SYDNEY: Archer Materials Limited announced Thursday the appointment of Dr. Simon Ruffell as its new Chief Executive Officer, effective immediately. Dr. Ruffell, who previously served as the company’s Chief Technology Officer, brings over 20 years of international experience in technology and research leadership to the role. Dr. Ruffell joined Archer Materials in February 2024 as Engineering…
CoStar raises offer for Domain Holdings to $4.43 per share
SYDNEY: CoStar Group, Inc. has submitted an improved non-binding proposal to acquire all shares of Domain Holdings Australia Limited for $4.43 per share in cash, up from its initial offer of $4.20. The new bid represents a 42% premium over Domain’s closing share price on Feb. 20, the last trading day before the original proposal was announced. …
Babcock secures £1 billion contract extension with UK Ministry of Defence
LONDON: Defence company Babcock International Group has clinched a five-year contract extension worth approximately £1 billion with the UK Ministry of Defence (MOD), reinforcing its strategic partnership with the British Army. The contract, a continuation of the Defence Support Group (DSG) Service Provision and Transformation Contract (SPTC), is set to enhance the Army’s operational readiness by providing…
Tesla to launch in Saudi Arabia amid declining Europe sales
Tesla is set to launch in Saudi Arabia next month, marking its entry into the Gulf region’s largest market. The company announced the April 10 event in Riyadh, where it will showcase electric vehicles, solar-powered products, and innovations like Cybercab and Optimus, its humanoid robot. Tesla’s expansion comes amid declining sales in Europe and global protests…
Chinese bubble tea chain Chagee files for U.S. IPO
Chagee, a Chinese bubble tea chain, filed for a U.S. initial public offering on Tuesday and aims to list on Nasdaq under the ticker “CHA.” The company plans to debut its first U.S. store in Los Angeles this spring at Westfield Century City mall. Founded in 2017 by CEO Junjie Zhang, Chagee operates over 6,400 teahouses across…
DoubleU Games completes acquisition of Turkish developer Paxie Games
SEOUL: DoubleU Games has finalized its acquisition of Paxie Games, a Turkey-based casual game developer, following merger clearance by the Turkish competition authority. The transaction, first announced in December 2024, closed on March 26. Paxie Games specializes in the rapidly growing Merge 2 genre, with its flagship title, Merge Studio: Fashion Makeover, achieving more than…
One Equity Partners to Acquire CraftMark Bakery
NEW YORK: One Equity Partners (OEP), a middle-market private equity firm, announced today it has agreed to acquire CraftMark Bakery, a prominent supplier of bakery products for quick-service restaurants and in-store retail bakeries. Based in Indianapolis, CraftMark Bakery specializes in producing bread dough, cookie dough, muffins, flatbreads, baked cookies, and filled dough for customers nationwide. The company…
CW Advisors has acquired Delta Financial Group
BOSTON: CW Advisors, LLC, a Boston-based registered investment advisor, announced the acquisition of Delta Financial Group, Inc., a fee-only investment firm managing $1.3 billion in assets. Based in Basking Ridge, New Jersey, Delta’s integration will strengthen CW Advisors’ Mid-Atlantic presence, now spanning six offices from New York City to Richmond, Virginia. “We are excited to welcome another…
Supersearch Plus debuts on AQSE Growth Market
LONDON: Supersearch Plus plc, a Hong Kong-based frozen seafood importer and wholesaler, commenced trading its entire issued share capital of 22,785,583 ordinary shares on the Access segment of the Aquis Stock Exchange Growth Market (AQSE Growth Market) today. Trading began at 8:00 a.m. UK time under the ticker symbol SUP and ISIN number GB00BV4DNS07. The company, advised…
Drax Group offers to acquire Harmony Energy Income Trust in £199.9 million deal
LONDON: Drax BESS Holdco Limited, a wholly owned subsidiary of Drax Group plc, has agreed to acquire Harmony Energy Income Trust Plc (HEIT) in a recommended cash deal valued at approximately £199.9 million. Under the terms of the acquisition, HEIT shareholders will receive 88 pence per share, representing a 35% premium over HEIT’s closing price of 65.2…
Ibstock plc appoints Richard Akers as Chair
LONDON: Ibstock plc, a prominent UK manufacturer of building products and solutions, has announced that Richard Akers will join the company as Non-Executive Director and Chair Designate, effective May 5, 2025. Akers will succeed Jonathan Nicholls as Chair following the conclusion of the company’s Annual General Meeting (AGM) on May 15, 2025. Nicholls, who has been…
EKF Diagnostics Holdings appoints Gavin Jones as CEO
LONDON: EKF Diagnostics Holdings (AIM: EKF), the AIM-listed global diagnostics business, announces the appointment of Gavin Jones as Chief Executive Officer and to the EKF Board, with immediate effect. Gavin previously served as Chief Product Officer at EKF and has extensive industry experience in Analytical Chemistry and Diagnostics. Julian Baines will remain as Executive Chair for the foreseeable…