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Acuity shares jumped 18% to $360.46 on Thursday morning, fueled by a fiscal third-quarter performance that outpaced analyst projections. The industrial-technology company reported a significant earnings boost, marking a 33% climb in the stock’s value over the past three months as investor confidence strengthens alongside bottom-line growth.
Investors sent Jamieson Wellness shares climbing 13% to 41.25 Canadian dollars on Thursday after the company confirmed it is entertaining interest from potential suitors. The move follows an unsolicited acquisition proposal that has prompted the health-product manufacturer to formally explore options for enhancing shareholder value.
A group of Dollar Tree shareholders, including funds tied to investment firm Mantle Ridge, is offloading 12.8 million shares of the Chesapeake-based retailer. JPMorgan and Goldman Sachs are serving as the underwriters for this block trade, a move that leaves the company’s own balance sheet untouched by the immediate transaction.
Compagnie Generale des Etablissements Michelin faces a $249.9 million non-recurring charge this year as it pivots away from its Alabama manufacturing footprint. The French tire giant plans to phase out operations at its Tuscaloosa facility by 2028, consolidating production at an existing site in Fort Wayne, Indiana.
A 36% intraday share price collapse hit Elme Communities on Thursday after a subsidiary of the Beitel Group walked away from a $280 million deal to acquire the Riverside Apartments in Alexandria, Virginia. The sudden termination leaves the real estate firm scrambling to restart marketing efforts for its largest remaining asset.
Investors reacted sharply to H.B. Fuller’s expansion into the medical sector, driving shares down 6% to $60.62 on Thursday morning. The adhesives manufacturer announced a definitive agreement to acquire the U.K.-based Advanced Medical Solutions Group for $867.7 million, marking a significant shift toward specialized healthcare supplies and high-barrier markets.
A total of 1.36 million metric tons of U.S. soybeans were sold for the 2025/26 and 2026/27 marketing years, according to Department of Agriculture data released for the week ending June 18. The figure sits at the upper limit of analyst projections, which ranged between 700,000 and 1.4 million tons.
PNC Financial Services Group is raising its quarterly payout to shareholders by 30 cents, marking an 18 percent increase. The board’s decision, announced Thursday, pushes the company’s dividend to $2.00 per share, a move that will take effect starting in the third quarter of this year.
Shareholders of Kroger will see a double-digit bump in their quarterly returns following a board decision to raise the dividend to 39 cents per share. This hike marks an 11 percent increase from the previous 35-cent payout, reflecting the grocer's latest move to return capital to its investors.
After months of persistent calls for a leadership overhaul from its largest shareholder, Dynacor has named longtime board member Rejean Gourde as its new chair. The appointment follows a period of heightened friction between the gold processor’s management and Swiss investment manager iolite Partners regarding the company’s transparency and performance.
As aerial threats evolve, the Finnish Border Guard is assembling an industrial consortium to engineer a nationwide counter-drone shield. Nokia has been tapped to anchor the project, leveraging its defense division to integrate advanced connectivity for patrol vehicles and maritime vessels tasked with safeguarding the nation's critical infrastructure.
Swedish industrial giant SKF has taken a strategic stake in Anferra, a startup specializing in the conversion of hazardous steel grinding sludge. The partnership, joined by Stephen Industries and Chalmers Ventures, aims to transform manufacturing waste into viable chemical products rather than leaving it to sit in landfills.
Shares of IT distributor TD Synnex climbed 7% to $303.01 in premarket trading, putting the stock on a path to notch an all-time record. This rally follows a second-quarter performance that significantly outpaced Wall Street projections, coupled with a fiscal outlook that blew past analyst expectations for the coming months.
Montreal-based AtkinsRealis has secured supplier status across seven lots of the U.K. government’s 3.5 billion pound Construction Professional Services 2 framework. This appointment grants the engineering firm a significant foothold in the country’s public-sector infrastructure pipeline, spanning defense, nuclear energy, and broader national building programs over the next four years.
After more than four years overseeing the firm’s financial operations, AlTi Global Chief Financial Officer Mike Harrington will step down from his post. The wealth management and investment firm confirmed that his deputy, Patrick Keenan, is slated to assume the position on July 1 as part of a long-planned leadership transition.
Shares of WidePoint surged 52% in premarket trading to $26.92 after the company secured a massive contract with the Department of Homeland Security. The deal, valued at nearly $3.1 billion, establishes the firm as the sole provider for the agency’s cellular wireless managed services over the next decade.
Mitsubishi Electric has tapped MDA Space to provide the digital payload and antenna systems for Japan’s next-generation defense communications satellite. This project, commissioned by the Japan Ministry of Defense, aims to replace the existing Kirameki-2 platform currently operating in geostationary orbit to bolster regional secure communications.
Commercial Metals saw its fiscal third-quarter profit surge to $173 million, more than doubling the $83.1 million recorded during the same period last year. Driven by sustained steel pricing power and strategic acquisitions, the company outperformed analyst expectations for both earnings and total revenue as of May 31.
A corroding clockspring connector has prompted Jaguar Land Rover to recall over 250,000 luxury SUVs in the United States, citing a risk that the driver’s airbag may fail to deploy during a collision. The safety campaign covers a broad range of models manufactured between 2020 and 2026.
Nuvation Bio shares tumbled 12% in premarket trading to $5.70 after the oncology firm announced plans to raise $200 million through an offering of convertible senior notes. The move marks a sharp reversal for the company, which had seen its stock price climb 47% over the previous three months.
For the 33rd consecutive year, John Wiley & Sons is increasing its shareholder payout, signaling a long-term commitment to capital returns. The publishing company’s board confirmed the move this week, pushing the annual dividend rate slightly higher as it prepares for the upcoming quarterly distribution cycle.
Florida’s grid is gaining a new power player as Canadian Solar’s storage division, e-Storage, secures its first utility-scale contract in the state. The deal involves supplying a 95-megawatt, 426-megawatt-hour battery system to an unnamed local provider, signaling a strategic push into one of the country’s fastest-growing renewable energy markets.
With a target date of January 4, 2027, for its corporate split, KBR has named the core executive team to spearhead its mission technology solutions business. The move marks a definitive step toward separating the contractor’s government-focused operations from its sustainable energy and emissions reduction arm.
A 9.8% drop in premarket trading greeted Taysha Gene Therapies on Thursday after the biotechnology firm finalized the pricing for a $200 million public offering. The company is diluting its existing equity base to raise capital, selling 32.5 million common shares at $6 apiece to bolster its financial runway.
A 10% spike in Moonpig’s share price greeted the company’s latest financial report, as the online retailer unveiled plans to return up to 65 million pounds to shareholders through a buyback program. The jump to 247.50 pence signals renewed investor confidence following a year of significant profit recovery.
Investors pushed Halfords Group shares to their highest level since February 2024, driving a 16% jump to 208 pence in early trading. The retail chain’s rally follows a fiscal year performance that outperformed market expectations, fueled by the company’s ongoing 'Fit for the Future' growth strategy.
A 4.6% surge in Japan’s Nikkei 225 provided a rare bright spot in a volatile Asian session, even as regional indices elsewhere stumbled. Meanwhile, U.S. stock futures nudged higher ahead of the opening bell, reflecting a cautious investor appetite despite cooling commodity prices and shifting debt benchmarks.
Prime Minister Sanae Takaichi has unveiled a 370 trillion yen ($2.287 trillion) investment roadmap targeting 17 critical sectors through 2041, aiming to jolt Japan out of decades of economic lethargy by funneling massive capital into artificial intelligence, semiconductors, and energy infrastructure.
A sharp contraction in revenue pushed Zuiko Corp into a deeper deficit during the first quarter ending May 20. The Japanese manufacturing firm reported a net loss of 181 million yen, nearly quadruple the 49 million yen loss recorded during the same period last year, according to its latest financial filing.
A 114 million yen net profit marks a sharp reversal for Pharmarise Holdings Corp., which ended its fiscal year on May 31 with a significant recovery from the previous year’s 367 million yen loss. The Tokyo-listed company successfully leveraged rising revenues to pull its bottom line back into positive territory.