LONDON: Global Connectivity plc (AQSE: GCON), a company that focuses on enhancing communication services and technologies, has announced a significant capital investment. On 15 January, shareholders injected a further £6,198,805 into Voneus Limited, a leading UK broadband provider. This investment includes their stake in Rural Broadband Solutions Holdings Limited (RBSHL) and PLUG Group Limited. Previously,…
American Axle & Manufacturing Holdings and Dowlais Group agree to merge
LONDON: American Axle & Manufacturing Holdings Inc. (AAM) and Dowlais Group have reached an agreement on the terms of a recommended cash and share offer by AAM for Dowlais’ entirety of issued and to-be-issued ordinary share capital, marking a significant merger for both companies. The merged entity, referred to as the Combined Group, will emerge…
hVIVO acquires CRS units for €10 million
LONDON: hVIVO plc, a leading human challenge clinical trials organization, has acquired two clinical research units from German CRO CRS Clinical Research Services Management GmbH for €10 million. The Mannheim and Kiel units, known for cardiometabolic, immunology, and renal trials, add 120 beds to hVIVO’s capacity. The acquisition enhances hVIVO’s Phase I and II trials…
Chinese AI startup DeepSeek rivals OpenAI with breakthrough model
DeepSeek limits registrations due to cyber attack What is DeepSeek? DeepSeek aims to develop AI technologies similar to OpenAI’s ChatGPT and Google’s Gemini. By 2021, the startup had acquired thousands of computer chips from U.S. chipmaker Nvidia, crucial for creating powerful AI systems. Who is Liang Wenfeng? High-Flyer, a top-performing Chinese quantitative hedge fund, founded…
Polarean Imaging and SimonMed Imaging announce strategic collaboration
LONDON: Polarean Imaging plc (AIM: POLX), a leader in advanced medical imaging focused on functional MRI of the lungs, has announced a strategic collaboration with SimonMed Imaging, one of the largest outpatient medical imaging providers in the United States, to expand access to Polarean’s cutting-edge Xenon MRI platform. SimonMed Imaging operates over 170 facilities across…
Foresight Group expands through strategic acquisitions and appointments
LONDON: Foresight Group Holdings Limited, a prominent investment manager, has announced several significant developments that will expand its assets under management by over £800 million. Acquisition of WHEB Asset Management Foresight has acquired the trade and assets of WHEB Asset Management LLP, a leader in impact investing based in London. WHEB’s team, including its management,…
Anders Lundstrom appointed CEO of Shield Therapeutics
LONDON: Shield Therapeutics plc (LSE: STX), a commercial stage pharmaceutical company specialising in iron deficiency, announces that Anders Lundstrom has been appointed as Chief Executive Officer (CEO) with effect from 01 February 2025. Anders joined the Board of Shield in May 2021 and was appointed as interim Chief Executive Officer on 24 July 2024. He…
Diversified Energy to acquire Maverick Natural Resources for $1.275 billion
LONDON: Diversified Energy (LSE: DEC; NYSE: DEC), today announced that it has entered into a definitive agreement to acquire Maverick Natural Resources, a portfolio company of EIG for total consideration of approximately $1,275 million. The acquisition combines two complementary asset packages, pairing high-quality Proved Developed Producing weighted production assets with the lowest corporate decline and…
Public Policy Holding to acquire TrailRunner International LLC in $33 million deal
LONDON: Public Policy Holding Company, Inc. (AIM: PPHC), a leading government relations and public affairs group, has announced the acquisition of TrailRunner International LLC, a global communications advisory firm based in Texas. The $33 million transaction, finalized on January 24, 2025, is expected to be immediately accretive to PPHC’s earnings. The acquisition will enhance PPHC’s…
Esyasoft agrees to acquire Good Energy in £99.4 million deal
LONDON: Esyasoft and Good Energy have reached an agreement on the terms of a recommended cash offer by Esyasoft for the entire issued and to be issued ordinary share capital of Good Energy, the companies announced Monday. The transaction will be carried out through a Court-sanctioned scheme of arrangement under Part 26 of the Companies…
Matternet get approval for drone deliveries in Saudi Arabia
RIYADH: Matternet, the world’s leading developer of urban drone delivery systems, announced Monday its M2 drone has been approved for operations in Saudi Arabia. The Kingdom’s General Authority of Civil Aviation (GACA) granted the certification after determining the M2’s Federal Aviation Administration (FAA) Type Certification issued by the U.S. met GACA airworthiness standards. Matternet received…
Commonwealth Bank of Australia sells stake in Bank of Hangzhou
SYDNEY: The Commonwealth Bank of Australia (CBA) has announced it has signed a binding sale agreement to divest its remaining 5.45% shareholding in Bank of Hangzhou Co., Ltd (HZB) to New China Life Insurance Co., Ltd (NCI). NCI is a Beijing-headquartered life insurance company with listings on both the Shanghai and Hong Kong stock exchanges….