SYDNEY: E-commerce giant Temu has announced it will allow Australian businesses to sell directly to local consumers on its platform, marking a significant expansion of its marketplace model. Temu, known for its ultra-low prices and vast product selection, has quickly gained traction in Australia amid rising cost-of-living concerns. A recent survey by National Australia Bank (NAB) found…
Essity appoints Ulrika Kolsrud as President and CEO
STOCKHOLM: Essity’s Board of Directors has named Ulrika Kolsrud as the company’s new President and CEO, the company announced Tuesday. Kolsrud will officially take over the role on June 1, succeeding Magnus Groth, who previously informed the board of his plans to step down this year. Kolsrud currently serves as President of Essity’s Health &…
Green Landscaping Group acquires Wagner Straßen-, Tief- & Rohrleitungsbau GmbH
LEBUS: Green Landscaping Group (Publ) has acquired Wagner Straßen-, Tief- & Rohrleitungsbau GmbH, a civil engineering and landscaping company based in Lebus, Brandenburg. Founded in 2007, Wagner has built a reputation as a reliable partner in earthwork, civil engineering and landscaping in the greater Berlin area. The company, led by founder and Managing Director Steffen…
Peugeot Invest takes minority stake in Novétude
PARIS: Peugeot Invest has announced a minority investment of approximately €105 million in Novétude, a leading European higher education group specializing in paramedical training. The deal, which represents over 19% of Novétude’s share capital, positions Peugeot Invest alongside Charterhouse Capital Partners, the majority shareholder. Novétude offers accredited degrees in osteopathy, physiotherapy, optics, dental care, and…
Tiger Royalties signs LOI for investment in Tao Strategies Singapore
LONDON: Tiger Royalties and Investments Plc (AIM: TIG) has announced a strategic move into the decentralized artificial intelligence sector with a £250,000 equity investment in Tao Strategies Singapore. The company, known for incubating technology and mining projects, signed a Letter of Intent (LOI) to support Tao Strategies, which operates miner and validator nodes on the…
ITM Power to supply NEPTUNE II electrolyser to Spanish cement producer
LONDON: ITM Power has signed a contract to provide its NEPTUNE II electrolyser system to a leading Spanish cement manufacturer, marking the company’s first deployment in the sector. The NEPTUNE II is a fully autonomous 2MW electrolyser designed to produce green hydrogen. The system includes power conversion and balance-of-plant components, allowing for easy deployment as…
Ofgem secures £7 million in customer compensation over billing error
LONDON: Ten energy suppliers have refunded and compensated more than 34,000 customers after Ofgem uncovered a technical overcharging error that resulted in excess charges beyond the regulated price cap. The suppliers paid a total of £7 million—£5.6 million in refunds and £1.4 million in goodwill payments—after a compliance review by the energy regulator. The issue…
Travis Perkins Plc has appointed Gavin Slark as its next CEO
LONDON: Travis Perkins Plc has appointed Gavin Slark as its next Chief Executive Officer (“CEO”) and as an executive director of the Company with effect no later than 1 January 2026. Gavin Slark is a highly experienced public company CEO and has significant experience of the building materials and merchanting industry. He has been CEO…
IAG orders 53 new Airbus and Boeing aircraft for its long-haul fleet
LONDON: International Airlines Group (IAG) is ordering 53 new Airbus and Boeing aircraft for its long-haul fleet, comprising 32 Boeing 787-10 aircraft for British Airways and 21 Airbus A330-900neo aircraft, which can be deployed within Aer Lingus, Iberia or LEVEL. Subject to shareholder approval at the IAG’s Annual General Meeting in June, these new aircraft will…
LondonMetric to acquire Urban Logistics in £698.9 million deal
LONDON: LondonMetric and Urban Logistics have agreed to the terms of a recommended cash and share offer, paving the way for LondonMetric to acquire Urban Logistics in a deal valued at approximately £698.9 million. The acquisition will be carried out under a scheme of arrangement in accordance with Part 26 of the Companies Act, the…
ATIS Group to acquire 300 wireless towers in Paraguay from Millicom
MONTEVIDEO: ATIS Group, a leading digital infrastructure provider in Latin America, announced Thursday that it has signed an agreement to acquire Lati Paraguay, a Millicom subsidiary that owns about 300 wireless communication towers in Paraguay. The deal, signed April 26, is part of ATIS’s continued expansion in the Southern Cone and strengthens its position as the region’s…
SKF partners with Carnegie Clean Energy on wave energy project
FREMANTLE: Carnegie Clean Energy Limited (ASX: CCE) announced Thursday a partnership with global industrial leader SKF to collaborate on the Power Take-Off (PTO) system for Carnegie’s CETO wave energy technology. The agreement includes SKF manufacturing three PTO units for the ACHIEVE Programme, a key step in commercializing the renewable energy solution. The PTO system, critical…