LONDON: Serco, the international provider of critical services to governments announced the appointment of Michael LaRouche as Chief Executive Officer (CEO) of Serco’s North American division effective 1 October 2025. With over 30 years of business and engineering leadership across defence and adjacent sectors for both US and international customers, Michael brings deep expertise to…
Gold trading: The allure, the agony, and the lessons traders are learning
Gold—often hailed as the ultimate safe haven—has become a battlefield for retail traders trying to tame its wild swings. For many, the XAU/USD pair is less a predictable asset and more a psychological thriller. One trader summed it up with brutal honesty: “I’ve been trading gold for almost two years. It never respects zones. Always…
HEINEKEN to acquire FIFCO beverage and retail business in $3.2 billion deal
AMSTERDAM: HEINEKEN N.V. said Monday it has signed a binding agreement to acquire the beverage portfolio and proximity retail business of Costa Rica-based Florida Ice and Farm Company S.A. (FIFCO), expanding its footprint across Central America in a deal valued at approximately $3.2 billion. The transaction builds on a partnership dating back to 1986 and…
Bittium acquires minority stake in MarshallAI to advance embedded AI for defense sector
HELSINKI: Finnish technology firm Bittium said on Tuesday it has acquired a 24.9% stake in artificial intelligence company MarshallAI (Kradient Intelligence Oy) through a directed share issue, aiming to bolster its software-driven AI capabilities across defense, medical, and engineering segments. The strategic investment aligns with Bittium’s long-term roadmap to develop embedded AI solutions, particularly for…
Saudi Arabia’s MODON launches region’s first multi-story factory in Dammam
DAMMAM: The Saudi Authority for Industrial Cities and Technology Zones, known as MODON, has launched a landmark project in Dammam’s First Industrial City: the Multi-Story Factory, the first of its kind in the Arabian Gulf region. The eight-story facility spans more than 7,500 square meters and houses 78 industrial units ranging from 156 to 251…
UAE’s Arada enters UK housing market with majority stake in London developer Regal
Dubai: UAE-based property developer Arada has announced its entry into the UK housing market through the acquisition of a 75% stake in Regal, a leading London-based residential-led mixed-use developer. The deal marks Arada’s second international expansion following its move into Australia in 2024, and aligns with its strategy to diversify geographically. The company, which launched…
Recur Software acquires Innova Zones, expands into food processing software market
SAN FRANCISCO: Recur Software announced Monday it has acquired Innova Zones, a leading provider of asset and compliance management software tailored for food processing facilities. The acquisition marks Recur’s official entry into the food processing software vertical. Founded in 2014, Innova Zones serves more than 170 food processing plants across the United States, including facilities…
Mineros S.A. acquires full ownership of La Pepa gold project in Chile
MEDELLIN: Mineros S.A. (TSX:MSA, MINEROS:CB), a leading Latin American gold producer, has announced the successful acquisition of the remaining 80% interest in the La Pepa Project from Pan American Silver Corp. for approximately US$40 million. With this transaction, Mineros now holds 100% ownership of the advanced-stage gold exploration asset located in Chile’s prolific Maricunga Gold…
B.P. Marsh acquires 35% stake in UK insurance start-up Salus
LONDON: B.P. Marsh & Partners Plc (AIM: BPM), a specialist private equity investor in early-stage financial services firms, said on Monday it has acquired a 35% Cumulative Preferred Ordinary shareholding in Salus, a newly launched UK-based insurance intermediary group focused on Professional Indemnity insurance. The investment includes up to £2 million in funding, structured as…
Oberon to acquire WH Ireland’s wealth management business for £1 million
LONDON: Oberon Investments Ltd, a boutique wealth management and corporate broking firm, said on Monday it has agreed to acquire the wealth management division of WH Ireland Ltd for £1 million in cash. The deal, structured as a conditional asset purchase agreement, is expected to transfer approximately £850 million in client assets under administration to…
Wilmington plc reports double-digit revenue and profit growth, announces €121.6 mln Conversia acquisition
Adjusted profit before tax from ongoing operations rose 18% to £28.4 million LONDON: Wilmington plc (LSE: WIL), a provider of data, education and compliance services in global Governance, Risk and Compliance (GRC) markets, reported an 11% rise in annual revenue to £99.5 million for the year ended June 30, 2025, driven by broad-based growth across…
Creo Medical posts 40% revenue growth, narrows losses in H1 2025
Revenue for the six months ended June 30 rose to £2.2 million from £1.6 million a year earlier LONDON: Creo Medical Group plc (AIM: CREO), a UK-based medical device company specializing in minimally invasive surgical endoscopy, reported a 40% rise in first-half revenue, driven by increased clinical adoption of its core product portfolio. Revenue for…