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,…
AIB Group posts €927 million profit in H1 2025, resumes interim dividend
LONDON: AIB Group PLC reported a robust first-half performance for 2025, posting a profit after tax of €927 million and announcing the resumption of its interim ordinary dividend, amounting to €263 million. The bank cited strong lending activity and resilient economic conditions in Ireland as key drivers of growth. New lending rose by €600 million…
Pearson reports steady growth in H1 2025, backed by AI and enterprise expansion
Group sales reached £1.72bn, with growth across most divisions, including a 4% rise in Higher Education and Enterprise Learning & Skills LONDON: Pearson Plc, the global education group, delivered a stable first-half performance, with underlying group sales rising 2% and adjusted operating profit increasing by the same margin to £242m. The company reported strong free…
Melrose Industries reports strong first-half results, eyes £600 million free cash flow by 2029
Melrose boosts adjusted operating profit by 29% in H1 2025, driven by aerospace momentum and transformation gains LONDON: Melrose Industries PLC reported a robust first-half performance for 2025, with adjusted operating profit surging 29% and free cash flow improving by £91 million compared to the same period last year. The aerospace and defense company said…
IMI Plc reports solid first-half performance, reconfirms full-year guidance
IMI delivers 5% profit growth, reaffirming full-year earnings outlook LONDON: IMI Plc reported a resilient financial performance for the first half of 2025, with organic revenue rising 2% and organic adjusted operating profit up 5%, despite foreign exchange headwinds that led to a 1% decline in statutory revenue. The company’s adjusted operating margin improved by…
Newmont sells stake in Orosur Mining to institutional investors
LONDON: Orosur Mining Inc. said Thursday it has been notified that Newmont Mining Corporation has sold its approximately 9.4% stake in the company to several institutional long-term investors. The shares were sold at a price of C$0.19 per common share, according to a statement released by Newmont to the Toronto Stock Exchange after market close…
Cel AI to delist from LSE and seek admission to AQSE Growth Market
LONDON: Cel AI Plc (LSE: CLAI), a U.K.-based AI agent deployment platform with a strategic focus on Bitcoin treasury management, announced Friday its intention to seek admission to the Aquis Stock Exchange Growth Market (AQSE Growth Market), effective Sept. 1. The company also plans to cancel its listing on the London Stock Exchange (LSE), pending…
Amcomri has acquired Randor Technologies (Electronix) for €2. million
LONDON: Amcomri Group plc (AIM: AMCO), the UK focused specialist engineering services and industrial manufacturing group, announced completion of the acquisition of Randor Technologies Limited (t/a Electronix Services). Electronix is based in Ireland and provides a specialist industrial electronic repair and reverse engineering service for high value electronic units and systems used in many industrial environments,…
Tech titans lift Nasdaq to record before market pullback
Dow Jones drops 131 points despite blockbuster results from Microsoft and Meta; broader market struggles amid Fed uncertainty and tariff tensions U.S. stocks seesawed Thursday as the S&P 500 and Nasdaq Composite briefly touched intraday records before retreating, weighed down by weakness in broader sectors despite stellar earnings from Microsoft and Meta Platforms. The S&P…