LONDON: DCC plc said Monday it has reached a definitive agreement to sell its UK and Ireland Info Tech business to AURELIUS, a global private equity investor, in a deal valuing the unit at approximately £100 million. The transaction, which is expected to close in the fourth quarter pending regulatory approvals, reflects a cash-free, debt-free…
ECO Animal Health reports robust FY2025 results amid global expansion
LONDON: ECO Animal Health Group plc (AIM: EAH), a fast-growing global animal health company, posted resilient financial results for the year ended 31 March 2025, underscoring the success of its regional growth strategy, disciplined cost control, and continued advancement of its proprietary R&D pipeline. Group sales reached £79.6 million, down from £89.4 million a year…
Satsuma Technology names Henry Elder CEO, Boosts bitcoin treasury holdings
LONDON: Tao Alpha PLC, soon to be renamed Satsuma Technology Plc, announced Monday that Henry Elder will assume the role of Chief Executive Officer and join the board as an executive director, pending final due diligence checks. Elder, formerly a Principal at UTXO Management, brings deep expertise in institutional Bitcoin strategy, having advised and invested…
Stocks slide after tariff escalation; Weekly losses across major indexes
Dow Jones ends down 0.6% on Trump’s Canada tariff, broader trade threats loom U.S. stocks declined Friday, giving back gains from the previous session after President Donald Trump escalated trade tensions with sweeping new tariff threats. The losses followed a record-setting day for the S&P 500 and came as investors digested concerns about international trade…
Rising Phoenix Capital expands Midland Basin holdings with strategic mineral acquisition
MIDLAND: Rising Phoenix Capital, a boutique investment firm specializing in oil and gas mineral royalty acquisitions, said Friday it has acquired mineral rights in Texas’ Midland Basin through its Maroon Bells Fund. The assets, located in Ector and Midland Counties and operated by ConocoPhillips, include producing wells and permitted sites for near-term development. The firm…
1st Summit Bancorp reports 50.8% surge in quarterly profit, reaches multi-year highs
1st Summit Bancorp of Johnstown reports a 50.8% jump in second-quarter earnings for 2025, driven by stronger asset yields, strategic funding optimization, and disciplined cost control.
Susan Davy to step down as CEO of Pennon Group after nearly two decades of service
LONDON: Pennon Group (LSE:PNN) announced Friday that Chief Executive Officer Susan Davy will retire from her position and the board after more than 18 years with the company and nearly three decades in the water sector. Davy has served as CEO since July 31, 2020, following her tenure as Chief Financial Officer beginning in 2015….
RealSense spins out from Intel, raises $50 million Series A funding to advance AI-powered robotics
RealSense spins out from Intel and secures $50 million in Series A funding to advance AI-powered robotics, biometrics, and computer vision technologies.
MTY Food Group Q2 profit jumps, Canadian sales offset U.S. headwinds
MTY Food Group reported a sharp rise in Q2 2025 net income to C$57.3M, supported by strong Canadian sales and strategic initiatives to offset U.S. softness. Adjusted EBITDA fell 5%.
Aker Solutions posts solid Q2; Reaffirms full-year outlook as order backlog climbs
OSLO: Norwegian engineering company Aker Solutions reported a strong second quarter performance on Thursday, backed by high project activity and continued momentum in its core markets. Second-quarter revenue rose to NOK 15.2 billion ($1.43 billion), up from NOK 12.8 billion in the same period last year, as the company executed key milestones including installation of…
DNB Boligkreditt reports strong Q2 profit on higher lending spreads
OSLO: DNB Boligkreditt AS, the covered bond subsidiary of DNB Bank ASA, posted a second-quarter profit of NOK 918 million, a substantial rise from NOK 592 million in the same period last year, driven by stronger net interest income and expanded lending volumes. Total income for the quarter reached NOK 1.49 billion, up from NOK…
DNB posts NOK 10.4 billion profit in Q2 despite global uncertainty
OSLO: DNB Bank ASA reported a second-quarter post-tax profit of NOK 10.4 billion ($980 million), down 3% from NOK 10.8 billion a year earlier, as strong growth across customer segments offset the impact of increased operating expenses and macroeconomic uncertainty. Pre-tax operating profit before impairment stood at NOK 13.8 billion, slightly below NOK 14.1 billion…