LONDON: NatWest Bank Group (NWB Group) on Friday reported an attributable profit of £1.85 billion for the first half of 2025, as income rose and operating costs remained stable. The group’s Common Equity Tier 1 (CET1) ratio stood at 11.3% for NWB Plc, down slightly from year-end 2024. Total income surged 8% year-over-year to £6.36…
Taylor Maritime posts wider annual loss amid vessel revaluations and softening freight market
LONDON: Taylor Maritime Limited reported a full-year loss of $78.6 million for the financial year ended 31 March 2025, widening from $53.5 million a year earlier, as weaker market sentiment and falling vessel values weighed on performance. The Hong Kong-headquartered dry bulk shipping firm said asset revaluations accounted for $113.0 million in losses, reflecting a…
Close Brothers Group to sell Winterflood Securities to Marex Group for £103.9 million in cash
LONDON: Close Brothers Group has agreed to sell its execution services and securities business, Winterflood Securities to Marex Group plc for a consideration amount of approximately £103.9 million in cash. The Transaction is aligned with the group’s strategic priorities to simplify the portfolio, enhance operational efficiency and drive sustainable growth. As previously outlined, Close Brothers is actively…
Wall Street stocks rise; S&P 500 and Nasdaq hit records as investors parse earnings
Dow Jones slips as UnitedHealth drags; Nasdaq, S&P 500 notch record highs amid tech rebound U.S. Stocks climbed in afternoon trading Thursday, with both the Nasdaq composite and S&P 500 hitting fresh record highs as investors digested corporate earnings and global monetary updates. The Nasdaq composite rose 0.3% to a session high of 21,107, setting…
Althea CEO Joshua Fegan steps down, Barry Katzman named interim leader
MELBOURNE: Althea Group Holdings Ltd. (ASX:AGH), a global leader in THC beverage production, announced the immediate resignation of CEO and Director Joshua Fegan, with transition plans now underway. Fegan, who founded Althea and led the company since its inception, is credited with advancing medicinal cannabis access in Australia and the UK. His tenure also marked…
Cromwell Property Group to exit Chatswood JV with $87 million sale
SYDNEY: Cromwell Property Group (ASX:CMW) has agreed to sell its 50% interest in a landmark office asset at 475 Victoria Avenue, Chatswood, NSW for approximately A$87 million, the company said in an ASX filing on Thursday. The disposal, structured under a conditional sale contract, is expected to reduce the group’s gearing by roughly 3% and…
Aumake full-year revenue surges 50% amid strengthening China-Australia trade
SYDNEY: Aumake Ltd. (ASX: AUK), a distributor of Australian and New Zealand consumer brands in Asia, said Thursday that unaudited full-year sales rose more than 50% to over A$39 million, as improving trade ties between China and Australia boosted demand. Chairman Anthony Noble attributed the growth to favorable geopolitical shifts and Aumake’s strategic position in…
Deutsche Bank Q2 profit beats forecasts, shares near 10-year high
Net profit stands at €1.485 billion; Bank management confirms full-year targets Deutsche Bank reported stronger-than-expected second-quarter net profit of €1.485 billion ($1.748 billion), surpassing the Reuters analyst forecast of €1.2 billion. This performance positions the bank to meet its full-year targets, according to CFO James von Moltke, despite mixed results in its core investment banking…
Capricorn Metals announces Warreiedar acquisition in strategic gold consolidation
PERTH: Capricorn Metals Ltd. said Thursday it will acquire Warriedar Resources Ltd. in an all-scrip deal, consolidating two major gold projects in Western Australia. The transaction, unanimously endorsed by Warriedar’s board, is valued at approximately A$188 million and is expected to expand Capricorn’s gold reserves and operational footprint. Under the scheme of arrangement, Warriedar shareholders…
Regis to acquire Rockpool Residential Aged Care in $135 million deal
BRISBANE: Regis Healthcare Ltd. has signed a binding agreement to acquire Rockpool RAC Holdings Pty Ltd for a net cash outlay of approximately $135 million, adding four premium aged care facilities in Queensland to its portfolio. The acquisition includes residential aged care homes in Brisbane and the Sunshine Coast, totaling 600 beds, all opened since…
Victoria PLC reports FY2025 results, targets margin recovery in FY2026
LONDON: Victoria PLC (AIM: VCP), the international flooring group, today announced audited results for the year ended 29 March 2025, with revenue and earnings broadly in line with market expectations. The company also confirmed the refinancing of its Super Senior Revolving Credit Facility (SSRCF) and 2026 Senior Secured Notes, extending maturities to 2029. FY2025 Financial…
Severfield reports FY25 loss but confirms stable outlook amid market pressures
LONDON: Severfield Plc, the UK’s leading structural steel group, posted a pretax loss of £17.5 million for the year ended 29 March 2025, reversing a profit of £23 million a year earlier, as subdued market conditions and bridge remediation costs weighed on performance. Full-year revenue dipped 3% to £450.9 million, while underlying operating profit plunged…