Digital marketing firm, Ibotta, supported by retail giant Walmart (WMT.N), has officially filed for an initial public offering (IPO) in the United States. The announcement came through a recent filing, which revealed the company’s intention to go public on Friday. The Denver-based firm boasts an impressive client roster, including industry heavyweights such as PepsiCo, Nestle…
Reddit’s IPO surges, signals renewed investor confidence in tech
The debut that may herald a resurgence of investor confidence in high-potential yet unprofitable tech firms, Reddit’s shares soared by 48% on their inaugural trading day in New York. Despite its consistent lack of profitability since its inception in 2005, Reddit has captivated investors’ imaginations by showcasing its platform as a fertile testing ground for…
Empower Your Trading Strategy with TradingView: A Professional’s Guide
In the dynamic world of financial markets, having a reliable and sophisticated analysis platform is paramount for any serious trader or investor. TradingView stands at the forefront of this domain, offering a suite of tools that are indispensable for market participants seeking to enhance their decision-making process. I will guide you through the strategic advantages…
TRIG sells UK onshore wind farms for £51 million
LONDON: TRIG, a London-listed investment company advised by InfraRed Capital Partners as Investment Manager and Renewable Energy Systems (RES) as Operations Manager, has sold two UK onshore wind farms. TRIG announced the sale of its 100% equity interests in Forss and Little Raith onshore wind farms in the UK for a total consideration of £51…
KPN gains ACM approval for Youfone acquisition
AMSTERDAM: The Netherlands Authority for Consumers and Markets (ACM) has given its unconditional consent for KPN to proceed with the acquisition of Youfone. This decision comes after KPN’s initial announcement on June 22, 2023, regarding their plans to acquire Youfone. The completion of this acquisition is anticipated to occur in the early part of April….
Renault and Volvo launch Flexis SAS for next-gen electric vans
PARIS: Renault Group and Volvo Group have announced the completion of their joint venture, Flexis SAS, marking a significant leap in the production of next-generation electric vans. The new venture, which follows the binding agreements signed on October 6th, 2023, has received all necessary regulatory approvals and is poised to revolutionize urban logistics with its…
Hynion and Toyota Norway enter cooperation to drive infrastructure for hydrogen in Norway
OSLO, NORWAY: Toyota Norway and Hynion are now expanding their cooperation, and Toyota is stepping in with operating support to contribute to Hynion’s costs for the hydrogen refueling station at Høvik. The aid will be used for necessary plant upgrades and other improvements that will increase the capacity and the availability of hydrogen at the…
Aston Martin appoints Adrian Hallmark as its new Chief Executive Officer
LONDON: The Board of Aston Martin today announced the appointment of ultra-luxury automotive leader Adrian Hallmark, who will join Aston Martin as an Executive Director of the Company and its Chief Executive Officer no later than 1 October 2024. Hallmark, aged 61, will join Aston Martin from his recent position as Chairman and Chief Executive…
N.I Group acquires Banefjell AS and SLAM Jernbaneteknikk for NOK 108.3m
OSLO, NORWAY: ININ Group’s subsidiary Nordic Infrastructure Group AS (N.I Group) has today signed the share purchase agreements to acquire 100 percent of the shares in Norwegian railway contractors Banefjell AS, and SLAM Jernbaneteknikk AS. “The acquisition of Banefjell strengthens Nordic Infrastructure Group’s position in south-west Norway, and will enable us to jointly take on…
X5 Retail Group announces stellar performance amid market challenges
AMSTERDAM – X5 Retail Group N.V., a dominant player in the Russian food retail market, has released its 2023 Annual Report, showcasing a year of robust growth and strategic achievements despite market volatility. CEO Igor Shekhterman highlighted the company’s resilience and commitment to excellence, which were evident in the impressive financial results and expansion milestones…
TotalEnergies restarts gas production from Tyra hub in the Danish North Sea
PARIS: TotalEnergies announced the restart of production from the Tyra hub in the Danish North Sea, after the completion of a major redevelopment project of this hub. At plateau, the Tyra hub will produce 5.7 million cubic meters of gas and 22,000 barrels of condensate per day, once again making Denmark self-sufficient and a net…
S-Ventures secures £2 million in new loans amidst strategic financial maneuvers
LONDON, UK: In order to bolster its portfolio of natural, wellness, and food-tech brands, S-Ventures plc has announced securing new loans totaling £2 million. The investment company, known for nurturing promising brands, has obtained £1 million each from Riverfort Global Opportunities plc and Sherwood International Holdings Ltd, the latter being an existing shareholder. The 12-month…