BlueScope Steel Reports 64% Fall in Full-Year Profit
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Australian steelmaker BlueScope Steel announced a significant decline in its full-year profit, attributing it to weaker market prices. Despite this setback, the…
Renold Reports Strong Financial Performance in Fiscal 2023
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Renold, a leading manufacturer of industrial chains, announced today that it has experienced a significant increase in both pretax profit and revenue…
Illumina Faces €432 Million Fine for Completing Grail Acquisition without Approval
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Gene-sequencing company Illumina (ticker: ILMN) has been fined €432 million ($476 million) by the European Commission for finalizing its acquisition of cancer…
Concurrent Technologies Experiences Strong Growth in First-Half Revenues and Profits
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London-based computer systems and boards manufacturer, Concurrent Technologies, has reported a significant increase in first-half revenue and pretax profit, surpassing market expectations….
BetMGM Acquires Analytics Firm
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BetMGM, a leading player in the American sports betting industry, plans to acquire analytics firm Angstrom Sports for up to £122 million…
Novartis Raises Full-Year Guidance and Initiates Share Buyback
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Novartis, the Swiss pharmaceutical major, has announced an increase in its full-year guidance following a strong performance in the first half of…
Stocks Prove Resilient Against Central Bank Measures
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UBS’s chief investment officer for wealth management, Mark Haefele, has revised his outlook on stocks, realizing that they are faring better than…
Economic Recession Prediction Proven Wrong
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Not so long ago, there were widespread concerns among economists and well-informed individuals about a looming economic recession in the summer of…
XPeng Reports Widened Net Loss in Q2, Expects Revenue Recovery in Q3
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XPeng, the Chinese electric-vehicle manufacturer, experienced a larger net loss in the second quarter, primarily due to decreased sales. However, the company…
Novartis Stock Surges on Strong Q2 Sales and Increased Outlook
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Novartis, the Swiss pharmaceutical company, experienced a sharp increase in its stock price during early trading on Tuesday. This surge came after…
U.S. Stock Futures Show Modest Gain Amid Rising Bond Yields
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Investors are cautiously optimistic as U.S. stock futures edge higher early Thursday, following a recent decline fueled by rising bond yields. The…
Applied Materials Inc. Reports Strong Q3 Earnings Surpassing Expectations
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Applied Materials Inc. shares saw a rise in after-hours trading on Thursday as the maker of semiconductor-manufacturing equipment reported better-than-expected earnings for…