PARIS: LACROIX has announced the sale of its City-Mobility segment to the SWARCO group, following exclusive negotiations that began on December 12. The transaction is expected to be completed in the first quarter of 2025. The sale includes the Traffic and V2X business units, which generated €27.3 million in revenue in 2023, representing 3.6% of…
UK’s cryptocurrency surge: FCA approved exchanges lead secure trading
The United Kingdom’s cryptocurrency landscape has experienced remarkable growth in recent years, establishing itself as a prominent global hub for digital asset adoption. According to recent data from the Financial Conduct Authority (FCA), approximately 7 million British adults—representing 12% of the nation’s adult population—currently hold cryptocurrency investments as of August 2024. Moreover, the FCA’s comprehensive…
UK government unveils AI opportunities action plan
LONDON: The UK Government has released its AI Opportunities Action Plan, presented to Parliament by the Secretary of State for Science, Innovation and Technology on January 13, 2025. The plan aims to secure the UK’s future with homegrown AI and highlights the rapid advancements in the field. A small number of companies at the forefront…
New Frontier Minerals forms strategic alliance with Austral Resources
LONDON: New Frontier Minerals Ltd (LSE and ASX: NFM) announced it has signed a Memorandum of Understanding (MOU) with Austral Resources Ltd (ASX: AR1). This strategic alliance aims to leverage their combined strengths across the Mt Isa copper belt to maximize exploration and mining potential from their expanded asset base. “This is an excellent outcome…
BSF Enterprise partners with Sartorius to advance sustainable biotech innovations
LONDON: BSF Enterprise (BSFE), through its subsidiary 3D Bio-Tissues (3DBT), is pioneering the biotech landscape with innovative scaffold-free tissue engineered materials and patented macromolecular crowders. These bio-inert additives, City-Mix™ for the alternative protein industry and CytoBoost™ for the biopharma sector, optimize cell growth without the need for expensive growth factors or animal serum, representing a…
Tritax Big Box acquires Heathrow data center site, forms power JV
LONDON: Tritax Big Box REIT plc has announced the acquisition of a 74-acre site within the Slough Availability Zone near Heathrow Airport. The site, known as the Manor Farm site, is a key location for data centers within the EMEA region. Simultaneously, Tritax has secured a 50% stake in a joint venture with a leading…
Argo Blockchain CEO Thomas Chippas is stepping down
LONDON: Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK) announced that Thomas Chippas is stepping down from his positions as Chief Executive Officer and Director effective 28 February 2025. Argo intends to engage an executive search firm to assist with the process of selecting a new Chief Executive Officer and will update the market in due…
Thungela Resources announces Moses Madondo as new CEO Designate
JOHANNESBURG: Thungela Resources Ltd. has announced a change in leadership as current CEO July Ndlovu is set to retire in 2025 upon reaching the company’s mandatory retirement age of 60. Ndlovu, who has been at the helm of Thungela, has been recognized for his exceptional leadership and extensive mining experience, which has contributed significantly to…
Predator Oil & Gas Holdings completes strategic investment in Bonasse Field
LONDON: Jersey-based Predator Oil & Gas Holdings Plc (PRD) has announced the completion of a strategic investment by T-Rex Resources (Trinidad) Limited (“TRex”), its wholly owned subsidiary, to acquire 51% of the issued share capital of CRL. This investment grants TRex a majority stake in CRL’s sole asset, the Bonasse Field in the SW Peninsular,…
NOVONIX announces CEO transition as Dr. Chris Burns steps down
BRISBANE: NOVONIX Limited (NASDAQ: NVX, ASX: NVX), a prominent battery materials and technology company, announced Tuesday that Dr. Chris Burns will step down as Chief Executive Officer, effective January 24, 2025. Dr. Burns will continue to support the company in an advisory role as Special Advisor to the Board of Directors to ensure a smooth…
Thrive Tribe Technologies names Jade Spooner as CEO
SYDNEY: Thrive Tribe Technologies Limited (ASX:1TT) has announced the appointment of Jade Spooner as the new Chief Executive Officer of the ITT Group of Companies and Brands, effective immediately. In her new role, Spooner will oversee the entire ITT Group, including the health and wellness social platform Kumu, the Kumu e-commerce marketplace, and the company’s…
Sealand Capital Galaxy appoints Dr. Thomas Sawyer as CEO
LONDON: Sealand Capital Galaxy Limited [LSE: SCGL], a leading IT, social media, and technology company, announced the immediate appointment of Dr. Thomas Sawyer, Ph.D., MBA, as Chief Executive Officer. Dr. Sawyer succeeds Ms. Elena Suet Sum Law, who will retire from her role as CEO and continue as Chairwoman of the Board. Dr. Sawyer is…