Posts by Liam Redmond
Sembcorp H2 profit rises 14% to S$471 million; shuffles business leadership
SEMBCORP Industries on Thursday (Feb 27) reported a 14 per cent rise in total net profit to S$471 million for the second half ended Dec 31, 2024, from S$412 million in the year-ago period. This accounts for exceptional items including disposal of assets and a gain on a “bargain purchase” on an acquisition in India,…
Read MoreST Engineering H2 Profit Rises 19.6% To S$365.7 Million
ST ENGINEERING on Thursday (Feb 27) reported a net profit of S$365.7 million for the second half ended Dec 31, up 19.6 per cent from S$305.9 million in the previous corresponding period The defence and engineering group’s revenue rose 9.9 per cent to S$5.8 billion from S$5.2 billion. This was mainly driven by the defence…
Read MoreCapitaLand Investment back in the black with S$148 million H2 profit
REAL estate group CapitaLand Investment (CLI) swung to a net profit of S$148 million for its second half ended December, from a net loss of S$170 million in the previous corresponding period. This translates to an earnings per share (EPS) of S$0.03, compared with a loss per share of S$0.033 in H2 of financial year…
Read MoreCapitaLand Investment back in the black with S$148 million H2 profit; proposes special distribution of CICT units
THE board of real estate group CapitaLand Investment (CLI) proposed on Thursday (Feb 27) to distribute a core dividend of S$0.12 per share, as well as a special dividend-in-specie of 0.031 CapitaLand Integrated Commercial Trust (CICT) unit per share – valued at S$0.06 apiece. This brings the total dividend for financial year 2024 to about…
Read MoreQantas splurges on dividends as strong travel demand boosts profit, shares jump
AUSTRALIA’S flag carrier Qantas Airways on Thursday declared a special dividend for the first time in more than two decades and reported first-half profit ahead of estimates, helped by strong travel demand sending its shares over 5 per cent. The company announced a special dividend of 9.9 Australian cents per share, its first since fiscal…
Read MoreAmazon unveils long-awaited AI version of Alexa assistant
AMAZON.COM has rebooted Alexa with artificial intelligence (AI). The rollout marks the biggest overhaul of the voice-activated assistant since the company introduced it more than a decade ago. The move is a test of whether Amazon and its new devices czar, former Microsoft Surface boss Panos Panay, can revitalise its most important consumer electronics franchise. …
Read MoreMichelle Trachtenberg’s boyfriend seen, speaks out after ‘Harriet the Spy’ star’s shocking death at 39
Michelle Trachtenberg’s boyfriend has spoken for the first time since the “Gossip Girl” actress’s sudden death. Jay Cohen, a Hollywood talent agent, was at the Los Angeles home he shared with Trachtenberg on Wednesday when he answered the door and responded to a reporter’s question for comment. “The family will not be commenting on the…
Read MoreChina quant says funds must adopt AI to survive after DeepSeek
DEEPSEEK’S success is intensifying pressure on China’s quantitative hedge funds to embrace artificial intelligence (AI) or risk becoming obsolete, according to one of the most aggressive users of AI in the industry. “In three years, quants that do not use AI will inevitably be eliminated,” said Feng Ji, chief executive officer of Baiont Quant,…
Read MoreBen & Jerry’s founders discuss buying back brand from Unilever
THE founders of Ben & Jerry’s have expressed interest in buying back their namesake ice cream brand from Unilever, according to sources familiar with the matter. Ben Cohen and Jerry Greenfield have held some initial discussions in recent months about a potential deal, the sources said. They may look to partner with socially minded investors…
Read MoreShaky Knees announces 2025 lineup: My Chemical Romance, Deftones, more
Vivid Seats is the New York Post’s official ticketing partner. We may receive revenue from this partnership for sharing this content and/or when you make a purchase. Featured pricing is subject to change. Atlanta’s premier music festival may be called Shaky Knees but it’s looking awfully solid this year. The annual three-day affair just announced…
Read MoreBeyond Meat sees weak annual revenue, posts wider-than-expected quarterly loss
BEYOND Meat forecast annual revenue below estimates on Wednesday, as the faux meat products maker faces persistent demand weakness amid sticky inflation. Beyond Meat has been losing steam it garnered a couple of years ago as consumers began shifting to fresh and lower-priced animal meat alternatives over its processed vegan meat. Its total volume of…
Read MoreTrump axes Chevron‘s Venezuela oil license, citing lack of electoral reforms
US PRESIDENT Donald Trump on Wednesday said he was reversing a license given to Chevron to operate in Venezuela by his predecessor Joe Biden more than two years ago, accusing President Nicolas Maduro of not making progress on electoral reforms and migrant returns. In a post on Truth Social, Trump said he was “reversing the concessions” of…
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