Verra Mobility announced that Avis Budget Group will terminate its contract in September 2026, prompting the company to reduce costs and reallocate resources. This termination is expected to reduce Verra Mobility's Commercial Services revenue by approximately $135 million to $145 million and segment profit by $120 million to $125 million in 2026. Despite the setback, Verra Mobility remains confident in its platform and innovation capabilities, revising its 2026 full-year guidance to total revenue of $985 million to $995 million, adjusted EBITDA of $380 million to $385 million, and adjusted EPS of $1.19 to $1.25. The company is also reviewing contractual and intellectual property matters related to the termination while focusing on growth and future opportunities.
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...
