URW Plans €3.1 Billion Shareholder Payouts After Retail Recovery
The Paris-based company will distribute €4.50 a share this year and is targeting a payout ratio of 60% to 70% from 2027, according to a statement Wednesday. Shares of URW gained as much as 1.75% in early Paris trading.
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CNN
28 minutes ago
- CNN
Zelensky calls for ceasefire talks with Russia next week
Ukrainian President Volodymyr Zelensky says he's calling for a meeting with Russia next week to push forward ceasefire talks. Ukraine's Secretary of the National Security and Defense Council of Ukraine, Rustem Umerov, has already proposed the next meeting with the Russian side for next week, Zelensky said during his daily address on Saturday. 'The dynamics of the negotiations must improve. We need to do everything possible to achieve a ceasefire. The Russian side must stop avoiding decisions regarding prisoner exchanges, the return of children, and the cessation of killings,' Zelensky said. 'A meeting at the leadership level is essential to genuinely secure peace. Ukraine is ready for such a meeting,' he added. Meanwhile, Russian state media outlet TASS reported that a source close to Russia's negotiating team confirmed that they had received Kyiv's proposal for a meeting. The last round of ceasefire talks in Istanbul ended swiftly in early June, with Russian and Ukrainian delegates meeting for barely over an hour before calling it quits. According to Russian state media, Russia put forward maximalist territorial demands as part of their preconditions for a ceasefire. Ukraine has previously refused to consider any territorial concessions in exchange for peace. Zelensky's call for talks arrives just after US President Donald Trump offered Russian President Vladimir Putin a 50-day window to achieve a ceasefire before the US implements high tariffs on Russian goods, alongside 'secondary tariffs' on goods from countries that purchase Russian oil. 'We're going to be doing very severe tariffs if we don't have a deal in 50 days,' Trump said during a meeting with NATO Secretary General Mark Rutte in the Oval Office earlier this week. 'I use trade for a lot of things,' Trump added. 'But it's great for settling wars.' Trump has expressed increasing frustration with Russian President Vladimir Putin in recent weeks, even complaining that Putin's assurances about ceasefire progress are 'bullshit.' Yet Western analysts and Ukrainian officials say that the president's 50-day-window is unlikely to deter Putin from accelerating Russia's summer offensive in the coming weeks. Moreover, Russian Foreign Minister Sergey Lavrov has dismissed Trump's threatened tariffs as mere bluster. 'Fifty days – it used to be 24 hours,' Lavrov said. 'It used to be 100 days; we've been through all of this.'
Yahoo
an hour ago
- Yahoo
ECB Won't Flinch Yet in the Shadow of Trump's Trade War
(Bloomberg) -- The European Central Bank is likely to stare down the economic danger posed by US President Donald Trump's tariffs by opting to leave a potential cut in borrowing costs for another day. The Dutch Intersection Is Coming to Save Your Life Why the Federal Reserve's Building Renovation Costs $2.5 Billion Milan Corruption Probe Casts Shadow Over Property Boom Mumbai Facelift Is Inspired by 200-Year-Old New York Blueprint How San Jose's Mayor Is Working to Build an AI Capital In their final decision before a seven-week summer break, policymakers on Thursday will probably keep the interest rate unchanged at 2%, pushing off a response to Trump's threatened tariffs of 30% until they materialize and their impact can be better assessed. With many officials likely to use the interlude for a long holiday, the temptation to restate that inflation is at target, and to postpone worrying about the economic outlook until new quarterly forecasts are compiled for the Sept. 10-11 meeting, may seem appropriate. What policymakers do know, however, is that trouble is lurking. Aside from concerns about tariffs, the euro has strengthened, damping the outlook for prices and threatening to further squeeze exporters. Meanwhile, another political crisis in France may be brewing over its bloated public finances. Given that backdrop, the ECB Governing Council could acknowledge among themselves that the chance of another rate cut in September is growing, even if they stick with their well-worn 'meeting-by-meeting' approach to decision making. In that vein, President Christine Lagarde, in her opening statement to reporters on Thursday, is likely to restate that risks to growth are 'tilted to the downside,' Morgan Stanley economists wrote in a preview titled 'Ready for the Beach.' What Bloomberg Economics Says: 'We expect the Governing Council's language after the July 24 meeting to be similar to the wording in June, leaving open the possibility of additional cuts without committing to them.' —David Powell, senior euro-area economist. For full analysis, click here Economic reports in the coming week will inform their deliberations. They include the ECB's own bank lending survey, due on Tuesday, consumer confidence on Wednesday, and purchasing manager indexes from across the region and other major economies, set for release on Thursday, hours before the outcome of the ECB deliberations. Other key indicators such as Germany's closely-watched Ifo business confidence and Italian economic sentiment will follow on Friday. Elsewhere, inflation numbers from Japan to Brazil and testimony by the UK central bank chief are among the things in store for investors. Click here for what happened in the past week, and below is our wrap of what's coming up in the global economy. US and Canada The US economic data calendar is relatively light and highlighted by a pair of housing market reports. On Wednesday, June data from the National Association of Realtors are projected to show a third month of scant change in sales of previously owned homes. Contract closings have been hovering near an annualized rate of 4 million, just above last year's level that was the weakest since 2010. Meanwhile, economists expect a government report on Thursday to show new-home sales recovered a bit in June after posting the biggest monthly decline since 2022. The pace of contract signings on new houses has largely trended sideways for the better part of two years. The housing market has struggled to gain traction as elevated mortgage interest rates and affordability constraints keep many potential buyers sidelined. Other reports include Friday's release of June durable goods orders, preceded by S&P Global's July manufacturing and services surveys on Thursday. Fed policymakers are in a blackout period ahead of their July 29-30 meeting, although Chair Jerome Powell on Tuesday gives welcoming remarks at a conference focused on capital frameworks for large banks. For more, read Bloomberg Economics' full Week Ahead for the US Further north, the Bank of Canada's business and consumer surveys for the second quarter will offer fresh insight into inflation expectations and investment plans. Retail data for May and a flash estimate for June are likely to show slumping sales as consumers pull back after a tariff-driven rush to buy cars earlier in the year. Two fiscal monitors from the federal government may contain more details about retaliatory tariff revenues collected to date. Asia Asia's data docket offers a broad cross-section of economic signals, from trade in South Korea to inflation indicators in Japan, Singapore and New Zealand. The figures will help clarify how the region's economies are responding to trade-related uncertainties. South Korea opens the week on Monday with 20-day trade data, an early indicator for July exports. Next follows consumer confidence on Wednesday and retail sales during the week, offering a read on household conditions after the Bank of Korea held rates steady this month. Also on Monday, China will release loan prime rates, which are expected to be kept steady for a second month in July, taking a cue from the People's Bank of China. Australia takes the spotlight on Tuesday with minutes from the Reserve Bank's July policy meeting, at which it shocked investors by keeping rates on hold at 3.85%. The minutes may offer a clearer sense of how close policymakers are to resuming their easing cycle. RBA Governor Michele Bullock is gives a speech on Thursday. On Tuesday, Taiwan is set to publish export orders for June, along with employment data. India's July PMIs, due Thursday, will indicate the resilience of both manufacturing and services activity. Japan closes out the week on Friday with a full slate of data, including Tokyo CPI, department store sales and factory activity. The inflation reading will offer an early steer on national price trends, while the other releases will help assess how well domestic demand and production are holding up. New Zealand reports second-quarter inflation on Monday, while Singapore publishes its price gauges on Wednesday and industrial production data on Friday. Thailand has car sales and customs trade balance figures during the week. For more, read Bloomberg Economics' full Week Ahead for Asia Europe, Middle East, Africa The UK will release public finance data on Tuesday at a time when its economic woes and fiscal position are very much in focus. With unemployment at a four-year high and growth faltering, PMI numbers on Thursday and retail sales on Friday may also draw attention. Britain's exposure to market stress may be a topic when Bank of England Governor Andrew Bailey and colleagues testify on financial stability to lawmakers on Tuesday. Their report on the matter earlier this month highlighted how UK bonds risk being hit by a wave of forced selling by highly leveraged hedge funds. Consumer-price numbers are among the highlights elsewhere. Data on Wednesday from South Africa will likely show inflation quickened to 3.1% in June from 2.8%, due to higher meat prices. Iceland's equivalent numbers are published the following day. For more, read Bloomberg Economics' full Week Ahead for EMEA Aside from the ECB, other rate decisions are scheduled across the wider region: Nigerian policymakers will probably leave their key rate unchanged at 27.5% for a third straight meeting on Tuesday, as inflation at 22.2% remains elevated and both core and food price growth have started accelerating again. Hungary's central bank is expected to keep borrowing costs on hold for a 10th consecutive month the same day, despite a sluggish economy, after inflation accelerated in June. The Ukrainian central bank is set to decide on policy two days later. Officials in Kyiv have kept the main rate at 15.5% since a hike in March. Turkish policymakers are expected to resume cutting borrowing costs on Thursday after reversing course in the face of political turbulence in March. The central bank is forecast to cut the key rate to 43.5% from 46%. The Bank of Russia has indicated it's likely to lower borrowing costs when policymakers meet on Friday, possibly by more than the 100 basis points reduction it announced in June that brought the key rate to 20% from a record high 21%. Latin America Argentina on Monday posts May GDP-proxy data. Economic activity in April jumped 1.9% from March and 7.7% a year earlier as President Javier Milei loosened some currency controls, part of a $20 billion agreement with the International Monetary Fund. Analysts surveyed by Bloomberg last month marked up their year-on-year forecasts for Argentina's second- and third-quarter output, to 8% and 4.2% respectively. Mexico, Latin America's No. 2 economy, takes center stage at mid-week, offering up economic activity data along with the mid-month consumer prices report. The May GDP-proxy print on Tuesday comes on the heels of April's better-than-expected readings, and after the economy flirted with a technical recession earlier in the year. A proliferation of headwinds — not least of which are US tariff and trade policies — has many analysts forecasting a shallow second-quarter slump, though. After a string of uncomfortably warm inflation readings, Mexico's June prints ticked down as supply shocks cooled. Against the backdrop of forecasts for modest disinflation, the central bank has signaled that it's likely to slow the pace of its easing cycle. Closing out the week, Brazil's mid-month inflation report will likely see a third straight lower reading under the weight of the highest borrowing costs in nearly two decades. Inflation expectations for 2025 have begun to come down, but remain above the central bank's target to the forecast horizon. For more, read Bloomberg Economics' full Week Ahead for Latin America --With assistance from Beril Akman, Mark Evans, Vince Golle, Tony Halpin, Erik Hertzberg, Robert Jameson, Swati Pandey and Monique Vanek. A Rebel Army Is Building a Rare-Earth Empire on China's Border How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All What the Tough Job Market for New College Grads Says About the Economy Godzilla Conquered Japan. Now Its Owner Plots a Global Takeover How Taylor Swift Turned a Glitter Freckle Maker Into a Sensation ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Return Trends At Livestock Improvement (NZSE:LIC) Aren't Appealing
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Having said that, from a first glance at Livestock Improvement (NZSE:LIC) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Return On Capital Employed (ROCE): What Is It? For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for Livestock Improvement: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.074 = NZ$28m ÷ (NZ$410m - NZ$30m) (Based on the trailing twelve months to May 2025). Thus, Livestock Improvement has an ROCE of 7.4%. Ultimately, that's a low return and it under-performs the Food industry average of 9.6%. View our latest analysis for Livestock Improvement Historical performance is a great place to start when researching a stock so above you can see the gauge for Livestock Improvement's ROCE against it's prior returns. If you'd like to look at how Livestock Improvement has performed in the past in other metrics, you can view this free graph of Livestock Improvement's past earnings, revenue and cash flow. What Can We Tell From Livestock Improvement's ROCE Trend? Over the past five years, Livestock Improvement's ROCE and capital employed have both remained mostly flat. It's not uncommon to see this when looking at a mature and stable business that isn't re-investing its earnings because it has likely passed that phase of the business cycle. So don't be surprised if Livestock Improvement doesn't end up being a multi-bagger in a few years time. In Conclusion... In a nutshell, Livestock Improvement has been trudging along with the same returns from the same amount of capital over the last five years. Investors must think there's better things to come because the stock has knocked it out of the park, delivering a 145% gain to shareholders who have held over the last five years. Ultimately, if the underlying trends persist, we wouldn't hold our breath on it being a multi-bagger going forward. Livestock Improvement does come with some risks though, we found 4 warning signs in our investment analysis, and 2 of those don't sit too well with us... If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
