LONDON: TotalEnergies EP Congo, an 85% subsidiary of TotalEnergies, has inked a deal with Trident Energy to adjust its stakes in multiple offshore licenses. The agreement entails TotalEnergies EP Congo acquiring an additional 10% interest in the Moho deep-offshore field, while selling its 53.5% stake in the mature Nkossa and Nsoko II fields to Trident…
Angle plc signs new commercial agreement with AstraZeneca
LONDON: ANGLE plc (AIM:AGL), a world-leading liquid biopsy company with innovative circulating tumour cell (CTC) solutions for use in research, drug development and clinical oncology has signed a supplier agreement with the global biopharmaceutical company, AstraZeneca PLC, to develop and validate a methodology leveraging ANGLE’s existing DNA damage response (“DDR”) assay for the detection of…
BioPharma Credit signs $200 million loan agreement with Tarsus Pharmaceuticals
LONDON: BioPharma Credit PLC (LSE: BPCR), a leading debt investment trust specializing in life sciences, has declared a substantial financial deal with Tarsus Pharmaceuticals, Inc. The agreement, facilitated by BioPharma Credit’s wholly-owned subsidiary and BioPharma Credit Investments V (Master) LP, collectively known as the Lenders, will see an investment of up to $200 million to…
Filtronic secures a long-term partnership with SpaceX in the LEO space market
LONDON: Filtronic plc (AIM: FTC), the designer and manufacturer of products for the aerospace, defence, space and telecoms infrastructure markets, has entered into a strategic partnership and commercial agreement with Space Exploration Technologies Corp. (SpaceX). The partnership includes the ongoing supply of E-band Solid State Power Amplifiers (“SSPA”) in addition to the development and supply…
Apax Funds to acquire IANS
LONDON: Apax Global Alpha (AGA), the closed-ended investment company providing access to the Apax Private Equity Funds, today announced that it expects to invest approximately €8m in IANS on a look-through basis. On 23 April 2024, the Apax Digital Fund II (ADF II), in which AGA is a limited partner, announced that it had reached…
Rhythm Biosciences appoints Dr. David Atkins as Chief Executive Officer
SYDNEY: Rhythm Biosciences Ltd (ASX: RHY) announced the appointment of Dr. David Atkins as Chief Executive Officer (CEO) effective from Monday, 13 May 2024. Dr. Atkins was selected following a comprehensive and competitive search, which considered both experienced and highly credentialed local and international candidates. The process was led by the Board with assistance from…
Frugl Group has acquired Trienpont International
SYDNEY: Frugl Group Limited, soon to be known as InFocus Group Limited, has officially announced the successful acquisition of Trienpont International Co. Ltd. This strategic acquisition includes all of Trienpont’s business assets and is expected to significantly broaden the operational scope of InFocus Analytics. The integration of Trienpont International into the InFocus portfolio heralds a…
Nick Scali to acquire UK based Fabb Furniture
SYDNEY: Australian furniture giant Nick Scali Limited (ASX: NCK) has announced a definitive agreement to acquire the UK-based home furniture specialist, Anglia Home Furnishings Limited, known to consumers as Fabb Furniture. The deal, which marks Nick Scali’s first foray outside of Australia and New Zealand, is set to enhance the company’s geographic diversity and scale….
Sibelco has acquired Strategic Materials Inc. in North America
Sibelco, a global leader in material solutions and the top glass recycler in Europe, has announced the acquisition of Strategic Materials, Inc. (SMI), North America’s premier glass recycling company. SMI boasts a vast network across the United States, Canada, and Mexico, processing a diverse range of glass materials to produce cullet for various industries. This…
Culinary Markets: What Financial News Tells Us About Food Trends
In the intricate dance of supply and demand, few sectors reflect the rhythm of innovation and taste as vividly as the culinary markets. Yet, it’s not just the chefs and food critics who sway the direction of our dining habits; the stock market plays a pivotal role in shaping what appears on our plates. This…
The AI revolution in personal computing: Navigating the new landscape
The advent of artificial intelligence (AI) is reshaping the personal computer (PC) industry, with tech giants like Apple and NVIDIA already dominating the creative and gaming sectors. This shift leaves significant room for growth in the enterprise and developer markets, as highlighted in a recent report by Omdia. According to Omdia’s study, “AI PCs: An…
LaPhair Capital Partners has acquired Kinexx Modular Construction
LaPhair Capital Partners, an innovation focused, early-stage investment firm today announced the acquisition of Kinexx Modular Construction, a pioneer in modular building solutions. This strategic acquisition marks a significant milestone in LaPhair Capital Partners’ mission to advance innovation in urban areas and to expand on its commitment to increasing economic opportunity in underserved markets. Kinexx…