News

SG Fleet receives offer of $3.50 per share from Pacific Equity Partners

[ad_1] SG Fleet Group (ASX:SGF) has received a non-binding, indicative offer from Pacific Equity Partners (PEP) to acquire all outstanding shares of the company at a price of $3.50 per share. Although specific numbers were not disclosed, the offer represents…

Novonix signs five-year supply agreement with Volkswagen’s Powerco

[ad_1] novonix (ASX:NVX) Novonics has signed a binding agreement with Powerco SE, a subsidiary of Volkswagen, to supply a minimum of 32,000 tonnes of high-performance synthetic graphite from 2027 to 2031. The deal strengthens Novonix’s influence in the North American…

Engine trouble won’t break Air New Zealand’s wings

[ad_1] Air New Zealand (ASX:AIZ) expects pre-tax profit for the first half of FY25 to be between NZ$120 million and NZ$160 million, down from NZ$185 million in the same period last year. Despite the decline, the guidance is significantly higher…

UniCredit throws a curveball with BPM €10.5 billion bid

[ad_1] UniCredit (BIT:CRDI) has launched a surprise €10.5bn all-stock bid against domestic rival Banco BPM (BIT:BAMI), amid a political backlash and fears of Italy’s broader banking strategy. raised concerns about the impact. The move disrupts government plans to merge Banco…

Macy’s discovers $154 million in accounting errors

[ad_1] Macy’s (NYSE:M) has postponed its third-quarter financial results after it was discovered that employees hid between $132 million and $154 million in shipping costs over several years. The company announced Monday that an employee responsible for accounting for shipping…

Russell 2000 hits record high on policy and rate cut optimism

[ad_1] The Russell 2000 index hit a record high on Monday, buoyed by expectations for tax cuts under President Donald Trump’s second administration and optimism about further rate cuts from the Federal Reserve. The index represents the performance of approximately…

Gentrack Group’s revenue soars, but profits remain stable

[ad_1] gentrac group (ASX:GTK) delivered impressive revenue growth for the year ending 30 September 2024, with group revenue increasing 25.5% to $213.2 million from $169.9 million in 2023. This was driven by strong demand across the utility and airport management…

$1 million refunded for INOVIQ cancer research

[ad_1] Innovic (ASX:IIQ) received a refund of $1.018 billion under the Australian Government’s Research and Development (R&D) Tax Incentive Program for the financial year ending 30 June 2024. This refund reflects $2.7 million spent on eligible research and development activities,…

Altec secures second offtake contract for CERENERGY GridPacks

[ad_1] altec battery (ASX:ATC) has signed a second offtake agreement for the CERENERGY GridPack Battery Energy Storage System, marking a significant step in its commercialization efforts. The agreement is signed with Referenzkraftwerk Lausitz GmbH (RefLau), a joint venture between German…

Respiri takes a deep breath as it acquires Orb Health for $9 million

[ad_1] Respiri (ASX:RSH) announced a binding agreement to acquire the operations and assets of Orb Health Inc., a Texas-based provider of remote patient monitoring (RPM) and chronic care management (CCM) services. The acquisition, valued at US$9 million, is a pivotal…