MELBOURNE: JB Hi-Fi Ltd. reported a 10% rise in full-year sales to $10.55 billion, driven by strong consumer demand and strategic product launches across its Australian and New Zealand operations. Net profit after tax rose 5.4% to $462.4 million, while underlying earnings excluding one-off expenses climbed 8.5% to $476.1 million. The electronics and appliance retailer…
Iress Ltd posts strong core earnings growth amid strategic transformation
The company posted a statutory net profit after tax of A$17.3 million for the six months MELBOURNE: Financial technology firm Iress Ltd. (ASX:IRE) reported a 19% rise in underlying earnings per share from its continuing business in the first half of 2025, driven by solid performance in its trading and wealth segments. The company posted…
Dexus Convenience Retail REIT announces strong FT25 results, exceeding guidance
Company posts increase in like-for-like net property income growth to 2.9% SYDNEY: Dexus Convenience Retail REIT (DXC) announced its full-year results for the period ending June 30, 2025, confirming a distribution of 20.7 cents per security. This figure is slightly above the company’s guidance of 20.6 cents per security. The results highlighted an increase in…
Cash Converters expands Australian corporate store network with franchise acquisitions
SYDNEY: Cash Converters International Limited (ASX: CCV) has acquired 14 franchise stores across New South Wales, Queensland, and Victoria, continuing its aggressive expansion of corporate-owned outlets in Australia. The acquisitions include: All transactions were funded from available cash and completed at a blended earnings multiple of 4.3x EBITDA. The newly acquired stores are expected to…
Tuas Limited to acquire M1 Limited in S$1.43 billion deal; Launches A$416 million equity raise
SINGAPORE: Tuas Limited (ASX: TUA), through its subsidiary Simba Telecom, announced Monday it will acquire M1 Limited (excluding its ICT businesses) for S$1.43 billion, aiming to create a stronger, more competitive telecommunications player in Singapore. The acquisition, subject to regulatory approval by the Infocomm Media Development Authority, will be funded through existing cash reserves, a…
Xpand raises $6 million to launch AI-powered autonomous retail stores
TEL AVIV: Xpand, a retail technology startup developing autonomous, AI-powered stores, announced Monday it has raised $6 million in a funding round led by Ibex Investors and Emerge. The company’s executive team, including Chairman and CEO Joel Bar-El, also participated, underscoring internal confidence in its strategic direction. “Our mission is to power the next generation…
Datasite acquires Sourcescrub to expand AI-powered M&A platform
MINNEAPOLIS: Datasite, a global software-as-a-service provider specializing in artificial intelligence-powered solutions for mergers and acquisitions, announced today it has acquired Sourcescrub, a California-based provider of deal-sourcing data and workflows. The acquisition from Francisco Partners is the latest move in Datasite’s strategy to enhance its offerings for M&A professionals. The Sourcescrub acquisition follows a $500 million…
Yango Group makes first investment in Pakistan, backs logistics fintech Trukkr
Yango Group, a UAE-based technology company, has entered the Pakistani startup ecosystem with its first investment in the country, acquiring a stake in Trukkr, a fintech platform focused on digitizing financial services for the logistics sector. The investment, made through Yango Ventures, will enable Trukkr to expand its operations, enhance its credit-scoring capabilities, and improve…
Tech surge powers Wall Street to weekly gains amid tariff turmoil
Dow Jones climbs 207 points as investors shake off tariff fears; Apple leads tech rally with best week since 2020 NEW YORK: Stocks climbed Friday, capping a strong week for Wall Street as tech shares led the charge and investors shrugged off fresh tariff threats from President Donald Trump. The Nasdaq Composite rose 0.98% to…
International Bancshares Corporation posts higher Q2 earnings on strong loan growth, interest income
For the six months, net income rose to $197.0 million compared to $194.3 million last year LAREDO: International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, reported second-quarter net income of $100.1 million, or $1.61 per diluted share, up 3.2% from $97.0 million, or $1.56 per diluted share, in the…
Wall Street turns lower as tariff concerns resurface; Caterpillar, Eli Lilly lead declines
Dow drops 332 points as Caterpillar, Eli Lilly slump; chipmakers rally on Trump’s tariff exemption NEW YORK: U.S. stocks reversed early gains and closed lower on Thursday as renewed concerns over President Donald Trump’s tariff policy weighed on investor sentiment, with industrial and pharmaceutical shares leading the retreat. The Dow Jones Industrial Average fell 332…
CRH reports strong Q2 results, raises full-year guidance on robust demand and acquisitions
Company posted revenues of $10.2 billion, up 6%, net income rose 2% to $1.3 billion NEW YORK: CRH Plc (NYSE: CRH), a leading provider of building materials solutions, on Thursday reported second-quarter 2025 financial results, citing strong underlying demand, favorable pricing, and strategic acquisitions as key drivers of growth. The company posted total revenues of…