LONDON: Kohlberg Kravis Roberts & Co (KKR) has reached agreement on the terms of a recommended cash offer for the entire issued and to be issued ordinary share capital of Assura Plc for 49.4 pence in cash per share. The Assura Directors, who have been so advised by Lazard as to the financial terms of…
Assura Plc board rejects revised proposal from Primary Health Properties
LONDON: On 3 April 2025, Assura plc announced that its Board had received a revised indicative proposal from Primary Health Properties plc (PHP) concerning a potential share-and-cash offer for the company. Known as the PHP Proposal, the offer was structured on an adjusted net tangible assets (NTA) exchange ratio. Under the terms of the proposal,…
Technology Minerals’ Recyclus signs battery recycling deal with global firm
LONDON: Technology Minerals Plc (LSE: TM1) announced Tuesday that its battery recycling subsidiary, Recyclus Group Ltd, has secured a 12-month contract with a global industrial company to recycle lithium-ion batteries at its Wolverhampton facility. The deal will see Recyclus process end-of-life Li-ion batteries, receiving gate fees for collection and generating revenue from the sale of…
Avation PLC announces six-year lease to Clic Air
LONDON: Avation PLC (LSE: AVAP), a leading commercial passenger aircraft leasing company, is pleased to announce a six-year lease agreement with Colombian airline Clic Air for an ATR 72-600 aircraft. The aircraft, currently in the process of being returned by its previous operator, is set for delivery to Clic Air in the coming weeks after…
Austco Healthcare to acquire Guild & Spence Technologies
SYDNEY: Austco Healthcare Limited (ASX:AHC) announced Monday that it has signed a conditional binding term sheet to acquire Guild & Spence Technologies, a New Zealand-based company specializing in integrated communication and security systems for healthcare facilities. The acquisition aligns with Austco’s mission to enhance patient care, safety, and operational efficiency through advanced technology solutions. Guild…
Fitch downgrades 2025 outlook for U.S. retail and consumer sectors to deteriorating
Fitch Ratings has revised its 2025 forecast for the U.S. retail and consumer products sectors, changing its outlook from Neutral to Deteriorating. This adjustment reflects concerns over the recently announced tariffs, which are expected to impact consumer spending as sentiment weakens and retail costs rise. The report indicates that most Fitch-rated companies in these sectors…
Stellantis halts production of Leapmotor EV in Poland
MILAN: Stellantis NV said Tuesday it has stopped assembling the Leapmotor T03 electric vehicle at its plant in Tychy, Poland, and is evaluating alternative production options for the Chinese-made model. Production of the small electric car ended March 30, the Franco-Italian automaker said in a statement. While Stellantis remains committed to launching Leapmotor vehicles in Europe, it…
Nvidia to launch RTX 5060 desktop GPU alongside RTX 5050 & 5060 laptop variants
Nvidia is gearing up to unveil its much-awaited RTX 5060 desktop graphics card. But that’s not the only new GPU in the pipeline. Reports suggest that two mobile versions—the RTX 5050 and RTX 5060 for laptops—will be announced within the next two weeks. Press materials from leading laptop manufacturers such as Lenovo, LG, and Razer provide…
Sizl raises $3.5 million to expand its cook-to-order kitchens
CHICAGO: Sizl, a cook-to-order delivery service based in Chicago, aims to change perceptions by delivering meals made with fresh ingredients in about 30 minutes. The company announced Tuesday that it raised $3.5 million in a seed round at a post-money valuation of $12 million. Unlike traditional dark kitchens that serve as shared spaces for various restaurants, Sizl…
Insperial acquires UK-based aircraft upholstery manufacturer MGR Foamtex
THAME: Insperial has announced the acquisition of MGR Foamtex, a leading UK-based aircraft upholstery manufacturer. MGR Foamtex, founded in 1985 and headquartered in Thame, Oxfordshire, is renowned for its skilled engineering and commitment to quality craftsmanship. Les Simpson, Chief Executive of MGR Foamtex, expressed enthusiasm about the acquisition, stating, “We are delighted to become part…
CRB names Vahid Ownjazayeri as President and CEO
KANSAS CITY: CRB Group, a global provider of sustainable engineering, architecture, and construction solutions, has appointed Vahid Ownjazayeri as its new President and CEO. Ownjazayeri, a seasoned executive with more than 40 years of experience in infrastructure design and construction, previously served as Managing Director at Global Infrastructure Solutions Inc. He also held key leadership roles…
China to restrict heavy rare earth exports, boosting Australia’s Northern Minerals
PERTH: China announced plans to impose export restrictions on heavy rare earths, a move that could reshape global supply chains and create opportunities for alternative producers like Australia’s Northern Minerals Ltd. The Australian company, focused on heavy rare earths such as dysprosium and terbium, is advancing its Browns Range Project in Western Australia. These minerals…