LEEDS: Jet2 plc, the UK-based leisure travel group, reported strong financial results for the year ended March 31, 2025, driven by increased passenger volumes, strategic expansion, and robust demand for holiday travel. The company posted a 15% year-over-year increase in revenue to £7.17 billion, while profit before taxation rose 12% to £593.2 million. Operating profit…
Oscillate Plc enters agreement to acquire copper exploration licences in Botswana
LONDON: Oscillate PLC announced Wednesday it has signed a non-binding Heads of Terms agreement with Kalahari Copper Ltd. to acquire a suite of copper and silver exploration licences in Botswana’s Kalahari Copper Belt, marking a significant step in the company’s strategic metals expansion. The proposed acquisition, to be finalized through a share purchase agreement, would…
everplay Group acquires Hammerwatch franchise and publishing rights for two titles
LONDON: everplay Group plc, a leading global independent games developer and publisher, reported strong trading results for the first half of 2025, driven by successful new releases and continued performance from its back catalogue. The company highlighted the positive reception of its recently launched title, Date Everything!, which has delivered strong sales, high concurrent user…
Stocks mixed as investors weigh Trump’s tariff reprieve, tech shares waver
Dow Jones slips 0.4% as trade uncertainty lingers U.S. stocks closed narrowly mixed Tuesday as investors digested President Donald Trump’s decision to delay the return of sweeping tariffs while bracing for renewed trade tensions in August. The S&P 500 (GSPC) edged down less than 0.1%, while the Dow Jones Industrial Average (DJI) fell 0.4%. The Nasdaq Composite (IXIC) inched up less…
Saint-Gobain to sell prefabrication specialist Brüggemann to Germany’s Köster Group
PARIS: Saint-Gobain has entered into a definitive agreement to sell its prefabricated construction subsidiary Brüggemann to German construction firm Köster Group, the French building materials giant announced Tuesday. Brüggemann, which specializes in the production and installation of prefabricated solutions, operates a single plant in Neuenkirchen, North Rhine-Westphalia. The company employs approximately 190 people and reported…
HgCapital Trust invests £48 million in cybersecurity compliance leader A-LIGN to fuel global expansion
LONDON: HgCapital Trust plc (LSE: HGT), a London-listed private equity investment trust, has announced a £48 million investment in A-LIGN, a Tampa-based cybersecurity compliance firm, as part of a broader strategic acquisition by Hg, a leading investor in software and services businesses. The transaction, funded through the Hg Genesis Fund alongside other institutional clients, marks…
Schroder British Opportunities Trust invests in UK insurance broker JMG Group
LONDON: Schroder British Opportunities Trust plc (SBO) has announced a new private equity investment in JMG Group, one of the United Kingdom’s fastest-growing insurance brokerages. The investment is being made through Synova, a long-standing private equity partner of Schroders Capital and the majority shareholder in JMG since 2020. Founded and headquartered in the UK, JMG…
Optima Health reports strong FY25 results, eyes growth in FY26
LONDON: Optima Health Plc (AIM: OPT), a leading UK provider of technology-enabled corporate health and wellbeing solutions, reported strong preliminary unaudited results for the fiscal year ended March 31, 2025, highlighting strategic progress, international expansion, and a robust financial position. The company posted group revenue of £105 million, compared to £110.9 million in FY24, reflecting…
Celebrus Technologies reports strong FY25 growth amid strategic shifts
LONDON: Celebrus Technologies plc (AIM: CLBS), a leading data solutions provider, announced its financial results for the year ended 31 March 2025, highlighting double-digit growth in annual recurring revenue (ARR) and improved profitability despite macroeconomic challenges. The company reported a 13.9% increase in ARR to $18.8 million, driven by new customer wins and upsells. Total revenue…
Begbies Traynor reports tenth year of profitable growth with strong FY2025 results
LONDON: Begbies Traynor Group plc (AIM: BEG), a leading financial and real estate advisory firm, announced its final results for the year ended April 30, 2025, marking a decade of profitable growth and surpassing market expectations across key financial metrics. Financial Performance Operational Highlights The group reported strong performances across both its core divisions: - Business…
RBA holds rates at 3.85%, signals cautious approach amid inflation uncertainty
SYDNEY: Australia’s central bank kept its benchmark interest rate steady at 3.85% on Tuesday, resisting pressure for an immediate cut as policymakers seek more evidence that inflation is sustainably easing toward target. The Reserve Bank of Australia’s decision surprised economists, most of whom had forecast a 25-basis-point reduction following softer-than-expected inflation data in May. The RBA…
MobilityOne reports 2024 financial results amid market challenges
LONDON: MobilityOne Limited (AIM: MBO), a leading provider of e-commerce infrastructure payment solutions and platforms, announced its audited financial results for the year ended December 31, 2024, revealing a decline in revenue and an increased net loss amid softening demand in its core Malaysian market. The company reported a 4.74% drop in revenue to £230.23…