LONDON: Eli Lilly & Co (LLY.N) said on Thursday it will raise the list price of its diabetes drug Mounjaro in the United Kingdom starting Sept. 1, as former U.S. President Donald Trump intensifies pressure on pharmaceutical companies to lower domestic drug prices and offset costs abroad. The U.S. drugmaker said it reached an agreement…
Fundwell acquires EveryStreet to boost business cash flow tools
NEW YORK: Fundwell, a leading fintech platform for business financing, announced Thursday it has acquired EveryStreet, an innovator in accounts receivable and payable technology. The acquisition brings EveryStreet’s founders and team into the Fundwell organization, expanding its platform to provide businesses with more comprehensive tools for managing cash flow. The deal, which closed on Aug….
MHA Plc reports 45% revenue surge ahead of AIM IPO, eyes international expansion
LONDON: MHA plc (AIM: MHA), a leading provider of audit, tax, and advisory services, reported a 45% jump in full-year revenue to £224.2 million for the year ended March 31, 2025, marking a pivotal year capped by its successful IPO on the London Stock Exchange’s AIM market. Adjusted EBITDA rose 32% to approximately £41.1 million,…
Secure Trust Bank posts 36% rise in adjusted H1 profit, pivots from vehicle finance
LONDON: Secure Trust Bank PLC (STB.L), a UK-based specialist lender, reported a 36.3% rise in adjusted pre-tax profit to £23.3 million for the six months ended June 30, 2025, driven by strong income growth and tighter cost controls. The Group’s statutory profit before tax rose 30.4% to £22.3 million, while net lending increased 6.1% to…
Vellox Group acquires ADSoftware to create unified aviation operations platform
NEW YORK: Vellox Group, a leader in aviation operations software, announced Thursday it has acquired French-based ADSoftware, a provider of CAMO and maintenance software. The acquisition expands Vellox’s platform into the maintenance domain, creating a single solution for aviation operators to manage flight operations and airworthiness. The company said this integration will eliminate operational silos…
PensionBee Group reports 21% AUA growth, expands US footprint in H1 2025 interim results
LONDON: PensionBee Group plc reported strong interim results for the six months ended June 30, 2025, underscoring its continued growth in the UK and laying strategic foundations in the US retirement market. The online pension provider saw a 21% year-on-year increase in Assets Under Administration (AUA), reaching £6.3 billion, and a 14% rise in Invested…
AleraCare and PURE Healthcare announce merger agreement
DALLAS: AleraCare and PURE Healthcare, two leading providers of infusion and specialty pharmacy services, announced Thursday that they have entered into a definitive merger agreement. The merger aims to expand access to high-quality patient care and lower the overall cost of healthcare for individuals with complex chronic and autoimmune conditions. Terms of the transaction were…
Antofagasta Plc reports 60% surge in EBITDA, doubling underlying EPS in H1 2025
LONDON: Antofagasta plc reported a 60% year-on-year increase in EBITDA to $2.23 billion for the six months ended June 30, 2025, driven by higher copper production and materially lower costs. The EBITDA margin rose 12 percentage points to 58.8%, placing the Chilean miner among the top-tier global pure-play copper producers. CEO Iván Arriagada attributed the…
DP World posts strong H1 2025 results amid global trade disruptions
Cash generated from operations surged to $2.63 billion, up 25.6% from the prior year DUBAI: DP World reported robust financial results for the first half of 2025, with revenue rising 20.4% year-over-year to $11.24 billion and adjusted EBITDA climbing 21.4% to $3.03 billion, despite ongoing geopolitical tensions and supply chain disruptions. The global logistics giant…
CAB Payments reports interim results for H1 2025
LONDON: CAB Payments Holdings plc (CABP.L), a specialist in B2B foreign exchange and cross-border payments for hard-to-reach markets, reported modest growth and strategic progress in its interim results for the six months ended June 30, 2025, as the Group continues its transformation journey. Total income rose 3% to £51.8 million compared to H2 2024, driven…
National Grid to sell Grain LNG Terminal for £1.66 billion in strategic refocus
LONDON: National Grid plc (NG.L) said on Thursday it has agreed to sell its Grain LNG business to a consortium comprising Centrica plc and Energy Capital Partners LLC, part of Bridgepoint Group plc, for approximately £1.66 billion including a pre-completion dividend. The sale marks a further step in National Grid’s strategy to streamline operations and…
Unite Group to acquire Empiric Student Property Plc in £723 million deal
LONDON: The Unite Group PLC, the UK’s largest provider of purpose-built student accommodation (PBSA), has reached an agreement to acquire rival Empiric Student Property PLC for approximately £723 million in a cash and share deal. The acquisition, which is recommended by both companies’ boards, aims to create a combined portfolio valued at £10.5 billion and…