LONDON: Power Metal Resources PLC (AIM:POW), the London listed exploration company and project incubator with a global project portfolio, announced the signing of a binding subscription agreement for an investment of £4 million in Apex Royalties Limited, a private, high growth, diversified, mining royalty company. Apex was established in late 2024 and has since grown…
Global banks agree to invest £170 million in LSEG’s Post Trade Solutions business
LONDON: London Stock Exchange Group (LSEG) today announced that 11 leading global banks have agreed to invest in its Post Trade Solutions business, taking a 20% stake. The investing banks will each become shareholders in Post Trade Solutions, acquiring the stake for aggregate cash consideration of £170 million, valuing the whole of Post Trade Solutions at £850 million….
Redcentric plc agrees to sell data centres business to Stellanor for £127 million
LONDON: Redcentric plc (AIM:RCN), a leading UK IT managed services provider, has conditionally agreed the sale of its Data Centre business, Redcentric Data Centres Limited, (RDC) to Stellanor Datacenters Group Limited, UK data centre operator backed by a fund managed by DWS Group for a cash consideration based on an enterprise valuation of up to…
Azelis Group N.V. posts nine-month revenue of EUR 3.2 billion, a 0.8% decline
BRUSSELS: Speciality chemicals and food ingredients distributor Azelis Group NV (AZE.BR) on Thursday reported a 34.3% surge in free cash flow for the first nine months of 2025, driven by disciplined working capital management amid persistent market uncertainty. Free cash flow rose to EUR 293.2 million ($309.8 million) for the nine-month period ending September 30,…
Aalberts Q3 revenue dips slightly as EBITA margin falls amid challenging markets
UTRECHT: Dutch industrial technology company Aalberts N.V. on Thursday reported a marginal decline in third-quarter revenue and a drop in core earnings, as it navigated persistent softness in its key end markets. The company reported revenue of 772.5 million euros ($822 million) for the quarter, a slight organic decline of 1.9% compared to the same period…
Packaging Corporation of America posts $226.9 million net income for September quarter
NEW YORK: Packaging Corporation of America (PKG.N) on Wednesday reported a better-than-expected quarterly profit, driven by higher prices in its packaging business and lower fiber costs, and said it expects earnings from its newly acquired Greif containerboard operations to improve. The third-largest producer of containerboard products in North America said adjusted earnings for the third…
Helix Energy swings to Q3 profit, lifts 2025 EBITDA guidance on strong robotics, offshore activity
HOUSTON: Helix Energy Solutions Group Inc (HLX.N) on Wednesday reported a third-quarter profit of $22.1 million, or 15 cents per diluted share, reversing a loss of $2.6 million in the prior quarter, as robust performance in its Robotics and Shallow Water segments offset offshore headwinds. The Houston-based offshore energy services firm posted adjusted EBITDA of…
Williams sells Louisiana gas stake to JERA; Partners with Woodside in $1.9 billion LNG push
TULSA: U.S. energy company Williams (WMB.N) on Thursday announced a pair of transactions to advance its natural gas strategy, including the sale of a Louisiana upstream asset to Japan’s JERA and a $1.9 billion partnership with Woodside Energy (WDS.AX) to invest in an LNG export project. The moves are designed to strengthen Williams’ integrated “wellhead-to-water”…
Oceaneering Q3 profit surges 73%, beats EBITDA guidance on strong segment performance
HOUSTON: Oceaneering International Inc (NYSE:OII) on Wednesday reported a 73% jump in third-quarter net income, driven by solid execution across its business segments and higher-margin backlog conversion in Manufactured Products. The Houston-based subsea engineering and services firm posted net income of $71.3 million, or 71 cents per share, up from $41.2 million a year earlier….
Blackstone and TPG to acquire Hologic Inc for $18.3 billion
NEW YORK: Hologic, Inc. (Nasdaq: HOLX), global leader in women health, announced today that it has signed a definitive agreement to be acquired by funds managed by Blackstone and TPG in a transaction valued at up to $79 per share, representing an enterprise value of up to $18.3 billion. Under the terms of the agreement,…
ChipAgents raises $21 million Series A to revolutionize chip design with agentic AI
SANTA BARBARA: ChipAgents, the agentic AI platform transforming chip design and verification, announced the close of a $21 million Series A funding round, bringing its total raised to $24 million to date. The latest round was led by Bessemer Venture Partners, with strategic backing from Micron, MediaTek, Ericsson, and other major semiconductor companies. Notable angel…
Modern Treasury acquires Beam to expand real-time payments across fiat and stablecoin rails
SAN FRANCISCO: Modern Treasury, a U.S.-based payments infrastructure provider, said on Wednesday it has acquired Beam, a stablecoin and fiat payment platform, in a move aimed at expanding its capabilities across traditional and blockchain-based settlement systems. The deal brings Beam’s technology and team under Modern Treasury’s umbrella, enabling the company to offer real-time payments via…