STOCKHOLM: The Board of Directors of Qben Infra AB has appointed Fredrik Arpe as interim CEO, effective today. He succeeds Leif Chr. Salomonsen, who is leaving his position. Fredrik Arpe has been a Member of the Board of Directors of Qben Infra since 2023. He has extensive experience from leadership roles within the construction and real estate industry,…
Earnix acquires Zelros to expand AI capabilities in insurance and banking
PARIS: Earnix, a leading provider of Dynamic AI solutions for the insurance industry, announced Tuesday that it has signed a definitive agreement to acquire Zelros, a pioneer in generative AI for insurers and banks. The acquisition will integrate Zelros’s generative AI recommendation engine with Earnix’s predictive AI platform, enhancing risk decisioning, personalization, and claims processes across…
Adidas says U.S. tariffs will force price hikes
HERZOGENAURACH: Sportswear giant Adidas said Tuesday that U.S. tariffs imposed by the Biden administration will lead to higher prices for all its products in the American market, though the company has yet to determine the exact increase. Despite a sharp rise in first-quarter profits, Adidas said ongoing global trade disputes prevented it from raising its…
Westpac appoints Carolyn McCann as acting Chief Executive – Consumer
LONDON: Westpac has announced the appointment of Carolyn McCann as Acting Chief Executive, Consumer, effective 12 May 2025. Ms McCann is Group Executive, Customer & Corporate Services and will be seconded to lead the Consumer division while an external search is underway for a permanent replacement for outgoing Chief Executive Jason Yetton. “Carolyn is an outstanding executive…
Entain plc appoints Stella David as permanent CEO
LONDON: Entain plc (LSE: ENT), the global sports betting and gaming group, announces that Stella David has been appointed as permanent Chief Executive Officer (“CEO”), effective immediately. Pierre Bouchut, Interim Chair of Entain, said: “The Board is delighted to have appointed Stella as CEO. She is an accomplished and commercial business leader with a long…
Mobico Group CEO Ignacio Garat steps down
LONDON: Mobico Group Plc announces that Ignacio Garat, CEO, will be stepping down from his position with effect from 30 April 2025. Ignacio joined Mobico in 2020 and will remain with the Group for the next three months, moving to an advisory role to support a smooth transition. The Board will launch a search for…
Bakkavor Group agrees to sell China operations for £50 million
LONDON: Bakkavor Group plc, a leading international provider of fresh prepared food, has entered into a binding agreement to sell its China operations, with the sale of the entire issued share capital of Bakkavor China Holdings Limited (“BCHL”) to Lihe Xing (Qingdao) Food Technology Co. Ltd., wholly owned by Lihoo’s (Qingdao) Food Industry Company Limited…
My Rewards International completes acquisition of Fly Wallet
BANKSTOWN: My Rewards International Limited (ASX: MRI) announced Wednesday it has finalized the acquisition of Fly Wallet Pty Ltd, a financial technology firm specializing in loyalty and rewards wallet programs. The deal, valued at $785,000, includes a $200,000 payment in shares and $585,000 in cash, to be paid in installments through January 2026. Fly Wallet,…
Bett Entertainment proposes $360 million acquisition of PointsBet
SYDNEY: Bett Entertainment Limited (ASX:BBT) announced a revised proposal Tuesday to acquire 100% of PointsBet Holdings Limited in a deal valued at $360 million, offering a mix of cash and shares. The move aims to create a stronger competitor in Australia’s wagering market. The proposal includes $260 million in cash and $100 million in Bett…
Brødrene A&O Johansen acquires e-commerce domain VVS-eksperten.dk
COPENHAGEN: Danish plumbing and heating supplier Brødrene A & O Johansen A/S announced Monday that it has entered into an agreement to acquire the domain VVS-eksperten.dk, a prominent online platform for plumbing and heating products. The transfer of ownership is set to take effect on Jan. 1, 2026. The acquisition bolsters AO’s presence in Denmark’s e-commerce…
Nanoco Group signs joint development agreement with Asian partner
LONDON: Nanoco Group plc (LSE: NANO), a leading developer and manufacturer of cadmium-free quantum dots and nanomaterials, has signed a major new Joint Development Agreement (JDA) with a second Asian chemical customer, the company announced Monday. The one-year program aims to optimize lead-free nanomaterials for use in global electronics applications, with plans to scale up…
NOVONIX appoints Michael O’Kronley as CEO to drive growth in battery materials sector
SYDNEY: NOVONIX Limited, a leader in battery materials and technology, announced Monday the appointment of Michael O’Kronley as its new chief executive officer, effective May 19. O’Kronley brings over 30 years of automotive experience, including 15 years in the lithium-ion battery and battery materials industry. He previously served as CEO of Ascend Elements, where he…