LONDON: Defence Holdings PLC (LSE: ALRT), the UK’s first listed software-led defence company, has appointed Andrew McCartney as Chief Technology Officer, effective immediately. McCartney, a veteran of sovereign AI infrastructure, co-founded Whitespace, a deep-tech firm delivering generative AI capabilities to defence and public sector clients. He previously served as the inaugural CEO of Microsoft Ventures…
BATM reports interim results with strategic progress across core divisions
Revenue rose to $60.4 million from $58.9 million a year earlier LONDON: BATM Advanced Communications Ltd. (LSE: BVC; TASE: BVC), a global provider of network infrastructure, cybersecurity and diagnostic technologies, reported interim results for the six months ended June 30, 2025, showing modest revenue growth and strategic execution across its core divisions. Revenue rose to…
HICL Infrastructure sells seven UK PPP assets to APG for £225 million
LONDON: HICL Infrastructure PLC said Monday it has agreed to sell a portfolio of seven UK public-private partnership (PPP) assets to Dutch pension services provider APG for approximately £225 million, in line with its March 2025 valuation. The portfolio includes partial stakes in Southmead Hospital and Pinderfields and Pontefract Hospitals, as well as full equity…
Aurizon Holdings posts lower FY2025 profit, launches $150m share buy-back amid strategic gains
Group underlying EBITDA declined 3% to A$1.576 billion, in line with revised guidance issued in June BRISBANE: Aurizon Holdings Ltd. on Monday reported a 14% drop in underlying net profit after tax to A$348 million for the fiscal year ended June 30, citing higher costs and impairments in its bulk division. Statutory profit fell 25%…
GWA Group delivers solid FY25 results amid market headwinds, launches $30m buyback
Group revenue rose 1.2% to A$418.5 million, while normalised EBIT climbed 2.8% to A$76.3 million SYDNEY: GWA Group Ltd. (ASX:GWA), a leading provider of water solutions for residential and commercial markets, posted a modest earnings increase for the fiscal year ended June 30, 2025, as disciplined execution offset broader economic pressures. Group revenue rose 1.2%…
Adrad Holdings posts 8.9% revenue growth despite margin pressure
Company’s pro forma EBITDA fell 2.8% to A$17.7 million SYDNEY: Adrad Holdings Ltd. (ASX: AHL), an Australian manufacturer of industrial heat transfer solutions and automotive aftermarket parts, reported an 8.9% rise in full-year revenue to A$153.1 million, despite a slight dip in earnings amid operational headwinds. The company’s pro forma EBITDA fell 2.8% to A$17.7…
360 Capital REIT swings to profit, eyes growth amid stabilising valuations and leasing wins
Operating profit rose 24.8% to A$5.2 million SYDNEY: 360 Capital REIT (ASX:TOT) reported a statutory profit of A$1.3 million for the fiscal year ended June 30, reversing a A$21.9 million loss in FY24, as stabilising asset values, active leasing and falling finance costs buoyed performance. Operating profit rose 24.8% to A$5.2 million, while operating earnings…
EVT launches Connect Hospitality, acquires Pro-invest Hotels to expand asset-light management portfolio
SYDNEY: EVT Limited (ASX: EVT) has announced the launch of EVT Connect Hospitality, a new third-party hotel brand management model, alongside its acquisition of Pro-invest Hotels, a move aimed at accelerating growth in the asset-light accommodation sector. The acquisition, valued at $74 million with a potential earn-out of up to $30 million, includes 15 long-term…
Simonds Group reports 90% surge in normalised profit amid strategic expansion
MELBOURNE: Simonds Group Ltd. (ASX: SIO) on Monday reported a 90% year-on-year increase in normalised net profit after tax (NPAT) from continuing operations, reaching $5.7 million for the financial year ended June 30, 2025, driven by margin improvements and strategic expansion. The residential construction firm posted $665.6 million in revenue, up slightly from $663.5 million…
Samsung gains ground in U.S. smartphone market as foldables spark consumer buzz
Samsung narrows gap as Apple’s U.S. smartphone market share slips to 49% Samsung is making a bold comeback in the U.S. smartphone market, fueled by a surge in shipments and the launch of cutting-edge foldable devices that are turning heads—and flipping expectations. According to new data from Canalys, Samsung’s market share in the U.S. jumped…
S&P 500 retreats after record high, chip stocks drag
Dow Jones outperforms on UnitedHealth surge NEW YORK: The S&P 500 edged lower on Friday, taking a breather after scaling an all-time peak earlier in the session, as investors cashed in on gains following a robust week. The broad market index was last down about 0.2%. The Nasdaq Composite declined 0.4%. The Dow Jones Industrial…
Aterian Partners with Cambridge AI spin-out to revolutionize mineral exploration in Morocco
LONDON: Aterian plc (LSE: ATN), a critical mineral exploration and development company, has signed a pioneering Memorandum of Understanding with a stealth-stage machine learning start-up spun out from the University of Cambridge. The start-up, backed by the Royal Academy of Engineering and Entrepreneurs First, specializes in advanced computational modeling for mineral exploration. Under the agreement,…