LONDON: John Wood Group PLC (Wood) said on Friday it has agreed to sell its North American Transmission & Distribution (T&D) engineering business to Qualus LLC and 2737813 Alberta Ltd for $110 million in cash, as part of its ongoing disposal programme targeting non-core assets. The transaction, expected to close in the third or fourth…
Apax Global Alpha reports interim results amid recommended acquisition by Janus Bidco
AGA’s NAV fell to €1.11 billion as of June 30, down from €1.23 billion at year-end 2024 LONDON: Apax Global Alpha Limited (AGA) reported a decline in net asset value (NAV) for the first half of 2025, as the private equity investment company prepares for a recommended cash acquisition by Janus Bidco Limited. AGA’s NAV…
S&P 500 hits record as Nvidia earnings fuel AI optimism
NEW YORK: The S&P 500 climbed to a fresh intraday record Thursday as investors digested Nvidia’s latest earnings report, which reinforced enthusiasm for artificial intelligence and lifted sentiment across the broader market. The benchmark index rose 0.2%, while the tech-heavy Nasdaq Composite gained 0.5%. The Dow Jones Industrial Average hovered near the flatline. Nvidia, which…
Swedbank to acquire Barclays’ stake in Entercard, forming largest Nordic card business
STOCKHOLM: Swedbank said on Thursday it has agreed to acquire Barclays’ 50% stake in Entercard, making the Nordic credit company a wholly owned subsidiary and forming what it called the largest card business in the Nordics and Baltics. The deal marks the end of a two-decade partnership between Swedbank and Barclays, which co-founded Entercard in…
Nvidia reports strong revenue, earnings as AI demand persists
SAN FRANCISCO: Nvidia reported better-than-expected earnings and revenue on Wednesday, signaling to Wall Street that the demand for artificial intelligence infrastructure remains robust, despite a slowdown in its key data center segment. The company’s stock, which has seen a 35% increase this year after nearly tripling in 2024, slipped in extended trading after data center…
Accenture to acquire NeuraFlash, expanding gen AI and salesforce capabilities
NEW YORK: Accenture (NYSE: ACN) said Thursday it has agreed to acquire NeuraFlash, a leading Salesforce and generative AI consulting firm, in a move to bolster its agentic AI and managed services offerings and expand its reach into mid-market industries globally. Based in Burlington, Massachusetts, NeuraFlash specializes in deploying agentic solutions across sales, service, and…
UserEvidence acquires Zealot, secures $7 million funding to advance customer advocacy platform
SAN FRANCISCO: UserEvidence, a leading customer evidence platform for go-to-market (GTM) teams, announced Thursday it has acquired Zealot, a fast-growing advocacy and reference management startup. The acquisition coincides with a $7 million funding round led by existing investors, bringing UserEvidence’s total funding to $21 million. The move marks a strategic expansion of UserEvidence’s capabilities, enabling…
CrowdStrike to acquire Onum in push to advance AI-powered SIEM capabilities
AUSTIN: CrowdStrike Holdings Inc (NASDAQ: CRWD) said on Wednesday it will acquire Madrid-based startup Onum, a specialist in real-time telemetry pipeline management, in a move aimed at enhancing its Falcon® Next-Gen SIEM platform and accelerating autonomous cybersecurity capabilities. The deal, valued at approximately $290 million, marks CrowdStrike’s latest strategic acquisition as it seeks to eliminate…
Comms Group delivers FY25 results at top end of guidance, eyes $75 million revenue run-rate
The company posted operating revenue of A$56.6 million and underlying EBITDA of A$5.7 million SYDNEY: Comms Group Ltd. (ASX: CCG), a global telecommunications and IT services provider, reported full-year FY25 results at the upper end of its guidance range, driven by record annual recurring revenue (ARR) wins and strategic expansion. The company posted operating revenue…
Moonlight Resources to acquire Clermont Gold Project, eyes ASX listing
SYDNEY: Moonlight Resources Ltd., a 44.7% owned entity of Lithium Plus Minerals Ltd. (ASX: LPM), has agreed to acquire the Clermont Gold Project in Queensland from Diatreme Resources Ltd. (ASX: DRX), positioning itself for an initial public offering on the Australian Securities Exchange. The A$3.5 million transaction includes A$3.25 million in Moonlight scrip and A$250,000…
PPHE Hotel Group reports solid H1 revenue growth amid strategic expansion
The group reported a 4.7% increase in total revenue to £199.9 million for the six months LONDON: PPHE Hotel Group Ltd. reported a 4.7% increase in total revenue to £199.9 million for the six months ended June 30, 2025, driven by newly opened and refurbished properties. Like-for-like revenue rose 1.3% to £193.3 million, while reported…
Technologies New Energy acquires Diverfuel to digitise clean fuel production
LONDON: Technologies New Energy plc (LSE: TNE), a UK-based energy transition company, said on Thursday it has acquired Diverfuel S.A., the developer of a digital platform for clean fuel and green chemical production, as part of its strategy to enhance industrial decarbonisation. The Diverfuel Platform is a scalable SaaS/PaaS middleware solution that integrates IoT and…