Posts by Liam Redmond
SingPost H2 net profit falls 81.5% to S$41.2 million on lower revenue
Company cites challenging operating environment for the logistics and letters business [SINGAPORE] Singapore Post ( SingPost ) on Thursday (May 14) recorded a net profit of S$41.2 million for its second half ended Mar 31, down 81.5 per cent from S$222.5 million in the year-ago period. This translated to an earnings per share (EPS) of…
Read MoreSingPost to keep SingPost Centre as part of 3 new priorities for its reset strategy
The postal and logistics player is bullish about the property’s upside potential [SINGAPORE] Singapore Post (SingPost) has decided not to divest its flagship building, SingPost Centre (SPC). Instead, the postal and logistics player – being bullish about the property’s upside potential – will carry out enhancements to further milk the cash cow. “It is not…
Read MoreEuropean shares lifted by miners and tech; Middle East in focus
With the first-quarter earnings season drawing to a close, corporate profits are expected to grow at their fastest pace in three years Published Thu, May 14, 2026 · 05:42 AM [BENGALURU] European shares ended higher on Wednesday (May 13), led by gains in mining stocks, though caution lingered as investors weighed the economic impact of…
Read MoreDemi Moore says Hollywood has to ‘find ways’ to work with AI, not fight it
Demi Moore is weighing in about how Hollywood should respond to the growing influence of AI — and it starts with embracing the technology. “I always feel that against-ness breeds against-ness,” Moore said during a press conference on Tuesday at the Cannes Film Festival. “AI is here. And so to fight it is to fight…
Read MoreCenturion’s Q1 revenue up 30% to S$89.4 million with growth in Singapore, Australia
The company is sanguine about the headwinds in the UK student accommodation sector [SINGAPORE] Accommodation specialist Centurion Corp posted a 29.5 per cent rise in revenue to S$89.4 million for the three months ended Mar 31, it announced after trading hours on Wednesday (May 13). This was driven by new operational beds in its Singapore…
Read MoreAI boom: AEM quadruples Q1 profit to S$14.3 million, raises FY2026 revenue guidance by 20%
Its largest customer this year will likely be a fabless artificial intelligence and high-performance computing player [SINGAPORE] Semiconductor test solutions provider AEM posted S$14.3 million in net profit for the first quarter ended Mar 31, more than quadrupling from S$3.3 million in the year-ago period. The company also raised its FY2026 revenue guidance by 20…
Read MoreLinkedIn is planning to lay off 5% of staff in latest tech-sector cuts, source says
Published Wed, May 13, 2026 · 10:34 PM — Updated Thu, May 14, 2026 · 12:22 AM [SAN FRANCISCO] LinkedIn planned to inform staff of layoffs on Wednesday, two people familiar with the matter told Reuters, in a widening of technology sector cuts this year. The Microsoft-owned social network plans to cut about 5 per cent of…
Read MoreMeta to launch ‘Incognito Chat’ for private AI conversations on WhatsApp
Published Wed, May 13, 2026 · 10:21 PM META Platforms is rolling out a new “Incognito Chat” feature for its artificial intelligence assistant on WhatsApp messaging service, the company said on Wednesday, as it looks to address data privacy concerns. Meta said incognito chats will be powered by its private processing technology, ensuring conversations remain…
Read MoreS&P 500 opens muted as hot inflation data signals rates to stay on hold
Published Wed, May 13, 2026 · 09:41 PM [NEW YORK] The S&P 500 was subdued at the open on Wednesday (May 13) as hotter-than-anticipated producer prices reinforced bets that the Federal Reserve would keep monetary policy restrictive all through this year. The Dow Jones Industrial Average fell 86.0 points, or 0.17 per cent, at the…
Read MoreOpec cuts 2026 global oil demand growth forecast
Published Wed, May 13, 2026 · 09:24 PM [LONDON] Opec on Wednesday lowered its forecast for global oil demand growth in 2026, joining other forecasters such as the International Energy Agency in cutting expectations due to the Iran war. The producer group sees a smaller hit to demand than the IEA, which earlier on Wednesday…
Read MoreStronger Russian rouble drives Food Empire’s Q1 revenue up 16.9% at US$159.7 million
The company’s board also approves a one-for-five bonus share issue to improve liquidity [SINGAPORE] Instant coffee specialist Food Empire posted a 16.9 per cent rise in revenue to US$159.7 million for the first quarter ended Mar 31. This is its strongest Q1 revenue performance, due to growth across most markets and the stronger Russian currency,…
Read MoreShedding the iconic ‘Cycle & Carriage’ will be a loss – but perhaps a necessary one for Jardine
Its famous Mercedes-Benz dealerships in Singapore and Malaysia account for only 4 to 5% of the company’s total earnings Source link
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