SYDNEY: Wilson Asset Management’s WAM Global announced robust full-year results for the fiscal year ending June 30, 2025, highlighting a 19.4% increase in its investment portfolio performance before expenses and fees. The international equity investment company also reported a total shareholder return of 22.1%, including the value of franking credits. Shareholders will receive a fully…
Deterra Royalties sells non-core gold assets for $60 million to reduce debt
PERTH: Deterra Royalties announced Monday it has agreed to sell a package of gold offtake contracts and royalty interests to Vox Royalty Corp. for a total of $60 million, marking the completion of its divestment of non-core assets acquired through its takeover of Trident Royalties Plc. The deal comprises two main parts: the sale of…
Jade Gas Holdings signs first LNG supply deal for Mongolia project
PERTH: Jade Gas Holdings Limited announced Thursday it has secured its first liquefied natural gas sales agreement for production from its coal bed methane project in Mongolia. The initial five-year agreement is with UB Metan LLC, Mongolia’s largest importer of natural gas products. The deal commits Jade to supply a minimum of 20% of its LNG…
Renault Group raises €850 million in oversubscribed green bond offering
PARIS: Renault Group announced Tuesday the successful placement of its first-ever green bond issuance, raising €850 million with a maturity date of Sept. 30, 2030, and a coupon of 3.875%. The offering was significantly oversubscribed, signaling strong investor confidence in the automaker’s strategic transformation under its Renaulution plan. Proceeds from the bonds will be allocated…
Genstore raises $10 million seed round to pioneer AI-native e-commerce
LOS ANGELES: Genstore, a rising startup redefining online retail through AI-native architecture, has closed a $10 million seed funding round led by Weimob, a prominent SaaS player in the e-commerce and retail space. Lighthouse Founders’ Fund also participated in the round, marking Genstore’s first capital raise since its founding in late 2024. The funding will…
Origin Enterprises posts 12.8% EPS growth, boosted by Living Landscapes and resilient agriculture
Group operating profit rose 10.1% to €99.0 million LONDON: Origin Enterprises plc (OEGN.I), the international agri-services group, reported a 12.8% rise in adjusted diluted earnings per share for the year ended July 31, 2025, driven by strong performance in its Living Landscapes division and resilient agricultural operations. Group operating profit rose 10.1% to €99.0 million,…
Amazon to shut all fresh supermarkets in U.K.; Shifts focus to online grocery delivery
LONDON: Amazon said Tuesday it will close all 19 of its Fresh supermarkets in the United Kingdom, marking a strategic retreat from its physical grocery footprint in the region. The company announced the move in a blog post, citing “a thorough evaluation of business operations and the very substantial growth opportunities in online delivery.” Five…
Transense Technologies posts 33% revenue growth, driven by SAWsense and Translogik expansion
LONDON: Transense Technologies plc (AIM: TRT), a UK-based provider of specialist sensor systems, reported a 33% rise in annual revenue to £5.55 million for the year ended June 30, 2025, as both its SAWsense and Translogik divisions delivered strong growth. Profit before tax rose 12% to £1.41 million, supported by strategic investments in engineering, manufacturing,…
Pantheon Infrastructure commits £30 million to US energy and data centre leader Intersect Power
LONDON: Pantheon Infrastructure PLC, the listed global infrastructure fund, has committed to invest approximately £30 million in energy and data centre developer Intersect Power, through a vehicle managed by Climate Adaptive Infrastructure, a US-based infrastructure investor that has raised and managed over $1.3bn in assets. Intersect, headquartered in California, develops and operates utility-scale and industrial power infrastructure to…
Henry Boot sells construction arm to management-led PWS for £4 million
LONDON: British property and construction group Henry Boot (BOOT.L) said on Tuesday it has agreed to sell its construction division, Henry Boot Construction (HBC), to PWS Construction Limited, a newly formed entity led by HBC’s management team, for an initial consideration of £4.0 million. The deal, funded via a vendor loan note issued by Henry…
Biogen acquires Alcyone Therapeutics for $85 million
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 Biogen Inc. has entered into a definitive agreement to acquire private portfolio company Alcyone Therapeutics, Inc. (“Alcyone”). Biogen will acquire Alcyone for an upfront cash payment of $85 million plus…
Begbies Traynor Group appoints Mark Fry as Group Chief Executive Officer
LONDON: Begbies Traynor Group plc, the financial and real estate advisory firm, announced that Mark Fry, currently an executive director and head of restructuring and advisory services, has with immediate effect been appointed as Group Chief Executive Officer (CEO), a newly created role on the Group board. The Group has grown significantly over the last…