MELBOURNE: Simonds Group Ltd. (ASX: SIO) on Monday reported a 90% year-on-year increase in normalised net profit after tax (NPAT) from continuing operations, reaching $5.7 million for the financial year ended June 30, 2025, driven by margin improvements and strategic expansion. The residential construction firm posted $665.6 million in revenue, up slightly from $663.5 million…
Samsung gains ground in U.S. smartphone market as foldables spark consumer buzz
Samsung narrows gap as Apple’s U.S. smartphone market share slips to 49% Samsung is making a bold comeback in the U.S. smartphone market, fueled by a surge in shipments and the launch of cutting-edge foldable devices that are turning heads—and flipping expectations. According to new data from Canalys, Samsung’s market share in the U.S. jumped…
S&P 500 retreats after record high, chip stocks drag
Dow Jones outperforms on UnitedHealth surge NEW YORK: The S&P 500 edged lower on Friday, taking a breather after scaling an all-time peak earlier in the session, as investors cashed in on gains following a robust week. The broad market index was last down about 0.2%. The Nasdaq Composite declined 0.4%. The Dow Jones Industrial…
Aterian Partners with Cambridge AI spin-out to revolutionize mineral exploration in Morocco
LONDON: Aterian plc (LSE: ATN), a critical mineral exploration and development company, has signed a pioneering Memorandum of Understanding with a stealth-stage machine learning start-up spun out from the University of Cambridge. The start-up, backed by the Royal Academy of Engineering and Entrepreneurs First, specializes in advanced computational modeling for mineral exploration. Under the agreement,…
Vaultz Capital appoints Aleksander Nowak as chief operating officer
LONDON: Vaultz Capital plc (AQSE:V3TC), a digital asset operating company, has appointed Aleksander (“Aleks”) Nowak as Chief Operating Officer (COO), effective immediately. The role is non-Board. Nowak will oversee core business functions and drive operational efficiency, aligning the company’s strategic objectives with its daily execution. His appointment comes as Vaultz Capital accelerates its growth trajectory…
Autocycle acquires Entyr’s Stapylton assets for A$450,000 amid administration process
SYDNEY: Autocycle International Pty Ltd has acquired key operational assets of Entyr Limited’s Stapylton tyre recycling facility for A$450,000, administrators said on Friday, as the insolvent company continues its restructuring process. The transaction, completed by Alvarez & Marsal Australia, includes the sale of plant and equipment, assignment of the facility lease, and transfer of environmental…
Articore delivers first positive EBIT in five years amid marketplace consolidation
MELBOURNE: Articore Group Ltd (ASX: ATG), operator of global online marketplaces Redbubble and TeePublic, posted its first positive fourth-quarter EBIT in five years, driven by aggressive cost-cutting and operational consolidation. The company reported a fourth-quarter gross profit margin of 49.7%, up 430 basis points year-on-year, and a 410 basis point improvement in GPAPA margin to…
Active Energy Group signs heads of terms for 150mw battery storage project in Wales
LONDON: Active Energy Group has signed Heads of Terms with Fonmon Castle Ltd to develop a 150-megawatt Battery Energy Storage System (BESS) in the Vale of Glamorgan, marking a strategic advance in the company’s renewable energy ambitions. Under the agreement, Fonmon Castle Ltd will lease approximately 10 acres of land for 30 years to facilitate…
ABF to acquire Hovis Group, following review of strategic options for Allied Bakeries
LONDON: As stated at the interim results, Associated British Foods plc (“ABF”) has been evaluating a range of strategic options for Allied Bakeries, its UK bakery business. Profitability at Allied Bakeries has been increasingly challenged in recent years by a decline in demand for pre-sliced, packaged bread and a loss of scale in Allied Bakeries’…
Eledon Pharmaceuticals reports narrowed Q2 loss; Advances tegoprubart across transplant programs
Company posted a net loss of $11.2 million, or $0.13 per basic common share IRVINE: Eledon Pharmaceuticals, Inc. (Nasdaq: ELDN) on Thursday reported a significantly reduced net loss for the second quarter of 2025, alongside key clinical and operational milestones for its lead investigational candidate, tegoprubart. The company posted a net loss of $11.2 million,…
Duos Technologies reports record Q2 revenue, reaffirms full-year guidance
Net operating loss for the quarter widened slightly to $3.44 million from $3.22 million a year earlier JACKSONVILLE: Duos Technologies Group, Inc. (Nasdaq: DUOT) on Thursday reported a 280% year-over-year increase in second-quarter revenue, driven by strong performance in its energy services and edge computing segments. The Jacksonville, Florida-based company said it remains on track…
U.S. stocks rebound despite inflation jitters; S&P 500 closes at record high
Dow Jones slips despite intraday rebound, weighed down by inflation concerns and rate cut uncertainty NEW YORK: U.S. stocks clawed back from early losses on Thursday, with investors once again buying the dip despite a hotter-than-expected wholesale inflation report that clouded hopes for a near-term Federal Reserve rate cut. The S&P 500 eked out a…