Alibaba has scrapped its plans to list its cloud and grocery businesses separately, citing regulatory and market uncertainties. The Chinese ecommerce giant reported disappointing earnings on Thursday, with revenue missing expectations and net loss widening. Hong Kong stocks continued to lead declines in Asia-Pacific on Friday, as shares of Alibaba plunged in early trading, while…
Author: Ali Mirza
Wheaton Precious Metals expands portfolio with $530 million stream acquisitions
LONDON, UK: Wheaton Precious Metals and its wholly-owned subsidiary, Wheaton Precious Metals International have finalized a definitive agreement with entities advised by Orion Resource Partners to acquire existing streams related to Ivanhoe Mines’ Platreef Project and BMC Minerals’ Kudz Ze Kayah Project. Additionally, Wheaton International has entered into a new precious metals purchase agreement for…
Passive Income Ideas: How I Generate Income Without a Job
Hello, everyone. Here I share my stories and tips on how to earn passive income without a job. Yes, you read that right. I don’t have a job, and I don’t need one. I have multiple sources of passive income that allow me to live comfortably and pursue my passions. In this post, I will…
Fintel Plc acquires two fintech firms to expand its services and ratings
LONDON, UK: Fintel Plc, the leading provider of fintech and support services to the UK retail financial services sector, has announced the acquisition of two fintech firms, VouchedFor and AKG, to broaden its services and ratings for the advice market. VouchedFor is a leading review site for financial advisers, mortgage advisers, solicitors and accountants, serving…
Glencore plc to acquire 77% interest in Teck’s Elk Valley Resources for US$6.93 bn
LONDON, UK: Glencore plc has entered into a binding agreement with Teck Resources Limited for the acquisition of a 77% effective interest in the entirety of Teck’s steelmaking coal business, Elk Valley Resources (EVR), for US$6.93 bn in cash, on a cash free debt free basis, subject to a normalised level of working capital. Concurrently,…
LEBC Holdings agrees to sell Aspira Corporate Solutions to Titan Wealth
LONDON, UK: LEBC Holdings Limited (LEBC) has entered into a conditional agreement to sell Aspira Corporate Solutions Limited (Aspira), a wholly-owned subsidiary, to Titan Wealth Holdings Limited, a deal that signifies a pivotal move in their business trajectory. B.P. Marsh’s investment in LEBC, initiated in 2007, centered around LEBC Group Limited, an independent financial advisory…
Midwich Group agrees to acquire prodyTel Distribution Gmbh for upto £18.7 million
LONDON, UK: Midwich Group (AIM: MIDW), a global specialist audio visual distributor, has entered a binding agreement to acquire prodyTel Distribution Gmbh, a distributor of professional audio and technical solutions products based near Nuremberg, Germany. The deal will be funded from Midwich’s existing facilities and is expected to be earnings enhancing in the first full…
Gelion Plc to acquire OXLiD for an aggregate consideration of £4.2 million
LONDON, UK: Gelion Plc (AIM: GELN), the Anglo-Australian battery innovator, has conditionally agreed to acquire the entire issued share capital of OXLiD for an aggregate consideration of up to approximately £4.2 million. OXLiD is a UK based lithium-sulfur (LiS) battery technology developer, dedicated to the development and commercialisation of LiS batteries for electrified transportation and…
Chapel Down, England’s largest winemaker, plans listing on London Stock Exchange
LONDON, UK: Chapel Down, England’s leading and largest winemaker, expressed its intention to seek admission of the entire issued share capital of the company to trading on AIM at London Stock Exchange, according to a release. Chapel Down also published an update on its record breaking 2023 harvest with tonnage 86% higher than 2022. Chapel…
Galliford Try Holdings acquires AVRS Systems Limited for up to £7.0 million
LONDON, UK: Galliford Try Holdings has acquired AVRS Systems Limited (AVRS), a specialist mechanical, electrical, instrumentation, control and automation (MEICA) design and build contractor to the water and energy sectors for a total consideration of up to £7.0 million, a filing noted. Established in 1972, AVRS delivers specialist MEICA design and build solutions. In the…
Foxtons Group has acquired Ludlow Thompson Holdings for a consideration of £10 million
LONDON, UK: Foxtons Group plc announced the acquisition of Ludlow Thompson Holdings Limited and subsidiary companies for a consideration of £10m, on a cash and debt free basis. The acquisition will be funded through the Group’s existing cash resources and existing £20m revolving credit facility, a bourse filing noted. Ludlow Thompson is a high-quality, lettings…
Pineapple Power Corporation to acquire Ilios Hydrogen Canada Limited
LONDON, UK: Pineapple Power Corporation has entered into a non-binding heads of terms to acquire 100% shares in Ilios Hydrogen Canada Limited, based in Vancouver, B.C., subject to legal, financial and other due diligence and entry into a legally binding sale and purchase agreement. Illios Hydrogen is a privately held, Canadian based, international developer of…