LONDON: Argo Blockchain plc reported a net loss of $8.1 million for the first half of 2025, down from $38 million in the same period last year, as the cryptocurrency miner grappled with machine refurbishment and relocation efforts. Revenue fell sharply to $6.3 million from $29.3 million in H1 2024, with Bitcoin production dropping to…
SEEEN plc reports 87% revenue growth, positive EBITDA in first half of 2025
LONDON: SEEEN plc (AIM: SEEN), a global media and technology platform specializing in AI-powered video monetization, reported an 87% increase in revenue for the six months ended June 30, 2025, marking its first full half-year of positive EBITDA. The company posted unaudited interim results Tuesday, highlighting total revenues of $2.1 million, up from $1.1 million…
Close Brothers swings to loss on motor finance provision, cuts dividend
Group reported a statutory operating loss before tax of £122.4 million compared with £132.7 million profit the previous year LONDON: British lender Close Brothers Group reported a full-year statutory loss on Tuesday, driven by a major provision for a regulatory review into motor finance commissions, prompting the company to scrap its final dividend. For the…
Watkin Jones sells major Glasgow student housing project in £182 million joint venture
LONDON: British residential developer Watkin Jones Group has agreed to sell a newly developed, 784-bed student accommodation scheme in Glasgow to a joint venture predominantly owned by Maslow Capital, the company announced on Tuesday. The transaction, which values the project known as “The Ard” at a projected £182 million upon completion, underscores a strategic move…
PayPoint and Royal Mail deepen partnership with £43.9 million Investment in Collect+
LONDON: PayPoint Plc and International Distribution Services (IDS), owner of Royal Mail, announced the next stage in their partnership through a strategic investment in Collect+ to take a 49% ownership, with an investment of £43.9 million, valuing the Collect+ business at £90 million. Currently, Collect+ has a network of over 14,000 Out of Home locations…
Serica Energy acquires portfolio of assets in the UK North Sea for $18.9 million
LONDON: Serica Energy plc (AIM: SQZ) is pleased to announce it has signed a sale and purchase agreement to acquire 100% of the issued share capital of Prax Upstream Limited from Prax Exploration & Production Plc. The acquisition is a corporate acquisition of Prax Upstream for a consideration of £14.5 million ($18.9 million). Completion is…
Genmab A/S to acquire Merus N.V.
LONDON: RTW Biotech Opportunities Ltd, the London Stock Exchange-listed investment company focused on identifying transformative assets with high growth potential across the life sciences sector, announced that the portfolio company Merus N.V. has entered into a definitive agreement to be acquired by Genmab A/S (“Genmab” Nasdaq: GMAB). Genmab will acquire Merus in an all-cash transaction…
AdTech firm GoWit launches unified commerce media platform in EMEA
DUBAI: GoWit, a global leader in omnichannel Retail Media, announced on Tuesday the launch of GoWit Commerce Media, a unified advertising platform designed to connect retailers, brands, and agencies across Europe, the Middle East and Africa (EMEA). The new platform aims to replace fragmented retail media solutions by consolidating demand and technology into a single…
Ambac Financial Group to acquire ArmadaCare from SiriusPoint for $250 million
NEW YORK: Ambac Financial Group Inc (AMBC.N) said on Tuesday it has agreed to acquire supplemental health insurance program manager ArmadaCare from SiriusPoint Ltd (SPNT.N) for $250 million in a move to diversify its distribution business. The acquisition will accelerate the growth of Ambac’s distribution platform and strengthen its presence in the specialty insurance market,…
Credo Technology acquires Hyperlume to advance MicroLED connectivity for AI infrastructure
SAN JOSE: Credo Technology Group Holding Ltd (NASDAQ: CRDO) said on Tuesday it has completed the acquisition of privately-held Hyperlume Inc., a developer of microLED-based optical interconnect technology, in a move aimed at strengthening its portfolio of high-speed, energy-efficient connectivity solutions for AI-driven data infrastructure. The deal marks a strategic expansion for Credo, which provides…
Uscom to sell entire business to Singapore’s AXO Medtech, pending shareholder nod
SYDNEY: Australian-listed medical technology company Uscom Limited said on Tuesday it has agreed to sell its entire business and assets to Singapore-based investment fund AXO Medtech VCC, a move aimed at rescuing the loss-making firm. The sale, which is subject to shareholder approval at a general meeting scheduled for Nov. 11, will see Uscom divest its…
Australian broadcasters Seven West Media and Southern Cross Media to merge
SYDNEY: Australian media companies Seven West Media Ltd (SWM.AX) and Southern Cross Media Group Ltd (SXL.AX) on Tuesday announced an all-scrip merger agreement to create a leading integrated media platform, aiming to better compete for advertising revenue in a fragmented market. Under the terms of the deal, Southern Cross Media (SCA) will acquire all shares…