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GENFIT Annual Combined General Meeting of June 17, 2025 — Availability of Preparatory Documents
GlobeNewswire News Room· 2025-05-07 20:10
Lille (France); Cambridge (Massachusetts, United States); Zurich (Switzerland); May 7, 2025 - GENFIT (Nasdaq and Euronext: GNFT), a biopharmaceutical company dedicated to improving the lives of patients with rare and life-threatening liver diseases, today announced that it published in the May 7, 2025 French legal announcements bulletin n°55 (Bulletin des Annonces Légales Obligatoires) its convening notice that the Combined Shareholders Meeting will be held on June 17, 2025, at 10:00 am (CET), at the Facult ...
Mercury General Q1 Loss Narrower Than Expected, Revenues Rise Y/Y
ZACKS· 2025-05-07 15:11
Core Viewpoint - Mercury General Corporation (MCY) reported a narrower operating loss of $2.29 per share for Q1 2025, compared to a loss of $4.00 estimated by Zacks Consensus, and a prior-year operating income of 78 cents per share [1] Operational Update of MCY - Total operating revenues for the quarter were $1.4 billion, reflecting a 10.9% year-over-year increase, although it missed the consensus estimate by 4.4% [2] - Net premiums earned rose 10% year over year to $1.3 billion, falling short of the Zacks Consensus Estimate of $1.4 billion [2] Investment Income and Expenses - Net investment income before income taxes increased by 25.3% year over year to $81.5 million, surpassing the Zacks Consensus Estimate of $65 million [3] - Total expenses rose 29.6% year over year to $1.5 billion, driven by higher losses, loss adjustment expenses, and policy acquisition costs [3] Catastrophe Losses and Ratios - Catastrophe losses net of reinsurance amounted to $447 million, significantly higher than a loss of $72 million in the prior-year quarter, primarily due to Southern California wildfires [4] - The combined ratio deteriorated by 1,830 basis points year over year to 119.2, with the loss ratio worsening by 1,760 basis points to 95.1 [4] Financial Update of MCY - As of March 31, 2025, total assets were $9 billion, an increase of 8.6% from the end of December 2024, with a cash balance of $1.2 billion, up 78.3% [5] - Shareholder equity decreased by 6.5% to $1.8 billion, and book value per share was $32.87, down 6.4% year over year [6] Dividend Update - The board of directors declared a quarterly dividend of 31.75 cents per share, payable on June 26, 2025, to shareholders of record as of June 12, 2025 [7] MCY Zacks Rank - MCY currently holds a Zacks Rank of 3 (Hold) [8]
JFB Construction Holdings Awarded $18 Million Contract as General Contractor for Co-Developed New Courtyard by Marriott in Olive Branch, MS
GlobeNewswire News Room· 2025-05-07 12:00
Construction in Olive Branch, Miss. expected to commence by June 2025 Lantana, Fla., May 07, 2025 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB), a construction company focused on commercial, retail, and residential property development ("JFB" or the "Company"), today announced that it has signed a construction contract to develop a project for Marriott Hotels valued at $18 million. The project is the new construction of a Courtyard by Marriott with 117 rooms in Olive Branch, Mississippi. The c ...
Suncor Energy Reports Voting Results from Annual General Meeting
Newsfile· 2025-05-06 20:30
Core Points - Suncor Energy held its Annual General Meeting in Calgary, with approximately 70.29% of outstanding common shares represented [1] - The company is Canada's leading integrated energy company, involved in oil sands development, offshore oil production, petroleum refining, and renewable energy investments [3] Shareholder Votes - Eleven board members were elected, with voting percentages for individual directors ranging from 94.68% to 99.19% [5] - KPMG LLP was appointed as Suncor's auditors [5] - Management's approach to executive compensation was approved with 97.06% of shares voting in favor [5] - A resolution to commission a report on the impacts and costs of achieving Net Zero by 2050 was denied, with 98.50% voting against it [5]
General Motors and Adapting to Tariffs
The Motley Fool· 2025-05-06 16:05
Core Viewpoint - General Motors (GM) anticipates a significant impact from tariffs, estimating a potential loss of $5 billion, yet remains optimistic about profitability in 2025 [1] Group 1 - GM is adapting to the challenges posed by tariffs by shifting some production to the U.S. [1] - The company is leveraging its strong market share in large trucks and SUVs to maintain profitability [1]
Voting results of the 2025 Annual General Meeting of Technip Energies
GlobeNewswire News Room· 2025-05-06 16:00
Technip Energies (PARIS:TE) (the “Company”), a global technology & engineering powerhouse leading in energy and decarbonization infrastructure, announced today that all resolutions submitted for shareholders’ approval at the 2025 annual general meeting were adopted. All resolutions on the agenda were approved by shareholders with more than 83% of the votes, including adoption of the 2024 financial statements and the proposed dividend of EUR 0.85 per outstanding ordinary share for the 2024 financial year. T ...
Outcome of Syensqo's 2025 Annual General Meeting
GlobeNewswire News Room· 2025-05-06 15:45
Outcome of Syensqo’s 2025 Annual General Meeting Brussels, Belgium – May 6, 2025 - 17:45 CEST Syensqo held its Annual General Shareholders’ Meeting today. Shareholders voted in favor of all the resolutions proposed. Rosemary Thorne, Chair of the Board of Directors, reflected on the company's first full year post-demerger, highlighting strategic initiatives undertaken in 2024 to strengthen its foundation amid macroeconomic uncertainties. Key initiatives included cost controls, capacity investments, a share ...
Premium Announces Intention to List on the NASDAQ and Provides Details for Upcoming Annual General & Special Meeting
Newsfile· 2025-05-06 13:10
Premium Announces Intention to List on the NASDAQ and Provides Details for Upcoming Annual General & Special MeetingMay 06, 2025 9:10 AM EDT | Source: Premium Resources Ltd.Toronto, Ontario--(Newsfile Corp. - May 6, 2025) - Premium Resources Ltd. (TSXV: PREM) (OTC Pink: PRMLF) ("PREM" or the "Company") announces that the Company's 2025 Annual General and Special Meeting of Shareholders (the "AGSM") will be held in-person at 15th Floor, 1111 West Hastings Street, Vancouver, BC, V6E 2J3, on Tues ...
General Motors Prices $2.0 Billion of Senior Unsecured Notes
Prnewswire· 2025-05-05 21:22
DETROIT, May 5, 2025 /PRNewswire/ --General Motors (NYSE: GM) announced today the pricing of three series of senior unsecured fixed rate notes for a total of $2.0 billion. These notes include $750.0 million of 5.350% notes due in 2028, $750.0 million of 5.625% notes due in 2030 and $500.0 million of 6.250% notes due in 2035. The offering is expected to settle on May 7, 2025.GM intends to use the net proceeds from the sale of the notes for general corporate purposes, including to refinance a portion of the $ ...
Legal & General Group Plc: Capital-Efficient Machine
Seeking Alpha· 2025-05-05 21:07
Legal & General Plc ( OTCPK:LGGNF ) is one of the UK's largest financial services companies with three separate business arms: Institutional Retirement, Asset Management and Retail. There are many things to be positive about this company such as its capital-efficient policies thatI am currently working as an investment analyst at a family office. My specialty is identifying high-quality and/or severely mispriced investment ideas. I believe that a great investment idea would "jump" at you intuitively and it ...