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Month: September 2024

Financial Stress Continues to Rise for Businesses Across Key Industries

– Economic Uncertainty and Recent Natural Disasters Could Further Impact Credit Performance for Businesses – Equifax Canada Market Pulse — Q2 2024 Quarterly Business Credit Trends Report TORONTO, Sept. 17, 2024 (GLOBE NEWSWIRE) — Equifax Canada’s Q2 Business Credit Trends Report reveals an uptick in businesses missing credit payments. According to the data, over 56,000 businesses missed at least one financial trade in Q2 2024, up 10.2 per cent from the same period in 2023. At a trade level, the 60+ day (volume) financial trade delinquency rate went up from 2.8 per cent to 3.1 per cent in the last 12 months, driven largely by installment loans. Businesses that rushed to take installment loans to pay off their CEBA loans before the deadline, coupled with elevated interest rates, may be contributing to this rise in loan...

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RF Acquisition Corp. Announces Updated Per Share Redemption Price in Connection With Upcoming Special Meeting

SINGAPORE, Sept. 17, 2024 (GLOBE NEWSWIRE) — RF Acquisition Corp. (“RFAC” or the “Company”) today announced that, in connection with the upcoming special meeting of stockholders scheduled to be held September 23, 2024, the per-share price at which public shares will be redeemed from cash held in the Company’s trust account will be approximately $11.24. The closing price of the Company’s Class A Common Stock on September 13, 2024 was $11.24. About RFAC RFAC is a blank check company incorporated as a Delaware corporation whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. While RFAC may pursue an initial business combination target in any business, industry, or geographic location, it intends to search...

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Man Group PLC : Form 8.3 – TI Fluid Systems plc

FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”) 1.        KEY INFORMATION(a)   Full name of discloser: Man Group PLC(b)   Owner or controller of interests and short positions disclosed, if different from 1(a):        The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.  (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:        Use a separate form for each offeror/offeree TI Fluid Systems plc(d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  (e)   Date position held/dealing undertaken:        For an opening position...

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Interim report Q3 2023/24

Roblon’s revenue and earnings for the first three quarters of 2023/24 were in line with expectations Selected financial highlightsThe Group’s order intake amounted to DKKm 274.4 in Q1-Q3 2023/24 (DKKm 233.8). At 31 July 2024, the Group’s order book amounted to DKKm 99.5 (DKKm 97.9). Revenue of DKKm 249.8 (DKKm 250.1). Gross margin of 53.1% (48.5%). Operating profit before depreciation, amortisation and impairment and special items (EBITDA) of DKKm 13.1 (DKKm 3.8). Operating loss before special items (EBIT) of DKKm 6.2 (a loss of DKKm 16.7). Financial items amounted to a net expense of DKKm 3.0 (net expense of DKKm 4.0). Loss before tax of DKKm 9.3 (loss of DKKm 20.8). Net cash inflow from operations of DKKm 34.2 (DKKm 31.7).Initiation of process to divest Roblon’s US subsidiary In a separate announcement released on 16 September...

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Correction: Compagnie de l’Odet : Results in line with expectations after significant changes in scope

 First-half 2024 results September 16, 2024  Results in line with expectations after significant changes in scopeChanges in the scope of consolidation and reclassifications to discontinued operations and assets held for sale in accordance with IFRS 5 include:–        Bolloré Logistics, sold on February 29, 2024, reclassified in 2023 as a business held for sale; –        Lagardère, fully consolidated by Vivendi as of December 1, 2023; –        Editis, deconsolidated since June 21, 2023 and sold on November 14, 2023.Revenue: 10,591 million euros, +4% at constant scope and exchange rates. Adjusted operating income (EBITA (1) (2)): 611 million euros, +10% (3), driven by Communications, despite declining results in Oilfield Logistics and Industry.Net income: 3,869 million euros compared to 207 million euros...

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FTI Consulting Launches Cybersecurity Practice in Spain with Appointment of Oliver Gower

Appointment Expands Existing Capabilities in the Market to Align with the Firm’s Global Cybersecurity Offerings MADRID, Sept. 17, 2024 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE: FCN) today announced the launch of the firm’s Cybersecurity practice in Spain with the appointment of Oliver Gower as a Senior Managing Director. Mr. Gower joins FTI Consulting from Banco Santander, where he was Head of the Global Cyber Emergency Response Team, following earlier roles at the bank as Global Head of Cyber Investigations and Forensics and Global Head of Public-Private Partnerships. Whilst at Banco Santander, he built the first global response capability for cybersecurity, overseeing incident response, complex investigations, forensics, insider threat and cyber intelligence activities worldwide. In his role at FTI Consulting, Mr. Gower...

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Treatment.com AI and SPRYT Join Forces to Improve Patient Access to Healthcare Services

SPRYT has developed an AI receptionist called Asa – Medical Office Assistant (MOA) in your pocket Patients communicate with Asa via standard messaging apps such as WhatsApp and SMS/RCS. No app download required 25% of healthcare spending in the USA stems from administrative tasks such as billing and scheduling. This is over $1Trillion/yr Cost of missed appointments in the US alone is $150 Billion/yr Combining with Treatment AI’s Global Library of Medicine will look to create one of the world’s first AI powered patient onboarding and triaging tools at the time of bookingVANCOUVER, British Columbia, Sept. 17, 2024 (GLOBE NEWSWIRE) — Treatment.com AI Inc. (CSE: TRUE, OTC: TREIF, Frankfurt: 939) (“Treatment”) is pleased to announce it has signed a Collaborative Agreement with SPRYT Limited (“SPRYT”). Both innovative...

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Svitzer places order to build the world’s first battery electric methanol tug

Battery-methanol tug renderingRendering of Svitzer’s new battery-methanol tugSvitzer has contracted Uzmar shipyard to build a first of its kind battery-methanol tug for delivery in H2 2025. The 6MWh battery-powered tug will be deployed in Gothenburg and provide zero-emission services across a quarter of Svitzer’s operations in the port. Copenhagen, 17 September 2024: Svitzer, a leading global towage provider, has today announced that it has signed a contract with the Turkish shipyard Uzmar to build a world-first battery-methanol tug. The tug will be based on Svitzer’s innovative TRAnsverse tug design and feature a 6MWh battery supported by dual fuel methanol engines for back-up and range extension. The escort duty tug is expected to conduct more than 90% of its operations using its battery-electric powertrain and conduct...

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Nokia launches industry’s most modern data center automation platform built for the AI era

Press releaseNokia launches industry’s most modern data center automation platform built for the AI eraNokia Event-Driven Automation platform aims to reduce network disruptions and service downtime by driving human error in network operations to zero. Multivendor solution brings a modern intent-based approach to network automation, building on Kubernetes. Features digital twin capabilities, GenAI assistance, and integration with wide range of IT service management systems, event notification systems, and cloud management platforms. Decreases operational effort up to 40% by simplifying data center life cycle operations.17 Sept 2024Espoo, Finland – Nokia today announces the availability of its AI era, Event-Driven Automation (EDA) platform. Nokia EDA raises the bar on data center network operations with a modern approach that builds...

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WTW launches first-to-market document protection platform

Indigo Vault protects electronic documents against insider threats and cyber theft, using end-to-end post quantum encryption LONDON, Sept. 17, 2024 (GLOBE NEWSWIRE) — WTW, (NASDAQ: WTW), a leading global advisory, broking, and solutions company has launched Indigo Vault, a first-to-market document protection platform that provides advanced cybersecurity for sharing and storage of business sensitive files. The platform is a combination of cloud and local document management systems, that provides protection against insider threats, AI system exposure and cyber theft, by ensuring documents and assets such as Word, Excel spreadsheets, PowerPoint presentations, PDFs and Outlook messages are protected and controlled, while providing minimal disruption to the user. Using WTW-patented, end-to-end quantum resistant security, Indigo Vault...

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