VELDHOVEN: ASML Holding NV (ASML) reported second-quarter net sales of €7.7 billion and a net income of €2.3 billion, meeting the upper range of its guidance, the chip equipment maker said Wednesday. Gross margin for the quarter was 53.7%, slightly…
PARIS: Stellantis said Wednesday it will discontinue its hydrogen fuel cell technology development program, citing infrastructure limitations, high capital costs and weak consumer incentives. The automaker no longer anticipates widespread adoption of hydrogen-powered light commercial vehicles before the decade’s end….
LONDON: Honye Financial Services Ltd (LSE: HOYE) announced Wednesday it has agreed to acquire London-based FinTech firm Zoyo Capital Limited in a share-based deal valued at £26 million. Under conditional agreements, Honye will acquire the entire issued share capital of…
READING: UK defence technology group Cohort plc (AIM: CHRT) posted record revenue and adjusted operating profit for the year ended April 30, 2025, driven by strong demand and a robust order book extending into the 2030s. The Group reported revenue…
LONDON: UK-based beauty and wellbeing brand Creightons plc reported a sharp increase in profits and margins for the year ended March 31, 2025, as strong private label sales offset declines in its branded and contract manufacturing segments. Revenue rose 1.6%…
LONDON: Apax Global Alpha Limited (AGA) said on Wednesday it expects to invest approximately €4.5 million indirectly in Northern Ireland-based food tech firm Foods Connected, through its limited partnership in the Apax Global Impact Fund (AGI). AGI has reached an…
LUXEMBOURG: Compagnie Financière Richemont SA reported a solid start to its fiscal year, with group sales rising 6% at constant exchange rates to €5.4 billion for the first quarter ended June 30, 2025, despite persistent macroeconomic and geopolitical volatility. The…
NEWPORT BEACH: Kayne Anderson BDC, Inc. (NYSE: KBDC) has announced a strategic investment in SG Credit Partners, Inc., a national credit platform serving the lower middle market, to enhance its private credit investment capabilities and diversify its portfolio. The investment…
NEW ORLEANS: Hancock Whitney Corporation (HWC) announced second-quarter net income of $113.5 million, or $1.32 per diluted share, on Wednesday. This compares to $119.5 million, or $1.38 per share, in the first quarter of 2025 and $114.6 million, or $1.31…
Thinking Machines Lab, the artificial intelligence startup launched by former OpenAI executive Mira Murati, has secured $2 billion in funding as it gears up to debut its first product within months. Murati, who briefly served as interim CEO of OpenAI…
Dow Jones slumps over 300 points as financials weigh; Nasdaq hits record U.S. Treasury yields climbed and the Dow Jones Industrial Average fell on Tuesday after Treasury Secretary Scott Bessent initiated the formal selection process for a new Federal Reserve…
Blackstone Inc (NYSE: BX) said on Monday it will invest more than $25 billion through its infrastructure and real estate funds to expand Pennsylvania’s digital and energy infrastructure, a move expected to spur an additional $60 billion in third-party investment…