LONDON: Wilmington plc (LSE: WIL), a provider of data, information, education and training services in global Governance, Risk and Compliance (GRC) markets, said on Tuesday it has agreed to acquire Spanish RegTech firm Professional Group Conversia, S.L.U. for €121.6 million ($132 million), subject to foreign investment clearance. The deal, funded through a mix of existing…
PageGroup H1 profits plunge amid global economic uncertainty
Revenue falls 11.1% to £798.4 million and operating profit plunging 92.5% to £2.1 million LONDON: PageGroup Plc, the specialist professional recruitment company, reported a sharp drop in its first-half financial results, with profit before tax plummeting 99.2% to £0.2 million compared to the same period last year. The company’s interim report, released Tuesday, showed revenue…
Xaar Plc reports 7% revenue growth in H1 2025, driven by jewellery wax and printhead expansion
CAMBRIDGE: Xaar plc, a leading inkjet printing technology group, reported a 7% increase in revenue for the first half of 2025, reaching £27.2 million, up from £25.5 million in the same period last year. The growth was led by a surge in printhead sales, particularly in the jewellery wax segment. Printhead revenue rose 20% to…
Spirax Group posts solid organic growth in H1 2025, reaffirms full-year outlook
For six months, the company posted statutory revenue of £822.2 million, down 1% LONDON: Spirax Group reported half-year results Tuesday that were in line with expectations, reaffirming its full-year guidance despite macroeconomic headwinds and restructuring costs. For the six months ended June 30, the company posted statutory revenue of £822.2 million, down 1% from £827.0…
Entain Plc beats H1 forecasts, upgrades FY25 guidance on strong BetMGM growth
Group EBITDA reached £583 million, up 11% versus H1 2024 LONDON: Entain plc (LSE: ENT), the global sports betting and gaming group, reported stronger-than-expected interim results for the six months ended 30 June 2025, driven by robust performance across its core markets and a standout contribution from BetMGM. Group Net Gaming Revenue (NGR), including Entain’s…
Aris Water Solutions reports strong second quarter performance ahead of acquisition
For three months, Aris reported a 9% increase in Adjusted EBITDA to $54.6 million HOUSTON: Aris Water Solutions Inc. announced a strong second quarter on Tuesday, posting a net income of $14.1 million and setting a new record for produced water handling volumes. The company’s performance comes ahead of a planned acquisition by Western Midstream…
Magnachip CEO steps down amid strategic overhaul; Camillo Martino named interim chief
SEOUL: Magnachip Semiconductor Corporation (NYSE: MX) announced Monday that CEO YJ Kim has stepped down from his role and from the Board of Directors, effective immediately. Camillo Martino, Chairman of the Board, has been appointed Interim Chief Executive Officer. The leadership change comes as Magnachip undergoes a strategic transformation to become a pure-play power semiconductor…
Pennington Creek Capital acquires majority stake in Rite in the Rain
DALLAS: Pennington Creek Capital, LLC, a Dallas-based private equity firm wholly owned by the Chickasaw Nation, announced Tuesday a majority equity investment in Rite in the Rain, a Tacoma, Washington-based manufacturer of water-resistant writing and field gear. “This investment in Rite in the Rain represents an important step in our business diversification,” said Chickasaw Nation…
Datasite acquires Blueflame AI
MINNEAPOLIS: Datasite, a global SaaS provider of AI-powered workflow collaboration and automation solutions for mergers and acquisitions (M&A), investment, and strategic projects, has acquired Blueflame AI, a leading developer of agentic AI solutions for financial services. Terms of the transaction were not disclosed. The acquisition marks a strategic move by Datasite to deepen its capabilities…
Spark sells 75% stake in data center business to Pacific Equity Partners for up to $705 million
SYDNEY: Spark New Zealand has agreed to sell a 75% stake in its data center business to Pacific Equity Partners (PEP). The deal values the business at up to $705 million. This sale is intended to provide a funding pathway for Spark’s planned data center development pipeline of over 130MW+. Spark will retain a 25%…
Westpac Banking Corp appoints Carolyn McCann as chief executive consumer division
SYDNEY: Westpac Banking Corporation on Tuesday announced the appointment of Carolyn McCann as Chief Executive of its Consumer division, effective immediately. McCann, who has served as Acting Chief Executive since May 12, brings nearly 30 years of corporate experience, including two decades in banking and insurance and more than a decade at Westpac. “Carolyn is…
Stocks slide as inflation fears take center stage
Dow Jones drops 200 points as traders await key inflation data NEW YORK: U.S. stocks fell Monday as traders awaited key inflation data later this week, overshadowing a positive development on the trade front. The Dow Jones Industrial Average slipped 200.52 points, or 0.45%, to close at 43,975.09. The S&P 500 lost 0.25%, settling at…