Dow Jones edges down 19 points amid broader market gains, earnings focus Wall Street stocks advanced Monday, lifting key indexes to record territory, while Treasury yields softened at the start of a busy week for corporate earnings. The gains came despite escalating U.S. tariff negotiations with trading partners ahead of an August 1 deadline. All…
Apax Partners backed bidco proposes €916.5 million acquisition of Apax Global Alpha
LONDON: The boards of Janus Bidco Limited (“Bidco”) and Apax Global Alpha Limited (“AGA”) (LSE: AGA) announced Monday a recommended cash acquisition of the entire issued share capital of AGA by Bidco. The deal values the Guernsey-based investment trust at approximately €916.5 million (approximately £794.5 million). Bidco, a newly formed Guernsey company indirectly owned by…
Covivio raises outlook for 2025 after strong half-year performance
PARIS: Covivio has delivered an upbeat first-half performance for 2025, posting a +14% jump in recurring net earnings to €263.2 million and raising its full-year guidance as Europe’s property markets show clear signs of recovery. The French real estate firm cited portfolio optimization and operational momentum across all segments—offices, hotels, and German residential—as key drivers…
EssilorLuxottica to acquire PUcore’s optical division in strategic lens material expansion
PARIS: EssilorLuxottica signed a definitive agreement to acquire the South Korean company PUcore’s optical division, a move aimed at enhancing its research and production capabilities in high-index ophthalmic lens materials. The acquisition includes PUcore’s R&D unit, manufacturing facility, and sales office dedicated to developing monomers used in thinner, lighter and more sustainable ophthalmic lenses. The…
Ayvens names Philippe de Rovira as next CEO; Albertsen to retire in December
PARIS: Ayvens has tapped auto industry veteran Philippe de Rovira to succeed Tim Albertsen as Chief Executive Officer, effective December 1, the company announced Monday. The leadership transition comes as part of a planned succession move supported by the board’s Nomination Committee. De Rovira, currently COO for Asia and the Middle East/Africa at Stellantis, will…
Air Liquide launches world’s largest molybdenum plant in South Korea to support chip industry’s shift from tungsten
PARIS: Air Liquide (AIRP.PA) said it has started operations at the world’s largest molybdenum manufacturing plant in Hwaseong, Gyeonggi Province, expanding its footprint in advanced materials for semiconductors. The site will produce ultra-high purity molybdenum molecules and proprietary distribution systems for Subleem™, the company’s latest materials offering. The strategic investment positions Air Liquide as the…
Regnology Group to acquire Wolters Kluwer’s FRR unit in €450 million deal
AMSTERDAM: Wolters Kluwer Financial & Corporate Compliance (FCC) has entered into a binding agreement to sell its Finance, Risk and Regulatory Reporting (FRR) unit to Regnology Group GmbH for an enterprise value of approximately €450 million. The transaction is expected to close in the fall of 2025, pending regulatory approvals and employee consultations. The divestment…
Jangada Mines signs terms to acquire stake in Brazilian gold project
LONDON: Jangada Mines plc announced Monday it has signed non-binding heads of terms to acquire an initial 33.3% stake in MTGOLD MINERAÇÃO LTDA, owner of Brazil’s Paranaíta Gold Project, with an option to increase its interest to 50.1% and secure management rights. The Paranaíta project is located in the historically productive Alta Floresta–Juruena Gold Province…
Solara Minerals acquires strategic gold-copper project portfolio in WA
PERTH: Solara Minerals Ltd (ASX:SLA) announced Monday it has entered into a binding agreement to acquire OD4 Tom Price Pty Ltd, a private company holding seven exploration licences covering 310 square kilometers in Western Australia’s highly prospective Murchison region. The acquisition grants Solara 100% ownership of projects near prolific gold and copper-producing districts, including Sandfire…
PlaySide Studios reports lower FY25 revenue; Eyes growth amid industry shift
MELBOURNE: Australian video game developer PlaySide Studios Ltd. (ASX: PLY) reported unaudited revenue of up to A$49 million for fiscal year 2025, falling short of its A$50–54 million guidance amid internal restructuring and market headwinds. The company’s original IP revenue reached up to A$16.8 million, while work-for-hire contracts contributed as much as A$32.2 million. PlaySide…
MONY Group reports resilient H1 results amid market headwinds; SuperSaveClub surpasses 1.5 million members
LONDON: MONY Group plc delivered resilient interim results for the six months ended 30 June 2025, with CEO Peter Duffy citing strategic momentum and platform agility as key drivers amid macroeconomic pressure in select verticals. Group revenue edged up 1% year-over-year to £225.3 million, while adjusted EBITDA rose 2% to £75.1 million, supported by cost…
Metals One secures second U.S. uranium asset with Wyoming acquisition
LONDON: Metals One (AIM: MET1) said on Monday it had completed the acquisition of the Squaw Creek Claims (SQ Claims) in Carbon County, Wyoming, marking its second uranium project in the United States amid growing interest in domestic nuclear energy assets. The SQ Claims, comprising 53 unpatented mining claims spanning roughly 430 hectares in the…