SYDNEY: Australian miner Lithium Energy Ltd (ASX:LEL) said on Thursday it has acquired the Mt Dromedary graphite project in Queensland for $2 million, consolidating a major high-grade resource as it studies building a battery anode material (BAM) plant. The acquisition from battery technology company NOVONIX Ltd (ASX:NVX) gives Lithium Energy 100% ownership of three adjacent projects…
Pacific Current Group sells Victory Park Capital stake to CNO Financial
MELBOURNE: Australia’s Pacific Current Group (PAC.AX) said on Thursday it has agreed to sell a portion of its stake in U.S.-based asset manager Victory Park Capital (VPC) to insurer CNO Financial Group (CNO.N) for $5.5 million. The deal involves the sale of 18% of PAC’s remaining 11.2% equity interest in VPC’s management company and a…
BNP Associates acquires Studdiford Technical Solutions to expand aviation design capabilities
FAIRFIELD: BNP Associates, Inc., a leading air transportation and logistics engineering firm backed by Godspeed Capital Management LP, announced on Thursday the acquisition of Studdiford Technical Solutions, LLC, a specialized consulting firm focused on airport systems and transportation security. The acquisition enhances BNP’s terminal design portfolio and adds advanced technology capabilities to its global aviation…
ECT to acquire Rice University’s PFAS destruction technology in strategic shift
MELBOURNE: Environmental Clean Technologies Limited (ECT.AX) said on Thursday it has agreed to acquire a company holding the exclusive rights to a groundbreaking technology from Rice University that destroys hazardous “forever chemicals” in soil. The Australian firm will buy Terrajoule Pty Ltd, which holds an option to license Rice University’s flash joule heating (FJH) technology, designed…
EnQuest reports H1 loss amid UK windfall tax; Expands Southeast Asia footprint
Revenue declined 6% to $549.1 million, while cost of sales rose 10% LONDON: EnQuest PLC reported a statutory net loss of $173.5 million for the first half of 2025, citing a $123.9 million non-cash adjustment linked to the UK’s extended Energy Profits Levy. The oil and gas group maintained production guidance despite infrastructure outages and…
Time Finance posts double-digit profit growth, record lending book in FY25
Revenue rose 12% to £37.1 million, while diluted earnings per share climbed 31% to 6.3 pence LONDON: Time Finance plc (AIM:TIME), the independent specialist finance provider, reported a 34% rise in full-year profit before tax to £7.9 million for the year ended May 31, 2025, driven by strong growth in secured lending and disciplined credit…
Redcentric reports FY25 results; Eyes MSP growth and DC unit sale
The company posted total revenue of £135.1 million, up 8.3% from £124.8 million in FY24 LONDON: Redcentric plc (AIM: RCN), a leading UK IT managed services provider, reported its final audited results for the fiscal year ended March 31, 2025, showing solid financial growth and strategic restructuring. The company posted total revenue of £135.1 million,…
Valereum Plc reports strong asset growth, launches revenue-generating RWA marketplace
The firm posted a 93.9% rise in total assets to £10.2 million, up from £5.2 million a year earlier LONDON: Valereum Plc (AQSE: VLRM), a company specializing in tokenised digital markets, reported a significant increase in assets and net worth for the six months ended June 30, 2025, despite a decline in profit before tax…
Antin Infrastructure Partners acquires UK marina leader Aquavista from LDC
PARIS: Antin Infrastructure Partners (Paris:ANTIN) has signed a binding agreement to acquire Aquavista Watersides & Marinas, the UK’s largest marina infrastructure provider. Founded in 2003 and based in Nottingham, Aquavista is the UK’s leading marina owner and operator, with 32 inland and coastal marinas offering over 5,300 berths and marine services across the country. The…
Sanofi Ventures secures $625m boost, expanding fund to $1.4b for biotech and digital health innovation
PARIS: Sanofi Ventures has announced an additional $625 million multi-year capital commitment from Sanofi, increasing its total assets under management to over $1.4 billion. This new commitment to the evergreen venture fund builds on more than a decade of investing in innovative biotech and digital health companies that align with Sanofi’s long-term growth ambitions. “This…
Ferrari Group H1 profit falls on one-off provision, backs full-year outlook
Net profit for the six months to June 30 fell to 14.1 million euros ($15.1 million) from 29.1 million euros a year earlier AMSTERDAM: Ferrari Group PLC (FERGR.AS), a specialist logistics provider for the luxury goods industry, reported a fall in first-half net profit, weighed down by a one-off provision linked to an Italian customs investigation….
KMD Brands reports challenging FY25, unveils ‘next level’ turnaround strategy
Group sales were flat at NZ$989.0 million, a 1.0% increase from the previous year AUCKLAND: KMD Brands Limited, the global outdoor lifestyle company behind Rip Curl, Kathmandu, and Oboz, reported a significant decline in profitability for the fiscal year ended July 2025, citing a highly promotional retail environment and global economic pressures. Group sales were flat…