BIRMINGHAM: Lunovus LLC, a physician-owned company that specializes in eyecare software and supplements, has announced the acquisition of Diamond Studios, a leading software development and media firm. The deal aims to strengthen Lunovus’ software portfolio and enhance its support for…
Amazon confirmed on Friday that it is laying off “several hundred” employees in its Alexa division, as part of a broader cost-cutting strategy that has been underway since last year. The company said it is discontinuing some initiatives in the…
Cadillac, the luxury brand of General Motors, has revealed the name of its upcoming entry-level electric vehicle: Optiq. The compact-sized crossover will be the fourth EV in Cadillac’s portfolio, following the Lyriq, the Celestiq and the electric Escalade. The Optiq…
Volvo Cars shares witnessed a sharp decline, plummeting by as much as 14% on Friday morning. The reason was the initiation of a substantial sale of approximately 100 million shares by its parent company, Zhejiang Geely Holding Group. According to…
LONDON: AstraZeneca announced that its drug Truqap (capivasertib) has received approval from the US Food and Drug Administration (FDA) for the treatment of a specific type of advanced breast cancer. Truqap is a first-in-class medicine that targets the PI3K/AKT pathway,…
LONDON, UK: FirstGroup plc has agreed a strategic partnership with Hitachi as part of the Group’s bus fleet and infrastructure decarbonisation programme. The partnership will provide the following: Graham Sutherland, FirstGroup Chief Executive Officer said: “The pioneering alliance with Hitachi…
LONDON: Smiths News has secured a new five year contract with the magazine distributor Marketforce (UK) Limited. The new agreement secures all of Smiths News’ current distribution territories in the UK with Marketforce through to 2029, representing 31% of our…
LONDON, UK: Schroder British Opportunities Trust plc confirmed that one of its private equity investments, EasyPark Group, one of the global leaders in mobile paid parking, has announced its intention to acquire Flowbird Group, a global mobility player providing integrated…
LONDON, UK: Real Good Food plc, (AIM: RGD), the food manufacturing business specialising in cake decoration, has sold the business and certain assets of Rainbow Dust Colours (RDC) to European Fermentation Products Limited for a total cash consideration of £800,000….
LONDON, UK: Hill & Smith plc, the international provider of sustainable infrastructure products and services, today announced the acquisition of United Fiberglass of America Inc. Hill & Smith plc has completed the acquisition of the business and assets of United…
LONDON, UK: Marston’s PLC today announced that Andrew Andrea has agreed with the Board that he will step down as Chief Executive Officer with immediate effect. He will, however, be available to the business for a period to ensure a…
SYDNEY, AUSTRALIA: Future Metals NL (FME) has exercised its option to acquire 100% of Osprey Minerals Pty Ltd. Osprey shareholders will receive the upfront consideration of, in aggregate, 18,382,352 new FME shares within the next 5 business days. The shares…