When scouting for high-quality smaller stocks across the AIM, the name of the game is growth. While these smaller companies come with lots of volatility and risk, the chance of them multiplying tenfold times or more is highly enticing. That’s why Filtronic (LSE: FTC), a high-tech British manufacturing firm serving the fast-growing defence and space industries, has caught the eye of many an investor lately. Up 10 times since 2023, the firm’s £296m market cap is only a stone’s throw from the FTSE 250 (smallest member ASOS has a £335m market cap).
With Filtronic fresh from signing an eye-catching contract with Elon Musk’s SpaceX, could the shares be a screaming buy for 2025 and beyond? Let’s find out.
What does it do?
To start with, why does Filtronic even do? The Durham-based firm designs and manufactures wireless communications components across the RF, microwave, and mmWave bands. To put its operations in more simple terms? Its products make it easier to send reliable communication signals between things that are sometimes travelling very, very fast.
Filtronic’s high-performance tech has military applications (deals already made with BAE Systems and Leonardo). Its state-of-the-art receivers and amplifiers are useful too in space tech (deals made with the European Space Agency and SpaceX). The eye-catching deal with Elon Musk’s company in August this year helped along a share price that is up 81% year to date.
SpaceX links
That £47m contract with the Starlink operator reveals even more to the company than perhaps first appears. Compare Filtronic’s price-to-earnings ratio of 23 with the forward price-to-earnings ratio of 50. The firm relies heavily on the orders coming in and with only a few massive clients, there is large customer concentration risk here.
The silver lining to this cloud is that a few big orders might propel the share price to new heights. Starlink has a total addressable market of, well, the entire world. What if economies of scale bring the Starlink service below the price of a regular wired broadband? Filtronic shares also serve as a proxy for anyone excited about the future of SpaceX or Starlink. Those shares aren’t available to buy on stock exchanges at present.
In case it isn’t obvious, this is a fairly speculative stock with a long time horizon. Those looking for reliable cash from sturdy dividend payers need not apply. But for those who like a growth aspect to their portfolio and are bullish on the nascent ‘space economy’ and its potential? Filtronic could be one to consider. I count myself in that camp and took the plunge on buying the shares recently. If we are truly headed for the stars, then I might one day be looking back on a very prescient decision.
An agent said a monthslong investigation into the Hyundai plant resulted in “the largest single site enforcement operation in the history of Homeland Security Investigations.”
Mike Stewart/AP
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Mike Stewart/AP
SAVANNAH, Ga. — Some 475 people were detained during an immigration raid at a sprawling Georgia site where South Korean auto company Hyundai manufactures electric vehicles, according to a Homeland Security official.
Steven Schrank, Special Agent in Charge, Homeland Security Investigations, said at a news briefing Friday that the majority of the people detained were from South Korea.
“This operation underscores our commitment to jobs for Georgians and Americans,” Schrank said. “This was in fact the largest single site enforcement operation in the history of Homeland Security Investigations.”
The investigation has been ongoing for several months, with authorities receiving leads from community members and former workers, he said.
South Korean Foreign Ministry spokesperson Lee Jaewoong described the number of detained South Koreans as “large” though he did not provide an exact figure.
He said the detained workers were part of a “network of subcontractors,” and that the employees worked for a variety of different companies on the site.
Thursday’s raid targeted one of Georgia’s largest and most high-profile manufacturing sites, touted by Gov. Brian Kemp and other officials as the largest economic development project in the state’s history. Hyundai Motor Group, South Korea’s biggest automaker, began manufacturing EVs a year ago at the $7.6 billion plant, which employs about 1,200 people, and has partnered with LG Energy Solution to build an adjacent battery plant, slated to open next year.
In a statement to The Associated Press, LG said it was “closely monitoring the situation and gathering all relevant details.” It said it couldn’t immediately confirm how many of its employees or Hyundai workers had been detained.
“Our top priority is always ensuring the safety and well-being of our employees and partners. We will fully cooperate with the relevant authorities,” the company said.
Hyundai’s South Korean office didn’t immediately respond to requests for comment.
ICE spokesman Lindsay Williams confirmed that federal authorities conducted an enforcement operation at the 3,000-acre (1,214-hectare) site west of Savannah, Georgia. He said agents were focused on the construction site for the battery plant.
In a televised statement, Lee said the ministry is taking active measures to address the case, dispatching diplomats from its embassy in Washington and consulate in Atlanta to the site, and planning to form an on-site response team centered on the local mission.
“The business activities of our investors and the rights of our nationals must not be unjustly infringed in the process of U.S. law enforcement,” Lee said.
The Department of Homeland Security said in a statement that agents executed a search warrant “as part of an ongoing criminal investigation into allegations of unlawful employment practices and other serious federal crimes.”
President Donald Trump’s administration has undertaken sweeping ICE operations as part of a mass deportation agenda. Immigration officers have raided farms, construction sites, restaurants and auto repair shops.
The Pew Research Center, citing preliminary Census Bureau data, says the U.S. labor force lost more than 1.2 million immigrants from January through July. That includes people who are in the country illegally as well as legal residents.
Hyundai and LG’s battery joint venture, HL-GA Battery Company, said in a statement that it’s “cooperating fully with the appropriate authorities” and paused construction of the battery site to assist their work.
Operations at Hyundai’s EV manufacturing plant weren’t interrupted, said plant spokesperson Bianca Johnson.
Last fall, the state sued the southeastern Los Angeles County community alleging that Norwalk’s policy violated anti-discrimination, fair housing and numerous other state laws. Norwalk leaders had argued its shelter ban, which also blocked homeless housing developments, laundromats, payday lenders and other businesses that predominantly served the poor, was a necessary response to broken promises from other agencies to assist with the city’s homeless population.
“The Norwalk City Council’s failure to reverse this ban without a lawsuit, despite knowing it is unlawful, is inexcusable,” Gov. Gavin Newsom said in a statement. “No community should turn its back on its residents in need — especially while there are people in your community sleeping on the streets.”
The settlement, which needs judicial approval before taking effect, calls for Norwalk to repeal its ban at an upcoming City Council meeting, Bonta said in a release. In addition, the city will dedicate $250,000 toward the development of new affordable housing, formally acknowledge that the ban harmed fair housing efforts and accept increased state monitoring of its housing policies.
Bonta said that the legal action shows the state will not back down when local leaders attempt to block homeless housing.
“We are more than willing to work with any city or county that wants to do its part to solve our housing crisis,” Bonta said. “By that same token, if any city or county wants to test our resolve, today’s settlement is your answer.”
Norwalk officials could not immediately be reached for comment.
Norwalk stood out compared to other communities that have found themselves in the state’s crosshairs in recent years. Many cities that have fought state housing policies, such as Beverly Hills and Coronado, are predominantly wealthy and white. By contrast, Norwalk is a Latino-majority, working- and middle-class city. Elected leaders in the city of 100,000 have said they’ve borne a disproportionate burden of addressing homelessness in the region.
Though the ban led to the cancellation of a planned shelter in Norwalk, city leaders contended that the policy largely was a negotiating tactic to ensure that the state and other agencies heard their concerns. Last year, the city said that even though the shelter ban remained on its books, it would not be enforced.
“This is not an act of defiance but rather an effort to pause, listen, and find common ground with the state,” city spokesperson Levy Sun said in a statement following a February court ruling that allowed the lawsuit to proceed.
Jisoo stars in Tommy Hilfiger’s fall 2025 campaign. Photo: Yoon Ji Yong / Tommy Hilfiger
Jisoo just raced into fashion’s fast lane, and she did it in knee-high boots and a varsity coat. Starring in The Hilfiger Racing Club, Tommy Hilfiger’s fall 2025 campaign, the K-pop icon delivers a sleek collision of vintage motorsport and modern prep.
Photographed by Yoon Ji Yong, the visuals are stylized and quietly powerful. That is much like Jisoo herself. She moves through racetrack-inspired scenes in houndstooth jackets, pleated skirts, and crest sweaters. It flips traditional prep into something cooler, freer, and fully reimagined.
Tommy Hilfiger Fall 2025 Campaign
“Tommy reimagined this venue with his bold and vibrant style,” Jisoo shares. “I felt so confident and at ease in his latest collection, which plays with the classic codes of prep and feels so personal, playful and refined.”
This marks her fourth campaign with the brand, and she wears it like a second skin. The looks pair soft structure with sculptural lines, giving New York prep a global, feminine twist.
In another standout Tommy Hilfiger look, she lounges beside a cherry-red convertible in a woven jacket and dark denim, proving that chic and rebellion don’t cancel each other out. “I’ve always had a personal love for cars,” she says. “So I was excited to step into his world of luxury motorsport.”
As previously reported, a 21-year-old intern for Republican Representative Ron Estes of Kansas was killed on Monday night in Washington, D.C..
Eric Tarpinian-Jachym, 21, who was a student at the University of Massachusetts Amherst, was shot and killed in Northwest Washington, D.C. on Monday night.
Police reported that the shooting occurred around 10:28 pm when a group of unidentified suspects fired shots at Tarpinian-Jachym and two others, which included a 16-year-old male and an adult female.
ABC News reported that investigators have stated the shooting was targeted, but Tarpinian-Jachym was not the intended target.
Two 17-year-olds were arrested for the murder of Eric Tarpinian-Jachym.
Per US Attorney General Pam Bondi:
On June 30th, Congressional intern Eric Tarpinian-Jachym was senselessly murdered in Washington, D.C.
Thanks to outstanding investigative work from FBI, two of his suspected killers were just arrested. If convicted, they will face severe justice.
We hope that this provides some measure of solace to his family.
On June 30th, Congressional intern Eric Tarpinian-Jachym was senselessly murdered in Washington, D.C.
Thanks to outstanding investigative work from @FBI, two of his suspected killers were just arrested. If convicted, they will face severe justice.
The Normandy beach town of Deauville is welcoming Hollywood heavyweights Kristen Stewart, Pamela Anderson and Kim Novak alongside indie talents at this year’s American Film Festival. FRANCE 24’s Genie Godula brings us the highlights of the opening weekend, as Michael Angelo Covino’s “Splitsville” kicks off proceedings, starring Dakota Johnson and Kyle Marvin. We also hear more about Kristen Stewart’s and Scarlett Johansson’s directorial débuts and the retrospectives providing insight into American film icons. Plus tributes pour in from the world of music, fashion and movies following the death of designer Giorgio Armani.
This card has an annual fee of $599, and you’ll need to renew the card for a second year to unlock the full bonus.
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To qualify, you must meet a minimum income requirement of $150,000 in personal annual income or $200,000 in household income.
TD® Aeroplan® Visa Infinite Privilege* Card
Earn 20,000 Aeroplan points† upon first purchase
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Earn 2x Aeroplan points† on eligible Air Canada® purchases, including Air Canada Vacations®†
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The TD® Aeroplan® Visa Infinite Privilege* Card carries a $599 annual fee, which is in line with other premium travel credit cards. However, if you also have a TD All-Inclusive Banking Plan, you can significantly reduce your out-of-pocket cost.
This account offers a $139 rebate for the primary cardholder and $75 for the first authorized user. That brings the effective cost down to just $584 for two cards — a compelling deal when you consider the benefits available to each cardholder.
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Mark Zuckerberg has a really hard time making dinner reservations. People hang up on him constantly. Trying to live a normal life for the last two decades has been tough. He can’t even keep a Facebook page.
That’s because Mark Zuckerberg is a bankruptcy lawyer from Indianapolis, Indiana, and not the cofounder of Facebook and CEO of Meta, Mark Zuckerberg.
“I can’t use my name when making reservations or conducting business as people assume I’m a prank caller and hang up,” he writes on his blog, iammarkzuckerberg.com. “My life sometimes feels like the Michael Jordan ESPN commercial, where a regular person’s name causes constant mixups.”
Now, Zuckerberg (the lawyer) is suing Zuckerberg (the CEO) after alleging that the Facebook page he uses (and pays $11,000 to advertise on) has been repeatedly taken down — five times in the last eight years, he says — but he is still forced to pay. He claims it has cost him potential clients.
In the complaint on Wednesday, communications in the form of email threads from Meta, seen by local outlet WTHR 13News, accuse Zuckerberg of impersonating the company’s CEO, saying the page goes against their “standards of impersonation.” The situation has been ongoing since 2017.
After the report, on Thursday, Zuckerberg confirmed to 13News that his account was working again. A Meta spokesperson told the outlet that the company has “reinstated Mark Zuckerberg’s account, after finding it had been disabled in error.”
“We know there’s more than one Mark Zuckerberg in the world, and we are getting to the bottom of this,” Meta told 13News. “We appreciate Mr. Zuckerberg’s continued patience on this issue and are working to try and prevent this from happening in the future.”
Meanwhile, on his blog, Zuckerberg says he still gets more than 100 messages a day from people confusing him with “the other Mark Zuckerberg.”
Mark Zuckerberg has a really hard time making dinner reservations. People hang up on him constantly. Trying to live a normal life for the last two decades has been tough. He can’t even keep a Facebook page.
That’s because Mark Zuckerberg is a bankruptcy lawyer from Indianapolis, Indiana, and not the cofounder of Facebook and CEO of Meta, Mark Zuckerberg.
“I can’t use my name when making reservations or conducting business as people assume I’m a prank caller and hang up,” he writes on his blog, iammarkzuckerberg.com. “My life sometimes feels like the Michael Jordan ESPN commercial, where a regular person’s name causes constant mixups.”
Sen. Dave McCormick (R-Pa.) blasted Norway’s sovereign wealth fund for dumping shares of Caterpillar over its ties to Israel, demanding the Trump administration hit back with tariffs, sanctions and other punishments.
In a fiery letter to Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer, the Pennsylvania Republican accused Oslo of waging “economic warfare directed by a foreign government against the US economy.”
Sen. Dave McCormick (R-Pa.) ripped Norway’s sovereign wealth fund for dumping Caterpillar over its ties to Israel. AP
The missive was sent after The Post’s Charles Gasparino reported on Friday that Norway’s sovereign wealth fund divested from Israel while maintaining business ties with serial violators of human rights such as China, Qatar and Turkey.
“As the Trump administration continues to take bold action to rebalance global trade, I urge you to also address the disturbing politicization of sovereign wealth fund investment decisions against American companies,” McCormick wrote Thursday.
The fund at the center of the fight, Norges Bank Investment Management, manages more than $1.6 trillion, including nearly $1 trillion in US assets.
Its ethics council voted this spring to dump Caterpillar stock, citing the Israeli military’s use of its bulldozers in Gaza and the West Bank.
“As he said in the letter, Senator McCormick feels strongly that the administration should take action when sovereign wealth funds engage in economic warfare that is driven by political pressure which is anti-American and anti-Israel,” a spokesperson for the senator told The Post.
“He had a constructive conversation with the Norwegian prime minister, but came away very concerned that this is a prime example of this type of troubling behavior.”
McCormick — a former Bridgewater Associates chief executive who has sparred with Norwegian leaders — warned the decision was part of a larger anti-Israel agenda.
“I respectfully disagree,” he wrote after Prime Minister Jonas Gahr Støre told him the move was not political.
An Israeli military bulldozer manufactured by Caterpillar is seen demolishing a home in the Palestinian town of Nablus in February 2023. SOPA Images/LightRocket via Getty Images
“While I recognize the value of Norges’ investments of nearly $1 trillion of US assets, I have significant concerns that these decisions are entirely political and are driven by an agenda that has consistently targeted American companies and is explicitly anti-Israel.”
He urged the Trump administration to “put all options on the table,” including tariffs on Norwegian goods, blocking Norges’ access to American financial markets and even visa sanctions on officials involved.
Sen. Lindsey Graham (R-SC) has already floated similar retaliation, blasting Norway’s decision last week as an attack on America’s closest Middle East ally.
McCormick also fired off a separate letter to Norway’s ambassador in Washington, warning that he “remain[s] extremely concerned” by what he called politically driven divestment.
“I brought this issue up directly with Prime Minister Støre and was unsatisfied with his response,” McCormick wrote.
The fund at the center of the fight, Norges Bank Investment Management, manages more than $1.6 trillion, including nearly $1 trillion in US assets. Bloomberg via Getty Images
The Illinois-based construction giant has long faced criticism for its bulldozers’ role in Israeli military operations, but American lawmakers see the latest divestment push as a dangerous escalation by a foreign government.
McCormick stressed that Caterpillar isn’t the first victim. Norges has also pulled out of American fossil fuel and defense firms, even ones whose weapons Norway itself purchases.
He warned the administration to “look more broadly at instances of sovereign wealth funds adopting restrictive, unfair trade policies against US companies as a result of political pressure.”
Bridgewater, the Connecticut-based hedge fund McCormick ran from 2020 to 2022, manages slices of Norges’ massive portfolio. Its chief investment officer Greg Jensen even addressed Norges’ 2024 investment conference.
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That tie hasn’t stopped McCormick from torching his onetime partner. He said he confronted Norwegian leaders directly last month in Oslo, pressing them to reverse the Caterpillar divestment.
Norges’ clout looms large across the world’s financial markets. Richard Goldberg, a senior advisor at the Foundation for Defense of Democracies and former White House official, told Jewish Insider the fund sets the tone for global capital flows.
“Norges is such a large player … It moves capital markets with its decisions,” Goldberg said.
“It causes other sovereign wealth funds, pension funds to follow. It causes institutional investors to follow. It really does set trends in investment and an inversion of capital can have impacts.”
Goldberg said Norway’s upcoming elections could turbocharge divestment pressure, with left-wing parties vowing to blacklist more American companies tied to Israel.
Sen. Lindsey Graham (R-SC) has already floated similar retaliation, blasting Norway’s decision last week as an attack on America’s closest Middle East ally. REUTERS
“The danger of weaponized sovereign wealth funds … is an ongoing and growing issue,” he warned.
“This is a long-standing attack on US interests, attack on American energy companies, an attack on American defense companies and now an attack on any company that does business with the State of Israel — all of this to the detriment of our national economic security, all of it politicized by the Norwegians by a state-run, state-controlled entity.”
If Washington shrugs off the issue, Goldberg added, “we’re literally allowing supposed democratic allies for whom we provide a blanket of freedom the ability to conduct economic warfare against America and American interests.”
The Commerce Department has not said whether it will respond to the Norwegian fund’s Caterpillar decision.
The Post has sought comment from McCormick, Graham, Greer, Lutnick and the Norwegian government.
Health Secretary Robert Kennedy’s Senate testimony Thursday made one thing crystal clear: He won’t be restoring sanity to our public-health bureaucracies, desperate as the need is.
In a Finance Committee grilling focused on his vaccine policy at the Department of Health and Human Services, Kennedy came off as a paranoid kook connecting red strings on a whiteboard.
When Sen. Bernie Sanders (no fan of the pharmaceutical industry himself) pressed him on his criticism of major medical organizations that disagree with him on vaccines, Kennedy raved that they were bought and paid for by Big Pharma.
The American Academy of Pediatrics? It’s “compromised” because its “biggest contributors are the four largest vaccine makers.”
Oh, and the American Heart Association, too, “has been corrupted by the pharma industry.”
Whatever either outfit’s failings (and each has some), this is pathetically simplistic one-villain-for-all-ills conspiracy-theorizing.
Get this: The Centers for Disease Control can’t be trusted either — because chronic illnesses are on the rise: “When my uncle was president, we spent zero on chronic disease. We [have now] spent $1.3 trillion.”
No: Chronic illness is on the rise because 1) fewer other things are killing us, and 2) Americans’ lifestyles keep getting more unhealthy, with less physical activity, far more overeating and (arguably) worsening diets — not because the CDC “didn’t do [its] job,” as RFK Jr. put it.
Look: The CDC and other agencies direly need to re-emphasize science-backed thinking, to rebuild their resistance to the scandalous politicization that marked their Biden-era work.
But Kennedy isn’t advocating sensible reform; he wants to burn down the public-health apparatus and rebuild it in his image to push his anti-science beliefs.
It’s not just his long record of anti-vax idiocy; Kennedy has proudly displayed his kook obsessions on a host of health-related topics, from cellphones cause cancer to processed foods cause mental-health problems.
Kennedy’s tinfoil hat is blocking out all sense, to the point where he can’t even acknowledge basic facts that don’t align with his priors.
Notably, he refused to give a straight answer when Sen. Mark Warner (D-Va.) asked if he believes the COVID “vaccine did anything to prevent additional deaths”: Kennedy dodged, “I would like to see the data and talk about the data.”
He obviously doubts the vaccines saved lives, but knows he daren’t say so.
That is, he won’t grant the indisputable truth that the jab did reduce the risk of serious cases among the most vulnerable, like the elderly and immunocompromised.
So he can’t make important points about how the feds under Biden went horribly overboard, pushing the vax (and endless boosters) on populations that didn’t need them.
We may never know whose side of the story is true, yet Kennedy clearly is on the warpath to purge the public-health apparatus of any person, policy or idea at odds with his warped worldview.
America needs agencies like HHS and CDC moving toward a sane center, where decisions are based on data-informed evidence.
The more Kennedy opens his mouth, the more obvious it becomes that letting him call the shots is just trading one extreme for another.
