Le Journal

Polestar is planning to conduct a 1:30 reverse stock split later this year. The move would help them meet the Nasdaq’s minimum of $1.00. The company’s stock plummeted 15.8% today to close at $0.53. Polestar investors got a nasty surprise on Halloween as the beleaguered automaker revealed their stock was in danger of getting delisted from the Nasdaq. At the time, the company’s stock closed at $0.84, which put them well below the $1.00 requirement. Fast forward to today and things are looking even worse as Polestar’s stock has plummeted to $0.53. That’s a decline of nearly 37% in just a matter of weeks. More: Polestar’s Stock Hangs By A Thread As Nasdaq Sounds The Alarm Today alone, there was a 15.8% drop and it can likely be chalked up to their plan to regain compliance. It calls for a 1:30 reverse stock split, which would boost the PSNY price to $15.90 per share at today’s levels. The move reeks of desperation and reverse stock splits have commonly been used by questionable EV startups. Among them are Mullen, Faraday Future, and Lordstown. Polestar / Refinitiv Those aren’t names you want to be associated with and it’s embarrassing given that Polestar is a major automaker. That being said, the company aims to move forward with the reverse stock split before the end of 2025. A Mixed Year And Third Quarter The move comes just two days after Polestar reported their third quarter results and tried to paint a rosy picture. Among the good news was a 36.5% increase in retail sales as the automaker moved 44,482 units in the first nine months of the year. Revenues also soared 48.8% to $2.17 billion, thanks to increased sales, carbon credits sales, and a growing share of higher priced vehicles. However, there was plenty of bad news including a $1.56 billion net loss, which compared to an $867 million loss in the first nine months of 2024. The company is also getting hammered by tariffs and noted there is pricing pressure on top of that. Thankfully, the future looks brighter as the company recently revealed an updated 3 and an all-new 5. The automaker also kicked off the teaser campaign for the 7, which will be launched in 2028 and likely be based on the new SPA3 platform. It will be a premium compact crossover that uses a “technology base from Volvo” and will be built at their new plant in Kosice, Slovakia.

It would be would the largest win so far this year for a UK player

Shabana Mahmood promises ‘the most significant changes to our asylum system in modern times’ in Monday speech

Eubank Jr and Benn collide in their rematch on Saturday night (Picture: Getty Images) Ringside judges for the Chris Eubank Jr vs Conor Benn rematch have been confirmed – with one of them involved in a major controversy just two weeks ago. The sons of British boxing royalty collide again on Saturday night six months on from Eubank Jr’s victory in April at the Tottenham Hotspur Stadium. That night, Eubank Jr secured a clean sweep of the scorecards to win the fight via unanimous decision with all three judges – Mark Bates, Lee Every and Kieran McCann – posting 116-112 scores. Howard Foster, John Latham, and Marcus McDonnell will be the judges in place at ringside on Saturday night to score the fight in north London. McDonnell was one of three judges in place for the all-British light-heavyweight clash between Joshua Buatsi and Zach Parker in Manchester on 1 November. Your ultimate guide to the football season Metro's football newsletter: In The Mixer. Exclusive analysis, FPL tips and transfer talk sent straight to your inbox every Friday – sign up, it's an open goal. In a scrappy contest, the general consensus was Parker had done more than enough to secure an upset victory over the Croydon fighter, only to be left stunned when Buatsi was declared the winner via majority decision after 10 rounds of action. McDonnell scored the fight 96-94 to Buatsi along with visiting judge Salvador Salva. Grzegorz Molenda scored it a 95-95 draw. Parker, and many others, were convinced he had beaten Buatsi (Picture: Getty) Among those perplexed by the decision was former world champion Carl Frampton on punditry duty, giving Buatsi just one round on his personal scorecard. ‘For someone like me, who has been around boxing all of my life, I cannot understand that decision,’ Frampton said during DAZN’s broadcast. ‘I gave Buatsi one round.’ An emotional Parker said after the fight: ‘Everyone’s got eyes, so they can see the fight. He can’t even a land a clean shot on me. I should be champion. Eubank Jr got a unanimous decision win in the first fight (Picture: Getty Images). ‘I am only in boxing to better my family’s life, so you’ll take it away from me is a joke. ‘I should be going on for bigger titles and bigger money fights. I’m trying to change my daughter’s life, and I get decisions like that.’ One of the other judges for Eubank vs Benn II, Howard Foster, is regarded as one of the best referees in British boxing but was also recently involved in a high-profile decision that divided opinion. Foster was the referee for the heavyweight clash between Joseph Parker and Fabio Wardley in London on 25 October. The fight was halted in the 11th round with Wardley on the attack, landing at will on Parker who was on the ropes but still standing, handing the Briton a huge victory. Foster’s decision to step in and wave off the fight was widely condemned on social media but Robert Smith, general secretary of the British Boxing Board of Control believed the decision was ‘bang on’ with no further investigation taking place. Foster was also the referee who infamously stopped the first fight between Carl Froch and George Groves in 2013, handing victory to ‘The Cobra.’ Comment now Comments Add Metro as a Preferred Source on Google Add as preferred source

Younger people aged 16 to 24 year olds tend to eat a total of 135g of sugar on Christmas Day - a staggering 106g more than usual, which equates to devouring half a box of Celebrations chocolates