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Geode Capital Management LLC boosted its holdings in shares of Global Business Travel Group, Inc. ( NYSE:GBTG – Free Report ) by 19.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,339,395 shares of the company’s stock after purchasing an additional 386,636 shares during the quarter. Geode Capital Management LLC owned approximately 0.49% of Global Business Travel Group worth $17,993,000 at the end of the most recent reporting period. Several other institutional investors also recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its position in shares of Global Business Travel Group by 1,116.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,007,861 shares of the company’s stock valued at $6,652,000 after buying an additional 925,018 shares in the last quarter. State Street Corp raised its position in Global Business Travel Group by 21.7% during the third quarter. State Street Corp now owns 1,946,990 shares of the company’s stock worth $14,972,000 after acquiring an additional 346,540 shares during the period. Advantage Alpha Capital Partners LP acquired a new position in Global Business Travel Group during the third quarter worth $2,077,000. Charles Schwab Investment Management Inc. lifted its holdings in Global Business Travel Group by 41.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 806,519 shares of the company’s stock valued at $6,202,000 after purchasing an additional 237,682 shares in the last quarter. Finally, Barclays PLC grew its position in shares of Global Business Travel Group by 362.3% in the third quarter. Barclays PLC now owns 198,673 shares of the company’s stock valued at $1,528,000 after purchasing an additional 155,696 shares during the period. 82.46% of the stock is owned by institutional investors and hedge funds. Analyst Ratings Changes Several research analysts recently weighed in on GBTG shares. UBS Group assumed coverage on shares of Global Business Travel Group in a research report on Friday, November 22nd. They set a “buy” rating and a $11.00 price target for the company. Morgan Stanley increased their target price on Global Business Travel Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, Citigroup raised their target price on Global Business Travel Group from $9.00 to $9.50 and gave the company a “buy” rating in a research report on Friday, October 4th. Global Business Travel Group Price Performance GBTG stock opened at $9.37 on Friday. Global Business Travel Group, Inc. has a 1 year low of $4.49 and a 1 year high of $9.60. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market capitalization of $4.41 billion, a PE ratio of -26.03 and a beta of 0.73. The business has a 50 day simple moving average of $8.80 and a 200-day simple moving average of $7.61. Global Business Travel Group ( NYSE:GBTG – Get Free Report ) last issued its earnings results on Tuesday, November 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.14). The company had revenue of $597.00 million during the quarter, compared to analyst estimates of $611.89 million. Global Business Travel Group had a negative return on equity of 9.70% and a negative net margin of 7.06%. During the same period last year, the business earned ($0.02) earnings per share. Equities research analysts anticipate that Global Business Travel Group, Inc. will post -0.17 earnings per share for the current fiscal year. Global Business Travel Group announced that its board has approved a stock buyback plan on Tuesday, November 5th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 8.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued. Global Business Travel Group Company Profile ( Free Report ) Global Business Travel Group, Inc provides business-to-business (B2B) travel platform in the United States and internationally. The company's platform offers a suite of technology-enabled solutions to business travelers and clients; travel content suppliers, such as airlines, hotels, ground transportation, and aggregators; and third-party travel agencies. Read More Five stocks we like better than Global Business Travel Group Why Invest in 5G? How to Invest in 5G Stocks Buffett Takes the Bait; Berkshire Buys More Oxy in December How to Calculate Inflation Rate Top 3 ETFs to Hedge Against Inflation in 2025 Top Stocks Investing in 5G Technology These 3 Chip Stock Kings Are Still Buys for 2025 Receive News & Ratings for Global Business Travel Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Business Travel Group and related companies with MarketBeat.com's FREE daily email newsletter .Ministers are also due to have meetings on Monday with ferry companies where they will ask them to add more journeys to ensure people can get home in time for Christmas Trucks and trailers sit parked at Holyhead Port. Photo: Matthew Lloyd/Bloomberg Holyhead port. Stock photo Truck drivers will be allowed drive more and rest less for the next two weeks as the Government prepares to ease rules for hauliers over fears package deliveries might not make their destinations in time for Christmas. Transport Minister Eamon Ryan and Minister of State James Lawless drafted a derogation from the strict rules applied to haulage drivers after trucks carrying Christmas deliveries had to be rerouted following the closure of Holyhead Port. The ministers are also due to have meetings on Monday with ferry companies where they will ask them to add more journeys to ensure people can get home in time for Christmas, and so packages are delivered. They also have meetings planned with their counterparts in Wales and England as they seek to find solutions to the backlog caused by the Welsh port closure due to damaged caused by Storm Darragh. It comes after An Post was forced to reroute drivers holding around 500,000 packages in Holyhead which were bound for Ireland. The majority of the packages have now made their way to Ireland and will be delivered to homes in the coming days. An Post said 99pc of packages ordered before Storm Darragh, which was seven days ago, will be delivered in time for Christmas. Drivers are currently finding alternative routes to bring the backlogged parcels to Ireland. The easing of driving restrictions for drivers will see the maximum daily driving time extended to 11 hours in a day but not more than twice a week. This is in addition to the extension to 10 hours normally allowed. This exception is limited however by a weekly driving time limit of 60 hours (normally 56) and a fortnightly limit of 102 hours (normally 90 hours) This effectively means that drivers could work one longer week but then would need to compensate the following week. A driver could drive 60 hours one week followed by a 42 hour week or could split the times across a fortnight. The derogation will also see the required weekly rest period reduced from 45 hours to 24 hours. Irish Road Haulage Association President Ger Hyland said the Welsh port closure has been having a “devastating effect all week” with trucks laying up on both sides of the Irish Sea with “nothing to do”. “Our trailers are all tied up, some are sitting in Holyhead, some are sitting on customers premises – and we’re getting very limited bookings on other ports to come back to Ireland, they’re all at full capacity,” Mr Hyland said. Yesterday, An Post said it has the "facilities, technology and staff" to ensure the rerouted packages will be delivered in the coming days to homes and businesses. In a statement, it said UK retailers are working with ferry companies to find alternative routes for trucks carrying parcels. "Larger capacity ferries are now accessing Ireland from Wales, Scotland and Liverpool via Rosslare Europort, Larne and Dublin Port, and will continue to do so right up to Christmas and into New Year 2025," it said. The postal service said it had secured routes for vehicles carrying around 350,000 packages and expects to receive the remaining 150,000 parcels in the coming days.
LISBON, Portugal (AFP)— Mikel Arteta has called on his Arsenal team to be “ruthless” as they seek to end their away-day blues in the Champions League against Sporting Lisbon on Tuesday. The Gunners have failed to win — or even score — in their past four European matches on the road. Their last away win came against Sevilla in the group stages in October 2023. A narrow 1-0 defeat at Inter Milan earlier this month has left Arteta’s men 12th in the new-look Champions League table. The Spaniard believes a victory in the Portuguese capital, against a Sporting side who, when still managed by Ruben Amorim, thumped Manchester City 4-1 earlier this month, will prove they belong in elite company. “It’s certainly something we have to improve,” Arteta told reporters on Monday. “I think we have made the right steps and, looking back with the way we played against Inter, which is a team that has been so dominant in their league, reached the final of the Champions League (in 2023), which they should have won, to play and dominate that game. “But the reality is that you have to make it happen and we didn’t. “Making those steps is what we have to do next. Be ruthless, be efficient in the opposition box and do what we have to do to take the three points away from here.” Sporting are now managed by Joao Pereira, who has been promoted from the reserve team after Amorim’s switch to Manchester United. “The run they are on is incredible,” said Arteta. “That tells you that it is not only the quality, the set-up, the ambition, it is something about the team energy that they have. “That is a great challenge that we have tomorrow, to come here and make a statement and show we are capable against this kind of opponent. Be ourselves and win the game.” Kieran Tierney was a surprise addition to the travelling squad. The Scotland full-back has been sidelined since June after suffering a hamstring injury at Euro 2024. If called upon, Tierney would make his first Arsenal appearance since the 2023 Community Shield. “Everybody in the squad is fully fit and available to start the game,” said Arteta. “We have Kieran Tierney after a long injury, it’s great news that he’s back, he’s been training with the team and he’s at the level to participate.”Nittany Lions regulars sustain serious leg injuries at Minnesota
Air Canada to bar carry-on bags for lowest-fare customers
Radio is magic. I still cannot comprehend how sound waves travel over the air to reach my ears through that wonderful gadget called the radio. Imagine how surprised those who lived over a century ago must have been when they heard a voice that literally came out of thin air. Of course, everyone thought that radio would die when television came to the scene. After all, here was a medium that could beam pictures over the ether, along with sound. In fact, when Music Television (MTV) was launched almost four decades ago, the first song played, somewhat ironically, was “Video Killed the Radio Star”. But radio is still very much alive and kicking, via both traditional FM/Digital Audio Broadcasting (DAB) airwaves and the Internet. There is a debate over the legacy left behind by the British and we cannot deny that some of the things they bestowed upon us have been beneficial – from the railways to tea plantations. Radio is also part of that legacy. In fact, Radio Ceylon, the precursor to the Sri Lanka Broadcasting Corporation (SLBC) began broadcasting in 1924, just two years after the British Broadcasting Company, later renamed the British Broadcasting Corporation (BBC), took to the airwaves in London. Thus the SLBC has the distinction of being one of the oldest continuously functioning radio services in the world. The SLBC, as well as radio technology, have evolved over the past 99 years, but its core mission has remained the same – Educate, Entertain and Inform. Unlike the private radio stations which can have loose talk and lousy music all day long, the SLBC has strictly maintained its professional standards through the years. It is perhaps this commitment to quality broadcasting that has enabled the SLBC to face stiff competition from dozens of private Sinhala, Tamil and English radio stations. Radio, the sole source of entertainment As a child of the 80s, I grew up with the SLBC. Although television was introduced to Sri Lanka in 1979, it took a few years for the “idiot box” to come to my village in Ambalangoda and radio was the sole source of entertainment we had. I remember waking up to religious programs and devotional songs, followed by patriotic songs, which wafted into our ears as my brothers and I got dressed to go to school. On the days that I did not attend school, our German-made Grundig radio was constantly on and by my side, dishing out favourites chosen by listeners. These request programs were a hit in all three language streams, back in the days when one had to send a postcard with the title of the song and the names of people requesting it. Old SLBC hands tell me that they had to wade through a pile of postcards to reach the microphone. Back then, there was no FM, but the AM sound quality was not bad either. The first teledrama was not aired until 1983 and at least until then, radio dramas reigned supreme. I remember two of them in particular – Muwanpelessa and Monarathenna. These two were so successful that the entire country came to a standstill when they came on air during the prime time belt from 8.30 p.m. to 9.00 p.m. Later, both of them were turned into hit movies, featuring most of the members of the radio crew, who were only heard but not seen until then. Then there were programs such as “Thunpath Rata” which wove a beautiful cultural tapestry. Even amidst the proliferation of private TV and radio channels, the SLBC is still the most trusted source of news for most people, with its news jingle ingrained in the mind of practically every Sri Lankan. Broadcasting with wide reach The SLBC did reach shores beyond Sri Lanka, through AM as well as Short Wave (SW), which is now nearly dead thanks to the rise of the Internet. In fact, the SLBC’s Binaca Geethmala show featuring the top Hindi hits of the day was enormously popular in India. (At the beginning, Rupavahini too was highly popular in Tamil Nadu because India did not have colour TV until the late 80s). The SLBC had a treasure trove of Vinyl LPs of songs in many languages (which are back in vogue worldwide, overtaking the Compact Disc or CD), not to mention spoken word material such as famous speeches by Sri Lankan and world leaders. These have since been digitised. In a way, the Internet has been a blessing for SLBC and other radio services. Today, one need not own a radio per se to listen to the radio, though dedicated radio sets are still available. Some manufacturers such as Roberts still make retro-looking radios that evoke the nostalgia of the early days of radio. The SLBC reaches listeners around the world through www.slbc.l and smartphone apps. There is another way to get the SLBC (all its channels) – Radio Garden, a dedicated radio app that features practically every radio station on Earth. What they do is mind boggling to say the least. All you need is a smartphone and a good pair of Automatic Noise Cancelling (ANC) headphones to drown out external sounds and you become one with the awesome sound of the radio. Many have predicted the death of radio over the years and any reports of the same have been greatly exaggerated. In fact, the Internet seems to have given a new lease of life to radio with the concept of podcasting. You do not have to give up your other chores to listen to the radio or a podcast, unlike TV which requires one to sit down and be a passive witness to the events depicted on the screen. The SLBC has reached a remarkable milestone with its 99th anniversary. We do not know what form radio will take by 2034, leave alone 2134. Such is the pace of technological progress. But the concept of radio will not fade away, just as the concept of quality journalism will not fade away even if print itself does not survive the Internet age. May the SLBC live long and prosper.
Louisiana judge halts state police plans to clear New Orleans homeless camps before Thanksgiving