LONDON: Avacta Therapeutics (AIM: AVCT), a life sciences company developing innovative, targeted oncology drugs, today announced the sale of Coris Bioconcept SRL to 3B BlackBio Dx Ltd for an upfront cash consideration of £2.15 million (including net cash & customary working capital adjustments) with an additional earn-out based on future business performance of up to…
RTC Group posts steady interim profit as cash flow surges in first half
DERBY: Engineering and technical recruitment firm RTC Group Plc (AIM: RTC.L) reported a resilient set of interim results for the six months ended June 30, 2025, maintaining profit from operations at £1.3 million while delivering a sharp rise in operating cash flow. Group revenue from continuing operations stood at £48.3 million, slightly below £49.0 million…
Science Group soars on Ricardo windfall; Posts record H1 profit
CAMBRIDGE: Science Group plc (AIM: SAG) reported a dramatic surge in first-half profit, fueled primarily by a highly profitable strategic investment, alongside resilient underlying operations despite economic volatility. Key Highlights (H1 2025 vs H1 2024): Operational Performance: While the exceptional Ricardo gain dominated the headline profit, underlying trading showed resilience. Revenue growth was led by…
Morris Group makes bid for Reef Casino Trust offering $184 million
CAIRNS: Reef Casino Trust (ASX:RCT) has received a conditional, non-binding bid from Morris Group, offering approximately A$184 million for all issued units of the trust in an off-market cash takeover. The proposal, submitted through MGGM Cairns No1 Pty Ltd, values each unit at A$3.70 and mirrors the key terms of a prior offer from Iris…
Stealth Group locks in $6 million in iPhone 17 accessory pre-sales, up 50%
PERTH: Stealth Group Holdings Ltd. (ASX: SGI) has secured approximately A$6.0 million in pre-sales for mobile accessories ahead of Apple Inc.’s iPhone 17 launch, a 50% surge compared to the same period last year. The Australian multi-sector distribution company announced Monday that the pre-orders, backed by firm purchase commitments, will be recognized as revenue across…
Velociti powers 70% IRR for Literacy Capital in premium exit deal
LONDON: Literacy Capital plc has completed a significant transaction involving its portfolio company Velociti Solutions, selling its stake and re-investing alongside CBPE at a 52 percent premium to the most recently stated carrying value. Velociti, a software provider to the UK and international bus and rail sectors, was originally acquired as EPM Solutions in February…
FirstGroup has acquired Tetley’s Coaches
LONDON: FirstGroup plc has acquired Tetley’s Motor Services Limited (`Tetley’s Coaches’), a Leeds-based coach and bus operator that has been in operation for over 75 years. Tetley’s Coaches operates from a large depot which it owns in Central Leeds, adjacent to the Group’s existing First Bus Hunslet Park depot. It has a fleet of 55…
GSK, China’s Hengrui Pharma ink $500m deal to co-develop 12 innovative medicines
LONDON: GSK plc announced Monday that it has entered into agreements with China-based Hengrui Pharma to co-develop up to 12 innovative medicines spanning respiratory, immunology, inflammation and oncology indications, marking a major expansion of the British pharmaceutical giant’s pipeline beyond 2031. The collaboration includes an exclusive license for HRS-9821, a potential best-in-class PDE3/4 inhibitor in…
Ocean Wilsons and Hansa Investment Company finalize £900 million all-share combination deal
LONDON: Ocean Wilsons Holdings Limited and Hansa Investment Company Limited have formally agreed to an all-share merger that will see Hansa acquire the entire issued and to-be-issued share capital of Ocean Wilsons through a court-sanctioned scheme under Section 99 of the Bermuda Companies Act. The transaction marks a significant moment in both firms’ histories and…
IMDEX acquires Earth Science Analytics to expand digital orebody intelligence
SYDNEY: IMDEX Ltd. (ASX: IMD) has acquired Norway-based Earth Science Analytics AS (ESA), the mining tech firm said Monday, in a deal aimed at accelerating its digital strategy and expanding its AI-powered geoscience capabilities across mineral and energy sectors. IMDEX will pay A$26 million for an 80.5% equity stake in ESA, with the remaining shares…
Almirall reports 12.7% revenue growth in H1 2025, driven by dermatology portfolio
BARCELONA: Almirall, S.A. (ALM), a global biopharmaceutical company specializing in medical dermatology, reported a 12.7% increase in net sales for the first half of 2025, reaching €560.5 million, up from €497.2 million in the same period last year. EBITDA rose 16.6% to €121.8 million, bolstered by robust revenue and a gross profit margin of 65.5%….
Carter’s Inc sees sales momentum but profit declines amid tariff headwinds, leadership transition
ATLANTA: Carter’s Inc. (NYSE: CRI), North America’s leading apparel company for babies and young children, reported its second-quarter fiscal 2025 results, signaling modest sales growth and strategic investments aimed at long-term recovery, despite a significant dip in profitability and lingering tariff pressures. Net sales rose 3.7% to $585.3 million from $564.4 million a year earlier,…