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ONWARD Medical Launches Capital Increase for Indicative Amount of EUR 50 Million
Globenewswire· 2025-10-22 15:49
Core Viewpoint - ONWARD Medical N.V. is launching a capital increase through a private placement aimed at raising approximately EUR 50 million to support its operations and development initiatives in neurotechnology for spinal cord injuries and movement disabilities [1][2]. Summary by Sections Private Placement Overview - The private placement will involve the issuance of new ordinary shares with a nominal value of EUR 0.12 each, offered to qualified institutional investors [1][3]. - The final number of shares and the issue price will be determined through a bookbuilding process, which is expected to last one business day [4][5]. Use of Proceeds - The net proceeds from the private placement will be allocated as follows: - 40% for product development, clinical studies, and regulatory activities for the ARC-IM System - 30% to expand sales and operations for the ARC-EX System - 20% to support quality and administrative activities - 5% for working capital and general corporate purposes - 5% to cover financing costs, including existing debt obligations [2][6]. Trading and Regulatory Aspects - Trading of ONWARD Medical's shares will be temporarily suspended on Euronext Brussels, Amsterdam, and Paris during the bookbuilding period to facilitate broader investor participation [5][7]. - The new shares are expected to be listed and admitted to trading on October 28, 2025, with payment and delivery occurring on the same day [9]. Company Background - ONWARD Medical is a leading neurotechnology company focused on therapies to restore movement and independence in individuals with spinal cord injuries and other movement disabilities [11]. - The company has developed the ARC Therapy and has received multiple Breakthrough Device Designations from the FDA for its products [11].
Announcement from Orkuveita Reykjavíkur
Globenewswire· 2025-10-22 15:46
Core Insights - Norðurál, a major customer of ON Power, is experiencing a production halt due to a malfunction at its plant in Grundartangi, which will impact ON Power's operations [1] Company Impact - The malfunction at Norðurál's plant will lead to a partial halt in smelting production [1] - Communication between ON Power and Norðurál has been effective since the incident occurred, although the full extent of the impact is still being assessed [1]
KLÉPIERRE: EARNINGS GUIDANCE UPGRADED AND GROWING OPERATING MOMENTUM YEAR-TO-DATE
Globenewswire· 2025-10-22 15:45
PRESS RELEASE EARNINGS GUIDANCE UPGRADED AND GROWING OPERATING MOMENTUM YEAR-TO-DATE Paris — October 22, 2025 Klépierre, the leading REIT with exclusive focus on shopping malls in continental Europe, today releases its trading update for the first nine months of 2025(1), as it moves into the final quarter of 2025 with confidence and optimism. The Group is set to deliver another year of growth from net rental income to net current cash flow and is revising its 2025 guidance upwards, with EBITDA(2) growth e ...
Kering: Press release - 2025 Third-quarter revenue
Globenewswire· 2025-10-22 15:45
Core Insights - Kering's third-quarter revenue for 2025 was €3,415 million, reflecting a 10% decline as reported and a 5% decrease on a comparable basis [2][3][28] - The company is focused on a turnaround strategy to enhance the performance of its brands and regain market prominence [2][3] Revenue Performance - The third-quarter revenue decline of 5% on a comparable basis shows a significant improvement from a 15% drop in the second quarter of 2025 [3] - For the first nine months of 2025, Kering generated revenue of €11.0 billion, down 14% as reported and down 12% on a comparable basis [3][28] Brand-Specific Performance - **Gucci**: Revenue was €1,343 million, down 18% as reported and down 14% on a comparable basis. Retail sales decreased by 13% on a comparable basis, but there was improved momentum in North America and Western Europe [4][5] - **Yves Saint Laurent**: Revenue reached €620 million, down 7% as reported and down 4% on a comparable basis. The brand saw a return to growth in North America and a slight decline in Western Europe [7] - **Bottega Veneta**: Revenue totaled €393 million, down 1% as reported but up 3% on a comparable basis, with strong growth in the retail network driven by North America [8] - **Other Houses**: Revenue was €652 million, down 5% as reported but up 1% on a comparable basis, with stable retail sales and improved wholesale revenue [10] Segment Performance - **Kering Eyewear and Corporate**: Revenue was €448 million, up 2% as reported and up 6% on a comparable basis, with solid growth across key regions [12][13] - **Jewelry Houses**: Experienced double-digit revenue growth, particularly in the U.S. and Asia-Pacific markets [11] Strategic Developments - Kering and L'Oréal announced a strategic partnership in luxury beauty and wellness, valued at €4 billion, expected to close in the first half of 2026 [20] - Luca de Meo officially began his role as CEO on September 15, 2025, with a focus on enhancing the company's performance [17]
Michelin: Group sales at Sept.30 decreased by 4.4% year on year. On October 13, following a deterioration mainly relating to North America, the Group issued a press release revising its guidance for full-year 2025.
Globenewswire· 2025-10-22 15:45
Clermont-Ferrand – October 22, 2025 – 5:45 pm COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELINFinancial information for the nine months ended September 30, 2025 Group sales for the nine months to end-September 2025 decreased by 4.4% year on year.On October 13, following a deterioration in the third quarter, mainly relating to North America, the Group issued a press release revising its guidance for full-year 2025. The overall performance of the Tire markets during the period primarily reflects a contraction ...
Fnac Darty: LFL revenue up +1.6% in Q3 2025 and +1.0% in 9M 2025
Globenewswire· 2025-10-22 15:45
Core Insights - The company reported a solid performance in Q3 2025, with revenue increasing by +34.6% on a reported basis and +1.6% on a like-for-like (LFL) basis compared to Q3 2024, driven by strong growth in services and online sales [4][2][5] - The outlook for 2025 has been confirmed, with expectations for a comparable operating margin rate to increase by 15 basis points to 2.0% by December 31, 2025 [23][6] Financial Performance - Q3 2025 revenue reached €2,488.3 million, marking a +34.6% increase on a reported basis and a +1.6% increase on a like-for-like basis compared to Q3 2024 [4][5] - For the first nine months of 2025, revenue totaled €6,968.1 million, up +33.0% on a reported basis and +1.0% on a like-for-like basis compared to the same period in 2024 [5][6] - The gross margin rate increased by +50 basis points compared to the end of September 2024, primarily due to the growing contribution from services [5][6] Sales Channels - Online sales rose by +7.6% compared to the first nine months of 2024, representing 20% of the Group's total sales [6][8] - Omnichannel sales, particularly Click & Collect, also saw an increase during this period [6] Geographic Performance - In France, LFL revenue increased by +0.9% for the first nine months of 2025, with a dynamic third quarter showing +1.7% growth [12][15] - The Rest of Europe experienced a +1.0% increase in LFL revenue for the first nine months of 2025, with notable growth in Portugal (+6.5%) and Spain (+6.2%) [15][12] Product Categories - Services continued to show solid growth across most regions, while domestic appliances and consumer electronics faced mixed results [9][11] - The launch of the Switch 2 console contributed positively to editorial products, although book sales declined due to a sluggish market [10][11] Strategic Initiatives - The company is expanding its presence in Portugal with the launch of the Darty brand and plans to open over 30 stores by 2030 [14][15] - A new logistics and after-sales service platform has been inaugurated in France to enhance customer experience and support growth in subscriptions [18][19]
Glidelogic Expands Its AI Advisory Capabilities with the Launch of Policy Intelligence Suite - Enhancing ResearchMind into a Macro-Policy and Strategic Scenario Advisory Platform 
Globenewswire· 2025-10-22 15:31
Core Insights - Glidelogic Corp. has launched its Policy Intelligence Suite, enhancing its capabilities as an AI-driven advisory and consulting firm that integrates policy foresight, macroeconomic modeling, and compliance intelligence [1][4][10] - The launch coincides with the CCP Fourth Plenary Session, where strategies for China's 15th Five-Year Plan (2026–2030) are being developed, allowing organizations to convert complex policy signals into actionable insights [2][5] Company Overview - Founded in 2020 and headquartered in Las Vegas, Glidelogic Corp. focuses on the intersection of capital, technology, and compliance, providing clients with tools to transition from information to actionable insights [10][11] - The Policy Intelligence Suite is built on the ResearchMind AI infrastructure, expanding advisory capabilities to include macro-policy forecasting and scenario simulation [3][4] Product Features - The Policy Intelligence Suite aids clients in navigating the complexities of policy, capital, and technology, transforming data into actionable intelligence for strategic decision-making [4][6] - It supports four core advisory domains: national and regional planning trends, corporate and investment decision support, cross-border strategy and compliance intelligence, and governance and transparency [7] Strategic Themes of the 15th Five-Year Plan - The internal study titled "Forecasting China's 15th Five-Year Plan (2026–2030)" identifies eight strategic themes that will shape China's policy framework through 2030, including innovation-driven growth, regulatory harmonization, and green transition [6][8][16] - The report predicts GDP growth of 4.0–4.5%, R&D intensity around 3%, and non-fossil energy to reach approximately 25% by 2030, emphasizing the balance of innovation, security, and sustainability [16]
Gray Media Names Jon Pollard as General Manager of WTOK in Meridian, Mississippi
Globenewswire· 2025-10-22 15:30
ATLANTA, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Gray Media has named Jon Pollard as the next General Manager of WTOK, Gray’s ABC, CW, and Telemundo affiliates in Meridian, Mississippi, effective November 3, 2025. Jon has twenty years of experience in the broadcast television industry. He most recently led WMDN/WGBC; the CBS, NBC, FOX affiliates in East Mississippi, while operating a regional hub of 18 digital streams in Meridian. He also served as Vice President and General Manager for Waypoint Media’s Fox affi ...
UFC® and Smith+Nephew announce multi-year extension of partnership
Globenewswire· 2025-10-22 15:30
Smith+Nephew to continue as UFC’s Preferred Sports Medicine Technology Partner Smith+Nephew (LSE:SN, NYSE:SNN), the global medical technology company, and UFC the world’s premier mixed martial arts organization, have announced a multi-year extension of their landmark worldwide marketing partnership forged in 2024. Under the renewal, Smith+Nephew will continue as UFC’s Preferred Sports Medicine Technology Partner, a designation it received as UFC’s inaugural partner in that category, to activate its brand a ...
Smart Shading Made Simple: Allesin Introduces Prestige Motorized Day/Night Honeycomb Shades
Globenewswire· 2025-10-22 15:26
NEW YORK, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Allesin is bringing year-round energy savings to American households with the launch of its Prestige Motorized Day/Night Honeycomb Shades. According to a report from the U.S. Department of Energy, honeycomb shades can cut overall energy use by up to 15% compared to bare windows. Designed for intelligent living, Allesin smart shades help keep homes warm in winter and cool in summer—reducing heating and cooling loads while providing full control over light and priva ...