Finance and markets: business, quotes, gold, energy and releases.
Found 2281 articles
Fortune Brands Innovation shares plummeted Friday after the building products manufacturer reported fourth-quarter earnings and revenue that trailed Wall Street estimates, coupled with a cautious long-term outlook and a change in leadership.
Enbridge reported a significant surge in fourth-quarter earnings, driven by robust energy demand and favorable contracting despite global market volatility. The Canadian infrastructure leader recorded net income of C$1.95 billion (US$1.43 billion) for the final three months of 2025, a sharp increase from the C$493 million reported during the same period the previous year.
Hydro One reported a significant uptick in fourth-quarter profit and revenue on Friday, surpassing analyst expectations as Ontario’s largest utility benefited from higher peak demand and tighter operational spending.
Bank of England Chief Economist Huw Pill warned Friday that the current 3.75% benchmark interest rate remains slightly too low, though he advocated for maintaining the status quo rather than pursuing further hikes. While the central bank recently signaled potential cuts this spring, Pill’s stance suggests a growing internal divide over how quickly to pivot toward monetary easing.
Cameco reported fourth-quarter earnings that surpassed analyst expectations, fueled by a 12% jump in realized uranium prices and robust contributions from its Westinghouse Electric venture. Despite a dip in sales volumes attributed to delivery timing, the Saskatoon-based producer benefited from a global resurgence in nuclear energy demand and a tightening supply landscape.
European software firms staged a cautious recovery on Friday as investors reconsidered the severity of a recent market rout fueled by fears of artificial intelligence disruption. Shares in industry heavyweights RELX, Experian, and Capgemini surged as analysts suggested the threat of AI agents to established business models may be overstated.
Immunic shares climbed 20% in pre-market trading Friday after the biotechnology firm priced a private placement to raise up to $400 million. The capital injection is designed to pivot the company from a research-heavy operation into a commercial-stage enterprise as it nears critical clinical milestones for its multiple sclerosis pipeline.
Las Vegas Sands has appointed Patrick Dumont as its new chief executive officer, effective March 1, marking a planned leadership transition for the global resort giant. Dumont, the company’s former chief operating officer, succeeds Robert Goldstein as the firm solidifies its executive structure for the coming years.
Quad/Graphics announced on Friday that its board has approved a 33% increase to its quarterly dividend, signaling a robust outlook for the commercial printing and marketing services firm’s cash flow and capital strategy.
Japanese retailer Watt Mann Co. Ltd. posted a sharp increase in nine-month net profit, reaching ¥397 million despite a contraction in its core operating performance.
Corsair Gaming shares rallied 26% in pre-market trading Friday after the hardware manufacturer reported fourth-quarter earnings that significantly outperformed Wall Street expectations. The surge follows a difficult year for the company, which managed to navigate a global memory shortage to post revenue growth driven by high-performance PC builders.
TC Energy Corp. increased its quarterly dividend by 3.2% after posting fourth-quarter earnings that surpassed market expectations, bolstered by record-breaking natural gas deliveries and a successful strategic pivot. The Canadian infrastructure giant reported comparable EBITDA of C$2.96 billion, exceeding the C$2.89 billion forecast by analysts, as the company capitalizes on its transition toward a gas-and-power-focused portfolio.
Coherus Oncology shares tumbled Friday morning after the biopharmaceutical firm priced a public offering of 28 million shares at $1.75 each. The Redwood City-based company expects to raise approximately $50.1 million in gross proceeds to accelerate the commercial rollout of its flagship cancer therapy and advance its clinical pipeline.
Essent Group announced Friday that its board of directors has authorized a 13% increase in the company’s quarterly cash dividend, raising the payout to 35 cents per share from its previous 31-cent level.
Colliers International Group reported a decline in fourth-quarter profit on Friday, missing analyst expectations even as revenue climbed to $1.61 billion. The commercial real estate services firm saw net income slip to $61.1 million, signaling a pivot toward aggressive acquisitions to drive a projected recovery in 2026.
Flowserve, the Texas-based flow-control specialist, announced on Friday that its board of directors has approved a 4.8% increase to its quarterly cash dividend, raising the payout to 22 cents per share.
Hecla Mining plans to nearly double its investment in exploration and pre-development projects in 2026, targeting a spend of $55 million to replenish its silver reserves. The Idaho-based miner aims to outpace annual depletion by focusing capital on key assets across North America.
L'Oreal SA shares dropped as much as 7.1% in European trading after the beauty giant reported fourth-quarter sales that missed consensus estimates. The results highlight a cooling global cosmetics market, as the company joins rivals Estee Lauder and Coty in navigating a more cautious consumer environment.
Tokyo-listed eole Inc. reported a net loss of ¥17 million for the nine-month period ending December 31, as solid operating performance was ultimately offset by pretax pressures. Despite generating ¥7.66 billion in revenue, the Japanese technology firm struggled to maintain bottom-line profitability during the first three quarters of its fiscal year.
Shares of Beijing-based Knowledge Atlas Technology, known as Zhipu, more than doubled this week following the high-profile debut of its GLM-5 large language model. The stock closed Friday at 459.80 Hong Kong dollars ($58.83), marking a nearly fourfold increase from its initial public offering price just one month ago.
Tri Pointe Homes shares surged more than 25% in premarket trading Friday after the company agreed to an all-cash acquisition by Japan’s Sumitomo Forestry valued at approximately $4.1 billion.
London-based activist investor Independent Franchise Partners has acquired a stake exceeding 3% in Universal Music Group, positioning itself as a major player in the world's largest record label. The move, disclosed in a filing with the Dutch Authority for the Financial Markets, makes the firm the company's sixth-largest shareholder.
Ichikoh Industries Ltd. reported a significant rise in annual net profit to ¥6.20 billion, overcoming a year-on-year decline in total revenue. The Japanese automotive components manufacturer saw its earnings per share climb to ¥64.47 for the period ending December 31, driven by improved operating margins.
Sportsfield Co. Ltd. reported a double-digit surge in full-year earnings for the period ending December 31, fueled by a significant expansion in its top-line revenue. The Tokyo-listed company saw its net profit climb to ¥783 million, up from ¥595 million in the prior year, according to the firm’s latest financial disclosure.
Tokyo-based Pepper Food Service Co. Ltd. reported a net loss of 114 million yen for the fiscal year ending December 31, 2025, a sharp reversal from the profit recorded a year earlier. While the restaurant operator saw a slight increase in top-line revenue, shrinking margins across its operations pressured the bottom line, according to the company's latest financial disclosure.
Tokyo-based Quest Co. Ltd. reported a substantial increase in revenue for the nine months ending December 31, even as higher costs led to a slight dip in net income. The company posted a net profit of ¥549 million, down from ¥554 million in the previous year, highlighting a period of aggressive top-line expansion met with tightening margins.
Asian Star Co. reported a significant leap in its bottom line for the fiscal year ended December 31, with net profit climbing to ¥113.00 million. The Japanese firm saw its earnings per share jump to ¥4.77, fueled by a robust increase in annual revenue compared to the previous year.
Daikokuya Holdings Co. Ltd. reported a narrowed net loss of ¥665.00 million for the nine months ended December 31, an improvement over the ¥714.00 million loss recorded during the same period last year. The Tokyo-listed firm saw revenue grow to ¥8.09 billion, signaling a gradual stabilization of its financial performance despite continued bottom-line pressure.
Tokyo-listed 4Cs Holdings Co. Ltd. reported a significant widening of its net loss for the first quarter ended Dec. 31, as revenue contracted and operating expenses weighed on the bottom line. The company posted a net loss of ¥181.00 million, a sharp increase from the ¥5.00 million loss recorded during the same period the previous year.
Tokyo-based digital media firm INCLUSIVE Inc. reported a net loss of 242 million yen for the nine months ended December 31, 2024, as a decline in revenue exacerbated operational deficits.