Rentokil Initial, the world’s leading commercial pest control company, has announced it is set to transform the future of pest control for Australian businesses. Rentokil Initial will introduce machine learning and AI automation to its pest monitoring units through the use of innovative camera technology to identify pest behaviours as they happen, helping to create … Read more
Hargreaves Services (LON: HSP) continues to make progress with its underlying business although it is slightly masked by the contribution from German associate HRMS, where the profit contribution is falling from high, but unsustainable levels. The shares remain at a discount to their book value and there is potential for growth in NAV from realising … Read more
Lucara Diamond Corp. [LUC-TSX, LUCRF-OTC] has announced the recovery of a 1,080-carat diamond from its 100%-owned Karowe mine in Botswana. The company said the diamond, measuring 82.2 x 42.8 x 34.2 mm is described as a Type 11a top white gem of high quality. It was recovered from the Coarse XRT unit at Karowe from … Read more
Liberty Tax parent NextPoint Financial Inc. and 29 U.S. affiliates have launched Chapter 15 proceedings in Delaware, declaring $284 million in debt after seeking bankruptcy protection in Canada. NextPoint and its subsidiaries received an initial order from the Supreme Court of British Columbia regarding the Companies’ Creditors Arrangement Act. The company’s approximately 2,200 Liberty Tax franchised locations are … Read more
Capitolis has announced it is connecting to LCH’s FX Smart Clearing solution. This will add another layer of optimization benefits to help banks overcome the challenge of increased costs resulting from the introduction of the Standardized Approach to Counterparty Credit Risk (SA-CCR) and other risk measures in the FX industry, particularly relating to FX forwards, … Read more
US Dollar, GBP/USD, British Pound, Treasuries, Gilts, China, Moody’s – Talking Points The US Dollar resumed strengthening this week on global growth questions China’s economy is facing scrutiny, pushing investors toward Treasuries and Gilts Sterling survived a test of support levels, but will GBP/USD continue to hold up? Recommended by Daniel McCarthy How to Trade … Read more
The earnings season is almost over although Disney will release earnings tomorrow and Nvidia was scheduled to release later in the month. For today, the major releases showed: Lyft Inc (LYFT) BEAT: Q2 2023 USD: Adj. EPS 0.16, exp. -0.01, Revenue 1.02bln, exp. 1.02bln. Take-Two Interactive Software Inc (TTWO) MISS: Q2 2023 USD: EPS -1.22, … Read more
Interest was not raised even by discounts Passenger car sales in China fell 2.6 percent year-on-year to 1.79 million vehicles in July. It decreased for the second month in a row. Even discounts and government support measures did not convince buyers to buy more expensive consumer goods in economically uncertain times, when the housing market … Read more
Perth-based telecommunications and cloud gaming provider Pentanet (ASX: 5GG) reports that GeForce NOW Powered by its cloud gaming is now even more accessible for Australians through the regional launch of Samsung Gaming Hub. As an all-in-one game streaming discovery platform, Samsung Gaming Hub makes it easy for gamers of all ages and abilities to search, … Read more
Minerals sands supplier PYX Resources Ltd (LON: PYX) will benefit from the announcement by the Indonesian Ministry of Trade that it is easing export restrictions on ilmenite and rutile with minimum grades of titanium dioxide. Management expects to be awarded an export licence for titanium dioxide, imminently. This will boost revenues and profit. PYX has … Read more