Mercer International Inc. reported a net loss of $52 million in Q1 2026, driven by high fiber costs, a $22 million inventory impairment, and slower pulp price recovery despite steady pulp sales. The company secured a waiver for its German credit facility to maintain liquidity and is progressing on its $100 million cost-saving program, achieving $41 million so far. Market uncertainties, including geopolitical conflicts and inflation, continue to pressure results, but Mercer expects a more balanced market and stable fiber costs in the second half of 2026. The mass timber segment shows growth with $171 million in orders, supporting future production plans.
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...
XRP surged about 4% to $1.11 following a broader crypto market rebound triggered by softer U.S. inflation data. Technical signals suggest a bullish inverse head and shoulders pattern, with potential for a 20% price increase if XRP breaks the $1.12–$1...
Revolut has received preliminary approval from Dubai's Virtual Assets Regulatory Authority to offer cryptocurrency services in the UAE, including broker-dealer, asset management, and exchange functions. This approval allows UAE customers to trade and...
Rotork PLC has accepted a £4.1 billion takeover bid from Swiss engineering group ABB, offering shareholders 506p per share, a 73% premium over the previous closing price. The acquisition will enhance ABB's industrial automation business by adding Rot...
Alexandria Real Estate Equities (ARE) is struggling with oversupply and vacancy rates exceeding 30% in key life science markets like Boston, San Francisco, and San Diego. This has caused an 80% decline in its stock price from its peak. The company's ...
