June 13, 2023 9:24 am
Pernod Ricard’s Corby Spirit and Wine is set to purchase a 90% stake in Ace Beverage Group at an enterprise value of CAD 165 million, the company said on Tuesday. Founded in 2020 via the merger of Cottage Springs and Ace Hill, Ace Beverage Group has already become a leader in Canada’s ready-to-drink (RTD) market. […]
Read moreJune 13, 2023 8:22 am
Germany’s largest defense contractor Rheinmetall (RHMG) could see a further increase to its stock market value because of the war in Ukraine and higher defense spending in Europe. “Our operating income in 2025 should be about 1.5 billion euros ($1.6 billion), maybe even 1.7 billion euros. For a fair valuation, multiply that with a factor […]
Read moreJune 12, 2023 8:59 am
Spot Gold traded mostly little changed at the start of the week amid investor caution ahead of the key US inflation data and the outcome of the Federal Reserve’s policy meeting. Markets are currently pricing in a 74% chance that the US central bank will keep the target range for the federal funds rate unchanged […]
Read moreJune 12, 2023 7:50 am
23andMe Holdings Inc (ME) said in a SEC filing dated June 9th that it intended to reduce its workforce by roughly 9%, or 75 employees. 23andMe Holdings said the move aimed ”to restructure and strategically align our workforce with the Company’s strategy and to reduce the Company’s operating costs.” It also said it expected to […]
Read moreJune 9, 2023 9:38 am
Lucid Group Inc (LCID), backed by Saudi Arabia’s Public Investment Fund, said this week it was preparing an entry in China’s auto market. According to a report by Reuters, citing an unidentified source with knowledge of the matter, the luxury electric vehicle maker intends to sell imported cars in China and is also considering producing […]
Read moreJune 9, 2023 8:14 am
GXO Logistics Inc said on Thursday that it was initiating a multi-year plan to significantly expand its operations in Germany. In the initial phase, the company intends to invest in a new, 387,000 square foot, state-of-the-art warehouse in Dormagen – an essential logistics location in Dusseldorf. The Dormagen facility is expected to be a launchpad […]
Read moreJune 8, 2023 9:51 am
Plug Power Inc (PLUG) said on Wednesday that it would supply Energy Vault Holdings Inc with 8 megawatts of hydrogen fuel cell stationary power to deliver clean energy to the city of Calistoga in California Wine Country during events such as wildfires or other emergencies. Usually, Energy Vault has rented mobile diesel generators to provide […]
Read moreJune 8, 2023 7:20 am
Light & Wonder Inc (LNW), a leader in casino gaming technology, said on Wednesday that it had teamed up with Shift4 to integrate the latter’s payment processing technology into Light & Wonder’s cashless table-top debit solution – AToM. Being a point-of-play PIN debit solution, AToM enables players to access their funds without the need to […]
Read moreJune 7, 2023 10:44 am
Dollar General Corporation (DG) said this week it had priced an offering of $500,000,000 of its Senior Notes due 2028 and $1,000,000,000 of its Senior Notes due 2033. The 2028 notes will pay interest at a rate of 5.200% per year and mature on July 5th 2028. The 2033 notes will pay interest at a […]
Read moreJune 7, 2023 9:02 am
Ford Motor Co (F) said on Tuesday that it would recall 125,000 sport utility vehicles and trucks, since engine failures may trigger a fire. According to the company, isolated engine manufacturing issues can cause the engine to fail prematurely and, in such a case, engine oil or fuel vapor may be released, which increases the […]
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