LONDON: Laumann Group UK Limited, a subsidiary of the German building products giant Laumann Stiftung & Co. KG, announced Thursday a recommended cash acquisition of Epwin Group plc for approximately £167.3 million. The deal, which values each Epwin share at 120 pence, is intended to be implemented through a court-sanctioned scheme of arrangement. The acquisition…
Honda’s Q1 operating profit plunges 50% amid U.S. tariffs, strong yen
TOKYO: Honda Motor Co. reported a 50% drop in first-quarter operating profit on Wednesday, missing analyst expectations as U.S. auto tariffs and a stronger yen weighed on earnings. The Japanese automaker posted operating profit of 244.17 billion yen ($1.65 billion) for the quarter ended June 30, falling short of the 323.48 billion yen average estimate…
Douglas Emmett swings to Q2 loss, announces plan for major office-to-residential conversion
REIT reports higher revenue but lower funds from operations, narrows 2025 guidance Douglas Emmett Inc. (DEI.N) on Wednesday reported a net loss of $6 million for the second quarter of 2025, a shift from the $11 million net income in the same period last year. Revenues for the quarter were $252 million, an increase from…
Videndum Plc reports significant revenue decline, increased losses in H1 2025
Company blames U.S. trade policies and economic uncertainty for 25% revenue drop; acknowledges ‘material uncertainty’ in financial outlook LONDON: Videndum PLC reported a significant decline in its first-half 2025 results, with revenue down 25% compared to the same period in 2024. The company, which provides hardware and software for the content creation market, cited ongoing…
ImmuPharma reports interim loss amid breakthroughs in autoimmune drug platform
The Group posted a loss of £1.8 million, up from £0.4 million in the same period last year LONDON: ImmuPharma PLC (LSE:IMM), a specialist in drug discovery and development, reported a widened interim loss for the six months ended June 30, 2025, as the company ramped up investment in its P140 autoimmune technology platform. The…
Ibstock Plc reports H1 2025 results, cites market recovery and volume growth
LONDON: Ibstock Plc, a leading UK manufacturer of building products, on Wednesday announced interim results for the six months ended June 30, 2025, highlighting strong volume growth driven by a recovering market, particularly in new-build residential construction. The company reported a revenue increase of 8.6% to £193 million, up from £178 million in the first…
Hiscox Ltd reports strong interim results with broad-based growth and capital returns
Earnings per share declined to 67.2 cents from 75.1 cents, but the interim dividend rose 9.1% year-on-year to 14.4 cents per share LONDON: Hiscox Ltd reported robust interim results for the six-month period ended June 30, 2025, marked by broad-based growth, strong profitability, and enhanced book value creation. The insurer posted a 5.7% increase in…
Metro Bank triples profit in first half of 2025 amid strategic revamp
Bank reports record corporate lending and lowest cost of deposits among UK high street competitors, signaling successful execution of turnaround strategy LONDON: Metro Bank Holdings PLC on Wednesday reported strong financial performance for the first half of 2025, with profits more than tripling due to strategic actions that included increased lending and reduced operating costs….
Air Astana reports strong H1 2025 results with 132% PAT surge, maintains guidance
LONDON: Air Astana JSC, Central Asia’s leading airline group, reported robust financial results for the second quarter and first half of 2025, driven by sustained revenue growth, disciplined cost management, and expanding passenger demand. The Group, which includes low-cost subsidiary FlyArystan, posted a 24.1% year-on-year increase in EBITDAR to USD 157.0 million and a 131.9%…
Coca-Cola Europacific Partners reaffirms full-year profit and cash guidance after “solid” first half
Company reported a 4.5% increase in comparable revenue to €10.27 billion for the six months LONDON: Coca-Cola Europacific Partners (CCEP) announced solid results for the first half of 2025, reaffirming its full-year profit and cash guidance despite a volatile global economic environment. The company, which bottles and distributes Coca-Cola products across Europe and the Asia-Pacific…
Centuria Industrial REIT reports solid FY25 results, announces $60 million buy-back
SYDNEY: Centuria Industrial REIT (ASX: CIP), Australia’s largest domestic pure-play industrial real estate investment trust, posted a 2% year-on-year increase in Funds From Operations (FFO) to $110.9 million for the fiscal year ended June 30, 2025. The REIT delivered 17.5 cents per unit in FFO and 16.3 cents in distributions, both in line with guidance….
Nine Energy Service reports Q2 revenue at upper end of guidance despite market headwinds
The company posted a net loss of $10.4 million HOUSTON: Nine Energy Service, Inc. (NYSE: NINE) reported second-quarter 2025 revenue of $147.3 million, landing at the upper end of its original guidance range of $138.0 to $148.0 million, despite significant rig declines and commodity price pressures in the U.S. land market. The company posted a…