Lynchburg-based financial services firm posted net income of $2.70 million, or $0.60 per share, for the three months ended June 30 LYNCHBURG: Bank of the James Financial Group Inc. (NASDAQ: BOTJ), the parent company of Bank of the James and investment advisory firm Pettyjohn, Wood & White Inc., reported a sharp rise in second-quarter earnings,…
Clarkson PLC reports resilient interim results amid global uncertainty
Group posted an underlying profit before taxation of £39.4 million, down from £51.5 million in the same period last year LONDON: Clarkson PLC on Monday reported unaudited interim results for the six months ended June 30, 2025, highlighting a resilient performance despite a challenging global economic backdrop. The UK-based shipping services group posted an underlying…
Senior plc reports strong interim results, confirms sale of Aerostructures Division
Company posted revenue of £371.2 million from continuing operations, up 5% LONDON: Senior plc, a global manufacturer of high-technology components and systems, reported robust interim results for the half-year ended June 30, 2025, with performance in line with expectations and strategic progress marked by the agreed sale of its Aerostructures division. The company posted revenue…
BP announces major oil and gas discovery at Bumerangue Prospect offshore Brazil
bp announced an oil and gas discovery at the Bumerangue prospect in the deepwater offshore Brazil LONDON: bp drilled exploration well 1-BP-13-SPS at the Bumerangue block, located in the Santos Basin, 404 kilometres (218 nautical miles) from Rio de Janeiro, in a water depth of 2,372 metres. The well was drilled to a total depth of 5,855 metres. The…
Zegona announces FibreCo joint venture in Spain with Vodafone, MasOrange, and GIC
LONDON: Zegona Communications plc (LSE: ZEG) announced Monday that Vodafone Holdings Europe, MasOrange S.L, and global investor GIC Private Markets Pte Ltd have entered into a binding agreement to establish FibreCo, a new fibre network company in Spain. The deal activates a prior agreement signed in January 2025 between Vodafone Spain and MasOrange, aiming to…
Auction Technology Group acquires Chairish LLC for $85 million
LONDON: Auction Technology Group plc (LON: ATG), a leading operator of curated online auction marketplaces, announced Monday the acquisition of Chairish LLC, a premier list-price marketplace for vintage furniture, décor, and art, in a deal valued at $85 million. The acquisition marks a strategic expansion for ATG into the broader Arts & Antiques (A&A) market,…
Medallion Metals secures binding deal to acquire Forrestania nickel operation
PERTH: Medallion Metals Ltd. (ASX:MM8) has executed a binding Asset Sale Agreement with IGO Ltd. to acquire the Forrestania Nickel Operation (FNO), marking a major milestone in its strategy to become a gold and copper producer in Western Australia. Under the agreement, Medallion will obtain full legal and beneficial ownership of the FNO tenements, including…
Berkshire Hathaway posts dip in Q2 earnings, warns of tariff fallout
OMAHA: Berkshire Hathaway reported a slight decline in second-quarter operating earnings Saturday, as Warren Buffett’s conglomerate flagged growing risks from escalating U.S. tariffs. Operating profit from the company’s core businesses — including insurance, railroads, energy and retail — fell 4% year-over-year to $11.16 billion. The dip was largely driven by weaker insurance underwriting, though other…
Stocks slide as weak jobs data and tariff shock rattle markets
Dow Jones today plunges nearly 500 points as investor confidence shaken U.S. stocks tumbled Friday as investors digested disappointing labor market data and a fresh wave of tariffs announced by President Donald Trump, sparking fears of a broader economic slowdown. The Dow Jones Industrial Average fell 498 points, or 1.1%. The S&P 500 dropped 1.5%,…
Amazon’s AWS margins slide to lowest level since 2023
Amazon’s online store sales rose 11% to $61.5 billion, while advertising revenue jumped 23% to $15.7 billion SEATTLE: Amazon Web Services (AWS) reported its lowest profit margins since late 2023, raising concerns among investors about the tech giant’s ability to maintain growth in its cloud computing division. Amazon said AWS operating margins fell to 32.9%…
Nintendo posts 132% revenue surge on blockbuster Switch 2 launch
TOKYO: Nintendo more than doubled its revenue in the fiscal first quarter, buoyed by explosive sales of its newly launched Switch 2 console, the company said Friday. The Japanese gaming giant reported revenue of ¥572.3 billion ($3.8 billion) for the quarter ending June 30, a 132% increase from the same period last year and well…
Duratec acquires EIG Australia in $9 million deal to expand fuel infrastructure capabilities
PERTH: Engineering and remediation contractor Duratec Ltd. has acquired 100% of AMD Electrical Pty Ltd., trading as EIG Australia, in a deal worth up to 9 million Australian dollars, the company announced Friday. The acquisition strengthens Duratec’s position in the national fuel infrastructure market and expands its self-perform capabilities across the Defence, Mining & Industrial,…