Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Chrysalis Looks to Drop Managers as UK Fintech Fund Sells Assets
Chrysalis Investment Ltd. 's fund managers have pushed back against a plan that would see them lose control as the London-listed fintech fund sells down its portfolio after years of underperformance. The board plans to divest Chrysalis' holdings…
LanzaJet gets $47m for SAF, Ownwell's $30m round and Advent sells two fintechs
• LanzaJet, a Deerfield, Ill.-based sustainable aviation fuel maker, raised $47m in the first close of a round at a $650m pre-money valuation, co-led by IAG and Shell, with participation from Groupe ADP, LanzaTech, and Mitsui. Go deeper…
Top Fintech Stocks To Watch Now - February 19th
3 Stocks Well Below 52-Week Highs Poised for a Q4 Rebound Rocket Companies, Joint Stock Company Kaspi.kz, and Quantum FinTech Acquisition are the three Fintech stocks to watch today, according to MarketBeat's stock screener tool. Fintech stocks are…
Industrials Up Amid Mixed Earnings -- Industrials Roundup
Shares of industrial and transportation companies ticked up amid mixed earnings. Tractor and combine maker Deere raised its fiscal-year outlook and said demand in the construction and small agriculture markets was recovering. Airbus said it would…
Mueller Industries Boosts Quarterly Dividend by 40%
Mueller Industries raised its quarterly dividend by 40% to 35 cents a share, up from 25 cents. The new payout, equal to $1.40 a year, represents an annual yield of about 1.2% based on the latest closing price of $116.99. The dividend is to be paid…
Chemours Shares Fall on Wider Loss From Market Headwinds
Shares of Chemours fell after the company reported a wider fourth-quarter loss, partially due to challenging market conditions. The stock dropped 9.9% to $18.39 in premarket trading. As of Thursday's close, it was up 73% this year. The company…
Energy Up With Oil Futures on Iran Risks -- Energy Roundup
Shares of energy companies rose alongside oil futures as the potential for military conflict in the Persian Gulf increased. President Trump signaled the U.S. would decide its next moves within 10 days if Iran didn't agree to a nuclear deal…
Peak XV raises $1.3B, doubles down on AI as global VC rivalry in India heats up
Peak XV announced on Friday that it has raised $1.3 billion across new India and Asia-focused funds. The firm, which now manages more than $10 billion in assets, is sharpening its focus on artificial intelligence and cross-border bets amid…
Clear Street Group Withdraws IPO
Clear Street Group withdrew its initial public offering. The financial infrastructure technology company has decided not to pursue an IPO at this time due to current market conditions, according to a Thursday filing with the Securities and Exchange…
Canada Retail Sales -0.4% In Dec From Nov
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing opportunities, strengthen advisor-client…
NOV Raises Quarterly Dividend by 20%
NOV's board has raised the company's quarterly dividend by 20%, to 9 cents from 7.5 cents. The new payout, equal to 36 cents a year, represents an annual yield of about 1.78% based on Thursday's closing price of $20.24, up from 1.48%. The Houston…
Nucor Sets New $4 Billion Stock Buyback
Nucor's board has approved a new $4 billion stock-buyback program. Nucor on Friday said the new authorization replaces a $4 billion program approved in May 2023 under which the Charlotte, N.C., steelmaker had repurchased about $3.69 billion in…
Cogent Communications Shares Fall on Lower Revenue
Shares of Cogent Communications Holdings fell after the company recorded declining revenue in the fourth quarter. Shares were down 31% at $18.10 in Friday morning trading. The stock has lost 78% of its value in the past year. The internet service…
Assured Guaranty Raises Quarterly Dividend by 12%
Assured Guaranty's board has raised the company's quarterly dividend by 12%, to 38 cents from 34 cents. The new payout, equal to $1.52 a year, represents an annual yield of about 1.75% based on Thursday's closing price of $86.73, up from 1.57%. The…
Sibanye Stillwater: Favourable Precious Metals Tailwinds Drive Higher Profitability
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing opportunities, strengthen advisor-client…
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