2025-02-21
ADNOC Closes $2.84 Billion Share Sale in Gas Unit
Abu Dhabi’s ADNOC has completed a share sale in its gas business unit to the tune of $2.84 billion, making the placement the biggest share sale in the Middle East and North Africa after the secondary share offering of Aramco, Reuters reported.The share placement was launched yesterday, with the size of the offering equal to 4% of ADNOC Gas’ capital. Two years ago, ADNOC raised $2.5 billion from the listing of its gas business unit in what was one of the biggest IPOs in the region in 2023. The IPO offering was 50 times oversubscribed, with investors placing orders for $124 billion in total...
Read more2025-02-20
Chesapeake Drops After Winning Warrior Friendly Award
Chesapeake Utilities Corporation (NYSE:CPK) shares declined Thursday, despite news the Dover, Delaware firm has been recognized as a 2025 Warrior Friendly Business by the Delaware State Chamber of Commerce Joint Military Affairs Committee (JMAC). The Company was honored in the Over 50 Employees category. The award, which recognizes the efforts of employers to support service members, veterans and their family members through workplace initiatives, was presented on Feb. 20 at the JMAC's annual State of the Guard Address.Chesapeake Utilities is committed to building a workforce that mirrors the...
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Grocer Loblaw Announces $10 Billion Investment Over Five Years
Canadian grocery store chain Loblaw Companies (L) has announced plans to invest $10 billion over the next five years, including $2.2 billion in 2025.The Toronto-based company said it plans to open 80 new grocery and pharmacy stores this year, about 50 of which will be discount grocery outlets.Additionally, Loblaw plans to renovate more than 300 grocery and pharmacy stores throughout the year ahead. The company’s investment plans also include modernizing its supply chain, including the opening of a new Ontario distribution centre that has been under construction since 2022.Loblaw has been...
Read more2025-02-18
Trump To Implement Automotive Tariffs On April 2
U.S. President Donald Trump has said he plans to implement tariffs on imported motor vehicles and auto parts starting April 2, dealing a potential blow to Canada’s manufacturing sector. Trump’s comment on auto tariffs contained few other details, and did not say whether the new duties will apply to all automotive imports. However, economists and industry analysts continue to warn that tariffs on U.S. imports effectively raise prices for American consumers. The American Automotive Policy Council, which represents General Motors (GM), Ford Motor Co. (F), and Stellantis (STLA), has said the...
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Tariff Warning on the Auto Sector
Every week that goes by seems to include a new announcement on tariffs. On Feb. 14, President Trump said he would apply tariffs on automobiles as soon as April 2, 2025.On April 1, members of his cabinet will report the options for levying import duties. This will have a significant impact on global trade. Before that, Trump set a 25% tariff on all imported steel and aluminum. Those are key raw materials for the auto industry.Stock markets long expected troubles ahead for the automotive sector. Shares of Ford Motor (F) traded as low as $9.10, after peaking at $14.85 in July 2024. General Motors...
Read more2025-02-13
The Volkswagen Golf R Is Nearly a $50,000 Car Now - Motor1
The Volkswagen Golf R Is Nearly a $50,000 Car Now Motor1 2025 Volkswagen Golf R Pricing Revealed, Starts at $48,325 Car and DriverVolkswagen prices 2025 Golf GTI at $36,495 in Canada Driving Canadian Pricing for Updated 2025 Golf GTI and R Revealed AutoTraderPricing Announced for Updated 2025 Volkswagen Golf GTI and Golf R The Car Guide
Read more2025-02-12
Anavex Out with Financial Results
Anavex Life Sciences Corp. (NASDAQ: AVXL), a clinical-stage biopharmaceutical company focused on developing innovative treatments for Alzheimer's disease, Parkinson's disease, schizophrenia, neurodevelopmental, neurodegenerative, and rare diseases, including Rett syndrome, and other central nervous system (CNS) diseases, today reported financial results for its first quarter of fiscal 2025.“We are receiving growing support from stakeholders for the potential to advance a novel treatment for early Alzheimer’s disease with convenient oral dosing with potential clinical meaningful benefit...
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Stocks in Play: Buhler Industries Inc.
Wednesday, February 12, 20259:41 AM EST - Buhler Industries Inc. : Has executed a definitive Amalgamation Agreement with ASKO Sinai ve Teknoloji Üretim Sanayi Ticaret Anonim Sirketi and a wholly-owned subsidiary of ASKO pursuant to which the Company would be taken private by way of an amalgamation. ASKO owns 24,184,586 Class A common shares representing approximately 96.7% of the Company's 25,000,000 issued and outstanding Common Shares. Prior to the Amalgamation, ASKO will transfer all of its Common Shares to Newco in exchange for common shares of Newco by way of a share exchange agreement...
Read more2025-02-11
Google No Longer Displays, Black History, Pride Month
Google’s (NASDAQ:GOOGL) popular online and mobile calendars no longer include reference to the first day of Black History Month or Women’s History month, among other holidays and events.The company’s calendar previously had those days marked at the start of February and March, respectively, but they don’t appear for 2025.The Verge first reported on the removals from Google Calendar late last week, which followed comments from users.A Google spokesperson said the changes took place in the middle of last year.“Some years ago, the Calendar team started manually adding a broader set of...
Read more2025-02-11
Beware of Luxury Stocks
Investors who paid a premium on e.l.f. Beauty (ELF) is now in a losing position. The supplier of affordable makeup and skincare products issued a weak outlook for fiscal 2025.e.l.f. cut its net sales, adjusted EBITDA, adjusted net income, and diluted EPS estimates. Investors will likely sell ELF stock to offset gains from AI-related semiconductor stocks.China’s ailing economy is one of several issues for the luxury market. Estee Lauder (EL) already issued a warning several quarters ago. It experienced a drop in Chinese consumer demand.e.l.f. is mitigating the tariff risks. In 2019, it had a...
Read more2025-02-10
Titan Hikes on Closing IPO
Titan Cement International SA (NYSE:TTAM) reported that its Titan America subsidiary and parent company of its U.S. operations, today closed its initial public offering of 24,000,000 common shares at a price to the public of $16.00 per share. The IPO consists of 9,000,000 new common shares issued and sold by Titan America and 15,000,000 existing common shares sold by Titan Cement International SA. Titan America’s common shares began trading on the New York Stock Exchange under the ticker symbol “TTAM” on February 7. Titan America received net proceeds of approximately $136,800,000 million...
Read more2025-02-10
TC Falls Despite Cohort B Trials
TC BioPharm (Holdings) PLC (NASDAQ: TCBP) shares lost some ground Monday, as the Edinburgh-based clinical-stage biotechnology company developing platform allogeneic gamma-delta T cell therapies for cancer and other indications, announced the first Cohort B patient in the ACHIEVE Phase 2B UK clinical trial, evaluating TCB008 in Acute Myeloid Leukemia, has completed the full dosing regiment. This morning’s news release reported the ACHIEVE trial is an open-label Phase II study dedicated to evaluating the efficacy and safety of TCB008. This trial is focused on assessing the treatment's...
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