May 10, 2023 8:47 am
Gas and electric utilities company Duke Energy Corp on Tuesday reported first-quarter profit that fell short of analyst expectations as a result of warmer-than-normal weather, higher interest expenses and lower volumes. The company’s first-quarter revenue grew 3.8% year-on-year to $7.3 billion, which compares with market consensus of $6.6 billion. Duke Energy Corp’s electric utilities, which […]
Read moreMay 8, 2023 12:06 pm
Supremex Inc, a North American manufacturer and marketer of envelopes and a provider of paper-based packaging solutions, said on Monday it had acquired the assets of Graf-Pak Inc. The deal was valued at $6.0 million, on a cash-free and debt-free basis. Established in 1995 and currently employing over 20 people, Graf-Pak has a facility located […]
Read moreMay 5, 2023 12:33 pm
Alternative asset manager Great Elm Group Inc said on Friday that Peter Reed had stepped down as Chief Executive Officer with immediate effect. The company’s board of directors has unanimously appointed Jason Reese to the role of CEO in addition to his existing role of Executive Chairman of the Board. Having more than 30 years […]
Read moreMay 4, 2023 10:26 am
Bright Health Group Inc said on Wednesday that it had appointed Jay Matushak as its next Chief Financial Officer, effective May 12th. He is to succeed Cathy Smith, who is leaving the company to pursue a new opportunity. Having deep expertise in the healthcare business, Jay Matushak joined Bright Health Group in 2021. At present, […]
Read moreMay 4, 2023 8:39 am
Equinor on Thursday reported first-quarter earnings above market expectations. Adjusted earnings before interest and tax came in at $12 billion in the January-March period compared with a profit of $18 billion a year ago. The median analyst estimate had pointed to earnings of $11.2 billion. “Equinor delivered strong earnings and cash flow across the business […]
Read moreMay 3, 2023 9:48 am
Galapagos NV said on Tuesday that Bart Filius, its President, Chief Operating Officer and Chief Financial Officer, would part ways with the company. Filius joined Galapagos in 2014 as Chief Financial Officer and was appointed as Chief Operating Officer in 2017. And, in 2021, he became President of the firm. “On behalf of the Board […]
Read moreMay 3, 2023 8:32 am
Stellantis on Wednesday reported a 14% YoY revenue growth during the first quarter, as shipments increased due to an improvement in semiconductor supply. “A better fulfilment of semiconductor orders is slowly but surely improving our capacity to produce vehicles,” Stellantis’ Chief Financial Officer Richard Palmer was quoted as saying by Reuters. The auto maker was […]
Read moreMay 1, 2023 11:56 am
Global provider of payment technology and software solutions, Global Payments Inc, said on Monday that Jeffrey Sloan would step down from the roles of Chief Executive Officer and a member of the company’s board, effective June 1st. He is to be succeeded by Cameron Bready, who at present serves as Global Payments Inc’s President and […]
Read moreApril 30, 2023 12:18 pm
Norilsk Nickel’s board of directors has recommended no dividend payments on its full-year 2022 results for the first time since 2009, as it cited “negative geopolitics.” Norilsk Nickel’s board also took into account factors such as an expected raise in the tax burden and the cost of servicing the firm’s debt portfolio. The company highlighted […]
Read moreApril 28, 2023 10:04 am
EDF said on Friday its like-for-like sales had risen 34.6% year-on-year to EUR 47.8 billion in the first quarter supported by higher electricity and gas prices. Still, the company reported a drop in nuclear production as a result of reactor outages and strikes across France. EDF’s nuclear output in France decreased to 85.2 terawatt-hours in […]
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