CC Capital Agrees to Buy Australia's Insignia Financial
CC Capital will pay A$4.80 per share in cash for Insignia, according to a statement on Tuesday. Insignia's board unanimously recommended shareholders vote in favor of the deal.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
2 hours ago
- Business Insider
American Eagle Stock (AEO) Soars 15% on Sydney Sweeney Collab
American Eagle (AEO) stock surged on Thursday after the apparel brand announced a collaboration with American actress and producer Sydney Sweeney, titled 'Sydney Sweeney Has Great Jeans.' The fashion retailer is selling 'AE x Sydney Sweeney Ultra Wide-Leg Jean' pants for women on its website and in stores. These pants cost $89.95, and 100% of the sales will go toward Crisis Text Line. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. News of the collaboration attracted meme stock traders to AEO stock on Thursday. That's resulted in increased chatter about American Eagle on Reddit and other social media platforms that are home to meme stock traders. American Eagle Stock Movement Today With this increased interest from meme stock traders came a massive rally for AEO stock. This has American Eagle shares up 13.86% in pre-market trading, following a 6.18% rally yesterday. Even so, the shares were still down 33% year-to-date and 48.99% over the past 12 months. Trading volume has also been heavy recently, with nearly 2.7 million shares traded this morning. This follows 17.51 million shares of AEO stock being traded yesterday. For perspective, the company's three-month daily average trading volume is about 6.63 million shares. Is American Eagle Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for American Eagle is Hold, based on one Buy, nine Hold, and a single Sell rating over the past three months. With that comes an average AEO stock price target of $11.30, representing a potential 4.4% upside for the shares.
Business Upturn
4 hours ago
- Business Upturn
KFON goes national with ISP-A license; crosses 1 lakh connections, eyeing OTT rollout
Kerala Fibre Optic Network (KFON), the state-backed broadband initiative, has secured an Internet Service Provider – Category A (ISP-A) license, KFON is now formally positioned to expand its services beyond Kerala, potentially offering connectivity solutions across the country. This national license marks a key turning point, enabling the government-owned network to scale its infrastructure and services outside state borders for the first time. The development comes as the network crosses 1.08 lakh connections since opening to the public in 2023. With preparations underway to launch an affordable OTT platform focused on regional content, KFON is positioning itself not just as a connectivity provider but as a full-fledged digital services player. With the recent acquisition of the network currently supports over 68,294 commercial FTTH (fibre-to-the-home) users, alongside 23,163 government offices, 14,082 economically backward families provided with free connections, and 2,819 fibre-to-office links. The expansion reflects not just a growing appetite for reliable internet in the state but also the success of KFON's hybrid public-private model. But perhaps the most ambitious element of KFON's roadmap lies in its entry into digital content. The project is in the final stages of launching its own OTT (over-the-top) platform, which will feature regional entertainment, including South Indian films and television content—at affordable subscription rates. This pivot reflects a strategic shift: from being simply a conduit for data to becoming a digital ecosystem provider catering to Kerala's culturally rooted yet digitally active population. The numbers behind the infrastructure are equally striking. KFON's backbone spans over 31,000 kilometres of fibre optic cable, routed through 375 Kerala State Electricity Board (KSEB) substations, based on the Point of Presence (POP), which is centred across the state. The network is managed via a centralised Network Operating Centre (NOC) in Kochi Infopark and is built on a sophisticated ring-based architecture comprising 94 aggregation rings, 186 pre-aggregation rings, and 81 spur centres—designed for scalability and resilience. Parallel to its OTT ambitions, KFON is working to roll out IPTV services and is in the process of securing Virtual Network Operator (VNO) licenses. The network already offers advanced intranet services such as MPLS L2VPN, L3VPN, and FTTH-based intranet connections, which currently cater to over 3,500 institutions across the state. The initiative is also backed by the empowering mission to enhance digital inclusion across the state. Under the 'Connecting the Unconnected' initiative, KFON has delivered free high-speed internet access to households in remote and tribal communities. These include 103 families in Kottoor, 300 in Attapadi, and several families in Valanthakad Island near Ernakulam; places that have historically struggled with connectivity. On the business side, KFON's revenue portfolio includes Internet Lease Line services (serving 220 corporates), SME broadband (265 connections), and dark fibre leasing—with over 7,000 km of fibre already leased to private operators. It also benefits from its partnerships with over 3,800 local internet providers, who assist in last-mile service delivery. Looking ahead, KFON has set an ambitious target: over 2.5 lakh connections by next year. Kerala residents and institutions can subscribe via the toll-free helpline 1800 570 4466, the Ente KFON mobile app, or online at Ahmedabad Plane Crash
Yahoo
9 hours ago
- Yahoo
Britain, Australia to deepen AUKUS commitment, economic ties
By Kirsty Needham SYDNEY (Reuters) -Australia and Britain's defence and foreign ministers arrived for talks in Sydney on Friday on boosting cooperation, including deepening the two countries commitment to the AUKUS nuclear submarine partnership. Britain's Foreign Minister David Lammy and Defence Secretary John Healey were met by Prime Minister Anthony Albanese in Sydney, where talks are expected to focus on boosting trade ties and progressing the AUKUS partnership for Britain and Australia to build a new class of nuclear-powered submarine. The United States is reviewing the trilateral agreement struck in 2021, and has pressed Australia to increase defence spending to counter China's military build-up in the Indo Pacific region. A new British-Australian treaty will underpin each country's submarine programmes and is expected to be worth up to 20 billion pounds ($27 billion) to Britain in exports over the next 25 years, Britain's Ministry of Defence said. "AUKUS is one of Britain's most important defence partnerships, strengthening global security while driving growth at home," British defence minister John Healey said in a statement. The treaty "confirms our AUKUS commitment for the next half century," he added. Following the Australia-United Kingdom Ministerial Consultations (AUKMIN), ministers are scheduled to travel to the northern garrison city of Darwin, where the British aircraft carrier HMS Prince of Wales has arrived for the Talisman Sabre war games. As many as 40,000 troops from 19 countries are taking part in the Talisman Sabre exercises held from July 13 to August 4, which Australia's military has said are a rehearsal of joint war fighting that contribute to stability in the Indo-Pacific. Britain has significantly increased its participation in the exercise co-hosted by Australia and the United States, with 3,000 troops taking part.
