For six months, the company posted statutory revenue of £822.2 million, down 1% LONDON: Spirax Group reported half-year results Tuesday that were in line with expectations, reaffirming its full-year guidance despite macroeconomic headwinds and restructuring costs. For the six months ended June 30, the company posted statutory revenue of £822.2 million, down 1% from £827.0…
Author: Ali Mirza
Gemfields to sell Fabergé to SMG Capital for $50 million
LONDON: Gemfields Group Ltd. said Monday it has signed an agreement to sell its entire interest in Fabergé Limited, the iconic luxury brand, to SMG Capital LLC for $50 million. Under the terms of the deal, $45 million will be paid to Gemfields upon completion, expected on Aug. 28, 2025. The remaining $5 million will…
Just Group reports dip in first-half profit, forecasts strong rebound in second half of 2025
CEO cites quieter DB market, announces 20% dividend increase amid strategic investments for future growth LONDON: Just Group PLC, a specialist in retirement solutions, reported mixed financial results for the first half of 2025, with a dip in underlying operating profit and sales attributed to a quieter market at the start of the year. However,…
Saudi Aramco posts $50.9bn H1 profit amid market volatility; Maintains 100% supply reliability
Energy giant advances upstream projects, boosts AI capacity and renewables, declares $42.7 billion in dividends despite lower crude prices RIYADH: Saudi Aramco (2222.SE), the world’s largest oil exporter, reported a robust financial performance for the first half of 2025, posting an adjusted net income of $50.9 billion despite lower crude prices and geopolitical headwinds. The…
Rotork Plc reports solid H1 2025 performance, driven by growth+ strategy
Adjusted operating profit climbed 10.1% OCC to £80.8 million, with margins improving to 22.0%. LONDON: Rotork plc reported a resilient first-half performance for 2025, with strong order intake and steady revenue growth, underscoring the effectiveness of its Growth+ strategy despite macroeconomic volatility. The engineering group posted a 6.3% year-on-year increase in order intake on an…
IMI Plc reports solid first-half performance, reconfirms full-year guidance
IMI delivers 5% profit growth, reaffirming full-year earnings outlook LONDON: IMI Plc reported a resilient financial performance for the first half of 2025, with organic revenue rising 2% and organic adjusted operating profit up 5%, despite foreign exchange headwinds that led to a 1% decline in statutory revenue. The company’s adjusted operating margin improved by…
Brookfield’s BWS Holdings makes £2.4 billion bid to acquire UK’s Just Group
LONDON: Brookfield Wealth Solutions (BWS) is making a bold move into the UK insurance market. On Wednesday, BWS Holdings Ltd.—via its subsidiary Bidco—announced a £2.4 billion all-cash offer to acquire the entirety of Just Group PLC, a British retirement-focused insurer. The acquisition will be executed through a court-sanctioned scheme of arrangement under the UK’s Companies…
Rio Tinto reports resilient H1 2025 earnings amid portfolio diversification
Rio Tinto allocates $1b annual spend for mine closures, including Gove refinery rehabilitation LONDON: Rio Tinto announced first-half net earnings of $4.5 billion attributable to shareholders on Wednesday, down from $5.8 billion a year earlier, as lower iron ore prices offset gains from copper and aluminum operations. Underlying earnings before interest, taxes, depreciation, and amortization (EBITDA)…
GSK signals confidence with robust Q2 as specialty medicines surge
Operating profit up 33% as strong product mix and R&D drive gains GSK Plc reported another solid quarter in Q2 2025, underscoring its trajectory toward the top end of its full-year guidance. Bolstered by strong growth in Specialty Medicines and Vaccines, the British pharmaceutical giant posted total revenues of £8.0 billion, up 6% at constant…
Valterra Platinum posts a 46% drop in EBITDA in six months
LONDON: Valterra Platinum Ltd. reported a 46% drop in EBITDA to R6.6 billion for the six months ended June 30, reflecting lower PGM sales volumes and one-off demerger costs, the company said Monday. Despite two fatalities at Unki and Dishaba mines during the first half, CEO Craig Miller reaffirmed safety as a top priority and…
GSK, China’s Hengrui Pharma ink $500m deal to co-develop 12 innovative medicines
LONDON: GSK plc announced Monday that it has entered into agreements with China-based Hengrui Pharma to co-develop up to 12 innovative medicines spanning respiratory, immunology, inflammation and oncology indications, marking a major expansion of the British pharmaceutical giant’s pipeline beyond 2031. The collaboration includes an exclusive license for HRS-9821, a potential best-in-class PDE3/4 inhibitor in…
Close Brothers Group to sell Winterflood Securities to Marex Group for £103.9 million in cash
LONDON: Close Brothers Group has agreed to sell its execution services and securities business, Winterflood Securities to Marex Group plc for a consideration amount of approximately £103.9 million in cash. The Transaction is aligned with the group’s strategic priorities to simplify the portfolio, enhance operational efficiency and drive sustainable growth. As previously outlined, Close Brothers is actively…