The British digital payments firm, Wise, reported a 55% increase in profit for the first half of its 2025 fiscal year, reaching £217.3 million, up from £140.6 million a year ago. This growth was driven by a 25% increase in active customers, totaling 11.4 million consumer and business clients. Revenues rose 19% year-on-year to £591.9…
Mendell Helium announces major farm-in agreement with Scout Energy
LONDON: Mendell Helium has announced that M3 Helium Corp. has signed an exclusive farm-in and fixed price helium agreement with Scout Energy Partners. This agreement covers 161,280 acres in the Hugoton gas field, one of North America’s largest natural gas fields. As per the announcement on June 27, 2024, Mendell Helium has an option to…
JPMorgan Global Core Real Assets Limited to be wind-down
LONDON: The Board of JPMorgan Global Core Real Assets Limited has decided to propose a managed wind-down of the company, which they believe is in the best interests of all shareholders. To implement the managed wind-down, shareholder approval is required to amend the company’s investment objective and policy. Detailed proposals, including the timeline for asset…
EQTEC signs collaboration agreement in the USA with Simonpietri Enterprises
LONDON: EQTEC plc (AIM:EQT), a leading licensor and innovator of syngas technology for clean conversion of the world’s waste into sustainable energy and biofuels, to power the circular economy, has entered into a Collaboration Framework Agreement with Simonpietri Enterprises LLC, a Hawaii-based developer of innovative project solutions to re-use and recycle waste into sustainable products…
Mobily partners with Telecom Egypt to land first Saudi submarine cable linking Saudi Arabia and Egypt
LONDON: Mobily, a leading Technology, Media, and Telecom (TMT) company in the Kingdom of Saudi Arabia, and Telecom Egypt, the total telecom operator in Egypt and one of the largest subsea cables operators in the region, have signed a cooperation agreement to land the first Saudi submarine cable linking Saudi Arabia and Egypt. The new…
ECR Minerals signs exclusivity agreement for potential sale of Australian subsidiary
LONDON: ECR Minerals plc (LON: ECR), an exploration and development company focused on gold in Australia, has entered into an exclusivity agreement for the potential sale of its subsidiary, Mercator Gold Australia Pty Ltd (MGA). MGA is a non-core asset within ECR’s portfolio in Victoria and includes approximately A$75 million in tax losses. The agreement…
Solid State plc has acquired Q-Par Antennas USA LLC for $2 million
LONDON: Solid State plc (AIM: SOLI), the specialist value-added component supplier and design-in manufacturer of computing, power, and communications products, announced the acquisition of Q-Par Antennas USA LLC for a maximum consideration of up to $2.0m. Q-Par will join the Systems division of the Group. Established in 2014, Q-Par is a recognised and highly regarded…
Scott Marshall appointed as CEO of the Independent Hardware Group
SYDNEY: Metcash Limited (ASX:MTS) today announced the appointment of Scott Marshall as CEO of the Independent Hardware Group (IHG). Scott has an extensive understanding of Metcash’s businesses and a strong track record serving independents, having spent more than 30 years with the Company. He previously held several senior executive positions with Metcash including CEO of…
Tower Limited CEO Blair Turnbull has resigned
SYDNEY: Tower Limited (NZX/ASX: TWR) today announced that Chief Executive Officer, Blair Turnbull has resigned and will step down on 12 February 2025, following the Annual Shareholder Meeting (ASM) on 11 February 2025. Mr Turnbull joined Tower in 2020 and has overseen considerable transformations at the Kiwi and Pacific Island insurer. Chair Michael Stiassny thanked…
Scout Security Ltd to acquire home security technology company Roo Inc
SYDNEY: Home security provider Scout Security Ltd (ASX: SCT) has signed a Non-Binding Letter of Intent (LOI) outlining the terms for its potential acquisition of home security technology company Roo Inc as a merger of equals. Roo Inc is the holding company for Kangaroo, a New York-based DIY home security technology company. Like Scout, Kangaroo…
IMI plc has acquired TWTG Group B.V. for €25 million
LONDON: IMI plc has acquired TWTG Group B.V., a leader in smart connected asset monitoring solutions for process industries based in Rotterdam, the Netherlands. TWTG will become part of IMI’s Process Automation sector. The acquisition of TWTG is fully aligned to IMI’s strategy and purpose, Breakthrough engineering for a better world. TWTG’s exceptional portfolio of…
J Sainsbury sells cards portfolio of Argos Financial Services to NewDay Group
LONDON: J Sainsbury PLC announced the sale of the Argos Financial Services (AFS) cards portfolio to NewDay Group. The AFS cards support around 20 percent of Argos sales and are held by around two million Argos customers who use Argos credit to manage the cost of their purchases. The purchase price for the portfolio acquisition…