SYDNEY: MA Financial Group announced today it will acquire IP Generation, a Melbourne-based real estate investment firm, in a deal worth 90.4 million. The acquisition aims to expand MA Financial’s real estate asset management business, increasing its assets under management (AUM) to over 90.4 million. The acquisition aims to expand MA Financial’s real estate asset management business,…
TotalEnergies launches largest solar plant cluster in Europe near Sevilla
PARIS: TotalEnergies has inaugurated its largest solar power plant cluster in Europe, located near Sevilla, Spain. The project includes five solar plants with a combined capacity of 263 MW, capable of producing 515 GWh of renewable electricity annually—enough to power over 150,000 Spanish homes. The facility will also reduce CO₂ emissions by 245,000 tons per year. Most…
Rio Tinto CEO Jakob Stausholm to step down after succession process
SYDNEY: Rio Tinto announced Thursday that Chief Executive Jakob Stausholm will step down later this year following the conclusion of a succession process. Stausholm, who joined the global mining company in 2018 as executive director and chief financial officer, has led Rio Tinto since January 2021. During his tenure, he recalibrated the company’s strategy to align with…
Johnson Matthey to sell Catalyst Technologies business to Honeywell for £1.8 billion
LONDON: Johnson Matthey Plc has agreed to sell its Catalyst Technologies business to Honeywell International Inc. for £1.8 billion ($2.3 billion) in an all-cash deal, the British specialty chemicals company announced Tuesday. The transaction, expected to close in the first half of 2026, will net Johnson Matthey approximately £1.6 billion after adjustments. The company plans…
Royal London to acquire UK-based infrastructure asset manager Dalmore Capital
LONDON: Royal London today announced it has entered into an agreement to acquire Dalmore Capital (Dalmore), a UK-based infrastructure asset manager which manages approximately £6 billion of assets across five flagship funds, subject to regulatory approvals. The transaction supports Royal London’s strategy to broaden its private assets capabilities and provide customers with access to a…
Powder Monkey Group acquires Castle Eden Brewery
LONDON: Powder Monkey Group Limited (PMGL:JPJ), today announced 100% acquisition of Castle Eden Brewery Ltd (CEB) and associated Companies for an undisclosed sum. Andy Burdon, CEO of Powder Monkey Group commented: “Castle Eden Brewery was first established in County Durham in 1826 and has joined PMG after a series of owners after its near 200yr…
Circus SE acquires AI firm FullyAI to build unified nutrition intelligence layer
FRANKFURT: Circus SE (XETRA: CA1), a global leader in AI robotics for the food service industry, announced Wednesday the successful acquisition of agentic AI company FullyAI, a major step in its mission to create a unified intelligence layer across its robotics and software systems. FullyAI will serve as the cognitive engine for Circus’ ecosystem, beginning…
Ithaca Energy reports record production amid UKCS expansion
LONDON: Ithaca Energy announced Wednesday unaudited financial results for the first quarter of 2025, highlighting record production and adjusted EBITDAX following its transformational business combination with Eni UK and strategic acquisitions in the UK Continental Shelf (UKCS). Key Financial Highlights – Record quarterly production: 127,400 barrels of oil equivalent per day (boe/d), up from 58,699…
Great Portland Estates reports strong results, upgrades growth outlook
LONDON: Great Portland Estates plc announced robust financial results for the year ended March 31, 2025, highlighted by strong leasing performance, portfolio growth, and an upgraded rental value forecast. The London-focused property group reported a 3.6% increase in portfolio valuation, reaching £2.9 billion ($3.7 billion), with prime office capital values rising 12.8%. Rental values grew…
HICL Infrastructure expands buyback and boosts dividend guidance
LONDON: HICL Infrastructure PLC announced its annual results for the year ended March 31, 2025, reporting a decline in net asset value (NAV) per share but highlighting solid operational performance and an expanded share buyback program. The company’s NAV per share decreased by 5.1 pence (-3.2%) to 153.1 pence, primarily due to an increase in…
MHP SE reports strong Q1 2025 results despite war-related challenges
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…