Gemfields Group Limited held its first commercial-quality emerald auction since December 2025, selling all 44 lots totaling over three million carats for $29.6 million. This auction achieved the highest average price per carat observed since the mine began, at $9.72, though quality differences make direct comparisons difficult. Despite the strong auction results, Gemfields' share price fell 13% to 2.51p. Broker Panmure Liberum maintained a 'buy' rating and a 7.5p price target, slightly raising its 2026 emerald revenue forecast to $29.6 million but keeping EBITDA estimates nearly unchanged. Positive customer feedback and high viewing activity support the outlook, with upcoming interim results and a ruby auction expected soon.
AIBotics has completed the acquisition of NovaCore Labs' assets from PlayJamaica Limited, gaining technology, software, drones, mapping equipment, and customer contracts. This move expands AIBotics' platform in Jamaica and the Caribbean, enhancing AI...
Venture Global is expanding its power business by securing deals with GE Vernova and Baker Hughes to build natural gas-fired power plants for data centers, aiming to meet the high electricity demands of AI systems. The company also plans to grow its ...
Bill Gross, a serial entrepreneur behind over 175 companies, has launched Idealab.ai, a platform using AI to generate and share over 1.2 million business ideas based on real-world problems. The platform aims to lower barriers to entrepreneurship by h...
AIOS Tech Inc. announced an agreement to acquire SmartCore Holdings Limited in an all-stock transaction valued at approximately $100 million. The deal will issue 33.3 million AIOS shares to SmartCore's sellers, who will hold about 80% of AIOS shares ...
The Portnoy Law Firm has launched an investigation into Cardinal Infrastructure Group for possible securities fraud following the company's Q2 2026 financial report. Cardinal revealed a decline in its gross profit margin to 10.8%, down from 13.9% the...
