The UK is facing a growing mismatch between the demand for over-55s housing and the available supply. With an ageing population and shifting lifestyle preferences, older adults are seeking modern, flexible living options—yet the market is struggling to keep up. According to Arbuthnot Latham, from restrictive planning policies to a lack of diverse housing options, several…
Qualcomm announces to launch data center processors that link to Nvidia chips
SAN DIEGO: Qualcomm announced Monday that it is developing a custom central processing unit (CPU) for data centers that will integrate with Nvidia’s graphics processing units (GPUs) and software, marking a strategic expansion beyond its traditional mobile chip business. The move underscores the critical role of Nvidia’s infrastructure in artificial intelligence (AI), as its GPUs are widely…
iFOREX confirms plans for London IPO, sets timeline for June listing
LONDON: iFOREX Financial Trading Holdings Ltd., a leading fintech firm specializing in multi-asset contracts for difference (CFDs), announced Monday its intention to proceed with an initial public offering (IPO) on the London Stock Exchange, with shares expected to begin trading in late June 2025. The company said it will apply for admission of its ordinary…
Prosus launches recommended €4.1 billion cash offer for Just Eat Takeaway.com
AMSTERDAM: Prosus N.V., through its subsidiary MIH Bidco Holdings B.V., has announced a recommended public offer to acquire Just Eat Takeaway.com N.V. (JET) for €20.30 per share in cash, valuing the European food delivery giant at approximately €4.1 billion. The offer represents a 63% premium to JET’s closing share price on Feb. 21, 2025, and…
Peugeot Invest sells €227 million in private equity funds
PARIS: Peugeot Invest has announced the sale of 35 private equity funds on the secondary market to Committed Advisors, marking a significant step in the strategic rebalancing of its investment portfolio. The transaction, valued at approximately €227 million (€94 million in euro-denominated funds and $149 million in USD-denominated funds), involves assets managed by 22 General…
Avantium joins Bottle Collective to advance sustainable fiber bottles
AMSTERDAM: Avantium N.V., a leader in renewable polymer materials, has partnered with the Bottle Collective to showcase fiber bottles made using Dry Molded Fiber (DMF) technology, the company announced. Avantium’s plant-based polymer PEF (polyethylene furanoate) will be integrated into the bottle production process, enhancing sustainability and barrier performance. The Bottle Collective, launched in 2023 by…
Alex Cheeseman appointed CEO of Greenvale Energy
BRISBANE: Greenvale Energy Limited (ASX: GRV) announced Monday the appointment of Alex Cheeseman as its new chief executive officer, effective immediately. Cheeseman, a seasoned resources executive with over 20 years of experience, will lead the company’s growth strategy, focusing on resource development and shareholder value. Cheeseman’s background includes leadership roles in ASX-listed mining and exploration…
IMEXHS highlights growth and new software at 2025 annual general meeting
SYDNEY: IMEXHS Limited (ASX: IME), a global provider of cloud-based medical imaging software and radiology services, outlined its strategic progress and financial outlook at its 2025 Annual General Meeting on Monday. Chairman Doug Flynn highlighted the successful launch of the company’s new AI-powered platform, Aquila+, calling it a “major step forward” for the business. The…
Nanoveu launches embedded AI evaluation to extend drone flight time
SYDNEY: Nanoveu Limited (ASX: NVU), a leader in advanced semiconductor and materials science technology, announced a two-phase evaluation program for its ultra-low-power ECS-DoT system-on-chip (SoC) aimed at enhancing drone flight endurance and enabling real-time artificial intelligence (AI) capabilities. The program, led by Nanoveu’s subsidiary EMASS, seeks to demonstrate significant improvements in energy efficiency and onboard…
Vitura Health’s joint venture acquires Heyday Medical Clinic
MELBOURNE: Vitura Health Limited (ASX: VIT), a leading digital health platform in Australia, announced Monday that its 50%-owned joint venture, Flora Holdings Pty Ltd, has acquired the assets of Heyday Medical Clinic, a prominent medicinal cannabis clinic. The acquisition aims to strengthen Flora’s national footprint in integrated holistic healthcare. Heyday Medical Clinic, established in 2020,…
Manawa Energy shareholders to vote on acquisition by Contact Energy
AUCKLAND: Manawa Energy Limited shareholders are set to decide on a proposed acquisition by Contact Energy Limited at a special meeting scheduled for June 18, 2025. The deal, structured as a Scheme of Arrangement, offers shareholders $1.12 per share in cash plus 0.5830 new Contact shares for each Manawa share held. Key Details of the…
Spark New Zealand, Nokia sign strategic network operations partnership
AUCKLAND: Spark New Zealand has entered a strategic partnership with Nokia to enhance network operations, the companies announced Monday. Under the agreement, Nokia will oversee daily monitoring and support for Spark’s network while Spark retains control over key strategic decisions, including future planning, network design engineering, and critical incident oversight. The collaboration will also focus…