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Global Net Lease: Q2 Earnings Snapshot

Published Thu, 20 Feb 2025 11:46:10 GMT

NEW YORK (AP) — NEW YORK (AP) — Global Net Lease Inc. (GNL) on Thursday reported a key measure of profitability in its second quarter.The real estate investment trust, based in New York, said it had funds from operations of $41.4 million, or 40 cents per share, in the period.Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.The company said it had a loss of $31.4 million, or 30 cents per share.The real estate investment trust, based in New York, posted revenue of $95.8 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GNL at https://www.zacks.com/ap/GNLSource

Wesco International: Q2 Earnings Snapshot

Published Thu, 20 Feb 2025 11:46:10 GMT

PITTSBURGH (AP) — PITTSBURGH (AP) — Wesco International Inc. (WCC) on Thursday reported second-quarter net income of $193.1 million.The Pittsburgh-based company said it had net income of $3.41 per share. Earnings, adjusted for non-recurring costs, were $3.71 per share.The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.46 per share.The maker of electrical and industrial maintenance supplies and construction materials posted revenue of $5.75 billion in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $5.95 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WCC at https://www.zacks.com/ap/WCCSource

BrightView: Fiscal Q3 Earnings Snapshot

Published Thu, 20 Feb 2025 11:46:10 GMT

BLUE BELL, Pa. (AP) — BLUE BELL, Pa. (AP) — BrightView Holdings Inc. (BV) on Thursday reported fiscal third-quarter profit of $16.8 million.On a per-share basis, the Blue Bell, Pennsylvania-based company said it had net income of 18 cents. Earnings, adjusted for amortization costs and non-recurring costs, came to 44 cents per share.The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.The investment company posted revenue of $766 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $777.4 million.For the current quarter ending in September, BrightView said it expects revenue in the range of $730 million to $750 million.The company expects full-year revenue in the range of $2.8 billion to $2.82 billion.BrightView shares have risen 15% since the beginning of the year. The stock has declined 38% in the last 12 months._____This st...

Retired Denver detective allegedly pointed gun at man at Southwest Plaza Mall

Published Thu, 20 Feb 2025 11:46:10 GMT

DENVER (KDVR) — A former Denver police detective was arrested after allegedly pointing a gun at a man at the Southwest Plaza Mall food court.Just after 7 p.m. on Wednesday, the Jefferson County Sheriff's Office said two men got into an altercation in the food court at the mall, located at 8501 W. Bowles Ave. in Littleton. Deputies said the altercation began earlier when the two men allegedly got into a verbal fight on a bus. When the suspect, Martin Vigil, 67, got off the bus, he accidentally left his phone behind.The sheriff's office said Vigil called his phone and the other man picked up and claimed he would not give Vigil his phone back unless he paid him money. Deputies said the two men agreed to meet at the food court in the mall. Colorado prison escapee caught living ‘flashy’ assumed identity in Florida During the argument, Vigil allegedly pulled out a gun and pointed it at the other man.The sheriff's office said mall security confronted Vigil, and he claimed he was a peace ...

Denver weather: Strong evening storms along Eastern Plains

Published Thu, 20 Feb 2025 11:46:10 GMT

DENVER (KDVR) — It'll be another mild Thursday morning along the Front Range before afternoon storms fire up in the Denver weather forecast. The storms will become stronger as they push out into the plains.Weather today: Severe risks for afternoon thunderstormsPartly cloudy skies will allow the highs in Denver to reach the upper 80s again. A light wind will also stick around throughout the metro. Toxic algae prompts swimming closures, warnings at Colorado reservoirs and lakes Be prepared for this afternoon. Once again, storms will form over Interstate 25 between 2-3 p.m. and push out into the plains where they will turn more severe. Pinpoint Weather: Daily forecast on Aug. 3. The risk for severe storms that could produce gusty winds and some hail will increase as the storms move across the Eastern Plains later in the afternoon. The plains through the eastern border are under an enhanced risk for those severe storms.The gusty winds will be the biggest concern for Thursday.Half of ...

Bank of England raises key rate to 5.25 percent

Published Thu, 20 Feb 2025 11:46:10 GMT

The Bank of England raised its key interest rate by a quarter point on Thursday to the highest since 2008, saying that while inflation has begun to fall and the economy is growing with unemployment low “inflation is still too high”. Six out of nine members of the monetary policy committee voted in favor of the move.The hike takes the Bank Rate to 5.25 percent and is the 14th straight rise in a campaign of monetary policy tightening to head off the worst bout of inflation in 40 years. While it has come down from a peak of over 11 percent, headline inflation was still running at nearly 8 percent in July, nearly four times the level that the Bank defines as price stability.It threatens more pain for those with mortgages and tenants who face sharp increases in their rents as landlords try to pass on the increase in the costs of their own loans. Average two-year U.K. mortgage rates are now nearly 7 percent, according to real estate website Rightmove.The Bank repeated tha...

Living Cities movie club

Published Thu, 20 Feb 2025 11:46:10 GMT

Ahead of Living Cities’ summer break, we asked our readers to submit their favorite films about European cities. With entries ranging from “Trainspotting” to “The Third Man,” they didn’t disappoint. Grab some popcorn, turn down the lights, and hit play: With our map of films that capture the spirit of European cities, you’re sure to stay entertained through the rest of the summer.

NFL great Tom Brady becomes minority owner of second-tier British soccer team Birmingham City

Published Thu, 20 Feb 2025 11:46:10 GMT

(CNN) — NFL great Tom Brady has joined a partnership to become a minority owner in second-tier British soccer team Birmingham City, it was announced on Thursday.Brady, who is a seven-time Super Bowl champion, joins with Knighthead Capital Management LLC to purchase a stake in the club.According to the press release, Brady will become the chairman of a new advisory board in which he will work in partnership with the club’s board and be part of the team’s leadership team.“Birmingham City is an iconic club with so much history and passion and to be part of the Blues is a real honor for me,” Brady said in a press release.“BCFC is built on teamwork and determination and I’m excited to work alongside the board, management and players to make our … club second to none. I’ve been part of some amazing teams in my day, and I’m looking forward to applying my perspective to create that same success here in Birmingham.”The club announcement said that Brady will “apply his ext...

Bud Light controversy cost parent company about $395 million in lost US sales

Published Thu, 20 Feb 2025 11:46:10 GMT

Hong Kong (CNN) — The world’s largest brewer is counting the costs of being swept into a controversy over Bud Light in the United States.AB InBev said Thursday that US revenue fell 10% in the second quarter as sales of its top brand slumped. Sales to US retailers declined by 14%, under-performing the wider beer industry, primarily due to the decline in the volume of Bud Light it sold, the company said in a statement.Revenue fell $395 million in North America during the period, compared to the same time a year ago.That figure included sales in Canada, where revenue rose, suggesting the slump was isolated to the United States and that the losses on Bud Light may have been even greater.America’s former longtime No.1 beer has been hit by a backlash from right-wing media and anti-trans commentators since April, after sponsoring transgender influencer Dylan Mulvaney.Mulvaney’s post that month of an image of a custom can of Bud Light on Instagram quickly spiraled into a...

Lebanon warns Palestinian president that troops may intervene if clashes continue in refugee camp

Published Thu, 20 Feb 2025 11:46:10 GMT

SIDON, Lebanon (AP) — Lebanon’s caretaker prime minister called the Palestinian president Thursday to demand an end to the volatile situation in the country’s largest Palestinian refugee camp, warning that Lebanese troops may intervene to stop the fighting that has left dozens dead and wounded.Najib Mikati’s call with Palestinian President Mahmoud Abbas came after days of sporadic clashes between Palestinian factions in the Ein el-Hilweh refugee camp near the southern port city of Sidon.Mikati called the fighting a “flagrant violation of Lebanese sovereignty” and said it was unacceptable for the warring Palestinian groups to “terrorize the Lebanese, especially the people of the south who have embraced the Palestinians for many years,” according to a statement released by his office.His call came as cautious calm returned to the camp and surrounding area Thursday after a night of renewed clashes.Lebanon’s largest Palestinian refugee camp, which is home to about 50,000 people, h...