Johnson Matthey PLC is acquiring Cormetech, a US leader in selective catalytic reduction catalysts, for $360 million in cash with an additional earn-out of up to $100 million based on future financial targets. This acquisition significantly expands Johnson Matthey's Clean Air Solutions business, boosting sales above £200 million and improving operating margins. The deal is driven by growing demand for emissions control in US gas-fired power plants, especially linked to data center construction. The acquisition is expected to be earnings accretive from the first full year and will be funded through existing debt, with closing anticipated by mid-2026.
Oil prices have rebounded following recent US military strikes on Iranian targets, which revived concerns over supply disruptions. WTI crude oil rose above $92 and Brent crude surpassed $99, reflecting heightened risk premiums amid ongoing tensions i...
Bitcoin has been declared "dead" 472 times since 2011 across various market cycles, yet it has grown over 70 million percent in value. Despite recent weak sentiment and price corrections, Bitcoin remains resilient. Currently, traders are showing incr...
El Pollo Loco is successfully increasing sales and restaurant-level margins through menu innovation, including bowls, salads, and Baja Tostadas. The chain saw a 0.6% rise in systemwide traffic and a 5.2% increase in average check size, pushing restau...
SBI Global Asset Management and Yomiuri Shimbun Group are hosting a free investment seminar in Tokyo on June 30, focusing on navigating markets amid global instability. Attendees with an SBI VC Trade account will receive 1,000 yen worth of XRP as a g...
Ethereum dropped below $2,000 following US airstrikes on Iran, causing a $1 billion forced liquidation in crypto markets and a sharp price decline. Market sentiment turned bearish with a 63% chance ETH could fall to $1,500, while ETFs saw $500 millio...
