HARRY Derbudge might be entering 2025 as a single man, after his latest romance may already have ended. The Only Way Is Essex star Harry Derbidge recently announced he was loved up, after suffering a rollercoaster of heartbreak earlier this year. Loved up with tattooed Aussie hairdresser Jam Gaud, Harry was said to be "really happy" with the new relationship but he's now dropped a hint he's single meaning it might not have been perfect. The couple had shared selfies on social media, making their relationship Instagram official but Harry has now appeared to have deleted all trace of Jam across his personal social media accounts. Adding more fuel to the fire that he could now be single, Harry also posted a cryptic Instagram clue. Answering a fan's Q&A where he was asked about his happiest moment in 2024, Harry shared a snap of himself alongside some of his closest friends and co-stars. More on Harry Derbidge He wrote across the picture: "Is having good people around me, friends and family that will always be there for you. "A man may not show me love but I promise you I feel loved by my friends and family and no one will take that away." Earlier in December, it was revealed that Harry and Jam were happily coupled up and the Aussie had even met Harry's family. A source told us: "Harry and Jam have been dating for a few months, he's really happy and he's got his family approval, including his cousin Amy Childs . Most read in Celebrity "His Towie co-stars are chuffed that he's found love again." They added: "Harry is looking forward to the future after the whole Towie saga and split from Joe and wants to put that behind him. "He has healed now and is looking forward to what the future holds." Harry suffered heartbreak and betrayal earlier this year when his ex Joe Blackman ended their engagement, and then began a romance with TOWIE co-star Junaid Ahmed. The drama has recently played out on the most recent series of the ITVBe show. At the end of the series Junaid was seen in tears as he called best mate Dani Imbert to tell her it was over. Despite that, the pair are still very much together and were spotted together on a boozy night out in November. Harry Derbidge's love life has been a whirlwind 2021 - Harry dated and was engaged to Dean Rowland, before the relationship ended in October 2021 2022 - In February 2022, just before Valentine's Day, Harry went Instagram official with a new man named Jackson Lonergan. They dated for a while and Jackson even appeared on TOWIE before the romance fizzled out 2023 - Harry and Joe Blackman begin dating, with the relationship playing out on screen on TOWIE. However it doesn't all go smoothly for the pair 2024 - Harry and Joe struggled and found they were having issues during their time on a cast trip to Cyprus, later splitting when they returned to Essex. Shortly after Harry is left feeling betrayed as his best friend Junaid Ahmed begins dating Joe 2024 - Harry is linked to Aussie hairdresser Jam Gaud, with the pair sharing pictures on social media together and said to be enjoying a new romanceNEW YORK & LONDON--(BUSINESS WIRE)--Dec 2, 2024-- Macquarie Asset Management is pleased to announce the publication of its , providing perspectives on the themes set to influence the investment landscape and performance of key asset classes for the year ahead. In Outlook 2025, “Plan for growth, prepare for volatility,” Macquarie Asset Management outlines its expectations that global growth will remain healthy, driven by the resilience of the developed world consumer. 2024 has been another year of strong returns for investors, with the classic 60/40 portfolio 1 returning 18.2% this year after delivering 13.3% in 2023. 2 Key to this better return environment has been inflation developments, with headline inflation rates across the developed world nearing 2%, allowing central banks to normalise monetary policies. While conditions are constructive, we maintain our longer-term view that we have transitioned to a ‘new normal’ where neutral rates are likely to remain elevated relative to the past decade. At the same time, GDP growth has remained robust, with the US economy continuing its above-trend growth and the Euro area and UK economies seeing solid domestic demand and GDP growth after a challenging 2023. Understanding the likelihood of structural changes in the global economy, driven by the trend towards de-globalization and geopolitical developments remains crucial, in our view, to successful investing over the next decade or more. Many of these factors will be in play next year, but short-term ‘return to normal’ dynamics are also likely to play an important role and will be crucial determinants of returns in 2025. Ben Way, Group Head of Macquarie Asset Management, said: “This year’s Outlook report reflects our view that financial conditions will continue to normalise in 2025. The past year demonstrated the skill of policy makers in navigating the post COVID inflationary surge as well as the resilience of financial markets, leading to strong returns for investors in listed markets. Political challenges to incumbency and subsequent changes in governments and policy, combined with elevated geopolitical tensions globally, contrast with a more constructive outlook for the global economy in 2025.” Real estate as an asset class has historically been highly sensitive to interest rates and is expected to be one of the sectors that benefits most from lower rates over the next 12-24 months. Furthermore, real estate returns generally correlate strongly with economic growth. Overall, the combination of lower interest rates and robust, possibly accelerating, global growth is likely to be particularly powerful for this asset class. Our data indicates that valuations may have stabilized, and we anticipate multiples to rise with declining interest rates. Strong GDP growth should boost earnings, leading to total returns of 11-12%, above the long-term average but consistent with past periods of falling interest rates and accelerating growth. It is worth noting that with particularly strong tailwinds behind data centres and financing conditions expected to improve in 2025, we believe the digital infrastructure sector is poised for an especially dynamic year ahead. Falling interest rates and robust GDP growth form a generally positive backdrop for global equity markets. However, we’ve seen equity market performance disconnect from macroeconomic fundamentals many times over the past few years, making it ever more important to assess markets granularly. While earnings multiples are elevated in certain pockets of the market, the equity risk premium currently sits comfortably at its long-term average, suggesting equity investors should still get rewarded for taking additional risk in this cycle. Despite higher interest rates making fixed income assets more attractive, global equities still offer many opportunities; and with policy expected to be volatile and geopolitical developments likely impacting returns, 2025 is a year where experienced and thoughtful active asset managers can add significant value for investors. In the second half of 2024, bond markets improved materially as inflation moderated and central banks began normalising monetary policies. Looking ahead, since a substantial degree of central bank easing has already been factored into most rates markets and credit spreads have tightened, the potential for aggressive price gains is more limited, although absolute returns should still be healthy by historical standards. To explore these insights and more in detail, please access the full report . Macquarie Asset Management is a global asset manager, integrated across public and private markets. Trusted by institutions, governments, foundations and individuals to manage approximately $US633.7 billion in assets, we provide a diverse range of investment solutions including real assets, real estate, credit and equities & multi-asset. Macquarie Asset Management is part of Macquarie Group, a diversified financial group providing clients with asset management, finance, banking, advisory, and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie Group employs over 20,600 people in 34 markets and is listed on the Australian Securities Exchange. All figures as at 30 September 2024. None of the entities noted in this media release is an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia) and the obligations of these entities do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (Macquarie Bank). Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these entities. In addition, if this media release relates to an investment (a) each investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group company guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment. 1 Portfolio consisting of 60% equities (represented by S&P 500 Index) and 40% bonds (represented by 10-year US Treasuries). 2 Based on Robert Shiller online data, through 1 November 2024. View source version on : CONTACT: Rachel Waxman +1-310-800-4512 KEYWORD: NEW YORK EUROPE UNITED STATES UNITED KINGDOM NORTH AMERICA INDUSTRY KEYWORD: BANKING ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: Macquarie Asset Management Copyright Business Wire 2024. PUB: 12/02/2024 04:58 PM/DISC: 12/02/2024 04:58 PM

The best women’s snow pants for skiing, sledding and beyondNEW YORK & LONDON--(BUSINESS WIRE)--Dec 2, 2024-- Macquarie Asset Management is pleased to announce the publication of its , providing perspectives on the themes set to influence the investment landscape and performance of key asset classes for the year ahead. In Outlook 2025, “Plan for growth, prepare for volatility,” Macquarie Asset Management outlines its expectations that global growth will remain healthy, driven by the resilience of the developed world consumer. 2024 has been another year of strong returns for investors, with the classic 60/40 portfolio 1 returning 18.2% this year after delivering 13.3% in 2023. 2 Key to this better return environment has been inflation developments, with headline inflation rates across the developed world nearing 2%, allowing central banks to normalise monetary policies. While conditions are constructive, we maintain our longer-term view that we have transitioned to a ‘new normal’ where neutral rates are likely to remain elevated relative to the past decade. At the same time, GDP growth has remained robust, with the US economy continuing its above-trend growth and the Euro area and UK economies seeing solid domestic demand and GDP growth after a challenging 2023. Understanding the likelihood of structural changes in the global economy, driven by the trend towards de-globalization and geopolitical developments remains crucial, in our view, to successful investing over the next decade or more. Many of these factors will be in play next year, but short-term ‘return to normal’ dynamics are also likely to play an important role and will be crucial determinants of returns in 2025. Ben Way, Group Head of Macquarie Asset Management, said: “This year’s Outlook report reflects our view that financial conditions will continue to normalise in 2025. The past year demonstrated the skill of policy makers in navigating the post COVID inflationary surge as well as the resilience of financial markets, leading to strong returns for investors in listed markets. Political challenges to incumbency and subsequent changes in governments and policy, combined with elevated geopolitical tensions globally, contrast with a more constructive outlook for the global economy in 2025.” Real estate as an asset class has historically been highly sensitive to interest rates and is expected to be one of the sectors that benefits most from lower rates over the next 12-24 months. Furthermore, real estate returns generally correlate strongly with economic growth. Overall, the combination of lower interest rates and robust, possibly accelerating, global growth is likely to be particularly powerful for this asset class. Our data indicates that valuations may have stabilized, and we anticipate multiples to rise with declining interest rates. Strong GDP growth should boost earnings, leading to total returns of 11-12%, above the long-term average but consistent with past periods of falling interest rates and accelerating growth. It is worth noting that with particularly strong tailwinds behind data centres and financing conditions expected to improve in 2025, we believe the digital infrastructure sector is poised for an especially dynamic year ahead. Falling interest rates and robust GDP growth form a generally positive backdrop for global equity markets. However, we’ve seen equity market performance disconnect from macroeconomic fundamentals many times over the past few years, making it ever more important to assess markets granularly. While earnings multiples are elevated in certain pockets of the market, the equity risk premium currently sits comfortably at its long-term average, suggesting equity investors should still get rewarded for taking additional risk in this cycle. Despite higher interest rates making fixed income assets more attractive, global equities still offer many opportunities; and with policy expected to be volatile and geopolitical developments likely impacting returns, 2025 is a year where experienced and thoughtful active asset managers can add significant value for investors. In the second half of 2024, bond markets improved materially as inflation moderated and central banks began normalising monetary policies. Looking ahead, since a substantial degree of central bank easing has already been factored into most rates markets and credit spreads have tightened, the potential for aggressive price gains is more limited, although absolute returns should still be healthy by historical standards. To explore these insights and more in detail, please access the full report . Macquarie Asset Management is a global asset manager, integrated across public and private markets. Trusted by institutions, governments, foundations and individuals to manage approximately $US633.7 billion in assets, we provide a diverse range of investment solutions including real assets, real estate, credit and equities & multi-asset. Macquarie Asset Management is part of Macquarie Group, a diversified financial group providing clients with asset management, finance, banking, advisory, and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie Group employs over 20,600 people in 34 markets and is listed on the Australian Securities Exchange. All figures as at 30 September 2024. None of the entities noted in this media release is an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia) and the obligations of these entities do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (Macquarie Bank). Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these entities. In addition, if this media release relates to an investment (a) each investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group company guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment. 1 Portfolio consisting of 60% equities (represented by S&P 500 Index) and 40% bonds (represented by 10-year US Treasuries). 2 Based on Robert Shiller online data, through 1 November 2024. View source version on : CONTACT: Rachel Waxman +1-310-800-4512 KEYWORD: NEW YORK EUROPE UNITED STATES UNITED KINGDOM NORTH AMERICA INDUSTRY KEYWORD: BANKING ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: Macquarie Asset Management Copyright Business Wire 2024. PUB: 12/02/2024 04:58 PM/DISC: 12/02/2024 04:58 PMSAND SPRINGS, Okla. , Dec. 2, 2024 /PRNewswire/ -- Webco Industries, Inc. WEBC today reported results for our first quarter of fiscal year 2025, which ended October 31, 2024 . For our first quarter of fiscal year 2025, we had a net loss of $0.1 million , or a loss of $0.13 per diluted share, while in our first quarter of fiscal year 2024, we had net income of $5.1 million , or $6.25 per diluted share. Net sales for the first quarter of fiscal 2025 were $141.4 million , a 10.4 percent decrease from the $157.8 million of sales in the first quarter of fiscal year 2024. Dana S. Weber , Chief Executive Officer and Board Chair, stated, "The domestic manufacturing economy has been worsening over the past year. Further, we have certain markets that are being adversely impacted by foreign imports. We continue to focus on positioning Webco for various economic environments and opportunities by maintaining a strong balance sheet and good liquidity and making compelling investments in our business. Our total cash, short-term investments and available credit on our revolver were $89.0 million at October 31, 2024 , which we believe to be a competitive advantage." In the first quarter of fiscal year 2025, we had income from operations of $1.1 million after depreciation of $4.7 million . The first fiscal quarter of the prior year generated income from operations of $8.0 million after depreciation of $3.7 million . Gross profit for the first quarter of fiscal 2025 was $13.6 million , or 9.7 percent of net sales, compared to $21.6 million , or 13.7 percent of net sales, for the first quarter of fiscal year 2024. Selling, general and administrative expenses were $12.6 million in the first quarter of fiscal 2025 and $13.6 million in the first quarter of fiscal 2024. SG&A expenses in the first quarter of fiscal year 2025 reflect a decrease in costs related to lower profitability, such as company-wide incentive compensation and variable pay programs, offset by inflation we have experienced in wages and other expenses. Interest expense was $1.2 million in the first quarter of fiscal year 2025 and $1.3 million in the same quarter of fiscal year 2024. Average construction-based investments decreased in fiscal year 2025 and, as a result, capitalized interest decreased $0.2 million when compared to the first quarter of fiscal year 2024. Capitalized interest decreases net interest expense in the consolidated statement of operations. Notwithstanding capitalized interest, the impact of increased interest rates was more than offset by lower average debt balances. Capital expenditures incurred amounted to $5.1 million in the first quarter of fiscal year 2025, down from $10.1 in the first quarter of fiscal year 2024. Included in our capital spending for the first quarter of fiscal year 2024 was construction of our F. William Weber Leadership Campus, which houses our Tech Center and corporate headquarters. The Tech Center, which is the tip of the spear that leads Webco's trusted and technical brand throughout our industry, was completed in the fourth quarter of fiscal year 2024. As of October 31, 2024 , we had $18.6 million in cash and short-term investments, in addition to $70.4 million of available borrowing under our $220 million senior revolving credit facility. Availability on the revolver, which had $44.0 million drawn at October 31, 2024 , was subject to advance rates on eligible accounts receivable and inventories. Our term loan and revolver mature in September 2027. Accounting rules require asset-based debt agreements like our revolver to be classified as a current liability, despite its fiscal year 2028 maturity. Webco's stock repurchase program authorizes the purchase of our outstanding common stock in private or open market transactions. In September 2023 , the Company's Board of Directors refreshed the repurchase program with a new limit of up to $40 million and extended the program's expiration until July 31 , 2026. We purchased 2,850 shares of our stock during the first quarter of fiscal year 2025. Including the current fiscal year, Webco has purchased approximately 158,000 shares over the course of the last five fiscal years. The repurchase plan may be extended, suspended or discontinued at any time, without notice, at the Board's discretion. Webco's mission is to continuously build on our strengths as we create a vibrant company for the ages. We leverage our core values of trust and teamwork, continuously building strength, agility and innovation. We focus on practices that support our brand such that we are 100% engaged every day to build a forever kind of company for our Trusted Teammates, customers, business partners, investors and community. We provide high-quality carbon steel, stainless steel and other metal specialty tubing products designed to industry and customer specifications. We have five tube production facilities in Oklahoma and Pennsylvania and eight value-added facilities in Oklahoma , Illinois , Michigan , Pennsylvania and Texas , serving customers globally. Our F. William Weber Leadership Campus is in Sand Springs, Oklahoma and houses our corporate offices and our Webco TechCenterTM, providing a state-of-the-art laboratory and R & D facility to lead and develop technical solutions. Risk Factors and Forward-looking statements: Certain statements in this release, including, but not limited to, those preceded by or predicated upon the words "anticipates," "appears," "believes," "estimates," "expects," "forever," "hopes," "intends," "plans," "projects," "pursue," "should," "will," "wishes," or similar words may constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company, or industry results, to differ materially from any future results, performance or achievements expressed or implied herein. Such risks, uncertainties and factors include the factors discussed above and, among others: general economic and business conditions, including any global economic downturn; government policy or low hydrocarbon prices that stifle domestic investment in energy; competition from foreign imports, including any impacts associated with dumping or the strength of the U.S. dollar; political or social environments that are unfriendly to industrial or energy-related businesses; changes in manufacturing technology; the banking environment, including availability of adequate financing; worldwide and domestic monetary policy; changes in tax rates and regulation; regulatory and permitting requirements, including, but not limited to, environmental, workforce, healthcare, safety and national security; availability and cost of adequate qualified and competent personnel; changes in import / export tariff or restrictions; volatility in raw material cost and availability for the Company, its customers and vendors; the cost and availability, including time for delivery, of parts and services necessary to maintain equipment essential to the Company's manufacturing activities; the cost and availability of manufacturing supplies, including process gases; volatility in oil, natural gas and power cost and availability; world-wide or national transition from hydrocarbon sources of energy that adversely impact demand for our products; problems associated with product development efforts; significant shifts in product demand away from internal combustion engine automobiles; appraised values of inventories that can impact available borrowing under the Company's credit facility; declaration of material adverse change by a lender; industry capacity; domestic competition; loss of, or reductions in, purchases by significant customers and customer work stoppages; work stoppages by critical suppliers; labor unrest; conditions, including acts of God, that require more costly transportation of raw materials; accidents, equipment failures and insured or uninsured casualties; third-party product liability claims; flood, tornado, winter storms and other natural disasters; customer or supplier bankruptcy; customer or supplier declarations of force majeure; customer or supplier breach of contract; insurance cost and availability; lack of insurance coverage for floods; the cost associated with providing healthcare benefits to employees; customer claims; supplier quality or delivery problems; technical and data processing capabilities; cyberattack on our information technology infrastructure; world, domestic or regional health crises; vaccine mandates or related governmental policy that would cause significant portions of our workforce, or that of our customers or vendors, to leave their current employment; global or regional wars and conflicts; our inability or unwillingness to comply with rules required to maintain the quotation of our shares on any market place; and our inability to repurchase the Company's stock. The Company assumes no obligation to publicly update any such forward-looking statements. No assurance is provided that current results are indicative of those that will be realized in the future. - TABLES FOLLOW - WEBCO INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (Dollars in thousands, except per share data - Unaudited) Three Months Ended October 31, 2024 2023 Net sales $ 141,386 $ 157,837 Cost of sales 127,740 136,231 Gross profit 13,646 21,606 Selling, general & administrative expenses 12,564 13,629 Income (loss) from operations 1,082 7,977 Interest expense 1,151 1,293 Pretax income (loss) (69) 6,684 Provision for (benefit from) income taxes 37 1,600 Net income (loss) $ (106) $ 5,084 Net income (loss) per share: Basic $ (0.13) $ 6.43 Diluted $ (0.13) $ 6.25 Weighted average common shares outstanding: Basic 798,000 790,000 Diluted 798,000 814,000 CASH FLOW DATA (Dollars in thousands - Unaudited) Three Months Ended October 31, 2024 2023 Net cash provided by (used in) operating activities $ 13,851 $ 18,050 Depreciation and amortization $ 4,694 $ 3,696 Cash paid for capital expenditures $ 5,551 $ 12,588 Notes: Amounts may not sum due to rounding. WEBCO INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Dollars in thousands - Unaudited) October 31, July 31, 2024 2024 Current assets: Cash $ 2,485 $ 1,171 U.S. Treasury Bonds 16,103 15,903 Accounts receivable 58,668 70,249 Inventories, net 174,673 169,513 Prepaid expenses 9,303 9,530 Total current assets 261,233 266,366 Property, plant and equipment, net 168,748 168,186 Right of use, finance leases, net 954 1,043 Right of use, operating leases, net 21,891 21,879 Other long-term assets 15,696 15,611 Total assets $ 468,522 $ 473,085 Current liabilities: Accounts payable $ 30,230 $ 28,109 Accrued liabilities 32,706 33,066 Current portion of long-term debt, net 43,799 49,115 Current portion of finance lease liabilities 427 429 Current portion of operating lease liabilities 5,178 5,063 Total current liabilities 112,340 115,782 Long-term debt, net of current portion 20,000 20,000 Finance lease liabilities, net of current portion 574 657 Operating lease liabilities, net of current portion 16,577 16,653 Deferred tax liability 39 886 Stockholders' equity: Common stock 9 9 Additional paid-in capital 54,545 54,256 Retained earnings 264,437 264,842 Total stockholders' equity 318,991 319,107 Total liabilities and stockholders' equity $ 468,522 $ 473,085 Notes: Amounts may not sum due to rounding. CONTACT: Mike Howard Chief Financial Officer (918) 241-1094 mhoward@webcotube.com View original content: https://www.prnewswire.com/news-releases/webco-industries-inc-reports-fiscal-2025-first-quarter-results-302320142.html SOURCE Webco Industries, Inc. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.From dead galaxies to mysterious red dots, here’s what the James Webb telescope has found