STM Group Agrees on Takeover Offer by Jambo SRC
STM Group, a financial-services provider, has announced that it has reached an agreement on the terms of a recommended takeover offer by Jambo SRC. The deal values STM at approximately…
U.K. Grocery-Price Inflation Reaches Lowest Level in Over a Year
According to a recent report from market-research firm Kantar, grocery-price inflation in the U.K. has fallen for the seventh consecutive month, reaching its lowest rate since July 2022. This decline…
Treasury Yields Decline Amidst Market Turmoil
Treasury yields remained lower on Tuesday following the recent attack on Israel, which has caused significant turbulence in the market. Investors have sought refuge in U.S. bonds as a flight…
Refinery Margins Under Pressure Despite Widened RBOB Crack Spread
The NYMEX November RBOB crack spread widened by 62cts near midday on Tuesday to $8.24/bbl over West Texas Intermediate futures, according to a research note by RBC Capital Markets. However,…
The International Monetary Fund’s Soft Landing Camp
The International Monetary Fund (IMF) has taken a cautious stance on the global economy, predicting anemic growth and highlighting several challenges. This comes as inflationary pressures begin to ease, offering…
Hurricane Lidia Hits Mexico’s Pacific Coast with Devastating Force
The coastal resort of Puerto Vallarta, Mexico, was hit by Hurricane Lidia on Tuesday evening. The storm made landfall as an "extremely dangerous" Category 4 hurricane, with wind speeds reaching…
Veolia Awarded €2 Billion Waste Management Contract to Support Hong Kong’s Decarbonization and Resource Regeneration
Veolia, the French resource-management company, has secured a significant waste management contract worth over €2 billion ($2.12 billion) to assist Hong Kong in its decarbonization and resource regeneration efforts. Methane…
Marston’s Sees Sales Growth and Cost Control Actions Driving Profitability
London, October 11, 2023 - Marston's, the popular pub-operator chain, reported a strong sales performance for the fiscal year ended September 30, 2023. The company noted a 10% increase in…
Novo Nordisk’s Ozempic Shows Success in Trial for Kidney Failure in Diabetes Patients
Shares in Novo Nordisk, the maker of Ozempic, surged after the company announced positive results from a trial of its weight-loss drug for kidney failure in diabetes patients. Novo Nordisk…
Marks Electrical Group Sees Margin Impact in First Half
Marks Electrical Group, the London-listed online electrical retailer, has reported that margins in the first half of the year were negatively affected. This was due to the introduction of the…
OpGen in Talks on Potential Strategic Transaction, Shares Surge
OpGen, the precision-medicine company, has experienced a significant surge in its shares in premarket trading on Thursday. This came after the company announced that it is in discussions with an…
Social Security Recipients to Receive a 3.2% Raise in 2024
The Social Security Administration is set to announce a projected 3.2% raise for Social Security recipients in 2024. While this adjustment is higher than average, it may not be enough…