LONDON: Agricultural and food processing company MHP SE reported stable operational and financial performance in the first quarter of 2025, driven by steady export and domestic sales, strong poultry demand, and favorable pricing. However, the company warned that ongoing war-related disruptions could impact future results. Operational Performance MHP’s poultry production in Ukraine remained stable year-over-year…
JD Sports reports revenue growth amid strategic acquisitions
LONDON: JD Sports Fashion Plc, a leading global retailer of sports, fashion and outdoor brands, reported increased revenue for its fiscal year ending Feb. 1, 2025, while announcing a sharper focus on profitability and shareholder returns. The company said Thursday that group revenue rose 12% on a constant currency basis, with organic sales growth of…
Sovereign Metals secures power supply deal for Malawi Mining Project
LONDON: Sovereign Metals Limited announced Tuesday it has signed a non-binding agreement with Malawi’s state power utility to secure long-term electricity supply for its Kasiya Rutile Graphite Project. The memorandum of understanding with the Electricity Supply Corporation of Malawi (ESCOM) sets the stage for future negotiations on a power supply deal and infrastructure development, including…
Aurrigo, Swissport to launch autonomous transport trials at Zurich Airport
ZURICH: Aurrigo International plc (AIM: AURR) has entered a three-year strategic partnership with Swissport International AG to deploy autonomous transport technology at Zurich Airport, marking a step toward automation in airport ground services. Under the agreement, Aurrigo and Swissport will conduct a six-month trial that includes an Auto-Sim® contract to model Zurich Airport and a…
Central Asia Metals to acquire New World Resources in $119 million deal
LONDON: Central Asia Metals Plc (AIM: CAML) has agreed to acquire Australia-based New World Resources Ltd. (ASX: NWC) in a transaction valuing the company at A$185 million (US$119 million), the companies announced Wednesday. Under the terms of a definitive Scheme Implementation Deed, CAML will pay A$0.05 per share in cash for all outstanding NWR shares….
Apax Funds to acquire Finastra’s Treasury and Capital Markets Division
LONDON: Apax Global Alpha Limited (“AGA”), the closed-ended investment company providing access to the Apax Private Equity Funds, today announces that it expects to invest approximately €25m in the Treasury and Capital Markets (“TCM”) division of Finastra on a look-through basis. On 19 May 2025, Apax XI Fund (“Apax XI”), in which AGA is a…
First Au Limited signs deal to acquire Nimba Gold Project in Liberia
BALWYN: First Au Limited (ASX: FAU) announced Wednesday it has entered into a binding term sheet to acquire up to 100% of the Nimba Gold Project in Liberia, a high-potential exploration site in the mineral-rich West African Craton. The deal, which includes an initial 70% earn-in option, covers an 831.09-square-kilometer tenement package in northern Liberia,…
Razer unveils thinnest-ever Blade 14 laptop with Nvidia RTX 50-Series GPUs
Razer has launched the latest iteration of its Blade 14 gaming laptop, calling it the company’s thinnest-ever 14-inch model. The redesigned device features Nvidia’s GeForce RTX 5060 and 5070 mobile GPUs, alongside AMD’s Ryzen AI 9 365 processor. The new Blade 14 measures just 15.7mm at its slimmest point and weighs 1.63kg. Milled from a single block…
ASUS Unveils 3000-Watt Pro Workstation PSU for High-Powered AI Systems
TAIPEI: ASUS has launched a massive 3,000-watt power supply unit (PSU) designed for high-performance workstations and AI systems, capable of supporting up to four next-generation RTX 5090 graphics cards. The ASUS Pro Workstation PSU features four 12V-2×6 power ports and comes with pre-etched cables for CPU and PCIe connections. Despite its high output, the unit measures just…
AMD sells ZT Systems’ server manufacturing to Sanmina
SAN JOSE: Advanced Micro Devices Inc. (AMD) is selling the server manufacturing business of recently acquired ZT Systems to Sanmina Corp. in a deal worth up to $3 billion, as the chipmaker shifts focus to U.S.-based production of artificial intelligence hardware. The agreement, announced Monday, underscores AMD’s push to onshore more of its supply chain amid rising…
Diploma PLC upgrades FY25 guidance after strong H1 performance
LONDON: Diploma PLC, the FTSE 100-listed value-add distribution group, has reported robust half-year results for the six months ended 31 March 2025, prompting an upgrade to its full-year guidance. The company cited strong organic growth, disciplined cost management, and accretive acquisitions as key drivers behind the positive performance. Financial Highlights – Revenue: £728.5 million, up…
Temenos launches generative AI assistant to accelerate banking product innovation
GENEVA: Temenos (SIX: TEMN), a global leader in banking technology, announced Tuesday the launch of Temenos Product Manager Copilot, a generative AI-powered assistant designed to help banks create, test and optimize financial products faster. The new tool integrates Microsoft Azure OpenAI Service and is embedded within Temenos’ retail core banking platform. It allows product, IT…