PARIS: Antin Infrastructure Partners (Paris:ANTIN) has signed a binding agreement to acquire Aquavista Watersides & Marinas, the UK’s largest marina infrastructure provider. Founded in 2003 and based in Nottingham, Aquavista is the UK’s leading marina owner and operator, with 32 inland and coastal marinas offering over 5,300 berths and marine services across the country. The…
Sanofi Ventures secures $625m boost, expanding fund to $1.4b for biotech and digital health innovation
PARIS: Sanofi Ventures has announced an additional $625 million multi-year capital commitment from Sanofi, increasing its total assets under management to over $1.4 billion. This new commitment to the evergreen venture fund builds on more than a decade of investing in innovative biotech and digital health companies that align with Sanofi’s long-term growth ambitions. “This…
Ferrari Group H1 profit falls on one-off provision, backs full-year outlook
Net profit for the six months to June 30 fell to 14.1 million euros ($15.1 million) from 29.1 million euros a year earlier AMSTERDAM: Ferrari Group PLC (FERGR.AS), a specialist logistics provider for the luxury goods industry, reported a fall in first-half net profit, weighed down by a one-off provision linked to an Italian customs investigation….
KMD Brands reports challenging FY25, unveils ‘next level’ turnaround strategy
Group sales were flat at NZ$989.0 million, a 1.0% increase from the previous year AUCKLAND: KMD Brands Limited, the global outdoor lifestyle company behind Rip Curl, Kathmandu, and Oboz, reported a significant decline in profitability for the fiscal year ended July 2025, citing a highly promotional retail environment and global economic pressures. Group sales were flat…
WAM Global reports strong FY2025 results with 19.4% portfolio gain and special dividend
SYDNEY: Wilson Asset Management’s WAM Global announced robust full-year results for the fiscal year ending June 30, 2025, highlighting a 19.4% increase in its investment portfolio performance before expenses and fees. The international equity investment company also reported a total shareholder return of 22.1%, including the value of franking credits. Shareholders will receive a fully…
Deterra Royalties sells non-core gold assets for $60 million to reduce debt
PERTH: Deterra Royalties announced Monday it has agreed to sell a package of gold offtake contracts and royalty interests to Vox Royalty Corp. for a total of $60 million, marking the completion of its divestment of non-core assets acquired through its takeover of Trident Royalties Plc. The deal comprises two main parts: the sale of…
Jade Gas Holdings signs first LNG supply deal for Mongolia project
PERTH: Jade Gas Holdings Limited announced Thursday it has secured its first liquefied natural gas sales agreement for production from its coal bed methane project in Mongolia. The initial five-year agreement is with UB Metan LLC, Mongolia’s largest importer of natural gas products. The deal commits Jade to supply a minimum of 20% of its LNG…
Renault Group raises €850 million in oversubscribed green bond offering
PARIS: Renault Group announced Tuesday the successful placement of its first-ever green bond issuance, raising €850 million with a maturity date of Sept. 30, 2030, and a coupon of 3.875%. The offering was significantly oversubscribed, signaling strong investor confidence in the automaker’s strategic transformation under its Renaulution plan. Proceeds from the bonds will be allocated…
Genstore raises $10 million seed round to pioneer AI-native e-commerce
LOS ANGELES: Genstore, a rising startup redefining online retail through AI-native architecture, has closed a $10 million seed funding round led by Weimob, a prominent SaaS player in the e-commerce and retail space. Lighthouse Founders’ Fund also participated in the round, marking Genstore’s first capital raise since its founding in late 2024. The funding will…
Origin Enterprises posts 12.8% EPS growth, boosted by Living Landscapes and resilient agriculture
Group operating profit rose 10.1% to €99.0 million LONDON: Origin Enterprises plc (OEGN.I), the international agri-services group, reported a 12.8% rise in adjusted diluted earnings per share for the year ended July 31, 2025, driven by strong performance in its Living Landscapes division and resilient agricultural operations. Group operating profit rose 10.1% to €99.0 million,…
Amazon to shut all fresh supermarkets in U.K.; Shifts focus to online grocery delivery
LONDON: Amazon said Tuesday it will close all 19 of its Fresh supermarkets in the United Kingdom, marking a strategic retreat from its physical grocery footprint in the region. The company announced the move in a blog post, citing “a thorough evaluation of business operations and the very substantial growth opportunities in online delivery.” Five…
Transense Technologies posts 33% revenue growth, driven by SAWsense and Translogik expansion
LONDON: Transense Technologies plc (AIM: TRT), a UK-based provider of specialist sensor systems, reported a 33% rise in annual revenue to £5.55 million for the year ended June 30, 2025, as both its SAWsense and Translogik divisions delivered strong growth. Profit before tax rose 12% to £1.41 million, supported by strategic investments in engineering, manufacturing,…