SYDNEY, AUSTRALIA: Sonic Healthcare Limited (ASX: SHL)has signed binding agreements to acquire the Dr Risch laboratory group. Dr Risch is a full-service medical laboratory group in Switzerland. Dr Risch employs around 650 staff in thirteen clinical laboratories across Switzerland and a laboratory in Vaduz, Liechtenstein. In CY 2023 the Swiss laboratories generated revenue of ~…
Ted Baker Faces Uncertain Future as Administrators Step In
The iconic British fashion label Ted Baker has been thrust into uncertainty as it calls in administrators, putting over 900 jobs in jeopardy. The brand’s owner, Authentic Brands Group, has cited significant financial damage during its partnership with the Dutch company AARC Group, which managed Ted Baker’s operations throughout Europe. According to Authentic Brands Group,…
Meta Slashes Subscription Fees Amid Privacy Regulation Tensions
Meta Platforms has announced a significant reduction in its monthly subscription fees for Facebook and Instagram across Europe. The revised pricing, now set at 5.99 euros—down from the previous 9.99 euros—reflects Meta’s response to the intensifying scrutiny from privacy watchdogs and antitrust regulators. This move is seen as an attempt to reconcile the company’s ad-based…
Energy demand to surge beyond population growth by 2050: CEO Kuwait Petroleum
At the CERAWeek by S&P Global energy conference, Shaikh Nawaf al-Sabah, CEO of Kuwait Petroleum Corporation, forecasted an energy demand trajectory that outpaces the anticipated population growth by 2050. This projection starkly contrasts with the prevailing belief that energy demand would reach its zenith within this decade. Al-Sabah highlighted the burgeoning energy needs of the…
Quadient and Stonegate Group expand UK parcel services to 400 new locations
PARIS: Stonegate Group – the UK’s largest pub company with a portfolio of more than 4,500 managed, leased and tenanted sites, including Yates, Slug and Lettuce, and Walkabout – has joined the Parcel Pending by Quadient Open Locker Network as a host partner. Quadient has already started rolling out its carrier-agnostic parcel lockers, with an…
Diageo to appoint Sir John Manzoni as Chair
LONDON, UK: Diageo today announced that current non-executive director Sir John Manzoni will be appointed Chair of the Board on or around 5 February 2025 when current Chair Javier Ferrán retires from the Board. Sir John Manzoni joined the Diageo Board in October 2020, having been Chief Executive of the UK Civil Service from 2014…
A. Sungailienė appointed as the new CEO of AB Ignitis Gamyba
LONDON: Asta Sungailienė has been appointed as the new CEO of AB “Ignitis gamyba” (hereinafter – the Company), a subsidiary of AB “Ignitis grupė” (hereinafter – the Group). Her five-year term starts on 27 March. She will replace the previous CEO, Rimgaudas Kalvaitis, at the end of his term. The CEO-elect of the Company is…
Trustpilot Group Reports Strong Financial Performance in FY23
LONDON: Trustpilot Group plc, a leading online review platform, announced impressive financial results for the year ending December 31, 2023. The company’s profitability accelerated, surpassing expectations, and key metrics demonstrated sustained positive momentum. Financial Highlights Strategic Highlights Outlook Trustpilot’s strong performance in 2023, including accelerated profitability and robust bookings growth, positions the company well for…
Tissue Regenix reports record revenues and positive EBITDA for 2023
LONDON: Tissue Regenix Group (AIM: TRX), a pioneer in regenerative medical devices, has reported its audited final results for the year ending December 31, 2023. The company has achieved record revenues and, for the first time, a positive adjusted EBITDA for the full year. Financial Milestones: The company has seen a top-line revenue growth of…
Boku Inc announces soaring profits and user growth in 2023
LONDON: Boku Inc (AIM: BOKU), the leading global provider of localized payment solutions, has reported a significant surge in its annual revenues and user engagement for the year ended December 31, 2023. Financial Growth:Boku’s revenues climbed by 30% to $82.7 million, up from $63.8 million the previous year, marking a 33% increase on a constant…
Unilever to carve out ice cream division into a separate entity
LONDON: Unilever has announced the initiation of a significant restructuring process, and is set to separate its Ice Cream division and launch an extensive productivity programme as part of its Growth Action Plan (GAP). The Unilever Board is confident that the future growth potential of Ice Cream will be better delivered under a different ownership…
Diversified Energy announces record results and strategic acquisition of Oaktree interest
LONDON: Diversified Energy Company PLC has reported its final audited results for the year ending December 31, 2023, showcasing a record average net daily production of 821 MMcfepd (137 MBoepd), with a December exit rate of 775 MMcfepd (129.2 MBoepd). The company’s year-end reserves stood at an impressive 3.8 Tcfe (642 MMBoe), with a present…