LONDON, UK: IQGeo Group plc (AIM: IQG), the innovative developer of geospatial productivity and collaboration software for telecoms and utility network operators, has announced its final audited results for the year ended 31 December 2023, marking a year of substantial growth and operational achievements. Operational Achievements: The company has made significant strides across all regions,…
Toys“R”Us ANZ Limited acquires RIOT
SYDNEY: Toys“R”Us ANZ Limited (ASX:TOY) has announced the acquisition of assets from the established arts and crafts retailer RIOT, alongside securing up to $5 million in funding from a US investment fund managed by C/M Capital Partners, LP. This acquisition marks a significant expansion for TOY, enhancing its e-commerce presence and diversifying its product offerings….
IMCD signs agreement to acquire 100% shares of Bretano
ROTTERDAM, THE NETHERLANDS: IMCD N.V. has signed an agreement to acquire 100% of the shares of Bretano Costa Rica, S.A., Bretano El Salvador, S.A de C.V., Bretano Guatemala, S.A., and Grupo Bretano México, S. de R.L. de C.V. (jointly “Bretano”). Established in 1961, Bretano is headquartered in Costa Rica, with commercial and logistics operations in…
Pakistan’s power generation hits a 3.5-year low amid cost fluctuations
Why wind is underutilized in Pakistan for power generation? KARACHI: Pakistan’s power generation has plummeted to its lowest in over three years. February 2024 saw a significant 14% month-on-month (MoM) decrease, with the generation clocking in at just 7,130 gigawatt-hours (GWh). This downturn marks the most substantial dip since mid-2020, underscoring a worrying trend in…
CleanTech Lithium produces lithium chloride eluate from its pilot plant
LONDON: CleanTech Lithium PLC, a lithium exploration and development company, has announced the successful commencement of operations at its pilot plant in Chile. The plant, which is part of the Laguna Verde project, has begun producing lithium chloride eluate through the Direct Lithium Extraction (DLE) process. Key Milestones Achieved: This development marks a significant step…
PYX Resources marks milestone with first ilmenite shipment to China
LONDON: PYX Resources Ltd (NSX: PYX | LSE: PYX), recognized as the world’s third-largest publicly listed zircon producer based on resources, has successfully completed its first shipment of ilmenite. The company announced the export of 1,040 tonnes of ilmenite, which contains 45% titanium dioxide (TiO2), to a client located in Zhanjiang, Guangdong Province, China. This…
PayPoint and Lloyds Bank seal expansion deal to boost SME growth
LONDON, UK: PayPoint Plc and Lloyds Bank announced a major partnership expansion, which will see Lloyds Bank Cardnet become the main card acquiring partner across the PayPoint Group’s extensive network of over 60,000 SME and retailer partners. The expanded partnership, going into pilot in Q2 FY24/25, with a full launch expected in Q3 FY24/25 (subject…
Johnson Matthey to sell Medical Device Components business to Montagu for $700 million
LONDON, UK: Johnson Matthey Plc (JM) has signed a definitive agreement to sell 100% of its Medical Device Components business (MDC) to Montagu Private Equity for cash consideration of US$700 million (£550 million) on a cash free debt free basis. The Medical Device Components business produces components for medical device manufacturers globally with a focus…
PRM Services makes on-market bid to acquire Sierra Rutile Holdings
SYDNEY, AUSTRALIA: Canaccord Genuity (Australia) Limited, acting as the Bidder’s Broker, has announced an unconditional on-market offer to acquire all available shares of Sierra Rutile Holdings Limited (SRX) at a cash price of A$0.095 per share. The offer, initiated by PRM Services LLC, aims to purchase up to 375,609,090 SRX Shares that are currently listed…
BPH Global’s top brass on strategic business tour in Malaysia and China
SYDNEY: To bolster its market presence, BPH Global Ltd (ASX: BP8) CEO Matthew Leonard and CFO Chow Yee Koh are currently on a strategic tour in Malaysia and China. The two-week trip, which began last week, is aimed at fortifying the company’s bird’s nest and hemp operations in the region. The journey, which also includes…
Gratifii signs deals with EML Payment to boost gift card services in Australia
SYDNEY: Gratifii Limited (ASX:GTI), a prominent loyalty and rewards enterprise, has announced the signing of two pivotal agreements with EML Payment Solutions Limited, a subsidiary of EML Payments Limited (ASX:EML). These agreements aim to enhance Gratifii’s offerings in the Australian market by delivering prepaid debit cards and expanding reward options for EML’s clientele. A 3.5-year…
Pepper Money buys remaining 35% of Stratton Finance for $42 million
SYDNEY: Pepper Money Limited (ASX: PPM) has exercised the call option over the remaining 35% stake in Stratton Finance Pty Limited. As previously announced, Pepper Money completed the acquisition of the 65% interest in Stratton on 1 July 2022. At the same time, the parties also entered into a Put and Call Option in relation…