LONDON: HgCapital Trust plc reported a rise in its net asset value for the quarter ended Sept. 30, 2025, driven by robust trading within its portfolio of unquoted European technology firms, the company announced Thursday. The trust, which offers a listed vehicle for investing in companies managed by private equity firm Hg, saw its NAV per…
ArcelorMittal reports $1.5 billion EBITDA in third quarter amid market challenges
LUXEMBOURG: ArcelorMittal, the world’s leading steel and mining company, announced third-quarter earnings of $1.5 billion in EBITDA on Wednesday, demonstrating what it called “resilient operating results at the bottom of the cycle.” The company reported net income of $377 million, or $0.50 per share, for the three months ended Sept. 30, 2025. On an adjusted basis,…
IMCD reports mixed results amid economic challenges, continues expansion through acquisitions
ROTTERDAM: Global specialty chemicals distributor IMCD N.V. reported a slight dip in a key profit metric for the first nine months of 2025, citing ongoing macroeconomic challenges and negative currency impacts, the company announced Thursday. The company’s operating EBITA, a measure of earnings, decreased 2% to 394 million euros ($422 million) compared to the same…
IPH Limited CEO Andrew Blattman to retire in 2026 after 9 years
SYDNEY: IPH Limited, a leading intellectual property services group, announced Thursday that its Managing Director and Chief Executive Officer, Dr. Andrew Blattman, will retire in the second half of 2026. Blattman, who has been with the company for 30 years and has led it for nearly nine, informed the board of his decision. He will…
Cluey to acquire Education Futures Group for up to $6.5 million
SYDNEY: Cluey Ltd (ASX: CLU), Australia’s largest online tutoring platform, has announced a binding agreement to acquire Education Futures Group Pty Ltd (EFG), the parent company of the Art of Smart group, in a deal valued at up to $6.5 million. The acquisition is part of Cluey’s strategic push into hybrid education, combining its digital…
Scout Security to acquire Roo Inc. in merger of equals
SYDNEY: Scout Security Ltd. (ASX: SCT), a white-label security-as-a-service platform, announced Wednesday it has entered into a binding agreement to acquire New York-based DIY home security innovator Roo Inc. in a merger of equals. The deal, valued at approximately A$7.11 million, will combine Scout’s technology with Roo’s product suite, intellectual property, and distribution partnerships. The…
What a Zohran Mamdani mayoralty would mean for NY business
Zohran Mamdani’s NYC Win Signals Progressive Economic Shift with National Implications Zohran Mamdani is a prominent figure in New York’s progressive left, and his election would represent a seismic shift in the city’s—and potentially the country’s—political and economic landscape. Here’s a detailed breakdown of how the election of Zohran Mamdani as Mayor of New York…
Ripple raises $500 million, hits $40 billion valuation amid U.S. crypto policy shift
SAN FRANCISCO — Ripple, the digital assets and infrastructure firm closely associated with the cryptocurrency XRP, said Wednesday it has raised $500 million in new funding, lifting its valuation to $40 billion as it accelerates expansion beyond payments and deepens ties with institutional finance. The funding round was led by affiliates of Fortress Investment Group…
VVV Sports Limited signs terms to acquire R3 Sport Limited
LONDON – VVV Sports Limited, a company incorporated in the British Virgin Islands with its ordinary shares admitted to trading on the Aquis Stock Exchange Growth Market, has signed non-binding heads of terms in connection with its proposed acquisition of R3 Sport Limited. The combined business strategy of VVV and R3 is intended to focus on…
Built Cybernetics has disposed subsidiary Anders + Kern U.K. Limited
LONDON: The Board of Built Cybernetics (AIM:BUC), the smart buildings group, confirms that it has disposed of its subsidiary Anders + Kern U.K. Limited (A+K) to Barrie Meehan, A+K’s Managing Director, for a nominal sum. As set out in the Company’s announcement of 1 October the effect of the transaction is to dispose of…
Jabil Inc. to acquire Hanley Energy Group for $725 million
ST. PETERSBURG: Jabil Inc. (NYSE: JBL) said on Wednesday it has entered into a definitive agreement to acquire Hanley Energy Group, a provider of energy management and critical power solutions for data centers, in an all-cash deal valued at approximately $725 million. The agreement includes up to $58 million in contingent consideration tied to future…
Gimv invests in Belgian food tech firm Quality Guard to expand European food safety platform
ANTWERP: Belgian private equity firm Gimv has taken a minority stake in Quality Guard, a fast-growing food tech company that provides a software platform to help foodservice and retail businesses manage food safety compliance. Quality Guard, founded and led by co-CEOs Wim and Achlie Van Gierdegom, offers a SaaS platform that digitizes and automates food…