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Natgas companies gain on smaller-than-expected storage build
** Shares of U.S. natural gas companies gain, tracking rise in natgas futures NGA/** U.S. natgas futures NGc1 up 3.2% at $2.94 per million British thermal unit after U.S. Energy Information Administration (EIA) reports smaller-than-expected storage build** Shares of natgas companies EQT Corp EQT.N u...Reuters
6 minutes ago
Build-A-Bear surges to record high after raising annual forecasts
** Shares of toy maker Build-A-Bear Workshop BBW.N rise as much as 19.6% to a record high of $70.01** Company expects annual revenue to grow on a mid-to-high single-digit percentage basis, compared to previous forecast of mid-single-digit percentage growth** Company also expects annual pre-tax incom...Reuters
13 minutes ago
GLOBAL MARKETS-US stock indexes rise but Nvidia shares dip; dollar weakens
Dollar lower as focus turns to Fed policy easingNvidia revenue forecast higher than expectations but not a blowoutUS economic data positive for marketBy Caroline Valetkevitch NEW YORK, Aug 28 (Reuters) - Major U.S. stock indexes were slightly higher on Thursday even as Nvidia shares slipped amid ...Reuters
13 minutes ago
PRECIOUS-Gold hits 5-week peak on weaker dollar, Fed independence concerns
US PCE data due on FridaySilver touches over one-month peakFed Governor Cook sues Trump after he attempted to fire herBy Sarah Qureshi and Anushree Mukherjee Aug 28 (Reuters) - Gold prices hit a five-week high on Thursday, supported by a softer dollar and safe-haven flows, due to ongoing concerns...Reuters
16 minutes ago
US STOCKS-S&P 500 hits record high as Nvidia results butress AI rally
Weekly jobless claims fall; corporate profits rebound in Q2 Snowflake surges on AI-driven revenue forecastHP Inc gains on upbeat Q3 revenue S&P 500 +0.25%, Nasdaq +0.54%, Dow +0.05%By Noel Randewich and Johann M Cherian Aug 28 (Reuters) - The S&P 500 hit a record high on Thursday afte...Reuters
26 minutes ago
U.S. STOCKS ON THE MOVE-Victoria's Secret, Copper miners, Dell
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8The tech-heavy Nasdaq edged higher in choppy trade on Thursday, held back by a fall in Nvidia's shares as Sino-U.S. trade uncertainties prompted the AI chip giant to exclude potential Ch...Reuters
45 minutes ago
Why Opendoor Technologies Stock Is Soaring Today
Key PointsFollowing two days of sell-offs, Opendoor stock is bounding higher in today's trading. Opendoor has been highly volatile lately, but the stock may be getting a boost from stronger-than-expected U.S. GDP data. A recent feature on CNBC's "Mad Money" could also be helping to push Opendoor hig...The Motley Fool
54 minutes ago
Greif Inc reports results for the quarter ended July 31 - Earnings Summary
Greif Inc GEF.N reported quarterly adjusted earnings of $1.03 per share for the quarter ended July 31, identical to the same quarter last year. The mean expectation of six analysts for the quarter was for earnings of $1.25 per share. Wall Street expected results to range from 82 cents to $1.60 pe...Reuters
56 minutes ago
EQB slumps after Q3 profit misses estimates
** Shares of Canadian bank EQB EQB.TO fall 13% to C$88.45 in early trading** After markets closed on Wednesday, EQB reported Q3 profit that missed analysts' estimates** Co reported adjusted profit of C$2.07 per share for the three months ended July 31, missing analysts' average estimate of C...Reuters
57 minutes ago
Dick's Sporting Goods drops on bleak annual revenue
** Shares of footwear retailer Dick's Sporting Goods DKS.N fall as much as 6.6% to $211.10 ** Stock set for its worst day in over three months, if losses hold** Co raises annual revenue forecast to a range of $13.75 billion to $13.95 billion, from prior target of $13.6 billion to $13.9 billion, ...Reuters
an hour ago
LIVE MARKETS-A repeat of the 1962 bear market is unlikely
Nasdaq up ~0.5%, S&P 500 modestly green, Dow edges positiveComm Svcs leads S&P sector gainers; Healthcare weakest groupDollar, crude decline; bitcoin edges up; gold gainsUS 10-Year Treasury yield dips to ~4.21%Welcome to the home for real-time coverage of markets brought to you by Reuters re...Reuters
an hour ago
Outlook hits record low after US FDA declines to approve eye drug
** Shares of Outlook Therapeutics OTLK.O slump as much as 66.8% to an all-time low of 79 cents ** Stock set for its worst day in more than 9 months, if losses hold ** U.S. FDA declines to approve company's drug for a type of eye condition called wet age-related macular degeneration (wet AM...Reuters
an hour ago
Why Domo Stock Is Plummeting Today
Key PointsDomo posted sales and earnings in Q2 of fiscal 2026 that beat the market's expectations. The software specialist also posted strong growth for remaining performance obligations in the quarter. On the other hand, management is still guiding for a big loss this year. 10 stocks we like better...The Motley Fool
2 hours ago
Bath & Body Works falls after missing quarterly profit estimate
** Shares of beauty and skincare retailer Bath & Body Works BBWI.N down about 9.77% at $28.46** Company reports Q2 adj. EPS of $0.37, missing analysts' estimates of $0.38, affected by current tariff impacts levied by the U.S. government and other countries** BBWI expects current quarter EPS ...Reuters
2 hours ago
GLOBAL MARKETS-US stock indexes mostly edge higher but Nvidia shares slip; dollar weakens
Dollar lower as focus turns to Fed policy easingMajor US stock indexes edge upNvidia shares down slightly By Caroline Valetkevitch NEW YORK, Aug 28 (Reuters) - Most major U.S. stock indexes were slightly higher on Thursday even as Nvidia shares slipped amid uncertainty over its China business, wh...Reuters
2 hours ago
Nutanix falls as brokerages cut PT after results
** Shares of cloud services company Nutanix NTNX.O fall 8% to $64, hitting a more than four-month low ** J.P.Morgan flags a slowing FY revenue growth, saying it could lead to concerns about fading "tailwinds in relation to the VMware opportunity"** NTNX forecasts FY26 revenue of $2.9 billion...Reuters
2 hours ago
LIVE MARKETS-S&P 500 has been driving to new highs, but how much gas is left in the tank?
Nasdaq up ~0.4%, S&P 500 slightly green, Dow edges positiveComm Svcs leads S&P sector gainers; Healthcare weakest groupEuro STOXX 600 index off ~0.2%Dollar, crude decline; bitcoin, gold gainUS 10-Year Treasury yield dips to ~4.21%Welcome to the home for real-time coverage of markets brought ...Reuters
2 hours ago
Trio Group (1710.HK) Achieved Revenue of HK$404.7 Million for 1H 2025 with Proposed Interim Dividend of HK0.6 Cent; Advancing the 'Greater Asia New Energy Business Circle' Strategy
Trio Industrial Electronics Group Limited (1710.HK) AchievedRevenue of HK$404.7 Million for 1H 2025 with Proposed Interim Dividend of HK0.6 Cent; Advancing the 'Greater Asia New Energy Business Circle' Strategy[Hong Kong – 28 August 2025] Trio Industrial Electronics Group Limited (“Trio Group” or the Group”, Stock code: 1710), a leading manufacturer and distributor of advanced industrial electronic components and products in Hong Kong, is pleased to announce the consolidated interim results of the Company and its subsidiaries (the “Group”) for the six months ended 30 June 2025 (“the Period”).During the Period, Europe and North America remained the Group's principal markets, contributing 92.1% of total revenue. Multiple challenges including high interest rates, ongoing geopolitical tensions, and the implementation of revised U.S. tariffs policies led to cautious customer behavior, reducing orders to manage inventories more tightly, while others accelerated expansion to capture emerging opportunities. The divergence in customer behaviour resulted in fluctuations in demand, impacting both order visibility and the overall composition of the Group’s product mix. Amid these dynamics, the Group achieved revenue of HK$404.7 million for the Period, increased by 4% comparing with HK$389.2million for the six months ended 30 June 2024. The revenue increase was primarily driven by higher shipments of smart vending systems, partially offset by softer demand for smart chargers, switch-mode power supplies and electro-mechanical products. Additionally, gross profit rose 12.5% year-on-year to HK$76.1 million, with a gross margin of 18.8%, up 1.4 percentage point compared with last year. Loss attributable to owners of the Company decreased by 42.9% to approximately HK$14.8 million for the Period. The Group has maintained a robust financial position, with cash and cash equivalents (including restricted bank deposits) of approximately HK$103.6 million, a positive net cash position (cash and cash equivalents minus borrowings) and a current ratio of approximately 2.2 times, which remained the same as at 30 June 2025 and 31 December 2024.To enhance supply chain resilience and to serve end markets more effectively, the Group optimised its manufacturing network through setting up a new factory in the UK. The new UK factory commenced operations during the Period, further strengthening capacity, shortening lead times for European customers and diversifying production risk alongside the Group’s existing facilities in the PRC, Thailand and Ireland.Regarding the business development, the Group continued its strategic diversification into the new energy sector under the “Deltrix” brand, expanding its portfolio from smart electric vehicle (“EV”) chargers to include smart energy storage and smart digital advertising kiosks to capture high-growth opportunities driven by global decarbonisation and energy-efficiency agendas and the shift towards new energy solutions. In alignment of the PRC’s “Belt and Road” Initiative, the Group advanced its Central Asia platform in Kazakhstan. Three model EV charging stations in Almaty served as demonstration hubs integrating smart Deltrix EV charging infrastructure, smart energy storage, smart car wash facilities and smart digital advertising kiosks – forming a comprehensive EV charging ecosystem.Mr. Cecil Wong, the Chairman of Trio Industrial Electronics Group Limited said, “Despite global economic uncertainties, the Group maintains a stance of cautious optimism due to healthy order backlog in the EMS business and our progressive development in the new energy business. We are advancing its vision of a “Greater Asia New Energy Business Circle” – a strategic network integrating EV charging infrastructure, energy storage, digital advertising and smart service solutions across multiple regions. In Central Asia, we have partnered with Sinooil (China National Petroleum) to deploy EV charging and digital advertising facilities across approximately 140 Sinooil service stations in Kazakhstan. Looking ahead, we will build out a comprehensive ecosystem that combines digital advertising, automated car-wash services and convenience retail to help Chinese enterprises expand their market presence in Central Asia and supports the Group’s objective of becoming a leading outdoor media provider in Kazakhstan. Moreover, we are expanding into Uzbekistan, with plans to build an electric heavy-duty truck manufacturing factory and establish smart charging stations to support the country’s transition to sustainable transportation.”He further mentioned, ‘Beyond Central Asia, the Group is extending its new energy footprint in Southeast Asia, initially focusing on Thailand, the Philippines and Malaysia. Leveraging its expertise in new energy solutions, the Group aims to establish a strong position in these fast-growing markets and plans to manufacture Deltrix-branded electric motorcycles for these markets. This business roadmap aligns with the Group’s long-term commitment to sustainability, technological innovation and value creation for stakeholders. We are well-positioned to capitalise on the opportunities presented by the new energy sector and strengthen our market position for long-term business development."About Trio GroupTrio Industrial Electronics Group is a manufacturer and distributor of advanced industrial electronic components and products in Hong Kong with nearly 40 years of industry experience. It is also the first Hong Kong-based industrial electronic company awarded with the Industry 4.0 maturity certificate - Industry 4.01i level. The Group’s major products include smart chargers, electro-mechanical product and switch-mode power supplies, which are widely used in smart city systems, medical and healthcare sector, as well as renewable energy field. The Group has built up a good reputation and become a trusted supplier to various international well-known brands. The majority of its clients are from Europe and the US while some from Southeast Asia and PRC. In addition, the Group and its partner have developed their own EV charger solution - Deltrix since 2017, which has been launched in the European market in response to the global efforts to develop smart economies.This press release is issued by DLK Advisory Limited on behalf of Trio Industrial Electronics Group Limited.For more details, please contact:Skye Shum - IR Managerskyeshum@triohk.com.hkPR media:DLK Advisorypr@dlkadvisory.comFile: Trio Group 1710.HK Achieved Revenue of HK$404.7 Million for 1H 2025 with Proposed Interim Dividend of HK0.6 Cent Advancing the 'Greater Asia New Energy Business Circle' Strategy29/08/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
2 hours ago
UK stocks close lower as tech, utility shares drag
FTSE 100 down 0.4%, FTSE 250 slips 0.3%Drax Group slumps after financial watchdog probe PPHE Hotel drops after HY earningsIT firm Softcat gains on annual forecast lift Aug 28 (Reuters) - London equities ended lower for a third consecutive session on Thursday, with utilities and technology shares ...Reuters
3 hours ago
Urban Outfitters fall sharply even after EPS, rev beat; tariff impact in focus
** Shares in Urban Outfitters URBN.O down ~11% on Thursday tracking for biggest one-day pct drop since April 3, with the apparel retailer suggesting bigger than previously expected margin pressure from tariffs even as Q2 EPS and revenue beat the Street** URBN reported adj EPS of $158 vs Street conse...Reuters
3 hours ago
