When hunting for undervalued dividend stocks, I occasionally come across some unusual businesses with surprisingly high yields. Every so often, one jumps out as especially intriguing. This week that stock is Doric Nimrod Air 3 (LSE: DNA3).
The company’s business model seems relatively straightforward, although it’s not something I’ve encountered before. It buys aircraft, leases them to airlines (in this case Emirates), and eventually sells them on.
That structure was severely tested during the pandemic when all air traffic ground to a halt and the company fell into the red. But the turnaround since then has been impressive.
Return on equity‘s (ROE) surged from a painful -54.3% in March 2020 to 41.5% in March this year. Meanwhile, the share price has climbed 87.7% in the past five years.
The dividend story
For investors chasing income, the real attraction here is the dividend yield. Currently, the company offers a massive 13% yield — the kind of number that immediately sparks interest.
What’s more, it’s not a recent gimmick. The company’s paid dividends consistently for the last eight years. Coverage looks reassuring too, with a payout ratio of 38.4% and cash coverage of 3.9 times. That suggests payments aren’t being stretched to breaking point.
The next dividend’s expected to go ex in around a month and should be paid in two months’ time. For anyone looking for near-term income, that’s a tempting timeline.
Of course, investors should always remember that historic payouts don’t guarantee future ones, but Doric’s record is certainly stronger than many other small-caps promising high yields.
Valuation and financials
On the balance sheet front, things look surprisingly clean. There’s no debt weighing the company down and liabilities are minimal. At a market capitalisation of just £138m, this is firmly in small-cap territory. That size brings both opportunities and risks.
Valuation-wise, it has a price-to-earnings (P/E) ratio of 3, leaving plenty of scope for growth if the business expands. On the other, small-caps can be far more volatile, with liquidity issues making it harder to buy or sell shares in bulk.
The company’s business model’s also simple to the point of fragility. It depends heavily on the ongoing success of a single airline partner and a single type of aircraft. Any interruption to air travel — whether from economic downturns, geopolitical issues or health crises — could seriously impact lease payments. There’s also no guarantee that Emirates will renew its leases once they expire.
My verdict
So where does that leave Doric Nimrod Air 3? On the one hand, it’s not the most secure or diversified business out there. Reliance on a narrow revenue stream and limited liquidity make it a riskier prospect than most. On the other hand, the company’s delivered reliable dividends for nearly a decade and the current 13% yield is hard to ignore.
Overall, I think it’s an intriguing stock to consider for income investors, but only as a small position in a diversified portfolio. Picking up a few shares at low cost could deliver some decent passive income — provided investors are comfortable with the risks.
This spring, a second-generation strawberry farmer in California stood in his fields with two generations of farmers by his side. Rows of ripe, red berries glistened in the sun — perfectly edible, yet destined to go unharvested because they were too small to end up in grocery stores. The farmer had already paid for the land, plants, water, fertilizer, and labor, but without a buyer, it didn’t make economic sense to pay workers to harvest the fruit. Eventually, he had no choice but to till the fruit back into the soil. Multiply this decision across thousands of farms nationwide, and the scale of the problem becomes staggering: a system that forces growers to shoulder the cost while perfectly good, edible food goes to waste.
Every year in the U.S., 30% of fruit and vegetables grown by hard-working farmers never leave the field, primarily because it doesn’t meet appearance standards like size, shape, or color. More than 36 billion pounds of surplus produce went unharvested or unsold on U.S. farms in 2023, representing an estimated economic loss of $13 billion. Consider strawberries alone: 400 million pounds are plowed under or left behind annually. The cost is more than wasted fruit. Farmers lose revenue on produce they can’t sell, and communities miss out on nourishment that should have made it to their kitchen tables.
There’s a better way. It starts with rethinking the way Americans value the food that’s left in the field: produce that’s perfectly delicious and nutritious, even if it’s a millimeter too small.
That’s where secondary markets come in, turning waste into opportunity. Secondary markets buy what the primary market won’t take, then channel it into ingredients for buyers and processors where appearance doesn’t matter, without sacrificing taste or quality. According to NC Extension, widening the sellable range is a direct lever to increasing marketed yield by up to 20%. Crops are left unharvested in response to market conditions, but they could be marketed with connections to more flexible buyers.
Rethinking the end result
Not all produce needs to end up in the fresh aisle. Processing channels like frozen, dried, purees, sauces, and meal kits offer enormous potential to utilize every strawberry, apple, and tomato that comes out of the field. Partnering farms with manufacturers that can integrate excess produce into their product line presents a tremendous opportunity. In Tennessee field studies, researchers found that 76% of the produce left unharvested was still marketable or edible—the kind of “second-pass” fruit and vegetable that a secondary market can aggregate and sell into puree, frozen, or foodservice channels.
We first came together when we partnered to bring surplus food from farmers to hungry families in Twin Falls, Idaho, and upstate New York—an effort that inspired the idea for Planet Harvest. Planet Harvest was founded to create this secondary market and connect farmers directly with food companies and retailers to create sustainable, scalable solutions that reduce waste, expand access to nourishing food, and set the global standard in whole harvest sourcing. To scale this work, it partnered with Chobani, a company that is able to use the unused fruit and ensure it doesn’t go to waste. This year the company bought over 1.2 million pounds of Planet Harvest strawberries that would have been discarded from farms — enough fruit to produce over 55 million yogurt drinks – and is expanding these efforts with more fruit purchased from more farmers.
The result is increased revenue for farmers, water conservation, cutting greenhouse gas emissions by 20%, better-tasting food for the consumer, and diversification of the supply chain.
Chobani has been here before. Years ago, we made the decision to use rBST-free milk, without the synthetic growth hormone called recombinant bovine somatotropin, long before the industry thought it possible. That choice created a movement, and within years, rBST-free became the norm across dairy. We see the same opportunity today: to make “whole-harvest sourcing” not an exception, but the standard.
Farmers already report earning $0.27 per pound for fruit once considered worthless, generating hundreds of thousands of dollars across just a dozen farms. That is new income flowing into rural communities. Independent analysis by the World Wildlife Fund shows that saving one million pounds of fruit conserves 320 billion gallons of water and avoids 169,000 metric tons of carbon emissions. These are not marginal gains. They are system-changing dividends.
And consumers have a role to play. Just as we once embraced “organic” and “fair trade,” we can now demand “whole harvest.” Every time someone buys a product made from fruit that would otherwise have been wasted, they are voting for a smarter food system—one that feeds people, not landfills.
Better stewards of what we grow
We don’t need to grow more food to help solve hunger in this country. We need to be better stewards of what we already grow. The 400 million pounds of strawberries left in fields this year represent a failure, yes—but also an opportunity. If farmers, food companies, policymakers, and consumers act together, we can reimagine the journey from farm to table and build a system that rewards stewardship over waste.
This business model is good for farmers, good for the environment, and an even better experience for customers. With better marketplaces, flexible standards, and creative processing, we can ensure that fewer farmers watch their harvests go to waste and more families enjoy the fruits of their labor.
The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.
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Switzerland has long been one of the most museum-dense countries in the world, with more than 1,100 museums for a population of only eight million. Each year, Swiss museums welcome close to 15 million visitors, and the country stages well over 200 Art exhibitions. This remarkable concentration of institutions and collections makes Switzerland a natural destination for art lovers who want both variety and depth in a single journey.
Against this cultural backdrop, the autumn season promises to be particularly rich. From large-scale retrospectives to intimate photographic explorations, the coming months offer a spectrum of experiences that stretch from Basel to Geneva, from Zurich to Lausanne and Winterthur. These are not routine shows but moments that crystallise ideas, memories and visions at a time when audiences are seeking both reflection and wonder.
In this guide, I have selected eight standout Art exhibitions in Switzerland that no curious eye should miss. The list follows the calendar, from those already open to those soon to begin, giving a sense of rhythm to the season. Each section will explain what the exhibition is about, why it matters, and how to find it. Think of it as your map to the brightest cultural encounters of the Swiss autumn.
Soleil.s at Mudac Lausanne.
Some exhibitions feel timely, and then some seem inevitable. Soleil.s at Mudac belongs to the latter category. Extended until early October, this ambitious presentation explores our most ancient yet most urgent relationship: the bond between humankind and the Sun. The curatorial approach is not limited to art. It draws on design, science, film, and philosophy, transforming the museum into an interdisciplinary stage. Visitors move through installations, objects, videos and immersive spaces that examine the Sun’s cultural role and its new urgency in an age of climate anxiety.
What makes Soleil.s compelling is its ability to move between scales. On the one hand, it recalls millennia of mythology, ritual, and symbolism attached to the Sun. On the other hand, it confronts us with the material questions of energy, technology and ecology that define today’s planetary challenges. New commissions from contemporary artists stand alongside archival documents, design prototypes and experimental devices, creating a dialogue between memory and invention. The exhibition resonates with a world currently recalibrating its dependence on fossil fuels and rediscovering solar power as a promise of survival.
This is not an exhibition that preaches. It prompts us to look again, encouraging us to feel the Sun as both a source of inspiration and a practical force. It is rare to encounter a show where aesthetic experience and ecological relevance intertwine so seamlessly. Visitors leave not just informed but illuminated, in every sense of the word.
Museum: Mudac, musée cantonal de design et d’arts appliqués contemporains, Place de la Gare 17, 1003 Lausanne, Switzerland
Photography has always lived in a delicate balance between the fleeting and the permanent. The Lure of the Image captures this tension with elegance, showing how the medium continues to seduce both eye and mind. On view until mid-October, the exhibition traces the way images draw us in, not only through their aesthetic pull but also through their ability to shape memory, history and desire.
The curators approach the subject with breadth. The works come from different generations and geographies, from experimental analogue photography to digital manipulations that border on the cinematic. Rather than presenting a chronological history, the show unfolds as a constellation of encounters. Each image seems to whisper a story of its own, yet together they reveal how visual culture weaves itself into our lives. It is a study of attraction, of how we surrender to images and let them define the way we perceive the world.
What makes this exhibition stand out is its awareness of the present moment. We live in an era of relentless visual saturation, where pictures multiply by the millions every day. Against this backdrop, The Lure of the Image slows us down. It asks us to linger, to rediscover the power of looking. For anyone who has ever wondered why some images haunt us long after the encounter, this is an essential visit.
La Pologne rêvée at Fondation de l’Hermitage Lausanne
There is something profoundly moving about seeing a nation through the eyes of its most significant artists. La Pologne rêvée at Fondation de l’Hermitage offers exactly that experience, bringing one hundred masterpieces from the National Museum in Warsaw to the heart of Lausanne. The exhibition, open until early November, is a rare chance to explore Polish art across centuries and to discover how cultural identity is formed in dialogue with history.
The journey begins with dramatic historical paintings that recall battles, revolutions and the long struggle for independence. These are followed by intimate portraits, landscapes and still lifes that show a quieter, more personal side of Polish creativity. Symbolism and modernism appear too, with striking works that remind us of Poland’s place within the European avant-garde. This is not just an exhibition of artworks but a portrait of a people, their resilience, their melancholy and their poetry.
Why is it important to see this show in Switzerland? Because it reveals connections often overlooked. Polish artists have been in dialogue with Western Europe for centuries, yet their voices are still less familiar to many audiences. Lausanne provides the perfect stage for this dialogue, allowing visitors to engage with a cultural heritage that is both specific and universal.
For art lovers seeking depth and discovery, La Pologne rêvée is an unmissable opportunity. It reminds us that painting can hold entire nations within its frame, and that beauty often carries the weight of history.
Museum: Fondation de l’Hermitage, Route du Signal 2, 1018 Lausanne, Switzerland
Casanova à Genève at the Musée d’art et d’histoire Geneva
Few figures embody the spirit of the eighteenth century like Giacomo Casanova. Known across Europe as a seducer, traveller and storyteller, Casanova was also a keen observer of society and politics. The exhibition Casanova à Genève, running until early February, reveals an unexpected chapter of his life and places it within the broader context of Enlightenment Europe.
The curators invite us to step into a world of salons, libraries and encounters that shaped the intellectual climate of the time. Manuscripts, paintings, engravings and rare objects illustrate the breadth of Casanova’s connections and the vibrant cultural scene he inhabited. Visitors discover not only his adventures but also his role as a chronicler of his century, capturing with wit and detail the manners of a world in transformation.
What makes this exhibition particularly compelling is its local angle. Geneva was not simply a stopover for Casanova; it was a stage on which he interacted with thinkers, writers and politicians. By situating his story here, the museum highlights the city’s importance as a hub of ideas and as a witness to Europe’s changing tides.
For anyone interested in history, literature, or the art of self-invention, Casanova à Genève offers a fascinating immersion. It shows how personal myth can merge with collective memory, and how an individual life can mirror an age.
Museum: Musée d’art et d’histoire, Rue Charles Galland 2, 1206 Geneva, Switzerland
The painter Félix Vallotton is one of Switzerland’s most enigmatic artistic voices. Born in Lausanne in 1865, he went on to become a central figure of the Parisian avant-garde, part of the group known as the Nabis. His sharp lines, satirical eye and psychological depth made him both admired and feared in equal measure. The retrospective Vallotton Forever, opening in late October at MCBA, is the most comprehensive survey of his work in recent years and an event of genuine national significance.
The exhibition brings together paintings, drawings and woodcuts that span his entire career. Visitors encounter early portraits that already reveal his precise observation, landscapes that oscillate between serenity and unease, and later works where intimacy turns into theatrical drama. Vallotton’s celebrated woodcuts are also given pride of place, reminding us how he revolutionised printmaking with a graphic style that remains strikingly modern.
Why is Vallotton important today? His art speaks to the complexity of human relationships and the contradictions of modern life. He painted bourgeois interiors with an almost cinematic suspense, yet he also tackled political subjects with sharp irony. His work refuses to flatter, forcing us to see both beauty and discomfort in a single frame.
For Swiss audiences, this retrospective is more than an exhibition; it is a homecoming. For international visitors, it is a chance to rediscover an artist who deserves to stand alongside the great innovators of his time. Vallotton Forever promises to renew our understanding of a painter whose vision remains startlingly fresh.
Museum: Musée cantonal des Beaux Arts (MCBA), Place de la Gare 16, 1003 Lausanne, Switzerland
Gloria Oyarzabal × Lehnert and Landrock at Photo Elysée Lausanne
Photography has the power not only to document but also to question, to confront the hidden structures behind the images we consume. Gloria Oyarzabal × Lehnert and Landrock. Revisiting a Colonial Archive, opening at the end of October at Photo Elysée in Lausanne, is one of those exhibitions that reshape the way we think about visual history.
At its heart lies the archive of Lehnert and Landrock, two photographers who worked in North Africa during the early twentieth century. Their images are at once technically refined and ideologically charged, steeped in the colonial gaze of their time. By juxtaposing this archive with the work of contemporary Spanish artist Gloria Oyarzabal, the exhibition becomes a space of critical dialogue. Oyarzabal engages with the material not to dismiss it, but to reveal its power, its seductions, and its lingering impact on how cultures are represented.
The result is a show that is both unsettling and illuminating. It invites us to reflect on how images can become instruments of power, shaping our perceptions of the Other. At the same time, it demonstrates how artists today can use appropriation and re-interpretation as tools for resistance and re-imagination.
What makes this exhibition vital is its timeliness. As debates on colonial legacies intensify across Europe, Photo Elysée offers a platform where art, history and politics converge. It is not only for specialists but for anyone willing to question the images that have long been taken for granted.
Museum: Photo Elysée, Place de la Gare 17, 1003 Lausanne, Switzerland
Few artists capture the imagination of global audiences quite like Yayoi Kusama. Her polka dots, pumpkins and mirrored rooms have become icons of contemporary art, symbols of both playfulness and deep psychological resonance. This autumn, the Fondation Beyeler in Basel dedicates a major retrospective to Kusama, opening in mid-October and running into the new year. It is one of the most anticipated Art exhibitions in Switzerland this season.
The exhibition traces Kusama’s journey from her early works on paper in post-war Japan to the immersive installations that made her an international star. Visitors will encounter paintings pulsating with colour, sculptures that merge organic and surreal forms, and the Infinity Mirror Rooms that invite viewers into endless reflections. It is a celebration of an artist who has spent her life transforming personal obsession into universal imagery.
What makes this retrospective essential is not just Kusama’s fame but her relevance. She speaks to themes of repetition, accumulation and self-obliteration that resonate in an age of both anxiety and wonder. Her art oscillates between joy and vertigo, reminding us that beauty often arises from fragility.
For Swiss audiences, this is a rare chance to see Kusama’s work in such depth. For international visitors, it reinforces Basel’s role as one of Europe’s great cultural capitals. The Fondation Beyeler, with its luminous architecture and surrounding park, provides the perfect setting for Kusama’s dreamlike world.
Some exhibitions feel like revelations, others like long-overdue recognitions. The retrospective devoted to Lygia Clark at Kunsthaus Zürich, opening in mid-November, belongs to both categories. Clark, one of the most influential Brazilian artists of the twentieth century, was a pioneer of abstraction, participation and sensorial exploration. Her work expanded the very definition of art, shifting it from object to experience.
The exhibition follows her trajectory from the geometric paintings of the 1950s to the radical participatory works of the 1960s and 1970s. Visitors will encounter her famous Bichos sculptures, hinged metal constructions designed to be manipulated by the audience, and her later therapeutic experiments that blurred the line between art and healing. In each phase, Clark challenged the distance between artwork and viewer, insisting that art must be lived rather than observed.
Why is this important in Switzerland today? Because Clark’s vision resonates strongly with contemporary questions of community, embodiment and interaction. In an era when digital screens mediate much of our experience, her insistence on touch, play and collective participation feels newly urgent.
For audiences unfamiliar with her, this retrospective offers a powerful introduction. For those who already know her legacy, it is an opportunity to see her work anew, framed within the architectural clarity of Zurich’s Kunsthaus. It promises not just an encounter with an artist, but with an idea of art as transformation.
Autumn in Switzerland is never just a season of falling leaves and crisp air. It is a season of encounters, of rooms filled with light and questions, of journeys through time and across cultures. The eight Art exhibitions highlighted here capture that sense of abundance. From the cosmic reach of Soleil.s in Lausanne to the intimate pull of photography in Winterthur, from the rediscovery of Vallotton at MCBA to the poetic dialogues at Photo Elysée, each show opens a door to a different world.
The variety is striking. In Basel, Kusama offers infinite reflections, while in Zurich, Lygia Clark asks us to touch and to participate. Geneva reveals the intellectual wit of Casanova, while Lausanne’s Hermitage reminds us of the beauty and struggle contained in Polish art. These are not isolated events but part of a cultural fabric that makes Switzerland unique. Few countries of its size can claim such density of museums, such range of voices, or such ambition in curatorial vision.
For art lovers and curious travellers alike, this autumn is a chance to walk through Switzerland with eyes wide open. Follow the trail of these exhibitions, let them surprise and provoke you, and you may discover that the journey between them becomes its own work of art. In a season of light and shadow, Switzerland proves once again that culture is its brightest sun.
José Amorim This article was created exclusively for LuxuryActivist.com. All content is protected by copyright. Images are used for illustrative purposes under fair use. If you own the rights to any image and wish it to be removed, please don’t hesitate to contact us, and we will act promptly.
Gordon Ramsay joined hands with Home Chef to sell his signature recipes to home cooks. Limited offerings put in the calendar alone include pre-prepared portions and recipe cards for those wishing to reproduce Ramsay’s stress-free five-star fare in their own kitchens.
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Ramsay is bringing culinary knowledge from the kitchen of the hotel restaurant all the way to your dining table. What could be better? A world-renowned chef declared that he was teaming up with Home Chef, a meal delivery kit service, to allow his fans to create his well-known cuisine in their own kitchen. In the promotional video for this collaboration, Ramsay showed viewers the ease of the service by displaying fresh ingredients alongside simple recipe cards promising restaurant-quality creations.
“Wow, this looks delicious,” Ramsay said, admiring one of the dishes. “Beautiful. You get my top quality meals made right at home.” He continued by asserting that these kits actually put “five star meals without stress” in front of the people, with pre-portioned ingredients dropped right to their doors.
The immediate reaction immediately greeted the announcement, with Ramsay followers having a blast expressing excitement while putting forth some hilarious demands. “But I want you to cook for my family and me,” epitomized one user in the interest of the majority of the populace who would rather have Ramsay personally instructing in their kitchens.
Another sarcastic follower commented humorously, “How much extra to have you come over and yell at me while I microwave it?” The comment alludes to Ramsay’s infamous temper and impossible standards, which anyone who has ever watched Hell’s Kitchen would be all too familiar with: an episode in which he repeatedly screamed at contestants.
Practical questions regarding the meal kits popped up. One inquiring user asked, “Is this just for the UK?” while another questioned, “Are they disability friendly? With nmosd?” These earnest questions indicate very tangible interest in accessing Ramsay’s culinary genius through the meal kit.
The announcement spawned calls from fans back for some of Ramsay’s shows: “Why you don’t bring back kitchen nightmare? 2026.” This indicates how popular his television career remains alongside his culinary career.
Some comments went to other topics. One commenter took the opportunity to raise quite a serious issue by questioning the safety of chicken from the grocery store Wegmans. The comment stated that green mold was spotted on the inside of chicken bought at the chain, showing how sometimes Ramsay’s platform gets hijacked as a forum for bigger food safety issues.
Most of the admirers appreciated Ramsay’s innovative streak: “Wow! Great idea, you don’t stop do you Chef Ramsey? 😂what will you think of next🤔😭” which shows that Ramsay is a culinary entrepreneur with an ever-evolving brand who has launched a series of ventures.
This is in fact one of the most up-to-date attempts by Ramsay in setting his cooking right there inside the kitchen of anyone who wants to cook for themselves. In a sense, for the average prospective cook, the meal kit allows recent or even faded memories of what could have been an intimidating kitchen experience to be something that is attempted while trying to keep up with the standard set by Ramsay. As succinctly summed up by another follower, “When Gordon Ramsey cooks, therapy begins❤️.”
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Another expansion of Ramsay’s quite culinary empire is in-home kitchens across the country through his collaboration with Home Chef. Since it is a limited-time offer, one can anticipate that this might be a test run or pilot program toward a more extensive release.
Hugh Jackman is reportedly interested in proposing to his girlfriend, Sutton Foster. However, the “Deadpool & Wolverine” actor had to reportedly put his proposal plans on hold as Foster has yet to settle her divorce with Ted Griffin. As per RadarOnline, a source revealed that the “lingering” matter of the “Bunheads” actor’s divorce has been affecting her time with Jackman.
Hugh Jackman is ‘dying to propose,’ but has to wait for Sutton Foster to settle divorce, source claims
Hugh Jackman reportedly cannot wait to propose to his girlfriend, Sutton Foster. However, he has to refrain from doing so right now, as the timing is seemingly not correct. Foster and Ted Griffin have yet to settle their divorce, which is the main reason why the “Logan” actor has to delay his proposal plans.
A source explained to RadarOnline that Jackman’s “divorce is finally all settled, but Sutton’s is still lingering.” The individual also believed that the divorce proceedings had been like “a dark cloud” looming large over her head, thus affecting her time with the Marvel star. The insider then discussed how Foster felt about this whole situation. “Sutton’s a sensitive person,” they shared, “Just because she’s fallen in love with Hugh and is excited about the life they’re building doesn’t mean there isn’t a lot of pain over her divorce.”
The source further explained that the 50-year-old singer “spent so many important years with Ted and the ending of that is not easy.” Moreover, there have been “a lot of complicated emotions” between the ex-couple. The insider said, “Sutton is a positive and upbeat person, so she does her best to put on a happy face for Hugh.”
The individual further claimed that Jackman “can see that she’s struggling, and he hates that he can’t just swoop in and fix this for her.” The source then told the news outlet that Jackman is “dying to propose, but he knows the timing would be terrible,” adding, “He’s got no choice but to wait – which is killing him.”
Record high stock prices among FTSE 100 stocks means that investors need to start looking further afield in order to construct a portfolio geared toward generating a healthy passive income.
However, picking stocks in the FTSE 250 does have its drawbacks, notably that the index tends to be more volatile than its larger cousin. That is why I have a bias toward looking at more established names, with proven business models.
Fund outflows
Aberdeen (LSE: ABDN) is a giant in the asset manager industry, with a total of £500bn of assets under management or administration. Like so many of its competitors, however, it has been beset with outflows from its funds, resulting in falling earnings.
The latest blow to the company came from Phoenix Group, which pulled £20bn of annuity-backing assets from Aberdeen, to manage in-house.
The loss will hit its Investments division the hardest. However, that said, the business has known for sometime that Phoenix was planning strategic changes. The partnership between the two companies remains, with Phoenix having no intention of becoming a fully-fledged asset manager.
Adviser business
Returning its Adviser business to net inflows remains the company’s top priority. This business builds relationships with independent financial advisers, who recommend funds to their own clients.
Net outflows here were £900m. Although disappointing, an improving trend is emerging, with four consecutive quarters of improving net flows. Net outflows are now 50% lower than they were in 2024.
Part of the success is undoubtedly down to its strategy of reducing fees across its various funds. Although this has led to a short-term hit to revenues, I believe it will likely prove to be the right strategy in the long term.
Dividend yield
The main attraction of the stock for me remains that juicy 7.9% dividend yield. Cover currently stands at 1.2 times adjusted capital generation. Although below my preferred number of two times, that figure is on an upward trajectory.
I do not expect a dividend cut, but I am not expecting a raise, either. The business has a stated policy of not increasing the dividend until covered at least 1.5 times by adjusted capital generation. This is unlikely before 2027.
However, as a long-term investor, I remain unconcerned. I am much more interested in locking in an attractive rate now, in the expectation of future increases as earnings improve.
Earnings
Despite its many documented problems, I still remain bullish in the long term. The asset management industry is in the midst of a significant transformation.
One of the prominent reasons behind the change has been the rise of passive investing strategies, which has put pressure on revenues and margins. This is forcing Aberdeen to come up with innovative new investment strategies.
One strategy that is showing early signs of promise is its Quants proposition. These are sophisticated trading strategies that use advanced mathematical tools. I continue to believe that heightened market volatility will help juice long-term returns here.
Yes, there are significant risks. But I view Aberdeen as one of the dark horses in asset management with the potential to even return to the FTSE 100 in the years ahead. For passive income-chasers, it is definitely a stock to consider.
A controversial housing bill that would override local zoning laws to expand high-density housing near public transit hubs was passed by the California Assembly on Thursday with a vote of 41 to 17.
Senate Bill 79, one of the more ambitious state-imposed housing density efforts in recent years, is now a final Senate concurrence vote and a Gov. Gavin Newsom signature away from taking effect.
The bill was introduced in March by Sen. Scott Wiener (D-San Francisco), who stresses that the state needs to take immediate action to address California’s housing shortage. It paves the way for taller, denser housing near transit corridors such as bus stops and train stations: up to nine stories for buildings adjacent to certain transit stops, seven stories for buildings within a quarter-mile, and six stories for buildings within a half-mile.
Single-family neighborhoods within a half-mile of transit stops would be subject to the new zoning rules.
Lawmakers debated the bill for around 40 minutes on Thursday evening, and drew cheers after it was passed.
Supporters say drastic measures are necessary given the state’s affordability crisis. Critics claim the blanket mandate is an overreach, stripping local authorities of their ability to promote responsible growth.
Councilmember Traci Park, who co-authored the resolution with Councilmember John Lee, called SB 79 a “one-size-fits-all mandate from Sacramento.” Lee called it “chaos.”
The resolution called for L.A. to be exempt from the upzoning since it already has a state-approved housing plan.
The bill has spurred multiple protests in Southern California communities, including Pacific Palisades and San Diego. Residents fear the zoning changes would alter single-family communities and force residents into competition with developers, who would be incentivized under the new rules to purchase properties near transit corridors.
However, support for SB 79 surged in recent days after the State Building and Construction Trades Council, a powerful labor group that represents union construction workers, agreed to reverse their opposition in exchange for amendments that add union hiring to certain projects.
In a statement after the deal was struck, the trades council president Chris Hannan said the amendments would provide good jobs and training to California’s skilled construction workforce.
Wiener, who has unsuccessfully tried to pass similar legislation twice before, said the deal boosted the bill’s chances.
“The bill is not guaranteed to pass, but we have more momentum today than we did yesterday,” Wiener said.
The next stop is the state Senate, where the bill already squeaked through by a narrow margin earlier this year. If it survives a vote for final concurrence there, it would go to Gov. Newsom’s desk in October.
Victoria’s Secret is raising the bar in activewear with the new VSX Sports Bras lineup. The 2025 campaign is fronted by Abby Champion, Imaan Hammam, Jill Kortleve, Nneoma Anosike, and Paloma Elsesser. Shot by Amy Troost and styled by Jorden Bickham, the images deliver a mix of strength and style.
It’s set against both outdoor landscapes and sleek studio backdrops. The collection highlights a spectrum of support, from high-impact heroes like the Featherweight Max™, Knockout Front-Close, and Incredible Max™. They are built for running, cardio, and boxing.
Victoria’s Secret VSX 2025 Sports Bra Campaign
There is also the medium-support Featherweight™ V-Neck for cycling or hiking, and the light-support Elevate™ Strappy-Comfort designed for yoga or stretching. With sizes spanning 32B–44DDD and XS–XXL, the lineup is crafted to move with every body.
The VS designs are offering the kind of performance and fit that empowers women to train harder while feeling confident. Price points range from $39.95 to $119.95, making premium function accessible.
The visuals balance power and femininity, with each model embodying strength in motion. Whether styled with color pops or streamlined neutrals, the collection cements VSX as performance fashion designed to win.
An illegal alien who was released from ICE custody by the Biden Administration beheaded a motel manager in Old East Dallas, Texas, on Wednesday.
Yordanis Cobos-Martinez, an illegal alien from Cuba, was released into the interior of the US on January 13, 2025, just one week before Trump was sworn into office.
Cobos-Martinez used a machete to repeatedly hack the victim, Chandra Nagamallaiah, 50, and then beheaded him.
According to Fox News, Cobos-Martinez was caught on surveillance video kicking the victim’s severed head in the parking lot, then picking it up and tossing it into a dumpster.
Fox News reporter Bill Melugin said Cobos-Martinez has a prior criminal history of:
False imprisonment in CA (unknown disposition) Indecency with a child in Texas (dismissed) Grand theft of vehicle in Florida (dismissed) Carjacking & false imprisonment in CA (acquitted on carjacking, convicted of false imprisonment).
Cobos-Martinez was charged with capital murder, Fox 4 reported.
Dallas police are investigating a gruesome and highly visible beheading at a motel in Old East Dallas on Wednesday.
It happened around 9:30 a.m. at the Downtown Suites motel, which is located just off Interstate 30 near the Tenison Golf Course.
Police said the victim was stabbed multiple times with an edged object.
Images from SKY 4 showed crime scene tape and a partition set up around a body found on the sidewalk of the motel.
Dallas Fire-Rescue responded to the scene, where the victim was pronounced dead.
BREAKING: Per multiple federal sources to @FoxNews, the suspect arrested in the grisly machete beheading of a motel manager in Dallas, TX yesterday is a Cuban illegal alien who was released into the US by the Biden admin in January despite having an active deportation order.
A leukaemia diagnosis is life-changing, not only in the physical sense, but emotionally too. Yet for too many, the psychological impact is overlooked or under-supported. At Leukaemia Care, we know only too well that the emotional impact can linger long after treatment ends. In fact, in 2024 alone, we saw a 60% rise in demand for our counselling service, delivering more than 500 sessions to people struggling with anxiety, depression and isolation.
From patients on an ‘active monitoring’ pathway to carers and families, emotional wellbeing must be treated with the same urgency as physical recovery. Mental health matters, and for people living with leukaemia, it can be the difference between simply surviving and truly living. And here, we place great emphasis on enabling the latter.
We see the impact every day. People living in limbo, facing not just the uncertainty of leukaemia, but the emotional toll of feeling invisible. It’s why I believe we urgently need a radical shift in how we support cancer patients.
That starts with giving every patient a holistic needs assessment and personal care plan, ideally before or at the start of treatment. These are not tick-box exercises; they are the foundation of compassionate, joined-up care.
Our data supports this, in that over half of patients on an ‘active monitoring’ pathway have an increased feeling of anxiety or depression, yet we find from those we support that there is little emotional support available to them once diagnosed.
Patients with diagnoses like ALL and CML are among those reporting the highest levels of emotional distress, with 6% feeling constantly anxious or depressed.
But we know that the right support changes lives. In 2024, counselling uptake rose by 33%, and outcomes improved dramatically, with twice as many people reporting feeling less anxious and less isolated, and one person a week was able to complete their support sessions and move forward with renewed strength.
Let’s not forget the link between financial pressure and mental health either. A 20% increase in demand for our welfare service highlights just how interwoven money worries are with emotional wellbeing. One in three people diagnosed with leukaemia were no longer able to work or study – that’s a life changed in more ways than one.
We also saw the power of peer support in action, with more than 200 people helped by our buddy volunteer service, demand for which rose by nearly 50% year-on-year. Whether it’s counselling, clear information, or someone who simply understands, our message remains that emotional support is not a luxury, It’s a lifeline.
And it’s not just patients, Macmillan states that two-thirds of carers experience anxiety, and 42% face depression, yet more than 75% receive no psychological support. They are often the emotional anchor in a family, holding everything together while holding in their own fears.
For more than 50 years, Leukaemia Care has been dedicated to ensuring that everyone affected by a leukaemia diagnosis receives the best possible information, advice, treatment and support. We’ve stood alongside patients and their families through the most difficult of times and we’ve seen first-hand how holistic, person-centred care can change lives.
But we cannot do it alone. Charities like ours can fill gaps, raise awareness, and push for better but the responsibility for consistent, high-quality mental health support should not rest on fundraising alone.
It’s time for the health system to step up and ensure that emotional wellbeing is embedded into the cancer care pathway from day one. Every patient deserves support that reflects the full reality of their experience, not just the clinical side.
This is why we are supporting the Daily Express’s Cancer Care campaign to ensure all cancer patients have mental health support both during and after treatment.
Until that happens, we will keep campaigning, because living with cancer shouldn’t come at the cost of your mental health.
