SACRAMENTO: Inszone Insurance Services, a national provider of commercial, personal and benefits insurance, has acquired Snell-Nelson Insurance Agency, Inc., expanding its footprint in Kansas and Oklahoma. Founded in Ashland, Kan., in 1985 by Monica Meininger, Snell-Nelson Insurance built its reputation on serving clients in farm and ranch, oil and gas, and personal insurance lines. The…
Axis Bank Q1 net profit drops 18% on higher provisions
LONDON: Axis Bank Ltd. on Thursday reported an 18% year-over-year decline in its consolidated net profit for the fiscal first quarter, as increased provisions offset gains from robust income growth. The private-sector lender posted a net profit of ₹6,243.7 crore ($748 million) for the quarter ended June 30, down from ₹7,475.1 crore a year earlier….
Ajax Resources acquires historic gold-copper project in Argentina
LONDON: Natural resources investment firm Ajax Resources has completed the acquisition of a major gold and copper asset in Argentina, marking a transformative step in its evolution from a listed cash shell to an active exploration company. The company signed a definitive agreement on May 21 to acquire Puna Metals S.A., the wholly owned Argentine…
AECI exits U.S. toll manufacturing as Schirm assets sold to management-led Chem-Toll
JOHANNESBURG: AECI Ltd. has announced the sale of substantially all assets and certain liabilities of its U.S.-based subsidiary Schirm U.S.A., Inc. to Liberation Chem-Toll LLC, a newly formed Texas company backed by Schirm USA’s senior management. The transaction marks a strategic move by AECI to streamline its operations and focus on its core mining and…
TSMC earnings surge 61% as AI chip demand fuels record quarter
TAIPEI: Taiwan Semiconductor Manufacturing Co. (TSMC) on Thursday reported a 61% surge in second-quarter profit, setting a quarterly record as strong demand for artificial intelligence chips continued to drive sales. The world’s largest contract chipmaker posted net income of NT$398.27 billion ($12.7 billion) for the June quarter, surpassing LSEG SmartEstimate forecasts of NT$377.86 billion. Revenue…
NEP Group appoints Waleed Isaac as President for Middle East and Asia
DUBAI: NEP Group, a global media services provider for live sports and entertainment, announced Thursday that Waleed Isaac will join the company as President of its Middle East and Asia operations, effective Aug. 1. Isaac, a seasoned executive with more than 30 years of experience across energy, infrastructure, and event production industries, will oversee NEP…
James Cropper FY25 profit rises despite revenue dip; CEO unveils growth strategy
LONDON: British advanced materials and packaging group James Cropper Plc (AIM: CRPR) reported a higher annual adjusted profit before tax on Thursday, supported by cost discipline and a strategic shift under new CEO David Stirling. For the year ended March 29, 2025, adjusted profit before tax rose 77% to £1.3 million, driven by lower depreciation…
Conrad signs domestic gas sales deal with Indonesia’s PLN EPI
SINGAPORE: Conrad Asia Energy (ASX:CRD) has signed a binding Gas Sales Agreement (GSA) with PT PLN Energi Primer Indonesia (PLN EPI) for the full output from its Mako Gas Field in Indonesia, marking a key milestone in the company’s regional expansion strategy. The agreement, signed on July 16, 2025, covers 392 trillion British thermal units…
CAR Group CEO steps down after 9 years; CFO Elliott Named successor amid strong FY25 results
MELBOURNE: CAR Group Limited (ASX:CAR) announced Thursday that CEO Cameron McIntyre will step down on Aug. 15 after nine years leading the automotive marketplace giant, with Chief Financial Officer William Elliott named as his successor. The transition coincides with preliminary estimates showing double-digit growth in the company’s fiscal 2025 Results. McIntyre, who spent 18 years…
Visionflex Q4 revenue surges 148%, signs key healthcare contracts
SYDNEY: Visionflex Group Ltd (ASX:VFX), an Australian virtual healthcare technology provider, on Thursday reported a 148% quarter-on-quarter revenue jump to A$2.0 million for the fourth quarter ended June 30, driven by growth in recurring software revenue and several new government and corporate contracts. The company posted operating cash inflow of A$0.3 million, reversing a cash…
Australia’s Mirrabooka investments profit slips; Raises $85 million to target mid-cap opportunities
SYDNEY: Mirrabooka Investments Ltd (ASX:MIR) reported a full-year profit of A$7.9 million for the year ended June 30, down from A$10.7 million a year earlier, as its portfolio underperformed broader market indices amid volatile conditions. The listed investment company, which specialises in small and mid-sized companies across Australia and New Zealand, posted a total portfolio…
Frasers Group reports record profit despite revenue dip, highlights margin gains and expansion
LONDON: Frasers Group plc (FRAS.L) announced increased full-year profitability for fiscal 2025 on Wednesday, driven by significant margin improvement and cost savings, even as group revenue declined. The British retail conglomerate, owner of Sports Direct and Flannels, also outlined ambitious international expansion plans. For the 52 weeks ended April 27, 2025 (FY25), Frasers Group reported:…