LONDON: CLS Holdings PLC (LSE: CLI), a leading office space specialist with a £1.75 billion portfolio across the UK, Germany, and France, announced its half-year financial results for the six months ended June 30, 2025, highlighting strategic progress in lettings, asset sales, and refinancing. The Group reported a net rental income of £53.3 million, down…
MELBOURNE: JB Hi-Fi Ltd. reported a 10% rise in full-year sales to $10.55 billion, driven by strong consumer demand and strategic product launches across its Australian and New Zealand operations. Net profit after tax rose 5.4% to $462.4 million, while underlying earnings excluding one-off expenses climbed 8.5% to $476.1 million. The electronics and appliance retailer…
Energy giant advances upstream projects, boosts AI capacity and renewables, declares $42.7 billion in dividends despite lower crude prices RIYADH: Saudi Aramco (2222.SE), the world’s largest oil exporter, reported a robust financial performance for the first half of 2025, posting an adjusted net income of $50.9 billion despite lower crude prices and geopolitical headwinds. The…
PARIS: Bureau Veritas has stepped up its portfolio diversification strategy with three acquisitions designed to strengthen its presence across high-growth technical sectors. The global Testing, Inspection, and Certification (TIC) firm announced agreements to acquire specialized companies in Germany, Denmark, and South Korea, aligning with its LEAP I 28 growth strategy. Bureau Veritas will acquire Denmark’s…
EINDHOVEN: Signify (Euronext: LIGHT), the global leader in lighting solutions, posted second-quarter revenue of €1.418 billion, navigating persistent market headwinds with robust consumer demand and growing sustainability credentials. The company’s comparable sales declined 1.4%, dragged by its Conventional lighting business. Excluding that segment, topline growth reached 0.8%, driven by momentum in the Professional and Consumer…
LONDON: British food business Hilton Food Group said on Tuesday it has agreed to sell a stake in its supplier management platform, Foods Connected, to the Apax Global Impact Fund for £22 million ($28 mln), marking a strategic step to scale the technology-led platform. The Apax Global Impact Fund, advised by private equity firm Apax…
LANCASTER: Ecore International, a global leader in transforming reclaimed rubber into high-performance, sustainable products, has acquired Lockport, N.Y.-based HTI Recycling, expanding its materials innovation and reinforcing its circularity mission. The transaction includes HTI subsidiaries Edge Rubber Recycling and D&G Heavy Equipment Leasing, uniting two family-run firms with a shared commitment to environmental impact, product quality…
BYD, a Chinese automobile importer in Pakistan’s growing new energy vehicle (NEV) market, has opposed the government’s proposal to allow the import of five-year-old used cars. The company argues that this move would disrupt local manufacturers, harm the environment, and increase reliance on costly petroleum imports. At a media briefing in Karachi, BYD Vice President…
WELLINGTON: Mercury NZ Limited’s Chief Executive, Stew Hamilton, has announced significant changes to the company’s Executive Leadership Team to support its new three-year objectives. Mr. Hamilton, who has been in the role for about two months, emphasized the importance of engaging with team members and stakeholders to steer Mercury’s growth. Two existing roles have been…
Microsoft has partnered with Brookfield Asset Management in a monumental agreement to support approximately $10 billion worth of new renewable energy initiatives. This deal represents the most significant corporate investment in renewable energy to date, with the goal of meeting the increasing energy requirements of artificial intelligence (AI) technologies and data centers. A New Era…
PARIS: Bureau Veritas, a global leader in Testing, Inspection, and Certification (TIC), has unveiled its ambitious 2028 strategy, aiming to redefine industry standards through customer-centricity and sustainability. The strategy, LEAP I 28, focuses on Portfolio, Performance, and People, with a commitment to CSR. The company targets high single-digit revenue growth, improved operating margins, double-digit shareholder…
LONDON: BSF, a biotech company that owns tissue engineering firms 3DBT and Kerato, has signed a memorandum of understanding with Maison Amelie Pichard, a fashion company that uses eco-friendly materials, to develop and sell fashion accessories that incorporate lab-grown leather. This is the first time that real lab-grown leather, which mimics the structure of traditional…