Sustainable Growth Advisers (SGA), an investment management company, released its second-quarter 2026 investor letter for its "Global Growth Strategy." The letter can be downloaded here. The SGA Global Growth Portfolio returned 7.4% gross and 7.2% net, compared with 14.9% for the MSCI ACWI and 19.8% for the MSCI ACWI Growth Index. Momentum leadership and enthusiasm around AI infrastructure drove markets, with semiconductor, memory, and hardware stocks accounting for much of the gain. Although the portfolio owned AI beneficiaries, broader holdings lagged despite fundamentals, as median revenue and EPS growth reached 12% and 14% and more than 60% of the holdings beat expectations. SGA believes valuation compression reflects sentiment rather than weaker business quality, leaving the portfolio near its widest discount to the market since inception. The firm continues to favor durable compounders and expects 16% revenue growth and 20% earnings growth over three years. Also, please check the Fund's top five holdings to see its best picks for 2026.
In its second-quarter 2026 investor letter, SGA Global Growth Strategy highlighted Intuit Inc. (NASDAQ:INTU). Intuit Inc. (NASDAQ:INTU) provides financial management, payments and capital, compliance, and marketing products and services. On August 21, 2026, Intuit Inc. (NASDAQ:INTU) closed at $367.00 per share. The one-month return of Intuit Inc. (NASDAQ:INTU) was 20.76%, and its shares lost 44.14% over the past 52 weeks. Intuit Inc. (NASDAQ:INTU) has a market capitalization of $100.4 billion.
SGA Global Growth Strategy stated the following regarding Intuit Inc. (NASDAQ:INTU) in its Q2 2026 investor letter:
"We liquidated our position in Intuit Inc. (NASDAQ:INTU) during the quarter. Following the company's fiscal third quarter results, we became increasingly concerned with the DIY Tax weakness, continued deterioration in Mailchimp, and reduced visibility on the timing of any growth reacceleration, as well as management's ability to execute in a challenging environment. As a result, we exited the position and reallocated the capital to a new position in Arista Networks.
Intuit was a detractor from performance during the quarter. The company reported fiscal third quarter results that included a modest revenue beat and a full-year guidance increase, though results were overshadowed by weaker than expected Consumer Tax performance. TurboTax revenue grew 7%, below guidance, with notable weakness in the DIY segment. Management cited pressure among lower income, price sensitive filers and a contraction in total IRS filers of roughly 30 basis points. Despite double-digit revenue growth and ongoing margin expansion above 40%, we became increasingly concerned with the DIY Tax weakness, continued deterioration in Mailchimp, and reduced visibility on the timing of any growth reacceleration, as well as management's ability to execute in a challenging environment. Given these factors, we chose to exit the position and

Belgian comedian Noel Godin, who made a name throwing custard pies at celebrities from French film legend Jean-Luc Godard to tech ******* an Bill Gates, has died at the age of 80, his partner told AFP Monday.
Nicknamed "the Glooper" for his cries of "Gloop! Gloop!" after each strike, Godin spent more than three decades lobbing pies at rich and famous targets he felt needed bringing down a notch.
He died on Sunday morning, his partner Sylvie Broodthaers told AFP.
Describing himself as an "anarcho-confectioner," Godin began his campaign with a pie in the face of author Marguerite Duras in 1969.
His high-profile targets went on to include the future French president Nicolas Sarkozy in 1997 -- although in that case he had an accomplice lob the actual pie for fear of being recognised.

#pies

Elye Wahi touched down in Nice late last night ahead of his loan move to Le Gym from Eintracht Frankfurt. The Ivory Coast international also spent last season on loan at OGC Nice.
Fans gathered at Nice Airport late on Sunday night to welcome Wahi. The former Olympique de Marseille, RC Lens, and Montpellier HSC forward spent the second half of last season on loan at the Allianz Riviera. It was his goals that ultimately kept the club in Ligue 1. After netting in the promotion/ relegation playoff against AS Saint-Étienne, keeping Nice in the top flight, Wahi gave an interview in which he was very emotional and grateful to the club.
However, due to Nice's finances, it was not possible to include a buy option. Another loan move would be beyond Nice, it was thought, however, they have succeeded in reaching an agreement with their German counterparts. Wahi has arrived on the Côte d'Azur ahead of his medical. This time, his loan will include a buy option valued at €15m, Nice-Matin understands.
Speaking in a press conference attended by Get French Football News on Saturday night, following a 0-0 draw against FC Lorient, Olivier Pantaloni said that he was "impatient to have a signing" in attack. He added that he would be having talks with his superiors to understand the status of any deal(s). And just hours later, Wahi is in Nice and expected to complete a return.
GFFN | Luke Entwistle – reporting from Nice

#late #ahead #move

Yahoo Fantasy Football is offering something I've never seen before: the option to include a Team Offense position in your league. We can now draft an offense, just how we do with defense/special teams spots in fantasy football. Except, we're rooting for scoring and yards, rather than sacks and turnovers. Again, this position is completely optional, but I don't see a reason to include a fantasy defense spot and not include a fantasy offense spot. It's good fun, and I'm here to provide some **** ysis on the scoring settings:
Team Offense Scoring Categories
Point Value
TD scored (any type)
+3

#scoring #include #defense

German ice cream maker Florida Eis is expanding local production capacity with a new factory in Schönebeck (Elbe).
On Thursday (20 August), Florida Eis said the new plant in Schönebeck's West Industrial Park on Wilhelm-Dümling-Straße will be designed to produce around 5,000 metric tonnes of ice cream each year.
Operations are due to start in 2028.
The company plans to spend about €25m ($29.1m) on the factory, which will include a roughly 4,000-square-metre production hall, logistics areas, and an office building with an ice cream parlour and a factory outlet.
In a separate statement to Just Food, the company said the new factory is intended to ease capacity constraints at its current plant in Berlin-Spandau, where it has operated since it was founded in 1927.

#factory #capacity #plant #thursday

Prince Harry could be heading into another challenging royal reunion, with an insider claiming the Duke of Sussex is aware that his return to the UK could bring renewed family tensions. While his recent meeting with King Charles has sparked signs of a possible thaw, the wider rift reportedly remains unresolved.
With Queen Camilla said to still have reservations about Harry, his return could put the Royal Family's willingness to move forward to the test.
Prince Harry could soon make another trip to the UK, but an insider claims he is not expecting an easy homecoming. The Duke of Sussex is reportedly aware that any progress with King Charles does not necessarily mean the wider family rift has been resolved.
That is especially true when it comes to Queen Camilla, according to the source. Harry's relationship with his stepmother has remained strained for years. His 2023 memoir, "Spare," included several personal remarks about Camilla. He also alleged that she had worked to improve her public image at his expense.
Now, an insider cited by Closer Online claims Camilla remains wary of Harry. The source alleged that her polite behavior during his previous visit should not be mistaken for a complete reconciliation. "Just because she was courteous and made nice … doesn't mean the bad blood has gone away," the insider said. They further claimed that Camilla remains "deeply resentful" about what was written in "Spare."

#sussex

Guinness Global Innovators, an investment management company, recently released its Q2 2026 quarterly investor update for its "Guinness Global Innovators Fund". You can download the letter here. The Guinness Global Innovators Fund focuses on investing in global companies that benefit from innovation in technology, communication, globalization, and management strategies. In the second quarter of 2026, the Guinness Global Innovators Fund returned 13.8% in GBP, compared with 13.0% for the MSCI World Index and 13.1% for the IA Global sector average. Easing Middle East tensions, falling oil prices, and renewed enthusiasm for artificial intelligence helped reverse much of the caution seen earlier in the year, with investors rotating back toward growth stocks and AI infrastructure beneficiaries. The Fund benefited from its overweight position in the Information Technology sector, while its overweight position in Communication Services detracted. Avoiding weaker Utilities, Materials, and Energy also supported relative performance. Also, please check the Fund's top five holdings to see its best picks for 2026.
In its second-quarter 2026 investor letter, Guinness Global Innovators Fund highlighted Nasdaq, Inc. (NASDAQ:NDAQ) as a new holding. Nasdaq, Inc. (NASDAQ:NDAQ) operates as a technology company that serves capital markets and other industries. On August 21, 2026, Nasdaq, Inc. (NASDAQ:NDAQ) closed at $98.22 per share. One-month return of Nasdaq, Inc. (NASDAQ:NDAQ) was 4.56% and its shares gained 4.13% over the past 52 weeks. Nasdaq, Inc. (NASDAQ:NDAQ) has a market capitalization of $54.9 billion.
Guinness Global Innovators Fund stated the following regarding Nasdaq, Inc. (NASDAQ:NDAQ) in its Q2 2026 investor letter:
"Nasdaq, Inc. (NASDAQ:NDAQ) is best understood not as a traditional exchange but as a global technology, data, and ****** ytics company that happens to own a major stock exchange, a positioning it has deliberately built since its 2017 strategic pivot away from transaction-driven revenue towards higher-growth, higher-margin software and ****** ytics. Nasdaq's business is diversified across three segments. Through its Financial Technology segment, the firm is strategically positioned to benefit from a structural rise in compliance and transparency requirements as regulators demand more granular and frequent reporting from banks globally. This segment also houses Calypso, a trading and risk-management platform whose demand is underpinned by the growing complexity of trading, collateral, and risk requirements at large financial institutions. The Capital Access Platforms segment includes listing fees, market data subscriptions and index licensing on products such as the Nasdaq-100. Lastly, its exchange business, although originally the direct driver of the business, has become more of an enabler for other business segments, as trading activity generates proprietary pricing data that the company repackages and monetises, while providing the f

Loomis Sayles, an investment management company, released its "Global Growth Fund" investor letter for Q2 2026. You can download a copy of the letter here. The fund returned 6.43%, underperforming the MSCI ACWI Index's 14.93% return. The fund employs a long-term private equity investment strategy, focusing on high-quality businesses with sustainable competitive advantages, investing at significant discounts to intrinsic value. At quarter-end, the fund maintained an overweight in communication services, consumer discretionary and healthcare sectors, and an underweight in information technology, financials, industrials, and consumer staples sectors. Also, please check the Fund's top five holdings to see its best picks for 2026.
In its Q2 2026 investor letter, Loomis Sayles Global Growth Fund highlighted Amazon.com, Inc. (NASDAQ:AMZN). Amazon.com, Inc. (NASDAQ:AMZN) is a multinational technology and retail company known for its leading online marketplace and cloud platform, contributed positively to performance during this quarter. On August 21, 2026, Amazon.com, Inc. (NASDAQ:AMZN) closed at $258.63 per share, reflecting a market capitalization of $2.79 trillion. Amazon.com, Inc. (NASDAQ:AMZN) posted a one‑month return of 11.77%, while its shares gained 13.46% over the past 52 weeks.
Loomis Sayles Global Growth Fund stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its Q2 2026 investor letter:
"Online retailer Amazon.com, Inc. (NASDAQ:AMZN) offers millions of products – sold by Amazon or by third parties – with the value proposition to consumers of selection, price, and convenience. Amazon's enterprise IT business, Amazon Web Services (AWS), offers a suite of secure, on-demand, cloud-computing services, with a value proposition to clients of speed, agility, and savings. In both of its core markets, Amazon possesses strong and sustainable competitive advantages that would be difficult for competitors to replicate. In e-commerce, these include its brand, scale, technology platform, network advantage, and logistics and distribution systems. AWS benefits from its brand, technology platform, and massive scale, which allows it to pass along cost savings while continuing to innovate. Growing well in excess of their underlying retail and IT markets, both of Amazon's businesses are gaining market share. Led by visionary founder and Executive Chairman Jeff Bezos, Amazon invests aggressively to expand and leverage its customer base, brand, and infrastructure, targeting businesses with strong financial returns that are anticipated to offer large and enduring growth opportunities…" (Click here to read the full text)

#amazon #amzn #letter #technology

Queen Camilla reportedly felt she had "won that particular fight" after closing the popularity gap with Kate Middleton. The Queen is said to have gained confidence during her four-day U.S. tour with King Charles, with a source claiming the trip changed her perspective on her public standing. The alleged rivalry was reportedly less about royal protocol and more about public attention, headlines, and long-term affection for the two royals.
According to a RadarOnline report, Queen Camilla reportedly returned from her recent U.S. visit feeling victorious after what was described as a shift in her public standing. The four-day trip included appearances alongside King Charles, President Donald Trump, and Melania Trump, as well as a gathering with Anna Wintour and Sarah Jessica Parker at the New York Public Library.
One royal source claimed Camilla came home with "a renewed sense of confidence" about her place within the monarchy. Meanwhile, an insider claimed Kate Middleton had long represented a difficult benchmark for Camilla because of the Princess of Wales' popularity.
The source said Middleton attracted "a level of excitement and affection" that often overshadowed other members of the Royal Family. However, the reception Camilla received during her U.S. visit reportedly changed her perspective. The insider claimed she felt people were "genuinely interested in her," rather than simply viewing her as King Charles' wife. They added that Queen Camilla now believed she had "established her own place" in the public's affection.
Still, another Palace source suggested Camilla's confidence came after years of intense public scrutiny. The insider said she never forgot "how uncertain her position once was." They added that she had watched Kate become admired "almost effortlessly."

#charles #source

Loomis Sayles, an investment management company, released its "Global Growth Fund" investor letter for Q2 2026. You can download a copy of the letter here. The fund returned 6.43%, underperforming the MSCI ACWI Index's 14.93% return. The fund employs a long-term private equity investment strategy, focusing on high-quality businesses with sustainable competitive advantages, investing at significant discounts to intrinsic value. At quarter-end, the fund maintained an overweight in communication services, consumer discretionary and healthcare sectors, and an underweight in information technology, financials, industrials, and consumer staples sectors. Also, please check the Fund's top five holdings to see its best picks for 2026.
In its Q2 2026 investor letter, Loomis Sayles Global Growth Fund highlighted Netflix, Inc. (NASDAQ:NFLX). Netflix, Inc. (NASDAQ:NFLX), a leading subscription-based streaming entertainment platform, detracted from performance during the quarter. On August 21, 2026, Netflix, Inc. (NASDAQ:NFLX) closed at $79.59 per share, reflecting a market capitalization of $331.41 billion. Netflix, Inc. (NASDAQ:NFLX) posted a one‑month return of 13.05%, while its shares lost 34.66% over the past 52 weeks.
Loomis Sayles Global Growth Fund stated the following regarding Netflix, Inc. (NASDAQ:NFLX) in its Q2 2026 investor letter:
"Founded in 1997, Netflix, Inc. (NASDAQ:NFLX) is one of the world's leading internet entertainment platforms and a pioneer of subscription video on demand (SVOD), which it first launched in 2007. Today the company is a global leader with over 325 million paid subscribers, out of what we estimate is a total addressable market of one billion households outside of China, who access TV series, movies, mobile games, and other entertainment content across a wide variety of genres, languages, and devices. The company has subscribers in over 190 countries, with an estimated global audience approaching one billion, and generates almost 60% of its revenue from outside of North America.
We believe Netflix's strong and sustainable competitive advantages include its focus, scale, brand, and a large installed base of clients that are protected by high barriers to entry. As a pioneer in SVOD, Netflix has amassed a subscriber base that we estimate to represent just under 40% of all SVOD subscribers globally and approximately 50% of the industry revenue share of the leading global providers. We believe the company's strong brand is reflected in both its premium pricing versus peers and mid-single-digit growth in average revenue per user over the past five years. Over the past decade, Netflix has invested over $120 billion in content and amassed an estimated over 14,000 hours of original content, which is estimated to represent just under two times the next five largest streaming competitors combined. Of course, it is not just the quantity, but quality of the content that matters. Over this same period, Netflix received over 1000 E

California Attorney General Rob Bonta canceled a settlement meeting with Paramount scheduled for Monday, accusing the company of leaking and misrepresenting details of an earlier negotiating session, according to CNN.
Monday's meeting, which both sides had positioned as an early step toward a possible settlement in California's suit to block the Paramount-WBD deal, was called off by Bonta on Sunday evening following the Friday session, according to Variety.
"Not only did Paramount leak the alleged substance of settlement discussions, but they misrepresented these discussions, demonstrating a lack of good faith," Bonta said in a statement to the New York Times. "As soon as Paramount stops playing games and engages sincerely, my office is happy to meet again."
Bonta is leading a coalition of 12 state attorneys general that filed suit last month to block the deal, arguing that a combined Paramount-WBD entity would hold roughly a third of wide-release film distribution and a comparable share of basic cable TV programming, constituting presumptively illegal market concentration. The coalition includes Arizona, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon, and Washington.
Bonta had previously signaled that any resolution would require "robust structural remedies" — meaning divestitures or spin-offs — and accused Paramount of steering early discussions toward topics outside the complaint's scope, including the streaming market and CNN. Paramount has maintained that the deal is pro-competitive and has characterized opposition to it as politically motivated.

#bonta #general #session #according

On August 21, Apollo Global Management (NYSE:APO) disclosed in a letter that hackers gained unauthorized access to some of its cloud platforms between July 6 and July 10, exposing names, dates of birth, addresses, and Social Security numbers. The breach lands weeks after Apollo told investors its ***** ets under management had crossed $1 trillion for the first time, a milestone built in part on convincing individuals and retirees to trust the firm with their money. Now Apollo has to convince some of those same people it can protect their data too.
Apollo's second quarter showed why the growth story still has legs. ***** ets under management reached $1.05 trillion, up 25% year over year, while fee-related earnings hit a record $785 million, also up 25%, and management fees climbed 23% as third-party money kept arriving across credit and equity strategies. Origination volume totaled $74 billion for the quarter, pushing the trailing 12-month figure to nearly $320 billion, and that tally does not yet include the $35 billion financing Apollo arranged for Broadcom's new AI computing platform, the largest private credit deal ever recorded, since Apollo only books revenue once financing closes rather than when it is announced.
CEO Marc Rowan frames Apollo's opportunity as bigger than private equity or credit alone. He argues the industry's client base is expanding from a single source of institutional demand into six categories, including individuals, insurance companies and 401(k) plans, and Apollo is building toward that shift with daily net ***** et value pricing on its credit products and a partnership with Intercontinental Exchange that has already ***** igned more than 2,000 identifiers to Apollo ***** ets. Performance backs up the pitch: Apollo's Fund X has generated a 21% net internal rate of return, well ahead of the 14% industry benchmark for its 2023 vintage.
The breach is the more immediate problem, and it fits a pattern. Reuters has reported that dozens of financial institutions, including Uber and Levi Strauss, were recently targeted by the same kind of ransom-seeking hackers, who built fake websites designed to steal passwords from employees at private equity and financial firms through phone-based social engineering rather than any technical exploit. Apollo says its investigation is ongoing and it has found no evidence yet that the stolen information has been posted publicly or used for identity theft, and it is offering affected individuals free credit monitoring and identity protection.

#apollo #credit #management #private

Loomis Sayles, an investment management company, released its "Global Growth Fund" investor letter for Q2 2026. You can download a copy of the letter here. The fund returned 6.43%, underperforming the MSCI ACWI Index's 14.93% return. The fund employs a long-term private equity investment strategy, focusing on high-quality businesses with sustainable competitive advantages, investing at significant discounts to intrinsic value. At quarter-end, the fund maintained an overweight in communication services, consumer discretionary and healthcare sectors, and an underweight in information technology, financials, industrials, and consumer staples sectors. Also, please check the Fund's top five holdings to see its best picks for 2026.
In its Q2 2026 investor letter, Loomis Sayles Global Growth Fund highlighted Arm Holdings plc (NASDAQ:ARM) as a leading contributor. Arm Holdings plc (NASDAQ:ARM) is a UK-based technology company that develops and licenses central processing unit designs and related technologies for semiconductor companies and original equipment manufacturers. On August 21, 2026, Arm Holdings plc (NASDAQ:ARM) closed at $243.32 per share. The one-month return of Arm Holdings plc (NASDAQ:ARM) was -8.64%, and its shares gained 76.60% over the past 52 weeks. Arm Holdings plc (NASDAQ:ARM) has a market capitalization of $259.87 billion.
Loomis Sayles Global Growth Fund stated the following regarding Arm Holdings plc (NASDAQ:ARM) in its Q2 2026 investor letter:
"Arm Holdings plc (NASDAQ:ARM) is the world's leading microprocessor intellectual property (IP) supplier. The company develops and licenses its microprocessor IP technology to a network of partners to facilitate the design and manufacture of semiconductor chips used in a wide range of end markets, with a primary focus on mobile, cloud, automotive, and IoT (internet of things). Arm's clients include most of the world's leading semiconductor companies, which pay licensing fees to utilize the company's industry-standard technologies and ongoing royalties for the resulting chips incorporating its technology. While it can take in excess of five years before newly licensed technology is commercialized into new products, the resulting royalty payments to Arm can span decades. We owned Arm in our large cap and all cap growth portfolios from 2012 until it was acquired by SoftBank Group in 2016. Under SoftBank, the company invested substantially in research and development (R&D) and accelerated its pace of innovation. As a result, Arm launched Armv9, its most advanced processor architecture, and its Neoverse microarchitecture that now enables the company to effectively compete in the data center business..…" (Click here to read the full text)

#company

Aoris Investment Management, a specialist international equity manager, released its Q2 2026 investor letter for "Aoris International Fund". A copy of the letter can be downloaded here. The fund invests in high-quality, wealth-generating businesses managed by prudent and capable teams, targeting an annual return of 8–12% after fees over a 5–7-year market cycle. During the June quarter, international equity markets, as represented by the MSCI AC World Accumulation Index ex Australia, returned 13.8% in AUD terms. In local currencies, the return 15.1%. The Portfolio's Class A (Unhedged) returned 5.7% after fees, underperforming its benchmark by 8.1%, while the Class C (Hedged) gained 6.7%, 8.4% less than its benchmark. The June quarter continued to reflect an unusual year, marked by significant share price increases among AI infrastructure companies, particularly semiconductor producers and data center suppliers. Economic sectors like banks and commodity producers saw gains, but the firm chose not to invest due to their cyclicality and low growth prospects. Conversely, concerns about enterprise software and data companies, challenged by AI, negatively impacted performance. The letter outlined potential incremental opportunities for portfolio companies through AI. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Aoris Investment Management highlighted SAP SE (NYSE:SAP). Headquartered in Walldorf, Germany, SAP SE (NYSE:SAP) is a leading enterprise application and business solutions provider. On August 21, 2026, SAP SE (NYSE:SAP) closed at $218.68 per share, reflecting a market capitalization of $256.39 billion. SAP SE (NYSE:SAP) posted a one-month return of 27.88%, while its shares lost 19.09% over the past 52 weeks.
Aoris Investment Management stated the following regarding SAP SE (NYSE:SAP) in its Q2 2026 investor letter:
"SAP SE (NYSE:SAP) is the world's leading enterprise resource planning (ERP) software company. ERP systems run core business processes such as finance, human resources, manufacturing, supply chain management and customer relationship management. SAP is a core system of record for many of the world's largest organisations. Of the world's 100 largest organisations, 99 use SAP's solutions, and 80% of all the world's transactions touch an SAP system.
The value of SAP's systems should increase, because AI is only useful when it can access accurate data, business context and established workflows. AI is providing opportunities for SAP to layer on additional services which the company believes can add 20% or more to a customer's spending. Examples include its Business Data Cloud, which brings together SAP and non-SAP data for real-time ******* ysis, and its Joule AI agent, which can automate work with an understanding of customers' existing data structures and processes…" (Click here to read the full text)

#aoris #investor #return

Kate Middleton unveiled her latest hairstyle during the royal family's summer stay at Balmoral. The Princess of Wales rocked her new look as she joined Prince William for Sunday service at Crathie Kirk. For the unversed, it is the royal family's go-to parish church near their private Scottish retreat.
Kate Middleton recently turned heads at Balmoral, debuting her lightest hairstyle.
Photographed on August 23, the Princess of Wales traveled to Crathie Kirk in a Range Rover with Prince William at the wheel and their children in the back. The Waleses joined fellow royals for the Sunday service amid their ongoing summer break at Balmoral, the family's longtime late-summer haven in the Scottish Highlands.
As reported by InStyle, Middleton's outfit was mostly out of sight, but her radiant, sun-kissed complexion and blonder locks were unmistakable. Her ensemble included a white blouse with a high neckline, a tweed blazer, a dark hat, and statement gold earrings.
The Wales family has been at Balmoral since August 20, including Prince William, Princess Catherine, and their children – Prince George, 13; Princess Charlotte, 11; and Prince Louis, 8. Their arrival came one day after reports emerged on August 19 that Prince Harry, Meghan Markle, and their children, Prince Archie, 7, and Princess Lilibet, 5, would be returning to the U.K. soon for an undisclosed period.

#william

Fulham welcome Chelsea to Craven Cottage in the West London derby this evening, with both sides entering new beginnings on the managerial front.
In July, Fulham announced the appointment of Álvaro Arbeloa as the new head coach, taking over from Marco Silva, who spent five years at the club and is now at Benfica. Last season, Arbeloa took over Real Madrid from Xabi Alonso, whom he faces in the capital, but ultimately couldn't salvage any silverware for the Spanish giants.
The Cottagers have had a busy summer, with 22-year-old striker Gonzalo Gonzalo García joining the club from Real Madrid for £34 million, along with Cesar Palacios, Shea Charles and Jonah Kusi-Aware. Significant outgoings include Saša Lukić and Issa Diop to recently promoted Ipswich Town, while Harry Wilson left on a free transfer to Leeds United and Raúl Jiménez returned to Wolverhampton in the Championship.
Ahead of the derby under the lights, the Fulham boss spoke to the media, saying, "I know how important that game is for our supporters.
"It's also very important for everyone at the club, for us, for players, for me. It's the first game of the season, the first game at Craven Cottage, so we are ready, we are excited, and of course we can't wait for that game."

#club #cottage #arbeloa

Royal De Vries Cardboard Printing has ended production at its folding-carton factory in Sneek, the Netherlands, after 152 years, after efforts to sell the entire business failed, according to a press release posted on WhatTheyThink.
The decision has resulted in all 98 employees losing their jobs.
All ****** ets have been taken over by German industrial remarketing company Allaoui and are being put up for sale.
The machinery on offer includes a KBA offset press, along with Bobst and MK Masterwork converting lines.
Royal De Vries, formally Koninklijke Drukkerij De Vries Vouwkartonnage, was founded in 1874 as a printer in the north of the Netherlands.

#netherlands #german

Iran has discovered more than 7.5 trillion cubic feet (tcf) of natural gas in the southern province of Fars, Oil Minister Mohsen Paknejad claimed on state television, Bloomberg reported.
The announcement comes after months of conflict involving the US and Israel, which has severely affected Iran's energy infrastructure.
Of the estimated reserves, Paknejad said that around 5.7tcf of gas is thought to be recoverable.
The minister compared the potential output to 15 years' worth of production from one phase of the South Pars field, which is jointly operated by Iran and Qatar and recognised as the world's largest gas field.
The discovery also includes quantities of gas condensates, which Paknejad valued in the "tens of billions of dollars".

#paknejad #Iran #field #Israel

DBS has entered a memorandum of understanding (MoU) with the Institute of Banking and Finance Singapore (IBF) to "uplift, upskill and upbuild" financial sector talent pipeline in the Singapore for an AI-driven future.
The pact covers three strands of cooperation focused on AI-related skills, job transition and the development of future talent for Singapore's financial services industry.
The first area, labelled Uplift, centres on building basic AI knowledge among employees through programmes recognised by IBF.
Topics are set to include AI governance, responsible AI, prompt engineering and workplace uses of AI.
The second area, Upskill, relates to support for workers whose roles are being altered by AI.

#uplift #talent #future #finance

When someone you love dies, one common piece of advice is to not make any major decision within six months. Your brain may be clouded by grief and sadness, so it can be difficult to be rational. This can include decisions about giving up your job.
Not everyone follows this advice, though, and there are times when a death may spur you to take an action you should have taken anyway but may have been frightened about. The death drives home the point that life is short, so you shouldn't wait.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes

#bezos #ramsey #americans #security

England fast bowler Brydon Carse is under investigation after an incident at a nightclub in Derby on Saturday, the England and Wales Cricket Board (ECB) said on Sunday.

Videos circulating on social media appeared to show Carse being led away from a club in handcuffs by four police officers. Carse, who is part of England's squad for the second Test against Pakistan, was seen outside a nightclub in Derby.

Durham and England teammate Matthew Potts was seen speaking to Carse, while former England captain Ben Stokes also appeared in the background.

Carse was briefly detained at the scene but was not arrested, according to The Telegraph. He returned to the team hotel soon afterwards.

"We are aware of an incident which is reported to have taken place in Derby last night, and are currently investigating," the ECB said in a statement.

"We will provide a further update when possible."

Carse and Potts had played for Durham earlier on Saturday as they beat Derbyshire by 338 runs in a second-division County Championship match in Derby.

Carse, 31, has played 14 Tests and was included in England's squad for the first two Tests of the three-match series against Pakistan. He did not feature in the opening Test at Headingley, where England lost by an innings and 103 runs inside three days.
The second Test at Lord's starts on Thursday.

The incident comes amid a series of off-field episodes involving England players over the past year.

The most serious involved Test vice-captain Harry Brook, who was punched by a nightclub bouncer in Wellington in the early hours of November 1 last year, shortly before he was due to lead England in an ODI against New Zealand.

During the Ashes, a mid-series break in Noosa also drew attention to the players' drinking.

More recently, Stokes and Gus Atkinson stayed out beyond England's new midnight curfew after the first Test against New Zealand this summer. Both were stood down for the following Test at The Oval as part of a disciplinary process.

Stokes retired from Test cricket at the end of that series and was replaced as captain by Joe Root, who had previously led England from 2017 to 2022.

One of Root's first decisions after returning to the role was to remove the curfew and tell his players to "be adults".

#england #derby

Al-Hilal are not actively pursuing Chelsea winger Pedro Neto with the Saudi side focused on a deal for Gabriel Martinelli.
Martinelli leads the shortlist for the Saudi Pro League side who have opened club-to-club contract with ******* nal over a deal. Al-Hilal had explored a move for Neto earlier in the window, and also admirer Juventus' Francisco Conceição, but a move for Martinelli is now the priority.
Neto had been named as an option to leave Chelsea this summer, with both Manchester City and Tottenham Hotspur considering moves, alongside Al-Hilal's interest,
However, Martinelli is viewed as an easier deal to conclude having entered the final 12 months of his deal. ******* nal are open to his sale, with Martinelli not included in the Premier League squad to face Coventry City on Friday night. The Brazil international has also 'opened doors' to a move to Saudi Arabia, according to Fabrizio Romano.
Arsenal value Martinelli at around £60m, having turned down a £38.4m bid from Turkish champions Galatasaray earlier in the summer.

#saudi #deal

The Institute of Singapore Chartered Accountants (ISCA) and the Institute of Chartered Accountants of India (ICAI) have agreed to strengthen collaboration on initiatives covering AI training and professional qualification recognition.
Under the expanded collaboration, the ISCA signed a letter of cooperation for a proposed Global AI Fluency Initiative based on its AI Fluency Programme.
Subject to approvals and agreed implementation terms, the two accountancy bodies will provide practical and responsible AI learning to ICAI members and students.
The programme is expected to benefit the ICAI's more than 1.5 million members and students.
The approximately 30-hour programme includes 180 workplace-based cases covering AI foundations, accounting specialisations, and AI leadership and governance.

#institute #chartered #icai #fluency

DUBAI, United Arab Emirates (AP) — Iran's currency hit a record low Monday as Washington prepared to announce new sanctions it said would be an "economic D-Day" and would add further pressure on an economy already battered by previous sanctions and a U.S. naval blockade.
The rial dropped to 2.02 million to the U.S. dollar as trading opened on informal currency markets. Iran's official Central Bank rate stood at around 1.5 million rial to the dollar, but the informal rate is what most Iranians pay.
The currency had already been under pressure before the U.S. and Israel attacked Iran on Feb. 28, with double-digit inflation and negative growth, but has been hitting new record lows as nearly six months of war have taken an even greater toll.
Still, U.S. President Donald Trump has been unable to win concessions from Iran, which continues to keep a firm grip on shipping through the Strait of Hormuz, the key waterway through which a fifth of the world's traded oil transited freely before the war began. Iranian attacks and threats have severely hampered that traffic during the war.
Iran and Oman, which is on the opposite side of the strait, are reportedly in the final stages of agreeing upon a plan for joint management of the waterway, which regional officials have said would include having ships to enter the Persian Gulf through an Iranian-controlled route and exit through a route controlled by Oman.

#Oman #strait #sanctions

Banking giants JPMorgan Chase & Co. (NYSE:JPM) and Wells Fargo & Company (NYSE:WFC) have appeared multiple times on Jim Cramer's radar in 2026. For JPMorgan, Cramer has insisted on multiple occasions that the stock is undervalued when it comes to the price-to-earnings ratio. As for Wells Fargo, Cramer believes that the strategies put in place by CEO Charlie Scharf have not translated into a healthy multiple. On the 17th, the CNBC TV host continued to insist that the multiples were low:
"But I do think that JPMorgan, I'm gonna say it, I think it's still radically undervalued. Yeah, I put it down as stocks that I wish I owned, JPMorgan. You know, 15 multiple, just doing everything right. What is it doing down there? Why? Why?
"I think when you have JPMorgan up 12%, in a year when JPMorgan could be the dominant banking institution worldwide, that makes no sense to me. I mean, what are people thinking when they sell it? Cause it's at 14 times earnings? They expect it to be 13 times earnings?
"By the way, I am a believer in Wells Fargo, Charlie Scharf, one of the smartest minds in the business, that's downn4% for the year. You want a bargain? 12 times earnings, 12 times earnings. When Buffett loved it it wasn't, it was 10 times earnings in 1990."
For Wells Fargo & Company (NYSE:WFC), the narrative is driven by the Federal Reserve's decision to remove the bank's ***** et cap in June 2025. The cap had limited the bank from growing its ***** ets beyond the $1.95 trillion mark, which limited the bank's ability to grow. Among the initiatives that Scharf is spearheading include corporate and investment banking initiatives, which have benefited from seasoned executives joining its ranks. The impact of the ***** et cap removal was also clear on Wells Fargo & Company (NYSE:WFC)'s loan growth, which increased by 12% annually to $1 trillion in the second quarter. Similarly, investment banking fees jumped by 35% to $939 million while Markets revenue grew by 24% to $2.2 billion, which makes Cramer's optimism in the firm clear.

#jpmorgan #wells

Buy now, pay later products provider Affirm Holdings, Inc. (NASDAQ:AFRM) is one of Cramer's favorite stocks. The shares are down by 3% over the past year and are up by 4% year-to-date. On multiple occasions, the CNBC TV host has praised the firm's CEO. For instance, in January, Cramer predicted that the shares would touch the $100 mark. The latest closing price for Affirm Holdings, Inc. (NASDAQ:AFRM) is $77. Here is what he said about the firm on August 17th:
"I think that Workday, that was a good run. How about that. That was a very good run. And I noticed that Salesforce already started coming down. We do have a Salesforce conference coming up and I know Marc Benioff's going to say that everyone's just dead wrong. Can everyone be dead wrong? Conceivably. But, what I don't like is, I didn't put Affirm in this group. And the reason I didn't put Affirm in this group because that one should be at a hundred. That one is real. That one has the growth that I want. That one has the CEO that I liked. That one has short sellers and people who don't really understand that Levchin, he's brilliant. Max is brilliant. And I just think that that one is the only one I would buy right here."
As is with most stocks, the debate for Affirm Holdings, Inc. (NASDAQ:AFRM) surrounds its valuation as well. The stock currently trades at a forward P/E ratio of 39.84, which is more than twice that of JPMorgan and more than thrice that of PayPal. As a result, the growth expectations for Affirm Holdings, Inc. (NASDAQ:AFRM) appear to be rather high. They are a strong gross merchandise volume (GMV) growth of 35% annually, revenue less transaction costs growth of 41% (to outpace GMV growth) and active customer growth of 22%. Consequently, the firm appears to be feeding its merchant growth into customer growth.
Additionally, Affirm Holdings, Inc. (NASDAQ:AFRM)'s point of sale algorithmic data also enables it to adjust and avoid defaults. Yet, at the end of the day, the firm nevertheless relies on consumer spending and interest rates, and economic turmoil stemming from inflation could generate headwinds through both of these. Additionally, funding costs are also trickier due to the firm's reliance on private credit markets.
Shifting towards Salesforce Inc. (NYSE:CRM), the shares are down by 17.5% year-to-date. Over multiple appearances, Cramer has discussed the split in the firm's AI and non-AI businesses. This split is also at the heart of the debate surrounding the firm. Salesforce Inc. (NYSE:CRM)'s Agentforce, which is its AI platform, marked 205% annual ARR growth, $260 million sequential growth, 152% sequential token processed growth and 111% in sequential work unit growth to indicate that AI-related tailwinds are in place. Yet, at the same time, overall contribution by Agentforce remains muted as it represented two points of Q1 revenue growth. Additionally, the AI and data ARR also includes figures from Informatica, which makes it difficult to ****** yse the impact of Ag

Tottenham Hotspur have reached an agreement to sign Omar Marmoush on a season-long loan with an option to buy.
Transfer reporter Fabrizio Romano has claimed that Spurs will have Marmoush on loan, and will be able to sign him permanently for £50 million next summer.
The deal includes a buy option which will become an obligation once certain conditions are met by the player.
The Lilywhites have responded to their atrocious display against Brentford by agreeing to bring in another attacker days after their Savinho agreement.
They lost 3-0 against the Bees in their first Premier League game of the 2026-27 season.

#marmoush #option #transfer

It was difficult to gauge where Sunderland actually stood in the summer of 1991.
Denis Smith had worked wonders to drag the club from the Third Division up to the top tier of English football in three years, but in so many ways, his progress was too quick for the club to keep up.
The promotions were achieved on a shoestring budget and were supplemented with a long list of names that Smith had brought through the ranks and fast-tracked into the first-team squad. Names such as Gary Owers, Paul Williams, Richard Ord, Brian Atkinson, Kieron Brady, David Rush and Warren Hawke were all given opportunities, and there's probably more, as those are just off the top of my head.
Smith's budget following promotion to the First Division in 1990 was set at £500,000, but it didn't include an increase in the wage budget. This resulted in one-in, one-out, so Peter Davenport replaced Eric Gates and Kevin Ball took the place of John MacPhail. It maybe didn't come as a surprise that, in a season where only two sides went down, we were one of them.
So, in 1991-92, we found ourselves back in Division Two and we were one of the favourites to go up – but without funds once again, Smith was unable to freshen up the squad and there were no new arrivals ahead of the opening day of the season.

#smith #first #club #season

Has Wall Street stopped panicking about AI chatbots destroying Alphabet Inc.'s (NASDAQ:GOOGL)'s traditional search business? On August 19, ****** yst Scott Devitt initiated coverage on the stock with a Buy rating, noting how concerns around Search have largely played out. However, declaring a multi-year risk narrative to be effectively over is a bold ****** ertion worth stress testing.
The data shows Google controls 90% of the search market. However, the risk still looms as people often turn to chatbots to search for information. Against this backdrop, the company has redesigned the search box for the first time in 25 years, placing the "AI Mode" ****** on directly in the box.
To discuss things deeper, Alphabet's (NASDAQ: GOOGL) second-quarter report earlier buried the search figure under two louder storylines. These include a $99 billion paper gain on its equity stakes, and an increase in capital spending plans. However, the numbers are there to decipher.
In the second quarter, Google Search & other revenue grew 17% year over year to $63.3 billion, down from 19% growth in the prior quarter and slightly behind expectations. Search was on a growth streak previously, accelerating from 10% in the first quarter of 2025 to 12% in the second quarter, 15% in the third, 17% in the fourth, and 19% in the first quarter of 2026. However, second quarter of 2026 snapped it.
"Considering Google's search revenue for the second quarter came in at $63.3 billion, slightly behind Wall Street's expectations of $63.4 billion, and investors will likely be scrutinizing the business in the third quarter."

#billion

Aug 22 (Reuters) - Paramount and California state officials are set to meet on Monday to ‌discuss a potential settlement path of the ‌state's lawsuit aimed at stopping Paramount's acquisition of Warner Bros. Discovery, the New York Times reported on Saturday citing sources familiar with the discussions. Here's what to know:
• The talks are preliminary, and there is no ‌assurance that they ⁠will lead to meaningful negotiations toward a settlement, the report said, adding that ⁠Paramount requested the meeting.
• Reuters couldn't immediately verify the report. Paramount didn't immediately respond to a request for comment outside regular business hours.
• The meeting, which will ‌include senior executives and lawyers from each side, has been in the works for a little over a week, NYT added, citing one of the people.
• Last month, California and 11 states sued ‌to block Paramount's $110 billion acquisition of Warner Bros. Discovery, alleging the deal would lessen competition in film distribution and ‌cable television, harming theaters and pay TV distributors.

#reuters #report