LONDON: Manx Financial Group (AIM:MFX) has brought forward the acquisition of the remaining 49.9% interest in Payment Assist Limited. The transaction was completed on 13 September 2024. From this date, the Group will hold 100% of Payment Assist and fully consolidate Payment Assist’s trading results. On 16 May 2022, the Group announced an agreement to…
Netcall plc buys Parble, provider of document processing software, for €8.7mn
LONDON: Netcall plc (AIM: NET), a leading provider of intelligent automation and customer engagement software, announced the acquisition of Smart & Easy NV (trading as Parble), a provider of intelligent document processing software. The total consideration for the acquisition is up to €8.7 million, comprising an initial cash consideration of €4.7 million and an earnout…
JTC to acquire Citi Trust, a fiduciary and trust administration services business, for $80million
LONDON: JTC, the global professional services provider, announced the proposed acquisition of the global fiduciary and trust administration services business (Citi Trust) from Citigroup Inc. for a total consideration of $80million. The acquisition is subject to customary regulatory approvals in all relevant jurisdictions and is expected to complete in H1 2025. The acquisition will be…
Commodities Market Sees Significant Gains: Silver and Platinum Lead the Surge
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Currency Market Weekly Recap: Dollar Index Dips, USD/JPY Sees Significant Drop
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Flutter Entertainment Brazilian operator of Betnacional, NSX Group, for $350 million
LONDON: Flutter Entertainment (NYSE:FLUT), the world’s leading online sports betting and iGaming operator, today announced the acquisition of an initial 56% stake in NSX Group, a leading Brazilian operator of the Betnacional brand for cash consideration of approximately $350 million. The transaction fully aligns with Flutter’s strategy to invest in leadership positions in international markets, securing a…
National Grid to sell its Electricity System Operator (ESO) for £630 million
LONDON: National Grid plc has reached agreement with HM Government on the terms of the sale of National Grid’s Electricity System Operator (ESO) for an enterprise value of £630 million. The final cash consideration will be subject to customary closing adjustments (including for timing differences). The transaction is an important milestone for the creation of the…
GNEXT appoints Air Link as premium partner to expand Apple products availability in Pakistan
KARACHI: GNEXT, the Apple Authorized Distributor for Pakistan, has announced the appointment of Air Link Communication Limited as its Premium Partner. This strategic collaboration aims to significantly enhance the availability of Apple products across the country, providing customers with greater access to the latest innovations through a structured retail channel. Shahid Khan, CEO of GNEXT…
Brooks Macdonald to sell Brooks Macdonald Asset Management to Canaccord for £50.85 million
LONDON: Brooks Macdonald Group plc has entered into a binding agreement with Canaccord Genuity Wealth (International) Holdings Limited to sell its wholly owned subsidiary, Brooks Macdonald Asset Management (International) Limited and its subsidiaries (BMI), for a total consideration of up to £50.85 million, including an initial consideration of £28 million payable in cash. Completion is expected by…
LendInvest signs £1.5 billion funding agreement with JP Morgan
LONDON: LendInvest plc (AIM: LINV), the UK’s leading platform for mortgages, announces that it has extended its existing Separate Account with JP Morgan by an additional £500 million to £1.5 billion. This funding will be used to support the growth of LendInvest’s Mortgages proposition. As a result, LendInvest now has more than £4.55 billion of…
Apple unveils iPhone 16, Huawei follows with trifold Mate XT launch
Apple on Monday unveiled its long-awaited, artificial intelligence-boosted iPhone 16 and promised improvements in its Siri personal assistant as it rolled out new software, beginning in test mode next month. “The next generation of iPhone has been designed for Apple Intelligence from the ground up. It marks the beginning of an exciting new era,” Chief…