SYDNEY: Tower Limited (NZX/ASX: TWR) today announced that Chief Executive Officer, Blair Turnbull has resigned and will step down on 12 February 2025, following the Annual Shareholder Meeting (ASM) on 11 February 2025. Mr Turnbull joined Tower in 2020 and has overseen considerable transformations at the Kiwi and Pacific Island insurer. Chair Michael Stiassny thanked…
Scout Security Ltd to acquire home security technology company Roo Inc
SYDNEY: Home security provider Scout Security Ltd (ASX: SCT) has signed a Non-Binding Letter of Intent (LOI) outlining the terms for its potential acquisition of home security technology company Roo Inc as a merger of equals. Roo Inc is the holding company for Kangaroo, a New York-based DIY home security technology company. Like Scout, Kangaroo…
IMI plc has acquired TWTG Group B.V. for €25 million
LONDON: IMI plc has acquired TWTG Group B.V., a leader in smart connected asset monitoring solutions for process industries based in Rotterdam, the Netherlands. TWTG will become part of IMI’s Process Automation sector. The acquisition of TWTG is fully aligned to IMI’s strategy and purpose, Breakthrough engineering for a better world. TWTG’s exceptional portfolio of…
J Sainsbury sells cards portfolio of Argos Financial Services to NewDay Group
LONDON: J Sainsbury PLC announced the sale of the Argos Financial Services (AFS) cards portfolio to NewDay Group. The AFS cards support around 20 percent of Argos sales and are held by around two million Argos customers who use Argos credit to manage the cost of their purchases. The purchase price for the portfolio acquisition…
Coca-Cola HBC reports strong Q3 growth with 13.9% increase in organic revenue
LONDON: Coca-Cola HBC AG has announced its Q3 2024 trading update, highlighting strong organic revenue growth of 13.9% for the quarter and 13.7% year-to-date. The company saw a 4.0% increase in organic volumes, with notable growth in Sparkling (3.9%), Energy (28.0%), and Coffee (35.6%) categories. Organic revenue per case rose by 9.5%, driven by targeted…
Commissioning of two hybrid solar and battery storage projects in Australia
LONDON: VH Global Sustainable Energy Opportunities plc has completed the construction and commissioning of two solar and storage hybrid systems in Australia. The assets comprise solar PV sites with DC-coupled two-hour 4.95MW battery energy storage systems (“BESS”) situated in New South Wales. Following the completion of these two sites, the operational portion of the Company’s…
Samsung announces USD 47.9 billion capital expenditure plan for 2024
LONDON: Samsung Electronics Co., Ltd. announced on October 31, 2024, a capital expenditure plan of approximately KRW 56.7 trillion ($47.9 billion) for the year. The investment aims to boost the competitiveness of its key businesses. The total planned capital expenditure includes KRW 47.9 trillion for Device Solutions and KRW 5.6 trillion for Samsung Display Corp….
nCino has agreed to acquire FullCircl
LONDON: nCino, the NASDAQ listed US digital banking platform, has agreed to acquire FullCircl, the RegTech platform and a portfolio investment of the Augmentum Fintech plc (LSE: AUGM). The transaction implies a valuation of the Company’s investment in FullCircl of £6.0 million subject to final adjustments, which represents a 75% increase on the last published…
Mercury NZ announces leadership changes to drive new three-year goals
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…
Nexus Infrastructure has acquired Coleman Construction & Utilities Limited for £5.38 million
LONDON: Nexus Infrastructure Plc (AIM: NEXS), a leading provider of essential infrastructure solutions, announced the acquisition of Coleman Construction & Utilities Limited, a civil engineering & construction business with experience in several key sectors including water, rail, highways, and rivers & marine, for a total consideration of up to £5.38m. The Group also provides an update…
Bridgepoint Advisers offers to acquire Eckoh Plc for £169.3 million
LONDON: Bridgepoint Advisers and Eckoh have agreed on terms for a recommended cash acquisition of Eckoh’s entire share capital by Bridgepoint’s Bidco. Eckoh shareholders will receive 54 pence per share, valuing the company at approximately £169.3 million. This offer represents a premium of 11.34% to the closing price on August 21, 2024, and higher percentages…
Thor Energy signs deal to acquire 80.2% of Australia-based explorer, Go Exploration Pty Ltd
LONDON: Thor Energy Plc (AIM, ASX: THR, OTCQB: THORF) has entered into a binding acquisition agreement to acquire 80.2% of the issued share capital of Go Exploration Pty Ltd, an Australian-based natural hydrogen and helium explorer. The acquisition will be satisfied by issuing 466,462,584 new ordinary shares in Thor Energy, with 70% of these shares…