In a brief update, the US firm said it now expects to deliver between 65,000 and 70,000 vehicles this year, up from a prior forecast of between 62,000 and 67,000 units. Fuelling the increase was stronger-than-expected second-quarter demand, after 12,194 vehicles were delivered, well ahead of consen…
London’s Upper Tribunal ordered the suspension after legal action was brought by four parties, the consumer group Consumer Voice and three lenders: Volkswagen Financial Services, Mercedes Benz Financial Services and Credit Argicole Auto Finance. The Tribunal will hear the challenges either in Decem…
The project, located 25km east of Kalgoorlie, has been granted a 21-year mining lease, renewable thereafter.Oracle said the decision followed an "exhaustive" 18-month process and is a key step in unlocking funding for the project.In September, Oracle and 50:50 joint venture with Riversgold signed a…
Bernberg highlighted plans to broaden JD's product range, optimise stores and step up long‑overdue investment in its online channel as it said many of the firm's recent challenges were largely external, pointing to a slowdown across the sportswear market, weaker demographics, pressure on disposable…
The broker said that at a circa 27% discount to its 489p/share tangible NAV, it has "some sympathy" with the view that Genel’s offer falls short of a full valuation for the Capricorn business."However, it does come from an established regional oil producer with a clear plan for funding the circa $3…
Continuing claims, on the other hand, rose by 2,000 to 1.81m, while the four week moving average, which aims to strip out week-to-week volatility, decreased by 2,500 to 222,000.The advance seasonally adjusted insured unemployment rate was 1.2% for the week ended 20 June, unchanged from the previous…
According to the Bureau of Labor Statistics, hiring continued to trend higher in professional and business services, up by 36,000, while the social assistance and health care sectors added 25,000 and 22,000 jobs, respectively.Employment in leisure and hospitality fell sharply, down 61,000, reflecti…
The manufacturing facilities, located in the central Chungcheong provinces, will produce display panels, batteries, chips and chip materials.Nearly half of the spend will go to Samsung Display, with KRW67trn for the production of display panels for the comapny's phones, tablets, in-car infotainment…
Publishing its latest credit conditions survey, the BoE found that the availability of secured credit to households was unchanged in three months to May end, and was expected to increase over the next three-month period. However, while demand for secured lending for house purchase increased in the…
The report's headline consumer confidence gauge rose just 0.4 points to 105.3 last month, marking the second consecutive increase and continuing a string of positive readings – indicated by any figure above 100 – that began in mid-2023.Opinions about household finances picked up, with the retrospec…
Studio Retail collapsed into administration in February 2022, eight months after Forvis Mazar had finished its audit and signed off the business as a going concern. Investors suffered heavy losses, while the business was bought out of administration in a pre-packaged sale by Mike Ashley’s Frasers G…
According to Sky News, Dusk has chosen Panmure Liberum and Zeus to help manage an initial public offering, which is slated to take place later this year.Headquartered in Yorkshire, Dusk has amassed a two million-strong customer base, with repeat customers now accounting for over half of all transac…
The seasonally adjusted jobless rate for the single-currency region was 6.2% for the second month in a row, matching the all-time low levels seen briefly during the end of 2024.Some 10.986m people were unemployed in May, down 55,000 over the month and 158,000 lower than a year ago.Meanwhile, youth…
The AIM-traded firm said the acreage, nominated by Zephyr and secured through a sealed-bid auction, carries a five-year primary term and a 16.67% royalty, with the cost funded from existing cash.The acquisition follows the 27,000-acre deal announced on 26 June and takes Zephyr’s operated Paradox Ba…
The European Commission imposed the penalty in 2018, arguing that Google parent company Alphabet had abused its dominance in mobile software by requiring smartphone makers to pre‑install its apps, giving the company an unfair advantage.Google appealed through the EU courts, but the European Court o…
Quarterly revenues came in at €6.2bn, up 0.9% or 2% on an organic basis, beating expectations for a 0.1% dip.Thierry Delaporte, chief executive, said trading had been driven by "resilient demand" across the business. He continued: "While we entered the quarter with a cautious view of the operating…
“Highly leveraged Asian AI investors are getting anxious; Korea is cracking, the yen is whispering intervention, oil is losing its war premium, and payrolls are the last real hurdle before the holiday tape takes over,” said Patrick Munnelly, market strategy partner at TickMill.“The market is not ab…
"The company is no longer in discussions with any party in relation to any proposal for a potential sale of the company that the board considers to be deliverable," it said in a brief statement.Under UK takeover rules, PPHE is no longer in an offer period.Last month, the company revealed that a pro…
The AIM-traded decision intelligence software group said revenue for the year ended 31 March rose 48% to £45.0m, while annual recurring revenue increased 46% to £41.5m, including a £5.9m contribution from Enlighten.Adjusted EBITDA rose 72% to £4.3m, but the company posted a £2.3m loss after tax, co…
The AIM-traded timber and panels distributor said revenue for the year ended 31 March rose 7.2% to £393.0m, while pre-tax profit increased to £25.1m from £24.3m.Earnings per share rose to 92.5p from 90.1p, and net assets increased to £232.3m, while cash remained strong at £51.2m.Chair Nick Latham s…
