By Anthony Harrup Mexico City--Trucking and logistics company Grupo Traxion recently completed a successful follow-on offering, selling 143.3 million shares to raise capital for its expansion plans. The company aims to take advantage of Mexico's growing nearshoring trend. In the offering, Grupo Traxion sold 84.7 million shares in a primary offering and 58.6 million shares in a … [Read more...] about Trucking and Logistics Company Raises Capital for Expansion
Forex News
AMC Entertainment Settles Shareholder Dispute
AMC Entertainment, the movie-theater chain, has reached a settlement with certain shareholders that will allow it to proceed with its plan to issue more common shares. The company seeks to convert its preferred equity units, known as Apes, into common shares and implement a 10-for-1 reverse stock split. These measures are aimed at raising capital to address the company's debt. … [Read more...] about AMC Entertainment Settles Shareholder Dispute
Sealed Air Cuts Outlook as Demand Slows
Sealed Air, the renowned manufacturer of packaging materials, including the beloved bubble wrap, is facing a challenging period due to sluggish demand. As a result, the company has revised its full-year sales and adjusted earnings projections. Revised Sales Outlook The Charlotte, N.C.-based company now expects its annual sales to range between $5.40 billion and $5.60 billion. … [Read more...] about Sealed Air Cuts Outlook as Demand Slows
Fletcher King Reports Increase in Fiscal 2023 Profit and Revenue
London-based property consultant company Fletcher King announced on Tuesday that its pretax profit and revenue for the fiscal year ending April 30, 2023, have shown growth. The company remains optimistic about the future period. Financial Performance Fletcher King reported a pretax profit of £192,000 ($245,433), a significant improvement compared to the £134,000 earned the … [Read more...] about Fletcher King Reports Increase in Fiscal 2023 Profit and Revenue
Archer Daniels Midland’s Q2 Performance Analysis
Archer Daniels Midland (ADM) experienced a decline in its crushing results during the second quarter, following a record-breaking performance in the same period last year. Ag Services & Oilseeds ADM highlighted that its South American origination results witnessed a year-over-year increase. The team achieved record volumes and higher margins, driven by strong export demand. … [Read more...] about Archer Daniels Midland’s Q2 Performance Analysis
