• Insider Monkey

    CarGurus (CARG) Increased on Accelerated Marketplace Growth

    Meridian Funds, managed by ArrowMark Partners, released its “Meridian Small Cap Growth Fund” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. During the final months of the year, optimism prevailed due to news of reducing inflation and the potential for lower interest rates in 2024. The fund returned 13.64% (net) […]

  • Reuters

    Treasury Wine to resume distribution in China after import tariffs end

    Treasury Wine will use partnerships with customers in China to distribute its Penfolds entry-level Australian origin portfolio as well as its Premium Brands Australian-sourced priority portfolio, it said. In addition to resuming distribution, it plans to expand sales and increase its marketing resources and brand investment in China. Sales diminished after tariffs of up to 218.4% were first imposed in March 2021 for a period of five years along with other trade barriers on Australian commodities when ties soured after Canberra called for an investigation into the origins of COVID-19.

  • Reuters

    Fincantieri to supply two offshore patrol vessels to Indonesia

    Italy's Fincantieri said on Thursday it had signed a 1.18 billion euro ($1.27 billion) contract with Indonesia's defence ministry to supply two offshore patrol vessels. The shipbuilder company will act as prime contractor and will coordinate with other industrial partners, including defence group Leonardo, which will customise the combat systems and the logistics services of the two ships, originally intended for the Italian navy. The deal could lead to further operational, industrial and technological cooperation between the Italy and Indonesia, Fincantieri said in a statement.