News
DiscoverIE Group Acquires 2J Antennas Group for €52.5 Million
DiscoverIE Group acquires 2J Antennas Group for €52.5 million, aims to create dominant player in industrial wireless connectivity.
Frontier Developments Reports Pretax Loss for 2023
Frontier Developments, a video-game developer, announces pretax loss for fiscal year 2023, offset by strong performance in other areas. Looking ahead to regain financial stability.
Advance Auto Parts Inc. Faces Credit Downgrade
Advance Auto Parts Inc. experiences credit downgrade and struggles with execution issues, resulting in declining market share. Stock falls to lowest close in 12 years.
Bracing for the Next iPhone: What to Expect
As Apple prepares to unveil its latest iPhone, investors are anticipating a surge in stock. Learn about the potential pricing changes and production delays that may impact the market.
Amazon Invests in Direct-Air-Capture Technology
Amazon.com has invested in direct-air-capture technology to achieve net-zero carbon emissions, supporting a healthier environment and leading the way towards a greener future.
UK Grocery-Price Inflation Reaches Lowest Level
UK grocery-price inflation reaches its lowest level in over a year, while consumer concerns and discount retailer growth continue.
Eleco Reports Decrease in Pretax Profit for First Half
U.K. software company Eleco has announced a decline in pretax profit for the first half of the year, citing higher costs. Despite the decrease in pretax profit, Eleco experienced a slight increase in revenue. The company remains optimistic about its full-year revenue projections for 2023.
Smart Metering Systems Reports Positive Half-Year Results
Smart Metering Systems reports a rise in pretax profit and revenue for H1, driven by higher rental per smart meter. CEO emphasizes advantages of index-linked revenues. Company aims to install 500,000 meters in 2023 and sees positive EBITDA trend.
Broadcom Stock Soars as Director Makes a Significant Purchase
Broadcom's stock has surged over 50% this year due to strong earnings and its position in the AI sector. Director Check Kian Low made a notable purchase of $9.6 million worth of shares.
Stock Markets in Asia-Pacific Experience Mixed Performance
Stock markets in the Asia-Pacific region had a mixed performance on Monday, September 11. While Hong Kong saw losses, the Shanghai Composite Index increased. Highlights include significant declines in Sun Hung Kai Properties and Renesas Electronics, as well as notable increases in Alibaba Hlth Info Tech and Resona Holdings.