PARIS: BT Group has joined forces with Broadpeak®, a global leader in content delivery network (CDN) and video streaming solutions, to unveil a pioneering live video streaming service. This new venture is set to redefine the standards of live broadcasting with the introduction of the Multicast-Assisted Unicast Delivery (MAUD) solution, powered by Broadpeak’s cutting-edge nanoCDN™…
Substrate AI buys majority stakes in both BINIT. and DELTANOVA
LONDON: Substrate AI has completed the acquisition of an additional 21% of the share capital of both BINIT, S.R.L. and DELTANOVA, S.A., the parent companies of the BINIT Group. In November 2023, the Company announced that it had acquired 70% of these companies for a total consideration of €6,000,000. As per the announcement dated 03…
Money transfers to Egypt experience notable surge
DUBAI: Al Ansari Exchange, the largest remittance and foreign exchange company in the United Arab Emirates, and a subsidiary of Al Ansari Financial Services Group, announced today witnessing a remarkable increase in the volume of money transfers sent from the UAE to Egypt following recent developments related to the Egyptian Pound exchange rate. The company…
Hill & Smith has acquired FM Stainless for $8.75 million
LONDON, UK: Hill & Smith plc, the international provider of sustainable infrastructure products and services, announced the acquisition of FM Stainless, LLC. The Group has completed the acquisition of the business and assets of FM Stainless from its principal shareholder, Chad Hood, who will be staying with the business. The initial cash consideration is $8.25m…
Tide, UK’s top business financial platform, launching in Germany
Tide, the United Kingdom’s premier business financial platform, has announced its launch in Germany. This expansion marks Tide’s second international venture, hot on the heels of its successful foray into the Indian market last year. Tide has carved a niche in the UK by offering a suite of highly integrated finance and administrative solutions tailored…
Domino’s signs to acquire remaining of 85% shares in Shorecal Limited for €72m
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…