LONDON: ITM Power and Deutsche Bahn AG (DB) have entered into an agreement to collaborate on sustainable transportation and infrastructure, focusing on green energies such as hydrogen and its derivatives. DB, one of Europe’s largest transportation companies and railway operators, aims to achieve climate neutrality by 2040. As part of its decarbonization strategy, DB plans to transition…
SSE Plc names Martin Pibworth as Chief Executive designate
LONDON: SSE plc has appointed Martin Pibworth as its next Chief Executive, set to formally assume the role following the company’s Annual General Meeting on July 17, 2025. The announcement follows current Chief Executive Alistair Phillips-Davies CBE’s decision to retire, which was announced in November 2024. Pibworth, who joined SSE in 1998, brings decades of experience to…
WH Smith sells UK High Street business for £76 million
Completion of Sale LONDON: WH Smith PLC, a leading British retailer, has announced the sale of its UK High Street business to Modella Capital for an enterprise value of £76 million, creating a focused global travel retail enterprise. The transaction is expected to close by the end of the company’s fiscal year. The sale includes cash…
Workato acquires DeepConverse to enhance AI-driven customer support solutions
Workato, a leader in enterprise orchestration, announced Thursday its acquisition of DeepConverse, a platform specializing in generative AI-based support automation. The purchase aims to strengthen Workato’s capabilities in AI-driven customer service automation. DeepConverse, founded in 2016, is known for its expertise in AI-powered search and customer support automation. By joining forces with Workato, the company seeks to…
Braze announces agreement to acquire OfferFit for $325 million
Braze Inc. (Nasdaq: BRZE), the leading customer engagement platform, has entered into a definitive agreement to acquire OfferFit, an AI decisioning company, in a deal worth $325 million. The transaction, announced Friday, remains subject to customary closing adjustments. AI decisioning agents, known for their ability to autonomously experiment, learn, and deliver personalized experiences, are at…
Corporate Travel Management CEO Greg McCarthy set to step down
SYDNEY: Corporate Travel Management (ASX: CTD) on Friday announced a leadership change for its Australia and New Zealand division, with current CEO Greg McCarthy set to step down on June 30, 2025. Jo Sully, a former General Manager and Regional Vice President for Asia-Pacific at American Express Global Business Travel, will succeed McCarthy. Sully will…
Woodside divests Greater Angostura assets to Perenco for $206 million
TRINIDAD AND TOBAGO: Woodside Energy has announced the sale of its Greater Angostura assets in Trinidad and Tobago to Perenco, an independent hydrocarbon producer, for $206 million. The deal includes Woodside’s stakes in the shallow water Angostura and Ruby offshore oil and gas fields, along with associated production facilities and an onshore terminal. The transaction, expected to…
Mobile Streams announces Estadio Gana launch in Mexico
LONDON: Mobile Streams Plc announced the successful launch of Estadio Gana, an online casino and sportsbook brand, in Mexico. The platform, previously referred to as “Bet” by MOS shareholders, is now live at www.estadiogana.mx following a VIP testing phase. The state-of-the-art sportsbook and casino platform is set to captivate Mexican sports enthusiasts and gaming fans with its cutting-edge offerings….
Warehouse REIT Board signals potential acceptance of Blackstone Europe offer
LONDON: Warehouse REIT PLC announced Monday that its Board received a final indicative, non-binding proposal from Blackstone Europe LLP on behalf of affiliated investment funds for a possible all-cash offer to acquire its share capital. The proposed offer of 115 pence per share values Warehouse REIT at approximately £489 million and reflects a premium of up to…
LondonMetric Property agrees to acquire Highcroft Investments
LONDON: LondonMetric Property (LSE: LMP) announced Thursday its agreement to acquire Highcroft Investments PLC (TISE: HCFT) through an all-share offer. The acquisition will be effected via a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. Under the terms of the deal, Highcroft shareholders will receive 4.65 new LondonMetric shares for each Highcroft share…
Drax and Power Minerals to establish facility for processing pulverised fuel ash
LONDON: Drax Power Limited has entered into a 20-year joint venture agreement with Power Minerals Limited (PML) to establish a cutting-edge facility for processing pulverised fuel ash (PFA) into supplementary cementitious material (SCM). This innovative material will lower the carbon footprint of cement production, offering a sustainable solution for the construction industry. The facility will be located…
Block Energy acquires stake in Georgia’s XIQ production sharing contract
Block Energy plc (AIM: BLOE), a production and development company, has acquired a 10% participating interest in the XIQ Production Sharing Contract (PSC) in Georgia, with the option to increase its stake to 22%, the company announced Thursday. The XIQ licence is highly promising, with estimated mean unrisked recoverable resources of 451.5 million barrels (MMbbl) of…