All posts tagged: purchase

Mark Allen Group posts pre-tax loss and writes off £5m from Bonhill purchase

Mark Allen Group posts pre-tax loss and writes off £5m from Bonhill purchase

Published by Sam Flores

Bonhill publications acquired by Mark Allen Group. Picture: Mark Allen Group B2B publisher Mark Allen Group has set a target of reaching revenue of £100m by 2029, despite posting a loss for last year. It said the five-year plan was needed after declining profits and the fact financial services division Bonhill Group has “performed very poorly” since its February 2023 takeover. Mark Allen has written off £5m from buying Bonhill, resulting in a “heavy impact on profits” for the financial year ending 31 March 2025. The acquisition cost £6.5m. Mark Allen Group publishes specialist B2B magazines, websites and events such as Abdominal Wall Reconstruction Europe, British Journal of Nursing, Classical Music, Farmers Weekly and Vehicle Dynamics International. Newly-published accounts for Mark Allen Holdings Ltd for the year to 31 March 2025 show revenue grew by 4% to £72.1m but the company swung from a pre-tax profit of £5.4m in 2024 to a loss of £1.4m. Chairman Mark Allen said in the accounts: “The directors have agreed a five-year plan which will achieve revenues of £100m …

Trader Makes Million In One Day With Massive S&P Call Purchase Hours Before Ceasefire

Trader Makes $23 Million In One Day With Massive S&P Call Purchase Hours Before Ceasefire

Published by Jenni Sidey

A trader who made a large bet on a stocks rocketing in the coming weeks is up about $23 million in paper profit today, according to Bloomberg. The unknown trader spent $12 million premium on 6800 lots of 6950 S&P 500 Index Options (SPX) calls for May 8 expiry, when the index was at 6556.21; the trade was executed around 10:20 a.m. Eastern on Tuesday, just hours before Trump’s announcement of a 2-week ceasefire which sent stocks soaring.  The trade was an “example of upside chasing on hopes of an imminent peace deal”, said Chris Murphy, co-head of derivatives intelligence, in an email Tuesday.  Following the ceasefire deal last night, stocks surged, with the long SPX 6950 position now trading at $50, Bloomberg pricing data indicates. That makes the position worth $35 million as of noon on April 8, with the S&P 500 at 6773, or a $23 million profit net of the premium paid.  * * * Source link

JERA’s LNG purchase deal with US Commonwealth LNG terminated, DOE filing shows

JERA’s LNG purchase deal with US Commonwealth LNG terminated, DOE filing shows

Published by Sam Flores

TOKYO, April 3 : A long-term liquefied natural gas sales and purchase agreement entered into last year between Japan’s largest power generator, JERA, and U.S. LNG developer Commonwealth LNG has been terminated, according to a document filed with the U.S. Department of Energy. Last June, JERA, also Japan’s top LNG buyer, said it had signed a 20-year SPA with Commonwealth LNG for 1 million metric tons per annum (mtpa) from the developer’s Louisiana project. A notification of the deal’s termination, dated April 1, was filed on behalf of Commonwealth. The letter said the agreement was terminated effective March 3, without giving a reason. Bloomberg earlier reported the termination. JERA declined to comment, while Commonwealth LNG was not immediately available for comment. Source link

Jury finds Elon Musk misled investors during Twitter purchase : NPR

Jury finds Elon Musk misled investors during Twitter purchase : NPR

Published by Sam Flores

Elon Musk attends the annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 22. Markus Schreiber/AP hide caption toggle caption Markus Schreiber/AP SAN FRANCISCO — A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter’s stock price in the tumultuous months leading up to his 2022 acquisition of the social media company for $44 billion. But it absolved him of some fraud allegations, finding that he did not “scheme” to mislead investors. The civil trial in San Francisco centered on a class-action lawsuit filed just before Musk took control of Twitter, which he later renamed X. Jurors were asked to decide if two tweets and comments Musk made on a podcast in May 2022 amounted to him intentionally defrauding Twitter shareholders, who sold their shares based on Musk’s statements. The nine-person jury returned the verdict after nearly four days of deliberation, nearly three weeks after the trial began on March 2. They said that while Musk was liable for misleading investors with two tweets — including one …

Georgia Arrests Two Foreigners Trying to Purchase Uranium

Georgia Arrests Two Foreigners Trying to Purchase Uranium

Published by Sam Flores

TBILISI, Feb 19 (Reuters) – Georgia has ⁠detained ⁠two people who attempted ⁠to purchase $3 million worth of uranium and ​a cache of a radioactive isotope found in nuclear weapons testing ‌programmes, the national security ‌service said on Thursday. Two foreign nationals from unspecified ⁠countries were ⁠arrested in the city of Kutaisi, the State Security ​Service said in a statement. “They were planning to illegally purchase nuclear material uranium and radioactive substance Cesium 137 for $3 million and ​illegally transport it to the territory of another country,” ⁠it said. It ⁠said other foreigners had ⁠been ​arriving in Georgia in recent weeks with the aim of ​purchasing and transporting ⁠the nuclear and radioactive materials, without elaborating further. The statement did not specify the quantity of materials the individuals were attempting to procure. There were no details on the ⁠substances’ origin or potential destination. Cesium 137 is a radioactive isotope present ⁠primarily in the aftermath of nuclear weapons testing and nuclear power plant accidents such as the Chernobyl disaster in then-Soviet Ukraine in 1986. The security of …

Lumbee Tribe teases possible casino plans after land purchase in North Carolina

Lumbee Tribe teases possible casino plans after land purchase in North Carolina

Published by skeptic

The Lumbee Tribe of North Carolina secures 241 acres of land in Robeson County and teases the idea of a casino and resort in the announcement. The update comes from the Lumbee Tribal Chairman, John L. Lowery, who has discussed the land purchase and land in trust process at length, with it being confirmed that the Lumbee Tribal Holdings (the for-profit arm of the Tribe) acquired the land and has transferred it to the Lumbee Tribe of North Carolina. Its explained how the ‘strategic’ acquisition was made to secure land that can be utilized for long-term economic development initiatives that benefit people for generations to come. It comes days after Catawba Nation Chief Brian Harris announced the tribe had filed for state recognition in North Carolina, ahead of a planned casino opening. Future of Lumbee Tribe newly acquired land is up to the people The actual purpose for the new site hasn’t yet been determined, as the announcement suggests the decision will be made “by the will of the Lumbee people.” The update continues to …

11 Completely Unnecessary Everyday Items That Most People Can’t Stop Spending Money On

11 Completely Unnecessary Everyday Items That Most People Can’t Stop Spending Money On

Published by Jenni Sidey

While stress in daily life tends to urge people into a survival mindset and conserve their resources — saving more and spending less on non-necessities — there are certain products most people can’t help but purchase over and over again. Whether it’s seasonal decor or overpriced greeting cards, there are many completely unnecessary everyday items that most people can’t stop spending money on. No matter how we try to rationalize and control our spending habits, many are rooted in inherent emotional and social experiences. We spend on things to cope, find comfort, seek community, feel like we belong, or even to grasp on a sense of control we’re missing. It’s more nuanced than “financial irresponsibility,” especially when it comes to these seemingly harmless everyday purchases. Here are 11 completely unnecessary everyday items that most people can’t stop spending money on 1. Candles they’ll never burn DimaBerlin | Shutterstock So many people spend money on nice things and make investments into material goods, only to keep them tucked away from the light of day forever. They …

Replace dozens of AI subscriptions with one lifetime purchase

Replace dozens of AI subscriptions with one $75 lifetime purchase

Published by skeptic

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Trump says he’s ordered 0 billion mortgage bond purchase

Trump says he’s ordered $200 billion mortgage bond purchase

Published by Sam Flores

President Trump said Thursday he ordered the purchase of $200 billion in mortgage bonds with the goal of easing housing costs through lower interest rates. In a Thursday post on Truth Social, the president said he instructed unspecified “Representatives” to buy $200 billion in mortgage-backed securities, which he argued would “drive Mortgage Rates DOWN, monthly… Source link

Trump says Venezuela will purchase American products with revenue from oil deal

Trump says Venezuela will purchase American products with revenue from oil deal

Published by Sam Flores

President Donald Trump said Wednesday that Venezuela will purchase American products with revenue from its oil sales. “I have just been informed that Venezuela is going to be purchasing ONLY American Made Products, with the money they receive from our new Oil Deal,” Trump said in a post on his social media platform Truth Social. The president said the purchases will include agricultural products, medicine, medical devices and equipment to improve Venezuela’s grid and energy facilities. Trump said Tuesday that Venezuela would turn over 30 million to 50 million barrels of oil to the U.S. after the overthrow of President Nicolás Maduro. The oil will be sold at market prices, Trump said. The sales, if executed, would total more than $2 billion at oil’s Wednesday closing price. Energy Secretary Chris Wright said Wednesday that the U.S. will control Venezuela’s oil sales indefinitely. “We’re going to market the crude coming out of Venezuela — first this backed up stored oil and then indefinitely, going forward, we will sell the production that comes out of Venezuela into …