LONDON: CPP Group (AIM: CPP) has agreed to sell its India-based subsidiary, CPP Assistance Services Private Ltd, for US$21 million (approx. £15.7 million), marking a key milestone in the Group’s transformation into a pure-play InsurTech business. The buyers, OneAssist Consumer Solutions and Bolttech Device Protection India, will acquire 100% of the company in a transaction…
Software Circle reports solid FY25 growth amid AI expansion
LONDON: Software Circle plc (AIM: SFT) on Wednesday reported preliminary results for the year ended March 31, 2025, with strong revenue growth and improved adjusted EBITDA, bolstered by acquisitions and expanding use of artificial intelligence across its operations. The Group posted full-year revenue of £18.3 million, up from £16.2 million in FY24, while adjusted EBITDA…
Informa powers ahead: 20%+ earnings surge triggers upgraded guidance and £150m buyback boost
LONDON: Global B2B events and academic information giant Informa PLC (LSE: INF.L) delivered a robust set of half-year results for 2025, showcasing significant growth across key financial metrics and prompting an upgrade to its full-year outlook. The company also committed to a further £150 million in share buybacks, underscoring confidence in its trajectory. Strong Core…
CyanConnode sees dip in annual revenue, triples order book amid India expansion
LONDON: CyanConnode Holdings plc (AIM: CYAN), a UK-based provider of narrowband RF mesh networks, reported a 24% decline in full-year revenue, citing delayed deployment momentum in its largest market, India. Revenue fell to £14.2 million for the year ended March 31, 2025, from £18.7 million in FY24, primarily due to election-related business uncertainty and consumer…
Heathrow welcomes record 39.9 million passengers in H1 2025 amid strong demand for Asia and Middle East routes
LONDON: Heathrow (SP) Limited recorded its busiest-ever first-half period in 2025, welcoming 39.9 million passengers despite geopolitical tensions and economic headwinds, the airport operator said Wednesday. The uptick was driven by increased long-haul travel, particularly to Asia-Pacific and Middle Eastern destinations, while transatlantic traffic remained robust. The UK’s largest airport reported a 1.9% rise in…
TotalEnergies, CMA CGM to launch LNG bunkering venture at Rotterdam Port
ROTTERDAM: TotalEnergies (Paris:TTE) and CMA CGM Group have signed a joint venture agreement to establish an LNG bunkering logistics platform at the Port of Rotterdam, marking a strategic expansion in Europe’s maritime energy transition. The 50-50 partnership between the French energy major and global shipping and logistics provider will deliver liquefied natural gas (LNG) bunkering…
Wall Street edges to new record amid mixed earnings and tariff talk
Dow Jones rises 179 points to extend winning streak as healthcare stocks lift sentiment amid tech weakness U.S. stocks inched to fresh highs Tuesday, as investors digested mixed corporate earnings and updates on trade policies. While the S&P 500 marked its 11th record close of the year, declines in key tech names weighed on broader…
Google teases Pixel 10 Pro ahead of August launch; Confirms device lineup and key features
Google has officially kicked off its teaser campaign for the Pixel 10 Pro, confirming the device’s name and launch date ahead of its August 20 unveiling. The campaign, now live on the Google Store, showcases the upcoming flagship in a muted Moonstone colorway and hints at an exclusive offer for new subscribers. According to reports,…
Lockheed Martin profit plunges 80% on $1.6 billion program loss; Cuts 2025 outlook
Lockheed Martin Corp. (NYSE: LMT) reported an 80% drop in second-quarter profit on Tuesday, citing a $1.6 billion pretax charge tied to a classified Aeronautics program and international helicopter contracts. The defense giant also slashed its full-year operating profit forecast by $1.5 billion, or 18%, to $6.65 billion, sending shares down more than 8%2. According…
Inszone Insurance acquires McFarland Commercial Insurance to expand California footprint
REDDING: Inszone Insurance Services, a fast-growing national provider of commercial, personal, and benefits insurance, has acquired McFarland Commercial Insurance Services Inc., a Redding-based agency known for its specialized focus on contractor and property referral coverage. Founded in 2002 and owned since 2006 by Dave McFarland, the agency built a strong reputation across California for its…
DFI Retail Group announces special dividend, 39% profit jump
LONDON: DFI Retail Group Holdings Limited reported a 39% increase in underlying profit for the first half of 2025 on Tuesday and announced its first special dividend in 18 years, signaling confidence in its strategic overhaul. The pan-Asian retailer said underlying profit attributable to shareholders rose to $105 million for the six months ended June…
The Works delivers profit surge in FY25 amid strategic overhaul
LONDON: TheWorks.co.uk plc, a U.K. retailer specializing in affordable, screen-free activities, posted stronger earnings and rising profit margins for the fiscal year ended May 4, 2025, aided by the successful rollout of its new strategic plan. Total revenue declined 2% to £277 million, impacted by the prior year’s additional trading week, but the company’s store-led…