BHP declared a final dividend of 60 U.S. cents per share SYDNEY: BHP Group Ltd (BHP.AX) on Tuesday reported a 14% rise in attributable profit to $9.0 billion for the year ended June 30, 2025, buoyed by record copper and iron ore production, despite an 8% drop in revenue amid weaker commodity prices. The world’s…
OGDCL raises Reko Diq funding commitment to $715 million, approves key financing agreements
KARACHI: Oil and Gas Development Company Ltd (OGDCL) said its board has approved an increase in its committed expenditure for the Reko Diq copper and gold project to $715 million, up from a previous commitment of $627 million, following revised development and financing estimates. The revised funding commitment includes project financing costs and reflects updated…
Hancock & Gore acquires Trutex in strategic pivot toward global schoolwear leadership
SYDNEY: Hancock & Gore Ltd (H&G) said on Tuesday it had acquired UK-based schoolwear brand Trutex Group in an all-cash deal valued at approximately A$26 million, marking a strategic transformation into a global schoolwear business under the Schoolblazer Group banner. The acquisition, funded entirely from H&G’s balance sheet, brings together Trutex, Schoolblazer UK, and Mountcastle,…
Basic Capital secures $25 million Series A to modernize 401(k) investing
NEW YORK: Basic Capital, a retirement platform pioneering asset financing within 401(k) plans, has raised $25 million in a Series A funding round led by Forerunner and Lux Capital. The round drew participation from existing backers SV Angel and Box Group, as well as financial icon Henry Kravis. New investors included HOF Capital and Inspired…
Accenture acquires Highlands Consulting to expand public sector reach in California
SACRAMENTO: Accenture (NYSE: ACN) has acquired The Highlands Consulting Group, a Sacramento-based management consulting firm with deep expertise in healthcare, transportation, social services and environmental solutions, bolstering its public sector capabilities across California. Founded in 2002, Highlands Consulting has built a reputation for delivering strategic business and digital planning, organizational change, and IT analysis to…
Wall Street slips as investors eye retail earnings, Fed symposium
Dow Jones slips from record highs as investors await retail earnings and Fed signals NEW YORK: U.S. stocks edged lower Monday as investors turned cautious ahead of key earnings reports from major retailers and the Federal Reserve’s annual symposium in Jackson Hole, Wyoming. The Dow Jones Industrial Average fell 47.13 points, or 0.11%, to 44,898.43….
SKF divests Elgin PED unit to Carco PRP Group in strategic aerospace refocus
Company’s adjusted operating profit fell to SEK 3.1 billion due to currency headwinds STOCKHOLM: Sweden’s SKF (SKFb.ST) said on Monday it has agreed to sell its precision elastomeric device (PED) operation in Elgin, Illinois, to Carco PRP Group for an estimated enterprise value of USD 70 million, as part of its strategy to streamline its…
Ideagen acquires Reactec to bolster workplace safety tech portfolio
LONDON: Ideagen, a global provider of compliance and risk management software, has acquired Reactec, a leading developer of wearable technology and data analytics for workplace safety, in a move aimed at enhancing health and safety solutions for high-risk industries. The acquisition marks Ideagen’s sixth in 2025 and follows its recent purchase of WorkSafe Guardian. It…
Defence Holdings names former Microsoft Ventures UK CEO Andrew McCartney as CTO
LONDON: Defence Holdings PLC (LSE: ALRT), the UK’s first listed software-led defence company, has appointed Andrew McCartney as Chief Technology Officer, effective immediately. McCartney, a veteran of sovereign AI infrastructure, co-founded Whitespace, a deep-tech firm delivering generative AI capabilities to defence and public sector clients. He previously served as the inaugural CEO of Microsoft Ventures…
BATM reports interim results with strategic progress across core divisions
Revenue rose to $60.4 million from $58.9 million a year earlier LONDON: BATM Advanced Communications Ltd. (LSE: BVC; TASE: BVC), a global provider of network infrastructure, cybersecurity and diagnostic technologies, reported interim results for the six months ended June 30, 2025, showing modest revenue growth and strategic execution across its core divisions. Revenue rose to…
HICL Infrastructure sells seven UK PPP assets to APG for £225 million
LONDON: HICL Infrastructure PLC said Monday it has agreed to sell a portfolio of seven UK public-private partnership (PPP) assets to Dutch pension services provider APG for approximately £225 million, in line with its March 2025 valuation. The portfolio includes partial stakes in Southmead Hospital and Pinderfields and Pontefract Hospitals, as well as full equity…
Aurizon Holdings posts lower FY2025 profit, launches $150m share buy-back amid strategic gains
Group underlying EBITDA declined 3% to A$1.576 billion, in line with revised guidance issued in June BRISBANE: Aurizon Holdings Ltd. on Monday reported a 14% drop in underlying net profit after tax to A$348 million for the fiscal year ended June 30, citing higher costs and impairments in its bulk division. Statutory profit fell 25%…