SYDNEY, AUSTRALIA: , Exopharm Limited has announced an agreement to acquire all issued capital of Tryp Therapeutics Inc. through a Canadian plan of arrangement. The deal will see Tryp shareholders receive 3.616 Exopharm shares for each Tryp share held, marking a substantial shift in Exopharm’s business scale and activities. The acquisition necessitates shareholder approval and…
How to avoid deceptive marketing practices in influencer marketing
Influencer marketing has become an integral part of modern advertising strategies with social media platforms serving as key avenues for brands to reach their target audience. An influencer-driven marketing campaign is a promotional strategy that leverages the popularity, credibility, and reach of social media influencers to endorse or promote a brand, product, or service. Online…
Mimi Stansbury becomes new CEO of OFS Portal LLC
OFS Portal, LLC, a leading provider of B2B eCommerce solutions for the energy industry, has appointed Mimi Stansbury as its new CEO, effective 1 March 2024. She succeeds Chris Welsh, who has led the firm for nine years and expanded its community from 200 to over 600 oil & gas operators. Mimi Stansbury has a…
Indicor buys AGR International, a leader in beverage packaging quality control
Indicor, LLC., a diversified industrial company, has announced the acquisition of AGR International, a provider of quality and process control technologies for the global beverage packaging industry. AGR’s solutions help customers meet their quality, productivity, and sustainability goals by offering laboratory and inline equipment and automated process systems. AGR has a strong market position and…
Vescent raises $5M to boost quantum technology commercialization
Vescent, a company that develops and manufactures quantum technology solutions, has secured $5 million in Series Seed funding from Corporate Fuel and Caruso Ventures. The funding will help Vescent accelerate its new product development, scale up its manufacturing capacity, and expand its market reach. Vescent’s products include Frequency Combs, Lasers, and Controls for various quantum…
Entain reports strong results for 2023 and announces strategic priorities
LONDON: Entain plc, the global sports betting and gaming group, announced its results for the year ended 31 December 2023, showing a 14% increase in net gaming revenue and a 1% increase in EBITDA. The group also announced its revised strategic priorities, focusing on driving organic growth, expanding online margins, and increasing US market share….
ITV reports resilient results despite ad slump
LONDON: ITV Plc, the UK’s largest commercial broadcaster, announced its full year results for 2023, showing a robust financial performance despite a challenging advertising market. The company saw a 2% drop in total revenue and a 32% fall in adjusted EBITA, but also achieved record revenues in ITV Studios and 19% growth in digital revenues….
Permanent TSB Group reports strong profits and capital position for 2023
LONDON: Permanent TSB Group Holdings plc (PTSB), one of the leading retail banks in Ireland, announced its annual results for the year ended 31 December 2023, showing a significant improvement in its profitability, capital and market share. The bank reported an underlying profit before tax of €166 million, up from €45 million in 2022, and…
Aviva Plc reports 9% increase in operating profit to £1.46 billion in 2023
LONDON, UK: Aviva Plc, the UK’s largest insurer, announced its 2023 annual results on Thursday, showing a 9% increase in group operating profit to £1,467m and a 12% increase in solvency II operating own funds generation to £1,729m. The company also declared a final dividend of 22.3 pence per share, up 8% from the previous…
Duke Capital exits Fabrikat with 36% IRR and equity gain
LONDON, UK: Duke Capital Limited, a leading provider of hybrid capital solutions for SMEs, has announced the successful exit of its investment in Fabrikat, a UK manufacturer of street lighting columns and guard rails. The exit delivers an internal rate of return (IRR) of 36% for Duke, with the possibility of further gains from deferred…
Harbour Energy reports 2023 results
LONDON: Harbour Energy plc, an independent oil and gas company, today announced its results for the year ended 31 December 2023 and provided an update on its outlook and acquisition plans. Harbour financial highlights The company reported a production of 186 kboepd, within guidance, and operating costs of $16/boe, in line with guidance, for 2023….
Hansard Global reports 32% rise in profit amid higher fees and interest rates
LONDON, UK: Hansard Global plc, the specialist long-term savings provider, announced its results for the six months ended 31 December 2023, showing a 32% increase in profit before tax to £4.1m, compared to £3.1m in the same period last year. Hansard Global attributed the improved performance to higher fee income, especially from its international business,…