Shares in Safestyle UK dropped 41% as the company adjusted its full-year outlook, anticipating a wider underlying loss due to weaker demand. Despite mitigation measures, order intake fell by 11% compared to the previous year.
Heather Reisman returns as CEO of Indigo Books & Music, leading to increased stock prices. Board reshuffling includes new CEO and chair of the board. Craig Loudon appointed as chief operating officer.
Gold prices rose slightly as the U.S. dollar rally slowed down before the Federal Reserve meeting. Price action and market drivers discussed.
AngloGold Ashanti sells its stake in the Gramalote project to B2 Gold Corp for $60 million as part of its strategy to focus on development projects.
TSMC, the largest third-party semiconductor manufacturer, is facing delays in chip deliveries due to slowing demand. Stock prices have dropped and the company has requested suppliers to postpone deliveries as a precautionary measure.
Adobe reported strong Q3 results with net income of $1.4B and revenue of $4.89B, demonstrating continued growth and profitability. The company remains optimistic about future prospects and introduced a monetization strategy for Firefly, its generative AI tool.
Empire Co. surpasses earning expectations with net earnings of $207.2 million in Q1, driven by the sale of retail fuel sites and strong sales performance.
Keystone Law Group expects strong financial results for fiscal 2024, reporting an increase in pretax profit and revenue growth for H1-2024.
Portmeirion Group reports a first-half loss and revenue decline, but remains optimistic for future growth. Christmas order book is robust. Expectation of sales stabilization in the North American market.
True Cresset, formerly known as True Capital Management, has been fined over $800,000 by the SEC for acting as an unregistered broker. The company has reached a resolution with the SEC and remains committed to serving its high-profile clientele.