SYDNEY: Cromwell Property Group (ASX:CMW) has agreed to sell its 50% interest in a landmark office asset at 475 Victoria Avenue, Chatswood, NSW for approximately A$87 million, the company said in an ASX filing on Thursday. The disposal, structured under a conditional sale contract, is expected to reduce the group’s gearing by roughly 3% and…
Aumake full-year revenue surges 50% amid strengthening China-Australia trade
SYDNEY: Aumake Ltd. (ASX: AUK), a distributor of Australian and New Zealand consumer brands in Asia, said Thursday that unaudited full-year sales rose more than 50% to over A$39 million, as improving trade ties between China and Australia boosted demand. Chairman Anthony Noble attributed the growth to favorable geopolitical shifts and Aumake’s strategic position in…
Deutsche Bank Q2 profit beats forecasts, shares near 10-year high
Net profit stands at €1.485 billion; Bank management confirms full-year targets Deutsche Bank reported stronger-than-expected second-quarter net profit of €1.485 billion ($1.748 billion), surpassing the Reuters analyst forecast of €1.2 billion. This performance positions the bank to meet its full-year targets, according to CFO James von Moltke, despite mixed results in its core investment banking…
Capricorn Metals announces Warreiedar acquisition in strategic gold consolidation
PERTH: Capricorn Metals Ltd. said Thursday it will acquire Warriedar Resources Ltd. in an all-scrip deal, consolidating two major gold projects in Western Australia. The transaction, unanimously endorsed by Warriedar’s board, is valued at approximately A$188 million and is expected to expand Capricorn’s gold reserves and operational footprint. Under the scheme of arrangement, Warriedar shareholders…
Regis to acquire Rockpool Residential Aged Care in $135 million deal
BRISBANE: Regis Healthcare Ltd. has signed a binding agreement to acquire Rockpool RAC Holdings Pty Ltd for a net cash outlay of approximately $135 million, adding four premium aged care facilities in Queensland to its portfolio. The acquisition includes residential aged care homes in Brisbane and the Sunshine Coast, totaling 600 beds, all opened since…
Victoria PLC reports FY2025 results, targets margin recovery in FY2026
LONDON: Victoria PLC (AIM: VCP), the international flooring group, today announced audited results for the year ended 29 March 2025, with revenue and earnings broadly in line with market expectations. The company also confirmed the refinancing of its Super Senior Revolving Credit Facility (SSRCF) and 2026 Senior Secured Notes, extending maturities to 2029. FY2025 Financial…
Severfield reports FY25 loss but confirms stable outlook amid market pressures
LONDON: Severfield Plc, the UK’s leading structural steel group, posted a pretax loss of £17.5 million for the year ended 29 March 2025, reversing a profit of £23 million a year earlier, as subdued market conditions and bridge remediation costs weighed on performance. Full-year revenue dipped 3% to £450.9 million, while underlying operating profit plunged…
Airtel Africa posts robust Q1 growth on soaring data, mobile money demand
LONDON: Airtel Africa plc reported a 9% jump in its customer base to 169.4 million for the quarter ended 30 June 2025, driven by double-digit gains in data and mobile money services across its markets. Data customers grew 17.4% to 75.6 million, with 45.9% smartphone penetration fueling a 47.4% surge in data usage. Data ARPU…
Quartix H1 revenue climbs 10%; Profit surges on subscription growth
LONDON: Quartix Technologies plc (AIM:QTX), a leading provider of subscription-based vehicle tracking systems, reported a 31% increase in first-half operating profit, driven by accelerated growth in recurring revenue and strong customer acquisition. Revenue for the six months ended June 30 rose 10% year-on-year to £17.6 million. EBITDA jumped 30% to £3.7 million, while operating profit…
Reckitt posts strong core growth, divests essential home in strategic overhaul
LONDON: Reckitt Benckiser Group reported a resilient first-half performance as it continued to reshape itself into a leaner, health- and hygiene-focused company, posting 4.2% like-for-like revenue growth in its Core business and announcing the divestment of its Essential Home division. Group net revenue fell 2.6% to £6.98 billion due to foreign exchange headwinds, but Core…
Lloyds Banking Group reports higher profits, boosts dividend on strong first half
LONDON: Lloyds Banking Group plc announced increased profits and a higher dividend for the first half of 2025 on Thursday, citing income growth, cost discipline, and robust asset quality. The UK-focused bank reported a statutory profit after tax of £2.5 billion for the six months ending June 30, 2025, up 4% from £2.4 billion in…
iomart revenue rises 13% in FY2025 amid Atech boost; Profitability hit by goodwill impairment
LONDON: iomart Group plc (AIM: IOM) on Wednesday posted a 13% rise in annual revenue to £143.5 million, driven by contributions from acquisitions and six months of trading from Atech, which saw unaudited annual revenue growth of 27%. Despite topline growth, the secure cloud services provider swung to a statutory loss before tax of £53.2…