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AMG Reports Financial and Operating Results for the Third Quarter and Nine Months Ended 2025
Globenewswire· 2025-11-03 11:59
Company reports Diluted EPS of $6.87, Economic EPS of $6.10 in the third quarter of 2025 Net client cash inflows of approximately $9 billion in the third quarter and approximately $17 billion in the year to date, driven by ongoing momentum in alternative strategiesNet Income (controlling interest) of $212 million includes gain of approximately $100 million on Peppertree transaction(i)Economic Earnings per share of $6.10 in the third quarter, reflecting growth of 27% relative to the prior-year quarterStrateg ...
Teck Highlights Progress on Quebrada Blanca Ramp up, Pathway to Full Potential, and Value Delivery to Shareholders from Merger
Globenewswire· 2025-11-03 11:59
Opportunity to create one of the largest global copper complexesSANTIAGO, Chile, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) provided an update on its roadmap to long-term value creation, including progress ramping up Quebrada Blanca (QB) and the Company’s proposed merger with Anglo American plc (“Anglo American”) inclusive of the potential benefits of combining QB and Collahuasi to create one of the largest global copper complexes, during an invest ...
Stardust Power Strengthens U.S. Lithium Supply Chain with Mandrake Lithium
Globenewswire· 2025-11-03 11:56
GREENWICH, Conn., Nov. 03, 2025 (GLOBE NEWSWIRE) -- Stardust Power Inc. (NASDAQ: SDST) (“Stardust Power” or the “Company”) an American developer of battery-grade lithium carbonate, announced today that it has entered into a Letter of Intent (“the Agreement”) with Mandrake Resources Limited to secure 7,500 metric tons per annum of lithium carbonate equivalent (“LCE”) in the form of lithium chloride from Mandrake’s Utah Lithium Project (“Utah” project). The lithium chloride will feed directly into Stardust Po ...
Aecon Utilities agrees to acquire high-voltage testing, commissioning and metering solutions contractor KPC
Globenewswire· 2025-11-03 11:55
TORONTO, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Aecon Group Inc. (TSX: ARE) (“Aecon” or the “Company”) announced today that its subsidiary, Aecon Utilities Group Inc. (“Aecon Utilities”), has entered into a definitive share purchase agreement to acquire K.P.C. Power Electrical Ltd. and K.P.C. Energy Metering Solutions Ltd. (collectively, “KPC”), headquartered in Ontario (the “Transaction”). The Transaction will be financed through Aecon Utilities’ standalone committed revolving credit facility and is subject to ...
Verisk Estimates Insured Losses for Hurricane Melissa Will Range Between USD 2.2 Billion to USD 4.2 Billion
Globenewswire· 2025-11-03 11:53
Core Insights - Hurricane Melissa has set records as the most intense hurricane to make landfall in Jamaica and is tied for the most intense hurricane globally since recordkeeping began in 1851 [1][11] - Estimated industry insured losses from Hurricane Melissa in Jamaica are projected to range from USD 2.2 billion to USD 4.2 billion, primarily due to wind damage [1] Meteorological Overview - Hurricane Melissa formed on October 21 and underwent rapid intensification on October 25, reaching maximum sustained winds of 185 mph and a minimum central pressure of 892 mb before making landfall in Jamaica on October 28 [2] - After landfall, Melissa weakened to Category 4 strength and subsequently made landfall in eastern Cuba on October 29, further weakening to Category 1 [3] Damage Assessment - Significant damage was reported in St. Elizabeth parish, with 80-90% of roofs destroyed in some neighborhoods [5] - Both non-engineered residential buildings and engineered commercial buildings experienced similar levels of damage, with widespread impacts across various types of structures [6] - Major damage from wind, storm surge, and precipitation-induced flooding was also reported in Montego Bay and eastern Jamaica, including Kingston [7] Building Codes and Resilience - Jamaica's residential building inventory is predominantly masonry (70%), with informal construction practices leading to significant damage during a Category 5 hurricane [4] - The National Building Code, developed in 2003, includes wind design speed requirements, but enforcement has historically been weak; however, the 2019 Building Act aims to improve this [10] Insurance Landscape - Insurance take-up rates in Jamaica are low, with residential coverage below 20%, and many insured properties are underinsured [11] - Verisk's loss estimates do not account for various factors, including losses from uninsured properties and infrastructure [13]
UMF-Shanghai Adapted Index Application Report released to drive innovative transformation for urban sustainable development
Globenewswire· 2025-11-03 11:51
BOGOTA, Colombia, Nov. 03, 2025 (GLOBE NEWSWIRE) -- On October 31 (local time), the UMF-Shanghai Adapted Index Application Report (English version) was released at the opening ceremony of the global observance of the 2025 World Cities Day held in Bogota, Colombia. A Media Snippet accompanying this announcement is available by clicking on this link. The global launch came days after the release of the report's Chinese version by Kazuko Ishigaki, regional representative of the UN-Habitat's Asia and Pacific o ...
MT Højgaard Holding A/S: Enemærke & Petersen to construct two residential facilities in the ByK & TRUST partnership
Globenewswire· 2025-11-03 11:50
MT Højgaard Holding's business unit Enemærke & Petersen has, through the ByK & TRUST partnership, entered into agreements to construct the Rønnebo residential facility in Brønshøj and the Jagtvej residential facility on Nørrebro in Copenhagen. Both residential facilities are being constructed under turnkey contracts with a total value of DKK 320 million. The work on the Rønnebo residential facility includes the construction of approximately 6,300 square meters divided into 64 homes from January 2026 with ex ...
BioNTech Announces Third Quarter 2025 Financial Results and Corporate Update
Globenewswire· 2025-11-03 11:45
Core Insights - BioNTech reported significant progress in its oncology strategy, particularly in advancing its pan-tumor programs and mRNA cancer immunotherapies, with a focus on pumitamig in collaboration with Bristol Myers Squibb [2][4][12] Financial Performance - Revenues for Q3 2025 reached €1,518.9 million, up from €1,244.8 million in Q3 2024, driven primarily by collaboration revenues with Bristol Myers Squibb [4][9] - Year-to-date revenues for 2025 were €1,962.5 million, compared to €1,561.1 million for the same period in 2024 [4] - The net loss for Q3 2025 was €28.7 million, a decline from a net profit of €198.1 million in Q3 2024 [9][10] - Basic and diluted loss per share for Q3 2025 was €0.12, compared to earnings per share of €0.82 in Q3 2024 [10] Research and Development - R&D expenses for Q3 2025 were €564.8 million, slightly higher than €550.3 million in Q3 2024, while year-to-date R&D expenses decreased to €1,599.5 million from €1,642.4 million [5][6] - The company is focusing on late-stage trials for immuno-oncology and antibody-drug conjugate programs, with cost savings from active portfolio management [5] Strategic Developments - BioNTech launched a variant-adapted COVID-19 vaccine for the 2025/2026 season and plans to initiate additional pivotal trials for pumitamig in various cancer types [6][18] - The company has strengthened its financial position with cash and equivalents totaling €16.7 billion, bolstered by a $1.5 billion payment from the Bristol Myers Squibb partnership [6][12] Guidance and Outlook - BioNTech increased its revenue guidance for the full 2025 financial year to a range of €2.6-2.8 billion, while lowering expense guidance for R&D, SG&A, and capital expenditures [12][13] - The company aims to maintain a focus on R&D investments and operational efficiency to support sustainable growth [14]
Descartes Sets Date to Announce Third Quarter Fiscal 2026 Financial Results
Globenewswire· 2025-11-03 11:45
Core Insights - Descartes Systems Group is set to report its third quarter fiscal 2026 financial results on December 03, 2025, after market close [1] - An executive management team conference call will take place at 5:30 p.m. ET on the same day to discuss the financial results [2] - The company will provide an audio webcast of the conference call on its website [3] Company Overview - Descartes is a global leader in providing on-demand, software-as-a-service solutions aimed at enhancing the productivity, security, and sustainability of logistics-intensive businesses [5] - The company offers modular solutions for various logistics processes, including routing, tracking, shipment planning, and customs documentation [5] - Descartes operates from its headquarters in Waterloo, Ontario, Canada, with a global presence through offices and partners [5]
Freshpet CEO to Adopt Rule 10b5-1 Trading Plan
Globenewswire· 2025-11-03 11:31
BEDMINSTER, N.J., Nov. 03, 2025 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (Nasdaq: FRPT) today announced that Billy Cyr, Chief Executive Officer, and various family members and independently managed trusts established for his family, intend to adopt prearranged trading plans in order to exercise options granted in 2016 which expire on September 6, 2026 and to sell shares necessary to cover the exercise price, taxes and various estate planning needs. These plans will not include any ot ...