SYDNEY: MotorCycle Holdings Ltd. (ASX: MTO) has announced a strategic acquisition of select dealership assets from Peter Stevens Motorcycles Pty Ltd and Harley Heaven Pty Ltd, both currently under administration. The deal, valued between $7 million and $9 million, will be funded through MTO’s existing cash reserves and bailment facilities. Under the binding asset sale…
Trafalgar acquires 10% stake in Manchester Property
LONDON: Trafalgar Property Group PLC (AIM: TRAF) said Tuesday it has acquired a 10% equity interest in Hilton House, a commercial property in central Stockport, Manchester, for £350,000, marking a substantial transaction under AIM Rule 12. The interest was purchased from Trafalgar director Paul Elliott. Payment will be made through a mix of newly issued…
ADVFN Plc acquires Capital Markets Group, expands retail investor reach
LONDON: ADVFN PLC (AFN:JPJ) announced Monday the acquisition of the Capital Markets Group, which includes two major investor engagement platforms: Stockhouse in Canada and HotCopper in Australia. The London-based financial information company said the deal strengthens its position in the small-cap investor space, combining one of the largest retail investor communities in both markets. As…
Next Science signs deal to sell majority of assets for $50 million
SYDNEY: Next Science Limited (ASX:NXS), an Australian medical technology company, announced Tuesday it has entered into a binding agreement to sell the majority of its assets to Italy-based Demetra Holdings S.p.A. for $50 million. The deal includes the sale of regulatory approvals, intellectual property, inventory, and other assets but excludes Next Science’s diabetic foot infection…
The Delegat Group appoints Murray Annabell as new CEO
AUCKLAND: The Delegat Group Limited Board to announced the appointment of Murray Annabell, currently Chief Financial Officer, as Chief Executive Officer, effective from 1 July 2025. Murray has been with Delegat for over 20 years, including the last 13 years as Chief Financial Officer. Throughout his tenure, Murray has played a pivotal role in shaping…
Wall Street wraps volatile half-year with record closes and hopes for trade breakthroughs
Dow Jones soars 275 points as trade progress and tech gains power market rally U.S. stocks surged to fresh record highs Monday, as renewed optimism over trade negotiations and signs of economic resilience helped investors look beyond one of the most turbulent first halves of the decade. The Dow Jones Industrial Average jumped 275 points,…
WebPros acquires Comet Backup to expand web management solutions
LUXEMBOURG: WebPros, a global leader in web automation and operations software, announced Tuesday the acquisition of Comet Backup, a provider of cloud backup solutions for managed IT services. Financial terms were not disclosed. The deal strengthens WebPros’ portfolio of tools for website management, which already includes platforms like cPanel, Plesk and WHMCS. The company powers…
Brightstar Capital Partners completes PlayAGS acquisition in $1.1 billion deal
NEW YORK: Private equity firm Brightstar Capital Partners has completed its acquisition of PlayAGS, Inc. (NYSE: AGS), a global gaming supplier, in a deal valued at approximately $1.1 billion, company said on Monday. The transaction, first announced May 9, was finalized after receiving approval from AGS stockholders and necessary regulatory clearances. AGS shareholders will receive…
Gumtree offloads capital markets arm to ADVFN in $6.8 million deal to sharpen marketplace focus
PERTH: Gumtree Australia Markets Ltd. (ASX: GUM) has signed a binding agreement to sell its capital markets businesses—HotCopper in Australia and Stockhouse in Canada—to ADVFN Ltd. for $6.8 million in cash, the company announced Monday. The deal, expected to close the same day, will reduce Gumtree’s debt by $4.8 million and generate $2 million in…
Spenda partners with APG Pay to launch corporate credit platform
OSBORNE PARK: Spenda Limited (ASX: SPX), a software company specializing in payment solutions and embedded finance, announced Tuesday a strategic partnership with APG Pay Pty Ltd to develop a closed-loop corporate credit platform. The collaboration aims to streamline business-to-business (B2B) payments across multiple industries. Under the agreement, Spenda and APG Pay, a subsidiary of Singapore-based…
U.K.-U.S. trade deal takes effect, cuts tariffs on British cars but leaves metals in question
LONDON: A new U.K.-U.S. trade deal took effect Monday, granting British car exports preferential tariff rates while leaving final levies on metal shipments unresolved. The agreement, the first Washington has struck since President Donald Trump announced reciprocal tariffs in April, imposes a blanket 10% duty on most British goods entering the U.S. For autos, the…
OptiBiotix reports strong revenue growth and expands global footprint in 2024
LONDON: OptiBiotix Health plc (AIM: OPTI), a UK-based life sciences company focused on microbiome modulation and healthy sugar alternatives, reported a 35% increase in annual revenue for the year ending Dec. 31, 2024, signaling a strong turnaround bolstered by international expansion and ecommerce growth. Revenue rose to £870,000 from £644,000 in 2023, driven by increased…