WELLINGTON: New Zealand’s four largest electricity generators, Genesis Energy, Mercury, Meridian, and Contact, are considering market options to bolster the nation’s energy security, in response to the challenging market conditions experienced during winter 2024. The country faced a critical shortage of energy supply due to a rapid decline in natural gas reserves, low hydro lake…
Zeta secures $50 million investment, valued at $2 billion
Zeta, a global next-generation banking technology provider, announced today that it has secured a $50 million investment from a strategic investor, valuing the company at $2 billion. Previously, Zeta was valued at $1.15 billion following a $250 million investment from Softbank Vision Fund 2 and other marquee investors in 2021. “We are incredibly excited at…
EssilorLuxottica acquires Canadian start-up Cellview Imaging Inc.
PARIS: EssilorLuxottica, a leading global eyewear company, has acquired Cellview Imaging Inc., a Canadian start-up specializing in innovative retinal diagnostic imaging, as part of its ongoing commitment to elevate industry standards and improve the quality of vision care. The acquisition aims to expand EssilorLuxottica’s portfolio of ophthalmic instruments and solutions, marking a significant step in its…
Transparency International’s 2024 Corruption Perceptions Index: Western Europe Faces Declining Scores
BERLIN: Transparency International released the 2024 Corruption Perceptions Index (CPI), revealing a significant decline in scores for Western Europe at a pivotal time. The report highlights the pervasive nature of corruption and the urgent need for stronger measures to combat it. The CPI, which ranks 180 countries by their perceived levels of public sector corruption, underscores the…
Dunelm Group CEO Nick Wilkinson announces retirement
LONDON: Nick Wilkinson, the Chief Executive Officer of Dunelm Group plc, has announced his decision to retire from his role and full-time executive life after seven years at the helm of the UK’s leading homewares retailer. The Board of Dunelm will begin a comprehensive recruitment process to find Wilkinson’s successor, considering both internal and external…
Power Metal Resources announces partial sale of GMET stake for £9.2 million
LONDON: Power Metal Resources PLC (AIM:POW, OTCQB:POWMF) has announced its intent to partially divest its stake in Guardian Metal Resources PLC (GMET). The exploration company has reached an agreement with UCAM Ltd for the proposed transaction. UCAM Ltd is set to purchase 29,758,334 shares in GMET and warrants over 986,352 ordinary shares in GMET, valued…
Fintel announces executive leadership changes
LONDON: Fintel plc (AIM: FNTL), a leading provider of fintech and support services to the UK retail financial services sector, announced changes to its executive leadership structure today. Joint CEO Neil Stevens will step down from his role on June 30, 2025, and will not seek re-appointment to the Board of Directors at the upcoming…
Goldman Sachs Alternatives acquires majority stake in Trackunit from Hg and GRO Capital
LONDON: Trackunit, a leading global SaaS and operating data platform provider for the construction industry, announced that Goldman Sachs Alternatives will acquire a majority stake in the company from funds advised by Hg and GRO Capital. This investment marks the next phase in Trackunit’s growth, aligning with its mission to eliminate downtime in construction and…
Hercules Site Services has divested its Suction Excavator business
LONDON: Hercules Site Services plc (AIM: HERC), a leading technology enabled labour supply group for the UK infrastructure and construction sectors, has successfully divested its Suction Excavator business. The Company’s Suction Excavator subsidiary has been sold to SNC Holdings (NW) Limited, for a total cash consideration of £2.4m. The divestment will materially reduce the Company’s…
Novonesis to acquire Feed Enzyme Alliance from dsm-firmenich for EUR 1.5 billion
Novonesis has reached an agreement with dsm-firmenich to dissolve the Feed Enzyme Alliance and take over its sales and distribution activities, in a deal worth EUR 1.5 billion. This move comes after more than 25 years of successful collaboration, driven by a strategic repositioning at dsm-firmenich. Novonesis CEO Ester Baiget expressed excitement over the acquisition,…
Novartis signs agreement to acquire Anthos Therapeutics for $925 million upfront
LONDON: Novartis has entered into an agreement to acquire Anthos Therapeutics, Inc., a Boston-based, clinical-stage biopharmaceutical company. Under the agreement, Novartis will pay USD 925 million upfront, with potential additional payments of up to USD 2.15 billion upon achieving regulatory and sales milestones. The transaction is expected to close in the first half of 2025,…
Orion Minerals names Kevin Moxham as new COO
SYDNEY: Orion Minerals Limited (ASX/JSE: ORN) announced the appointment of Kevin Moxham as its new Chief Operating Officer, effective from February 10, 2025. Moxham’s appointment marks a critical juncture for the company, as it gears up to transition from exploration to mine development in South Africa’s Northern Cape region. Moxham brings 40 years of experience…