LONDON: Domino’s Pizza Group has signed a binding sale and purchase agreement to acquire the remaining 85% shareholding it does not already own in Shorecal Limited, the largest Domino’s franchise business operating in the Republic of Ireland and Northern Ireland, from Charles Caldwell, Adrian & Anne Caldwell, and SC Holdings I Ltd, an investment vehicle…
Alcoa Corporation signs scheme to acquire Alumina Limited
SYDNEY, AUSTRALIA: Alumina Limited has announced the signing of a Scheme Implementation Deed with Alcoa Corporation, paving the way for Alcoa to acquire all outstanding shares of Alumina. This transaction will see Alumina shareholders receive 0.02854 shares of Alcoa common stock for each share of Alumina, representing a 19.5% premium over the past year’s average…
WAM Leaders and QV Equities announce merger agreement
SYDNEY, AUSTRALIA: WAM Leaders Limited (ASX: WLE) has announced a Scheme Implementation Agreement to merge with QV Equities Limited (ASX: QVE), in a transaction poised to reshape the landscape of listed investment companies. Under the proposed Scheme of Arrangement, WAM Leaders will acquire all shares of QVE, offering QVE shareholders new WAM Leaders shares as…
Americans bought $48 billion worth of chocolate and candy in 2023
Chocolate and candy are more than just treats – they are part of our culture, our traditions, and our emotions. That’s the main message of the 2024 State of Treating report, released today by the National Confectioners Association (NCA). The report, which analyzes the trends, preferences, and behaviors of U.S. confectionery consumers, shows that the…
StoreDot and EVE Energy join forces to produce ultra-fast charging batteries for EVs
StoreDot, the company behind the revolutionary 100in5 battery technology that can charge an electric vehicle in just five minutes, has announced a strategic partnership with EVE Energy, one of the world’s top battery manufacturers. The partnership, which was signed today, will enable StoreDot to access EVE’s large-scale production facilities and to license its technology to…
Iconic Labs advances towards strategic acquisition of In The Style Fashion
LONDON: Iconic Labs, a prominent player in the corporate arena, announced a temporary suspension of its share trading on the London Stock Exchange. The Financial Conduct Authority (FCA) mandated the halt, coinciding with Iconic’s ongoing negotiations for a significant acquisition. The company’s board expressed its enthusiasm as it entered preliminary, non-binding agreements with ITS Holdings…
Foresight Enterprise VCT announces sale of Specac International
LONDON: Foresight Enterprise VCT Plc has successfully divested its stake in Specac International Limited, a leading manufacturer of mass spectroscopy accessories. The sale culminated in a substantial £11.2 million in proceeds, marking a tenfold return on the initial investment, with an impressive internal rate of return (IRR) of 34%. Prior to the transaction, the company’s…
OTE S.A. to spin off mobile towers business, review pay-tv operations
ATHENS: The Hellenic Telecommunications Organization S.A. (OTE S.A.), the largest telecom operator in Greece, said on Monday that it is planning to spin off its mobile towers business into a separate entity, as part of its strategy to boost its value and performance. The company, which operates under the COSMOTE brand, said that it has…
TerraPay and Alfardan Exchange join hands to offer innovative cross-border payments
TerraPay, a global cross-border payments network, has entered into a strategic partnership with Alfardan Exchange, one of the leading remittance service providers in the region. The collaboration aims to leverage the strengths of both parties to offer seamless, cost-effective, and efficient cross-border payments to customers across various corridors. TerraPay’s advanced digital payment infrastructure enables instant…
Sanderson Design signs collaboration to launch online shop for Morris & Co.
LONDON: Sanderson Design Group PLC (AIM: SDG), the luxury interior design and furnishings group, announced a direct-to-consumer collaboration in which Morris & Co. wallpapers, fabrics and licensed products will be made available from a dedicated online shop serving customers in the UK, USA and other countries worldwide. This online collaboration is in line with the…
Shaftesbury Capital acquires 25-31 James Street, Covent Garden
LONDON: Shaftesbury Capital has completed the acquisition of the freehold interests in 25-31 James Street, Covent Garden for £75.1 million. The properties have a contracted rent of £3.9 million and comprise 21,000 square feet of lettable area, including 12,000 square feet of retail and 9,000 square feet of residential and office accommodation. This acquisition presents…
HUI and Powerhouse Energy partner to build hydrogen plant in Ireland
LONDON: Hydrogen Utopia International PLC (HUI), a company that converts non-recyclable mixed waste plastic into hydrogen and other green fuels, has announced a new partnership with Powerhouse Energy Group Plc (PHE), a leader in low-carbon hydrogen production technology. The two companies have signed a subscription and shareholder agreement to build a waste plastic to hydrogen…