SYDNEY: Jayride Group Limited (ASX: JAY), a global ground transportation technology company, announced the launch of a new B2B Software-as-a-Service (SaaS) platform designed to streamline operations for transport providers. The platform aims to address key industry challenges, including delayed payments, manual processes and fragmented systems. The SaaS offering, branded as “Powered by Jayride,” integrates payment…
Norcros to close Johnson Tiles South Africa
WILMSLOW: Norcros, the U.K. and Ireland’s leading bathroom products company, announced Tuesday that it will cease manufacturing at Johnson Tiles South Africa (JTSA) by the end of the month, following a strategic review of the business. JTSA, part of Norcros’ South African subsidiary Norcros South Africa (Pty) Ltd, will wind down operations after production stops,…
Plus500 secures a new regulatory licence in Canada
LONDON: Plus500, a global multi‐asset fintech group operating proprietary technology-based trading platforms, has obtained a licence from the Canadian Investment Regulatory Organization (“CIRO”) in the significant and high-growth Canadian market. This achievement marks an important milestone in Plus500’s ongoing strategic efforts to further expand into North America, with the extension of its services into the…
Panther Metals launches bitcoin treasury to finance Pick Lake acquisition in Canada
LONDON: Panther Metals Plc (LSE: PALM) has unveiled a novel financing strategy that blends digital assets with traditional hard commodities, following the successful establishment of a Bitcoin Treasury account and its intention to fund the acquisition of the Pick Lake deposit in Ontario, Canada. The exploration company, focused on critical mineral projects in Canada, confirmed…
European Assets Trust and European Smaller Companies Trust agree to combine
LONDON: European Assets Trust PLC (“EAT”) and The European Smaller Companies Trust PLC (“ESCT”) have agreed to combine in a deal expected to create one of Europe’s largest small-cap investment trusts, with net assets of approximately £780 million. The transaction, structured as a scheme of reconstruction under the U.K. Insolvency Act 1986, will allow EAT…
PHP outbids KKR-led consortium with £1.79 billion deal for healthcare rival Assura
LONDON: Primary Health Properties PLC (“PHP”) and Assura plc (“Assura”) announced Monday a recommended increased takeover offer for Assura, proposing a combination of cash and shares. The deal, structured under Part 28 of the U.K.’s Companies Act 2006, values Assura at approximately £1.79 billion ($2.27 billion). Under the revised terms, Assura shareholders would receive 0.3865 new…
Advent International to acquire Spectris Plc in £3.8 billion deal
LONDON: Spectris plc, a leading precision measurement company, has agreed to a recommended cash acquisition by MI Metron UK Bidco Ltd, an indirect subsidiary of funds managed by Advent International, the firms announced Monday. The deal, valued at approximately £3.8 billion ($4.8 billion), will see Spectris shareholders receive £37.63 per share, comprising £37.35 in cash…
Dow Jones edges higher as Iran tensions cool; Fed rate cut hopes linger
Fed Rate Cut Speculation and Iran Diplomacy to Dictate Dow Jones Momentum Next Week The Dow Jones Industrial Average (DJI) inched upward Friday, gaining 0.1% as easing Middle East tensions and renewed hopes for Federal Reserve rate cuts provided cautious relief to investors. The blue-chip index narrowly avoided a weekly loss, closing the holiday-shortened week up less than…
Al Borg Scan acquires Cairo Ray for radiotherapy in EGP 400 million deal
LONDON: Integrated Diagnostics Holdings (IDH), a leading provider of diagnostic services in the Middle East and Africa, announced Thursday that its Egyptian subsidiary, Al Borg Scan, has acquired CAIRO RAY for Radiotherapy in a strategic EGP 400 million deal. The acquisition of the East Cairo-based facility marks a key step in IDH’s expansion into radiology…
New World Resources agrees to revised $197 million takeover offer from Central Asia Metals
PERTH:New World Resources Limited (ASX: NWC) announced Friday it has entered into a revised acquisition proposal with Central Asia Metals Plc (LON: CAML), including an increased cash offer and conditional funding. The updated terms value New World at approximately 197 million Australian dollars ($130 million), with CAML raising its offer to A$0.053 per share —…
Which markets are opening up? MSCI’s 2025 accessibility report uncovers critical trends
Ireland, Greece, and Korea show progress, while China and Turkey face persistent barriers MSCI Inc. has released its 2025 Global Market Accessibility Review, highlighting a year marked by significant reforms in market infrastructure, particularly across Emerging and Frontier Markets. The report, published annually, evaluates the investability of equity markets using five core criteria and 18…
Canada threatens escalated counter-tariffs on U.S. steel and aluminum imports
Canada weighs stronger trade retaliation as U.S. steel and aluminum imports face 50% tariffs, industry braces for impact OTTAWA: Canada may impose higher counter-tariffs on U.S. steel and aluminum imports if negotiations with the Trump administration fail to yield a broader trade deal within the next 30 days, Prime Minister Mark Carney said Thursday. The…