LONDON, UK: Coro Energy PLC, a South East Asian energy company with a focus on natural gas and clean energy, has announced that it will sell its stake in ion Ventures Holdings Ltd to a private US entity, SLT1 LLC, for £1.25 million ($1.59 million) in cash. Coro will receive £1 million upfront and the…
Ashington Innovation agrees to acquire Calon Cardio-Technology for £39 million
LONDON, UK: Ashington Innovation plc has entered into a non-binding heads of terms agreement with Calon Cardio-Technology Limited, to acquire 100% of the outstanding shares in Calon in an all-share transaction. The acquisition is subject to the completion of the proposed reverse takeover of Cell Therapy Limited (CTL) announced on 19th August 2023 as well…
Intertek Group plc has acquired PlayerLync Holdings Inc.
LONDON, UK: Intertek Group plc has acquired PlayerLync Holdings Inc., a leading SaaS-based platform which combines mobile learning, operational support and compliance, content management and people engagement in a single application. Post-Covid, corporations around the world have intensified their focus on quality, health, safety and wellbeing, resulting in growing demand for bespoke People Assurance solutions…
Cordiant Digital Infrastructure to acquire Ireland’s Speed Fibre for €190.5 million
LONDON, UK: Cordiant Digital Infrastructure Limited has entered into an agreement to acquire the entire issued share capital of Speed Fibre DAC, Ireland’s leading open access fibre infrastructure provider. Speed Fibre is being acquired from the Irish Infrastructure Fund for a total enterprise value of €190.5 million. The equity consideration of €97 million will be…
AVADA Group will acquire STA Traffic Management for $8.5 million
SYDNEY, AUSTRALIA: AVADA Group Limited (ASX: AVD), a leading traffic management operator in Australia and New Zealand, has announced that it will acquire STA Traffic Management, one of the top five traffic management companies in Victoria. The acquisition will strengthen AVADA’s presence and market share in Victoria, as well as diversify its client base in…
Shannon Eisenhardt to succeed Jeff Carr as Reckitt’s chief of finance
Consumer goods conglomerate Reckitt has revealed its upcoming finance chief transition, with the current CFO, Jeff Carr, set to retire in March. Taking over the financial reins will be Shannon Eisenhardt, currently serving as the finance chief of Nike’s consumer, brand, and marketplace division. According to Irishexaminer, the shift in leadership comes amidst a backdrop of strategic…
Lightyear and BlackRock launche high-yield money market funds for Uk retail investors
LONDON: Investment platform Lightyear has launched three high-yield money-market funds for UK retail investors, in collaboration with BlackRock, according to international-adviser. Highlights: · The funds are designed to be a low-risk investment, with a target net asset value of $/€/£ 1 per share. · The funds are open to all UK retail investors, regardless of their investment experience…
M&S to regain place on London’s blue-chip FTSE 100 Index
LONDON: Marks and Spencer Group (M&S) is set to regain its place on the FTSE 100 index after four years, following strong share price gains this year. Highlights: · M&S’s strong performance this year has been driven by a number of factors, including a recovery in its clothing business and a lift to interim guidance. · The…
European business activity contracts to lowest since November 2020 amidst lingering economic challenges
European economies face renewed contraction, marked by a notable decline in business activity throughout August, reaching levels not seen since November 2020. LONDON: The Eurozone’s flash composite Purchasing Managers’ Index (PMI), a key indicator of economic health, stumbled to 47.0 for August, down from July’s 48.6, indicating a more substantial contraction than anticipated by economists….
The Synergistic Role of Medicine and Therapists: A Holistic Approach to Healing
In the realm of healthcare, the collaborative efforts of medical professionals and therapists play a pivotal role in addressing physical, mental, and emotional well-being. This harmonious partnership brings together the expertise of two distinct yet interconnected fields to provide patients with comprehensive and holistic care. Let’s delve into the symbiotic relationship between medicine and therapists…
Kasikornbank (KBank) eyes $1 billion deal to buy Home Credit Vietnam
Kasikornbank, Thailand’s second-biggest lender, is in talks to buy Home Credit Vietnam, a consumer finance provider, in a deal worth up to $1 billion, Reuters reported. The deal would further its push to expand in Vietnam, where it hopes to become one of the top 20 banks by 2027. Home Credit Vietnam is a subsidiary…
Summerset Group buys two new properties in Rolleston and Mosgiel
AUCKLAND, NZ: Summerset Group, a leading retirement village operator in New Zealand, has announced the purchase of two new properties in Rolleston (Christchurch) and Mosgiel (Dunedin) for more than $400 million. The company said that the new sites will each offer over 300 units and will cater to the growing demand for retirement living in…