LONDON: The energy price cap is set to increase by 6.4% from April, the UK’s energy regulator Ofgem announced on Tuesday. This adjustment will be in effect for the period covering April to June 2025. According to Ofgem, the main driver behind the rise is a recent spike in wholesale prices, which account for approximately…
Staffline sells PeoplePlus Group to Talent International for £12 million
LONDON: Staffline Group (AIM: STAF.L), the recruitment and training group, has disposed of its wholly owned subsidiary, PeoplePlus Group Limited to Talent International (UK) Limited, a wholly owned subsidiary of Swipejobs Holdings, for cash consideration of £12.0m, which includes £2.0m of deferred consideration. The consideration is on a cash free, debt free basis and subject…
Heitman LLC acquires majority stake in Swedish self-storage operator Servistore
STOCKHOLM: Heitman LLC, a global real estate investment management firm, announced today the acquisition of a majority stake in Servistore, the third largest self-storage operator in Sweden. The transaction was made on behalf of Heitman’s European value strategy, furthering the firm’s investment in the growing global demand for self-storage. Servistore operates 31 sites, with 25…
Celsius Resources announces $76.4M loan for Philippine Copper-Gold Project
Sydney: Celsius Resources Limited (CLA) has revealed that its Philippine affiliate, Makilala Mining Company, Inc. (MMCI), has entered into a binding term sheet with Maharlika Investment Corporation (MIC) for a bridge loan facility of up to USD 76.4 million. This loan aims to fund MMCI’s Maalinao-Caigutan-Biyog Copper-Gold Project (MCB). The Facility will fully finance the…
EnergyPathways advances MESH energy storage project to boost UK’s clean energy transition
LONDON: EnergyPathways (AIM: EPP), an energy transition company, has announced significant progress on its MESH energy storage project, aligning with the UK government’s ambitious “Clean Power by 2030” target. The UK government aims to secure the nation’s power supply through a roadmap focused on rapidly deploying new clean energy sources and developing a flexible system…
National Grid sells U.S. renewables business to Brookfield
LONDON: National Grid plc announced today that it has reached an agreement to sell its National Grid Renewables U.S. onshore renewables business to Brookfield Asset Management and its institutional partners, including Brookfield Renewable Partners. The terms of the transaction imply an enterprise value for National Grid Renewables of $1.735 billion, with the final cash consideration…
Solvonis Therapeutics to acquire Awakn Life Sciences
LONDON: Solvonis Therapeutics plc announced Monday it has entered into an arrangement agreement to acquire Awakn Life Sciences Corp. The acquisition involves all issued and outstanding common shares, restricted share units, and deferred share units of Awakn. Solvonis will issue approximately 2.07 billion new ordinary shares as consideration, valuing Awakn at around £4.98 million (CAN$8.89…
XPS Pensions Group agrees to acquire Polaris Actuaries and Consultants Limited
LONDON: XPS Pensions Group has entered into an agreement to acquire the entire issued share capital of Polaris Actuaries and Consultants Limited, a highly regarded UK insurance consultancy business with a blue chip client base. The acquisition will materially accelerate the Group’s strategy of becoming a leading player in the fragmented UK Insurance Consulting market. …
Prosus N.V. to acquire Just Eat Takeaway.com
AMSTERDAM: Prosus N.V. (AEX and JSE: PRX), a global technology company, announced today that it has reached a conditional agreement to acquire Just Eat Takeaway.com (AMS: TKWY). The acquisition aims to create the fourth largest food delivery group globally. Prosus plans to acquire Just Eat Takeaway.com’s entire issued share capital for €20.30 per share through…
Mayfield Childcare appoints Daniel Stone as new CEO
MELBOURNE: Mayfield Childcare Limited (ASX:MFD) announced Tuesday the appointment of Daniel Stone as its new Chief Executive Officer, effective April 8, 2025. Stone will succeed Ashok Naveinthiran, who is set to retire on March 10, 2025. Stone joins Mayfield from TheirCare Pty Ltd, where he served as Chief Operating Officer and Deputy CEO. During his…
Spenda executes sale agreement for Invoice Finance business
PERTH: Spenda Limited (ASX:SPX), an innovative software company providing software and electronic payment solutions, announced on February 24, 2025, that it has agreed to sell its Invoice Financing portfolio to Grapple Invoice Finance Fund Pty Ltd for $2 million, subject to portfolio performance. The sale will result in the release of $2.3 million in first-loss…
Teaminvest Private Group acquires 50% stake in Brodersen Systems Asia Pacific
SYDNEY: Teaminvest Private Group Limited (ASX:TIP) announced on February 24, 2025, that its subsidiary, Automation Group Investments Pty Ltd (AG), has acquired a 50% interest in Brodersen Systems Asia Pacific Pty Ltd (BSAP), the local importing subsidiary of Danish automation solutions provider Brodersen A/S. Founded in 1969, Brodersen is a market leader in remote telemetry…