LONDON: Air Astana JSC has announced the launch of a share buyback programme, approved by its Board of Directors on February 12, 2024. The programme aims to acquire up to 4,786,800 ordinary shares and global depositary receipts (GDRs), representing about 1.3% of the company’s total issued shares, with a budget of USD 12 million. This…
Morrisons strikes £2.5 billion deal with Motor Fuel Group
LONDON: In a landmark transaction, WM Morrison Supermarkets Limited, commonly known as Morrisons, has announced the successful completion of a £2.5 billion deal with Motor Fuel Group (MFG). The agreement sees the sale of 337 of Morrisons’ petrol forecourts, along with over 400 car park sites across the UK, earmarked for the development of ultra-rapid…
Poolbeg Pharma signs option agreement to acquire orphan drug candidate
LONDON, UK: Poolbeg Pharma (AIM: POLB) has entered into an exclusive 12-month option agreement with Silk Road Therapeutics Inc, for a nominal fee, to acquire a novel topical muco-adherent formulation of Pentoxifylline (tPTX) for the treatment of oral ulcers in patient’s suffering from Behçet’s Disease. There is a clear unmet medical need for an effective…
Kelso Group invests more in NCC
LONDON: In a strategic move, Kelso Group, a prominent acquisition vehicle listed on the main market, has announced the purchase of an additional 700,000 ordinary shares in NCC. This acquisition, following an initial share purchase in October 2023, brings Kelso’s total holdings to 2.2 million shares, averaging a cost of 117p each. NCC, known for…
Transense Technologies joins £37.8M LANDOne project with Airbus & ATI
LONDON: Transense Technologies plc, is pleased to announce that it has formally joined an Aerospace Technology Institute supported project, “LANDOne”, with Airbus to provide SAWsense technology and support the development of next generation landing-systems technology. LANDOne is a £37.8 Million project looking into new lighter, lower maintenance landing gear systems. Officially launched in 2022, Transense…
Northamber Plc acquired Tempura Technology and Tempura Communications for £6.02 million
LONDON: Northamber Plc (AIM:NAR), a leading value-add AV & IT distributor, has acquired Tempura Technology Limited (TTL) and Tempura Communications Limited (TCL) together with their respective subsidiaries. Tempura is a value-add distributor of unified communications including VoIP, connectivity, audio visual and video conferencing solutions in the UK, Ireland and the BeNeLux. The total consideration for…
Hologic Inc. signs deal to acquire Endomagnetics Ltd for $310 million
LONDON, UK: Hologic Inc. (Nasdaq: HOLX), a global leader in women’s health, that it is has signed a definitive agreement to acquire Endomagnetics Ltd. The acquisition, which is subject to regulatory approval as well as working capital and other customary closing adjustments values Endomag at approximately $310m. Endomag is a medical technology company, based in…
HSBC Holdings Group Chief Executive, Noel Quinn, to stepdown
LONDON: HSBC Holdings plc announced that Group Chief Executive, Noel Quinn, has informed the Board of his intention to retire from the Company after nearly five years in the role. As Group Chief Executive, Mr Quinn has overseen a successful transformation of the Bank. During his tenure, HSBC has delivered record profits and the strongest…
Provident Minerals intends to takeover Sihayo Gold Limited
SYDNEY, AUSTRALIA: Provident Aurum Pte. Ltd., a subsidiary of Provident Minerals, intends to make an off-market takeover bid to acquire all shares of Sihayo Gold Limited (ASX: SIH). The offer comes after Provident Minerals’ long-standing support for Sihayo since 2013, including equity capital participation and a US$3.9 million unsecured loan. Currently, Provident Aurum holds a…
The State of the Auto Market in April 2024: A Comprehensive Analysis
The automotive industry is experiencing a dynamic shift as S&P Global Mobility forecasts that new light vehicle sales will reach 1.34 million units in April 2024. Despite appearing to be a decrease from previous months—7% down from March and 2% down from the previous year—this figure is adjusted for two fewer selling days in March…
Ivy Fertility acquires Dallas IVF
Ivy Fertility has announced the acquisition of Dallas IVF, a top-tier fertility clinic renowned for its exceptional patient care in the Dallas-Fort Worth area. Dallas IVF, celebrated for its innovative approach to reproductive technology and in-vitro fertilization (IVF), has been instrumental in assisting over 13,000 babies to be born since its inception in 1997. The…
Todd Clegg appointed CEO of Carestream
Carestream, a global leader in the provision of medical imaging systems and non-destructive testing solutions, announced that Todd Clegg has been appointed CEO and nominated to the Board of Directors, effective immediately. Todd Clegg joined Carestream last October and has been the company’s interim CEO since December 1st. “I am excited to continue in my…