Fonix to hold AGM and proposes 5.90p final dividend

An Islamic fund has announced its decision to adopt an internal dividend purification model, which is a significant step towards ensuring compliance with Sharia principles in investment practices. This model aims to enhance transparency and ethical standards in financial dealings, making it a noteworthy development for investors seeking Sharia-compliant options. By purifying dividends, the fund not only aligns with religious guidelines but also builds trust among its stakeholders, potentially attracting more investors who prioritize ethical investing.

CSW Industrials has announced a quarterly dividend of $0.27 per share, a move that reflects the company's strong financial health and commitment to returning value to its shareholders. This dividend is significant as it not only rewards existing investors but also signals to potential investors that the company is performing well, making it an attractive option in the market.

PayPoint shareholders have given the green light for a special dividend and share consolidation, marking a significant moment for the company. This decision not only rewards investors but also reflects the company's strong financial health and commitment to returning value to its shareholders. Such moves can boost investor confidence and potentially attract new investors, making it an important development in the financial landscape.

Con Edison has announced a quarterly dividend of 85 cents per share, a move that reflects the company's strong financial health and commitment to returning value to its shareholders. This decision is significant as it not only rewards investors but also signals confidence in the company's ongoing performance and stability in the energy sector.

AGM stock has reached a 52-week low, hitting 156.02 USD, which raises concerns among investors about the company's performance and market position. This decline could indicate underlying issues that may affect future growth and investor confidence.

HSBC is set to announce its Q3 2025 earnings soon, which is a significant event for investors and stakeholders. The announcement will also include considerations for a third interim dividend, reflecting the bank's financial health and commitment to returning value to its shareholders. This news is important as it can influence market perceptions and investor confidence in HSBC's future performance.

A US court has ordered the spyware company NSO to cease its targeting of WhatsApp, a significant ruling that underscores the growing scrutiny on surveillance technologies. This decision is important as it aims to protect user privacy and sets a precedent for how courts may handle similar cases in the future.

Kering is reportedly close to finalizing a $4 billion sale of its beauty unit to L’Oreal, according to the Wall Street Journal. This deal is significant as it marks a strategic shift for Kering, allowing the luxury goods company to focus more on its core fashion brands while L’Oreal expands its portfolio in the beauty sector. Such a transaction could reshape the competitive landscape in the beauty industry, highlighting the ongoing trend of consolidation among major players.

Nvidia is making waves in the AI sector with its Vera Rubin project, potentially sparking another surge in artificial intelligence advancements. The company has transformed from a traditional tech player to a market leader, boasting a market cap exceeding $4 trillion. This growth not only highlights Nvidia's pivotal role in the tech industry but also positions it as a key driver of the S&P 500, influencing broader market trends. As AI continues to evolve, Nvidia's innovations could shape the future of technology and investment.

Paramount and Skydance are set to cut 2,000 jobs in the U.S. starting the week of October 27, as reported by Variety. This significant reduction in workforce highlights the ongoing challenges faced by the entertainment industry, particularly in the wake of economic pressures and changing consumer behaviors. The layoffs not only impact the employees directly affected but also signal broader trends in the industry that could affect future productions and job stability.

In a candid admission, Stephen Moore, a former economic advisor to Trump, has expressed concerns about the negative impact of tariffs on economic growth and consumer prices. Speaking to Fortune, he highlighted that tariffs essentially act as taxes, which he believes are detrimental to the economy. Moore also voiced apprehension over Trump's recent comments regarding price controls on essential goods like drugs and beef, suggesting that such interventions could further complicate economic stability. This matters because it reflects a growing unease among even Trump's allies about the long-term effects of his economic policies.

The seafood industry is facing significant challenges, with many chains, including Red Lobster, struggling to stay afloat. Rising costs of key ingredients like shrimp and lobster, combined with a decline in consumer interest, have led to a series of restaurant closures, leaving only 18 locations operational. This situation highlights the broader issues within the industry, as affordable seafood becomes increasingly difficult to provide, impacting both businesses and consumers.