LONDON: The PRS REIT has entered into non-binding heads of terms for the proposed £646.2 million sale of its operating subsidiary, PRS REIT Holding Company Limited, to a vehicle wholly owned by a fund advised by Waypoint Asset Management. The deal, subject to shareholder approval and due diligence, would transfer ownership of the REIT’s entire…
GSK to invest $30 billion in R&D and manufacturing in the United States over next 5 years
· Includes new $1.2 billion investment announced today in manufacturing facilities, AI and advanced digital technologies, creating hundreds of highly skilled U.S. jobs · New facilities will bridge R&D and manufacturing across both the U.S. and U.K., strengthening the two countries’ leadership in life sciences LONDON: GSK plc (LSE/NYSE: GSK) today announced plans to invest $30 billion…
Thrive Homes and Watford Community Housing begin merger talks to boost affordable housing
LONDON: Thrive Homes and Watford Community Housing have announced they are in formal discussions over a potential merger, which would create a new customer-focused Community Gateway housing association – significantly strengthening the delivery of affordable housing across Hertfordshire and their wider operating areas. Boards of both housing associations have approved an outline business case for…
Fintel Plc reports strong H1 results; Advances strategic shift to software and data model
For the six months ended June 30, 2025, group revenue rose 18.6% to £42.4 million LONDON: Fintel plc (AIM: FNTL), a leading provider of software and support services to the UK retail financial services sector, reported robust half-year results Tuesday, underscoring its strategic transformation and integration of nine acquisitions. For the six months ended June…
Personal Group reports strong H1 2025 results; Boosts dividend amid record insurance sales
The Group posted an 11% increase in revenue to £23.3 million, up from £21.0 million in H1 2024 LONDON: Personal Group Holdings Plc (AIM: PGH), a leading provider of workforce benefits and services, reported robust interim results for the six months ended June 30, 2025, driven by record insurance sales and expanding recurring revenue streams….
UK’s Nothing raises $200 million to build AI-driven device ecosystem, hits $1 billion in sales
LONDON: UK-based consumer electronics startup Nothing has raised $200 million in a Series C funding round, valuing the company at $1.3 billion as it pivots from smartphones to a broader portfolio of AI-native devices. The round was led by Tiger Global, with participation from GV, Highland Europe, EQT, Latitude, I2BF, Tapestry, Qualcomm Ventures, and Nikhil…
Kier Group reports strong FY25 performance with record order book and dividend growth
The company reported adjusted revenue of £4.09 billion, up 3% from the previous year LONDON: Kier Group plc, a leading UK infrastructure services, construction and property firm, posted a robust financial performance for the year ended June 30, 2025, marked by revenue growth, improved margins, and a record order book. The company reported adjusted revenue…
Alphabet’s $3 trillion triumph: A tech titan reinvents itself in the age of AI
Twenty years ago, Google’s IPO was a bold bet on the future of search. Today, its parent company Alphabet has crossed the $3 trillion threshold, joining the elite ranks of Apple, Microsoft, and Nvidia. But this isn’t just a story about market capitalization—it’s a story of reinvention, resilience, and the relentless pursuit of relevance in…
Knights Group Holdings reports double-digit profit growth in FY25 amid strategic expansion
Revenue rose 8% to £162.0 million from £150.0 million a year earlier LONDON: Knights Group Holdings plc, a national legal and professional services firm, reported double-digit profit growth for the fiscal year ended April 30, 2025, driven by strategic acquisitions, operational discipline, and recruitment momentum. Revenue rose 8% to £162.0 million from £150.0 million a…
TotalEnergies, QatarEnergy launch final phase of Iraq’s $10 billion GGIP multi-energy project
PARIS: TotalEnergies and QatarEnergy have officially launched the final two components of Iraq’s $10 billion Gas Growth Integrated Project (GGIP), marking a major milestone in the country’s energy transformation. Patrick Pouyanné, Chairman and CEO of TotalEnergies, and Saad Sherida Al-Kaabi, Qatari Minister of State for Energy Affairs and CEO of QatarEnergy, met with Iraqi Prime…
Craneware reports strong FY25 results; Boosts dividend amid accelerated growth in U.S. healthcare market
The company reported a 9% increase in revenue to $205.7 million for the fiscal year LONDON: Craneware plc (AIM: CRW.L), a leading provider of financial performance solutions for U.S. healthcare providers, reported a 9% increase in revenue to $205.7 million for the fiscal year ended June 30, 2025, driven by continued sales momentum and strategic…
London Security PLC reports higher revenue, lower profit in H1 2025 amid inflation and staffing costs
Earnings per share fell to 70.8 pence from 78.4 pence a year earlier LONDON: London Security PLC reported a 5.4% increase in revenue to £116.9 million for the six months ended June 30, 2025, but saw operating profit decline 7.5% to £12.4 million, citing inflationary pressures and engineering staff shortages. Earnings per share fell to…