that it is investigating the root cause and taking appropriate measures to ensure product quality.

“Until the issue is resolved, commercial supplies of the product will be delayed for a certain period of time. There is no impact on patient safety or on the product’s existing global regulatory filings. We remain committed to ensuring reliable global supplies of this important metabolic therapy,” the company said.

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Nuvama on Dr Reddy’s Labs share price

Nuvama maintained its ‘Buy’ rating on the shares of Dr Reddy’s Labs, but reduced its target price to Rs 1,465 apiece from Rs 1,560 apiece. The latest target price implies an upside potential of more than 15% from the stock’s previous closing price.
The brokerage said that the latest development process-driven setback, although an extended halt can be a challenge to the company’s FY27 earnings. “We reckon this affects the near-term ramp-up, with supply to the CMO partner being halted until validation is complete. DRRD now expects to supply 6–7 million pens in FY27. While Abatacept approval remains on track for December 2026 and anchors our core thesis, the semaglutide API issue raises the risk to our estimates. Semaglutide’s contribution would now be missing in Q2 FY27,” it added.
JM Financial on Dr Reddy’s Labs share price

JM Financial maintained its ‘Buy’ rating on the shares of Dr Reddy’s Labs, but cut its target price to Rs 1,561 apiece from Rs 1,596 apiece. The latest target price implies an upside potential of nearly 23% from the stock’s previous closing price.

The domestic brokerage slashed its revenue, EBITDA and profit after tax estimates for FY27 by 7%, 16% and 18%, respectively. “We believe the company will be able to ramp up its operations to the previously guided levels by FY28. In addition, the Abatacept opportunity in FY28 should drive the EPS to Rs 78. The stock currently trades at 16x FY28 earnings, which we view as attractive given the upcoming growth catalysts,” it added.

Also read: Dr Reddy’s shares slide after delay in semaglutide supplies over quality concerns

Motilal Oswal on Dr Reddy’s Labs share price

Motilal Oswal maintained its ‘Neutral’ rating on the shares of Dr Reddy’s Labs, with a revised target price of Rs 1,210 apiece. The latest target price implies a downside potential of nearly 5% from the stock’s previous closing price.

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The domestic brokerage highlighted that the delay in the commercial supply of semaglutide, due to an out-of-specification impurity issue in the semaglutide formulation, is expected to postpone the product ramp-up. “Factoring in the slower semaglutide ramp-up, we cut our FY27/FY28 earnings estimates by nearly 11%/2%, respectively…While earnings are likely to remain under pressure in FY27 amid lower g-Revlimid contribution and delayed semaglutide supplies, we expect recovery from FY28 onwards, driven by normalisation in semaglutide sales, improving base business growth, and potential Abatacept approval,” it added.

Systematix on Dr Reddy’s Labs share price

Systematix Institutional Equities downgraded its rating on the shares of Dr Reddy’s Labs from ‘Buy’ to ‘Hold’, and reduced its target price to Rs 1,398 apiece, implying a 10% downside potential.

The brokerage believes that execution risk remains, with the possibility of further delays should the validation process take longer than anticipated. That said, its FY27 forecasts had already incorporated a prudent launch ramp-up, with volume assumptions materially below management’s revised guidance of 6–7 million pens and therefore remain largely unchanged, it added.

“However, we believe the temporary disruption could diminish Dr Reddy’s first-mover advantage, allowing competing players to enter the market earlier and potentially moderating pricing power and market share gains over the medium term,” the brokerage said.

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Also read: Dr Reddy’s pauses weight loss drug on quality fears

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Authentic Inks Partnership With Experience Group for Lee in Europe

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Authentic Inks Partnership With Experience Group for Lee in Europe

Authentic Brands Group (ABG) is putting a plan in place for Lee overseas.

The global brand development, marketing and entertainment platform announced a new long-term partnership with strategic retail and distribution firm Experience Group for Lee across Europe.

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Madrid-based Experience Group will serve as Lee‘s operating partner across Europe leveraging its regional expertise, operating infrastructure and product capabilities to support the next phase of growth for the brand.

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The agreement covers men’s and women’s sportswear, activewear and workwear. ABG said it is designed to strengthen Lee’s presence across wholesale, retail and e-commerce channels while expanding the brand’s reach in international markets.

“This partnership is an important step in Lee’s international expansion strategy and reflects the strength of our platform model,” said Henry Stupp, president, EMEAI at Authentic. “Experience Group brings deep knowledge of the region, proven operating capabilities and a clear understanding of how to build brands across channels. Together, we see a significant opportunity to grow Lee’s presence across Europe while continuing to deliver the products and experiences consumers know and love.”

The partnership will take effect following the closing of ABG’s acquisition of the heritage denim brand, which is expected to close in the second half of 2026. In May, ABG signed a definitive agreement with Kontoor Brands Inc. to acquire Lee in a deal valued at up to $1 billion.

Experience Group owns and operates retail and wholesale businesses under license partnerships with international corporations including Vans, Columbia, New Era, Sperry and more. It operates more than 100 stores across five European countries and operates a logistics platform and distribution network.

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“We are proud to partner with Authentic on the next chapter of Lee’s growth across Europe,” said Nacho Puig, Experience Group CEO and co-founder. “Lee is a brand with global recognition and a strong foundation in denim and lifestyle. We look forward to building on that legacy by bringing Lee’s denim heritage, craftsmanship and product offering to more consumers across the region while creating new opportunities for the brand’s future.”

Last month, ABG announced a partnership with One Jeanswear Group for the U.S. and Canada.

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Altria Group: High Dividends Are Much More Addictive Than Nicotine (NYSE:MO)

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Altria Group: High Dividends Are Much More Addictive Than Nicotine (NYSE:MO)

This article was written by

I have been working in the logistics sector for almost two decades. I have been into stock investing and macroeconomic analysis for almost a decade. Currently, I focus on ASEAN and NYSE/NASDAQ Stocks, particularly in banks, telco, logistics, and hotels. Since 2014, I have been trading on the PH stock market. I focus on banking, telco, and retail sectors. A colleague encouraged me to engage in the stock market as part of my portfolio diversification instead of putting all my savings in banks and properties. That was also the year when insurance companies became very popular in the PH. Initially, I invested in popular blue-chip companies. Now, I have investments across different industries and market cap sizes. There are stocks I hold for my retirement, while others are purely for trading profits. In 2020, I also entered the US Market. It was about a year after I discovered Seeking Alpha. Originally, I was using the trading account of NY CA-based cousin. Somehow, I acted like his personal broker. That made me more aware of the US market before deciding to open my own account. I decided to write for Seeking Alpha to share and gain more knowledge since I have been trading on the US market for only four years. Like in the ASEAN market, I have holdings in US banks, hotels, shipping, and logistics companies. I discovered it in 2018. Since then, I have been using the analyses here to compare them to the ones I’m doing in the PH Market.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in MO over the next 72 hours. 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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Bharti Airtel fixes record date for its highest-ever dividend of Rs 24/share. What’s the last date to buy?

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Bharti Airtel fixes record date for its highest-ever dividend of Rs 24/share. What’s the last date to buy?
Telecom major Bharti Airtel on Friday fixed July 24 (Friday) as the record date to determine eligibility of shareholders for its highest-ever annual dividend payout of Rs 24 per share for the financial year which ended on March 31, 2026.

Bharti Airtel, in May, announced that its board of directors recommended a final dividend of Rs 24 per fully paid-up equity share for FY26, subject to shareholders’ approval. This comes after the company paid a dividend of Rs 16 per share in July last year, and Rs 8 per share in the year before.

The telco has declared 22 dividends since July, 2009, and currently has a dividend yield of 0.84%, according to data on Trendlyne.

How to be eligible for Bharti Airtel’s dividend?

Bharti Airtel in an exchange filing released on Friday said that the Rs 24 dividend will be paid to shareholders whose names appear in the depository records as at close of business hours on Friday, July 24. This effectively makes July 23 (Thursday) the last date for interested investors to buy shares of the company to be eligible for the dividend payout.

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Under Sebi’s T+1 settlement cycle, investors must purchase a company’s shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. Therefore, July 23 would be the last opportunity for investors to buy the shares so that they are credited to their accounts by July 24, making them eligible for Bharti Airtel’s dividend.

Also read: TCS announces interim dividend of Rs 12 per share. Check record date

Bharti Airtel share price

Bharti Airtel shares dropped nearly 1% to trade at Rs 1,915 apiece, as seen at 11.50 am on Friday. The stock has gained around 8% in one month but dropped more than 9% in 2026 so far and 3% in one year. In the longer term, the shares of the company have delivered 116% returns over three years and 261% over five years.


Nomura in a recent note named Bharti Airtel its top telecom pick and increased its target price to Rs 2,355 apiece, while highlighting that the implied valuation discount when compared to Reliance Industries’ Jio Platform is unwarranted.
The international brokerage maintained its ‘Buy’ call on the stock. The latest target price implies an upside potential of nearly 22% from the stock’s previous closing price of Rs 1,931.10 apiece on NSE.Also read: 10 reasons why Nomura stays bullish on Bharti Airtel

Calling Bharti Airtel an “ARPU compounder with multiple optionalities”, Nomura said that it is one of India’s premium telecom companies, and a structural beneficiary of a consolidated three-player market. “With 5G rollout largely complete and capex intensity past its peak, we believe the resulting strong FCF generation is playing out into a deleveraging cycle,” it said.

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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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