LONDON: Capital Metals, the company behind the Eastern Minerals Project in Sri Lanka, has announced a strategic partnership with Sheffield Resources Limited. Sheffield, co-owner of the Thunderbird mineral sands mine, has acquired a 10% stake in Capital Metals and has been granted an option to increase its interest to 50% through project funding. The deal…
Virtuos acquires LA based VFX powerhouse, Beyond-FX
Virtuos, a global leader in video game development, has acquired Los Angeles-based Beyond-FX. This move not only enhances Virtuos’ real-time VFX offerings but also reinforces its commitment to the growth and development of Beyond-FX’s talent pool and global client services. Beyond-FX, established by Keith Guerrette in 2015, is renowned for its expertise in real-time VFX…
Vodafone Group restructures portfolio and capital allocation
LONDON: Vodafone Group Plc has finalized its portfolio restructuring, initiated in May 2023, with the sale of its Italian operations to Swisscom AG. This move follows the divestiture of Vodafone Spain and the merger of Vodafone UK with Three UK, allowing Vodafone to concentrate on growth markets in Europe. The company’s strategic shift includes a…
Iress divests its UK mortgage business to Bain Capital for £85m
SYDNEY, AUSTRALIA: Iress Limited (IRE: ASX)has entered into a binding agreement to divest its UK Mortgage Sales & Originations business to Bain Capital Tech Opportunities LP for a total cash consideration of £85m. The sale marks a significant advancement in Iress’ transformation strategy to divest non-core assets and strengthen its balance sheet. Iress’ Mortgages business…
EML sells Sentenial Limited, Nuapay service to GoCardless for €32.75 million
SYDNEY, AUSTRALIA: EML Payments Limited (ASX: EML) has announced the divestiture of Sentenial Limited, including its Nuapay services, to GoCardless Ltd. The transaction, valued at €32.75 million (approximately A$54.1 million), marks a pivotal step in EML’s ongoing strategic review aimed at enhancing profitability and cash flow, the ASX news announcement noted. The decision to offload…
Premier1 Lithium CEO Richard Taylor steps down
SYDNEY: Premier1 Lithium (ASX:PLC) today announced a transition plan thatwill see CEO, Richard Taylor, step down from the role on 31 May 2024 after the completion of the demerger implementation plan, commencement of lithium exploration and Richard’s desire to move into the next phase of his career. An executive search has commenced for the next…
Noronex Limited expands copper projects with new Namibian Uranium Belt acquisition
Perth: Noronex Limited (ASX: NRX) announced a strategic expansion into the Namibian Uranium Belt with an exclusivity agreement to potentially acquire an 80% interest in a 7,000 HA claim. This claim is situated near the Etango project, within a region known for significant uranium production and resources. The company has raised $0.91 million to fund…
ARN Media and Anchorage Capital propose acquisition of Southern Cross Media
SYDNEY: ARN Media Limited (ASX: A1N) and Anchorage Capital Partners Pty Limited, collectively known as the Consortium, have made a non-binding indicative offer to acquire all shares of Southern Cross Media Group Limited (ASX: SXL), commonly referred to as SCA. The offer, dated October 18, 2023, suggests a mix of stock and cash consideration that…
Acquisition of Advans Microfinance Bank by MNT – Halan Pak B.V. approved
ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of Advans Pakistan Microfinance Bank Limited by a Dutch-based holding company, MNT–Halan Pak B.V. This transaction marks a significant development in the microfinance banking sector of Pakistan. MNT – Halan Pak B.V. is a holding company incorporated in the Netherlands, with a presence in…
Henderson’s European Focus Trust and EuroTrust to merge, creating Henderson European Trust plc
LONDON: Henderson European Focus Trust plc (HEFT) and Henderson EuroTrust plc (HNE) have announced their intention to merge, creating a new investment powerhouse: Henderson European Trust plc (the “Combined Trust”). This merger is poised to establish an enlarged flagship European investment trust, with management helmed by the seasoned European equities team at Janus Henderson Investors….
Autolus Therapeutics reports financial growth amidst rising R&D costs
LONDON: In a company announcement, Autolus Therapeutics plc (Nasdaq: AUTL), a trailblazer in programmed T cell therapies, has released its operational and financial results for the year ending December 31, 2023. The company, which is in the clinical stage, revealed a cash reserve of $239.6 million, a notable decrease from the previous year’s $382.4 million….
Burford Capital posts 19x growth in earnings per share to $2.74 in 2023
LONDON, UK: Burford Capital Limited, a premier global finance firm specializing in law, has reported its full-year results for 2023, showcasing significant gains across the board. Christopher Bogart, Chief Executive Officer of Burford Capital, commented: “Burford had an extraordinary year. Our earnings per share rose 19x to $2.74, driven by a tripling of consolidated total…