BMO Financial To Acquire Radicle Group For Undisclosed Terms

RTTNews | 1009 일 전
BMO Financial To Acquire Radicle Group For Undisclosed Terms

(RTTNews) - BMO Financial Group (BMO, BMO.TO) announced Wednesday that it has entered into a definitive agreement to acquire Radicle Group Inc., a Calgary-based leader in sustainability advisory services and solutions, and technology-driven emissions measurement and management. Terms were not disclosed.

The transaction is subject to receipt of required regulatory approvals and other customary conditions. It is expected to close by the end of calendar 2022.

Founded in 2008, Radicle has established a reputation as a leading developer of carbon offsets and for helping organizations measure and reduce emissions. Radicle has 130 employees and over 4,000 clients globally.

"The acquisition of Radicle supports BMO's Climate Ambition to be our clients' lead partner in the transition to a net-zero world, and the progress we're making for a thriving economy, a sustainable future, and an inclusive society," said Dan Barclay, CEO, BMO Capital Markets.

Radicle's leading expertise and innovative solutions make BMO a leader in carbon credit development capabilities and the environmental commodity market.

By joining BMO, Radicle will be able to continue serving its existing customers, accelerate its emissions reduction efforts, scale its activities across BMO's client network, develop additional sustainability services, and enter new markets.

read more
BMO Financial Q1 Profit Plunges; Declares Dividend

BMO Financial Q1 Profit Plunges; Declares Dividend

Bank of Montreal (BMO, BMO.TO) reported Tuesday that its first-quarter net income was C$247 million or C$0.30 per share, sharply lower than C$2.93 billion or C$4.43 per share in the prior-year quarter.
RTTNews | 787 일 전
European Economic News Preview: UK Retail Sales Data Due

European Economic News Preview: UK Retail Sales Data Due

Retail sales from the UK and business confidence from France are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK retail sales for March. Sales are forecast to fall 0.3 percent month-on-month, in contrast to the 1.0 percent increase in February.
RTTNews | 1 시간 3 분 전
Sensex, Nifty Edge Higher In Cautious Trade

Sensex, Nifty Edge Higher In Cautious Trade

Indian shares traded slightly higher on Friday, mirroring firm cues from global markets as traders hoped for favorable outcome from ongoing trade negotiations and comments by a Federal Reserve official bolstered odds that the central bank will cut interest rates as early as June.
RTTNews | 2 시간 27 분 전
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are mostly higher on Friday, following the broadly positive from Wall Street overnight, as traders remain optimistic about a favorable outcome from the ongoing tariff negotiations between the U.S. and several partner countries, particularly China, Japan, South Korea and India. Comments from two US Fed officials about cutting interest rates also improved market sentiment.
RTTNews | 3 시간 23 분 전
Japanese Market Sharply Higher

Japanese Market Sharply Higher

Extending the gains in the previous two sessions, the Japanese market is sharply higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is surging to stay just below the 35,600 level, with gains across all sectors led by index heavyweights, exporters and technology stocks.
RTTNews | 3 시간 50 분 전