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…
Aurelian raises $14 million to expand AI-powered 911 call automation across U.S.
SAN FRANCISCO: Aurelian, a fast-growing AI startup specializing in non-emergency call automation for 911 centers, announced Thursday it has raised $14 million in Series A funding. The round was led by NEA, with continued support from Y Combinator, FUSE, Liquid 2, and Palm Drive Capital. The company plans to use the investment to expand its…
Royal Bank of Canada reports record Q3 earnings, up 21% on broad-based growth Net income for the quarter ending July 31, 2025, rose to $5.4 billion, a 21% increase from the prior year. TORONTO: The Royal Bank of Canada (RBC) reported record third-quarter net income on Wednesday, driven by strong growth across its business segments…
Scandinavian Tobacco Group reaffirms 2025 outlook despite market headwinds
For the quarter ended June 30, 2025, company reported net sales of DKK 2.4 billion, down 0.2% COPENHAGEN: Scandinavian Tobacco Group A/S (STG) reported second-quarter results broadly in line with expectations and reaffirmed its full-year guidance, despite persistent macroeconomic challenges and currency headwinds. For the quarter ended June 30, 2025, reported net sales stood at…
Lego reports record-breaking first half with $5.4 billion in revenue
COPENHAGEN: Lego Group posted its strongest first-half performance in company history, reporting a 12% surge in revenue to 34.6 billion Danish kroner ($5.4 billion), according to its biannual earnings report released Wednesday. Operating profit rose 10% year over year to 9 billion kroner ($1.4 billion). “It’s the best first half ever,” CEO Niels Christiansen told…
archTIS acquires Spirion in $15.7 million deal to accelerate U.S. expansion
SYDNEY: Australian cybersecurity firm archTIS Ltd. (ASX:AR9) announced Wednesday it will acquire the technology, customer base, and employees of U.S.-based data security provider Spirion LLC in a $15.7 million AUD deal, marking a major step in its U.S. expansion strategy. The acquisition, priced at 0.9x Spirion’s FY25 annual recurring revenue (ARR), will boost archTIS’ pro-forma…
Riverstone Energy reports $3 million profit amid wind-down strategy
LONDON: Riverstone Energy Limited reported a profit of $3 million for the half year ended June 30, 2025, as the company prepares for a managed wind-down following shareholder approval earlier this month. The company’s net asset value (NAV) stood at $372 million (£271 million), with NAV per share rising 2% in USD terms to $15.11,…
Ooma Inc reports Q2 earnings growth, raises full-year profit outlook
REDWOOD CITY: Ooma, Inc. (NYSE: OOMA), a provider of advanced communications services for businesses and consumers, on Wednesday reported financial results for its fiscal second quarter ended July 31, 2025, showing year-over-year growth in revenue, net income, and adjusted EBITDA. The company posted total revenue of $66.4 million, up 3% from the same period last…
Vector Capital to acquire Showpad, merge with Bigtincan
CHICAGO: Vector Capital Management, L.P., a private equity firm specializing in transformational investments in technology, announced Wednesday it has entered into a definitive agreement to acquire Showpad, a global leader in AI-powered revenue enablement. The acquisition will pave the way for a merger between Showpad and Bigtincan Holdings, which Vector acquired in April. The combined…
Hochschild Mining reports strong interim results, revises full-year guidance
Basic earnings per share climbed to $0.18, up from $0.08 a year earlier LONDON: Hochschild Mining PLC (LSE: HOC, OTCQX: HCHDF) reported a 33% surge in revenue to $520 million for the first half of 2025, driven by higher production and improved pricing. Adjusted EBITDA rose 27% to $224.5 million, while profit before income tax…