LONDON: Jangada Mines Plc (AIM: JAN), a natural resource development company, has appointed Paulo Guimarães Misk as Chief Executive Officer, effective immediately. The move marks a strategic shift as the company intensifies efforts to advance its Paranaíta Gold Project in Brazil’s Alta Floresta – Juruena Gold Province. Misk, a Brazilian national with nearly four decades…
Severfield appoints Paul McNerney as new CEO
LONDON: Severfield plc, the UK’s market-leading structural steel group, has appointed Paul McNerney as its new Chief Executive Officer following a comprehensive executive search. McNerney will assume the role in the autumn, with a formal start date to be announced. McNerney brings more than 25 years of leadership experience in construction and engineering, most recently…
ASB reports 1% dip in annual profit amid strong lending and KiwiSaver growth
SYDNEY: ASB Bank, a subsidiary of Commonwealth Bank of Australia, posted a 1% decline in cash net profit after tax to NZ$1.35 billion for the year ended June 30, citing increased operating expenses and continued investment in technology and customer services. Statutory net profit after tax fell 0.4% to NZ$1.45 billion. Despite the dip in…
Stocks rally as tame inflation data fuels rate cut bets
Dow Jones jumps 463 points as inflation data sparks rate cut optimism NEW YORK: U.S. stocks surged Tuesday after fresh inflation data came in slightly below expectations, bolstering hopes that the Federal Reserve may cut interest rates as soon as next month. The Dow Jones Industrial Average climbed 463 points, or 1.1%, to 44,428. The…
Atlantic American Corp swings to profit in Q2 2025 on premium growth, equity gains
The insurance holding company posted net income of $4.1 million ATLANTA: Atlantic American Corporation (Nasdaq: AAME) reported net income of $3.3 million, or $0.15 per diluted share, for the second quarter ended June 30, 2025, reversing a net loss of $0.7 million, or $0.04 per diluted share, in the same period last year. For the…
Your roadmap to success: How to craft a business plan that attracts angel investors
For any aspiring entrepreneur, turning a brilliant idea into a thriving business requires more than just passion—it demands a strategic roadmap. This is where a well-crafted business plan comes in. A comprehensive plan is the foundation upon which you build your company, but it’s also a powerful tool for attracting the funding you need to…
Evertune raises $15 million to help brands optimize for AI-powered search
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…