Day: August 10, 2022

Aerospace Bearings Market Size to Hit USD 17.44 Billion by 2028 | Aerospace Bearings Industry Striking Growth in United States, Germany, India, United Kingdom, ROW

Written by Customer Service on August 10, 2022. Posted in Mergers And Acquisitions.

According to Fortune Business Insights, the global aerospace bearings market size is projected to reach USD 17.44 Billion by 2028, at CAGR of 7.95% during forecast period 2021-2028 | Increasing Demand for Emergency Air Medical Services to Aid Growth Pune, India, Aug. 10, 2022 (GLOBE NEWSWIRE) — The global aerospace bearings market is set to gain impetus from the increasing demand for cost-effective and lightweight products. TriStar Plastics Corporation, for instance, is seeking out polymer aircraft bearings by replacing stainless steel and other materials. This is because the former would require lesser maintenance and lubrication. At the same time, they are highly durable and have excellent load-bearing capacities. As per a report by Fortune Business Insights™, titled, “Aerospace Bearings Market 2021-2028,” the market size stood...

UPDATE ON MBCC ACQUISITION – CLOSING TARGETED FOR H1 2023

Written by Customer Service on August 10, 2022. Posted in Mergers And Acquisitions.

UPDATE ON MBCC ACQUISITION – CLOSING TARGETED FOR H1 2023 The UK Competition and Markets Authority (CMA) has decided to conduct an in-depth examination in the UK market related to Sika’s planned acquisition of MBCC Group. Closing is now targeted for the first half of 2023. The adapted timeline will not impact the strategic attractiveness of the transaction. Guidance for the expected annual synergies remains at CHF 160 – 180 million. In November 2021, Sika signed a definitive agreement to acquire MBCC Group (former BASF Construction Chemicals). The completion of the transaction is subject to regulatory approvals. The UK Competition and Markets Authority (CMA) has decided to conduct an in-depth examination (Phase 2) regarding Sika’s planned acquisition of MBCC Group. This examination will require additional time. The closing of the transaction...

Boreo Plc, HALF-YEAR REPORT JANUARY 1 TO JUNE 30, 2022

Written by Customer Service on August 10, 2022. Posted in Earnings Releases And Operating Results.

Boreo Plc, HALF-YEAR REPORT JANUARY 1 TO JUNE 30, 2022 August 10, 2022, at 9:00 Stable performance in a challenging environment, Russian operations sold on 9 August 2022 April-June 2022 (continued operations)Boreo’s operations in Russia have been classified as discontinued operations and all figures in this report relate to continuing operations unless otherwise stated. Net sales grew by 34% to EUR 40.4 million (2021: 30.2). Operational EBIT increased by 34% to EUR 2.4 million (2021: 1.8). EBIT stood at EUR 1.8 million (2021: 1.5). Free cash flow (including discontinued operations) was EUR -2.3 million (2021: -0.1). Free cash flow was particularly affected by the increase in working capital. The profit for continuing operations for the review period stood at EUR 1.1 million (2021: 1.0). The profit for discontinued operations for the...

Disposable Gloves Market Size Worth USD 44.64 Billion by 2029 | With 7.5% CAGR

Written by Customer Service on August 10, 2022. Posted in Mergers And Acquisitions.

According to Fortune Business Insights, disposable gloves market is projected to grow from USD 26.82 billion in 2022 to USD 44.64 billion by 2029, exhibiting a CAGR of 7.5% during the forecast period; Increasing Implementation of Enhance Industrial Safety and Hygiene Standards to Drive Market Growth Pune, India, Aug. 10, 2022 (GLOBE NEWSWIRE) — The global disposable gloves market size was valued at USD 23.03 billion in 2021. The market is projected to grow from USD 26.82 billion in 2022 to USD 44.64 billion by 2029, exhibiting a CAGR of 7.5% during the forecast period. List of Key Players Mentioned in the Disposable Gloves Market Report:Top Glove Corporation Bhd (Malaysia) Hartalega Holdings Berhad (Malaysia) Kossan Rubber Industries Bhd (Malaysia) ANSELL LTD (Australia) Sempermed (Austria) Cardinal Health (U.S.) Supermax Corporation...

Ahold Delhaize delivers resilient performance in Q2 2022; raises full-year EPS and free cash flow guidance

Written by Customer Service on August 10, 2022. Posted in Public Companies.

With high levels of inflation, our brands are focused on helping customers efficiently manage their spending. Driven by our €850 million Save For Our Customers cost savings program, our brands are absorbing cost increases for customers, introducing more entry-priced products, expanding high-quality own-brand assortments and delivering personalized value through loyalty programs. Q2 Group net sales increased 6.4% at constant exchange rates to €21.4 billion. At actual exchange rates, net sales grew 15.0%. Q2 net sales accelerated in both regions compared to Q1, growing 7.7% in the U.S. and 4.2% in Europe at constant rates. Increased market share in the majority of markets reflects strong customer loyalty to our locally tailored customer value propositions. Net consumer online sales increased 4.8% at constant exchange rates. Net consumer...

China Index Holdings to Report Second Quarter 2022 Financial Results on August 17, 2022

Written by Customer Service on August 10, 2022. Posted in Public Companies.

BEIJING, Aug. 10, 2022 (GLOBE NEWSWIRE) — China Index Holdings Limited (NASDAQ: CIH), (“CIH” or the “Company”), a leading real estate information and analytics service platform provider in China, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2022 before the U.S. market opens on Wednesday, August 17, 2022. CIH’s management team will host a conference call on the same day at 7:00 AM U.S. ET (7:00 PM Beijing/Hong Kong time). The dial-in details for the live conference call are:Toll-Free (Local Toll): United States +1 844-543-0451 (+1 864-991-4103)Hong Kong +852 3001-1960Mainland China +86 400-842-4982 (+86 10-5789-7564)For participants who wish to join the call, please complete online registration using the link provided below at least 20 minutes prior to...

Corbion first half-year 2022 results

Written by Customer Service on August 10, 2022. Posted in Earnings Releases And Operating Results.

Corbion reported net sales of € 687.4 million in H1 2022. Organic net sales growth was 23.4% for the first half year. Adjusted EBITDA in H1 2022 increased by 16.6% to € 89.9 million. Olivier Rigaud, CEO, commented: “We are proud to have delivered strong growth in sales and EBITDA during a period of unprecedented cost inflation and supply chain disruptions. Given that we are prioritizing price increases and mix improvements, we are encouraged to see that this has not led to adverse volume impact. This confirms the strength of our differentiated portfolio. I am happy to report that our AlgaPrime DHA business has been profitable as of June. Looking forward, we are on track to substantially improve our absolute Adjusted EBITDA for the company compared to last year, as we continue to adapt to the inflationary environment with price adjustments,...

ABN AMRO reports net profit of EUR 475 million in the second quarter 2022

Written by Customer Service on August 10, 2022. Posted in Earnings Releases And Operating Results.

ABN AMRO reports net profit of EUR 475 million in the second quarter 2022Good quarter, with a net profit of EUR 475 million and return on equity (ROE) of 8.8%. Continued progress towards our financial and non-financial targets for 2024 Continued growth in mortgage and corporate loan books. Market leader in mortgages with a market share of 17.5% in Q2 Deposit margins benefit from higher interest rates; net interest income (NII) is expected to bottom out in the second half of this year and to end around EUR 5.2 billion for the full year Fee income increased by 12% compared with Q2 2021, driven by higher transaction volumes in payments and strong results at Clearing Full-year costs expected to total around EUR 5.3 billion, excluding incidentals, as cost savings are partially offset by higher investments and regulatory levies Impairment...

Proactive news headlines including Riversgold Ltd, Patrys Ltd, Great Boulder Resources and Technology Metals Australia

Written by Customer Service on August 10, 2022. Posted in Mergers And Acquisitions.

Sydney, Aug. 10, 2022 (GLOBE NEWSWIRE) — Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies:Riversgold Ltd (ASX:RGL) is readying to embark on a 10,000-metre drill program at the Tambourah Project in WA’s Pilbara region. Click here Patrys Ltd (ASX:PAB) has fielded new pre-clinical data for its lead asset, PAT-DX1, which strongly back the drug’s continued development to improve patient outcomes in high-grade glioma (HGG), a fast growing and clinically challenging form of brain cancer. Click here Great Boulder Resources Ltd (ASX:GBR) has delivered a thick shallow gold intersection from its recent reverse circulation (RC) drilling at the Ironbark discovery, situated at the Side Well Gold Project, near Meekatharra in Western Australia. Click here Technology...

Magic Empire Global Limited Announced Closing of Initial Public Offering

Written by Customer Service on August 10, 2022. Posted in Public Companies.

Hong Kong, Aug. 10, 2022 (GLOBE NEWSWIRE) — Magic Empire Global Limited (Nasdaq: MEGL) (the “Company” or “Magic Empire”), a financial services provider in Hong Kong which principally engage in the provision of corporate finance advisory services and underwriting services, today announced the closing of its initial public offering (the “Offering”) of 5,000,000 ordinary shares at a price of $4.00 per share. The aggregate gross proceeds from the Offering were $20 million, before deducting underwriting discounts and other related expenses. The ordinary shares began trading on The Nasdaq Capital Market on August 5, 2022 under the ticker symbol “MEGL.” The Offering was conducted on a firm commitment basis. Network 1 Financial Securities, Inc. acted as sole book runner and lead underwriter for the Offering. A registration statement on...

Day: August 10, 2022

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