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…
WPP Plc sees challenging first half, reports declines amid client spending pressures and restructuring efforts
For the first six months of 2025, WPP’s revenue dropped to £6.66 billion, a 7.8% decrease LONDON: WPP Plc, one of the world’s largest advertising and marketing services companies, reported a challenging first half of 2025, with declines across key financial metrics as a result of client spending pressures and a slower new business environment….
Just Group reports dip in first-half profit, forecasts strong rebound in second half of 2025
CEO cites quieter DB market, announces 20% dividend increase amid strategic investments for future growth LONDON: Just Group PLC, a specialist in retirement solutions, reported mixed financial results for the first half of 2025, with a dip in underlying operating profit and sales attributed to a quieter market at the start of the year. However,…
Laumann Group UK to acquire Epwin Group in £167.3 million deal
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…