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BMO Announces Acquisition of Burgundy Asset Management
BMO is acquiring Burgundy Asset Management for $625 million in BMO shares to expand its wealth management services. This deal significantly strengthens BMO’s capabilities for high-net-worth and ultra-high-net-worth clients. Burgundy, with $27 billion in assets under management, will integrate into BMO Wealth Management, enhancing BMO’s position in the Canadian Investment Counsel market. The acquisition is expected to close by the end of 2025.
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Simon Hall and Michelle De Biolley Bolster Caldwell: Strengthening Board, CEO, and Financial Services Practices
Caldwell, the executive search firm, expands its expertise in board governance and financial services with the addition of Simon Hall and Michelle De Biolley. Hall, specializing in Board & CEO and Financial Services, brings three decades of global experience. De Biolley, with over twenty years in investment banking, private banking, and private equity, also joins the firm. The move aims to strengthen Caldwell’s talent and support clients’ needs.
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111, Inc. Reports First Quarter 2025 Unaudited Financial Results
111, Inc. reported Q1 2025 results, highlighting maintained quarterly operational profitability and positive cash flow. Net revenues remained flat at RMB3.5 billion, while operating expenses saw a 4.8% decrease, and operating expenses as a percentage of revenues decreased by 30 basis points YoY.
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Repurchase of Own Shares
Endeavour Mining announced the repurchase of 40,000 ordinary shares on June 18, 2025, as part of its share buy-back program. The shares were purchased at prices between 2,290.00 and 2,306.00 GBp, with a volume-weighted average price of 2,295.81 GBp. Following cancellation, Endeavour holds no treasury shares, with 241,920,346 shares in issue. Detailed transaction information is provided.
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Gold Mountain Mining Corp. Halts Operations Temporarily
Gold Mountain Mining Corp. is temporarily suspending regular operations at its Elk Gold Mine for resource development and estimation refresh, lasting 4-12 months. This follows an internal review revealing QAQC findings requiring a comprehensive core relogging and resampling, aiming for completion by late October 2025. The company will subsequently develop a new Preliminary Economic Assessment and a 43-101 Technical Report. Key personnel will remain in place throughout the pause.
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Zest Insurance: Willis Disrupts Australian SMEs with a Digital Launch
Willis, a WTW division, launches Zest Insurance in Australia, a digital platform for small and medium enterprises (SMEs). Designed to simplify business insurance, Zest offers a seamless online experience with broker support. It focuses on industry-specific products and digital capabilities, addressing the demand for convenience, speed, and tailored solutions within the AUD 9 billion SME market, starting with administration and support services.
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UL Solutions Addresses Lithium-Ion Battery Fire Hazards with New Certification Programs for Enclosures and Charging Equipment
UL Solutions is launching new testing and certification programs for battery containment enclosures and micromobility charging equipment to address the growing safety concerns around lithium-ion batteries and thermal runaway events. These programs, adhering to UL 1487 and UL 4900 standards, aim to mitigate fire and other hazards, offering an additional layer of protection, and are developed with input from the FDNY.
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IDEX Corporation Declares Quarterly Cash Dividend
IDEX Corporation (NYSE: IEX) announced a regular quarterly cash dividend of $0.71 per share, payable July 25, 2025. This marks its 123rd consecutive quarterly dividend. IDEX is a diversified industrial company manufacturing engineered products and components used in various sectors, including microchip manufacturing, water treatment, satellite communications, healthcare, and fire/rescue. Founded in 1988, IDEX now operates globally with approximately 9,000 employees and annual sales of $3.3 billion.
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PSE&G’s Summer Relief Plan to Shield Residential Customers from Rising Costs Advances
PSE&G is taking measures to alleviate rising summer energy costs for New Jersey residents. From July to August 2025, residential customers will receive a $30 monthly credit. Additionally, reconnection fees will be waived, and a Summer Moratorium will protect income-eligible individuals from shut-offs. PSE&G is also advocating for long-term solutions to address supply-demand imbalances and promote sustainable power generation in the state.
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Saia Honors Employees for Outstanding Safety Dedication
Saia Inc. recognized nearly 8,000 employees for outstanding safety records, celebrating over 55,000 combined years of accident-free service. The awards honored dockworkers, mechanics, and drivers for their commitment to safety, including multiple individuals with over 40 years of safe work or driving. This reinforces Saia’s strong safety culture and its strategic focus on employee well-being and operational excellence.