Ute stuck in crocodile-infested river

September 25, 2024

Good Morning,

A crossing over a crocodile-infested river went very wrong when a ute was swept from the back of a truck, Congestion charging, a crackdown on public servants working from home, and an unreliable public transport system could create a perfect storm for Wairarapa commuters, Raspberry Pi, the British computer company that floated in June, reported on Tuesday stronger-than-expected adjusted earnings of $20.9 million for the first half, sending its shares up 7% in early trade, and Toyota had decided on May 8 to buy back up to 410 million shares, or 3.04% worth of its outstanding shares excluding treasury shares.

Let's jump in.

Before The Bell

Markets

  • Toyota had decided on May 8 to buy back up to 410 million shares, or 3.04% worth of its outstanding shares excluding treasury shares.

    The Japanese automaker's shares have plunged 27% since then, closing at 2,617 yen on Tuesday. (RT)

  • Most major stock markets in the Gulf rose in early trade on Tuesday in line with oil prices and Asian shares buoyed by broad stimulus measures from China, although geopolitical tensions in the region limited gains. (RT)

Earnings and Data

  • Raspberry Pi, the British computer company that floated in June, reported on Tuesday stronger-than-expected adjusted earnings of $20.9 million for the first half, sending its shares up 7% in early trade. (CNBC)

News Summary

  • Congestion charging, a crackdown on public servants working from home, and an unreliable public transport system could create a perfect storm for Wairarapa commuters. (Stuff)

  • A former Head Hunters gang headquarters sold for well below its estimated value in a 23-offer bidding war. (Stuff)

  • A teenager has been charged after a threatening email caused more than 500 students and staff to be evacuated at a Dunedin high school. (Stuff)

  • A crossing over a crocodile-infested river went very wrong when a ute was swept from the back of a truck. The ute was loaded on a truck attempting to drive over Cahills Crossing, a notorious river crossing in the Northern Territory's Kakadu National Park. (9News)

  • A play centre in Victoria has been fined $40,000 over a 'nightmare' accident which saw a child fall 4m from a climbing wall. (9News)

  • Trump threatens ’200% tariff’ if John Deere moves production to Mexico (CNBC)

Deal Flow

Investments / M&A

  • Shares in the retailer were down as much as 7.4% in early trade as the stake sale in a placement priced at 1,140 pence represented a 7.7% discount to Dunelm's close on Monday. (RT)

VC & Fundraising

  • India’s securities regulator, worried about malpractice in a frothy IPO market, is investigating six domestic investment banks that have worked on offerings by small businesses, two sources with direct knowledge of the matter said. (RT)

  • FrontView REIT, which invests in properties in prominent locations facing high-traffic roads, aims to raise as much as $277.2 million in its initial public offering in the United States, the real estate investment trust said on Tuesday. (RT)

  • Oman's OQEP exploration and production will offer 25% of its total issued share capital on Sept. 30, in what would be the Gulf region's biggest initial public offering (IPO) so far this year, a statement by OQEP said. (RT)

  • KKR & Co has raised $4.6 billion for its debut fund focused on mid-sized deals in North America despite a difficult fundraising environment as high interest rates dampened investors' appetite for debt-driven buyouts, the U.S. private equity firm told Reuters on Monday. (RT)

Debt

  • Healthcare firm Centivo on Tuesday said it has secured $75 million in equity and debt financing, backed by Cone Health Ventures and the largest U.S. bank JPMorgan Chase's division Morgan Health. (RT)

Daily Picks

  • A recruitment agency survey has found people who work from home are able to save more than $5000 a year, and often make decisions based on what jobs have more flexibility. (RNZ)

  • Erik and Lyle Menendez were sentenced to life for killing their parents. Now their story is a Netflix mini-series (RNZ)

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