LONDON, UK: LMS Capital PLC, a listed investment company, has announced the acquisition of Castle View Retirement Village in Windsor for £11.9 million. The deal is part of LMS’s strategy to invest in the retirement living sector, which is expected to grow due to the ageing population and the demand for housing options for older…
Scirocco Energy to sell its stake in EAG for £2.6 million plus potential bonus
LONDON, UK: Scirocco Energy (AIM: SCIR), a company that invests in European sustainable energy and circular economy projects, has announced that it has reached a conditional agreement to sell its stake and investment in Energy Acquisitions Group Limited (EAG) for an enterprise value of £2.6 million before adjustments, plus up to £150,000 more if EAG…
Guild Esports partners with esports trading platform eNDX
LONDON: Guild Esports, a global gaming-focused media business, has entered a one-year rolling partnership with eNDX, an esports player-focused virtual trading platform, to add players from the Company’s Counter-Strike rosters into eNDX’s tradable pool. Guild will receive a percentage of revenue generated from the trading of Guild players on the site. The partnership is estimated…
GlobalData sells 40% stake in Healthcare division to Inflexion for £446m
LONDON, UK: GlobalData, a leading provider of data and analytics, has announced a major reorganisation of its business and a strategic partnership with Inflexion, a private equity firm. The deal will see Inflexion acquire a 40% stake in GlobalData’s Healthcare division, which offers insights and intelligence on the pharmaceutical, medical device, and biotechnology sectors. The…
Europa Oil & Gas invests in Antler Global and gains access to Equatorial Guinea licence
LONDON, UK: Europa Oil & Gas (Holdings) plc, a UK-based oil and gas company with interests in Ireland and West Africa, has invested US$3 million in Antler Global Limited, a company that holds an 80% stake in a promising offshore licence in Equatorial Guinea. The deal gives Europa a 42.9% share in Antler and access…
Vinyl Group to acquire Australia’s largest youth publisher The Brag Media for $8m
MELBOURNE, AUSTRALIA: Vinyl Group (ASX: VNL) has entered into a binding Share Sale Agreement to fully acquire Australia’s largest youth publisher The Brag Media including its premium network of mastheads and events funded by a new investment by WiseTech Global (ASX: WTC) Founder and CEO Richard White. The Brag Media publishes owned outlets TheBrag.com, The…
Shayne Elliott, CEO of ANZ Group, outlines ambitious plans and optimistic outlook
Shayne Elliott, the CEO of ANZ Group, addressed the shareholders at the Annual General Meeting (AGM) on Wednesday, December 20, 2023. He shared the highlights of the Group’s performance in the past year, as well as the challenges and opportunities ahead. Strong results driven by people and culture Elliott began his speech by thanking the…
Toys R Us CEO Penny Cox outlines the company’s turnaround strategy
Toys R Us, the iconic toy retailer, has faced significant challenges in the past year, but is confident of its future prospects under new leadership and technology. In a presentation to shareholders and media, CEO Penny Cox highlighted the company’s achievements and plans for the next year. Key achievements in 2023 Despite the difficulties posed…
Aon will acquire NFP, an insurance broker, for $13.4 billion
Aon, a management consulting firm, announced on Wednesday that it will acquire NFP, an insurance broker, for $13.4 billion. The acquisition will help Aon grow in the middle-market segment, which covers risk, benefits, wealth and retirement plan advisory. The insurance sector is resilient in a volatile economy, as many policies are either provided by employers…
Frasers Group has acquired MATCHES business from MF Intermediate for £52mn
LONDON, UK: Frasers Group plc announced the acquisition of the MATCHES business from MF Intermediate Limited, a subsidiary of funds advised by Apax Partners, by way of the purchase of 100% of the shares of a group of 6 companies and the acquisition of the senior and junior debt owed by those companies. MATCHES is…
Zenith Energy to acquire 50% stake in UK-based Devonian Petroleum
LONDON, UK: Zenith Energy, a Canadian oil and gas company, has announced a deal to buy 50% of Devonian Petroleum Limited, a UK-based private oil company with exploration rights in Kazakhstan, for about $5 million. Devonian owns 99% of DP Energy, a local subsidiary that holds a joint exploration and production contract for the Akkudukski…
The Problems and Pitfalls of Google’s Helpful Content Update
In September 2023, Google rolled out a major algorithm update called the Helpful Content Update. The aim of this update was to improve the quality and relevance of the search results by rewarding websites and blogs that provide helpful, comprehensive, and authoritative content to the users. However, the update had some unintended consequences. Many websites…