AQEMIA, a tech-enabled drug discovery company that uses generative AI and deep physics to find new drugs, has secured an additional €30 million investment, bringing its Series A round to €60 million. The round was led by Wendel Growth and supported by existing investors Bpifrance Large Venture, Eurazeo and Elaia. The funding comes after AQEMIA’s…
UPTIQ acquires Focus Treasury and Credit Solutions
UPTIQ, a leading provider of holistic wealth management solutions, announced today that it has acquired Focus Treasury and Credit Solutions, LLC (FTCS), a subsidiary of Focus Financial Partners Inc., a partnership of independent wealth management firms. The deal will enhance UPTIQ’s AI-enabled technology by integrating FTCS’s client-centric approach to offering cash and credit solutions to…
How Graphite is Powering the Future of Electric Vehicles
Graphite is a key component of lithium-ion batteries, which are widely used in electric vehicles (EVs), smartphones, laptops, and other devices. Graphite is the main material in the anode, the negative electrode that stores and releases electrons during charging and discharging. Graphite accounts for more than 50% of the weight of a typical lithium-ion battery,…
Argentex reports flat revenue and profit, appoints interim CFO
LONDON: Argentex Group PLC, a currency management and payment solutions provider, announced today that its revenue and operating profit for 2023 were unchanged from 2022, at £49.8m and £8.0m respectively. The company said it invested heavily in people, technology and overseas expansion, but faced challenging market conditions and unexpected costs. The company also named Guy…
THFC appoints Priya Nair as its new Chief Executive
LONDON: The Housing Finance Corporation Limited (THFC), the UK’s leading affordable housing aggregator, announced the appointment of Priya Nair as its new Chief Executive. Priya Nair will take over from Piers Williamson, who will step down at THFC’s Annual General Meeting in July after 22 years as THFC’s Chief Executive. Priya will start her new…
Alkemy Capital and Syrah Resources to develop UK’s first graphite anode plant
LONDON, UK: Alkemy Capital Investments plc (Alkemy) and Syrah Resources Limited (Syrah) have signed a memorandum of understanding (MOU) to form a joint venture to build the UK’s first natural graphite active anode material (AAM) processing facility at the Wilton International Chemicals Park within the Teesside Freeport. The joint venture will use natural graphite from…
Fulcrum Metals signs LOI with Global Energy for uranium option and royalty deal
LONDON, UK: Fulcrum Metals plc (LON: FMET), a Canadian mineral exploration and development company, has signed a non-binding Letter of Intent (LOI) with Global Energy Metals Corporation (TSXV: GEMC) for an option and royalty agreement over its Saskatchewan uranium properties. The deal would give Global Energy Metals a two-year option to acquire a 19.9% stake…
Hill & Smith Plc appoints Hooman Caman Javvi as Chief Operating Officer
LONDON, UK: Hill & Smith Plc, the international provider of sustainable infrastructure products and services, announced the appointment of Hooman Caman Javvi, Group President, as Chief Operating Officer. Hooman Caman Javvi will retain his current responsibilities, while taking on a wider responsibility for the Group’s operations, talent development and medium-term strategy, and continuing to report…
Fintel Plc has acquired Owen James Events and Synaptic Software
LONDON, UK: Fintel Plc, the leading provider of fintech and support services to the UK retail financial services sector, has announced the acquisition of two leading fintech firms and a trading update for the year ended 31 December 2023. Fintel has acquired Owen James Events, the leading provider of strategic engagement events in UK financial…
Location Sciences acquires Sorted Holdings in reverse takeover
LONDON, UK: Location Sciences (AIM: LSAI), a provider of location intelligence solutions, has agreed to acquire Sorted Holdings Limited (SHL), a SaaS company operating in the ecommerce sector, for a nominal cash consideration of £66.73. The deal is a reverse takeover under the AIM Rules and requires the approval of Location Sciences’ shareholders, who will…
Voyager Life Plc has acquired Amphora Health
LONDON, UK: Voyager Life Plc has acquired Amphora Health Ltd, owner of the Amphora and Infused Amphora brands which comprise a range of CBD oils, vapour products and accessories. The consideration payable for Amphora will be satisfied through the issue of 416,666 new ordinary shares of £0.01 each in Voyager at a price of 12…
ADNOC Gas signs 10-year LNG supply deal with GAIL India
ABU DHABI: ADNOC Gas, a world-class integrated gas processing company, has announced a 10-year agreement to supply 0.5 mmtpa of LNG to GAIL India, India’s leading natural gas company. The deal strengthens ADNOC Gas’ global presence, especially in the Asian LNG market, and reinforces the relationship between the UAE and India. The agreement is one…