COPENHAGEN: Danish energy company Ørsted has completed the sale of a 24.5% stake in the West of Duddon Sands Offshore Wind Farm to Schroders Greencoat for £456.1 million (approximately DKK 4 billion). The transaction, part of Ørsted’s partnership and divestment program, was finalized on April 30, 2025. Located 14 kilometers off the UK’s west coast,…
Aquila European Renewables announces sale of Portuguese hydropower interest
LONDON: Aquila European Renewables plc (AERI), a London-listed investment company advised by Aquila Capital Investmentgesellschaft mbH, has announced the sale of its 18% stake in the Portuguese hydropower asset Sagres. The sale comes as part of the company’s ongoing managed wind-down process approved by shareholders in September 2024. AERI’s board revealed on Wednesday that it…
Tow4Tech raises $1.5 million in pre-seed funding to transform commercial-fleet towing
Tow4Tech, a pioneering SaaS-based platform aimed at modernizing the commercial-fleet towing industry, has secured $1.5 million in pre-seed funding. The investment round was led by BrightCap Ventures, an early-stage venture capital firm headquartered in Sofia, Bulgaria, an emerging technology hub in Europe. With the commercial-fleet towing sector valued at approximately $12 billion, Tow4Tech is focused on streamlining…
Amazon new Kindle Paperwhite launched in India with upgraded features
NEW DELHI: Amazon unveiled the latest edition of its Kindle Paperwhite in India on Wednesday, boasting faster performance and enhanced display features. The U.S.-based tech giant claims the new Kindle Paperwhite offers 25% quicker page turns, improving the reading experience. The device features a 7-inch waterproof display with a 300 ppi resolution, utilizing an oxide thin-film transistor for higher…
Ofgem unveils transformational regulatory framework for local electricity networks
LONDON: Britain’s energy regulator, Ofgem, has announced a sweeping new regulatory framework aimed at revolutionizing local electricity networks as part of the nation’s transition to clean power. The blueprint, unveiled Wednesday, sets the stage for a five-year funding period beginning in 2028 and is expected to drive a historic expansion in the country’s electricity distribution…
BUNZL announces acquisitions in Chile and The Netherlands
LONDON: Bunzl plc, the specialist international distribution and services Group, today announces that it has signed an agreement to acquire a business in Chile and has completed the acquisition of a business in the Netherlands. Bunzl has entered into an agreement to acquire Hospitalia, one of the largest healthcare distributors in Chile. The business distributes…
Jade Biosciences merges with Aerovate Therapeutics
LONDON: RTW Biotech Opportunities Ltd , the London Stock Exchange-listed investment company focused on identifying transformative assets with high growth potential across the life sciences sector, announcement by one of its portfolio companies, Jade Biosciences (“Jade”), of the closing of its merger with Aerovate Therapeutics (“Aerovate”). The combined company will operate as “Jade Biosciences, Inc.” and…
Qben Infra appoints Fredrik Arpe as interim CEO
STOCKHOLM: The Board of Directors of Qben Infra AB has appointed Fredrik Arpe as interim CEO, effective today. He succeeds Leif Chr. Salomonsen, who is leaving his position. Fredrik Arpe has been a Member of the Board of Directors of Qben Infra since 2023. He has extensive experience from leadership roles within the construction and real estate industry,…
Earnix acquires Zelros to expand AI capabilities in insurance and banking
PARIS: Earnix, a leading provider of Dynamic AI solutions for the insurance industry, announced Tuesday that it has signed a definitive agreement to acquire Zelros, a pioneer in generative AI for insurers and banks. The acquisition will integrate Zelros’s generative AI recommendation engine with Earnix’s predictive AI platform, enhancing risk decisioning, personalization, and claims processes across…
Adidas says U.S. tariffs will force price hikes
HERZOGENAURACH: Sportswear giant Adidas said Tuesday that U.S. tariffs imposed by the Biden administration will lead to higher prices for all its products in the American market, though the company has yet to determine the exact increase. Despite a sharp rise in first-quarter profits, Adidas said ongoing global trade disputes prevented it from raising its…
Westpac appoints Carolyn McCann as acting Chief Executive – Consumer
LONDON: Westpac has announced the appointment of Carolyn McCann as Acting Chief Executive, Consumer, effective 12 May 2025. Ms McCann is Group Executive, Customer & Corporate Services and will be seconded to lead the Consumer division while an external search is underway for a permanent replacement for outgoing Chief Executive Jason Yetton. “Carolyn is an outstanding executive…
Entain plc appoints Stella David as permanent CEO
LONDON: Entain plc (LSE: ENT), the global sports betting and gaming group, announces that Stella David has been appointed as permanent Chief Executive Officer (“CEO”), effective immediately. Pierre Bouchut, Interim Chair of Entain, said: “The Board is delighted to have appointed Stella as CEO. She is an accomplished and commercial business leader with a long…