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…
Exchange rates for GBP against major currencies on August 23, 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 1.1741 Pounds to Euros GBP-USD 1.2744 Pounds to Dollars GBP-NZD 2.142 Pounds to New Zealand Dollars GBP-AUD 1.9805 Pounds to Australian…
APA Group acquires Alinta Energy Pilbara for A$1.7 billion
SYDNEY, AUSTRALIA: APA Group (ASX:APA), a leading Australian energy infrastructure business, has announced that it has entered into a Share Sale Agreement with Alinta Power Cat Pty Ltd and Alinta Energy Development Pty Ltd to acquire 100% of Alinta Energy Pilbara Holdings Pty Ltd and Alinta Energy (Newman Storage) Pty Ltd (Alinta Energy Pilbara) for…
Sequoia Financial completes acquisition of Castle Corporate and Castle Legal
SYDNEY, AUSTRALIA: Sequoia Financial Group Limited (ASX: SEQ), a diversified financial services company, has announced that it has completed the acquisition of Castle Corporate Pty Ltd and Castle Legal Pty Ltd (Castle), a leading provider of legal and corporate services, as of 21 August 2023. The acquisition was first announced on 11 July 2023. The…
Wynnstay Group appoints new Group Finance Director
LONDON, UK: Wynnstay Group plc, the agricultural and specialist merchanting group, has announced the appointment of Rob Thomas as its new Group Finance Director, following the retirement of Paul Roberts. Rob Thomas will join the Group on 2 October 2023 and take over the role on 2 January 2024. Paul Roberts will remain with the…
BiVictriX Therapeutics gets US Patent providing broad protection for BVX001
ALDERLEY PARK, LONDON: BiVictriX Therapeutics plc (AIM: BVX), an emerging biotechnology company applying a differentiated approach to develop next-generation cancer therapies with substantially improved cancer cell selectivity and anti-cancer activity, announces that the United States Patent and Trademark Office (USPTO) has granted a patent providing broad protection for the company’s lead asset, BVX001. The claims…
Graft Polymer signs manufacturing services agreement in Israel
LONDON, UK: Graft Polymer (UK) plc announced the signing of a manufacturing service agreement with a prominent partner in the Israeli pharma market, including GPL acting as a lead contract manufacturing organization (‘CMO’). Under the agreement, Graft Polymer is to provide manufacturing services from its GraftBio production facility in Slovenia, which is now fully operational….