LONDON: Boku Inc (AIM: BOKU), the leading global provider of localized payment solutions, has reported a significant surge in its annual revenues and user engagement for the year ended December 31, 2023. Financial Growth:Boku’s revenues climbed by 30% to $82.7 million, up from $63.8 million the previous year, marking a 33% increase on a constant…
Unilever to carve out ice cream division into a separate entity
LONDON: Unilever has announced the initiation of a significant restructuring process, and is set to separate its Ice Cream division and launch an extensive productivity programme as part of its Growth Action Plan (GAP). The Unilever Board is confident that the future growth potential of Ice Cream will be better delivered under a different ownership…
Diversified Energy announces record results and strategic acquisition of Oaktree interest
LONDON: Diversified Energy Company PLC has reported its final audited results for the year ending December 31, 2023, showcasing a record average net daily production of 821 MMcfepd (137 MBoepd), with a December exit rate of 775 MMcfepd (129.2 MBoepd). The company’s year-end reserves stood at an impressive 3.8 Tcfe (642 MMBoe), with a present…
Team Internet Group agrees to acquire Shinez I.O. for $41.8 million
COMPLETION OF ACQUISITION OF SHINEZ I.O. LTD LONDON, UK: Team Internet Group (AIM: TIG) has entered into a definitive agreement to acquire the entire issued share capital of a leading online marketing business, Shinez I.O. Ltd and its subsidiaries from its current shareholders. Shinez specialises in the production and promotion of highly engaging content across…
Wickes Group to acquire 51% Gas Fast Limited, parent of Solar Fast
LONDON, UK: Wickes Group plc has agreed to acquire 51% of the issued share capital of Gas Fast Limited, the parent company of leading solar installations company Solar Fast. The Business focuses on solar panels installations, alongside a smaller business installing gas boilers. The acquisition will enable Wickes to expand its offering into the fast-growing…
AstraZeneca to acquire Fusion Pharmaceuticals in a $ 2.0 billion deal
LONDON: AstraZeneca has entered into a definitive agreement to acquire Fusion Pharmaceuticals Inc., a clinical-stage biopharmaceutical company developing next-generation radioconjugates (RCs). The acquisition marks a major step forward in AstraZeneca delivering on its ambition to transform cancer treatment and outcomes for patients by replacing traditional regimens like chemotherapy and radiotherapy with more targeted treatments. RCs…
HCLTech and CAST Forge Ahead with Strategic Partnership to Revolutionize OEM Chip Design
HCLTech and CAST forge ahead with strategic partnership to revolutionize OEM Chip DesignSINGAPORE: HCLTech, a global technology powerhouse, and CAST, a pioneer in semiconductor intellectual property (IP) cores, have announced an expansion of their partnership. This collaboration is set to transform the landscape of original equipment manufacturing (OEM) by offering bespoke chip solutions, propelling industries…
SingPost to restructure into three autonomous business units
Singapore Post Ltd (SingPost) has concluded its strategic review, initiated in May 2023 with Merrill Lynch (Singapore) Pte. Ltd. (BofA Securities) as the financial advisor. The review aimed to enhance shareholder returns and ensure the Group’s appropriate valuation. Over recent years, SingPost has evolved from a traditional postal service into a technology-driven international logistics enterprise,…
Genesis Capital ups offer for Pacific Smiles Group to $1.75 per share
SYDNEY, AUSTRALIA: Pacific Smiles Group Limited (ASX:PSQ) has announced receiving a revised acquisition proposal from Genesis Capital Manager I Pty Ltd. The new offer, standing $1.75 in cash per share, is set to be executed through a recommended scheme of arrangement. This revised indicative proposal not only increases the cash offer but also presents Pacific…
Impact Minerals to divest Commonwealth Project in New South Wales
SYDNEY: Impact Minerals Limited (ASX:IPT) has officially signed a share sale and purchase agreement to divest up to 75% of its wholly-owned Commonwealth Project in New South Wales. The agreement follows the Revised Term Sheet announced on August 16th, 2023. Dr. Mike Jones, Managing Director of Impact Minerals, expressed the company’s strategic approach to holding…
KMD Brands reports challenging first half FY24 amidst 14.5% decline in sales
AUCKLAND: KMD Brands Limited, a prominent player in the retail sector, has released its interim results for the first half of the fiscal year 2024, revealing a significant downturn in sales and profits. The Group’s sales plummeted by 14.5% to NZ$468.6 million compared to the same period last year, reflecting the ongoing impact of weak…
Scott Technology CEO John Kippenberger to step down in May
Auckland, New Zealand: Scott Technology (NZX: SCT) announced that CEO John Kippenberger has decided to step down from his role leading the global Scott Group. Kippenberger joined the NZX listed automation and robotics company as CEO in November 2019 and has since led the business through a significant strategic and operational transformation. Chair Stuart McLauchlan…