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News
Pitcher Partners CIO discusses Australian earnings: retail weakness, miners hold firm
2+ hour, 41+ min ago (204+ words) Pitcher Partners CIO Cameron Curko talked with Proactive about the contrasting trends emerging from the Australian earnings season, with consumer-facing stocks coming under pressure while resources and energy companies continue to show resilience. He pointed to higher interest rates and…...
OpenAI revenue rises 18% but losses deepen as Anthropic pulls ahead
6+ hour, 30+ min ago (347+ words) OpenAI (Unlisted:OPAI) reported an 18% quarter-on-quarter increase in revenue for the three months to June, but widening losses and stronger growth at rival Anthropic (Unlisted (US):ANTHRO) disappointed some investors looking for faster progress from the ChatGPT developer. Revenue increased…...
Nvidia challenger Etched hits US$21 billion valuation as AI chip challenger ships first system
9+ hour, 30+ min ago (485+ words) Etched has raised US$700 million at a US$21 billion valuation as the artificial intelligence chip start-up begins shipping its inference hardware to customers, stepping up its bid to challenge Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) in one of the fastest-growing…...
Seraphim Space invests $30m in Hubble Network | LSE:SSIT
1+ day, 2+ hour ago (204+ words) Proactive has a commercial relationship with Seraphim Space Investment Trust PLC. This article was produced independently under Proactive's Editorial Standards Policy. Seraphim Space Investment Trust PLC (LSE:SSIT) has invested $30 million (£22.2 million) in satellite connectivity company Hubble Network, taking deployment…...
Google wins $10 million Spirit Airlines data auction for AI training
1+ day, 2+ hour ago (246+ words) Google has won a bankruptcy auction for a large collection of Spirit Airlines’ internal business data and software, agreeing to pay $10 million for assets it plans to use in product development and artificial intelligence training. The transaction remains subject to…...
Cohort subsidiary wins £17.9 million of UK defence contracts | AIM:CHRT
5+ day, 2+ hour ago (233+ words) Cohort PLC (AIM:CHRT) subsidiary Marlborough Communications Ltd (MCL) has secured two UK defence contracts worth a combined £17.9 million, including a £14.0 million order for uncrewed air systems. The larger contract, awarded by a UK government customer, covers the immediate delivery of…...
Miners lead Footsie fallers as gold and copper rally stalls
5+ day, 1+ hour ago (281+ words) Mining shares dominated the FTSE 100 fallers board on Friday, extending a retreat that has taken roughly 8% off the sector since Wednesday lunchtime. Antofagasta PLC (LSE:ANTO) led the decliners, down 3.5% at 3,625p, followed by Glencore PLC (LSE:GLEN), off 2.2% at 548.3p, and…...
The Small Cap Weekly Wrap: Acquisitions, extended footprints, exploration milestones and more...
5+ day, 3+ hour ago (1617+ words) Rio Tinto PLC has welcomed a long-term power agreement that will keep Australia’s largest aluminium smelter operating until 2038, backed by A$1.1 billion of investment and a transition to 100% renewable electricity from 2033. The agreement between Tomago Aluminium, the Australian Government and the…...
Baby Bunting lifts FY26 profit 34% as record sales and margins support stronger FY27 outlook
5+ day, 8+ hour ago (459+ words) Despite current economic conditions, it seems those who want babies are going to have babies and that's good news for Baby Bunting. Baby Bunting Ltd (ASX:BBN) has delivered a 33.9% increase in pro forma net profit after tax (NPAT) to…...
Caledonian Holdings shares fall as £612,000 raise accelerates Aspire rollout | AIM:CHP
6+ day, 37+ min ago (236+ words) Caledonian Holdings PLC (AIM:CHP) (Caledonian Holdings PLC (AIM:CHP)) shares fell after the company raised £612,000 through a discounted share issue to accelerate the commercial rollout of its Aspire Commerce business. The AIM-listed financial services group issued 48.96 million new shares…...