LONDON: Amazon said Tuesday it will close all 19 of its Fresh supermarkets in the United Kingdom, marking a strategic retreat from its physical grocery footprint in the region. The company announced the move in a blog post, citing “a thorough evaluation of business operations and the very substantial growth opportunities in online delivery.” Five…
Transense Technologies posts 33% revenue growth, driven by SAWsense and Translogik expansion
LONDON: Transense Technologies plc (AIM: TRT), a UK-based provider of specialist sensor systems, reported a 33% rise in annual revenue to £5.55 million for the year ended June 30, 2025, as both its SAWsense and Translogik divisions delivered strong growth. Profit before tax rose 12% to £1.41 million, supported by strategic investments in engineering, manufacturing,…
Pantheon Infrastructure commits £30 million to US energy and data centre leader Intersect Power
LONDON: Pantheon Infrastructure PLC, the listed global infrastructure fund, has committed to invest approximately £30 million in energy and data centre developer Intersect Power, through a vehicle managed by Climate Adaptive Infrastructure, a US-based infrastructure investor that has raised and managed over $1.3bn in assets. Intersect, headquartered in California, develops and operates utility-scale and industrial power infrastructure to…
Henry Boot sells construction arm to management-led PWS for £4 million
LONDON: British property and construction group Henry Boot (BOOT.L) said on Tuesday it has agreed to sell its construction division, Henry Boot Construction (HBC), to PWS Construction Limited, a newly formed entity led by HBC’s management team, for an initial consideration of £4.0 million. The deal, funded via a vendor loan note issued by Henry…
Biogen acquires Alcyone Therapeutics for $85 million
LONDON: RTW Biotech Opportunities Ltd, the London Stock Exchange-listed investment company focused on identifying transformative assets with high growth potential across the life sciences sector, announced that Biogen Inc. has entered into a definitive agreement to acquire private portfolio company Alcyone Therapeutics, Inc. (“Alcyone”). Biogen will acquire Alcyone for an upfront cash payment of $85 million plus…
Begbies Traynor Group appoints Mark Fry as Group Chief Executive Officer
LONDON: Begbies Traynor Group plc, the financial and real estate advisory firm, announced that Mark Fry, currently an executive director and head of restructuring and advisory services, has with immediate effect been appointed as Group Chief Executive Officer (CEO), a newly created role on the Group board. The Group has grown significantly over the last…
Serco appoints Michael LaRouche as CEO of North American division
LONDON: Serco, the international provider of critical services to governments announced the appointment of Michael LaRouche as Chief Executive Officer (CEO) of Serco’s North American division effective 1 October 2025. With over 30 years of business and engineering leadership across defence and adjacent sectors for both US and international customers, Michael brings deep expertise to…
Gold trading: The allure, the agony, and the lessons traders are learning
Gold—often hailed as the ultimate safe haven—has become a battlefield for retail traders trying to tame its wild swings. For many, the XAU/USD pair is less a predictable asset and more a psychological thriller. One trader summed it up with brutal honesty: “I’ve been trading gold for almost two years. It never respects zones. Always…
HEINEKEN to acquire FIFCO beverage and retail business in $3.2 billion deal
AMSTERDAM: HEINEKEN N.V. said Monday it has signed a binding agreement to acquire the beverage portfolio and proximity retail business of Costa Rica-based Florida Ice and Farm Company S.A. (FIFCO), expanding its footprint across Central America in a deal valued at approximately $3.2 billion. The transaction builds on a partnership dating back to 1986 and…
Bittium acquires minority stake in MarshallAI to advance embedded AI for defense sector
HELSINKI: Finnish technology firm Bittium said on Tuesday it has acquired a 24.9% stake in artificial intelligence company MarshallAI (Kradient Intelligence Oy) through a directed share issue, aiming to bolster its software-driven AI capabilities across defense, medical, and engineering segments. The strategic investment aligns with Bittium’s long-term roadmap to develop embedded AI solutions, particularly for…
Saudi Arabia’s MODON launches region’s first multi-story factory in Dammam
DAMMAM: The Saudi Authority for Industrial Cities and Technology Zones, known as MODON, has launched a landmark project in Dammam’s First Industrial City: the Multi-Story Factory, the first of its kind in the Arabian Gulf region. The eight-story facility spans more than 7,500 square meters and houses 78 industrial units ranging from 156 to 251…
UAE’s Arada enters UK housing market with majority stake in London developer Regal
Dubai: UAE-based property developer Arada has announced its entry into the UK housing market through the acquisition of a 75% stake in Regal, a leading London-based residential-led mixed-use developer. The deal marks Arada’s second international expansion following its move into Australia in 2024, and aligns with its strategy to diversify geographically. The company, which launched…