Financials

Jun 6
2 min

2023 Market Challenges: Sales Decline in most European countries, Yet Russia and Turkey See Increase

Feb 8
2 min

European Hydronic Heating Market Faces Challenges Amid Declining Demand

Lecico Egypt Approves Merger of Key Ceramic Firms

brg_news_room

Sep 20
1 min

Lecico Egypt Approves Merger of Key Ceramic Firms

Egypt: The board of Lecico Egypt (LCSW) has sanctioned the merger of Lecico Ceramic Industries Company, International Ceramics, and...

The European Union Authorises the Acquisition of Purmo Group

brg_news_room

Aug 25
1 min

The European Union Authorises the Acquisition of Purmo Group

Finland/USA: The acquisition of sole control of Purmo Group of Finland by Apollo Global Management of the United States has been approved...

CTD Closes 56 Stores, Cuts 268 Jobs Amid Insolvency

brg_news_room

Aug 20
1 min

CTD Closes 56 Stores, Cuts 268 Jobs Amid Insolvency

UK: The Newcastle-based brand CTD has announced the closure of 56 stores and the redundancy of 268 employees, according to statements...

Lowe's Expected to Report Sales Decline, Following Home Depot's Disappointing Results

brg_news_room

Aug 20
1 min

Lowe's Expected to Report Sales Decline, Following Home Depot's Disappointing Results

USA: Lowe's is expected to release its fiscal Q2 earnings report on 20TH August. According to Bloomberg's consensus, Wall Street...

China's Industrial Growth Slows As Property Slump Persists

ravi_sharma

Jun 21
1 min

China's Industrial Growth Slows As Property Slump Persists

China: China's industrial output for May grew by 5.6% year-on-year, falling short of expectations and slowing from April's 6.7% growth,...

Hitachi Planning to Sell its Stake From Johnson Controls-Hitachi JV

ravi_sharma

Jun 19
1 min

Hitachi Planning to Sell its Stake From Johnson Controls-Hitachi JV

USA/Japan: Hitachi is planning to sell its 40% stake in the Johnson Controls-Hitachi Air Conditioning joint venture, with potential...

Lecico Releases Annual Financial Results For 2023

brg_news_room

May 21
2 min

Lecico Releases Annual Financial Results For 2023

Egypt: Lecico has released its annual financial results, showcasing significant growth and improvements across various metrics. Overall,...

UK: Victorian Plumbing Acquires Victoria Plum in a £22.5 Million Agreement

brg_news_room

May 21
1 min

UK: Victorian Plumbing Acquires Victoria Plum in a £22.5 Million Agreement

UK: In a deal valued at £22.5 million, Victorian Plumbing has acquired its competitor online bathroom retailer, Victoria Plum. This...

Thai Retailer Boonthavorn Plans IPO to Fuel Expansion

brg_news_room

May 20
1 min

Thai Retailer Boonthavorn Plans IPO to Fuel Expansion

Thailand: Boonthavorn Retail Corporation, a Thai home improvement retailer with connections to Siam Cement Group (SCG), is set to launch...

US based FGI Industries Starts 2024 with Strong Revenue Growth

brg_news_room

May 15
1 min

US based FGI Industries Starts 2024 with Strong Revenue Growth

USA: FGI Industries, a leading supplier of kitchen and bath products, is off to a successful start in 2024. The company recently...

RAK Ceramics' 2024 First-Quarter Earnings After Tax Fell by 21.5% to US$17.13 million.

brg_news_room

May 13
1 min

RAK Ceramics' 2024 First-Quarter Earnings After Tax Fell by 21.5% to US$17.13 million.

UAE: RAK Ceramics, one of the world's largest providers of ceramics lifestyle solutions, reported a 21.5% decline in first-quarter profit...

TEKO's Parent Company KKVB Acquires Vitalis

brg_news_room

May 10
1 min

TEKO's Parent Company KKVB Acquires Vitalis

Germany/Canada: In a move that strengthens its position in the global HVAC market, KKVB Group, the parent company of leading German OEM...

Kohler Divests Energy Unit to Platinum Equity

brg_news_room

May 10
1 min

Kohler Divests Energy Unit to Platinum Equity

USA: Kohler Co. has announced a strategic shift, selling a majority stake in their energy division to investment firm Platinum Equity....

RAK Ceramics Q1 Profits Plunge By 70% in Bangladesh

brg_news_room

May 7
1 min

RAK Ceramics Q1 Profits Plunge By 70% in Bangladesh

Bangladesh: RAK Ceramics Bangladesh, leading tile and sanitaryware company, witnessed a staggering 70.5% drop in profits for the first...

IMF: The Rate of Global Recovery Varies by Location and is Often Slow

brg_news_room

Apr 24
1 min

IMF: The Rate of Global Recovery Varies by Location and is Often Slow

Global: The world economy is expected to grow at the same rate of 3.2% in 2024 and 2025 as it did in 2023, according to the baseline...

World Bank Revises its Growth Forecast for the Saudi Economy to 5.9%.

brg_news_room

Apr 17
1 min

World Bank Revises its Growth Forecast for the Saudi Economy to 5.9%.

RIYADH: In comparison to its previous prognosis, which was 4.2% in January of this year, the World Bank has increased its projection for...

brg_news_room

Feb 7
2 min

Indonesian economy sees solid growth in Q4 2023

According to Bank Indonesia (BI), despite a slowdown in the global economy, Indonesia's economy expanded strongly in the fourth quarter of 2

brg_news_room

Jan 29
1 min

Thai economy in recession, needs a boost - Finance Official.

The government last week cut its growth forecast for Southeast Asia's second-largest economy in 2024 from 3.2% to 2.8%.

USA: Belimo Achieves Substantial Growth in Sales in 2023

brg_news_room

Jan 19
1 min

USA: Belimo Achieves Substantial Growth in Sales in 2023

Impressive results were recorded for the Americas market region, with sales growing by 7.7% in local currency. This comes after a...

brg_news_room

Nov 6, 2023
2 min

Mitsubishi Heavy Industries Achieves Significant Year-on-Year Growth

Mitsubishi Heavy Industries Achieves Significant Year-on-Year Growth in Order Intake, Revenue, and Profit During an Exceptional First Half

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