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…
SIG Plc appoints Pim Vervaat as CEO and chair designate
LONDON: SIG plc announced Tuesday the appointment of Pim Vervaat as its new Chief Executive Officer and Chair designate, effective Oct. 1, 2025. Vervaat will succeed Gavin Slark, who formally stepped down from the board and was placed on garden leave until the end of the year. The leadership transition is part of SIG’s long-term…
Nidec acquires Chinese scroll compressor manufacturer Xecom
TOKYO: Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) has acquired full ownership of Changzhou Xecom Energy Technologies Co., Ltd., a privately held Chinese manufacturer of scroll compressors, through its subsidiary Nidec Appliance Controls (Qingdao) Co., Ltd. As a result of the transaction, Xecom has been renamed Nidec Scroll Technology (Changzhou) Co., Ltd. and is now…
Brillian UK’s acquisition of Trakm8 Holdings secures court approval
LONDON: The High Court of Justice in England and Wales has sanctioned the proposed acquisition of Trakm8 Holdings plc by Brillian UK Limited, clearing the way for the deal to become effective next week. The acquisition, first announced on May 1, 2025, involves Brillian UK—a company within the Omegro portfolio and wholly owned indirectly by…
Dunelm Group appoints Clodagh Moriarty as CEO; Succeeding Nick Wilkinson
LONDON: Dunelm Group plc, the UK’s leading homewares retailer, announced Monday the appointment of Clodagh “Clo” Moriarty as its new Chief Executive Officer, effective Oct. 1, 2025. Moriarty will succeed Nick Wilkinson, who previously informed the board of his intention to retire after seven years at the helm. Wilkinson will remain in his role through…
South32 agrees to sell Cerro Matoso to CoreX in nickel market restructuring
SYDNEY: South32 Limited (ASX/LSE/JSE: S32; ADR: SOUHY) has signed a binding agreement to sell its Cerro Matoso nickel operation to a subsidiary of CoreX Holding B.V., marking a strategic shift amid structural changes in the nickel market. Under the deal, CoreX will assume economic and operational control of Cerro Matoso, including all current and future…