BLOSSBURG: Rytoriacap Inc. (“Rytoria”), a North American leader in circular metal processing and recycling, has acquired ASC Engineered Solutions’ foundry and associated facilities in Blossburg, Pennsylvania, the companies announced Thursday. The sale follows ASC’s effort to find a buyer committed to maintaining the site as an active part of Tioga County’s industrial economy. “Blossburg is…
US inflation rate rose to 2.7% in May, more than expected
Fed eyes summer trajectory as inflation cools, consumption contracts WASHINGTON: Inflation crept higher in May but showed further signs of deceleration, reinforcing expectations that the Federal Reserve may keep interest rates steady in the near term as it assesses the economy’s slowing momentum. The personal consumption expenditures price index — the Fed’s preferred inflation gauge…
UK production of new cars and commercial vehicles dropped 32.8% in May
LONDON: U.K. vehicle production fell sharply for a fifth consecutive month in May, reaching its lowest level since 1949 outside of the COVID-19 pandemic, as trade pressures and factory changes continued to disrupt the industry, new data showed Friday. The Society of Motor Manufacturers and Traders reported that production of new cars and commercial vehicles…
Super Link to acquire all assets of Multistack International
SYDNEY: Multistack International Limited (ASX: MSI) announced Friday that it plans to sell all assets and liabilities to Super Link Company Limited, marking an end to its current operations amid ongoing financial challenges. The Australian-based industrial air conditioning firm, which operates primarily through Multistack Australia Pty Ltd, has been grappling with continued losses. In a…
Technologies New Energy appoints Julio Perez as CEO
LONDON: Technologies New Energy plc (LSE: TNE), a developer of clean energy projects aimed at industrial decarbonization, has appointed Julio Perez as chief executive officer, effective June 27, 2025. Perez brings over 15 years of global investment experience, with a focus on clean and renewable energy. He succeeds José Meneses, who will remain with the…
Hercules acquires Advantage NRG to expand into UK power and energy sector
LONDON: Hercules plc (AIM: HERC), a UK-based provider of technology-driven labor solutions for the infrastructure and construction sectors, has acquired Advantage NRG Ltd in a deal valued at up to £15.7 million. The acquisition signals Hercules’ strategic entry into the power and energy sector amid a nationwide overhaul of electricity networks. The initial purchase price…
Attock Cement’s majority shareholder weighs exit amid strategic interest
KARACHI: Pharaon Investment Group Limited (PIGL), the majority shareholder of Attock Cement Pakistan Ltd. (ACPL), is exploring a potential exit from its stake in the company, drawing attention from multiple strategic investors amid a period of expansion and valuation re-rating across the cement sector. According to disclosures reaffirmed in May 2025, PIGL is evaluating various…
Duxton Farms announces merger with four agricultural companies
STIRLING: Duxton Farms Ltd (ASX: DXF) unveiled plans Thursday for a strategic merger with four private agricultural companies, a fully underwritten institutional placement, and a special dividend following the recent sale of its Kentucky property. Key Highlights: The merger accelerates Duxton Farms’ expansion into higher-yield agricultural sectors, including permanent horticulture and viticulture. The combined entity…
Civmec to acquire Luerssen Australia in $20 million deal, bolstering sovereign shipbuilding capability
PERTH: Civmec Limited has signed a binding agreement to acquire full ownership of Luerssen Australia Pty Ltd from NVL Australia GmbH for AUD 20 million in cash, in a strategic move to consolidate its position as a leading sovereign Australian shipbuilder. The acquisition, scheduled to close by July 1, 2025, will transfer all assets, employees…
Dotdigital acquires Social Snowball to expand marketing platform
LONDON: Dotdigital Group plc, a leading SaaS provider of customer experience and data platforms, announced Tuesday the acquisition of U.S.-based Social Snowball Holdings, Inc., an influencer, affiliate and referral marketing platform for e-commerce brands. The deal, worth up to $35 million, includes an initial $20 million cash payment and up to $15 million in performance-based earnouts….
Inspired Plc agrees to £183.6 million takeover offer by HGGC-backed Intrepid Bidco
LONDON: Intrepid Bidco Ltd., a newly formed entity wholly owned by funds managed or advised by U.S.-based private equity firm HGGC LLC, has launched a recommended all-cash offer to acquire Inspired PLC, a U.K.-based energy and sustainability services provider, the companies announced Thursday. Under the terms of the deal, Inspired shareholders will receive 81 pence…
Wall Street rally slows amid geopolitical truce and Fed caution
AI and crypto stocks lead market as traders weigh ceasefire stability, Fed signals Stocks treaded water Wednesday, pausing after a two-day rally that pushed major indexes to within arm’s reach of their all-time highs. While investor sentiment has warmed on easing geopolitical tensions and resilient earnings, markets remain locked in a tug-of-war between long-term tech…