OSLO, NORWAY: Questback Group AS, a Norwegian company that owns and operates Questback AS, has signed a term sheet for the sale of 75% of the shares in Questback AS to Precise Credit Solutions, a Luxembourg-based entity that is the main lender under the Company’s bond loan agreement and a minority owner. The proposed transaction…
Tritax Big Box sells Raunds warehouse to institutional investor for £84.3m
LONDON, UK: Tritax Big Box REIT plc, a listed vehicle dedicated to investing in very large logistics warehouse assets in the UK, has announced that it has sold a warehouse in Raunds, Northamptonshire, to a leading UK institutional investor in real estate for £84.3m. The warehouse is one of three buildings at Raunds developed for…
COSOL acquires AssetOn Group to boost its asset management software and services
SYDNEY, AUSTRALIA: COSOL Limited (COSOL, ASX: COS), a leading provider of enterprise asset management (EAM) solutions, has announced that it has agreed to acquire AssetOn Group, a specialist in asset management software and services for the natural resources and energy sectors. The deal is valued at up to $29 million, comprising of $18 million in…
Streaks AI and WeShop announce partnership to revolutionise social commerce with AI chatbots
LONDON, UK: Streaks AI PLC (LSE: STK), a UK-based generative AI platform, has announced a partnership with WeShop, a community owned social commerce platform that combines shopping with social media. The partnership will leverage Streaks’ conversational AI technology to enhance the WeShop platform by providing shoppers with personalised customer services using AI-powered chatbots modeled after…
Exchange rates for GBP against major currencies on August 3, 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 1.162 Pounds to Euros GBP-USD 1.27 Pounds to Dollars GBP-NZD 2.0908 Pounds to New Zealand Dollars GBP-AUD 1.9434 Pounds to Australian…
Ferguson Acquires Bruce Supply Corp, The Kennedy Companies and S. G. Torrice
LONDON, UK: Ferguson plc, a leading distributor of plumbing and heating products, has announced the acquisition of three companies in the U.S. that will strengthen its presence and capabilities in various markets. The three companies are Bruce Supply Corp, a plumbing distributor in the New York City Metro region; The Kennedy Companies, a waterworks distributor…
Konscious Foods raises $26 million to expand plant-based seafood business
A Canadian company that makes plant-based seafood has raised $26 million in a seed funding round led by Protein Industries Canada, Zynik Capital, and Walter Group. Konscious Foods, founded by food industry veteran Yves Potvin, offers a range of plant-based frozen seafood products, such as sushi rolls, onigiri, and poke bowls, that aim to replicate…
Han Moon Hee becomes new head of Korea Railroad Corporation
Korea Railroad Corporation (Korail), the national railway operator of South Korea, has appointed Mr Han Moon Hee as its new president and CEO. He succeeds Mr Hee Seung Na, who was dismissed in March following a fatal accident involving a Korail employee. Han is a veteran of the railway sector, having worked for Korea National…
Avion Express reaches 50-aircraft milestone amid growing ACMI demand
Avion Express, the leading narrow-body ACMI and charter airline, has expanded its fleet to 50 A320 family aircraft, an increase of 212% since 2021. The company attributes this achievement to the rising global demand for ACMI services, which offer benefits such as cost savings and flexibility for airlines. The company’s CEO Darius Kajokas said that…
Royal Mail and Skyports launch mail by drone in UK’s first permanent service
Orkney, an archipelago in Scotland, has become the first location in the UK to have its mail delivered by drone on a permanent basis. The service, launched by Royal Mail and Skyports Drone Services, aims to improve delivery times and safety for the remote island communities. The Orkney I-Port operation uses electric drones to transport…
Aldar Properties names Faisal Falaknaz as its new finance and sustainability chief
ABU DHABI, UAE: Aldar Properties, the leading real estate developer in Abu Dhabi, has announced the appointment of Faisal Falaknaz as its Group Chief Financial and Sustainability Officer (GCFSO), effective from August 2, 2023. Falaknaz will be responsible for leading the group’s finance, treasury, investor relations, strategy, digital services, and sustainability functions. Falaknaz has been…
Kerim Nielsen, Kamux’s Country Director for Sweden, leaves the company
HELSINKI, FINLAND: Kamux Corporation, a leading Nordic retailer of used cars and related services, announced today that Kerim Nielsen, its Country Director for Sweden and member of the Group Management Team, has decided to pursue a career opportunity outside of the company in early 2024. He will continue in his current position at least until…