KANSAS CITY: Freddy’s Frozen Custard & Steakburgers, the fast-casual chain known for its made-to-order steakburgers and frozen custard treats, has been acquired by investment funds affiliated with global private equity firm Rhône. The transaction marks a transition from previous ownership under Thompson Street Capital Partners, a St. Louis-based middle-market investor. The Freddy’s brand, which operates…
Tullow Oil plc appoints Ian Perks as new CEO
LONDON: Tullow Oil plc (Tullow) announced the appointment of Ian Perks as Tullow’s new Chief Executive Officer (CEO). Ian will take up the role of CEO and join the Board on 15 September 2025. Following the appointment, Richard Miller, who is currently Chief Financial Officer (CFO) and Interim CEO, will return to his role as…
Brilliant NextGen secures $9.7 million in funding; Adds Tony Smalls to the Board
SAN FRANCISCO: Brilliant NextGen Inc., a leading innovator in smart home control technology, announced Friday it has closed a $9.7 million funding round backed by Almeida Strategic Investments and NFL quarterback Tyrod Taylor’s Strategic Investments Fund. The company also named Tony Smalls, CPA, CGMA, Partner at MGO and CEO of Smarthome Solutions LLC, to its…
Phreesia to acquire AccessOne for $160 million, expanding patient payment capabilities
NEW YORK: Phreesia Inc. (NYSE: PHR), a leading provider of patient activation solutions, said Thursday it has agreed to acquire AccessOne Parent Holdings Inc., a healthcare receivables financing firm, for $160 million in cash. The deal, expected to close in the third or early fourth quarter of Phreesia’s fiscal 2026, is subject to regulatory approvals…
Cadence to acquire Hexagon’s D&E Business for €2.7 billion
SAN JOSE: Cadence Design Systems Inc. (Nasdaq: CDNS) said Thursday it has agreed to acquire the Design & Engineering business of Hexagon AB, including its MSC Software unit, in a €2.7 billion deal aimed at accelerating Cadence’s Intelligent System Design™ strategy and expanding its footprint in the structural analysis market. Under the terms of the…
Zepp Health acquires Wild.AI to expand hormone-informed coaching for female athletes
MILPITAS: Zepp Health Corp. (NYSE: ZEPP), the parent company of Amazfit, has acquired the core assets and intellectual property of Wild.AI, a women’s wellness platform known for its hormone-informed coaching and performance optimization tools. The deal, finalized in late August, includes proprietary technology and select leadership from Wild.AI. Wild.AI uses physiological and hormonal data to…
Huawei launches second-generation trifold smartphone as it eyes recovery and global push
SHENZHEN: Huawei Technologies on Thursday unveiled its second-generation trifold smartphone, the Mate XTs, as the Chinese tech giant seeks to consolidate its resurgence in the domestic market and cautiously re-enter overseas territories. The Mate XTs, priced between 17,999 yuan ($2,520) and 21,999 yuan depending on memory configuration, features a dual-hinge design that allows the device…
Power Metal acquires stake in Dubai-based blockchain mining platform Kingia FZCO, renamed as Minestarters
LONDON: Power Metal Resources PLC (AIM: POW, OTCQB: POWMF), a London-listed natural resources exploration company, said on Thursday it has signed a binding investment agreement to acquire up to 49% of Dubai-based Kingia FZCO, which will be renamed Minestarters, for up to £3 million in cash. Minestarters plans to launch a blockchain-enabled decentralised finance (DeFi)…
Empire Metals reports strong interim results, highlights breakthrough titanium discovery at Pitfield
Company posted a net loss of £1.7 million for the period ended June 30, 2025 LONDON: Empire Metals Limited (LON:EEE; OTCQX:EPMLF) on Thursday reported its interim results for the six months ended June 30, 2025, spotlighting a series of milestones that position its Pitfield project as a globally significant titanium asset. Empire posted a net…
Grafton Group posts 9.5% profit growth in H1, eyes expansion in Iberia
Revenue rose 10.1% to £1.25 billion, supported by integration of Spanish distributor Salvador Escoda and acquisition of HSS Hire Ireland LONDON: Grafton Group plc reported a 9.5% rise in adjusted operating profit for the first half of 2025, driven by strong contributions from its Iberian operations and disciplined margin management, despite mixed market conditions across…
Jersey Oil & Gas halves costs, pushes forward with Buchan Field amid UK tax scrutiny
LONDON: Jersey Oil & Gas plc (JOG), an independent oil and gas company operating in the North Sea, announced its unaudited interim results for the first six months of 2025, highlighting a significant reduction in its operational costs and continued progress on its flagship Buchan redevelopment project. The company stated it has halved its annualized…
Tungsten West reports FY2025 results, highlights strategic progress at Hemerdon Mine
LONDON: Tungsten West Plc (LON:TUN) on Thursday released its audited financial results for the year ended March 31, 2025, underscoring significant operational and strategic milestones at its Hemerdon tungsten and tin project in Devon, UK. The Company published its Annual Report and Financial Statements on its website, detailing a robust Development and Economic Plan and…