Latest news with #CRS
Irish Times
9 hours ago
- Business
- Irish Times
Hvivo revenue falls as pharma market uncertainty hits
Revenue at Irish clinical trials company Hvivo fell in the first six months of the year as the uncertainty in the pharma market, particularly in the US, hit contracts. But the company remained on track to reach £47 million in revenue for the year, it said. In a trading update for the six months ended June 30th 2025, the company said revenue for the period was £24.2 million, down from £35.6 million a year earlier. Hvivo, which offers contract research to pharmaceutical companies, said in May that a significant contract for a human challenge trial had been cancelled, while another had been postponed. A smaller study had also been cancelled, the company said, blaming the uncertainty in the pharmaceutical sector and depressed financing for the biotech market. READ MORE Its weighted contracted order book was £40 million at the end of the first half, down from £71 million in the prior year. However, the company said it had a strong sales pipeline, with opportunities that were not yet contracted and the aggregate value of customer proposals submitted in the first half of the year already surpassing the total in 2024. Its acquisitions of CRS and Cryostore, which were completed for £10.5 million net of cash acquired, are also diversifying its offerings. The acquisitions contributed £5.5 million to group revenue in the first half. The group said it is in advance discussions for a number of major human challenge trial projectsand is also pursuing significant opportunities for its hLAB and clinical services operations. 'Some persistent macro and sector-specific headwinds remain however, including a subdued biotech funding environment partly connected to uncertainties in the US, which have impacted the broader CRO industry, resulting in delayed contract conversion and a number of cancellations and postponements,' Hvivo said in a statement. It said the issues affecting the sector are likely to the 'transitory rather than fundamental', and predicted its business would return to growth as the market normalises, and biotech funding improves. 'The utility of our services remains strong, as demonstrated by the recent success of our client's Phase II candidate. Our diversification strategy is already delivering results, and we expect continued momentum across all revenue streams,' said chief executive Dr Yamin 'Mo' Khan. 'While macroeconomic and sector-specific headwinds are still affecting contract conversions, we remain confident in the long-term growth trajectory of our services and the overall prospects for HVIVO. I'm encouraged by the strength of our sales pipeline, with several major opportunities that could enhance the growth of our services. We believe that we are well positioned to deliver growth in FY26, and we look forward to keeping shareholders updated on our progress.'
Yahoo
3 days ago
- Business
- Yahoo
Buy Like Big Money: Carpenter Technology Soars
CRS produces and distributes specialty alloys, including titanium, powder metals, stainless steels, alloy steels, tool steels, and drilling tools. In its third-quarter fiscal 2025 earnings report, CRS achieved record operating income of $137.8 million, quarterly revenue of $727 million, and a profit of $177.5 million (a 45% year-over-year gain). No wonder CRS shares are up 69% so far this year – and they could rise more. MoneyFlows data shows how Big Money investors are again betting heavily on the stock. Big Money Boosts Carpenter Technology Institutional volumes reveal plenty. In the last year, CRS has enjoyed strong investor demand, which we believe to be institutional support. Each green bar signals unusually large volumes in CRS shares. They reflect our proprietary inflow signal, pushing the stock higher: Plenty of materials names are under accumulation right now. But there's a powerful fundamental story happening with Carpenter Technology. Carpenter Technology Fundamental Analysis Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, CRS has had strong sales and earnings growth: 3-year sales growth rate (+23.8%) 3-year EPS growth rate (+152.6%) Source: FactSet Also, EPS is estimated to ramp higher this year by +26.4%. Now it makes sense why the stock has been generating Big Money interest. CRS has a track record of strong financial performance. Marrying great fundamentals with MoneyFlows software has found some big winning stocks over the long term. Carpenter Technology has been a top-rated stock at MoneyFlows. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis. It's earned eight rare Outlier 20 inflow signals in the last year. The blue bars below show when CRS was a top pick…sent higher by Big Money: Tracking unusual volumes reveals the power of money flows. This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward. Carpenter Technology Price Prediction The CRS action isn't new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio. Disclosure: the author holds no position in CRS at the time of publication. If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level and follow our free weekly MoneyFlows insights. This article was originally posted on FX Empire More From FXEMPIRE: Coinbase on Fire from Sustained Big Money Buys Outliers Like Intuit Can Be Found Early Some Gains for the Aussie Dollar After the RBA Unexpectedly Holds Buy Like Big Money: Carpenter Technology Soars Spot Outliers Like Hyperscaler Microsoft Early SoFi Shares See Huge Bullish Signal, Could Rise More
India.com
4 days ago
- India.com
Aadhaar cards of more than 1 crore numbers deactivated, UIDAI issues statement which says...
New Delhi: The Unique Identification Authority of India (UIDAI) has started deactivating the Aadhaar card of the dead to prevent their misuse. UIDAI has deactivated more than 1.17 crore 12-digit Aadhaar numbers so far. This information was given in an official statement issued on Wednesday, July 16. Under this initiative, UIDAI has started a new service on My Aadhaar portal for registered deaths in 24 states and union territories, so that people can report the death of their family members. Why are Aadhaar cards being deactivated? The statement said, 'To maintain continuous accuracy of the Aadhaar database, UIDAI has taken steps to obtain death records from different sources and deactivate the corresponding Aadhaar numbers after proper verification.' UIDAI said that it requested the Registrar General of India to share death records linked to Aadhaar number and has received about 1.55 crore death records from 24 states and union territories using the Civil Registration System (CRS). Where to share information about Aadhaar card? UIDAI said in the statement, 'After proper verification, about 1.17 crore Aadhaar numbers have been deactivated. Similar process is going on in states / union territories with non-citizen registration system. So far, about 6.7 lakh death records have been received and the process of deactivating them is going on. UIDAI said, 'On the information of death of a family member, any member of the family of the deceased, after self-authenticating, is required to provide the Aadhaar number of the deceased person and other population related details along with the death registration number on the portal.' What steps is UIDAI taking to deactivate Aadhaar numbers? After proper verification process of the information received from the family member, the work of deactivating the Aadhaar number of the deceased person or further action is carried out. Currently, UIDAI is in the process of integrating the portal with the rest of the states and union territories. UIDAI is also taking the help of state governments in identifying deceased Aadhaar number holders. As a pilot project, the details of people above 100 years of age are being shared with the state governments to verify whether the Aadhaar number holder is alive or not.
Mint
4 days ago
- Business
- Mint
ITR 2025: Income tax department urges taxpayers to disclose foreign assets, income in their return
In a recent communication, the income tax (I-T) department has urged taxpayers to share details about assets held overseas and income accrued abroad. By disclosing the assets owned in the foreign land in their income tax return (ITR), taxpayers can not only avoid legal issues but also contribute to the country's development at the same time. Notably, the tax department in November last year ran a campaign to warn taxpayers of a ₹ 10 lakh penalty if they fail to disclose foreign held assets or income earned from abroad in their ITR. It is vital for the taxpayers to disclose their foreign assets and income in their income tax returns, reads the communication. The schedule FA (Foreign Assets) in the ITR form is primarily meant for reporting foreign assets, and Schedule FSI (Foreign Source Income) is meant for reporting income from foreign sources. Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA) are international frameworks which help battle tax evasion by increasing transparency and cooperation among income tax authorities around the world. Under these frameworks, the Indian tax department gets access to detailed information about financial accounts held by its residents in foreign jurisdictions. These details include name, address, tax identification number (PAN), account number and balance and income details such as interest, dividends, and other financial proceeds. These details enable the tax department to evaluate the global income of Indian taxpayers and to find those taxpayers who have not revealed their foreign assets and income. The taxpayers can claim tax relief on the taxes paid overseas by filing Schedule TR (Tax Relief) along with Form 67 online. However, failure to disclose foreign assets and income can lead to strict penalties and even prosecutions per the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, income tax department has revealed in its latest communication. Compliance: Being transparent in declaring foreign assets in tax returns shows a taxpayer's commitment to compliance and good governance. It also fosters trust with tax authorities and avoids unnecessary scrutiny. Tax reliefs: Correct reporting enables taxpayers to claim tax relief on taxes paid overseas, thus avoiding double taxation and optimising their tax liabilities. For all personal finance updates, visit here
Yahoo
4 days ago
- Sport
- Yahoo
French police open investigation into Kylian Mbappe payments
Real Madrid superstar Kylian Mbappe is never far from the headlines regardless of what he is doing, but has once again made ripples in France. A series of payments by the France captain are being investigated. Mbappe is part of an investigation that has been launched into five members of the Republican Security Corps (CRS) report Le Canard Enchaine (via Sport). The CRS are generally charged with general security, but in particular controlling crowds, disturbances and protests. Mbappe payments to CRS agents The focus of the investigation are payments made from Mbappe to five agents of the CRS in June of 2023. The intelligence agency Tracfin, which tracks financial crimes in France have a document which details payments of €30k to four CRS agents that summer, with a fifth agent receiving a total of €60.3k. The total outlay from Mbappe's accounts adds up to €180.3k, which was flagged by their systems. All five of the agents were assigned to protect the French national team at the time. Mbappe promised to donate World Cup fee The France captain had promised to donate all of his prize money from the 2022 Qatar World Cup to the security forces that protected them during the tournament, just six months earlier. There is a signed document from Mbappe saying as much, and the Real Madrid star had consulted his lawyer, who assured that the security personnel would not have to include the donations in their tax declaration. Personal protection or French national team? The internal investigation force in the French police are trying to establish whether the 'donations' relate to their job at the World Cup, or in reality to a personal protection for the 26-year-old. In particular, the fifth commanding officer, is under the microscope, having undertaken two trips to Cameroon and Vaucluse in the South of France alongside Mbappe in June 2023. Les Bleus played European qualifiers that month against Gibraltar and Greece, both of which Mbappe was involved in. The latter was in Paris at the Stade de France, some way from Vaucluse. It's been a tricky summer for Mbappe, who missed most of the Club World Cup with a virus, and is still involved in an ongoing legal battle with former club Paris Saint-Germain over unpaid wages.
