SAN FRANCISCO: Evertune, a platform specializing in Generative Engine Optimization (GEO) and AI marketing, announced today that it has raised $15 million in a Series A funding round led by Felicis Ventures. The company plans to use the new capital to expand its platform, which helps brands measure and optimize their presence in AI-generated content…
Perplexity AI makes $34.5 billion unsolicited bid for Google Chrome amid antitrust fallout
SAN FRANCISCO: Perplexity AI has made an unsolicited $34.5 billion bid for Google’s Chrome browser, CNBC confirmed Tuesday, marking a bold move amid intensifying competition in the generative AI space. The offer exceeds Perplexity’s most recent valuation of $18 billion, set in July, and nearly doubles its earlier $14 billion valuation. The company said several…
Derwent London reports strong H1 2025 performance, signals growth ahead
Gross rental income rose 1.5% to £109.1 million, net rental income dipped slightly to £94.0 million LONDON: Derwent London plc reported unaudited results for the six months ended 30 June 2025, highlighting strong leasing momentum, resilient financials, and a strategic portfolio repositioning aimed at long-term growth. The Group completed £13.8 million in leasing, renewals, and…
BigBear.ai reports Q2 loss, eyes growth from homeland security bill and UAE partnership
The company posted a net loss of $228.6 million, compared to $14.4 million in the same period last year COLUMBIA: BigBear.ai Holdings, Inc. (NYSE: BBAI), a provider of AI-powered decision intelligence solutions, reported a widened net loss for the second quarter of 2025, citing federal contract disruptions and strategic investments tied to emerging opportunities in…
Wilmington acquires Spain’s Conversia for €121.6 million to expand GRC footprint
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…