Exclusive: Michael Flacks, the financier vying for British Steel, is embroiled in a transatlantic court battle with French group Imerys over a failed mining deal, casting a shadow over his ambitious industrial acquisition plans.
Despite a challenging macroeconomic backdrop for the furniture industry, Flexsteel Industries reports robust Q1 FY2025 results, with sales up nearly 10% and operating margins expanding significantly. The company credits its growth to strategic product launches and targeted retail partnerships.
Two British nationals on tourist visas have been issued 'Leave India' notices after authorities found they had pasted politically charged stickers in a Rajasthan town known for its Israeli backpacker community, violating visa terms.
Amidst volatile furniture market conditions, Flexsteel Industries reports a 9% rise in Q2 sales, driven by pricing actions and soft seating demand. While profitability improves, management warns of margin pressure ahead as higher-cost, tariff-laden inventory moves through the system.
Furniture maker Flexsteel Industries reports a 9% year-over-year sales increase for its fiscal second quarter, driven by strategic pricing and new product launches. However, executives caution that looming 25% tariffs on inventory and a volatile consumer environment pose significant challenges for the latter half of 2026.
HNI Corporation sees its price target raised to $75 by Benchmark Co., fueled by optimism around its planned acquisition of Steelcase and strategic facility consolidation aimed at boosting profitability.
The latest release of court documents linked to Jeffrey Epstein has intensified scrutiny on the British establishment, implicating a disgraced royal, a former duchess, and a senior Labour figure in the financier's orbit.
Investment firm Artemis Investment Management has established a significant new position in Commercial Metals Company, a leading steel producer and recycler, signaling confidence in the firm's strategic direction and growth prospects despite a recent share price surge.
Despite a 14% share price decline over the past quarter, Associated British Foods (LON:ABF) demonstrates robust underlying financial health, driven by strong earnings growth and efficient capital reinvestment, suggesting potential for a market correction.
Nucor Corporation cites current U.S. steel tariffs as the most favorable import climate in three decades, bolstering its competitive edge. As the stock soars, analysts debate whether this policy-driven tailwind can sustain its premium valuation and pricing power in the long run.
British Land Company PLC (LON:BLND) finds itself firmly in the hands of institutional investors, who control 88% of its shares. While this signals strong professional backing, it also raises questions about stock volatility and boardroom influence in the UK's property sector.
Algoma Steel Group's binding agreement with Hanwha Ocean for Canada's submarine project could funnel up to $250 million into a new beam mill, bolstering national defense capacity. While promising, analysts urge investors to weigh this long-term potential against the company's immediate financial and operational challenges.
British American Tobacco's shares have soared over 138% in five years, but a deep dive into its valuation reveals a complex picture. While a discounted cash flow model suggests significant upside, its premium P/E ratio tells a more cautious tale, leaving investors to question if the rally has further to run.
Prime Minister Keir Starmer confirmed during his Beijing visit that China has removed sanctions against six UK MPs and peers, a move signaling a diplomatic reset after years of tension over human rights concerns.
A Dhaka court sentences former Prime Minister Sheikh Hasina to 10 years and her niece, UK Labour MP Tulip Siddiq, to 4 years on corruption charges, amid a political crackdown ahead of February elections.
British Prime Minister Keir Starmer arrived in Shanghai Friday with over 50 business leaders, aiming to deepen UK-China commercial ties. The visit, the first by a UK premier in eight years, comes against a backdrop of renewed US skepticism over Western engagement with Beijing.
New data from the British Film Institute reveals the U.K.'s production sector hit a historic high last year, with total expenditure reaching £6.8 billion. The surge was powered by major inward investments like new adaptations of 'Wuthering Heights' and The Beatles, though concerns linger over the domestic independent sector's share.
A Russian ship captain has been handed a six-year prison sentence in London for gross negligence after his container vessel struck an anchored U.S. tanker off the British coast last year, resulting in the death of a Filipino crew member.
The British Film Institute reports a historic high of £2.8 billion spent on feature film production in the UK last year, a 31% surge driven largely by major Hollywood shoots. However, domestic film investment remains a minor share, raising questions about the impact of recent tax incentives.
New soil sampling results from Core Silver's Laverdiere project in British Columbia reveal a significant multi-kilometre mineralized corridor, extending known deposits and pointing to a large, open porphyry-skarn system with high-grade potential.
