LONDON: Ørsted has announced a $572 million divestment of a 50% equity stake in three U.S. onshore projects to Energy Capital Partners (ECP), a prominent energy transition-focused investor. The projects, set to begin operations in 2024, include two solar farms…
LONDON: Kingfisher plc, the international home improvement company, today announced, the sale of its Brico Dépôt Romania business to Altex Romania for an enterprise value of €70m (equivalent to £58m). The sale comprises the entire Brico Dépôt Romania business, including…
SYDNEY: Reckon Limited (ASX: RKN) has entered into an agreement with Money Management Group Pty Ltd and its UK subsidiary Money Management Group (UK) Limited to purchase Cashflow Manager and OKKE, Adelaide based accounting and payroll software businesses. Reckon anticipates…
LONDON: GlobalData Plc has signed an agreement to acquire Celent, a leading research and advisory firm, which is currently, part of Marsh McLennan’s Oliver Wyman Group. Completion, which is subject to certain closing conditions, is expected to occur on 31…
LONDON: Graft Polymer (UK) Plc, a biotechnology company co-developing therapeutics for mental health disorders, announced it has entered a binding letter of agreement to acquire all issued share capital of Awakn Life Sciences Corp., a clinical-stage biotechnology firm focused on…
LONDON: Ricardo Plc has announced the conditional sale of its Ricardo Defense Business to Proteus Enterprises LLC and Gladstone Investment Corporation, through GPD Acquisition Inc., for $85 million. The decision follows a thorough process by Ricardo’s Board. Key Points: Ricardo…
LONDON: Ofcom is consulting on proposed changes to the annual licence fees (ALFs) paid by mobile network operators to use certain spectrum bands. “We charge mobile network operators annual licence fees for the use of three spectrum bands (900 MHz,…
LONDON: In a move to support UK businesses, the Payment Systems Regulator (PSR) has published its final report on the market review of cross-border interchange fees. The report reveals that the steep rise in fees by major card companies, Mastercard…
LONDON: C&C Group plc, the vertically integrated premium branded drinks group and leading drinks distributor to the UK and Ireland hospitality sectors, announced the appointment of Roger White to the Board as Chief Executive Officer (CEO) from 20 January 2025. …
LONDON: Parkmead, a company focusing on gas, oil, and renewable energy projects, has agreed to sell its subsidiary, Parkmead (E&P) Ltd, to Serica Energy (UK) Ltd. The subsidiary holds Parkmead’s UK offshore oil licenses and some gas licenses in the…
LONDON: Resolution Life, a global life insurance group, announces that Nippon Life Insurance Company will acquire 100% of the company for $8.2 billion, valuing it at $10.6 billion. After the acquisition, Resolution Life’s business in the US, UK, Bermuda, and…
LONDON: GSTechnologies Limited (LSE: GST) has announced that its subsidiary, GS Fintech UAB, will acquire Cake Pte Ltd and Cake DeFi UAB, known together as CAKE, for an undisclosed cash amount. CAKE operates a prominent cryptocurrency investment platform called Bake,…