SunCoke Energy, Inc. (NYSE: SXC), a leading producer of high-quality coke for the steel industry, today announced that its Chief Executive Officer and Board member Michael G. Rippey will retire on May 15, 2024. He will be succeeded by Katherine T. Gates, the current President of the Company, who will also join the Board as…
Vertical Aerospace secures $50 million funding from CEO and founder
Vertical Aerospace, a global aerospace and technology company that is pioneering zero emissions aviation, announced that it has entered into an investment agreement with its CEO and founder, Stephen Fitzpatrick, who will provide up to $50 million of funding to the company in the form of an equity investment. The investment follows a previous agreement…
Mayfair Capital Partners acquires Baseline Fitness, a leading Planet Fitness franchisee
Mayfair Capital Partners, a division of Oxford Financial Group, has acquired Baseline Fitness, a leading franchisee in the Planet Fitness system, from Freeman Spogli and Co. The investment closed on February 2, 2024, and terms were not disclosed. Baseline Fitness, founded in 2009 and headquartered in Fargo, North Dakota, operates 100 Planet Fitness locations across…
Elve Inc raises $15M to boost wireless connectivity beyond 5G
Elve Inc., a company that develops high-efficiency lightweight millimeter-wave power amplifiers, has secured $15M in Series A funding from a group of investors, including Lockheed Martin Ventures and TomEnterprise Private AB. The company’s power amplifiers enable wireless connectivity beyond 5G, by integrating advanced manufacturing technologies into vacuum electronic devices. Elve’s products can enhance communication with…
How Customer-Service Reps and Consumers Are Manipulating Satisfaction Surveys
Customer satisfaction surveys are everywhere. Whether you buy something online, call a helpline, or visit a store, chances are you will be asked to rate your experience. But how reliable are these ratings? And what do they really tell us about the quality of customer service? A new study by Callvu, the industry-leading Digital Customer…
Lean Mobility secures ¥2.8 billion investment for urban compact EV
Lean Mobility, a Japan-Taiwan alliance company, has announced that it has received a ¥2.8 billion investment from a consortium of Taiwanese automotive-related companies to develop and launch its urban compact electric vehicle (EV), Lean3, by mid-2025. Lean3 is a new mobility genre called RideRoid, which combines posture control robotics technology with advanced automotive driving techniques….
Sydnic acquires four Precision Garage Door Service franchises in North Carolina and Virginia
Sydnic, LLC, a leading franchisee of Precision Garage Door Service™, has announced the acquisition of four Precision franchises in North Carolina and Virginia from Tim and Lynn Yeager and Scott and Shauna Kale. The deal expands Sydnic’s presence in the residential garage door services market to 14 locations. Sydnic President Chad Aspinwall said he was…
ALKEME acquires Ferrante Insurance Services
ALKEME, a Top 40 Insurance Brokerage and a full-service insurance agency, has announced the acquisition of Ferrante Insurance Services, a retail insurance agency serving the Western United States. The deal will enhance ALKEME’s offerings of commercial and personal insurance, employee and executive benefits, and retirement and wealth management services to its customers. “We are really…
1Spatial signs contract with UK Power Networks for traffic management automation
LONDON: 1Spatial, a global leader in Location Master Data Management software and solutions, has secured a 12-month contract with UK Power Networks, the largest electricity distributor in the UK, for its 1Streetworks solution. The cloud-based software automates the production of traffic management plans, diversion routing and asset inventory lists for road works, saving time and…
Nestlé posts strong growth and higher margins in 2023
Nestlé, the world’s largest food and beverage company, announced its full-year results for 2023 on Thursday, showing robust organic growth and improved profitability despite the challenges of the COVID-19 pandemic and currency fluctuations, a company announcement noted. The Swiss-based company reported organic growth of 7.2%, driven by strong pricing of 7.5% and offset by a…
PayPoint and Royal Mail announce partnership
LONDON, UK: PayPoint Plc announced a partnership with Royal Mail across its Collect+ network, the leading Out of Home (OOH) parcel pick up, drop off and send service in the UK. The multi-year agreement will enable parcel drop off for Royal Mail customers at 5,000 Collect+ stores in communities across the UK by the summer….
Angus Energy and Trafigura to explore gas storage in UK’s largest onshore field
LONDON, UK: Angus Energy plc, a UK-based oil and gas producer, has signed a Memorandum of Understanding with a subsidiary of Trafigura Group Pte Ltd., a global commodity trading company, to explore the possibility of developing an underground gas storage facility in the Saltfleetby Gas Field in Lincolnshire. The Saltfleetby Gas Field is the UK’s…