In the digital age, the power to tailor your media consumption to your personal preferences and lifestyle is more than a luxury—it’s a necessity. With the overwhelming influx of content available at our fingertips, having control over what, when, and how we consume media is paramount. This control allows us to curate our digital environment…
Fix Price Group posts 8.8% increase in revenue during first quarter 2024
LONDON: Fix Price Group PLC, a global leader in the variety value retail sector and the largest of its kind in Russia, has released its Q1 2024 financial figures, showcasing significant growth despite economic headwinds. For the first quarter ending March 31, 2024, the company reported an 8.8% year-over-year increase in revenue, reaching a robust…
X5 acquires Nice Ice ready-to-eat food business in Leningrad
MOSCOW: X5 Group (LSE: FIVE), a leading Russian food retailer, announced the acquisition of the Nice Ice ready-to-eat food business in the Leningrad Region. The Company has obtained the relevant permit from a government commission. As part of the deal, X5 will take over ownership of a 4,200-square metre ready-to-eat food smart kitchen in the…
Wilmington plc has sold French healthcare business, APM, for €26 million
LONDON, UK: British Media Group, Wilmington plc (LSE: WIL), the provider of data, information, education and training in the global Governance, Risk and Compliance markets, has sold its French healthcare business, APM, for an enterprise value of €26 million in cash, subject to customary working capital adjustments, to Philia Medical Editions SAS, a subsidiary of…
Schneider Electric launches all-in-one battery energy storage system for microgrids
PARIS: In response to the growing need for energy resilience, Schneider Electric has launched a new Battery Energy Storage System (BESS), marking a significant advancement in microgrid technology. The BESS is designed to provide a robust and scalable solution for energy management and automation, ensuring efficient and safe storage of energy from diverse sources. Amidst…
Polaris Media sells 9.99% stake in Finn.no AS to Schibsted ASA for NOK 2.5 billion
OSLO, NORWAY: Polaris Media ASA has signed an agreement to sell its 9.99% stake in Finn.no AS to Schibsted ASA. Polaris Media has been a minority owner in FINN since its incorporation in 2000. The total transaction value in the agreement is NOK 2.5 billion on an equity basis. Schibsted will settle the transaction by…
GCP Infra secures exit from Blackcraig Wind Farm
LONDON: GCP Infra has successfully divested its loan note holdings in the Blackcraig Wind Farm, achieving a 6.4% premium over the project’s valuation as of 31 March 2024. The Blackcraig Wind Farm, a 52.9MW onshore facility situated in Dumfries and Galloway, Scotland, has been operational since May 2018 and enjoys the financial backing of Renewable…
ITM Power forms partnership with Hygen for industry growth
LONDON: ITM Power announced a partnership with Hygen, being appointed as their preferred supplier for Proton Exchange Membrane (PEM) electrolysers for hydrogen projects within the UK and across Europe. Hygen’s goal is to implement up to 200 MW of electrolyser projects over the coming years across the UK and wider Europe, utilising ITM technology and…
Solar Foods raises an additional EUR8 million in new financing
LONDON: Agronomics (LSE:ANIC), a leading listed company focused on the field of cellular agriculture, announced that portfolio company Solar Foods Oy has raised an additional EUR8 million in funding via Finnish investment organiser Springvest Oyj. This additional funding is a subsequent close to Solar Food’s Series B round which took place in November 2023, bringing…
Computershare to acquire BNY Trust Company of Canada for $63.7 million
SYDNEY: Computershare Limited (ASX:CPU) has entered into a definitive agreement to acquire the BNY Trust Company of Canada from BNY Mellon (NYSE:BK). BNY Trust Company of Canada was established in 2001 and is based in Toronto. With a portfolio of around 1,800 corporate trust mandates, the business provides a range of trust and agency services…
Austco Healthcare signs deal to acquire Amentco Enterprise Group for $10.6m
SYDNEY: Austco Healthcare Limited (AHC:ASX) has officially announced the signing of a Share Purchase Agreement to acquire Amentco Enterprise Group Ltd., a renowned provider in the industry and a certified reseller of Austco’s Nurse Call systems. The agreement, which aligns with the terms outlined in the previously announced Term Sheet, positions Austco to take over…
AI Unleashed: Navigating the New Frontier in Corporate IT
In an era where technology evolves at breakneck speed, the role of the Chief Information Officer (CIO) has never been more pivotal. The latest insights from Lenovo’s third annual global CIO report, titled “Inside the Tornado: How AI is Reshaping Corporate IT Today,” shed light on a significant shift in focus for these IT leaders….