United Community Banks To Record Q4 Charge On FDIC Special Assessment, Bond Portfolio Restructuring

United Community Banks, Inc. (UCBI) said it expects a fourth-quarter net pre-tax charge of approximately $62 million, or $0.41 per share. The charge is attributable to: an estimated pre-tax charge of approximately $10 million, or $0.07 per share, from an FDIC special assessment; and a securities loss transaction resulting in a pre-tax loss of approximately $52 million or $0.34 per share, on the sale of $316 million of bonds

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Jabil Successfully Closes Mobility Divestiture; Revises Q2 Outlook

Jabil Inc. (JBL) announced the closing of the transaction to divest its Mobility business to BYD Electronic. With the transaction closing earlier, Jabil now expects the midpoint of the prior guidance range for net revenue and core earnings per share for the second quarter to be lower by approximately $400 million and $0.30, respectively, which aligns with the guidance issued on first quarter earnings call.

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NeuroBo Submits IND Application For Phase 1 Clinical Trial Of DA-1726; Stock Up In Pre-market

NeuroBo Pharmaceuticals, Inc. (NRBO), a clinical-stage biotechnology company, Thursday said it has submitted Investigational New Drug or IND application to FDA, regarding Phase 1 clinical trial of DA-1726 for the treatment of obesity.

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Gracell Biotechnologies Surges In Pre-market After $1.2 Bln Acquisition Deal By AstraZeneca

Shares of Gracell Biotechnologies Inc. (GRCL) were trading up over 60 percent after the company signed an agreement to be acquired by AstraZeneca PLC (AZN.L, AZN) for up to $1.2 billion in cash.

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Addentax Group In Deal With Zhongjiu Yihe; Stock Up

Integrated service provider, Addentax Group Corp. (ATXG), Friday said that it has signed a Memorandum of Understanding with Zhongjiu Yihe Brand Development Co. Ltd. for strategic cooperation at national level. Following this news, stock of Addentax moved up.

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ProSiebenSat.1 Media Confirms 2023 Targets; Decides To Invest Significantly More In Local Content

ProSiebenSat.1 Media SE (PBSFF.PK) said, for 2023, the Group continues to expect to achieve financial targets specified on November 14, 2023. Group's adjusted EBITDA is projected at the lower end of the range of 600 million euros plus/minus 50 million euros forecast at the beginning of the year. Group revenues - as recently announced - will be slightly below the target range of 4.10 billion euros plus/minus 150 million euros. The Group expects that net financial debt will reduce in fiscal 2023.

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Superdry Plc: FY Profitability To Be Impacted By Challenging Trading Environment

Superdry plc (SDRY.L, SEPGF.PK, SEPGY.PK) issued a trading update covering the 26-week period to 28 October 2023. The Group said its trading performance has been significantly below management expectations. Profits for the year are projected to reflect this weaker trading seen to date. For the first half period, retail was down 13.1%, while wholesale was down 41.1%.

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