
The performance of ( ) over the past several years has been simply phenomenal. The Rolls-Royce share price, under 40p in 2020, has recently been close to £6. It has now fallen back slightly to trade at around £5.50. But I reckon it could get back up to and pass the £6 mark. In fact, I would not be surprised to see it go past £7 in 2025. Momentum and fundamentals A couple of different things affect share prices, depending on the situation. One of them is the fundamental, underlying performance of the business. I will discuss Rolls’ in just a moment. But can also be important. As investors (and perhaps speculators) who fear missing out, they keep piling into a hot share, pushing it upwards. That can last a long time but equally can suddenly go into reverse. Momentum largely ignores fundamentals on the way up – but the same can be true on the way down, too. Even a strong business can see its share price fall in the short to medium term if enough investors fall out of love with it (or simply opt to cash in their gains to spend on something else). I like the look of the business, if things go smoothly So, I think momentum alone could push the shares to £6. That may even be true up to £7, although that will be harder. But as a believer in , not a trader, my interest is not in momentum but rather in the fundamentals that ought to underpin the Rolls-Royce share price over the long run. At £6, the prospective price-to-earnings ratio would be nearly 22, and at £7, over 25. Those look high to me. However, that is based on the company’s current earnings. But imagine Rolls can double its earnings. That may sound ambitious. But at the half-year point, were 83% higher than in the same six months last year. Not only that, but Rolls is still only on the road to meeting its ambitious medium-term financial targets. If it manages to do that and earnings rise accordingly, I think £7 would be a reasonable valuation for the share. I’m not ready to board! Despite that – a 27% potential jump from the current Rolls-Royce share price – I will not be buying. Why not? The targets are ambitious and Rolls has a long history of mixed performance. Some of that is within the company’s control. But some key elements are not. For example, demand for civil aviation engine sales (and, to a lesser extent, servicing) can plummet when people stop flying en masse, for example because of terrorist fears or pandemic-related travel restrictions. I expect such demand shocks to happen again at some point. They lie outside the company’s control. Maybe its nuclear power and defence businesses will help absorb the shock, but civil aviation is core to the company. I do not think the current share price, let alone a higher one, offers me sufficient margin of safety to reflect that risk properly.
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UCF coach Gus Malzahn reportedly resigning to take Florida State OC job
President-elect Donald Trump said on Saturday that he wants real estate developer Charles Kushner, father of Mr Trump’s son-in-law Jared Kushner, to serve as ambassador to France. Mr Trump made the announcement in a Truth Social post, calling Charles Kushner “a tremendous business leader, philanthropist, & dealmaker”. Mr Kushner is the founder of Kushner Companies, a real estate firm. Jared Kushner is a former senior Trump adviser who is married to Trump’s eldest daughter, Ivanka. The elder Mr Kushner was pardoned by Trump in December 2020 after pleading guilty years earlier to tax evasion and making illegal campaign donations. Prosecutors alleged that after Charles Kushner discovered his brother-in-law was co-operating with federal authorities in an investigation, he hatched a scheme for revenge and intimidation. Mr Kushner hired a prostitute to lure his brother-in-law, then arranged to have the encounter in a New Jersey motel room recorded with a hidden camera and the recording sent to his own sister, the man’s wife, prosecutors said. Mr Kushner eventually pleaded guilty to 18 counts including tax evasion and witness tampering. He was sentenced in 2005 to two years in prison – the most he could receive under a plea deal, but less than what Chris Christie, the US attorney for New Jersey at the time and later governor and Republican presidential candidate, had sought. Mr Christie has blamed Jared Kushner for his firing from Mr Trump’s transition team in 2016, and has called Charles Kushner’s offences “one of the most loathsome, disgusting crimes that I prosecuted when I was US attorney”. Mr Trump and the elder Mr Kushner knew each other from real estate circles and their children were married in 2009.Chavit stresses role of reservist forces
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COLUMBIA, Mo. (AP) — Arkansas defensive end Landon Jackson was carted off the field and taken to a hospital with a neck injury late in the first half of Saturday's game at No. 24 Missouri. Jackson appeared to injure his neck while trying to tackle Missouri running back Jamal Roberts. Medical personnel tended to Jackson for approximately 10 minutes before he was placed on a backboard and driven to a waiting ambulance. Jackson gave a thumbs-up sign as he was carted off the snow-covered field. Arkansas athletic director Hunter Yurachek said Jackson had movement in his arms and legs but was experiencing pain in his neck. He said Jackson was taken to the hospital as a precaution. Jackson leads the Razorbacks with 9 1/2 tackles for loss and 6 1/2 sacks, and is considered a potential first-round pick in next year's NFL draft. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-footballCooper Rush is making a good case to stay as Dak Prescott’s backup with CowboysGauge Protection Design: Enhancing Drilling Performance and Wellbore Stability.
How butter became a status symbol in the cost-of-living crisis: TikTok goes wild for £3 cinnamon and chocolate-flavoured spreads - as Japanese thriller about a serial killer obsessed with the dairy product becomes a hit in the UK All Things Butter secured £2.2m investment six months after its launch Read More: The curse of season 2 - shows that should've stayed one hit wonders By LYDIA HAWKEN FOR MAILONLINE Published: 08:19 EST, 30 November 2024 | Updated: 08:49 EST, 30 November 2024 e-mail View comments It's the everyday kitchen essential that most people don't think particularly hard about before adding to their shopping basket. But in the wake of the cost-of-living crisis, butter appears to have become a status symbol in itself. And bog-standard brands aren't going to cut it among foodies on TikTok and Instagram. In May, All Things Butter - a brand set up by celebrity chef Thomas Straker boasting 100,000 followers on Instagram - managed to secure £2.2m of investment just six months after its launch thanks to its huge popularity among young consumers. The huge show of support came after the brand - which specialises in flavoured butters, including garlic and herb, chilli, cinnamon bun and chocolate - sold 100,000 packs in their first 10 weeks. Perhaps unsurprisingly, the uniquely flavoured butters are priced on the higher end of the scale - typically retailing for around the £3.15 mark. Over the past six months, their butters have also set TikTok alight - with videos of foodies raving about the flavours amassing hundreds of thousands of views, having successfully launched in ASDA , Ocado and Sainsbury's . And like any brand with a cult following, All Things Butter have also come out with a range of merchandise, including a £24 t-shirt and £9 branded socks. Pictured: All Things Butter's Garlic and Herb and Chilli varieties, which are on sale in Waitrose, Sainsbury's and Ocado Pictured: the best-selling Japanese thriller Butter, which has been nominated as Waterstones' Book of the Year Meanwhile, The New York Times named Kerrygold - the Kardashian's preferred brand - the 'butteriest butter' earlier this month, describing how unwrapping a block is an 'almost transcendent' experience. The hysteria around the otherwise ordinary dairy product comes as the best-selling Japanese thriller Butter, which has been nominated as Waterstones' Book of the Year, has taken the UK by storm. The novel by Asako Yuzuki follows a journalist who tries to gain an exclusive interview with an imprisoned serial killer, who fantasises about one day getting to taste high-quality French butter again. Here FEMAIL reveals how Britain is going mad for butter in the midst of the cost of living crisis. 'Aspirational' marketing Earlier this month, brand and marketing consultant Miranda Shanahan posted a TikTok detailing how All Things Butter has created huge interest in this otherwise ordinary category. In her viral TikTok , the expert explained: 'We're now living in a world where butter is a status symbol [...] here's how I think they did it. 'First of all, they have applied an aspirational brand narrative to a commodity product. 'Through great design, content, storytelling, they've elevated a staple into something that's fun, creative and desirable.' In May, All Things Butter - a brand set up by celebrity chef Thomas Straker boasting 100,000 followers on Instagram - managed to secure £2.2m of investment just six months after its launch thanks to its huge popularity among young consumers In May, All Things Butter - a brand set up by celebrity chef Thomas Straker boasting 100,000 followers on Instagram - managed to secure £2.2m of investment just six months after its launch thanks to its huge popularity among young consumers Read More EXCLUSIVE British-founded Vietnamese restaurant chain Pho surrenders trademark However, the expert also noticed the flavoured butters have launched in the ideal climate - where younger customers are looking for 'little treats' Looking at some of the flavours, Miranda added: 'In essence, butter has become another little treat for us to treat ourselves with.' Currently, there are over 105m posts on TikTok using the hashtag #littletreat - making it a lucrative means of targeting consumers. What's more, food industry experts have argued there is a revolution happening in UK butter aisles thanks to this marketing aimed at younger people. Speaking to The Grocer earlier this year, Hamish Renton, MD of food consultancy HRA Global, said: 'There’s a bit of a revolution happening within culinary butters. And it's growing really fast.' Meanwhile, Rich Clothier, MD of Wyke Farms, argued consumers are trying to match their 'aspirational' butters to more expensive bread, which they may have bought as a TikTok-approved 'little treat'. The expert said: 'If you’re going to spend more on artisan bread then you want a really nice butter to put on it. 'It’s similar to gin & tonic. If you’re going to buy a nice gin you want to put it with a nice tonic.' Butter shortages Like with anything in history, the more expensive something is, the more social status it has as a result. TikToker FredsKitchens showed his 22,900 followers how to grate Kerrygold butter - which was named the New York Times' 'butteriest butter' earlier this year - on toast The Grocer reports Country Life's Salted and Unsalted butters are both up by 13 per cent in Sainsbury's - leading to annual price increase of 24 per cent. Stock image In the past month, the price of butter has risen as much as 20 per cent in some supermarkets. The Grocer reports Country Life's Salted and Unsalted butters are both up by 13 per cent in Sainsbury's - leading to annual price increase of 24 per cent. Meanwhile, Sainsbury's, Tesco, Morrisons, Aldi and Lidl's own-brand butters have all increased by 5.6 per cent - jumping from £1.79 to £1.89. In Waitrose, All Things Butter's Garlic and Herb offering jumped a staggering 20 per cent this month. Economist Harvir Dhillon told the publication: 'Tight supplies of milk and cream, due to adverse weather conditions, have led to wholesale butter prices soaring, currently 60 per cent higher than a year ago.' Moaning about the price increase on X, one user wrote: 'Lurpak is considered a luxury nowadays.' Another added: 'Kerrygold is a luxury item for most families.' The UK's shortages come as Russian supermarkets have been forced to lock butter away after the price of a block increased by 25 per cent over the past year. A report from Russia's central bank read: 'Prices for dairy products, especially butter, continued to rise faster in September. Increased cost pressures continued to pass through to prices for this category of goods.' Popularity of Butter thriller Pictured: Butter author Asako Yuzuki, who won the breakthrough author award at the Books Are My Bag Awards earlier this year In the book, suspected serial killer Manako Kaji - an amateur chef with a taste for luxury - tells her female interviewer: 'There are two things that I can simply not tolerate: feminists and margarine.' Read More Meet the best chef in the WORLD who serves £600 dinners The thriller Butter: A Novel of Food and Murder was originally published in Japan back in 2017, where it became an instant bestseller. The crime thriller, which is loosely based on the story of the Konkatsu Killer, was published in the UK in February - and won the breakthrough author award at the Books Are My Bag Awards. What's more, the international bestseller - which is set during a butter shortage - is also in this year's top 20 translated fiction titles, according to The Guardian . In the book, suspected serial killer Manako Kaji - an amateur chef with a taste for luxury - tells her female interviewer: 'There are two things that I can simply not tolerate: feminists and margarine.' During their first meeting, the prisoner demands Rika, a journalist who desperately wants to get an exclusive interview with her, try Echiré butter, which can retail for up to £8. She tells the reporter: 'When I'm eating good butter, I feel somehow as though I am falling [...] that same feeling as when the lift plunges towards the ground floor. 'The body plummets, starting from the very tip of the tongue.' The month after Butter was published in the UK, Waitrose reported a 20 per cent increase in sales of spreadable butter, The Times reports. Marking a change in attitudes towards full-fat dairy products, Marks and Spencer announced whole milk would be their cafes' default option when making coffees in February. Instagram TikTok Share or comment on this article: How butter became a status symbol in the cost-of-living crisis: TikTok goes wild for £3 cinnamon and chocolate-flavoured spreads - as Japanese thriller about a serial killer obsessed with the dairy product becomes a hit in the UK e-mail Add commentORLANDO, Fla. — UCF coach Gus Malzahn is resigning after four seasons with the school. ESPN’s Pete Thamel was the first to report the move, which will see Malzahn to leave to take the offensive coordinator job at Florida State. Malzahn previously worked with FSU coach Mike Norvell during their time at Tulsa under then-coach Todd Graham from 2007-08. The Knights ended a disappointing 4-8 season in which they lost eight of their last nine games, the longest losing streak since 2015. Malzahn, 59, was in the fourth year of a contract through 2028. His buyout, it is reported, would have been $13.75 million. He finished 27-25 at UCF but lost 16 of his last 22 games and was a dismal 4-14 in two seasons in the Big 12. After back-to-back nine-win seasons in 2021-22, the Knights went 6-7 in 2023 and 4-8 in 2024. People are also reading... ‘I don’t care who’s played': Nebraska’s Dana Holgorsen on personnel changes at tight end Search warrants lead to arrest of man in narcotics investigation At the courthouse, Nov. 23, 2024 Blue Springs family to host 2025 Cattleman's Ball La Segoviana finds new home in Court Street Plaza They fell in love with Beatrice. So they opened a store in downtown. Streaming review: 'Landman' gives Billy Bob Thornton a real gusher of a series Amie Just: Bring out the tissues — and the brooms — for Nebraska volleyball's emotional win Fall Farmers Market and Brunch planned for Saturday Dale G. Lunsford Board of Supervisors denies permit for Filley telecom tower 'The Message' religious sect sprouts destructive groups across globe Amie Just: Could the Big 12 be left out of CFP? And, is Ohio State better than Oregon? Video of postgame encounter between Luke Fickell, Donovan Raiola circulates online Courthouse lighting ceremony planned for Sunday This season started with high expectations as Malzahn made sweeping changes to the program. He retooled the strength and conditioning department and hired Ted Roof and Tim Harris Jr. as defensive and offensive coordinators, respectively. He also added nearly 50 new players to the roster, leaning heavily on the transfer market. UCF started by winning its first three games against New Hampshire, Sam Houston and a thrilling comeback at TCU, but offensive struggles saw the Knights tumble through a TBD-game losing streak to finish the season. Terry Mohajir hired Malzahn on Feb. 15, 2021, six days after he was hired to replace Danny White. The move came eight weeks after Malzahn had been fired at Auburn after eight seasons of coaching the Tigers. The two briefly worked together at Arkansas State in 2012 before Malzahn left for the Auburn job. “When he [Mohajir] offered the job, I was like, ‘I’m in.’ There wasn’t thinking about or talking about ...,” Malzahn said during his introductory press conference. “This will be one of the best programs in college football in a short time. This is a job that I plan on being here and building it.” UCF opened the 2021 season with non-conference wins over Boise State and Bethune-Cookman before traveling to Louisville on Sept. 17, where quarterback Dillon Gabriel suffered a fractured collarbone in the final minute of a 42-35 loss. Backup Mikey Keene would finish out the season as Gabriel announced his intention to transfer. The Knights would finish the season on the plus side by accepting a bid to join the Big 12 Conference in September and then by defeating Florida 29-17 in the Gasparilla Bowl. Malzahn struck transfer portal gold in the offseason when he signed former Ole Miss quarterback John Rhys Plumlee. Plumlee, a two-sport star with the Rebels, helped guide UCF to the American Athletic Conference Championship in its final season. However, Plumlee’s injury forced the Knights to go with Keene and freshman Thomas Castellanos. The team finished with losses to Tulane in the conference championship and Duke in the Military Bowl. Plumlee would return in 2023 as UCF transitioned to the Big 12 but would go down with a knee injury in the final minute of the Knights’ 18-16 win at Boise State on Sept. 9. He would miss the next four games as backup Timmy McClain took over the team. Even on his return, Plumlee couldn’t help UCF, on a five-game losing streak to open conference play. The Knights got their first Big 12 win at Cincinnati on Nov. 4 and upset No. 15 Oklahoma State the following week, but the team still needed a win over Houston in the regular-season finale to secure a bowl bid for the eighth straight season. From the moment Malzahn stepped on campus, he prioritized recruiting, particularly in Central Florida. “We’re going to recruit like our hair’s on fire,” Malzahn said at the time. “We’re going to go after the best players in America and we’re not backing down to anybody.” From 2007 to 2020, UCF signed 10 four-star high school and junior college prospects. Eight four-star prospects were in the three recruiting classes signed under Malzahn. The 2024 recruiting class earned a composite ranking of 39 from 247Sports, the highest-ranked class in school history. The 2025 recruiting class is ranked No. 41 and has commitments from three four-star prospects. Malzahn has always leaned on the transfer market, signing 60 players over the past three seasons. Some have paid huge dividends, such as Javon Baker, Lee Hunter, Kobe Hudson, Tylan Grable, Bula Schmidt, Amari Kight, Marcellus Marshall, Trent Whittemore, Gage King, Ethan Barr, Deshawn Pace and Plumlee. Others haven’t been as successful, such as quarterback KJ Jefferson, who started the first five games of this season before being benched for poor performance. Jefferson’s struggles forced the Knights to play musical chairs at quarterback, with true freshman EJ Colson, redshirt sophomore Jacurri Brown and redshirt freshman Dylan Rizk all seeing action at one point or another this season. This season’s struggles led to several players utilizing the NCAA’s redshirt rule after four games, including starting slot receiver Xavier Townsend and kicker Colton Boomer, who have also entered the transfer portal. Defensive end Kaven Call posted a letter to Malzahn on Twitter in which he accused the UCF coaching staff of recently kicking him off the team when he requested to be redshirted. 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Poll: Plurality Call Biden Pardons 'Inappropriate'President-elect Donald Trump on Saturday nominated Charles Kushner, the father of his son-in-law Jared Kushner, as the US ambassador to France, in the latest of several controversial picks. Kushner "is a tremendous business leader, philanthropist, & dealmaker, who will be a strong advocate representing our Country & its interests," Trump said on his Truth Social website, adding that Jared "worked closely with me in the White House." The choice is in keeping with Trump's pattern, so far, of selecting people, often wealthy, who are close to his family or of proven loyalty. Kushner is a multimillionaire real estate executive and former attorney; his son was a senior adviser during Trump's first term. Trump did not mention, however, that the elder Kushner once served jail time -- a two-year sentence, most of it served in a federal prison. Kushner, who is now 70, pleaded guilty in 2004 to 18 counts of tax evasion, witness tampering and making illegal campaign contributions. The case, which was prosecuted by then US attorney Chris Christie, included sordid details, to which Kushner admitted: that he had hired a prostitute to seduce his brother-in-law, a man cooperating in a campaign finance inquiry, and then videotaped the encounter and sent it to the man's wife, Kushner's sister, to dissuade her from testifying against him. Christie, who worked on Trump's first presidential transition team and then opposed him in this year's Republican primary contests, later said Kushner had committed a "loathsome" and "disgusting crime." In 2020, Trump issued a pardon to Kushner, whose conviction had resulted in him being disbarred in three states. Nominees for key ambassadorships are often business associates of a president-elect, or major political donors. But it is rare, if not unprecedented, to name a convicted felon. The first two men to fill the prestigious Paris post were famed inventor and statesman Benjamin Franklin and a future president, Thomas Jefferson. If confirmed, Kushner would succeed Denise Bauer, a former ambassador to Belgium who was a major Democratic fundraiser and donor. md/bbk/md