LONDON, UK: Serica Energy plc announced on Thursday that it has signed agreements to acquire 30% non-operated interests in the Greater Buchan Area (GBA) project from Jersey Oil & Gas (JOG). The GBA project is a proposed re-development of the Buchan field and other potential developments in the Outer Moray Firth, off the coast of…
What is the Importance of Software in Employment Management?
Employment management forms a crucial pillar in the successful operation of any organization, facilitating effective human resource planning, recruitment, performance management, and employee retention strategies. The advent and subsequent integration of software solutions in employment management have revolutionized these processes, bringing a new era of efficiency, accuracy, and strategic planning. These digital solutions, serving as…
Volt launches real-time payments platform in Australia
Volt, a UK-based fintech company that provides a global real-time payments platform, has announced its expansion into Australia, following a successful $60m funding round and entry into the South American market via Brazil earlier this year. The company, which was founded in 2019, has integrated its gateway with PayTo, an Australian digital payment platform that…
Tower reports loss due to weather events, sees growth and efficiency ahead
SYDNEY, AUSTRALIA: Tower Limited, a New Zealand-based insurance company, has announced its full year results for the year ending 30 September 2023. The company reported a loss of $1.2 million, compared to a profit of $18.9 million in the previous year, mainly due to the impact of catastrophic weather events that cost $55.6 million in…
Partners Group is selling Civica to Blackstone
LONDON, UK: Partners Group, investment manager of Princess Private Equity Holding, is selling Civica, a global provider of cloud software solutions for the public sector, to Blackstone. Headquartered in the UK, Civica provides cloud software solutions to over 6,000 organisations across seven countries that deliver critical services to citizens. Civica’s solutions are designed to help…
Syncona Ltd to acquire all shares of Freeline Therapeutics at the rate of $6.5/share
LONDON, UK: Syncona Ltd’s newly established portfolio company has entered into an agreement with Freeline Therapeutics Holdings plc to acquire all of the shares of Freeline that Syncona does not currently own in an all-cash transaction. Syncona currently owns 49.7% of Freeline. Under the agreement, a newly established Syncona portfolio company will acquire Freeline for…
Pakistan’s auto assembling sector shines despite import woes
KARACHI: Pakistan’s auto assembling sector has been in the spotlight at the Pakistan Stock Exchange (PSX) outperforming the KSE 100 Index by 12% since Pak Suzuki (PSMC) announced its voluntary delisting on October 12, 2023. According to an analyst at Sherman Securities, this has created excitement among investors as this delisting will unlock fair valuation…
BrainChip appoints former HP AI head, Tony Lewis, as new CTO
BrainChip Holdings Ltd, a leader in edge AI on-chip processing and learning, has announced the hiring of M. Anthony (Tony) Lewis as its new Chief Technology Officer (CTO). Tony will replace Peter Van der Made, the co-founder and current CTO of BrainChip, who will retire at the end of the year. Tony has extensive experience…
Merck signs $610 million deal to acquire Caraway Therapeutics
LONDON, UK: Merck, a global leader in biopharmaceuticals, has announced that it has entered into a definitive agreement to acquire Caraway Therapeutics, Inc., a company specialized in developing novel, small-molecule therapeutics for the treatment of neurodegenerative and rare diseases. The deal is worth up to $610 million, including an undisclosed upfront payment and contingent milestone…
Grainger plc agrees to form JV partnership with Network Rail and Bloc Group
LONDON, UK: Grainger plc, the UK’s largest listed residential landlord with over 10,000 operational rental homes, has agreed to enter a partnership with Network Rail and Bloc Group, through ‘blocwork’, a Joint Venture between the two parties. The partnership has the potential to deliver over 2,000 new purpose-built rental homes across sites in major cities…
Abri Group Limited & Octavia Housing enter partnership talks
LONDON: Abri Group Limited (Abri) and Octavia Housing (Octavia) have agreed to enter into discussions with a view to forming a legal partnership. The legal structure in which the two groups will be brought together remains to be determined and further information will be provided in due course. The partnership will be subject to the…
Wishbone Gold to acquire lithium and gold project in Western Australia
LONDON, UK: Wishbone Gold Plc, a mining exploration company, has announced that it has secured an exclusive option to acquire 100% of the Crescent East Lithium and Gold Project, located in the Pilbara Region of Western Australia. The project is situated in a prolific gold area and near some of the biggest lithium mines and…