LONDON, UK: Fixtaia Limited, a private investment company, has announced that it has completed an investment of £10 million in Nash Squared group, a leading global provider of technology solutions and talent acquisition, as part of a refinancing by Nash Squared. The investment was made through the subscription of £10 million fixed rate unsecured 15%…
How German Companies Are Thriving in the U.S. Market: A 2024 Outlook
What do German companies have in common with the U.S. economy? A lot, according to the latest report from the German American Chambers of Commerce (AHK USA). The 2024 German American Business Outlook (GABO) reveals the optimism, growth, and innovation of the German business community in the U.S., as well as the challenges and opportunities…
Carrefour to buy 25 Casino Group’s stores in France
PARIS: Carrefour, the French retail giant, has agreed to buy 25 hypermarkets and supermarkets from its rival Casino Group, in a deal that will reshape the country’s grocery landscape. The deal, which was announced on Friday, follows a memorandum of understanding signed by Casino and another retailer, Groupement Les Mousquetaires, on 24 January 2024. Under…
L’Oréal and Prada join forces for Miu Miu beauty products
PARIS, FRANCE: L’Oréal Groupe and Prada S.p.A have signed a long-term license agreement to create and distribute luxury beauty products for the Miu Miu brand, a unique and experimental fashion label founded by Miuccia Prada in 1993. The partnership will leverage Miu Miu’s distinctive style and L’Oréal’s expertise in fragrances, which are expected to launch…
Groupe SNEF to buy 75.72% stake in VISIATIV for €170.7 million
PARIS, FRANCE: Groupe SNEF, a leading French engineering and services company, announced on Tuesday that it has entered into exclusive negotiations with the main shareholders of ALLIATIV, the controlling shareholder of VISIATIV, a company specialized in digital transformation and innovation for SMEs and mid-cap companies. The deal, which is expected to close in the first…
Aperam reports lower earnings and shipments in 2023 amid market crisis
AMSTERDAM: Aperam, a leading global stainless steel producer, announced its results for the full year and the fourth quarter of 2023, showing a decline in earnings and shipments due to the challenging market conditions. The company reported an adjusted EBITDA of EUR 304 million in 2023, compared to EUR 1,129 million in 2022, a decrease…
Sensorion raises €50.5 million to advance hearing loss therapies
Sensorion, a biotech company focused on developing novel treatments for hearing loss disorders, announced today that it has raised €50.5 million from a group of investors, including existing shareholders Redmile Group, Invus and Sofinnova Partners, and new US healthcare specialists funds. The company will issue 88.6 million new shares at €0.57 each. The funds will…
Victrex Plc reports 22% drop in Q1 revenue amid weak end-markets
LONDON, UK: Victrex Plc, a world leader in high performance polymer solutions, announced a 22% decline in Q1 revenue due to challenging conditions in several end-markets, such as Electronics, Energy & Industrial and Value Added Resellers (VAR). The company, which delivers sustainable products that enable environmental and societal benefit in multiple sectors, said its Q1…
Hargreave Hale AIM VCT reports improved performance in Q2 2023
LONDON, UK: Hargreave Hale AIM VCT PLC, a venture capital trust that invests in small and medium-sized enterprises, released its interim management statement for the second quarter of the 2022/23 financial year, covering the period from 1 January 2023 to 31 March 2023. The company reported a net asset value (NAV) per share of 62.3…
Schroders Capital Global Innovation Trust invests in Neurona Therapeutics
LONDON, UK: Schroders Capital Global Innovation Trust has made an investment of $1.6 million (£1.3 million) in Neurona Therapeutics, a US-based clinical-stage cell therapy company. The Company participated in Neurona’s Series E financing round, which raised $120 million and was co-led by Viking Global Investors and Cormorant Asset Management with participation from new and existing…
Barclays Bank UK to acquire retail banking business of Tesco Bank for £600 million
LONDON, UK: Barclays PLC announced that Barclays Bank UK has entered into an agreement with Tesco Personal Finance plc (Tesco Bank) to acquire the retail banking business of Tesco Bank, which includes credit cards, unsecured personal loans, deposits and the operating infrastructure. Additionally, Barclays UK will enter into a long-term, exclusive strategic partnership with Tesco…
KONGSBERG reports record-high order backlog and doubles dividend
KONGSBERG, a leading technology group in Norway, announced its financial results for 2023, showing strong growth, profitability, and order intake. The company also proposed a dividend of NOK 14 per share, which is almost double from last year. The company’s order intake for 2023 was NOK 65.4 billion, corresponding to a book/bill ratio of 1.61….