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…
Biophytis SA narrows losses but warns of cash shortfall beyond September 2025
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…