OSBORNE PARK: Spenda Limited (ASX: SPX), a software company specializing in payment solutions and embedded finance, announced Tuesday a strategic partnership with APG Pay Pty Ltd to develop a closed-loop corporate credit platform. The collaboration aims to streamline business-to-business (B2B) payments across multiple industries. Under the agreement, Spenda and APG Pay, a subsidiary of Singapore-based…
U.K.-U.S. trade deal takes effect, cuts tariffs on British cars but leaves metals in question
LONDON: A new U.K.-U.S. trade deal took effect Monday, granting British car exports preferential tariff rates while leaving final levies on metal shipments unresolved. The agreement, the first Washington has struck since President Donald Trump announced reciprocal tariffs in April, imposes a blanket 10% duty on most British goods entering the U.S. For autos, the…
OptiBiotix reports strong revenue growth and expands global footprint in 2024
LONDON: OptiBiotix Health plc (AIM: OPTI), a UK-based life sciences company focused on microbiome modulation and healthy sugar alternatives, reported a 35% increase in annual revenue for the year ending Dec. 31, 2024, signaling a strong turnaround bolstered by international expansion and ecommerce growth. Revenue rose to £870,000 from £644,000 in 2023, driven by increased…
AdvancedAdvT reports strong fiscal 2025 results, highlights growth and acquisitions
LONDON: AdvancedAdvT Limited (LSE: ADVT), an international software solutions provider for business, compliance, and human capital management, reported significant revenue and profit growth in its year-end results for the 12 months ending Feb. 28, 2025. The company posted revenue of £43.3 million ($54.8 million), up from £21.1 million in the prior eight-month period ending Feb….
Belluscura initiates $1.5 million loan note and $12 million fundraising plan
LONDON: Belluscura plc (AIM: BELL), a UK-based medical device innovator specializing in portable oxygen enrichment technology, has launched a strategic funding initiative to strengthen its capital base and support growth. As part of the plan, the company’s wholly owned U.S. subsidiary, Belluscura LLC, has signed a secured convertible loan note agreement to raise up to…
Polar Capital CEO Gavin Rochussen to retire; Iain Evans named successor
LONDON: Polar Capital Holdings plc announced Monday that Chief Executive Officer Gavin Rochussen will retire later this year, ending an eight-year tenure during which the firm’s assets under management more than doubled. Rochussen will officially step down from his CEO role and board position following the company’s Annual General Meeting on Sept. 25, 2025. He…
Fulcrum Metals reports progress on gold tailings strategy in year-end 2024 results
KIRKLAND LAKE: Fulcrum Metals plc (AIM: FMET), a technology-led company focused on recovering precious metals from mine tailings in Canada, on Monday reported its final results for the year ended Dec. 31, 2024, highlighting a strategic pivot toward gold tailings processing and key mineral discoveries. During the year, the company formalized a definitive option agreement…
Brightstar, Aurumin pursue merger to consolidate sandstone gold projects
PERTH: Brightstar Resources Ltd. (ASX: BTR) and Aurumin Ltd. (ASX: AUN) said Monday they are in advanced talks over a proposed merger aimed at consolidating their tenement holdings in Western Australia’s Central Sandstone region. The potential all-scrip transaction would see Brightstar acquire Aurumin through a scheme of arrangement, with Aurumin shareholders offered one Brightstar share…
Phoenix Digital Assets posts strong FY2024 results, Returns £33.7 million to shareholders
LONDON: Phoenix Digital Assets PLC (AQSE: PNIX) on Monday reported a sharp rise in profits for the fiscal year ended Dec. 31, 2024, and announced a major capital return to shareholders following a significant share buyback. The company posted a post-tax profit of £19.7 million, up from £17.6 million in 2023, with net asset value…
Nine Entertainment’s Stan acquires Optus Sport assets, expands football coverage
SYDNEY: Nine Entertainment Co. (ASX: NEC) announced Monday that its subsidiary, Stan, has agreed to acquire selected assets of Optus Sport, including media rights for the Premier League and Emirates FA Cup, in a deal set to enhance its sports streaming portfolio. The acquisition, effective Aug. 1, includes Optus Sport’s media rights agreements, subscriber contracts…
Dalata to open first hotel in Berlin in partnership with Deka Immobilien
BERLIN: Dalata Hotel Group plc, the largest independent four-star hotel operator in the UK and Ireland, has signed a lease agreement with Deka Immobilien to operate a new Clayton Hotel in Berlin, marking its first property in the German capital. The 274-room property, currently operating as the Novotel Berlin Am Tiergarten, is undergoing an 18-month…
ActiveOps acquires workforce optimization firm Enlighten in $21.5 million deal
LONDON: ActiveOps plc (AIM: AOM), a global leader in Decision Intelligence software for service operations, has acquired Enlighten, a workforce optimization software and professional services firm, in a deal worth up to $21.5 million (£15.9 million). The acquisition, funded through existing cash reserves and future operating cash flow, is expected to double ActiveOps’ North American revenue and expand its footprint in the Asia-Pacific (APAC)…