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FD Technologies revenue rises amid strategy shift
FD Technologies revenue rises amid strategy shift

Irish Times

time3 days ago

  • Business
  • Irish Times

FD Technologies revenue rises amid strategy shift

FD Technologies said revenue rose in the year to the end of February as the company saw significant strategic progress. The company said revenue for the year was £80.7 million (€95.6 million), a 2 per cent rise year on year. However, the company reported an operating loss of £23.4 million, widening from £15.6 million a year earlier, with an adjusted Earnings before interest, tax, depreciation and amortisation of £6.5 million. In October last year, the company agreed to sell its First Derivatives division to US software company EPAM for £230 million and divesting MRP, leaving leave FD Technologies to focus on KX, another arm of the group, as its sole continuing operation. READ MORE During the second half of the financial year, KX continued to perform well, delivering bookings growth for the fiscal year at the top end of it guidance range with £18 million annual contract value. That was a 33 per cent rise on the same period last year, when the figure was £13.5 million. Annual recurring revenue rose 13 per cent to £81.8 million during the year, a strategic milestone 'As these results demonstrate, momentum is accelerating in KX bookings and ARR growth, and the business is on course to deliver sustainable operating leverage over the long term, with cash EBITDA reaching breakeven in FY27,' chief executive Seamus Keating said. 'Following the completion of the disposal of First Derivative for an enterprise value of £230 million in December 2024, we returned £120 million to shareholders via a tender offer in January 2025, reflecting our commitment to maintaining an efficient balance sheet and maximising shareholder value.' The company has also agreed a takeover deal that will see US private equity fund TA pay £24.50 a share for FD Technologies, valuing the company at £570 million. 'TA has significant experience supporting in high-growth global software businesses, and we believe it is a suitable and appropriate partner for our employees, customers, and other stakeholders,' Mr Keating said. The company has a 'robust pipeline' for the coming financial year, and plans to invest in expanding its customer reach in core sectors, including the financial services sector, boosting innovation, and exploring new markets. 'With accelerating ARR growth and better-than-expected operating leverage, KX delivered a strong performance based on good ongoing execution,' Mr Keating said. 'Our focus for FY26 is to deliver efficient growth and demonstrate progress in delivering the significant operating leverage that is a feature of our business over the long term. We will prioritise our investments to accelerate deployment, time to value and ease of use, further simplifying our product model and enhancing sales productivity.' The company said it expects ARR growth of at least 20 per cent in the coming financial year.

Six of the best free things to do in London this weekend
Six of the best free things to do in London this weekend

Time Out

time09-05-2025

  • Entertainment
  • Time Out

Six of the best free things to do in London this weekend

Last weekend was the first May bank holiday, so it's understandable that your bank account might be hurting right now. But fear not, because as London launches into summer there are plenty of fabulous and free happenings taking place across the city this Friday May 9 to Sunday May 11. Looking for inspo for things to do this weekend that won't break the bank? From the Tate's big birthday weekender, to a stunning hot air balloon festival, and independent shopping markets, we've rounded up five of the best free things you can do in the capital. Take a peak below. Celebrate Tate Modern's 25th birthday London's finest modern art gallery turns 25 this May, and it's celebrating a quarter of a century with a bang. Across one long weekend, the institution will mark its anniversary with a series of special one-off events and artworks, plus free tickets to its temporary exhibitions for 16 to 25-year-olds. Head to the Bankside gallery this weekend to see live tarot readings, big name DJ sets, old art gems resurrected (remember Louise Bourgeois' giant bronze spider?), special performances, workshops, talks and more. More info here. Tate Modern. May 9-12. Free (some events require booking in advance). Browse vinyl at the Independent Label Market Indie record labels, local brewers and DJs will come together at Kings Cross' Coal Drops Yard this Saturday for the May edition of the Independent Label Market. Music heads will be able to shop for exclusive and rare vinyl while sipping crafties and listening to live DJ sets, supplied by KX station Voices Radio. There will also be live music, spotlighting emerging artists from participating labels. Coal Drops Yard. Sat May 10. Free. See the swanky new Sainsbury Wing at the National Gallery The National Gallery's Sainsbury Wing has been closed for the past two years while it underwent a serious £85 million renovation. It finally reopens this weekend, newly kitted out with plenty of sleek, neutral limestone, vast expanses of glass, digital screens, new staircases, seating areas and more. The wing opens in conjunction with the 'Wonder of Art': a major rehang of around 1000 works in the gallery's collection of European painting. See our first look of the new wing here. National Gallery, WC2N 5DN. Opens Sat May 10. Free. Gawp at the Lord Mayor's Hot Air Balloon Regatta It's been six years since the last Lord Mayor's Hot Air Balloon Regatta was able to take place, thanks to Covid-19 and then years of bad weather, so this is one for the books. All being well, this Sunday May 11 50 hot air balloons will take off into the London skies. You'll be able to spot them sailing past some of the city's most iconic landmarks, from Buckingham Palace and the London Eye to the Tower of London and Tower Bridge. Sunday's forecast is looking like blue skies and low winds, so fingers crossed. More information here. Various locations. Sun May 11. Free. Catch the final weekend of the Museum of Transology Over the last 10 years, the Museum of Transology has been building up what is now the world's biggest collection of objects and stories relating to trans, non-binary and intersex lives. Its landmark exhibition, 'TRANSCESTRY: 10 years of the Museum of Transology' comes to a close this Sunday, so now is your last chance to check out the more than 1,000 artefacts that tell the the underrepresented and often forgotten stories from the trans community. More information here. Lethaby Gallery, N1C 4AA. Until Sun May 11. Free. North London community grocery store Nourished Communities is opening a new outpost in Walthamstow this weekend. To celebrate, they are giving away 100 free mini doughnuts and glasses of crémant, both supplied by St John, plus 25 litres of extra virgin olive oil. And if that's not enough to get you out of bed on Saturday morning, we don't know what is. It's first-come-first-served and doors open at 9.30am, so get there sharpish. 28 Saint James Street, E17 7PF. Sat May 10. Free.

Andor season 2 episode 8 recap explores growing rebellion and brutal imperial response
Andor season 2 episode 8 recap explores growing rebellion and brutal imperial response

Express Tribune

time07-05-2025

  • Entertainment
  • Express Tribune

Andor season 2 episode 8 recap explores growing rebellion and brutal imperial response

⚠️ Spoiler Alert: The following article contains major plot details from Andor Season 2, Episode 8. Andor Season 2, Episode 8 delivers a harrowing depiction of protest, repression, and personal collapse, as the long-anticipated Ghorman massacre takes center stage. Written by Dan Gilroy and directed by Janus Metz, the episode follows Cassian Andor (Diego Luna) as he prepares to assassinate Imperial officer Dedra Meero (Denise Gough), just as tensions erupt in Palmo Plaza. As Imperial forces tighten control, the Ghorman resistance organizes a mass demonstration. Protestors fill the plaza with chants and banners in Basic, hoping to broadcast their message across the galaxy. Meanwhile, Cassian navigates the rising unrest while trying to complete his mission. Amid the chaos, Syril Karn (Kyle Soller) is summoned to the IOC building. There, he confronts Dedra and violently demands answers about the Empire's true intentions. When she downplays the danger, Syril assaults her, then flees—only to be killed shortly after by rebel leader Rylenz, during a brutal confrontation with Cassian. The massacre reaches its peak as Stormtroopers and KX units open fire on civilians after staging a false flag incident. Key resistance members, including Enza and Dilan, are killed, and Thela sacrifices himself in a hotel explosion. Cassian escapes with Wil and salvages a damaged KX unit—an early hint at his future partnership with K-2SO. A final rebel broadcast describes the bloodshed in Ghorman as a calculated slaughter, calling on the galaxy to remember the truth. As the Empire spins its narrative, Syril is posthumously branded a hero. The episode reinforces Andor's unflinching portrayal of rebellion and the price of complicity.

Kawasaki recalls thousands of motorcycles
Kawasaki recalls thousands of motorcycles

Yahoo

time24-04-2025

  • Automotive
  • Yahoo

Kawasaki recalls thousands of motorcycles

(WHTM) — Kawasaki Motors USA has recalled thousands of motorcycles due to a crash hazard. According to the Consumer Product Safety Commission (CPSC), Kawasaki Motors USA has recalled about 3,400 of its 2025 KX series competition and cross-country motorcycles because the primary gear for the crankshaft can fail, posing a crash hazard. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now To date, there have been no injuries reported. Specifically, CPSC says this recall involves the following motorcycles: Product Name Model Number VIN 2025 KX450 KX450MSFNN JKAKXGMCSA008598 – JKAKXGMCSA011475 2025 KX450SR KX450PSFNN JKAKXGPCSA000012 – JKAKXGMCSA000971 2025 KX450X KX450NSFNN JKAKXGNCSA002194 – JKAKXGNCSA003159 These recalled motorcycles were sold at authorized Kawasaki dealers nationwide from June 2024 through March 2025 for between $10,500 and $13,600. Moving forward, consumers should immediately stop using the recalled motorcycles and contact a Kawasaki dealership for a free repair. After doing so, the primary gear will be replaced with a new gear. If you have any question, you can contact Kawasaki Motors USA at 866-802-9381 or go online. abc27 news will keep you updated as more information becomes available. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

The KX Speed Valve speeds up the movements of the tree shear and improves its controllability
The KX Speed Valve speeds up the movements of the tree shear and improves its controllability

Associated Press

time31-03-2025

  • Automotive
  • Associated Press

The KX Speed Valve speeds up the movements of the tree shear and improves its controllability

this innovation significantly increases the wood grapple's efficiency ÄäNEKOSKI, KESKI-SUOMI, FINLAND, March 31, 2025 / / -- KX-TreeShears Oy has developed a new speed valve that makes the operation of the tree shear significantly more efficient. The KX Speed Valve greatly accelerates the grapple's movements and enhances its controllability. This innovation is an important step toward even smoother timber harvesting. The tree shear can be used to cut, stack, and load energy wood, such as small trees, bushes, and branches. These grapples are commonly used in forestry, agriculture, and road maintenance. Versatile tree shears are employed, for example, in forest restoration, clearing roadsides and field edges, and collecting energy wood for bioenergy plants. When needed, they can also be used to clear firebreaks and clean up storm damage. With a tree shear, a larger amount of wood can be processed at once. The grapple reduces the need for manual labor, which speeds up processes and lessens the physical strain on workers. Therefore, the tree shear improves workplace well-being and reduces the risk of injuries. KX Tree Shear – high-quality, lightweight, and easy to maintain The wood grapples from KX-TreeShears Oy are developed and manufactured in Finland, a country with strong expertise in forestry. KX-TreeShears' wood grapples feature a modular design and detachable blades, setting them apart from competitors' products. Thanks to the modular structure, the tree shear is lightweight, versatile, and efficient. This design also simplifies the product's maintenance. There's no need to replace the entire tree shear; instead, only the part that may have worn out or broken during use can be swapped out. KX-TreeShears wood grapples are excellent tools for forestry work. The new innovative speed valve further enhances work efficiency. Wood grapples manufactured by KX-TreeShears are already sold in many European countries, as well as the United States and Canada, and the new valve is a natural addition to the product family. KX Speed Valve speeds up work The KX Speed Valve accelerates the operation of the two-cylinder KX Tree Shear. This compact yet powerful valve elevates the grapple's performance to a whole new, higher level. The innovative speed valve significantly speeds up the grapple's jaw movements: the speed of opening and closing motions is even doubled. As a result, work becomes more efficient, and productivity increases. Additionally, thanks to the valve, the grapple's controls respond more sensitively, and the fast movements make operation more intuitive. The grapple's user-friendliness increases, which is a highly important factor in professional use. The valve is compact, measuring only 60 x 120 x 150 mm. Its small size allows it to be installed, for example, directly inside the tree shear's frame. This makes installation easy and saves space. About the company KX-TreeShears Oy manufactures efficient, professional-grade products for forestry professionals, improving the efficiency and comfort of forest work. The products are developed and assembled in Northern Europe, Finland, where the forestry industry is a strong part of national identity and where there is long-standing expertise in the field. KX-TreeShears' high-quality wood grapples are the result of extensive development work. The third-generation KX Tree Shear was designed based on feedback from industry professionals. This durable and versatile grapple is sold in the United States, Canada, and most of Europe. Kimmo Tossavainen KX-TreeShears Oy

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