MELBOURNE: CAR Group Limited (ASX:CAR) announced Thursday that CEO Cameron McIntyre will step down on Aug. 15 after nine years leading the automotive marketplace giant, with Chief Financial Officer William Elliott named as his successor. The transition coincides with preliminary estimates showing double-digit growth in the company’s fiscal 2025 Results. McIntyre, who spent 18 years…
Visionflex Q4 revenue surges 148%, signs key healthcare contracts
SYDNEY: Visionflex Group Ltd (ASX:VFX), an Australian virtual healthcare technology provider, on Thursday reported a 148% quarter-on-quarter revenue jump to A$2.0 million for the fourth quarter ended June 30, driven by growth in recurring software revenue and several new government and corporate contracts. The company posted operating cash inflow of A$0.3 million, reversing a cash…
Australia’s Mirrabooka investments profit slips; Raises $85 million to target mid-cap opportunities
SYDNEY: Mirrabooka Investments Ltd (ASX:MIR) reported a full-year profit of A$7.9 million for the year ended June 30, down from A$10.7 million a year earlier, as its portfolio underperformed broader market indices amid volatile conditions. The listed investment company, which specialises in small and mid-sized companies across Australia and New Zealand, posted a total portfolio…
Frasers Group reports record profit despite revenue dip, highlights margin gains and expansion
LONDON: Frasers Group plc (FRAS.L) announced increased full-year profitability for fiscal 2025 on Wednesday, driven by significant margin improvement and cost savings, even as group revenue declined. The British retail conglomerate, owner of Sports Direct and Flannels, also outlined ambitious international expansion plans. For the 52 weeks ended April 27, 2025 (FY25), Frasers Group reported:…
Ilika Plc advances solid-state battery programmes; Raises £4.2 million post-year end
LONDON: Ilika plc (AIM: IKA) reported progress across its two solid-state battery product lines—Stereax® for medical and sensor applications and Goliath™ for electric vehicles (EVs)—for the year ended April 30, 2025. During the period, the company transferred Stereax manufacturing operations to U.S. partner Cirtec Medical LLC and validated its Goliath P1 battery prototypes. Ilika secured…
Catenai completes second tranche investment in tech startup Alludium
LONDON: Catenai PLC (AIM: CTAI), a digital media and technology provider, said Thursday it has completed the second £450,000 tranche of its investment in Alludium Ltd, a UK-based pre-revenue technology company. The funding follows shareholder approval of share allotment authorities from the June 26 announcement. Catenai subscribed for 681,663 ordinary shares in Alludium at 73…
SEED Innovations exits Oxford BioDynamics investment with £20,000 profit
LONDON: SEED Innovations Ltd on Thursday announced a profitable exit from its short-term investment in AIM-quoted Oxford BioDynamics plc, generating gross proceeds of approximately £145,000. The life sciences-focused investment company acquired 25 million shares in Oxford BioDynamics in February for £125,000 at 0.5p per share. SEED has now sold its entire holding at an average…
Forsee Power reports H1 revenue dip amid EV market Caution; Sees strong Q2 growth
PARIS: French battery systems manufacturer Forsee Power reported first-half 2025 revenue of €80.8 million ($87.8 million), a 4% decrease compared to the same period last year, the company announced Thursday. The company, specializing in batteries for commercial and industrial electric vehicles (EVs), cited a “softer market momentum” driven by industrial customer caution for the H1…
U.S. stocks recover after Trump denies plans to oust Fed Chair Powell
U.S. stocks rebounded Wednesday after President Donald Trump said he has no intention of firing Federal Reserve Chair Jerome Powell, easing investor concerns about potential leadership upheaval at the central bank. The major indexes fell as much as 0.8% late morning following a report in The Wall Street Journal that Trump suggested to GOP lawmakers…
Diageo CEO Debra Crew steps down; CFO Nik Jhangiani named interim chief
LONDON: Debra Crew has stepped down as chief executive officer of Diageo PLC after nearly two years in the role, the spirits giant said Wednesday, with Chief Financial Officer Nik Jhangiani appointed as interim CEO. The departure comes as the maker of Johnnie Walker whisky and Guinness beer pushes ahead with a cost-cutting and turnaround…
Malaga Financial reports lower earnings on ERC impact, maintains strong credit metrics
Malaga Financial Corp (OTCIQ: MLGF), the parent of Malaga Bank FSB, on Wednesday posted a 7% drop in first-half earnings, citing the prior year’s Employment Retention Credit (ERC) and lower net interest income. Net income fell to $10.95 million, or $1.16 per share, for the six months ended June 30, from $11.79 million, or $1.25…
Audioboom to acquire UK podcast network Adelicious in £10 million deal
LONDON: Audioboom Group PLC (AIM: BOOM), a global podcast leader, announced Wednesday it will acquire British podcast network Adelicious Ltd for up to £10.0 million ($12.9 million), aiming to create the UK’s second-largest podcast network. The all-share transaction includes £4.5 million in initial consideration (60% cash, 40% shares), up to £3.0 million in deferred payments…