rodd retweeted
Dutch bank ING is putting up for sale a roughly $500 million portfolio of data center loans all at once, according to people familiar with the matter.
The rare auction comes just days after a Democratic sweep of the US midterm elections raised doubts about the future of many of the projects. bloom.bg/4sLYVOm
📷: Lina Selg/Bloomberg
Why in god’s name should the mob who sunk the company and royally screwed over creditors get it back?
“We have a well-developed plan on how to reset the business for the future.”
David Jones administration: Stores closing down before Christmas…
theage.com.au/business/compa…
rodd retweeted
Paraguay President Santiago Peña resigns bbc.in/4BK2JDF
rodd retweeted
Breaking news: Tech stocks chalked up their biggest one-day drop since the Covid pandemic following the Democrats’ sweeping midterm elections victory that upended Wall Street’s mammoth AI bet. ft.trib.al/MybJSBs
rodd retweeted
Italian chef fired for refusing to put pineapple on pizza bbc.in/4egT8uf
rodd retweeted
Paraguay's central bank chief resigns at president's request as digital lender crisis deepens reut.rs/4eL5tH8
rodd retweeted
Paraguay’s decision to shut down a digital bank used by nearly a third of its population has left people struggling to figure out how to pay for everything from rent and groceries to bus rides. bloomberg.com/news/articles/…
rodd retweeted
TAPESTRY $TPR Q1’27 EARNINGS HIGHLIGHTS
🔹 Revenue: $1.89B (Est. $1.86B) 🟢; +11% YoY
🔹 Adj. EPS: $1.82 (Est. $1.57) 🟢; +32% YoY
🔹 Non-GAAP Gross Margin: 78.7%; +220 bps YoY
Raises FY27 Guide:
🔹 Revenue: ~$8.5B-$8.6B (Est. $8.54B) 🟡
🔹 EPS: $8.25-$8.35 (Est. $7.97) 🟢
🔹 Adjusted FCF: ~$1.7B; unchanged
🔹 Oper Margin Expansion: ~100 bps; from ~50 bps
🔹 Net Interest Expense: ~$60M; from ~$55M
🔹 Tax Rate: ~18%; from ~18.5%
Q2 Guide:
🔹 EPS: ~$3.05 (Est. $3.02) 🟢
🔹 Revenue Growth: ~5% to 6% constant currency
Segment Net Revenue:
🔹 Coach: $1.66B; +16% YoY
🔹 Kate Spade: $233M; -10% YoY
Announcements:
🔹 New Consumers: 2.6M added; ~35% Gen Z
Other Q1 Metrics:
🔹 DTC Revenue Growth: +9% pro forma
🔹 Operating Cash Flow: $197M; +74% YoY
🔹 Adjusted FCF: $56M; -46% YoY
Key Updates:
🔹 Prior Guidance: FY27 revenue $8.4B-$8.5B; EPS $7.80-$7.90
🔹 Capital Return: ~$2.0B expected in FY27, up from prior guidance; ~$700M returned in Q1
🔹 Share Repurchases: $1.7B in FY27, +$350M vs prior guidance
🔹 Distribution Network Optimization: $15M charge
Comments:
🔸 “Building on this outperformance, we are raising our full year outlook, reflecting our confidence in the durability of our growth.”
rodd retweeted
BREAKING: The Bank of England has raised the base interest rate from 3.75% to 4%
news.sky.com/story/money-per…
rodd retweeted
World's largest olive oil company plummets 19% after rivals agree to takeover deal cnbc.com/2026/11/05/deoleo-o…
Whilst on David Jones, plenty of reports across the stores of concessions pulling stock from the floor, either their staff are boxing up or the merchandise is covered ready to be moved out.
The Sydney CBD is good crowd wise for a Thursday afternoon. Walking through David Jones, I don’t think I’ve seen the store this business (at this time) for quite a while.
The destruction took a little longer than one expected, but never the less it did happen. Whilst the directors of David Jones will have donned their nautical gear and be cowering in the protection of ‘safe harbour’ the question of when they commenced insolvent trading remains.
Absolutely terrible news for David Jones. It will be gutted within a short time. Expect closures and layoffs. Worst result for both the business and $JSEWHL @WOOLWORTHS_SA shareholders.
rodd retweeted
I wrote about Ryan Stokes playing Southern Cross for mugs today, stuffing debt riddled Seven inside it to create a new Seven Media Group turducken
afr.com/rear-window/ryan-sto…
rodd retweeted
Indonesia's stock market will start publishing details on whether shareholders who own more than 1% of a publicly listed firm are the controlling shareholder, or affiliates of a controlling shareholder, authorities said. reuters.com/legal/government…
How a feared judge became the headline act at an Oxford St rave cave
afr.com/companies/profession…
Quote of the day: Australian department store head office staff member on failure of negotiations to save the company…
“Why would anyone believe what that bitch had to say?”
🤣🤣🤣🤣🤣
David Jones civil war: Ex-CEO sues over ‘oppressive’ conduct
heraldsun.com.au/business/ec…