LONDON, UK: Grafton Group plc, the building materials distributor and DIY retailer with operations in Ireland, the UK, the Netherlands and Finland, announced that Chadwicks has entered into an agreement to acquire Rooneys Homevalue Limited (Rooneys), a distributor of building materials and DIY products from a single location in Kells, County Meath. Completion of this…
Denodo secures $336M from TPG Growth to expand data management software
Denodo, a Palo Alto-based company that provides data virtualization software, announced that it has raised $336 million in Series B preferred equity investment from TPG Growth, a global alternative asset manager. The deal also involves a secondary sale of shares by HGGC, a previous investor in Denodo’s Series A round in 2017, which will remain…
Port raises $18M in Series A to grow its open internal developer portal
A Series A funding round of $18 million has been secured by Port, an open internal developer portal based in Tel Aviv, Israel. This brings the total amount of money raised by the company to $23 million. The round was led by Team8, a global venture group that creates and invests in companies in various…
EY launches AI platform to boost its consulting products
EY, one of the world’s leading consulting firms, announced on Wednesday that it has invested $1.4 billion in artificial intelligence (AI) and launched a new platform called EY.ai, which offers AI-powered versions of its consulting products to businesses. The platform includes AI-embedded products such as EY Fabric, a data management product that is used by…
Citigroup to cut jobs and streamline management under new CEO
Citigroup CEO Jane Fraser has announced a major shake-up of the bank’s management that will result in more job cuts and a simpler structure. The heads of the bank’s five businesses will now report directly to Ms Fraser, who said the changes will “eliminate unnecessary complexity” and help meet the bank’s medium-term targets. The bank…
Apple faces EU backlash over iPhone 12 radiation levels
Apple’s latest model, the iPhone 12, has been banned in France for allegedly exceeding the European Union’s radiation exposure limits. The French radiation watchdog, ANFR, said on Tuesday that the phone’s Specific Absorption Rate (SAR) was 5.74 watts per kilogram, while the EU standard is 4.0 watts per kilogram. SAR measures the rate of radiofrequency…
What Does It Take To Become A Good Delivery Driver
The demand for delivery drivers has surged to unprecedented levels. Whether it’s delivering food, packages, or essential goods, delivery drivers play a vital role in ensuring the smooth flow of commerce. But what does it take to become a good delivery driver? It’s more than just driving a vehicle from point A to point B….
Vitol Investment Partnership reduces stake in Viva Energy by 16%
SYDNEY, AUSTRALIA: Vitol Investment Partnership, the largest shareholder of Viva Energy Group Limited, has sold 248.6 million ordinary shares in the Australian energy company, representing 16% of its issued share capital. The sale was done through a block trade agreement with two financial institutions, who underwrote the transaction. The sale increases the free float of…
German shoe maker Birkenstock files for U.S. IPO amid market recovery
German luxury shoe brand Birkenstock announced on Tuesday that it plans to go public in the United States. The company, which is known for its comfortable sandals, did not reveal how much money it expects to raise from the offering, but said that its sales increased by 19% to 644.17 million euros ($692.87 million) in…
Pental to sell consumer products business to Selleys for $60 million
SYDNEY, AUSTRALIA: Pental and its wholly owned subsidiary Pental Products entered into binding transaction agreements to sell the assets of the Pental Consumer Products business (excluding Duracell and Bondi Soap) and the Shepparton manufacturing facility to Selleys, a division of DuluxGroup (Australia) Pty Limited (Selleys) for a purchase price of $60 million. The Pental Board…
Equinox appoints new CEO with battery and iron ore expertise
SYDNEY, AUSTRALIA: Equinox Resources Limited (ASX: EQN) has announced the appointment of Mr. Zekai (Zac) Komur as its new Chief Executive Officer, effective immediately. Zac is a seasoned leader with over 23 years of experience in the resources sector, working for companies such as BHP, INPEX, Fortescue, and Northvolt. He has expertise in development, project…
Thirona raises €7.5 million for AI-based lung image analysis
Thirona, a Dutch company that specializes in advanced analysis of thoracic CT images with artificial intelligence (AI), has secured €7.5 million in funding to advance precision medicine and enhance patient care for lung diseases. The funding includes a €5 million investment from two venture capital firms, HERAN Partners and the Borski Fund, both of which…