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….
Ofgem fines Morgan Stanley for failure to record and retain electronic trading communications
LONDON, UK: Ofgem has levied a fine of £5.41 million on Morgan Stanley & Co. International plc (MSIP) for not recording and retaining electronic communications between January 2018 and March 2020. These communications were made by wholesale energy traders, on privately-owned phones via WhatsApp, which discussed energy market transactions. It is the first-ever fine issued…
IBM to sell weather business to Francisco Partners in streamlining move
International Business Machines (IBM) has entered into an agreement to divest its weather business to private equity firm Francisco Partners, as disclosed by the technology services giant on Tuesday. The financial terms of the transaction remain undisclosed. This transaction encompasses The Weather Company’s consumer-centric assets, including Weather.com and Storm Radar, in addition to enterprise solutions…
S&P cuts ratings of five regional US banks amid tough lending environment
The credit ratings of five regional US banks have been lowered by S&P Global Ratings, as the agency warned of the challenges facing the sector in the wake of the Silicon Valley Bank collapse earlier this year. S&P downgraded KeyCorp, Comerica Inc., Valley National Bancorp, UMB Financial Corp. and Associated Banc-Corp by one notch each on Monday,…
Telenor hires Google Cloud executive as CTO to boost AI capabilities
Telenor has appointed Amol Phadke, a former Google Cloud executive, as its new Chief Technology Officer (CTO) to strengthen its artificial intelligence (AI) activities, the Norwegian telecoms firm said on Tuesday. Phadke, who led Google Cloud’s telecom business, will help Telenor use AI to make its operations more efficient, develop new products and increase energy efficiency, Telenor…
Microsoft sells Activision streaming rights to Ubisoft to win UK approval for $69 billion deal
Microsoft has agreed to sell the cloud streaming rights for Activision Blizzard’s games to Ubisoft Entertainment, in a bid to overcome the British regulator’s opposition to its $69 billion takeover of the “Call of Duty” maker. The Competition and Markets Authority (CMA) had blocked the deal, which was announced in early 2022, over concerns that Microsoft would dominate…
TotalEnergies acquires a 40% interest in a CO2 storage exploration license
PARIS, FRANCE: TotalEnergies has signed an agreement with CapeOmega Carbon Storage AS, a wholly owned subsidiary of CapeOmega AS, to acquire the 40% participating interest held by CapeOmega in the CO2 storage exploration license ExL004 (the “Luna” project). Located 120 km offshore Bergen in 200 m water depth, ExL004 covers an area of 453 sq.km….
Anagenics Limited expands with acquisition of Face MediGroup
SYDNEY, AUSTRALIA: Anagenics Limited (AN1) has made a significant stride by announcing the acquisition of Face MediGroup (FMG), a prominent Australian professional skincare and beauty retailer. This strategic move aligns seamlessly with AN1’s existing subsidiary, BLC Cosmetics (BLC), which operates with a B2B focus. The integration of FMG bolsters AN1’s presence across both retail and…
Haydale and PETRONAS collaborate to accelerate graphene’s commercial applications
LONDON, UK: Haydale (AIM: HAYD) and PETRONAS Technology Ventures Sdn Bhd (PTVSB), the technology commercialisation arm of Petroliam Nasional Berhad (PETRONAS), have executed a collaboration agreement to functionalise graphene for product applications, in an effort to accelerate commercialisation of graphene-based formulations in various different industries. The agreement, which runs through to 31 December 2025, will…
XLMedia signs new media partnership agreement in North Carolina ahead of 2024 state launch
LONDON, UK: XLMedia PLC (AIM: XLM) has signed a partnership with Capitol Broadcasting Company, Inc., the owner of WRAL.com and wralsportsfan.com as the ‘partner websites’ (‘WRAL.com’), a premium news brand based in North Carolina which attracts more than 4 million unique monthly users, to be its exclusive provider of sports betting content. This is in…