LONDON, UK: AB Ignitis grupė subsidiary UAB Ignitis renewables has signed a conditional sale and purchase agreement with UAB “E energija” for the acquisition of 100% of the shares in its two companies developing an onshore wind farm in the Kelmė district. The wind farm’s capacity is estimated to reach up to 300 MW. The…
Electric truck maker Lordstown Motors goes bankrupt and sues Foxconn
Lordstown Motors (RIDE.O), a U.S. electric truck manufacturer, has filed for bankruptcy protection and put itself up for sale after a dispute with Taiwan’s Foxconn over a promised investment. The company filed for Chapter 11 protection in Delaware on Tuesday and sued Foxconn in the same court, accusing the electronics giant of fraud and breach…
Rapid Nutrition advances production of flagship brands to enter thriving Asia Pacific market
PARIS, FRANCE: Rapid Nutrition PLC (Euronext Growth: ALRPD), a leading global natural wellness company, is making significant strides in the production and distribution of its flagship weight loss brand SystemLS and its patented herbal immunity formula Azurene, with a strong focus on entering the thriving Asia Pacific market. Building on the recent funding agreement with…
CLS announces the sale of three properties at 7.5% above valuation
LONDON, UK: CLS announces that it has unconditionally exchanged or completed on three property disposals for a total of £49.0 million excluding costs at an average of 7.5% above 31 December 2022 valuations. CLS has unconditionally exchanged contracts to sell Westminster Tower, Albert Embankment to Australian developer Third.i with expected completion in September 2023. Having…
Asia Strategic Holdings to launch coding schools for kids in Vietnam and Myanmar
LONDON, UK: Asia Strategic Holdings Ltd. (LSE: ASIA), a developer and operator of consumer businesses in emerging Asia, has announced that it has signed an exclusive franchising deal with Logiscool, kft, a Hungarian company that teaches coding and digital literacy to children in fun-based after-school centres. Logiscool has over 185,000 students across about 170 locations…
Arecor Therapeutics granted key patents in Europe and China
CAMBRIDGE, UK: Arecor Therapeutics plc (AIM: AREC), the biopharmaceutical group advancing today’s therapies to enable healthier lives, announced that the European Patent Office has granted a key patent (EP3518892), protecting novel formulations of the Group’s proprietary insulin products, AT278 and AT247. In addition, the China National Intellectual Property Administration has granted a further patent (CN110582285)…
Aukett Swanke appoints Freddie Jenner as Chief Operating Officer
LONDON, UK: Aukett Swanke Group plc (AIM: AUK), the UK-listed Smart Buildings Group, announced the appointment of Freddie Jenner FCCA to the Board as Chief Operating Officer, with immediate effect. Freddie joined the finance team at what is now Torpedo Factory Ltd in 2007, becoming Finance Director of the parent company Torpedo Factory Group Limited…
Eleco Plc acquires project management software firm BestOutcome for £4.825m
LONDON, UK: Eleco Plc (AIM: ELCO), a specialist software provider for the built environment, has announced that it has bought BestOutcome Limited, a UK-based SaaS business that offers project portfolio management (PPM) software, for an initial cash consideration of £4.825m (an adjusted initial value of £3.525m on a cash-and-debt-free equivalent). The deal will be funded…
Collins Foods appoints Andrew Leyden as Group Chief Financial Officer
SYDNEY, AUSTRALIA: Collins Foods Limited (ASX: CKF) has appointed Andrew Leyden as Group Chief Financial Officer, commencing in early October 2023. Andrew Leyden is a highly commercial and experienced finance leader. He has deep experience leading finance functions and organisations across multiple geographies, and has a strong track record of developing strategy including building businesses…
Torque Metals announces divestment of the Bullfinch Project
SYDNEY, AUSTRALIA: Torque Metals Limited (ASX: TOR) has announced a conditional binding Sale Agreement with TSX-V listed Altan Rio Minerals Ltd for the divestment of the Bullfinch Project. The project is situated 34 kilometers north of Southern Cross in Western Australia and consists of five wholly owned Exploration Licences and one Exploration Licence Application covering…
Sonic Healthcare signs deal to acquire SYNLAB Suisse SA for CHF 150mn
SYDNEY, AUSTRALIA: Sonic Healthcare Limited announced the signing of binding agreements for the acquisition of SYNLAB Suisse SA, the Swiss laboratory network of SYNLAB Group. This acquisition follows SYNLAB Group’s strategic decision to divest its Swiss operations. SYNLAB Suisse operates 19 laboratories across Switzerland, employing approximately 600 staff. With annual revenues of approximately CHF100 million,…
Exchange rates for GBP against major currencies on June 27, 2023
LONDON: The latest exchange rates for GBP against major currencies such as USD, EUR, JPY, AUD and more. Stay up-to-date on the latest fluctuations and trends in the GBP-exchange market. According to www.exchangerates.org.uk: GBP-EUR 1.1659 Pounds to Euros GBP-USD 1.2736 Pounds to Dollars GBP-NZD 2.0569 Pounds to New Zealand Dollars GBP-AUD 1.8966 Pounds to Australian…