LONDON: Logistics Development Group released its audited final results for the fiscal year ending on November 30, 2023. The company has reported an underlying EBIT of a loss of £12.0 million, a stark contrast to the previous year’s profit of £1.1 million. Similarly, the loss before tax stands at £10.7 million, down from a profit…
Sirius Real Estate bought Vantage Point Business Village in Gloucestershire for £48.25 million
LONDON: Sirius Real Estate, a prominent player in the German and UK business park sector, has marked its first UK property acquisition this year with the purchase of Vantage Point Business Village in Gloucestershire for £48.25 million (€56.4 million), reflecting a 10.2% initial yield. This move follows the company’s £147 million capital raise last November….
Apollo will purchase $8 billion of senior secured financing facilities from UBS
LONDON: UBS (NYSE:UBS) and Apollo today announced that they have entered into an agreement pursuant to which ATLAS SP has concluded its Transition Services Agreement with UBS and UBS will close out its Investment Management Agreement with Atlas. As part of this agreement, Apollo will purchase USD 8 billion of senior secured financing facilities from…
Diploma Plc to acquire Peerless Aerospace Fastener for £236m
LONDON, UK: Diploma PLC (LON:DPLM), the international value-add distribution group, announced the proposed acquisition of Peerless Aerospace Fastener LLC, a market-leading distributor of specialty fasteners into the US and European aerospace markets for ca. £236m ($300m). Peerless is one of the largest independent value-added distributors of aerospace fasteners with a strong reputation for quality and…
Multifamily insurance firm, Sertis secures $3.2 million in seed funding
Sertis, a burgeoning name in the insurance industry, has successfully closed a seed funding round securing$3.2 million, signaling strong investor confidence in its innovative approach to the multifamily insurance market. CEO Mark Gardella announced the news, highlighting the significance of this financial milestone in validating the company’s strategic business model and its forward-thinking vision. The…
Bowman Consulting Group sets public offering price at $34.00 per share
Bowman Consulting Group Ltd. (NASDAQ: BWMN), a prominent player in the engineering and infrastructure services sector, has announced the pricing of its public offering at $34.00 per share.The offering comprises 1,323,530 shares issued by Bowman, alongside 147,058 shares from key insiders: President and CEO Gary Bowman, and Executive VP and COO Michael Bruen. The company…
KNAV merges with Singapore’s Natarajan & Swaminathan
KNAV, a global accounting and advisory firm, has merged with Natarajan & Swaminathan, a distinguished audit firm in Singapore with a 70-year legacy. This strategic merger aims to enhance KNAV’s local operations and broaden its regional influence. Natarajan & Swaminathan is celebrated for its exceptional audit and tax services, and its team’s deep understanding of…
Savor Limited announces robust financial outlook and strategic banking shift
AUCKLAND: Savor Limited (NZX: SVR), New Zealand’s leading hospitality entity, has released its year-end financial forecast, showcasing a remarkable turnaround and strategic banking developments. Financial Resurgence Post-Pandemic Savor Limited has reported that the fiscal year 2024 marks its first reporting period free from the influences of the Moa business divestment and the COVID-19 pandemic.The company…
Simble Solutions Limited appoints Fadi Geha as new CEO
SYDNEY: Simble Solutions Limited (ASX:SIS), a leading global provider of sustainability solutions, has announced the appointment of Mr. Fadi Geha as its new Chief Executive Officer, effective March 26, 2024. The company, known for its innovative software products and consulting services aimed at achieving Net Zero carbon emissions, welcomes this strategic move at a crucial…
Alibaba plans to buy remaining 36% of Cainiao for $3.75 billion
Alibaba Group has offered to buy the 36% of Cainiao it does not already own for up to $3.75 billion, abandoning plans for an initial public offering (IPO) of the logistics business in Hong Kong. In the Chinese e-commerce giant’s latest reversal of its restructuring plan, Alibaba, which holds a stake of around 64% in…
Canva acquires Affinity to expand visual communication tools
Canva, the world’s only all-in-one visual communication platform, has announced today the acquisition of Affinity, the award-winning creative software suite for professional-level photo editing, illustration, graphic design, and page layout. The acquisition significantly strengthens Canva’s vision of creating the most comprehensive set of visual communication tools in the world, a news release said. While the…
Apple’s WWDC 2024 in June: Unveiling the Future of AI and VR
Apple has just dropped the dates for its epic WWDC event, happening from June 10 to June 14. Get ready to stream the action live on Apple’s website, and for a lucky few, there’s an exclusive invite to kick things off at Apple HQ! This year’s WWDC is buzzing with anticipation for Apple’s big reveal…