AMSTERDAM: OCI Global, a leading producer and distributor of nitrogen fertilizers and industrial chemicals, announced its financial results for the fourth quarter and full year 2023, showing a significant decline in revenues and earnings due to lower global nitrogen prices. The company also revealed that it has sold its stakes in Fertiglobe and Iowa Fertilizer…
Capgemini beats financial targets in 2023 despite market slowdown
PARIS: Capgemini, a global leader in consulting, technology and outsourcing services, announced its 2023 financial results on Tuesday, showing a solid performance in a challenging economic environment. The Group reported revenues of €22.5 billion, up 2.4% year-on-year, and an operating margin of 13.3%, exceeding its target range. Net profit increased by 7% to €1.7 billion,…
Balanced Commercial Property Trust agrees to sell Leonardo Building in Crawley for £26.1 million
LONDON, UK: Balanced Commercial Property Trust (BCPT), as part of its stated strategy to reduce its exposure to the challenged UK offices sector and rebalance its portfolio, the company has exchanged contracts on the sale of the Leonardo Building in Crawley, a 110,000 sq. ft. out-of-town business park office. The sale has been exchanged unconditionally…
HEPCO acquires majority stake in Watermen, a leading lifeguard uniform supplier
HEPCO Capital Management, a family investment firm, has announced the acquisition of a majority stake in Original Watermen, a supplier of lifeguard uniforms for various organizations, including the U.S. military. Watermen was founded in 2005 by Jen and Ken Miller, former professional lifeguards, who will remain as shareholders and advisors. HEPCO is partnering with Daniel…
Citi invests in fintech startup Exponential Markets to boost risk mitigation tools
Citi has invested in Exponential Markets, a fintech startup that is developing tradable financial instruments for new and underserved markets, such as the automotive sector. Exponential Markets, formerly branded Exponential Exchange, announced a strategic investment from Citi through its Markets Strategic Investments unit. The investment was part of Exponential’s seed round, which raised over $10…
Miami Beef acquires Hofmann Sausage, expands its product range
Miami Beef, a leading provider of fresh and frozen meat products, announced on Tuesday that it has acquired Hofmann Sausage, a historic sausage and hot dog brand based in Syracuse, New York. Hofmann Sausage, founded in 1879, is the top-selling sausage and hot dog brand in the Central New York area. Its products include beef…
Nothing Phone (2a) launch date and design revealed by Carl Pei
Nothing, the new brand founded by former OnePlus co-founder Carl Pei, has announced the launch date for its upcoming mid-range smartphone, the Nothing Phone (2a). The device will be officially unveiled on Tuesday 5 March 2024 at 11:30 GMT, after the Mobile World Congress (MWC) in Barcelona. The brand has also released a new YouTube…
How to Boost Your Creativity and Innovation with AI in 2024: Top 5 Data-Driven Strategies
The landscape of creativity is undergoing a seismic shift. No longer just the domain of the lone genius, the creative process is increasingly becoming a collaborative effort fueled by artificial intelligence (AI). This isn’t science fiction; it’s happening right now, and businesses stand to gain a significant edge by embracing it. Creativity is not a…
Foundation Source acquires PG Calc to expand charitable giving solutions
Foundation Source, provider of cloud-based SaaS solutions and management services for private foundations, has acquired PG Calc, the leader in planned giving services and software. The acquisition will enable Foundation Source to provide specialized support and expertise across the giving ecosystem — to donors and nonprofits and their various financial and philanthropic advisors. It will…
Blue Stream Fiber secures strategic investment from Sixth Street
Blue Stream Fiber, a leading provider of fiber-optic connectivity services, has received a strategic investment from Sixth Street, a global investment firm. The deal, announced on Tuesday, will provide Blue Stream Fiber with additional resources to expand its network and customer base across the country. Blue Stream Fiber, headquartered in Coral Springs, Florida, offers 10…
Lexitas acquires Medical Legal Reproductions to expand record retrieval services
Lexitas, a leading provider of technology-enabled litigation services and a portfolio company of funds advised by Apax, has announced its acquisition of Medical Legal Reproductions, Inc. (MLR), a record retrieval company based in Philadelphia, PA. The acquisition will allow Lexitas to enhance its record retrieval capabilities and serve a broader range of customers in the…
David Hanson appointed as CEO of Flibe Energy Inc.
Flibe Energy, Inc. (FEI), an advanced nuclear reactor development company, has announced that David Hanson will be its new Chief Executive Officer. Hanson, who joined FEI in 2019 as a director and became the COO in 2022, will work closely with Founder Kirk Sorensen to lead the company’s vision and strategy. Hanson has a background…