Dec 30 (Reuters) - Goodman Group's (GMG.AX) , opens new tab stock has been on a hot streak this year, shining bright among its Australian real-estate peers as the artificial intelligence boom has driven a frenzied demand for data centres. Global "hyperscalers", or large-scale cloud service providers, such as Amazon (AMZN.O) , opens new tab , Microsoft (MSFT.O) , opens new tab and Meta (META.O) , opens new tab , have been spending billions on data centres to cater to growing demand for AI services. Australia's data-centre market, though nascent, saw outsized investment this year with Blackstone (BX.N) , opens new tab buying AirTrunk for A$24 billion ($14.91 billion) in September and developer NEXTDC (NXT.AX) , opens new tab raising nearly A$4.6 billion in equity and debt . Goodman, the country's biggest property developer, counts the world's largest hyperscalers as its customers, its website says, but the company did not confirm the identities of its customers in response to Reuters. Its inventory, however, reflects the heightened demand for these specialized facilities, with data centres under construction making up 42% of its A$12.8 billion ($7.96 billion) portfolio of projects under development at the end of September, up from 37% at the end of last year. This has sent its stock flying 45.8% higher this year, positioning Goodman for its best performance since 2006. It is also the Australian real estate index's (.AXRE) , opens new tab top performer. Higher exposure to data centres in development makes the market more comfortable paying a higher multiple for the business, said John Lockton, head of investment strategy at Sandstone Insights. "Investments into data centres continue to see momentum ... We expect this environment to continue to support Goodman – CAPEX outlook for hyperscalers implies ongoing growth for FY25." The consensus is split on whether Goodman's stock rise can continue. Some factions of the market highlighted that investor interest in data-centre-focused stocks has begun to cool as valuations get rich. They drew caution from landlord DigiCo Infrastructure REIT's (DGT.AX) , opens new tab initial public offering this month, where it raised A$2 billion , but the stock fell 9% on debut. "We think Goodman's securities are expensive at current prices ... we are more cautious about assuming maintainable excess returns from DC investment in the longer term," said Winky Yingqi Tan, a Morningstar analyst focused on REITs. Tan also flagged risks of data-centre obsolescence leading to capital-intensive upgrades, and rivals adding more supply, as factors that could erode Goodman's returns over time. Lockton, however, remains upbeat on Goodman's prospects. He lauds its existing pipeline, and access to land with power supply that can be converted to data centres, which rivals have flagged as difficult to obtain. ($1 = 1.6093 Australian dollars) Sign up here. Reporting by Aaditya Govind Rao and Roushni Nair in Bengaluru; Editing by Rushil Dutta and Rod Nickel Our Standards: The Thomson Reuters Trust Principles. , opens new tab

SAN DIEGO, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a class action was filed on behalf of persons and entities that purchased or otherwise acquired Symbotic Inc. (NASDAQ: SYM) securities between February 8, 2024 and November 26, 2024. Symbotic is an automation technology company that engages in the production of a robotics and automation-based product movement technology platform. For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that Symbotic Inc. (SYM) Failed to Disclose Material Weaknesses in its Internal Control Over Financial Reporting According to the complaint, on November 27, 2024, the Company filed with the SEC a Form 8-K/A, in which the Company revealed it had "identified errors in its revenue recognition related to cost overruns on certain deployments that will not be billable, which additionally impacted system revenue, income (loss) before income tax, net income (loss) and gross margin recognized in the second, third, and fourth quarters of fiscal year 2024." Further, the Company indicated that its previously issued financial statements for the fourth quarter and fiscal year 2024 and the Company’s supplemental presentation, should no longer be relied upon. On this news, the price of Symbotic stock fell over 35%, to close at $24 per share on November 27, 2024. What Now : You may be eligible to participate in the class action against Symbotic Inc. Shareholders who want to serve as lead plaintiff for the class must submit their application to the court by February 3, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here . All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Robbins LLP : Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders. To be notified if a class action against Symbotic Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3edbf291-c5a4-45f0-a769-259266b2c15bFDA Grants Revascor® (Rexlemestrocel-L) Regenerative Medicine Advanced Therapy (RMAT) Designation in Children with Congenital Heart Disease

SINGAPORE: Singapore stocks saw little change on Monday morning, with global markets showing mixed performance as trading volumes remained light with the New Year holiday approaching. The Straits Times Index (STI) edged up 0.03%, or 1.22 points, to 3,772.85 at 9:03 am, as reported by The Business Times. In the broader market, 56 stocks gained while 46 declined, with 51.2 million securities valued at S$42.5 million traded. Biolidics led in trading volume, rising 6.9%, or S$0.002, to S$0.031, with 4.6 million shares traded. Other active counters were Genting Singapore, which retreated 1.3%, or S$0.01, to S$0.755, and Yangzijiang Shipbuilding, which increased 0.3%, or S$0.01, to S$2.94. Local banks showed mixed results at the open. UOB dipped 0.03%, or S$0.01, to S$36.01, while DBS fell 0.1%, or S$0.03, to S$43.52. Meanwhile, OCBC edged up 0.1%, or S$0.01, to S$16.53. Asian stocks fell slightly on Monday as high treasury yields challenged Wall Street valuations and boosted the US dollar. The MSCI Asia-Pacific index, excluding Japan, dropped 0.2% but remains 16% higher for the year. Japan’s Nikkei also slipped 0.2% but is still up 20% in 2024. South Korea’s main index declined 0.4% and is down more than 9% for the year, weighed by recent political uncertainty after Acting President Choi Sang-mok took office two days ago. Wall Street ended the previous week with losses as major companies saw declines during the holiday period. The Dow Jones Industrial Average fell 0.8% to 42,992.21, the S&P 500 retreated 1.1% to 5,970.84, and the Nasdaq Composite Index declined 1.5% to 19,722.03. In Europe, most markets closed higher on Friday. Germany’s DAX increased 0.7%, France’s CAC 40 gained 1%, and Britain’s FTSE 100 rose 0.2%. The pan-European Stoxx 600 also rose 0.7%, reaching its highest level in a week and gaining about 1% over the week. Trading volumes were lower than usual as some markets remained closed. It also marked its first weekly increase in three weeks, helped by gains in healthcare and financial stocks. / TISG Read also: Singapore stocks rose as trading began on Friday morning—STI increased 0.6% Featured image by Depositphotos

The 27-year-old achieved the feat with a 23-yard run during the fourth quarter of the Eagles’ crushing 41-7 success at Lincoln Financial Field. Barkley is 100 yards short of Eric Dickerson’s record of 2,105 yards, set in 1984 for the Los Angeles Rams, ahead of next week’s regular season finale against the New York Giants. Single-season rushing record in reach. @saquon @Eagles pic.twitter.com/iSHyXeMLv1 — NFL (@NFL) December 29, 2024 However, he could be rested for that game in order to protect him from injury ahead of the play-offs. The Tampa Bay Buccaneers kept alive their dreams of reaching the play-offs by overcoming the Carolina Panthers 48-14. Veteran quarterback Baker Mayfield produced a dominant performance at Raymond James Stadium, registering five passing touchdowns to equal a Buccaneers franchise record. he BAKED today 👨‍🍳 pic.twitter.com/eFX9fd1w5P — NFL (@NFL) December 29, 2024 The Buffalo Bills clinched the AFC conference number two seed for the post season with a 40-14 success over the New York Jets at Highmark Stadium. Josh Allen passed for 182 yards and two touchdowns, while rushing for another. Buffalo finish the 2024 regular season undefeated at home, with eight wins from as many games. The Indianapolis Colts’ hopes of reaching the play-offs were ended by a 45-33 defeat to the Giants. FINAL: Drew Lock accounts for 5 TDs in the @Giants victory! #INDvsNYG pic.twitter.com/N8HJYth09F — NFL (@NFL) December 29, 2024 Malik Nabers exploded for 171 yards and two touchdowns and Ihmir Smith-Marsette broke a 100-yard kick-off return to give the Giants their highest-scoring output under head coach Brian Daboll. Quarterback Drew Lock threw four touchdown passes and accounted for a fifth on the ground to seal the win. Elsewhere, Mac Jones threw two touchdowns to help the Jacksonville Jaguars defeat the Tennessee Titans 20-13, while the Las Vegas Raiders beat the New Orleans Saints 25-10.

India can set global benchmark for sustainable mobility with EV goals: Report NEW DELHI: With EV sales reaching 1.2 million and achieving 5 per cent market penetration in FY24, the shift toward electric mobility is rapidly gaining momentum in India, a report said on Thursday, adding that right policy support and faster decision-making can help in fostering collaborations across stakeholders. EVs are emerging as a transformative solution, in line with India’s COP26 commitment to transition to 100 per cent zero-emission vehicles by 2040. According to the KPMG in India-CII report, infrastructure and policy are the key to accelerating EV adoption in India’s $5 trillion economy vision. “The electric vehicle revolution marks the dawn of a new era for India — one defined by innovation, economic growth, and environmental stewardship. This is more than just a shift to zero-emission transportation; it’s a systemic transformation of infrastructure, finance, technology, and mindsets,” said Raghavan Vishwanathan, Partner-Automotive, KPMG in India. “By addressing infrastructure gaps, creating affordable pathways for consumers, and building societal trust in EVs, India can set a global benchmark for sustainable mobility, green growth, and inclusive prosperity,” he added. The report identifies four key pillars essential to accelerating EV adoption: physical infrastructure (expanding charging networks and improving battery recycling), power infrastructure (managing demand and integrating renewable energy), economic infrastructure (ensuring affordable financing and optimized taxation), and social infrastructure (raising stakeholder awareness and promoting education). High EV penetration in states like Karnataka, Maharashtra, Delhi, and Kerala with over 1,000 charging stations shows the importance of infrastructure. The World Bank finds infrastructure focus four times more effective than demand incentives. Many factors such as policy support, total cost of ownership parity, startup ecosystem, and technology access are aiding the growth. In addition, India has set the ambitious target of 30 per cent penetration by 2030 as part of EV30@30 campaign. “Right policy support and faster decision-making can help in fostering collaborations across stakeholders in the EV ecosystem including government bodies, private enterprises, and international partners which shall drive innovation and investment, requisite for development of infrastructure that keeps pace with the growing demand for EVs,” according to the report. AgenciesBusiness News | Refroid Technologies Unveils India's First Liquid Immersion Cooling Solutions for Next-Gen Data Centers

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