The Fosun International Financial Center under construction. Photo: Jinan’s CBD administrative committee Fosun International Ltd. has agreed to sell an unfinished skyscraper in eastern China to a local state-backed insurer, as part of its efforts to shed non-core assets and reduce leverage. The Hong Kong-listed company signed a deal earlier this month to transfer the 53-story Fosun International F...
The Fosun International Financial Center under construction. Photo: Jinan’s CBD administrative committee Fosun International Ltd. has agreed to sell an unfinished skyscraper in eastern China to a local state-backed insurer, as part of its efforts to shed non-core assets and reduce leverage. The Hong Kong-listed company signed a deal earlier this month to transfer the 53-story Fosun International Financial Center in Jinan to Fuze Life Insurance Co. Ltd. The sale comes as Fosun continues a multi-year divestment drive launched in 2022 to improve liquidity, with heavy property-related impairments contributing to its net loss last year.
SBC Medical Group Holdings ( SBC ) has announced the pricing of a secondary public offering of 3.10M shares of its common stock by by its founder and selling stockholder, Yoshiyuki Aikawa , at $3.25 per share . The underwriters have a 45-day option to buy up to 465K additional shares. The offering is expected to close on or about April 21, 2026, pending standard closing conditions. The company wil...
SBC Medical Group Holdings ( SBC ) has announced the pricing of a secondary public offering of 3.10M shares of its common stock by by its founder and selling stockholder, Yoshiyuki Aikawa , at $3.25 per share . The underwriters have a 45-day option to buy up to 465K additional shares. The offering is expected to close on or about April 21, 2026, pending standard closing conditions. The company will not sell any shares in the offering and will not receive any of the proceeds. SBC Medical Group ( SBC ) saw a sharp drop in extended trading, plunged nearly 12% to around $3.98 in after-hours trading on Friday. More on SBC Medical Group Holdings SBC Medical Group GAAP EPS of $0.14 beats by $0.03, revenue of $39.57M misses by $5.87M Seeking Alpha’s Quant Rating on SBC Medical Group Holdings Historical earnings data for SBC Medical Group Holdings Financial information for SBC Medical Group Holdings
UK engineering firm Renishaw ( RNSHF ) raised its 2026 revenue and profit forecasts, supported by robust demand from semiconductor and defense customers. The precision engineering company now expects FY revenue between £775M and £805M, while adjusted profit before tax is forecast at around £145M to £165M. The revision follows just over two months after the company previously upgraded its outlook a...
UK engineering firm Renishaw ( RNSHF ) raised its 2026 revenue and profit forecasts, supported by robust demand from semiconductor and defense customers. The precision engineering company now expects FY revenue between £775M and £805M, while adjusted profit before tax is forecast at around £145M to £165M. The revision follows just over two months after the company previously upgraded its outlook alongside interim results. At the time, it projected revenue in the range of £740M to £780M and adjusted pre-tax profit of £132M to £157M. "Whilst we are mindful of ongoing economic and geopolitical uncertainties, our positive momentum has continued in the early part of third quarter, and we are confident of achieving strong growth for the year as a whole," CEO Will Lee said. The upgraded guidance underscores broader industry trends with Renishaw ( RNSHF ) showing revenue growth across segments and improving order intake trends, particularly in semiconductor and defense-linked applications. More on Renishaw plc Renishaw plc 2026 Q2 - Results - Earnings Call Presentation Renishaw plc (RNSHF) Q2 2026 Earnings Call Transcript Historical earnings data for Renishaw plc Dividend scorecard for Renishaw plc Financial information for Renishaw plc
Getty Images By Warren Patterson, Head of Commodities Strategy and Ewa Manthey, Commodities Strategist After a large selloff on Friday, energy markets are stronger this morning as tensions in the Persian Gulf build once again Energy - Strait of Hormuz hopes fade Oil prices are being whipsawed by developments in the Middle East once again, with what appears to be de-escalation quickly turning to re...
Getty Images By Warren Patterson, Head of Commodities Strategy and Ewa Manthey, Commodities Strategist After a large selloff on Friday, energy markets are stronger this morning as tensions in the Persian Gulf build once again Energy - Strait of Hormuz hopes fade Oil prices are being whipsawed by developments in the Middle East once again, with what appears to be de-escalation quickly turning to re-escalation. Iran’s announcement that it would allow commercial vessels to transit the Strait of Hormuz led to an aggressive pullback in oil and gas prices on Friday; ICE Brent fell as much as 13% at one point. The announcement also saw a pickup in vessels transiting the Strait of Hormuz. According to Bloomberg data, 11 tankers crossed the Strait of Hormuz on Saturday, the highest since the beginning of the war. However, developments over the weekend suggest the thaw has been short-lived, with Brent opening stronger this morning. Iran reimposed its restrictions on the Strait of Hormuz after the US kept its blockade in place. After the US seized an Iranian-flagged vessel, there will be doubts over planned peace talks. The US is sending negotiators to Pakistan for peace talks today. Iran, however, has said it doesn’t plan to take part in talks. This is a concern as the two-week ceasefire nears an end. It opens the door to further escalation in the Persian Gulf and higher oil and gas prices. Hopes for de-escalation led speculators to reduce their net long in ICE Brent. Speculators sold 50,858 lots over the last reporting week, leaving them with a net long of 373,412 lots as of last Tuesday. The move was primarily driven by longs liquidating, with holders of these positions selling 38,214 lots. The sharp, rapid swings in the market are creating a challenging environment for participants. Metals – Aluminium volatility persists LME aluminium prices fell by over 5.5% at one point on Friday after Iran announced it would keep the Strait of Hormuz open during a 10-day ceasefire betwe...
Hilary Wardhaugh/Getty Images News Canada's Prime Minister Mark Carney said the country's close ties to the U.S. have turned into weaknesses that must be corrected. "The U.S. has fundamentally changed its approach to trade, raising its tariffs to levels last seen during the Great Depression," Carney said in a video message on Sunday. "Many of our former strengths, based on our close ties to Americ...
Hilary Wardhaugh/Getty Images News Canada's Prime Minister Mark Carney said the country's close ties to the U.S. have turned into weaknesses that must be corrected. "The U.S. has fundamentally changed its approach to trade, raising its tariffs to levels last seen during the Great Depression," Carney said in a video message on Sunday. "Many of our former strengths, based on our close ties to America, have become our weaknesses, weaknesses that we must correct." "We have to take care of ourselves because we can't rely on one foreign partner. We can't control the disruption coming from our neighbors," he added. Carney mentioned his government's "Canada Strong" plan, which aims to catalyze C$1T in investment, create one Canadian economy out of 13, build new trade and energy corridors, and double the size of its clean energy capacity. "I will never sugarcoat our challenges," Carney said. "Instead, I will talk with you directly and regularly about our plan, why we're doing what we're doing, what's working, what isn't." His message came just days after U.S. Commerce Secretary Howard Lutnick slammed Canada's trade strategy and said the U.S.-Mexico-Canada Agreement needs to be "reimagined." " They suck," Lutnick said at a Semafor summit on Friday. "Carney has a problem with us; he gets on a plane and he goes to China. Does he think the Chinese economy is going to buy his stuff? China is an entirely export-driven economy. So what did he do? He came back and said, 'Oh, we'll take their electric cars .' I mean, is this nuts?" "Secretary Lutnick, describing our unfair trade imbalance with Canada, explained how Canada sucks off of our $30T economy," a Commerce Department spokesperson clarified to Semafor , saying his "suck" comment was "misquoted." The USMCA is due for review in July, when the countries will decide on extending the free trade deal. U.S. Trade Representative Jamieson Greer said he plans to reveal Washington's position on the deal on June 1. More on Canada How The ...
Lionsgate Studios Corp. (LION) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Lionsgate Studios Corp. (LION) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.