PARIS: Clinical-stage biotech Biophytis SA (Euronext Growth: ALBPS) reported significantly reduced losses for 2024 and outlined ambitious clinical plans for obesity and sarcopenia treatments, while flagging a critical funding gap threatening its operations beyond Q3 2025. The company’s net loss shrank to €10.4 million in 2024, down sharply from €17.0 million in 2023, driven by…
Polar Capital Technology Trust posts modest NAV growth amid volatile fiscal year
LONDON: Polar Capital Technology Trust PLC (PCT.L) reported a 3.1% rise in net asset value (NAV) per share to 325.20 pence for the financial year ending April 30, 2025, up from 315.41 pence a year earlier. The trust’s total net assets reached £3.80 billion, reflecting resilience despite geopolitical turbulence and sharp market swings driven by…
Pacific Equity Partners to acquire Johns Lyng Group in $1.1 billion takeover
MELBOURNE: Building services firm Johns Lyng Group Limited (ASX: JLG) announced Friday it has entered into a binding agreement to be acquired by funds managed by Pacific Equity Partners (PEP) in a deal valuing JLG’s equity at approximately $1.1 billion. Under the Scheme Implementation Deed, Sherwood BidCo Pty Ltd — a PEP-controlled entity — will…
Boyd Gaming to sell FanDuel stake to Flutter for $1.76 billion
Boyd Gaming Corp. will sell its 5% equity stake in FanDuel Group to Flutter Entertainment in a deal valued at approximately $1.76 billion, the companies announced Thursday. The transaction, expected to close in the third quarter of 2025, would give Flutter full ownership of FanDuel, a U.S. sports betting giant, at an implied valuation of…
Metir narrows CY24 loss to £1.81 million amid strategic overhaul
LONDON: Metir plc (AIM: MET), a global provider of mobile and point-of-use water and environmental testing technologies, reported a 53% year-over-year decline in revenue to £0.23 million for the year ended December 31, 2024, as the company implemented a transformative reset that included restructuring, product integration, and acquisition activity. Operating loss narrowed to £1.81 million…
Stocks rally to fresh highs as Nvidia tops $4T, Bitcoin breaks records
Dow Jones climbs 0.6% in Wall Street rally and Bitcoin smashes past $113K U.S. stocks climbed to fresh record highs Thursday, boosted by gains in Nvidia and a new peak for Bitcoin, as investors shrugged off escalating trade rhetoric from President Donald Trump. The Dow Jones Industrial Average rose 0.6%, while the S&P 500 added…
Airalo secures $220 million investment, becomes first eSIM unicorn
Airalo, the world’s largest travel eSIM provider, has announced a $220 million investment led by global private equity giant CVC, pushing its valuation past $1 billion and earning unicorn status. With this funding round—including $185 million from CVC Asia Fund VI and support from Peak XV and Antler Elevate—Airalo is charging ahead with major upgrades…
Simply Good Foods reports Q3 results, updates FY25 outlook following OWYN integration
DENVER: The Simply Good Foods Company (Nasdaq: SMPL) on Thursday reported a 13.8% year-over-year increase in net sales for its fiscal third quarter, driven by strong contributions from its OWYN acquisition and continued momentum for Quest-branded products. The company also narrowed its full-year financial outlook following a solid year-to-date performance. For the thirteen weeks ended…
Ulta Beauty acquires luxury retailer Space NK
LONDON: Ulta Beauty, the U.S. cosmetics giant with nearly 1,500 stores nationwide, has acquired high-end retailer Space NK from longtime owner Manzanita Capital. The deal, which is expected to exceed £300 million, marks a major strategic expansion for Ulta as it registers an acquisition vehicle with Companies House. While the precise financial terms remain undisclosed,…
Alpaca to acquire WealthKernel in move to expand global brokerage infrastructure
LONDON: Alpaca, a self-clearing broker-dealer and brokerage infrastructure API, announced Thursday its planned acquisition of WealthKernel, a U.K.-based wealthtech firm specializing in digital investment infrastructure and tax-advantaged products. The deal will expand Alpaca’s global reach by integrating WealthKernel’s U.K. and EU-regulated brokerage services. The acquisition enables Alpaca to offer licensed brokerage services in Europe, supporting its…
Z2Data acquires AMSYS to expand supply chain risk intelligence across Europe
Z2Data, a leading provider of supply chain risk management (SCRM) solutions, announced Thursday its acquisition of AMSYS, a German-based firm with a Romanian subsidiary, known for its expertise in life cycle management, obsolescence mitigation and compliance automation. The move advances Z2Data’s mission to deliver an integrated platform that helps organizations reduce risk across product development,…
FBR Solutions acquires RTS Associates to broaden telecommunications footprint
FBR Solutions, a leading provider of telecommunications infrastructure services, has acquired RTS Associates in a strategic move aimed at expanding its national capabilities in telecommunications design, engineering, and turnkey network deployment. Founded in 1998, RTS Associates has built a reputation for delivering high-performance network solutions to major telecommunications operators, municipalities, EMCs, CATV, and wireless carriers…