Pearl Diver Credit Company announced a net loss of $22.5 million in Q1 2026, with net asset value per share dropping to $10.48 from $14.42 at the end of 2025. Despite the loss and tighter spreads, the company maintained solid recurring cash flows from its CLO portfolio and declared monthly dividends of $0.13 per share for June through August to preserve capital. The company continues to focus on managing its CLO equity investments to stabilize and grow net asset value amid challenging market conditions. A conference call is scheduled for May 19, 2026, to discuss these results further.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Frasers Group PLC has withheld financial guidance for the upcoming year due to uncertainty around its takeover bids for Hugo Boss and Accent Group. The retailer's full-year adjusted profit before tax fell 4% to £538 million, impacted by asset impairm...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...
A Gaza resident raised over £55,000 on GoFundMe to support his family but faced issues as the platform cannot pay directly to Gaza, forcing funds through intermediaries who failed to deliver the full amount. This highlights a broader problem in human...
