GB Group PLC saw its shares fall 14.5% to 210p after reporting a statutory pre-tax loss of £74.5 million, mainly due to a £73.1 million non-cash impairment charge. Despite this, the company achieved a 3.2% revenue increase to £285 million and a slight rise in adjusted operating profit to £67.5 million for the year ending 31 March. Growth in the Americas and strong demand for its GBG Go identity and fraud prevention platform are positive signs, with over 100 customers signed and a robust sales pipeline. The company plans to invest an additional £6 million in GBG Go to accelerate development, which will reduce operating margins temporarily but is expected to drive future growth and technology upgrades.
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
