Darden Stumbles on Sales, But Analysts Stay Optimistic On Operational Execution: Here’s Why
Analysts reiterate ratings and price targets for Darden Restaurants (DRI) following Q4 earnings release. EPS beats, sales miss expectations.
TotalEnergies Lights Up Nigeria’s Future With Ubeta Gas Field FID
TotalEnergies and NNPCL have made FID for Ubeta gas field in Nigeria. Production starts in 2027, with gas supplying domestic market and Nigeria LNG.
Why LongHorn Steakhouse Owner Darden Restaurants Shares Are Surging Today
Darden Restaurants reported Q4 results, and increased its dividend. The company also expects same-restaurant sales growth of 1.0% to 2.0% and new restaurant openings of 45 to 50.
BP Doubles Down On Biofuels: Buys Out Bunge Bioenergia for $1.4B
BP to acquire Bunge's 50% stake in joint venture for $1.4 billion, consolidating financial results and supporting growth in bioenergy.
Why Commercial Metals Shares Are Surging Today
Commercial Metals reported third-quarter results with net sales of $2.078 billion. Europe Steel Group saw improved performance. Available liquidity at $1.5 billion. Quarterly dividend of $0.18 announced. Expecting consistent results in Q4.
Honeywell Swoops In To Acquire CAES For $1.9B, Boosts Defense Business
Honeywell (NASDAQ: HON) to acquire CAES Systems Holdings LLC from Advent International for $1.9B. Deal expected to boost EPS and expand defense solutions.
Sasol Soars On Pipeline Payday: Court Awards $344M in Tariff Dispute
The litigation between Sasol and Transnet spans years. The remaining issues in the litigation went to trial in South Africa.
Petrobras New CEO Vows To Fuel Brazil’s Growth Engine: Report
New CEO of Petrobras, Magda Chambriard, aims to boost Brazil's economy and profitability. No further management changes expected.
Australia Grants Equinor Feasibility License For Offshore Wind Project: Report
Australian govt grants Equinor & Oceanex Energy a license to assess feasibility of constructing wind farm. PM aims for 82% of power from renewables by 2030.
Corpay Expands Its Global Reach with GPS Capital Markets Acquisition: Details
Corpay, Inc. (NYSE: CPAY) to acquire cross-border payments company GPS Capital Markets for undisclosed amount. Deal expected to close in early 2025.