Financial news include business news, corporate news, company announcements, stock market news
SYDNEY: Cash Converters International Limited (ASX: CCV) has acquired 14 franchise stores across New South Wales, Queensland, and Victoria, continuing its aggressive expansion of corporate-owned outlets in Australia. The acquisitions include: All transactions were funded from available cash and completed at a blended earnings multiple of 4.3x EBITDA. The newly acquired stores are expected to…
Dow Jones slips 62 points as services data and tariff talk rattle investor confidence U.S. stocks retreated Tuesday as investors weighed weaker-than-expected economic data and fresh tariff remarks from President Donald Trump, raising concerns about the health of the economy. The S&P 500 fell 0.49% to close at 6,299.19, while the Nasdaq Composite dropped 0.65%…
SAINTS declared a second interim dividend of 3.75 pence per ordinary share LONDON: The Scottish American Investment Company (SAINTS) posted modest gains in the first half of 2025, with net asset value (NAV) total return rising 1.1% and share price return climbing 3.6%, according to its unaudited interim financial report approved by the board on…
OMAHA: Berkshire Hathaway reported a slight decline in second-quarter operating earnings Saturday, as Warren Buffett’s conglomerate flagged growing risks from escalating U.S. tariffs. Operating profit from the company’s core businesses — including insurance, railroads, energy and retail — fell 4% year-over-year to $11.16 billion. The dip was largely driven by weaker insurance underwriting, though other…
LONDON: Cel AI Plc (LSE: CLAI), a U.K.-based AI agent deployment platform with a strategic focus on Bitcoin treasury management, announced Friday its intention to seek admission to the Aquis Stock Exchange Growth Market (AQSE Growth Market), effective Sept. 1. The company also plans to cancel its listing on the London Stock Exchange (LSE), pending…
Operating profit holds steady at £107.7 million despite market volatility and migration-related outflows LONDON: Rathbones Group PLC reported solid financial results for the six months ended June 30, 2025, reflecting successful integration of Investec Wealth & Investment (IW&I) and announcing its first-ever share buyback. Operating income stood at £449.1 million, nearly flat from £447.4 million…
LONDON: Schroder British Opportunities Trust plc (SBO) has announced a new private equity investment in JMG Group, one of the United Kingdom’s fastest-growing insurance brokerages. The investment is being made through Synova, a long-standing private equity partner of Schroders Capital and the majority shareholder in JMG since 2020. Founded and headquartered in the UK, JMG…
LONDON: The High Court of Justice in England and Wales has sanctioned the proposed acquisition of Trakm8 Holdings plc by Brillian UK Limited, clearing the way for the deal to become effective next week. The acquisition, first announced on May 1, 2025, involves Brillian UK—a company within the Omegro portfolio and wholly owned indirectly by…
LONDON: Chesnara plc announced Thursday it has agreed to acquire HSBC Life (UK) Limited from HSBC Bank plc for £260 million, in a transaction that marks the UK life insurer’s largest acquisition to date. The deal is expected to significantly expand Chesnara’s scale in the United Kingdom, adding approximately £4 billion in assets under administration…
BARCELONA: Banco Sabadell’s board agreed Tuesday to propose the sale of its British subsidiary, TSB, to Banco Santander for £2.9 billion (€3.4 billion) in cash, with the deal expected to close in the first quarter of 2026. The Spanish bank said it will recommend an extraordinary cash dividend of €0.50 per share, totaling about €2.5…
LONDON: In order to continue to develop the mortgage business and customer offering, Swedbank acquires the mortgage credit institution Stabelo. Through access to a complementary brand, new technology and new channels for mortgages, the acquisition will help Swedbank reach more customers in the mortgage market. Stabelo is an established actor in the mortgage market that…
LONDON: ADVFN PLC (AFN:JPJ) announced Monday the acquisition of the Capital Markets Group, which includes two major investor engagement platforms: Stockhouse in Canada and HotCopper in Australia. The London-based financial information company said the deal strengthens its position in the small-cap investor space, combining one of the largest retail investor communities in both markets. As…