LONDON: CPP Group Plc (CPP.L) said on Tuesday it was reorganising its leadership and implementing significant cost reductions, including the closure of its Leeds office, to align its structure with its refocused business strategy. The announcement, made ahead of interim results due on Sept. 29, follows the completion of a change programme and the recent…
OCI Global swings to net profit on methanol sale, plans European unit divestment
Company made a net profit attributable to shareholders of $343 million in H1 2025, compared to a loss a year earlier AMSTERDAM: Fertilizer maker OCI Global reported a net profit for the first half of 2025, driven by a major asset sale, but its core European nitrogen business faced pressure from rising gas prices and plant…
Chariot Limited reports interim results, outlines strategic split into upstream and renewable units
LONDON: Africa-focused energy company Chariot (AIM: CHAR) on Thursday reported its unaudited interim results for the six months ended June 30, 2025, unveiling a strategic pivot to split its operations into two standalone business units: Upstream Oil & Gas and Renewable Power. CEO Adonis Pouroulis said the company had “emerged from a challenging period” with…
Centaur Media agrees for the sale of Marketing Week and Creative Review
LONDON: Centaur Media Plc has signed an unconditional sale and purchase agreement with Haymarket Media Group Limited for the sale of MWCR Limited, being the operating company of Marketing Week, Festival of Marketing and Creative Review, for an enterprise value of £3.9 million. Martin Rowland, Executive Chair of Centaur, commented: “Today’s announcement represents further progress…
TasFoods signs $2 million deal to sell Pyengana Dairy to AgFood-linked group
LAUNCESTON: TasFoods Ltd (ASX:TFL) said on Thursday it has signed a business sale agreement to divest its Pyengana Dairy unit to Research Corporation Pty Ltd and its associates, including the MSC ATF AgFood Opportunities Fund, in a deal valued at up to A$2 million. The transaction includes A$1.7 million in cash and up to A$300,000…
Computershare sells UK Mortgage Services unit to Pepper Advantage
MELBOURNE: Australia’s Computershare Limited (CPU.AX) said on Thursday it has agreed to sell its UK Mortgage Services business to credit management firm Pepper Advantage, as part of a strategy to simplify its operations and improve earnings quality. The share registry giant expects the transaction to close in the third quarter of its 2026 fiscal year, pending…
Lithium Energy consolidates Queensland Graphite Projects in $2 million deal
SYDNEY: Australian miner Lithium Energy Ltd (ASX:LEL) said on Thursday it has acquired the Mt Dromedary graphite project in Queensland for $2 million, consolidating a major high-grade resource as it studies building a battery anode material (BAM) plant. The acquisition from battery technology company NOVONIX Ltd (ASX:NVX) gives Lithium Energy 100% ownership of three adjacent projects…
Pacific Current Group sells Victory Park Capital stake to CNO Financial
MELBOURNE: Australia’s Pacific Current Group (PAC.AX) said on Thursday it has agreed to sell a portion of its stake in U.S.-based asset manager Victory Park Capital (VPC) to insurer CNO Financial Group (CNO.N) for $5.5 million. The deal involves the sale of 18% of PAC’s remaining 11.2% equity interest in VPC’s management company and a…
BNP Associates acquires Studdiford Technical Solutions to expand aviation design capabilities
FAIRFIELD: BNP Associates, Inc., a leading air transportation and logistics engineering firm backed by Godspeed Capital Management LP, announced on Thursday the acquisition of Studdiford Technical Solutions, LLC, a specialized consulting firm focused on airport systems and transportation security. The acquisition enhances BNP’s terminal design portfolio and adds advanced technology capabilities to its global aviation…
ECT to acquire Rice University’s PFAS destruction technology in strategic shift
MELBOURNE: Environmental Clean Technologies Limited (ECT.AX) said on Thursday it has agreed to acquire a company holding the exclusive rights to a groundbreaking technology from Rice University that destroys hazardous “forever chemicals” in soil. The Australian firm will buy Terrajoule Pty Ltd, which holds an option to license Rice University’s flash joule heating (FJH) technology, designed…
EnQuest reports H1 loss amid UK windfall tax; Expands Southeast Asia footprint
Revenue declined 6% to $549.1 million, while cost of sales rose 10% LONDON: EnQuest PLC reported a statutory net loss of $173.5 million for the first half of 2025, citing a $123.9 million non-cash adjustment linked to the UK’s extended Energy Profits Levy. The oil and gas group maintained production guidance despite infrastructure outages and…
Time Finance posts double-digit profit growth, record lending book in FY25
Revenue rose 12% to £37.1 million, while diluted earnings per share climbed 31% to 6.3 pence LONDON: Time Finance plc (AIM:TIME), the independent specialist finance provider, reported a 34% rise in full-year profit before tax to £7.9 million for the year ended May 31, 2025, driven by strong growth in secured lending and disciplined credit…