LONDON: The Board of Aston Martin today announced the appointment of ultra-luxury automotive leader Adrian Hallmark, who will join Aston Martin as an Executive Director of the Company and its Chief Executive Officer no later than 1 October 2024. Hallmark, aged 61, will join Aston Martin from his recent position as Chairman and Chief Executive…
N.I Group acquires Banefjell AS and SLAM Jernbaneteknikk for NOK 108.3m
OSLO, NORWAY: ININ Group’s subsidiary Nordic Infrastructure Group AS (N.I Group) has today signed the share purchase agreements to acquire 100 percent of the shares in Norwegian railway contractors Banefjell AS, and SLAM Jernbaneteknikk AS. “The acquisition of Banefjell strengthens Nordic Infrastructure Group’s position in south-west Norway, and will enable us to jointly take on…
X5 Retail Group announces stellar performance amid market challenges
AMSTERDAM – X5 Retail Group N.V., a dominant player in the Russian food retail market, has released its 2023 Annual Report, showcasing a year of robust growth and strategic achievements despite market volatility. CEO Igor Shekhterman highlighted the company’s resilience and commitment to excellence, which were evident in the impressive financial results and expansion milestones…
TotalEnergies restarts gas production from Tyra hub in the Danish North Sea
PARIS: TotalEnergies announced the restart of production from the Tyra hub in the Danish North Sea, after the completion of a major redevelopment project of this hub. At plateau, the Tyra hub will produce 5.7 million cubic meters of gas and 22,000 barrels of condensate per day, once again making Denmark self-sufficient and a net…
S-Ventures secures £2 million in new loans amidst strategic financial maneuvers
LONDON, UK: In order to bolster its portfolio of natural, wellness, and food-tech brands, S-Ventures plc has announced securing new loans totaling £2 million. The investment company, known for nurturing promising brands, has obtained £1 million each from Riverfort Global Opportunities plc and Sherwood International Holdings Ltd, the latter being an existing shareholder. The 12-month…
James Fisher and Sons to sell RMSpumptools to ChampionX UK for £90 million
LONDON, UK: James Fisher and Sons plc (FSJ.L) has entered into an agreement for the sale of the entire issued share capital of RMSpumptools Limited (RMS) to ChampionX UK Limited, a wholly-owned subsidiary of ChampionX Corporation for a total enterprise value of £90 million. It is in line with James Fisher’s strategy to simplify and…
Navigator Paper UK offers to acquire Accrol Group Holdings for £127.5 million
LONDON, UK: Navigator Paper UK Limited, a subsidiary of The Navigator Company has agreed to takeover Accrol Group Holdings plc in an all-cash transaction. The transaction is valued at approximately £127.5 million and will be executed via a Court-sanctioned scheme of arrangement, with an alternative Takeover Offer as a reserved option. Accrol shareholders are set…
HPI announces major assets sale and capital investment program
SYDNEY , AUSTRALIA: HPI has announced the sale of four key assets to Australian Venue Co. for a total consideration of $48.6 million. The sale, structured in two tranches, will see the immediate reinvestment of proceeds into a capital investment program aimed at upgrading other properties within HPI’s portfolio. The transaction is set to deliver…
How does PayPal work? A Financial Perspective
PayPal is a digital payment platform that allows users to conduct transactions online without entering their financial details into every website they deal with. You can link your credit card and/or bank account to the platform, then use it to shop at retailers who accept PayPal, send money to other users, or manage your finances…
Substrate AI to raise €10 million for subsidiary Subgen AI at €200 million valuation
LONDON, UK: Substrate AI (SAI/SAI.B) has entered into an agreement with the FINRA-regulated Californian investment bank, GT Securities, to identify potential investors or partners for its subsidiary, the generative artificial intelligence company Subgen AI Ltd and raise at least €10 million. The agreement valued Subgen AI at €200 million and the investment round will be…
CS:GO Skins: A Pro Gamer’s Ultimate Guide
In the vibrant realm of gaming, CS:GO skins have emerged as a cultural phenomenon, transcending mere aesthetic enhancements to become a symbol of status and identity among gamers. The allure of these skins has spawned a bustling market, where the right platform can make all the difference in buying the skins that not only look…
Blue Star Capital reports significant loss amidst investment write-downs
LONDON, UK: Blue Star Capital plc (AIM: BLU), a prominent investment firm specializing in esports, technology, and related media and gaming sectors, has disclosed its annual financial results for the year concluding on September 30, 2023. The company reported a substantial pretax loss of £6,329,473, a stark increase from the previous year’s £1,301,008. The considerable…