Day: June 12, 2025
Driven by Stable Legacy Sales and Ongoing Cost Savings Initiatives
MARTINSVILLE, Va., June 12, 2025 (GLOBE NEWSWIRE) — Hooker Furnishings Corporation (NASDAQ-GS: HOFT) (the “Company” or “HFC”), a global leader in the design, production, and marketing of home furnishings for 101 years, today reported its operating results for its fiscal 2026 first quarter ended May 4, 2025.
Key Results for the Fiscal 2026 First Quarter:The Company lowered its operating loss by $1.6 million, or 31%, from the prior year first quarter to $3.6 million, driven by cost-saving initiatives launched in the second half of last year and despite reduced net sales in the quarter.The Company reduced operating expenses by $2.2 million versus the prior year first quarter. This reduction occurred despite the first quarter fiscal 2026 results including $523,000...
Mowi ASA (OSE:MOWI): Signed EUR 2,600 million sustainability-linked credit facility agreement
Written by Customer Service on . Posted in Public Companies.
Mowi has today signed a EUR 2,600 million five-year sustainability-linked multicurrency revolving credit facility agreement with DNB, Nordea, Rabobank, ABN AMRO, Danske Bank, SEB and Crédit Agricole. The facility will be used to refinance existing bank debt and for general corporate purposes.
The principal financial covenant of the facility is a minimum equity ratio of 35%, and the facility includes an accordion increase option which provides flexibility for the parties to agree to increase the size of the facility by an additional EUR 400 million during the term of the facility. The facility supports Mowi’s goal of 100% green or sustainable financing. Interest on the facility is linked to Mowi’s performance against sustainability KPIs which are consistent with Mowi’s overall ESG strategy.
The refinancing is subject to customary closing...
Kaldvík AS: Redelivery of borrowed shares to person closely associated with primary insider
Written by Customer Service on . Posted in Public Companies.
Frøya, 12 June 2025: Reference is made to the stock exchange announcement by Kaldvík AS (the “Company”) on 5 June 2025 regarding share lending by Austur Holding AS in connection with the private placement of new shares in the Company (the “Private Placement”).
The share capital increase pertaining to tranche 1 of the Private Placement has now been registered, as announced by the Company yesterday on 11 June 2025, and the 1,724,097 shares that were lent out by Austur Holding AS, a close associate to Lars Måsøval, a primary insider in the Company, have now been redelivered to Austur Holding AS.
For more information about the redelivery of the lent shares, see the attached form of notification.
This information is subject to the disclosure requirements pursuant to MAR article 19 and Section 5-12 the Norwegian Securities...
Form 8.5 (EPT/RI)-Ricardo PLC
Written by Customer Service on . Posted in Public Companies.
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the “Code”)
1. KEY INFORMATION(a) Name of exempt principal trader:
Investec Bank plc(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree
Ricardo plc(c) Name of the party to the offer with which exempt principal trader is connected:
Investec is Joint Advisor and Joint Broker to Ricardo plc(d) Date dealing undertaken:
11th June 2025(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer,...
NewHydrogen’s Plan to Win the Green Hydrogen Race
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The Company’s ThermoLoop™ technology is being developed to replace expensive electrolyzers and could upend a $12 trillion market with a flood of the world’s cheapest green hydrogen
SANTA CLARITA, Calif., June 12, 2025 (GLOBE NEWSWIRE) — NewHydrogen, Inc. (OTCQB: NEWH), developer of ThermoLoop™, a technology that uses water and heat to produce the world’s cheapest green hydrogen, today described its plan to replace expensive electrolyzers and win the renewable hydrogen race.
NewHydrogen CEO Steve Hill said, “Today, using electrolyzers is the only commercially available way to split water to produce renewable hydrogen. Electrolyzers have dominated the headlines, but their reign may be coming to an end. The time has come to kill electrolyzers!”
“The renewable hydrogen industry’s heavy bet on electrolysis is holding it...
NXP and Rimac Technology Co-Develop Centralized Vehicle Architecture for Advanced Domain and Zonal Control
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NXP and Rimac Technology Co-Develop Centralized Vehicle Architecture for Advanced Domain and Zonal ControlNXP and Rimac Technology’s jointly developed architecture provides an easy-to-use platform that allows the development and efficient integration of many different vehicle applications such as vehicle dynamics and charging control, energy and thermal management, and body electronics. The S32E2, at the heart of it, allows the consolidation of over 20 ECUs into just three centralized units.Rimac Technology is the first to deploy NXP’s S32E2 real-time processor series in its upcoming next-generation ECU platform for software-defined vehicles (SDV)
NXP and Rimac’s jointly developed centralized architecture consolidates more than 20 electronic control units into just three centralized units
Collaboration enables OEMs to adopt SDV...
Aerospace and defense leaders are prioritizing digital continuity to tackle industry disruption
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Press contact: Florence Lièvre Tel.: +33 1 47 54 50 71Email: florence.lievre@capgemini.com
Aerospace and defense leaders are prioritizing digital continuity to tackle industry disruption77% of aerospace and defense leaders believe improving digital continuity will accelerate production ramp-up as it drives shorter time to market, with a 13% reduction on average
More than 8 out of 10 (86%) defense organizations recognize the need to integrate AI and gen AI in engineering and product development Paris, June 12 2025 – The Capgemini Research Institute’s latest report, ‘The strategic edge: How digital continuity drives business outcomes in aerospace and defense,’ published today, finds that digital continuity1 – the seamless integration of data and information across all stages of the product lifecycle and linked to the external partner...
Orange: Orange intends to issue a new series of Euro-denominated hybrid notes and to launch a tender offer on some of its outstanding hybrid notes
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Press releaseParis, 12 June 2025
NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA
Orange intends to issue a new series of Euro-denominated hybrid notes and to launch a tender offer on some of its outstanding hybrid notes
Orange S.A. (the Company) is today announcing its intention to issue Euro denominated undated deeply subordinated fixed to reset rate notes with a first call date as of 24 June 2032 (the New Notes).
The pricing of the New Notes is expected to be announced later today. The New Notes are intended to be admitted to trading on Euronext Paris. It is also expected that the rating agencies will assign the New Notes a rating of BBB-/Baa3/BBB- (S&P / Moody’s / Fitch) and an equity content of 50%.
The Company is also launching a tender offer (the Tender Offer) to repurchase:its €1.25 billion Undated 12 Year Non-Call...
Clariane completes its plan to strengthen its financial structure with the disposal of its Petits-fils home care services network
Written by Customer Service on . Posted in Mergers And Acquisitions.
Press release June 12th, 2025 Clariane completes its plan to strengthen its financial structure with the disposal of its Petits-fils home care services networkParis, June 12th, 2025 – Clariane (CLARI.PA – ISIN FR0010386334), announces today the signing of an agreement for the disposal of its Petits-fils network to Crédit Agricole Santé & Territoires for a gross disposal value of €345 million. Subject to the fulfillment of customary conditions precedent, the closing of this transaction is expected to take place in the third quarter of 2025.
The disposal of the Petits-fils network, the terms of which were set following a competitive process, completes, six months ahead of schedule, the implementation of the plan announced by Clariane on 14 November 2023 to strengthen its financial structure. This plan...
Results for the year ended 31 March 2025
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
PayPoint PlcResults for the year ended 31 March 2025
Further progress towards £100m EBITDA by end of FY26
New targets established for the Group for the next three years, including share buyback programme increased and extended to at least £30 million per annum till the end of FY28
GROUP FINANCIAL HIGHLIGHTSUnderlying EBITDA1 of £90.0 million (FY24: £81.3 million) increased by £8.7 million (10.7%)
Underlying profit before tax2 of £68.0 million (FY24: £61.7 million) increased by £6.3 million (10.2%)
Net corporate debt7 of £97.4 million increased by £29.9 million from opening position of £67.5 million, reflecting previously announced investments and the ongoing share buyback programme
Final dividend of 19.6 pence per share declared vs the final dividend for the year ended 31 March 2024 of 19.2 pence per share
Year ended 31...