PERTH: Stealth Group Holdings Ltd. (ASX: SGI) has secured approximately A$6.0 million in pre-sales for mobile accessories ahead of Apple Inc.’s iPhone 17 launch, a 50% surge compared to the same period last year. The Australian multi-sector distribution company announced Monday that the pre-orders, backed by firm purchase commitments, will be recognized as revenue across…
Velociti powers 70% IRR for Literacy Capital in premium exit deal
LONDON: Literacy Capital plc has completed a significant transaction involving its portfolio company Velociti Solutions, selling its stake and re-investing alongside CBPE at a 52 percent premium to the most recently stated carrying value. Velociti, a software provider to the UK and international bus and rail sectors, was originally acquired as EPM Solutions in February…
FirstGroup has acquired Tetley’s Coaches
LONDON: FirstGroup plc has acquired Tetley’s Motor Services Limited (`Tetley’s Coaches’), a Leeds-based coach and bus operator that has been in operation for over 75 years. Tetley’s Coaches operates from a large depot which it owns in Central Leeds, adjacent to the Group’s existing First Bus Hunslet Park depot. It has a fleet of 55…
GSK, China’s Hengrui Pharma ink $500m deal to co-develop 12 innovative medicines
LONDON: GSK plc announced Monday that it has entered into agreements with China-based Hengrui Pharma to co-develop up to 12 innovative medicines spanning respiratory, immunology, inflammation and oncology indications, marking a major expansion of the British pharmaceutical giant’s pipeline beyond 2031. The collaboration includes an exclusive license for HRS-9821, a potential best-in-class PDE3/4 inhibitor in…
Ocean Wilsons and Hansa Investment Company finalize £900 million all-share combination deal
LONDON: Ocean Wilsons Holdings Limited and Hansa Investment Company Limited have formally agreed to an all-share merger that will see Hansa acquire the entire issued and to-be-issued share capital of Ocean Wilsons through a court-sanctioned scheme under Section 99 of the Bermuda Companies Act. The transaction marks a significant moment in both firms’ histories and…
IMDEX acquires Earth Science Analytics to expand digital orebody intelligence
SYDNEY: IMDEX Ltd. (ASX: IMD) has acquired Norway-based Earth Science Analytics AS (ESA), the mining tech firm said Monday, in a deal aimed at accelerating its digital strategy and expanding its AI-powered geoscience capabilities across mineral and energy sectors. IMDEX will pay A$26 million for an 80.5% equity stake in ESA, with the remaining shares…
Almirall reports 12.7% revenue growth in H1 2025, driven by dermatology portfolio
BARCELONA: Almirall, S.A. (ALM), a global biopharmaceutical company specializing in medical dermatology, reported a 12.7% increase in net sales for the first half of 2025, reaching €560.5 million, up from €497.2 million in the same period last year. EBITDA rose 16.6% to €121.8 million, bolstered by robust revenue and a gross profit margin of 65.5%….
Carter’s Inc sees sales momentum but profit declines amid tariff headwinds, leadership transition
ATLANTA: Carter’s Inc. (NYSE: CRI), North America’s leading apparel company for babies and young children, reported its second-quarter fiscal 2025 results, signaling modest sales growth and strategic investments aimed at long-term recovery, despite a significant dip in profitability and lingering tariff pressures. Net sales rose 3.7% to $585.3 million from $564.4 million a year earlier,…
GrafTech reports highest quarterly sales volume since 2022, projects continued growth
BROOKLYN HEIGHTS: GrafTech International Ltd. (NYSE: EAF) reported its highest quarterly sales volume in nearly three years, reflecting strong execution of its strategic initiatives and resilience amid industry challenges. The graphite electrode manufacturer posted a 12% year-over-year sales volume increase in Q2 2025, its strongest since Q3 2022. U.S. sales volume surged 38% compared to…
Booz Allen kicks off fiscal 2026 with record backlog, steady profit growth
MCLEAN: Booz Allen Hamilton Holding Corporation (NYSE: BAH) opened its fiscal 2026 with resilient earnings and a historic backlog, underscoring strong demand across its defense and intelligence segments despite a slight revenue dip. Booz Allen is an advanced technology company delivering outcomes with speed for America’s most critical defense, civil, and national security priorities. The…
Gorman-Rupp reports record Q2 sales and earnings on strong order growth
MANSFIELD: The Gorman-Rupp Company (NYSE: GRC) announced record financial results for the second quarter ended June 30, 2025, driven by increased sales across most markets and significant growth in incoming orders. The pump manufacturer reported second-quarter net sales of $179.0 million, a 5.6 percent increase, or $9.5 million, compared to $169.5 million in the same…
Sensient Technologies reports strong Q2 growth across segments
MILWAUKEE: Sensient Technologies Corporation (NYSE: SXT), a global supplier of flavors and colors for food, pharmaceutical, and personal care industries, on Friday reported second-quarter earnings that beat expectations, driven by solid growth in the Color and Asia Pacific segments. Revenue rose 2.7% to $414.2 million, compared to $403.5 million in the same period last year….