NEW YORK: Dow Jones has acquired Eco-Movement, a leading global platform for EV charging station data. Eco-Movement will operate as part of OPIS, Dow Jones’s growing energy business. Headquartered in Utrecht, Netherlands, Eco-Movement is a leading charge point data platform. The company collects, optimizes and enriches EV charging station data, and has built an extensive data…
KKR sells insurance platform ISC to Onex Partners; employees to receive cash payouts
NEW York: Private equity firms KKR and Onex announced Friday that Onex Partners will acquire Integrated Specialty Coverages (ISC), a tech-enabled insurance platform specializing in underwriting and distribution. The deal includes substantial cash payouts for all ISC employees based on their ownership stakes. KKR, which invested in ISC in 2021 through its Americas XII Fund,…
Intel shares jump 23% as Nvidia to invest $5 billion co-develop chips for PCs and AI data centers
Nvidia Corp. (NVDA.O) said on Thursday it will invest $5 billion in Intel Corp. (INTC.O) and jointly develop chips for personal computers and data centers, a surprise move that sent Intel shares surging 22.8% to $30.57 — their best single-day gain since October 1987. The deal marks a strategic pivot for both companies, with Nvidia…
Umalis Group partners with Bizme.fr, only freelancing platform powered by AI and ChatGPT-5
PARIS: Umalis Group, specialist in wage portage, announced the signing of a strategic partnership with Bizme.fr, the only freelancing platform fully powered by artificial intelligence (AI) and integrating ChatGPT-5. The partnership aims to: Thanks to the integration of this AI module — set to be deployed by the end of the month — Bizme.fr will…
NEXT plc reports strong H1 profit growth, warns of UK economic headwinds
Profit before tax reached £515 million, up from £452 million a year earlier LONDON: British fashion and homeware retailer NEXT plc reported a 13.8% rise in profit before tax for the six months ending July 2025, driven by robust international sales and expanding online operations. However, the company cautioned that economic pressures in the UK…
M&C Saatchi H1 profit falls amid Australian weakness, targets FY profit stability
The advertising and communications group posted net revenue of £103.8 million, down 5.1% LONDON: M&C Saatchi PLC (SAA.L) reported a 36% drop in like-for-like operating profit for the six months ended June 30, 2025, as macroeconomic uncertainty and client caution weighed on second-quarter performance, particularly in Australia. The advertising and communications group posted like-for-like net…
Tavistock Investments posts £11 million operating profit, plans rebrand to Vertex Money
LONDON: Tavistock Investments Plc (AIM:TAVI) reported an operating profit of £11.07 million for the year ended March 31, 2025, reversing a £0.4 million loss a year earlier, as the UK-based retail advisory firm undertook a strategic overhaul including asset disposals, acquisitions, and a planned rebrand. Adjusted EBITDA fell to £1.76 million from £2.23 million, impacted…
Aeorema Communications reports record revenue, strategic progress in interim results
Revenue reached £20.4 million, edging past last year’s £20.3 million LONDON: Aeorema Communications plc (AIM: AEO), a leading strategic communications group, reported record revenue and strong operational momentum in its unaudited interim results for the 12 months ended June 30, 2025, underscoring the success of its restructuring program and international expansion. Revenue reached £20.4 million,…
INSPECS Group reports lower H1 revenue amid tariff disruption, eyes full-year guidance
Revenue for the six months ended June 30 fell to £97.6 million, down from £100.6 million in the same period last year LONDON: INSPECS Group plc, a global eyewear designer and manufacturer, reported a slight dip in first-half revenue for 2025, citing macroeconomic headwinds and ongoing tariff disruptions affecting exports from China to the United…
Livium partners with South Korea’s Won Kwang S&T to tackle Australia’s solar waste crisis
MELBOURNE: Livium Ltd. (ASX: LIT), a leading Australian clean energy recycler, has signed a memorandum of understanding with South Korean solar innovator Won Kwang S&T to jointly address Australia’s mounting solar panel waste through advanced recycling technologies. The agreement marks Livium’s strategic expansion into photovoltaic (PV) recycling, leveraging its subsidiary Envirostream’s infrastructure and customer base…
Robinhood taps Stakk for embedded finance in new banking push
SYDNEY: Australian fintech firm Stakk Ltd. (ASX: SKK) has secured a two-year master services agreement with Robinhood Markets Inc. (NASDAQ: HOOD) to provide embedded finance solutions for the U.S. trading platform’s new banking initiative. Under the agreement, Stakk will deliver image capture, authentication, and transaction processing capabilities to support Robinhood Banking™, a premium offering targeting…
XRG consortium withdraws $5.6 billion takeover bid for Santos
ADELAIDE: A consortium led by Abu Dhabi’s XRG P.J.S.C. has withdrawn its non-binding $5.6 billion proposal to acquire Australian energy firm Santos Ltd (ASX: STO), ending months of negotiations over a potential cash scheme of arrangement. The consortium, which included Abu Dhabi Development Holding Company and private equity firm Carlyle, cited regulatory risks and delays…