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…
Team Internet Group agrees to acquire Shinez I.O. for $41.8 million
COMPLETION OF ACQUISITION OF SHINEZ I.O. LTD LONDON, UK: Team Internet Group (AIM: TIG) has entered into a definitive agreement to acquire the entire issued share capital of a leading online marketing business, Shinez I.O. Ltd and its subsidiaries from its current shareholders. Shinez specialises in the production and promotion of highly engaging content across…
Wickes Group to acquire 51% Gas Fast Limited, parent of Solar Fast
LONDON, UK: Wickes Group plc has agreed to acquire 51% of the issued share capital of Gas Fast Limited, the parent company of leading solar installations company Solar Fast. The Business focuses on solar panels installations, alongside a smaller business installing gas boilers. The acquisition will enable Wickes to expand its offering into the fast-growing…
AstraZeneca to acquire Fusion Pharmaceuticals in a $ 2.0 billion deal
LONDON: AstraZeneca has entered into a definitive agreement to acquire Fusion Pharmaceuticals Inc., a clinical-stage biopharmaceutical company developing next-generation radioconjugates (RCs). The acquisition marks a major step forward in AstraZeneca delivering on its ambition to transform cancer treatment and outcomes for patients by replacing traditional regimens like chemotherapy and radiotherapy with more targeted treatments. RCs…