John Lewis boosts staff pay despite losses February 18, 2026 Retail giant John Lewis has announced a £108m investment in staff pay despite losses at the retail giant tripling over its last financial year. The John Lewis Partnership, which also owns supermarket Waitrose, announced on Wednesday it will hike shop floor pay by 6.9 per cent, which it says will boost the pay packet of [...]
Senior Red Bull Racing figure leaves F1 team weeks before new season February 17, 2026 The period of personnel upheaval continued at the Red Bull Formula 1 team on Tuesday with the departure of chief designer Craig Skinner. Skinner had been with the outfit for 20 years and his departure follows in the footsteps of the likes of design guru Adrian Newey and former Team Principal Christian Horner in leaving the [...]
King’s Doyen can be Chief at Kempton once again February 17, 2026 KEMPTON is the main port of call this Saturday with a competitive card featuring three Grade Twos as well as the Ladbrokes Trophy Handicap Chase (3.35pm). Last year’s winner Katate Dori returns to defend his crown in the feature handicap and is worthy of the utmost respect for trainer Sam Thomas, who has won this [...]
Silence may Echo successes of recent years for De Bromhead February 17, 2026 WITH under three weeks until we hear the famous roar, the Cheltenham Festival is growing ever closer. This week, I’m dipping into a race that we have had relative success in in recent years, the Mares’ Novices’ Hurdle. Bambino Fever and Oldschool Outlaw head the betting for the Irish powerhouses of Willie Mullins and Gordon [...]
Warner Bros reopens Paramount talks as bidding war escalates February 17, 2026 Warner Bros Discovery has resumed talks with Paramount Skydance, reigniting the takeover battle with Netflix for one of Hollywood’s most sought-after studios. WBD confirmed it is entering seven days of deal discussions with the David Ellison-backed group, even as it continues to stand by its agreed $82.7bn (£60.94bn) deal with Netflix. The move follows months [...]
Is AI really to blame for Britain’s rising unemployment? February 17, 2026 Unemployment has risen to 5.2 per cent, the highest level since 2021, as the UK’s labour market continues to cool. But how much of that stagnation can reasonably be attributed to AI? The latest Office for National Statistics (ONS) figures show the jobless rate climbed in the three months to December, while the number of [...]
Brewdog faces hangover from ‘punk’ investment model February 17, 2026 Once offering a craft beer revolution to its “punk” investors, Brewdog’s likely sale has angered some of its thousands of small-scale shareholders and could see the brand’s elements be flogged off in segments. The UK’s largest independent brewer kickstarted the country’s craft beer obsession and challenged traditional financing models by offering cheap shares to consumers. [...]
On this day: Thomas J Watson, father of IBM, was born February 17, 2026 On 17 February 1874, the man who would go on to found the largest industrial research organisation on the planet was born in the tiny town of Campbell, writes Eliot Wilson The town of Campbell, New York, in the Appalachian Mountains had a population of less than 2,000 in 1874. Thomas John Watson, born this [...]
Hamilton Lane’s Erik Hirsch: We’re seeing a private credit witch hunt February 17, 2026 Depending on which central banking chief you talk to, the burgeoning private credit industry is either a cause of insomnia, a “dark corner” of finance or an arcane lending practice whose participants are behaving like bankers in the run-up to the global financial crisis. To Hamilton Lane boss Erik Hirsch, though, it is simply an [...]
Allegion (NYSE: ALLE) Reports Q4, Full-Year 2025 Financial Results, Introduces 2026 Outlook February 17, 2026 High-Single Digit Revenue Growth for the Enterprise and Continued Strength in Americas Non-Residential Quarterly Financial Highlights (All comparisons are year-over-year, unless otherwise noted) Net earnings per share (EPS) of $1.70, up 3.0% compared with $1.65; Adjusted EPS of $1.94, up 4.3% compared with $1.86 Revenues of $1,033.2 million, up 9.3% on a reported basis and up 3.3% on an organic basis Operating margin of 20.3%, compared with 19.5%; Adjusted operating margin of 22.4%, compared with 22.1% Full-Year Financial Highlights (All comparisons are year-over-year, unless otherwise noted) EPS of $7.44, up 9.1% compared with $6.82; Adjusted EPS of $8.14, up 8.1% compared with $7.53 Revenues of $4,067.3 million, up 7.8% on a reported basis and up 4.1% on an organic basis Operating margin of 21.1%, compared with 20.7%; Adjusted operating margin of 23.2%, up 40 basis points compared with 22.8% Available cash flow, which is defined as net cash from operating activities minus capital expenditures, was $685.7 million for 2025, an increase of 17.6% 2026 Full-Year Outlook Highlights Full-year reported revenue growth is estimated to be 5% to 7%, with organic revenue growth estimated to be 2% to 4% Full-year adjusted EPS is estimated to be $8.70 to $8.90 Available cash flow is estimated to be 85% to 95% of adjusted net income