Latest news with #LuxembourgCity
Yahoo
5 days ago
- Business
- Yahoo
Should You Invest in Spotify (SPOT)?
Sands Capital, an investment management company, released its 'Sands Capital Technology Innovators Fund' Q2 2025 investor letter. A copy of the letter can be downloaded here. Technology Innovators focus on pioneering businesses worldwide that serve as key drivers or beneficiaries of significant long-term changes driven by technology. The fund returned 26.0% (net) in the second quarter compared to a 21.9% return for the benchmark, MSCI ACWI Info Tech and Communication Services Index. Easing geopolitical concerns, renewed AI optimism, resilient macroeconomic data, strong corporate earnings, and technical tailwinds boosted the markets for a quick recovery in the quarter. You can check the fund's top 5 holdings to know more about its best picks for 2025. In its second-quarter 2025 investor letter, Sands Capital Technology Innovators Fund highlighted stocks such as Spotify Technology S.A. (NYSE:SPOT). Headquartered in Luxembourg City, Luxembourg, Spotify Technology S.A. (NYSE:SPOT) offers audio streaming subscription services. Spotify Technology S.A. (NYSE:SPOT) shares posted a return of -11.80% over the past month and appreciated by 111.70% over the last 12 months. On July 24, 2025, Spotify Technology S.A. (NYSE:SPOT) stock closed at $681.42 per share, with a market capitalization of $139.729 billion. Sands Capital Technology Innovators Fund stated the following regarding Spotify Technology S.A. (NYSE:SPOT) in its second quarter 2025 investor letter: "Spotify Technology S.A. (NYSE:SPOT) is the world's largest subscription streaming audio service by market share. Recorded music has seen significant distribution shifts—from vinyl to cassette to CDs—over the past 50 years. Today, streaming accounts for the bulk of industry revenue, and we view streaming as the natural end-state, given the consumer value proposition and balance of power between artists and labels. Within streaming, Spotify has outsized market share and user engagement. This has resulted in relatively inelastic demand and, in turn, pricing power. We ultimately view the addressable market as anyone with internet access globally. Unlike with video streaming, consumers tend to subscribe to only a single audio streaming service. Spotify's leadership position has become further entrenched with music labels' growing dependence on streaming revenue. Over our five-year horizon, we expect gross margin improvement from advertising and partnership agreements with labels, with operating margin improvement also driven by cost discipline." A person wearing headphones listening to an audio streaming service. Spotify Technology S.A. (NYSE:SPOT) is in 25th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 106 hedge fund portfolios held Spotify Technology S.A. (NYSE:SPOT) at the end of the first quarter, which was 101 in the previous quarter. While we acknowledge the potential of Spotify Technology S.A. (NYSE:SPOT) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Spotify Technology S.A. (NYSE:SPOT) and shared the list of best global stocks to buy. In its Q2 2025 investor letter, Rowan Street Capital reaffirmed its long-term conviction in Spotify Technology S.A. (NYSE:SPOT). In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. 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
17-07-2025
- Business
- Yahoo
OHI Group S.A. Announces Consent Solicitation Relating to its U.S.$400,000,000 13.000% Senior Secured Amortizing Notes due 2029 Regulation S Notes: CUSIP L7S61M AB5, ISIN USL7S61MAB59 Rule 144A Notes: CUSIP 67712M AB5, ISIN US67712MAB54
(the "Notes") LUXEMBOURG, July 17, 2025 /PRNewswire/ -- OHI Group S.A. (the "Issuer") announced today that it launched a solicitation (the "Solicitation") for consents (the "Consents") from holders of the Notes (the "Holders") to approve certain amendments and waivers to the indenture dated July 22, 2024 relating to the Notes (as amended or supplemented from time to time, the "Indenture") to (a) provide for a mandatory redemption of $20.0 million aggregate principal amount of Notes at a price of 105%, of the aggregate principal amount of such Notes, plus accrued and unpaid interest and Additional Amounts, if any, to be paid within five (5) Business Days of the Effective Time and (b) permit the Issuer to retain and utilize the remaining $20.0 million of Unutilized Fleet Expansion Proceeds for general corporate purposes without the need to provide any additional security, (ii) waive any Defaults or Events of Default under the Indenture arising as a result of the current Fleet Expansion Mandatory Redemption provisions of the Indenture, and (iii) make any ancillary amendments to the Indenture required to effect the foregoing amendments and waivers (collectively, the "Proposed Amendments and Proposed Waivers"). Adoption of the Proposed Amendments and Proposed Waivers under the Indenture requires the Consents of the Holders of a majority of the aggregate principal amount of the Notes then outstanding (such consents, the "Required Consents"). A Consent may be validly revoked by a Holder at any time prior to, but not on or after, the Effective Time (as defined below) and will automatically terminate and not be effective if the Required Consents are not obtained on or prior to the Expiration Time (as defined below). Assuming the Issuer receives the Required Consents, each present and future Holder will be bound by the Proposed Amendments and Proposed Waivers to the Indenture once they become operative, whether or not such Holder delivered a Consent. The Issuer expects that, promptly after receipt of the Required Consents on or prior to the Expiration Time, it will give notice to BNY Mellon Corporate Trustee Services Limited as trustee under the Indenture (the "Trustee") that the Required Consents have been received (such time, the "Effective Time"), and the Issuer and the Trustee will execute a supplemental indenture to the Indenture, at a convenient time as soon as practicable thereafter. Holders should note that the Effective Time may fall prior to the Expiration Time, and, if so, Holders may not be given prior notice of such Effective Time. The Solicitation will expire at 5:00 p.m., New York time, on July 22, 2025 (such date and time, as the Issuer may extend from time to time in its sole discretion, the "Expiration Time"). The Solicitation is being made solely on the terms and subject to the conditions set forth in the Issuer's consent solicitation statement in respect of the Notes, dated as of July 16, 2025 (the "Consent Solicitation Statement"). The Issuer may, in its sole discretion, terminate, extend or amend the Solicitation at any time as described in the Consent Solicitation Statement. Copies of the Consent Solicitation Statement may be obtained from Kroll Issuer Services Limited, the information and tabulation agent in connection with the Solicitation (the "Information and Tabulation Agent"), at ohigroup@ (Attn: Arlind Bytyqi) or +44 20 7704 0880. Holders of the Notes are urged to review the Consent Solicitation Statement for the detailed terms of the Solicitation and the procedures for consenting to the Proposed Amendments and Proposed Waivers. Holders may also contact Morgan Stanley & Co. LLC, the solicitation agent, in connection with the Solicitation (the "Solicitation Agent") at lmny@ (Attn: Global Debt Advisory Group) or +1 212-761-1057 or +1 800-624-1808. This announcement is for information purposes only and does not constitute an offer to purchase Notes, a solicitation of an offer to sell Notes or a solicitation of consents of Holders and shall not be deemed to be an offer to purchase, a solicitation of an offer to sell or a solicitation of consents with respect to any securities of the Issuer or its affiliates. None of the Issuer, the Trustee, the Information and Tabulation Agent, the Solicitation Agent or any other person makes any recommendation as to whether or not Holders should deliver Consents. Each Holder must make its own decision as to whether or not to deliver Consents. Forward Looking Statements This release may contain forward-looking statements that involve substantial risks and uncertainties. All statements other than statements of historical facts included in this release including, without limitation, statements regarding OHI Group S.A.'s future financial position, risks and uncertainties related to its business, strategy, capital expenditures, projected costs and OHI Group S.A.'s plans and objectives for future operations, may be deemed to be forward-looking statements. Words such as "believe," "expect," "anticipate," "may," "assume," "plan," "intend," "will," "should," "estimate," "risk," and similar expressions or the negatives of these expressions are intended to identify forward-looking statements. By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. You should not place undue reliance on these forward-looking statements. OHI Group S.A. does not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Cautionary Statement Under no circumstances shall the Consent Solicitation Statement constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for the Notes in any jurisdiction. The Solicitation shall not be considered an "offer of securities to the public," or give rise to or require a prospectus in a European Economic Area member state or in the United Kingdom pursuant to Regulation (EU) 2017/1129 (as amended). The Solicitation is not being made to, and no consents are being solicited from, holders or beneficial owners of the Notes in any jurisdiction in which it is unlawful to make such consent solicitation or grant such consents. However, the Issuer may, in its sole discretion and in compliance with any applicable laws, take such actions as it may deem necessary to solicit consents in any jurisdiction and may extend the consent solicitation to, and solicit consents from, persons in such jurisdiction. The communication of the Consent Solicitation Statement and any other documents or materials relating to the Consents (as defined in the Consent Solicitation Statement) is not being made, and such documents and/or materials have not been approved, by an authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000 (the "FSMA"). Accordingly, the Consent Solicitation Statement is not being distributed to, and must not be passed on to, the general public in the United Kingdom. Rather, the communication of the Consent Solicitation Statement as a financial promotion is being made to, and is directed only at: (a) those persons in the United Kingdom falling within the definition of Investment Professionals (contained in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order")) or within Article 43 of the Order, or other persons to whom it may lawfully be communicated in accordance with the Order; or (b) persons outside the United Kingdom. The Consent Solicitation Statement is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which the Consent Solicitation Statement relates is available only to relevant persons and will be engaged in only with relevant persons. The making of the consent solicitation may be restricted by laws and regulations in some jurisdictions. Persons into whose possession the Consent Solicitation Statement comes must inform themselves about and observe these restrictions. This release and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell, or a solicitation of an offer to buy or subscribe for, any securities in the United States of America or in any other jurisdiction. For further information, please contact: The Information and Tabulation Agent: Kroll Issuer Services LimitedTel: +44 20 7704 0880E-mail: ohigroup@ Arlind BytyqiConsent Website: The Solicitation Agent Morgan Stanley & Co. LLC585 BroadwayNew York, New York 10036Attention: Global Debt Advisory GroupPhone: +1 212-761-1057 or +1 800-624-1808E-mail: lmny@ View original content: SOURCE OHI Group S.A. Sign in to access your portfolio
Yahoo
17-07-2025
- Business
- Yahoo
Rowan Street Capital's Investment Journey with Spotify (SPOT)
Rowan Street Capital, an investment management company, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The first half of 2025 was strong for Rowan Street, with its fund up +20.1% (net) YTD, marking a remarkable three-year run. Since mid-2022, the fund has compounded capital at about 51.7% (net) annually, with a +249% total return. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its second quarter 2025 investor letter, Rowan Street Capital highlighted stocks such as Spotify Technology S.A. (NYSE:SPOT). Headquartered in Luxembourg City, Luxembourg, Spotify Technology S.A. (NYSE:SPOT) offers audio streaming subscription services. The one-month return of Spotify Technology S.A. (NYSE:SPOT) was -0.65%, and its shares have appreciated by 143.16% over the past 52 weeks. On July 16, 2025, Spotify Technology S.A. (NYSE:SPOT) closed at $705.55 per share, with a market capitalization of $144.677 billion. Rowan Street Capital stated the following regarding Spotify Technology S.A. (NYSE:SPOT) in its second quarter 2025 investor letter: "Listed in the table below are our core holdings, sorted by the length of our holding period. As you can see, we have been shareholders of Meta Platforms (META) and Spotify Technology S.A. (NYSE:SPOT) for over 7 years — a holding period that we aim for when we make an initial purchase. Our internal rate of return (IRR) on both investments has exceeded 20% annually A person wearing headphones listening to an audio streaming service. Spotify Technology S.A. (NYSE:SPOT) is in 25th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 106 hedge fund portfolios held Spotify Technology S.A. (NYSE:SPOT) at the end of the first quarter, which was 101 in the previous quarter. In Q1 2025, Spotify Technology S.A. (NYSE:SPOT) generated a total revenue of $4.2 billion, reflecting a year-over-year growth of 15% on a constant currency basis. While we acknowledge the potential of FI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Spotify Technology S.A. (NYSE:SPOT) and shared the list of best large cap stocks to buy. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Forbes
26-06-2025
- Business
- Forbes
The World's Cheapest And Most Expensive Cities: Deutsche Bank Report
View of Luxembourg City's Old Town Luxembourg has been listed as the world's most liveable city in the annual Mapping the World's Prices – 2025 report ranking the cheapest and most expensive cities by the Deutsche Bank Research Institute assessing global cost and quality-of-life indicators. The newly-released report, now in its ninth edition, tracks cost-of-living from rental prices to many goods and services including phones, coffee, beer, taxis, cinema tickets, denim and more in 69 cities relevant to financial markets, ranging from Abu Dhabi to Zurich. 'We have a surprise #1 in the quality-of-life stakes,' the report teases. 'A clue would be that this country is 90 spots lower in the FIFA football rankings.' With its mix of high incomes, free public transport and overall quality of life – the capital of the Grand Duchy of Luxembourg has surpassed wealthier cities like Zurich and Geneva. 'The breakdown of the quality-of-life index shows Luxembourg scoring strongly in purchasing power (6th), commute times (5th), and pollution levels (4th),' RTL Today reports. 'Utilities are not listed among the most expensive globally, suggesting that monthly costs for essentials like energy and water remain comparatively moderate.' Although, according to the report, mortgage payments in Luxembourg are relatively low as a percentage of household income, placing it alongside more affordable cities like Brussels and Chicago, 'that may come as a surprise to many residents," the publication explains. "Earlier this month, the June edition of the Politmonitor confirmed that housing remains the top concern among Luxembourg voters." The Five Top For Life Quality Scenic view of Copenhagen's Nyhavn harbor Following Luxembourg, the five top cities for best quality of life are Copenhagen, Amsterdam, Vienna and Helsinki. Because their cost of living is now the highest in the world, Zurich and Geneva have slipped out of the top five. With Geneva, Zurich, San Francisco and Boston, Luxembourg also ranks the highest for salaries after taxes, at $6,156, marking a 39% increase over the past five years and is the best performer in terms of quality of life next to Copenhagen and Amsterdam. Luxembourg's purchasing power has risen significantly since 2000, climbing 14 places globally, and its average inflation rate of 3.4% since 1971 is among the lowest worldwide. Other financial hubs such as Tokyo in 26th place, Paris 44th, Hong Kong 48th, London and New York tied at 50th, all scored lower on quality of life, hampered by expensive housing, long commutes and high levels of pollution. Some Ranking Surprises People and cars speed through Times Square in New York Another 'surprise' in the study is this: U.S. cities that 'rarely cracked the global top 10 for prices or pay are now jostling with Geneva and Zurich for the top in many of the charts.' New York is the priciest place to live in the city's center, with rent for a three-bedroom apartment costing an average $8,500 a month in 2025. The other American cities that appear among the 11 top ranking for high rents and groceries are Boston, San Francisco, Chicago and Los Angeles. A strong dollar, Wall Street strength and a tech sector that has gone global and remains American-led are among the reasons mentioned in the report that also advises that the trend may be reaching its peak 'at least in pricing terms.' A third 'surprise' in the report is how cheap fast-growing India remains versus its international peers, and predicts that 'it will largely be the third-largest economy in the world by the end of the decade.' Some Lighter Indicators The Mapping the World Prices report also includes lighter touches as it spotlights the cost of some daily indulgences as indicators – for example, the price of a cappucino being most expensive in Zurich, while the most expensive glass of wine is in Singapore. The least expensive location to buy a new iPhone? Seoul, Korea. The best place for a cheap date? Bangalore, India. Luxembourg, however, doesn't shine regarding one of the indicators: It's the third-most expensive place in the world for a five-kilometer taxi ride, behind only Zurich and Paris. Long Term Shifts By Country Looking at longer-term shifts in relative prices levels across countries' economies, the report notes that in 2000 the U.S. was second to Japan in terms of purchasing power parity (PPP). Since then, Japan has dropped 23 places, paying the price for excesses that peaked in the 1990s. Meanwhile, New Zealand rose 20 places, Luxembourg 14 places, Australia 14, Saudi Arabia 12, Czech Republic 11 and the UAE 11, moving up notably in the ranking. The U.S. declined 16 places between 2000 and 2010 to bounce back to #3 behind Switzerland and Israel by the start of 2025. The complete Deutsche Bank Research Institute report Mapping The World's Prices with commentaries and charts of the Cheapest and Most Expensive Cities can be found here. MORE FROM FORBES
Irish Times
10-06-2025
- Sport
- Irish Times
RTÉ lads do well not to nod off after dour Ireland game in Luxembourg
You never, of course, want to make fibbing accusations, but you do have to wonder about the relationship with the truth of anyone who claimed to be tingling in anticipation of this end-of-season friendly against Luxembourg in Stade de Luxembourg in Luxembourg City. RTÉ couldn't even find anyone to turn up for studio duty, commentator Des Curran and ads for Butternut Box having to fill their 15 minute build-up. As well as Tony O'Donoghue's chat with birthday boy Heimir Hallgrímsson who was eager to get his teeth in to this tussle and extend Ireland's 2025 unbeaten run. Five changes in all from Friday's draw with Senegal, but in truth, the biggest team news of the night was the choice of Ronnie Whelan as co-commentator. Now, Ronnie, at the best of times, would struggle to sound enthused by a World Cup final. Even if he'd been, say, in the box with Marty Morrissey for the Munster hurling final last weekend, he'd have spent his time asking 'is it nearly over?' Or, 'yeah, I know Aaron Gillane has scored 5-27, but he misses more than he scores'. READ MORE So thoughts and prayers to the chairperson of the RTÉ co-commentator-picking committee who had to tell Ronnie he was their man for this encounter, while Ray Houghton, Stephen Kelly and the rest of the lads were downing sangrias somewhere sunny. 'Are you looking forward to this one,' asked Des. 'Very much so,' Ronnie lied, although he professed himself to have been impressed – even uplifted – by Ireland's performance against Senegal. 'Things are going in the right direction,' he said, before admitting that he worries when his hopes are raised because it's then that 'something happens'. The problem was, that very little happened at all in that first half, other than Nathan Collins hitting the woodwork, Des telling us that after the Butternut Box break that they'd come back with 'the main moments' from the opening 45. One of them, in their highlights montage, was Troy Parrott having his shirt dragged by a Luxembourg person, another showing Will Smallbone ending up on his bottom in slow motion. Yes, there was our Nathan's near-miss, but other than that, the pick-out moment was that of a gentleman in a leprechaun outfit, possibly an EU employee, searching for a booger up his left nostril. 'Is it nearly over,' you could almost hear Ronnie ask. Pre-match he had declared that Luxembourg are 'no mugs', but by half-time he was beginning to wonder. About Ireland too. His enthusiasm for the contest was waning. 'It's not exactly what you want, you want to be on a beach somewhere putting your feet up,' he said, the only thought that might have comforted him that of Ray Houghton, Stephen Kelly suffering from sunstroke and sangria hangovers. Ireland's Nathan Collins after the game. Photograph: Ryan Byrne/Inpho There was time for him to reminisce, at Des's prompting, about his goal against Luxembourg in the Euro 88 qualifiers, although Ronnie couldn't quite remember if his hit was from 20, 40 or 100 yards, the story growing in the telling. No matter, he scored, which is what he very much desired Ireland to do at some point on this June 2025 evening. Luxembourg, granted, had their moments, Gerson Rodrigues among their greater threats, him taking a timeout from his conviction for assaulting his former partner, as the 'Red Card For Violence Against Women' banner in the crowd reminded us. Similar banners were forcibly removed from the crowd during Luxembourg's friendly last week because they were somewhat inflammatory and might well have broken the sport's ban on expressing any form of objection to bad things. Football, what are you like? Any way, on we went. This was, to be honest, no Munster hurling final. Des, fair play to him, maintained his enthusiasm, but Ronnie was wilting. 'Player of the match,' Des asked. 'It's a difficult one,' Ronnie replied, possibly having nodded off not long after half-time and having no clue how anyone performed thereafter. But he opted for Jason Knight, largely because he'd managed to stay awake through the game. 'It's a game that won't live long in the memory,' Des conceded. It'll take several gallons of sangria, you'd suspect, for Ronnie to recover from that one. Scoreless against Luxembourg in Stade de Luxembourg in Luxembourg City? He's thanking the footballing Gods that Ireland's season is finally over.
