IQE PLC raised £81 million through a strategic investment from MACOM and other funding, strengthening its balance sheet and securing its Taiwanese operations. The deal includes long-term supply agreements with MACOM, enabling IQE to scale production of key semiconductor technologies used in AI data centers, such as indium phosphide and gallium nitride. Following strong sector momentum driven by Nvidia's investments, IQE expects £97 million revenue in 2025 and improved earnings forecasts. Despite raising its target price to 40p, Panmure Liberum downgraded IQE's rating to 'hold' due to recent share price gains, emphasizing the need for consistent cash generation.
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...
