Lions Bay Resources, owned by Metals One PLC and Lions Bay Capital, rejected Vantage Goldfields' claim that its acquisition of the Barbrook gold mine in South Africa had failed. The South African mining regulator has deferred its decision on the mining consent, pending a High Court ruling expected in October, rather than outright rejecting the deal. Lions Bay has already transferred $10 million into a trust and secured creditor approval for its rescue plan, and it continues to work on funding and regulatory approvals while awaiting the court's judgement. This means the acquisition process remains active despite recent claims to the contrary.
Bilibili reported strong Q2 2026 results with an 8% revenue increase to RMB 7.9 billion and a 55% surge in net profit to RMB 339 million. The platform added 8 million new daily active users and saw a 14% rise in user engagement, highlighting its grow...
Dollar General reported a strong second quarter with net sales up 5.2% to $11.29 billion and earnings per share rising 33% to $2.48, beating expectations. Following this, Telsey Advisory raised the stock's price target from $125 to $140 and maintaine...
Affirm Holdings reported a strong fiscal Q4 with revenue up 33% year-over-year to $1.166 billion, surpassing estimates. Gross merchandise volume rose 36% to $14.1 billion, and the company expects fiscal 2027 GMV to exceed $64 billion, signaling at le...
Alnylam Pharmaceuticals saw its stock drop sharply after it lowered its 2026 sales guidance by about $200 million due to slower demand for its TTR products. Despite a strong biotech sector, Alnylam's shares fell by $81.14 per share, losing about 25% ...
Malibu Boats reported a strong fourth quarter with net sales up 42.7% to $295.5 million and adjusted EBITDA rising 72.7% to $33.9 million, beating earnings estimates with $0.92 per share versus $0.75 expected. The company benefits from organic growth...
