Latest news with #EMEA
Yahoo
11 hours ago
- Business
- Yahoo
Northland Lowers Price Target On Hyster-Yale, Inc. (HY).
Hyster-Yale, Inc. (NYSE:HY) is among the 13 Best Hydrogen and Fuel Cell Stocks to Buy According to Analysts. Ted Jackson, a Northland analyst, maintained a Market Perform rating on Hyster-Yale, Inc. (NYSE:HY)' shares and reduced the firm's price objective from $75 to $50. A view of an aerial platform from below, its masts and attachments nicely uncovered. The analyst cut FY25 predictions due to tariffs and economic uncertainties, citing Hyster-Yale, Inc. (NYSE:HY)'s 'mixed' Q1 compared to the consensus. Hyster-Yale, Inc. (NYSE:HY) reported a 14% year-over-year reduction in lift truck revenues in its 2025 business update, which was made public on May 7. This decline was mostly caused by lower sales volumes in the Americas and EMEA areas. A decline in manufacturing absorption and decreased volumes caused a steep decline in adjusted operating profit. The company's fuel cell division, Nuvera, reported a larger operational loss both sequentially and year over year due to higher R&D costs. Pretax earnings decreased, resulting in a dip in income tax expense from $25 million to $8 million. Operating cash outflows totaled $36 million in the first quarter, compared to $22 million in inflows the previous year. Nonetheless, inventory levels improved, declining by around $70 million annually. Strong bookings of $590 million represented both an annual and a nearly 50% sequential rise, while the backlog was stable at $1.9 billion. It is anticipated that capital expenditures in 2025 will fall between $40 million and $65 million. While we acknowledge the potential of HY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Mail
a day ago
- Business
- Daily Mail
JPMorgan's anti-WFH crusader Jamie Dimon lets top Europe chief work 3,000 miles from his team
A top JPMorgan Chase executive has been allowed to work remotely from his team - while CEO Jamie Dimon continues to crack the whip on employees with his return-to-office mandate. Filippo Gori, the banking behemoth's CEO of Europe, the Middle East, and Africa (EMEA), will be moving to New York City while continuing to run the European business, reported the Financial Times. He is ditching the company's London office - the epicenter of his workload - less than a year after relocating from Hong Kong to take the top job. This means that Gori is free to run the EMEA division five hours behind, and 3,400 miles away from, the bank's managers, staff, and clients whom he is in charge of. While Gori is expected to spend at least half of his time in Europe, the Middle East, and Africa, he'll be living and working from the Big Apple - despite Dimon's incessant belief that managers and bankers ought to work together, in-person and in-office. By contrast, for example, Pablo Garnica, the bank's top executive of EMEA Private Bank, is based in Madrid, Spain - who stressed in an interview last year: 'We believe that being close to the clients and being part of that community is really important.' It's understood that Gori, who is also Co-Head of Global Banking, will be working from the bank's headquarters on Madison Avenue five days a week during his move. CEO Jamie Dimon (pictured) has felt the ire of his staff following his incessant belief that work from home is not effective for running a business Gori's move to the States comes amid CEO Dimon's heated criticisms of remote work, which have made him a champion of the return-to-office culture shift. The Wall Street veteran's ironclad anti-remote work stance has caused a seismic backlash ever since he first announced his plan in the years following the pandemic. '[Return-to-office] for the serfs, work from home for the aristocracy. Yep, sounds about right,' one person previously said. 'Rules for thee but not for me. I despise these double standards,' said another. 'Trash policy from a trash company run by a trash CEO,' added a third. 'Billionaires virtue signaling about "work" while they make 5000x more per hour than average wage is always hilarious,' said a fourth. Earlier this year, the JPMorgan Chase CEO announced that the company would require employees to return to the office five days a week starting in March. Dimon also said one reason he wanted people back in the office was that 'younger people are being left behind.' 'To have the younger people coming in but not their bosses - I have a problem with that too,' he said. He also noted that the benefits of in-person office conversations will help younger people to succeed in their careers. 'All day long we're talking,' he said. 'Constant updates, constant share of information.' Remote work means young people miss out on these conversations, essentially 'leaving them behind,' Dimon said. 'I won't do that.' Dimon further added that remote employees tend to not pay attention on company Zoom calls. His strong-armed stance on remote work went viral after one of the company's employees asked a question during a company town hall back in February. The question, posed by Nicolas Welch, a tech analyst at the bank since 2017, triggered an extraordinary rant from the chairman. 'Don't waste time on it. I don't care how many people sign that f*****g petition,' Dimon said. 'It simply doesn't work. It doesn't work for creativity, it slows down decision-making. And don't give me this s**t that work-from-home-Friday works. I call a lot of people on Fridays, and there's not a goddamn person you can get a hold of.' But his rampant anti-work-from-home mandate has infuriated many bankers. According to insiders, the discontent swirls across departments and seniority levels, with employees sharing concerns about surveillance, privacy, and the feasibility of a five-day office mandate, particularly in offices that don't even have enough desks or parking spaces to accommodate everyone. In March, Dimon obliterated a young crowd asking why they can't work from home while speaking at Stanford University's Graduate School of Business. He got onto the controversial topic after a graduate student asked a question regarding his leaked, expletive-loaded remarks from a company town hall about the finance firm's end of hybrid work. Dimon claimed the only group of people disgruntled with the move are 'the people in the middle' - like corporate office workers. 'If you work in a restaurant, you've got to be in. You all may not know this, but 60 percent of Americans worked the whole time,' he said. 'Where did you get your Amazon packages from? Your beef, your meat, your vodka? Where did you get the diapers from?' Dimon appeared to be referring to people who continued to work in person during the pandemic. 'You got UPS and FedEx and manufacturers and agriculture and hospitals and cities and schools and nurses and sanitation and firemen and military. They all worked,' he continued.
TTG
2 days ago
- Business
- TTG
Experiential travel reigns but climate is still volatile: luxury experts reveal 2025 travel trends
Panellists presented a resilient and positive picture for luxury travel. Despite constant threats of volatility from economic and geopolitical events, they agreed that luxury travel had a lot to be excited about, so here are five key takeaways to help dissect the trends in booking patterns, destinations and experience, and what luxury agents should be prioritising for their clients. Why you can't commoditise luxury travel The panel heard earlier from PwC partner Eleanor Scott that luxury travellers were 10% more likely than other consumer groups to be taking an experiential holiday this year, and were quick to share their observations of luxury traveller priorities. Jennifer Charlton, MD, Cox & Kings and SVP of Sales, A&K UK and EMEA Trade Sales, highlighted how the uniqueness of the experience - not the just the experience itself - is what catapults travel to premium levels. 'People want to get into places where nobody else can; they want that 'surprise and delight' type of element and they want to be met and whisked through the airport. They want to be made to feel special. It's a very consultative type of sell and they start out with a certain idea in mind - but those ideas, that uniqueness, is what is driving [increased spend]. It's very difficult to commoditise luxury travel if you want to upsell.' Travel Counsellors' managing director Kirsten Hughes noted little limit in terms of the amount that premium customers wanted to spend, but was adamant that they want value for that spend. 'Those customers that maybe went to the same hotel pre-Covid, then post Covid prices went up again and again, so they are no longer brand loyal. And now there's so many properties – particularly in Europe – that have upped their game in luxury. People want to spend but they want to come back thinking it was worth it.' No 'Trump effect' - but people are switching destinations Luxury travellers were more likely than others to consider new destinations rather than retreating to the safety of what they have known before, the panel heard. But on the subject of safety, our panel was keen to point out that current geopolitical events and the threat of extreme weather were main drivers for customers booking later as they wait to see what unfolds. Richard Hyde, chief operating officer and managing director of Small Luxury Hotels of the World, was quick to state that he had seen little evidence of the often pronounced 'Trump effect' on sales, but added that the chain was experiencing significant bookings in Caribbean, Japan and the Maldives. He added that certain parts of Asia – such as Thailand or China – were 'definitely bouncing back'. Charlton observed that clients are switching destinations. 'If you look at the Middle East and North Africa, that's been like a yoyo for us. It's difficult to replace unique destinations so there's no one place people are gravitating to,' she said. Hughes added: 'Brits have really short memories, and the US has come back, but we are seeing bookings down for major cities and up for places like Montana, Yellowstone, Texas and ranch holidays.' She noted significant growth in luxury cruise over the past four to five years, with strength in bookings also coming from Asia, Australia – and Albania, 'which has suddenly become popular'. Sales are solid, but 'peaks' and troughs are volatile Broadly speaking, our panellists were reporting solid sales as the year progresses, though they warned the industry should not rest on its laurels and the volatility of the travel market is making it more difficult to forecast. Hyde stated this year has been 'very rosy' for Small Luxury Hotels of the World, with sales currently outdoing last year's 'best ever year', though he stressed now was not the time for the industry to rest on its laurels, with a particular nod to geopolitical uncertainties and world events 'You can have a sequence of events and it comes crashing down,' he warned, adding however that 'people are a lot more savvy these days and have a better sense of what's going on in the world'. Hughes noted that across Travel Counsellors, premium travel was 'solid' against a backdrop of softening for non-premium sales, with average booking values up among premium customers, who were also going on holiday more often.
Korea Herald
3 days ago
- Business
- Korea Herald
Rockwell Automation Introduces PointMax I/O to Empower Flexible Industrial System Design and Reduce Operational Complexity
New I/O solution gives manufacturers greater design freedom to build smarter, more adaptable machines MILWAUKEE, Wis., June 17, 2025 /PRNewswire/ -- Rockwell Automation, Inc. (NYSE: ROK), the world's largest company dedicated to industrial automation and digital transformation, today announced the release of PointMax™ I/O, a flexible remote input/output (I/O) system designed to help manufacturers tackle the growing complexity of modern industrial operations. As manufacturing environments become increasingly dynamic and interconnected, the ability to quickly adapt system architectures is more important than ever. Traditional I/O systems, which rely on extensive wiring and large control cabinets, are becoming harder to scale and maintain as production demands grow and equipment footprints shrink. To keep pace, manufacturers need flexible and efficient solutions that allow for design flexibility without adding unnecessary complexity. PointMax I/O was built to address the real-world constraints manufacturers face on the plant floor. Its modular design supports scalable and easily reconfigurable I/O deployments—freeing engineers from the constraints of rigid, centralized control systems. For both new machine builds and existing equipment, PointMax I/O delivers the flexibility today's fast-paced manufacturing operations demand. "Customers are looking for smarter, more adaptable solutions that remove friction from system design and maintenance," says Karthikeyan Mahalingam, product manager at Rockwell Automation. "PointMax I/O delivers on that need by offering a simpler way to connect devices, gather insights and keep operations running smoothly. It's about giving manufacturers more control and fewer constraints as they scale." With maximum design freedom and seamless integration with Logix 5000 controllers, PointMax I/O is well suited for high-performance environments that need reliability and real-time communication. It's also built to withstand tough industrial conditions, making it a strong fit for a wide range of applications. The system is being showcased for the first time this week at ROKLive EMEA in Rome, where attendees can explore the technology through live demonstrations, hands-on labs and technical sessions. PointMax I/O is expected to be available for order in Q3 2025. To learn more, visit Rockwell's website. About Rockwell Automation Rockwell Automation, Inc. (NYSE: ROK) is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 27,000 problem solvers dedicated to our customers in more than 100 countries as of fiscal year end 2024. To learn more about how we are bringing the Connected Enterprise® to life across industrial enterprises, visit
Cision Canada
3 days ago
- Business
- Cision Canada
Rockwell Automation Introduces PointMax I/O to Empower Flexible Industrial System Design and Reduce Operational Complexity
New I/O solution gives manufacturers greater design freedom to build smarter, more adaptable machines MILWAUKEE, Wis., June 17, 2025 /CNW/ -- Rockwell Automation, Inc. (NYSE: ROK), the world's largest company dedicated to industrial automation and digital transformation, today announced the release of PointMax™ I/O, a flexible remote input/output (I/O) system designed to help manufacturers tackle the growing complexity of modern industrial operations. As manufacturing environments become increasingly dynamic and interconnected, the ability to quickly adapt system architectures is more important than ever. Traditional I/O systems, which rely on extensive wiring and large control cabinets, are becoming harder to scale and maintain as production demands grow and equipment footprints shrink. To keep pace, manufacturers need flexible and efficient solutions that allow for design flexibility without adding unnecessary complexity. PointMax I/O was built to address the real-world constraints manufacturers face on the plant floor. Its modular design supports scalable and easily reconfigurable I/O deployments—freeing engineers from the constraints of rigid, centralized control systems. For both new machine builds and existing equipment, PointMax I/O delivers the flexibility today's fast-paced manufacturing operations demand. "Customers are looking for smarter, more adaptable solutions that remove friction from system design and maintenance," says Karthikeyan Mahalingam, product manager at Rockwell Automation. "PointMax I/O delivers on that need by offering a simpler way to connect devices, gather insights and keep operations running smoothly. It's about giving manufacturers more control and fewer constraints as they scale." With maximum design freedom and seamless integration with Logix 5000 controllers, PointMax I/O is well suited for high-performance environments that need reliability and real-time communication. It's also built to withstand tough industrial conditions, making it a strong fit for a wide range of applications. The system is being showcased for the first time this week at ROKLive EMEA in Rome, where attendees can explore the technology through live demonstrations, hands-on labs and technical sessions. PointMax I/O is expected to be available for order in Q3 2025. To learn more, visit Rockwell's website. About Rockwell Automation Rockwell Automation, Inc. (NYSE: ROK) is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 27,000 problem solvers dedicated to our customers in more than 100 countries as of fiscal year end 2024. To learn more about how we are bringing the Connected Enterprise® to life across industrial enterprises, visit
