LONDON: As the UK economy faces multiple challenges, all eyes are on the Bank of England this Thursday as it’s expected to maintain its 5.25% interest rate. With economic indicators signaling weakness and the looming possibility of a recession, the central bank’s past forecast downgrades and concerns from economic agents about subdued activity will weigh…
Suncorp Bank appoints Bruce Rush as new CEO amid sale to ANZ
SYDNEY, AUSTRALIA: Suncorp Group has named Bruce Rush as the new CEO of Suncorp Bank, effective from 4 December 2023, subject to regulatory approvals. Mr Rush has been with Suncorp since 2010 and has held various senior roles, including Acting CEO and Executive General Manager Home Lending. He has been instrumental in improving the Bank’s…
Bark Social acquires dog-friendly bar Barkhaus in Virginia
Bark Social, a social club for dogs and dog lovers, has bought Barkhaus, a dog-friendly bar in Alexandria, Va. The new owners will keep the bar open for dogs and humans, but will also add new features such as trained staff, social events, liquor, and a boutique. Barkhaus was founded in 2020 by Alex Benbassat…
SiTime Corporation acquires Aura Semiconductor to expand clock product portfolio
SiTime Corporation (NASDAQ: SITM), a precision timing company, has announced that it has entered into an exclusive agreement to acquire Aura Semiconductor’s clock products and license all of its clock IP. This is an all-cash transaction valued at $148 million, plus earnouts capped at $120 million. The transaction is expected to close by the end…
Boston Omaha’s InfoWest buys SunRiver Fiber Network in Utah
InfoWest, a subsidiary of Boston Omaha Corporation, has acquired the SunRiver Fiber Network and its internet and VoIP customers from Cable Systems of Nevada. The deal adds about 2,700 fiber passings and 1,000 active fiber customers to InfoWest’s existing fiber network in St. George, Utah. InfoWest’s Co-Founders, Randy Cosby and Kelly Nyberg, said that the…
Inari Medical to acquire LimFlow for up to $415 million
Inari Medical, a company that develops devices for venous and other diseases, has agreed to buy LimFlow, a company that offers a minimally-invasive solution for patients with severe peripheral artery disease who face leg amputation. The deal is worth up to $415 million and is expected to close by the end of 2023. LimFlow’s technology,…
Evertec acquires Brazilian software firm Sinqia
Evertec, a Puerto Rican company that provides technology solutions for the financial sector, has completed the acquisition of Sinqia, a Brazilian software provider for the same industry. Evertec’s CEO, Mac Schuessler, said that the deal will allow the company to expand its products and services in Latin America and become the region’s leading fintech. Evertec…
eCargo to distribute Nestlé’s coffee and dairy products in China
SYDNEY: eCargo Holdings Limited (ECG), a supply chain solutions provider for the Asia market, has announced a partnership with Nestlé, the world’s largest food and beverage company, to sell its coffee and dairy products in China through cross-border channels. eCargo will provide Nestlé with supply chain, distribution, eCommerce and digital marketing solutions for its coffee…
TotalEnergies extends partnership with Oman LNG
PARIS, FRANCE: TotalEnergies has signed an amendment to extend its partnership with Oman LNG, an Omani liquefied natural gas (LNG) joint venture in which the company holds a 5.54% stake. Located on the northeast coast of Oman, the Oman LNG liquefaction complex comprises two liquefaction trains, each with a capacity of 3.8 million metric tons…
Londonmetric Property Plc sells £24.5 million of assets
LONDON, UK: LondonMetric Property Plc announced the sale of four offices and two long income assets in separate transactions, for £24.5 million. Four non-core assets have been sold from the recently acquired CT Property Trust (“CTPT”) portfolio for £15.3 million, comprising three regional offices and a car showroom in Newbury. The buildings have a WAULT…
Soraya Benchikh appointed Chief Financial Officer and Executive Director at BAT plc
LONDON, UK: Soraya Benchikh has been appointed to the role of Chief Financial Officer and Executive Director and will join the BAT p.l.c. and Management Boards from 1 May 2024. She will succeed Javed Iqbal, who will continue to serve as interim Finance Director until 30 April 2024. Soraya has been President, Europe at Diageo…
e-therapeutics signs strategic collaboration with Arcturis Data Limited
LONDON, UK: e-therapeutics plc announced a strategic collaboration with Arcturis Data Limited, a UK data company with a high quality and enriched real-world data platform. The companies will integrate Arcturis’ Real-World Evidence (RWE), which utilises a platform comprised of high quality, clinically-rich real-world data, and analytical expertise derived from their unique access to anonymised patient…