LONDON – African energy firm Chariot Ltd (AIM: CHAR) said on Tuesday it has signed a Memorandum of Understanding (MoU) with Saudi Arabia’s ACWA Power to explore creating a sustainable energy business focused on southern Africa. The partnership will aim to develop, own and operate a portfolio of transitional power assets, including renewable energy, battery…
Global Interconnection Group gets takeover interest, funding proposals
GUERNSEY – Global Interconnection Group Limited (GIG) said on Thursday it has received expressions of interest from third-party investors, including a formal proposal to acquire the entire company, as well as other proposals for substantial investments. The company, which owns subsea cable and energy interconnection assets, stated it has entered into a term sheet with one…
Spain’s Fluidra Q3 profit jumps 33%, confident on 2025 targets
BARCELONA: Spanish pool equipment maker Fluidra (FLO.MC) reported a 33% rise in nine-month net profit on Wednesday, buoyed by higher sales volumes and prices across its regions, and said it was on track to meet its full-year guidance. The company, a leading supplier of pool and wellness products, posted a net profit of 163 million euros…
Ireland’s Permanent TSB launches formal sale process, state set to exit
LONDON: Irish lender Permanent TSB Group Holdings PTSB.I (PTSB) said on Tuesday it has begun a formal sale process, a move that could see the state sell its remaining stake and end its 17-year ownership of bailed-out banks. The board of PTSB, Ireland’s third-largest bank, said the decision was made with the support of its…
Statkraft divests $1.2 billion in assets as part of strategic overhaul
OSLO: Norwegian state-owned utility Statkraft AS said on Thursday it has signed deals to sell 13.5 billion crowns ($1.2 billion) worth of assets in the third quarter, a key step in a refocused strategy that comes as the company navigates lower power prices and hedging losses. The divestments, which include its district heating business and…
TotalEnergies posted an adjusted net income of $4.0 billion for the three months
PARIS: TotalEnergies reported a steady adjusted net income for the third quarter, matching last year’s level despite a significant drop in oil prices, as increased hydrocarbon production and stronger refining margins helped cushion the blow. The French energy giant on Thursday posted an adjusted net income of $4.0 billion for the three months ending Sept….
Switzerland’s Cicor to buy Britain’s TT Electronics in £287 million deal
LONDON: Swiss electronics manufacturer Cicor Technologies Ltd. has agreed to acquire British rival TT Electronics Plc in a recommended cash and share deal that values TT at approximately £287 million, the companies said on Thursday. The acquisition will create the largest pure-play global electronics manufacturing services (EMS) provider in the high-mix, low-volume sector, which focuses on…
C.H. Robinson profit jumps 68% as cost cuts offset freight slowdown
EDEN PRAIRIE Logistics giant C.H. Robinson Worldwide Inc. reported a sharp increase in third-quarter profit, crediting its strategic overhaul for allowing it to gain market share and improve efficiency even as the freight industry remains in a prolonged slump. The company said that net income surged 67.6% to $163 million, or $1.34 per share, for…
WEX Inc Q3 2025 results beat expectations, company raises full-year outlook
PORTLAND – Global commerce platform WEX Inc. (NYSE: WEX) on Wednesday reported stronger-than-anticipated financial results for the third quarter, citing its strategic execution as a catalyst for returning to revenue growth and prompting an increase to its full-year profit forecast. For the three months ended Sept. 30, revenue climbed nearly 4% to $691.8 million, exceeding…
Chiba Kogyo Bank to take over subsidiaries Chiba General Lease and Chiba Kogin Computer Soft
TOKYO – The Chiba Kogyo Bank Ltd. (8337.T) said on Wednesday it will acquire all outstanding shares in two consolidated subsidiaries, Chiba General Lease Co. and Chiba Kogin Computer Soft Co., as part of a strategic move to strengthen governance and accelerate decision-making across its banking group. The bank’s board approved the plan to make…
NEC to buy U.S. software firm CSG in $2.89 billion deal to boost telecom offerings
TOKYO – Japan’s NEC Corporation (TSE: 6701) said on Wednesday it will acquire U.S.-based software company CSG Systems International, Inc. (NASDAQ: CSGS) for approximately $2.89 billion in cash, a move aimed at significantly expanding its footprint in the North American telecom technology market. The deal, one of the largest overseas acquisitions by a Japanese tech firm…
Starr signs agreement to acquire IQUW Group
NEW YORK – Starr, a global investment and insurance organization, today announced that it has entered into a definitive agreement to acquire IQUW Group. The acquisition of IQUW Group will expand the classes of business that Starr underwrites and will position the combined company for growth across a broader range of global market segments. As…