Category: Reports
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Playtech Reports “Solid Trading Performance” in First Four Months of 2024
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London-listed Playtech plc (LSE: PTEC) has updated its trading for the first four months of 2024, reporting strong trading performance driven by “strong fundamental trends”. However, the company did not provide any specific numbers in the summary report published on Wednesday morning. Playtech’s B2B division is performing well Playtech’s B2B…
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IIHS, Consumer Reports name safe, affordable vehicles for teens
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published May 22, 2024 • 9 minute…
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Elliott builds $1 billion-plus stake in Johnson Controls, Bloomberg reports By Reuters
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(Reuters) – Activist investor Elliott Investment Management has built a position worth more than $1 billion Johnson Controls (NYSE:) International Plc, Bloomberg News reported on Sunday. The Bloomberg report also said that Elliott’s intentions behind the stake in the building solutions provider could not be immediately known. Elliott & Johnson…
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Japan and ASEAN plan joint strategy on auto production, Nikkei reports By Reuters
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(Reuters) – Japan and the Association of Southeast Asian Nations (ASEAN) plan to develop their first joint strategy on automobile production and sales within the Southeast Asian bloc to counter China’s growing presence in the electric vehicle market, a newspaper reported on Monday. The goal is to develop an interim…
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Inflation ‘Turns UK into Nation of Savers,’ Reports Resolution Foundation
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Inflation has dramatically reshaped the UK economy, steering households towards the highest savings rate in three decades and cutting spending by £50bn, according to the Decision Foundation. In a recent report, the Center for Economic Research highlighted that household consumption contracted more than the decline in real income during the…
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Inflation ‘Turns UK into Nation of Savers,’ Reports Resolution Foundation
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Inflation has dramatically reshaped the UK economy, steering households towards the highest savings rate in three decades and cutting spending by £50bn, according to the Decision Foundation. In a recent report, the Center for Economic Research highlighted that household consumption contracted more than the decline in real income during the…
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Sky Harbour Reports Positive Outlook in Q1 Earnings By Investing.com
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Sky Harbour (ticker not provided), a company specializing in airport infrastructure, reported a strong start to 2024 in its first-quarter earnings call. The company announced increased revenues, with expectations for further growth in the second quarter as their three campuses are fully leased. The CEO, Tal Keinan, detailed plans for…
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Bridger Aerospace reports record Q1 revenue in 2024 By Investing.com
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Bridger Aerospace (ticker not provided) has reported a record first-quarter revenue of $5.5 million for fiscal 2024, a significant increase from the $365,000 in the same quarter of the previous year. This increase was attributed to the early deployment of Super Scooper and surveillance aircraft to Texas and Oklahoma. Despite…
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CVD Equipment Corporation reports Q1 fiscal year 2024 results By Investing.com
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CVD Equipment Corporation (CVD), a leading provider of chemical vapor deposition systems, announced its financial results for the first quarter of the fiscal year 2024. The company reported a significant decrease in revenue compared to the same period last year, with first-quarter revenue coming in at $4.9 million, down 43%…
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Sony and Apollo move ahead with Paramount bid process but reticent about earlier plan, NYT reports By Reuters
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(Reuters) – Sony (NYSE:) Pictures Entertainment and Apollo Global Management (NYSE:) have signed nondisclosure agreements allowing them to look at Paramount’s books ahead of a potential bid to buy the movie studio’s assets, the New York Times reported Friday, citing people familiar with the material. The newspaper said that the…
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BioAtla reports promising data in cancer drug trials By Investing.com
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BioAtla, a biotechnology company, has announced its first-quarter financial results and provided a business update, highlighting positive data from ongoing clinical trials and the potential for strategic partnerships. The company showcased encouraging results from its CAB-ROR2-ADC drug in treating head and neck cancer and is preparing for FDA guidance on…
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Slovakian Prime Minister Robert Fico has been shot – reports
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Slovak Prime Minister Robert Fico Slovak newspaper Denik In reported that Slovak Prime Minister Robert Fico had been shot dead. There is no update yet on his condition, but it is said that he was taken to the hospital by helicopter. The shooting took place in the town of Handlova…
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BuzzFeed reports Q1 revenue decline, eyes AI for growth By Investing.com
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BuzzFeed Inc. (BZFD) has disclosed its financial results for the first quarter of 2024, revealing a revenue decrease of 18% year-over-year to $44.8 million. Despite the overall downturn, the company has seen a rise in programmatic advertising revenues and is focusing on artificial intelligence (AI) to enhance audience engagement and…
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Kaltura reports growth and positive EBITDA in Q1 2024 By Investing.com
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Kaltura, Inc. (NASDAQ: KLTR), a leading video cloud platform, has announced its first quarter results for 2024, demonstrating financial resilience with a 3% increase in total revenue to $44.8 million and a 2% rise in subscription revenue to $41.2 million. The company achieved a positive adjusted EBITDA of $0.6 million,…
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This Week’s US Inflation Reports Are Expected to Shake Crypto Markets
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Cryptocurrency markets remained flat over the weekend after falling last week, bringing total capital down to $2.38 trillion. This week’s economic calendar could bring further volatility as key inflation data is announced alongside a number of Federal Reserve speeches, which could indicate the direction of monetary policy going forward. Economic…
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Asian Stocks Rise on Reports of Chinese Bond Sale: Markets Wrap
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(Bloomberg) — Asian stocks pared earlier losses as reports of a planned long-term Chinese bond sale fueled optimism that the money raised will boost the economy. Most read from Bloomberg Hong Kong’s stock index rose to its highest level since August following the news, while mainland-listed stocks trimmed declines. China’s…
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Week Ahead in FX (May 13 – 17): U.S. Inflation Plus U.K. And Australia’s Jobs Reports
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The US Dollar is in for another busy week as Uncle Sam publishes the latest inflation reports! Meanwhile, labor market updates from the UK and Australia are expected to increase volatility for the British pound and Australian dollar. We’ve got a diary on this week’s most watched data releases! Before…
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Global Crossing Airlines reports strong revenue growth By Investing.com
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Global Crossing Airlines (JET:NASDAQ) has announced a significant uptick in its financial performance for the first quarter of 2024, with a 67% increase in revenue to $53.8 million and a 16-fold rise in EBITDA year-over-year. Despite this growth, the company reported a net loss of $6.3 million and ended the…
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Arm Holdings plans to launch AI chips in 2025, Nikkei reports By Reuters
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(Reuters) – SoftBank Group arm Holdings (NASDAQ:) plans to develop artificial intelligence chips and aims to launch the first products in 2025, Asia reported on Sunday. The report added that UK-based Arm will set up an AI chip division and aims to build a prototype by spring 2025. Mass production…
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Latham Group reports resilient Q1 despite soft market By Investing.com
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Latham Group, Inc. (SWIM) kicked off the first quarter of 2024 with results that surpassed their own forecasts, showcasing the company’s resilience in a challenging market for the pool industry. The company’s strategic cost reductions and efficiency improvements have led to a stronger margin profile, despite a decline in net…