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oxford circus Running into the Swiggy IPO, a key point of debate was the difference in growth rate with its close peer Zomato. For example, in Q1 FY25, Zomato’s year-on-year (y-o-y) revenue growth rate at 62 per cent was much stronger than Swiggy’s 34 per cent. The difference was even more stark when one considers the booming quick commerce segment, where Zomato’s 130 per cent growth was way above Swiggy’s 56 per cent. This and the fact that Zomato was running many quarters ahead of Swiggy when it comes to reaching adjusted EBITDA break-even were key factors resulting in Swiggy IPO being priced at a good 50 per cent discount to Zomato’s prevailing EV/Revenue valuation. Also, the somewhat sombre mood of the Street, as indicated by the lukewarm response to Hyundai Motor India’s IPO, was another factor as well. At bl.portfolio, we had recommended investors to subscribe to the IPO despite this differential growth rate as the discounted valuation more than adequately factored for the same. Further, the competition is still in early stages with outcomes wide open. Insights from Q2 results indicate the same as well. On the face of it, Swiggy’s Q2 y-o-y revenue growth at 30 per cent is still much lower than Zomato’s 58 per cent. But looking into the granular details on a quarter-on-quarter (q-o-q) basis (which was not available in the IPO filings), it is clear the growth rates differentials will narrow, going ahead. On a q-o-q basis, Swiggy’s Q2 consolidated revenue growth at 12 per cent is almost on par with Zomato’s 13 per cent. Swiggy’s quick commerce sequential revenue growth at 27 per cent was in fact better than Zomato’s 23 per cent. This implies that although Swiggy’s market share in quick commerce with Q2 gross order value at ₹3,382 crore is lower than Zomato’s ₹6,132 crore, with better sequential growth it has actually gained market share in Q2. If this trend sustains, the y-o-y differential in growth rates will narrow over the next few quarters. This makes it more likely that at some point in time over the next few quarters, markets will take a relook at the wide valuation differential that persists between the two companies. There are other factors too, like, for example, Zomato reached adjusted EBITDA break-even at consolidated level in Q1FY24. Swiggy has now guided to achieving adjusted EBITDA break-even by Q3FY26. This implies Swiggy is 9-10 quarters behind Zomato in profitability. Currently, Swiggy is valued at a trailing EV/Revenue of close to 8 times, while Zomato trades at 17 times. This over 100 per cent premium of Zomato is hard to justify in the current context even after factoring the difference in profitability timelines. Nevertheless, investors must be careful not to interpret this as Swiggy too can scale up to a similar high valuation as that of Zomato. It only indicates that on a relative basis, Swiggy appears a more attractive bet than Zomato. Overall at current levels, Swiggy’s risk-reward appears balanced. IPO investors with long-term perspective can continue to stay invested. New investors can look to accumulate on 10-15 per cent dips. Comments

The Northwest Youth Leader of the All Progressives Congress (APC), Abdulhamid Umar Muhd, has made a passionate appeal for African leaders to prioritise youth inclusion in policymaking and governance. Representing the Nigerian youth at the 29th United Nations Climate Change and Conference of Parties (COP29) in Baku, Azerbaijan, Muhd emphasised the need for deliberate efforts to engage young people in decision-making processes, particularly, in addressing critical issues like climate change. He noted that the African youth were brimming with innovative ideas that could drive the continent’s development but were often sidelined in governance. “Young people are not just beneficiaries of policies; they are critical stakeholders in shaping them. Their creativity and innovation are key to solving global challenges, including the climate crisis,” Muhd said during his presentation. He highlighted the contributions of Nigerian youths, particularly, in climate-related innovations such as renewable energy projects and eco-friendly technologies. He, however, lamented the lack of recognition and support for these initiatives, stressing that Africa’s progress hinges on unlocking the potential of its youth. “From recycling innovations to sustainable energy solutions, Nigerian youths have already shown their capacity to lead the fight against climate change. Yet, their voices remain underrepresented in governance and decision-making,” he added. Muhd also called on President Bola Ahmed Tinubu to expand youth inclusion in strategic decision-making within his administration. He urged the Nigerian government to create platforms for young people to contribute meaningfully to national development, especially in technology-driven sectors. Reflecting on the opportunity to address a global audience, Muhd described his participation at COP29 as a defining moment. “This is not just about advocating for youth inclusion; it is about securing the future of our continent by empowering those who will inherit it,” he said.Kam Jones scored 20 points and dished with 10 assists to lead the No. 10 Marquette Golden Eagles to a 94-62 victory over the visiting Western Carolina on Saturday afternoon in Milwaukee. Jones added six rebounds for Marquette (8-0), which is off to its best start since winning 10 straight to begin the 2011-12 campaign that ended with a Sweet 16 appearance. Ben Gold added 12 points, while Stevie Mitchell scored 10 and had three steals. David Joplin, Caedin Hamilton and Royce Parham each netted nine points for the Golden Eagles. The Catamounts (2-4) were led by Bernard Pelote's 13 points and eight boards. Jamar Livingston chipped in 10 points and CJ Hyland bundled five points with five rebounds and six assists. Marquette controlled most of the game, thanks largely to 51.4 percent shooting and 21 takeaways. The Golden Eagles built a 16-point lead in the first half before Western Carolina clawed within 37-28 with 3:55 left. Marquette responded with a 12-2 run to take a 49-30 advantage into the break, its largest lead of the game to that point. The game quickly got out of hand from there, with the Golden Eagles eventually scoring 11 straight points to push its lead to 81-45 with 7:15 remaining. Marquette finished with 26 points off of Catamount turnovers and hit 14 of 40 shots (35.0 percent) from 3-point range. The win wasn't all smooth sailing for the Golden Eagles, who lost backup guard Zaide Lowery to an apparent left knee injury. Lowery was helped off the court and into the locker room by his teammates with 1:36 left in the game. Saturday's game was a final tune-up for Marquette, which has three challenging games coming up against No. 5 Iowa State, No. 15 Wisconsin and Dayton before Big East conference play begins Dec. 18. --Field Level Media

Fidelity National Information Services Inc. stock underperforms Wednesday when compared to competitors despite daily gainsKam Jones scored 20 points and dished with 10 assists to lead the No. 10 Marquette Golden Eagles to a 94-62 victory over the visiting Western Carolina on Saturday afternoon in Milwaukee. Jones added six rebounds for Marquette (8-0), which is off to its best start since winning 10 straight to begin the 2011-12 campaign that ended with a Sweet 16 appearance. Ben Gold added 12 points, while Stevie Mitchell scored 10 and had three steals. David Joplin, Caedin Hamilton and Royce Parham each netted nine points for the Golden Eagles. The Catamounts (2-4) were led by Bernard Pelote's 13 points and eight boards. Jamar Livingston chipped in 10 points and CJ Hyland bundled five points with five rebounds and six assists. Marquette controlled most of the game, thanks largely to 51.4 percent shooting and 21 takeaways. The Golden Eagles built a 16-point lead in the first half before Western Carolina clawed within 37-28 with 3:55 left. Marquette responded with a 12-2 run to take a 49-30 advantage into the break, its largest lead of the game to that point. The game quickly got out of hand from there, with the Golden Eagles eventually scoring 11 straight points to push its lead to 81-45 with 7:15 remaining. Marquette finished with 26 points off of Catamount turnovers and hit 14 of 40 shots (35.0 percent) from 3-point range. The win wasn't all smooth sailing for the Golden Eagles, who lost backup guard Zaide Lowery to an apparent left knee injury. Lowery was helped off the court and into the locker room by his teammates with 1:36 left in the game. Saturday's game was a final tune-up for Marquette, which has three challenging games coming up against No. 5 Iowa State, No. 15 Wisconsin and Dayton before Big East conference play begins Dec. 18. --Field Level Media

Alphabet (NASDAQ:GOOGL) Trading 0.1% Higher – What’s Next?MONROE CITY, Mo. -- The calling card for Monroe City girls basketball in recent seasons has been its ferocious defense. That will not change this year as the Lady Panthers gear up for the 2024-25 season. "That's a staple of what we want to be," said Monroe City head coach Adam Rung. "We want to be good defensively. I think we have a good chance of being pretty good defensively, but we're still a long ways off to where we need to be." Monroe City brings back most of its roster after graduating Taylor Pfaff and Mari Gares. "We got eight girls that return this year that will be on their third or fourth year of varsity," said Rung. "So you know that experience of knowing what varsity basketball is all about is something we're going to really lean on this year." The Lady Panthers held their jamboree on Monday with Bowling Green and Highland as it prepares for the season opener. "We're getting up and down the court a lot," said Monroe City senior Meghan Hays. "Practice is also competitive. We're trying to play how we would in games." Monroe City is coming off a 13-14 record last season and fell to Macon in the opening round of the Class 3 District 6 tournament. It wasn't a season without highlights, with Monroe City winning both the Clopton and Tony Lenzini Tournaments last January. "I think we're going to keep our peak," said Meghan Hays. "We're going to get out strong and we're going to keep it going. We're not going to fall off this year." Monroe City is going to focus on getting better each and every day this season. "We want to compete for championships," said Rung. "We were able to win a couple of tournament championships last year, but now we would like to go a little bit further in the postseason and get over that hump and maybe compete for a district championship." While Monroe City has a reputation as a defensive-first team, it is not without offensive threats as it returns scorers such as junior Naaron Hays and senior Audri Youngblood. Naaron Hays led Monroe City in scoring with 11.2 points per game and drained 44 3-pointers last year. She also averaged 2.8 rebounds, 2.5 assists, 2.0 steals and 1.1 blocks per game. "I'm feeling better about our offense," said Meghan Hays. "We're working on plays and just trying to grow stronger." Last year's experience helped the offense grow. "We're another year into our offense and I think the kids are a little more comfortable," said Rung. "We're finally an experienced team. It seems like we've always been underclassmen heavy, but now we've got a good mix of juniors and seniors. I think that will benefit us." Meghan Hays and Youngblood join a group of five seniors that also includes Cahlin Chapman, Avery Johnson and Samantha Hathaway. The junior class is also very experienced with Naaron Hays, Ava Potterfield, Myra Jones, Maddix Dowell, Timia Reinberg, Kyndal Benson and Emma Schwada. A big highlight of the season will be early on from Dec. 9-14, when the Lady Panthers will host the 100th Annual Monroe City Tournament. "I'm so excited for it," said Meghan Hays. "We got a bunch of plans for that and we're going to try to make it memorable." The Lady Panthers play in a stacked Clarence Cannon Conference that includes two teams that made state runs last year in Centralia and South Shelby, as well as strong teams like Highland and Palmyra. "Our conference on the girls side is loaded," said Rung. "You know, Centralia was a Final Four team and South Shelby made the quarterfinals. Highland and Palmyra won a bunch of games last year. Macon was much improved. Every night we'll have to grind. We're going to have to be ready to compete each and every night." Monroe City is very excited to get the season started, with the players setting goals of having a winning record, making a good postseason run and working together as a team. "I think this is our year," said Meghan Hays. "We're going to go far this year, I can feel it."

Starmer’s obsession with the EU alongside his incompetence will send Britain backwards and betray BrexitQatar's Foreign Ministry issues joint statement on Syrian crisis (PHOTO)

Leo Wealth LLC cut its stake in NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 6.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 78,782 shares of the computer hardware maker’s stock after selling 5,427 shares during the period. NVIDIA makes up 0.9% of Leo Wealth LLC’s holdings, making the stock its 23rd largest position. Leo Wealth LLC’s holdings in NVIDIA were worth $9,567,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. Hamilton Wealth LLC grew its stake in NVIDIA by 0.3% in the 1st quarter. Hamilton Wealth LLC now owns 3,142 shares of the computer hardware maker’s stock valued at $2,839,000 after buying an additional 9 shares during the last quarter. FSA Wealth Management LLC grew its position in shares of NVIDIA by 3.0% during the 1st quarter. FSA Wealth Management LLC now owns 486 shares of the computer hardware maker’s stock worth $439,000 after purchasing an additional 14 shares in the last quarter. Clean Yield Group grew its position in shares of NVIDIA by 0.8% during the 1st quarter. Clean Yield Group now owns 1,795 shares of the computer hardware maker’s stock worth $1,622,000 after purchasing an additional 15 shares in the last quarter. Earnest Partners LLC grew its position in shares of NVIDIA by 1.5% during the 1st quarter. Earnest Partners LLC now owns 1,133 shares of the computer hardware maker’s stock worth $1,024,000 after purchasing an additional 17 shares in the last quarter. Finally, Aspect Partners LLC grew its position in shares of NVIDIA by 5.6% during the 1st quarter. Aspect Partners LLC now owns 320 shares of the computer hardware maker’s stock worth $289,000 after purchasing an additional 17 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds. NVIDIA Price Performance NVDA stock opened at $138.25 on Friday. The company has a fifty day moving average price of $136.05 and a 200-day moving average price of $123.67. The company has a market capitalization of $3.39 trillion, a P/E ratio of 54.41, a PEG ratio of 2.45 and a beta of 1.66. NVIDIA Co. has a 52-week low of $45.01 and a 52-week high of $152.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date is Thursday, December 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%. NVIDIA announced that its board has approved a share repurchase program on Wednesday, August 28th that authorizes the company to repurchase $50.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to purchase up to 1.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued. Wall Street Analyst Weigh In NVDA has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their target price on shares of NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Mizuho increased their target price on shares of NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Truist Financial increased their target price on shares of NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. William Blair started coverage on shares of NVIDIA in a research report on Wednesday, September 18th. They set an “outperform” rating on the stock. Finally, Evercore ISI increased their price target on shares of NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $164.15. Check Out Our Latest Analysis on NVDA Insider Transactions at NVIDIA In other NVIDIA news, Director John Dabiri sold 716 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the sale, the director now directly owns 19,942 shares in the company, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Also, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $119.27, for a total transaction of $119,270,000.00. Following the completion of the sale, the director now owns 5,852,480 shares of the company’s stock, valued at $698,025,289.60. The trade was a 14.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold a total of 2,036,986 shares of company stock worth $240,602,399 over the last three months. 4.23% of the stock is owned by company insiders. NVIDIA Company Profile ( Free Report ) NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications. Featured Articles Five stocks we like better than NVIDIA Consumer Staples Stocks, Explained The Latest 13F Filings Are In: See Where Big Money Is Flowing What is a buyback in stocks? A comprehensive guide for investors 3 Penny Stocks Ready to Break Out in 2025 Compound Interest and Why It Matters When Investing FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter .Sports on TV for Sunday, Dec. 8

The Met Office has issued a new yellow weather warning for Surrey as Storm Darragh continues to batter the nation. Surrey has endured gusts of more than 50mph since the storm touched down in the UK on Friday afternoon (December 6). Events have been cancelled, roads closed and buildings damaged as a result. Now it seems the adverse weather will be here to stay a little longer, with more strong winds expected throughout Sunday (December 8). A yellow weather warning for wind is already in place over all of Surrey, which is due to be lifted at 6am tomorrow. At this time, another yellow weather warning will come into effect, again for wind and blanketing the entire county, alongside much of the UK. The new warning will last 12 hours, ending at 6pm on Sunday evening. Forecasters have said that Storm Darragh’s strong winds will gradually ease throughout the day, but could still result in further disruption. Weather maps show maximum wind gusts of around 51mph in areas such as Guildford and Epsom on Sunday morning. By the afternoon, these will have dropped to below 45mph for the majority of the county and will continue to wind down for the remainder of the day. Met Office chief meteorologist Steve Willington said: “Storm Darragh will gradually ease from late morning as it crosses the UK, so the strongest winds in the west will start to reduce through Saturday. As the low pressure moves away to the east, colder northerly winds will move across the UK bringing the risk of overnight frosts and some wintry showers over high ground in the north on Sunday. “By Monday high pressure becomes centred over the north of the UK and conditions will become much more settled.” While the warning on Sunday is in place, the public is urged to prepare for further travel disruption, including to rail, bus, ferry and air journeys. Roads may once again see closures, high-sided vehicles on exposed routes could be subject to delays and fallen trees could block busy carriageways. Forecasters have also warned of some short-term losses of power or other services, such as phone signal. To best prepare for the expected disruption, those needing to travel are urged to check their full routes before departing and keeping an eye on bus and train timetables, amending travel plans if required. To reduce the impact of power cuts, pre-emptively gather torches and batteries, charge phones as well as power packs and stock up on other essentials, forecasters say. Surrey has already been hit hard by the storm, with the A320 Victoria Way in Woking closed after a hotel development was damaged by the winds , while the A224 in Leatherhead had been partially blocked by fallen trees. Get the latest Storm Darragh updates over the weekend with our ongoing live blog here .