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Arthur J. Gallagher announces acquisition of Afina Insurance

December 27, 2024 9:24 am
Arthur J. Gallagher & Co, a global insurance brokerage, risk management and consulting services firm, said this week it had acquired Afina Insurance Advisors Inc based in Oakbrook Terrace, Illinois. However, the company did not disclose any financial details of the agreement. Afina Insurance is a property/casualty insurance broker that serves clientele in greater Chicago. […] Read more

France’s unemployment highest since August 2022

December 26, 2024 5:23 pm
The number of persons registered as unemployed in mainland France has risen by 43,500 to 2.935 million people in November, official data showed. This has been the most significant surge since the COVID-19 pandemic-induced increase in April 2020. The latest figure has also marked the highest number of jobless persons in the EU’s second-largest economy […] Read more

Spain producer prices rebound in November

December 26, 2024 11:05 am
Producer prices in Spain have snapped a 20-month streak of declines in November. Prices went up 0.9% year-on-year in November, following a 3.9% YoY drop in October. Energy prices rebounded in November, rising 2.4% YoY, after a 12.9% YoY decrease in October, data by the National Statistics Institute showed. Prices in the country continued to […] Read more

SiteOne Landscape Supply purchases Custom Stone

December 26, 2024 8:49 am
SiteOne Landscape Supply Inc (NYSE: SITE) said this week it had acquired Custom Stone, a wholesale distributor of hardscapes products with six locations across the Austin, Dallas-Fort Worth and Houston, Texas markets. “The addition of Custom Stone will provide SiteOne with six well-located sites across three high-growth markets, making us the clear hardscapes leader in […] Read more

Lennox International to be listed on the S&P 500 Index

December 25, 2024 9:18 am
Lennox International Inc (NYSE: LII), a provider of innovative climate control solutions, said this week it had been included in the benchmark S&P 500 Index. This achievement highlights the company’s sustained growth, innovation and dedication to delivering advanced HVACR products that prioritize comfort and efficiency. “Joining the S&P 500 is a testament to the success […] Read more

La Rosa Holdings to offer cryptocurrency payment options

December 24, 2024 12:44 pm
La Rosa Holdings Corp (NASDAQ: LRHC) said on Monday that it would offer Bitcoin and other cryptocurrencies as a payment option for its network of agents. This way, agents will be provided with the flexibility to receive certain payments in digital assets, while the initiative marks a progressive step toward integrating blockchain technology into real […] Read more

GCM Grosvenor upgraded to “Overweight” at Piper Sandler

December 24, 2024 8:36 am
Piper Sandler has raised its rating on GCM Grosvenor Inc (NASDAQ: GCMG) to “Overweight” from “Neutral” previously, driving the shares over 3% higher on Monday. Piper Sandler analyst Crispin Love wrote in an investor note that “momentum in fundraising, growth in direct oriented investments, and a pickup in deal activity” would “drive carried interest and […] Read more

Switzerland investor sentiment continues to worsen

December 23, 2024 1:29 pm
An indicator of investors’ sentiment in Switzerland has been reported in negative territory for a fifth consecutive month in December. The gauge came in at a reading of -20 in December, down from -12.4 in the prior month, data by UBS & CFA Society Switzerland showed. Participants in the survey have lowered their expectations for […] Read more

Norway unemployment rate at nine-month low

December 23, 2024 9:35 am
The seasonally adjusted unemployment rate in Norway has decreased to 3.7% in November from 4% in October, data by Statistics Norway showed. It has been the lowest jobless rate since February. The number of unemployed individuals dropped by 11,000 from a month ago to 111,000 in November. At the same time, the number of employed […] Read more

Xometry surges 14% as Wedbush begins coverage with “Outperform” rating

December 23, 2024 8:03 am
The shares of Xometry Inc (NASDAQ: XMTR) rose almost 14% on Friday, after Wedbush Securities began coverage of the stock with an “Outperform” rating. Wedbush analysts noted that Xometry Inc was “well-positioned” to capture market share within the global custom manufacturing industry, with a multi-year runway of relatively high growth compared to digital marketplace competitors. […] Read more