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Prime Minister Anthony Albanese will unveil a refreshed frontbench line-up in late January, with Bill Shorten’s exit from parliament opening the door to a junior minister being promoted, months out from the next federal election. Senior government sources, who asked not to be named so they could speak freely, say Albanese is considering two options for his frontbench shake-up, with responsibility for Shorten’s former portfolios of Government Services and the NDIS to be handed on as the federal election is not due until May 2025. Anika Wells, Matt Keogh, Amanda Rishworth and Mark Butler are all being considered to assume outgoing Bill Shorten’s responsibilities. Credit: In the reshuffle, government sources said the first and more likely option was that Social Services Minister Amanda Rishworth and Health Minister Mark Butler would be handed responsibility for one of each of the portfolios, with NDIS a better fit for Rishworth as the disability agency is part of her department. This would mean the number of cabinet ministers would shrink from 23 to 22 people. The second option being considered is promoting a member of the outer ministry, with Queensland-based Aged Care and Sports Minister Anika Wells and WA-based Veterans and Defence Personnel Minister Matt Keogh considered the frontrunners. Both are in the Labor Right faction, like Shorten. Opposition Leader Peter Dutton must also replace a senior shadow minister on his frontbench after opposition Senate leader and foreign affairs spokesman Simon Birmingham announced on Thursday that he was quitting politics. The first details of how Albanese could recast his frontbench have emerged after a successful end to the parliamentary year for the government, which included the passing of 31 new laws on the final day , after months of delay and lengthy negotiations with the Coalition or the Greens and the crossbench. As parliament wound down for the year, Labor won Senate votes on housing, food prices and a ban on social media apps for under 16s, and other measures. Albanese and Treasurer Jim Chalmers have to release a mid-year budget update before Christmas that could foreshadow more cost-of-living relief, while Dutton has hinted at more detail on the opposition’s nuclear and housing policies before Christmas too. Either scenario would mean that Victoria’s influence around the cabinet table would be reduced with Shorten’s exit, but Labor hopes to gain seats in Queensland and hold on to the swag of seats it picked up in Western Australia in 2022. Promoting a talented new minister from Queensland or WA is seen, internally, as tactically astute and unlikely to cause a fuss, whereas promoting another NSW MP to cabinet at the expense of Victoria would likely put noses out of joint. Shorten’s combined portfolios of the NDIS and Government Services were given to him when Labor won government as he had been one of the disability insurance scheme’s earliest champions. He had also been a frontrunner in pursuing and supporting the robo-debt royal commission, which made Government Services a natural fit. The government sources said the prime minister would ponder the changes during a short Christmas break. Dutton, like Albanese, is expected to be back at work by early January as both men gear up for what is widely expected to be a close election in which a hung parliament is considered a distinct possibility given the size of the crossbench. Both leaders are also planning, at this stage, to make major policy announcements in the second half of January, with a prime ministerial appearance at the National Press Club around Australia Day pencilled in and some members of both main parties anticipating an election to be called days later, though Albanese has indicated he is leaning towards May. The most recent Resolve Political Monitor conducted for this masthead in early November showed the opposition’s primary vote had risen by one percentage point to 39 per cent, while Labor’s held steady at 30 per cent. These primary votes would deliver either major party, at best, a razor-thin majority in the next parliament. While Dutton will feel the loss of Birmingham, a former finance, education, trade and tourism minister at various times under Scott Morrison and Malcolm Turnbull, the need to replace a foreign affairs spokesperson heading into a domestic political campaign is less urgent. While Liberal deputy leader Sussan Ley and shadow cabinet ministers Jane Hume, James Paterson and Dan Tehan have all been put forward as possible replacements for Birmingham , moving shadow ministers from domestic portfolios months out from an election could disrupt the shadow expenditure review committee process that is now working on election policies. Another option would be for Dutton to take the portfolio in a caretaker capacity, or for former shadow cabinet minister Julian Leeser to be returned to the frontbench while former ambassador and foreign policy wonk Dave Sharma would be handed an assistant role. Cut through the noise of federal politics with news, views and expert analysis. Subscribers can sign up to our weekly Inside Politics newsletter .
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Avior Wealth Management LLC Has $401,000 Stock Holdings in The Cigna Group (NYSE:CI)Ellie Leach, former Coronation Street actress and winner of Strictly Come Dancing, will be joining guests on The Wheel to help them win big. The game show, presented by comedian Michael McIntyre, features celebrities aiding contestants to accumulate cash prizes. Following her triumph with the Glitterball trophy in the 2023 run of Strictly Come Dancing, Ellie's career has seen considerable growth. Born in Manchester on March 15, 2001, she started small with TV adverts and minor parts before securing her significant role as Faye Windass in the beloved soap Corrie. As Faye Windass, Ellie portrayed a character grappling with challenging issues like bullying, teenage pregnancy, discovering her birth father, and confronting an early menopause diagnosis. Beyond the screen, Ellie leads an eventful life, yet there's much more to discover about her. One interesting fact is that Ellie Leach is related to Brooke Vincent, best known for her portrayal of Sophie Webster on Coronation Street from 2004 to 2019. At the time Ellie joined the cast, her cousin Brooke expressed great joy, saying "I am chuffed to bits for her", reports . "She has made me so happy. We are all thrilled about it and I can't wait to be with her on set to show her around." Their relationship doesn't just stop at being relatives; they share a special comradeship. Referring to herself as Brooke's mini me, Ellie once shared on Instagram: "All I've wanted to do since I was younger is be like you." "To dress like you, to have my hair the way you have yours, to wear them 7inch platform heels you wore which I still have no idea how, but most of all to be the kind of person you are." "You can tell what type of person someone is by how highly people speak of them, and I've never heard a bad word said about you." She continued: "I think I'll forever be known as Ellie, Brooke's cousin but I will always be so proud to be that and to have you by my side through life." The Coronation Street actress participated in the series shortly after leaving the soap. Paired with Vito Coppola, they were hailed as the best duo in the 2023 competition and ultimately won the series. Ellie and Vito triumphed in the dance contest, outperforming competitors such as EastEnders' Bobby Brazier and Bad Education's Layton Williams. Their flawless American Smooth earned them their first perfect score of 40 in the series. Their palpable chemistry sparked speculation of a love affair among fans and on social media, but both categorically denied any romantic ties. Reflecting on their journey, Ellie shared the profound impact the show had on her, stating "The days after were very emotional." "My time at Strictly was life-changing, and to have the bond and friendship I made with Vito was amazing. It's the sort of friendship I'll cherish for the rest of my life. I'm very lucky and grateful for the experience." Despite both getting matching bee tattoos, Ellie and Vito insist they are merely good friends. "From the moment we met, we just clicked," she said, sharing that she now regards Vito as an extended family member and that they "message every day." As to whether Ellie Leach is currently in a romantic relationship, her status remains private. However, her past includes several noteworthy relationships. Ellie was in a long-term relationship with Reagan Pettman after meeting him during an acting course at The Manchester College. Their romance lasted for a significant period, coinciding with her portrayal of Faye Windass on Coronation Street, but ended roundabout the time she left the ITV series. Amid speculation linking Ellie with Vito, she had a fleeting romance with Bobby Brazier, a fellow Strictly contestant and actor from EastEnders. It's believed that their rapport intensified during the Strictly Come Dancing Tour in January 2024, leading to a public acknowledgment of their liaison in March 2024. However, the couple eventually called it quits.
Lemonade ( NYSE:LMND – Get Free Report ) had its price objective raised by Piper Sandler from $25.00 to $44.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price target would indicate a potential downside of 10.73% from the stock’s current price. Several other analysts have also issued reports on the stock. Keefe, Bruyette & Woods lowered shares of Lemonade from a “market perform” rating to an “underperform” rating and increased their price target for the stock from $18.00 to $21.00 in a research report on Thursday, November 7th. Morgan Stanley upgraded Lemonade from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $23.00 to $42.00 in a research note on Wednesday. JMP Securities restated a “market outperform” rating and set a $40.00 price objective on shares of Lemonade in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group decreased their target price on Lemonade from $15.00 to $14.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 9th. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $30.43. Read Our Latest Analysis on LMND Lemonade Price Performance Lemonade ( NYSE:LMND – Get Free Report ) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.95) EPS for the quarter, beating analysts’ consensus estimates of ($1.02) by $0.07. The business had revenue of $136.60 million during the quarter, compared to the consensus estimate of $129.10 million. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. Lemonade’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.88) earnings per share. Sell-side analysts expect that Lemonade will post -3.05 earnings per share for the current fiscal year. Insider Activity at Lemonade In related news, COO Adina Eckstein sold 23,644 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $50.00, for a total transaction of $1,182,200.00. Following the transaction, the chief operating officer now directly owns 189,653 shares of the company’s stock, valued at approximately $9,482,650. This represents a 11.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, CFO Timothy E. Bixby sold 2,050 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $18.24, for a total value of $37,392.00. Following the completion of the sale, the chief financial officer now directly owns 271,552 shares of the company’s stock, valued at $4,953,108.48. This trade represents a 0.75 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold 102,892 shares of company stock worth $3,783,045 in the last quarter. Company insiders own 12.50% of the company’s stock. Institutional Inflows and Outflows A number of large investors have recently made changes to their positions in the business. Barclays PLC lifted its position in Lemonade by 292.5% in the 3rd quarter. Barclays PLC now owns 87,414 shares of the company’s stock valued at $1,443,000 after acquiring an additional 65,144 shares in the last quarter. Main Management ETF Advisors LLC bought a new position in shares of Lemonade in the third quarter valued at approximately $614,000. State Street Corp boosted its position in shares of Lemonade by 1.2% during the third quarter. State Street Corp now owns 1,233,662 shares of the company’s stock valued at $20,343,000 after buying an additional 14,028 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in Lemonade by 321.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,462 shares of the company’s stock worth $74,000 after buying an additional 3,403 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new stake in Lemonade in the 3rd quarter valued at $1,571,000. 80.30% of the stock is owned by institutional investors. About Lemonade ( Get Free Report ) Lemonade, Inc provides various insurance products through various channels in the United States, Europe, and the United Kingdom. Its insurance products include stolen or damaged property, and personal liability that protects its customers if they are responsible for an accident or damage to another person or their property. Featured Articles Receive News & Ratings for Lemonade Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lemonade and related companies with MarketBeat.com's FREE daily email newsletter .
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