PARIS, FRANCE: Stellantis, the world’s third-largest automaker, has signed a deal to buy a 33.3% stake in Symbio, a hydrogen fuel cell system maker for hydrogen mobility. The deal is expected to close in the third quarter of 2023. Symbio is a joint venture between Faurecia, a French automotive supplier, and Michelin, a French tire…
Australian Strategic Materials and Noveon Magnetics partner to supply rare earth magnets
SYDNEY, AUSTRALIA: and SAN MARCOS, TEXAS: Australian Strategic Materials (ASX:ASM) and Noveon Magnetics Inc. announced a strategic partnership to supply rare earth magnets. Under the terms of the agreement, ASM will supply Noveon with 100 tonnes of neodymium iron boron (NdFeB) alloy from its Korean Metals Plant (KMP) over a period of one year. ASM…
Middle Island acquires East Tennant project from Strategic Energy
SYDNEY, AUSTRALIA: Middle Island Resources Limited (ASX: MDI), a gold explorer with a focus on the Barkly Super Project in the Northern Territory, has announced that it has agreed to buy the East Tennant project from Strategic Energy Resources Ltd (ASX: SER) for 18.24 million MDI shares, valued at $0.035 per share. The East Tennant…
Exchange rates for GBP against major currencies on May 16, 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 1.1482 Pounds to Euros GBP-USD 1.2474 Pounds to Dollars GBP-NZD 2.002 Pounds to New Zealand Dollars GBP-AUD 1.8707 Pounds to Australian…
Seeing Machines signs exclusive deal with Collins Aerospace for eye-tracking solutions
LONDON, UK: Seeing Machines Limited, an Australian company that develops AI-powered eye-tracking technology for transport safety, has signed an exclusive and perpetual licence agreement with Collins Aerospace, a business unit of Raytheon Technologies and a leader in aerospace and defence solutions. The agreement will enable the companies to jointly market and deliver eye-tracking solutions to…
Workspace Group sells five non-core properties for £82 million
LONDON, UK: Workspace Group PLC, London’s leading owner and operator of sustainable, flexible work space, today announced the sale of five non-core properties in the South-East of England for a total consideration of £82m. Completion will take place in June 2023. The properties being sold comprise light industrial and logistics properties in Bracknell, Crawley, Poyle,…
Rurelec to sell its Argentinian assets and pay special dividend
LONDON, UK: Rurelec PLC, an independent power producer with operations in Latin America, has agreed to sell its Argentinian assets to a consortium of local investors for up to USD 5m (c£4m). The deal is subject to shareholder approval and is expected to complete in June 2023. The Argentinian assets include Rurelec’s 50% stake in…
Chesnara to acquire Canada Life UK’s Individual Protection Business
LONDON, UK: Chesnara plc, the European life and pensions consolidator, today announced that it has reached an agreement with Canada Life UK to acquire its onshore individual protection line of business, which was closed to new business in November 2022. As a result of the acquisition, the life insurance and critical illness policies for approximately…
Apax XI Fund to acquire minority stake in IBS Software
LONDON, UK: Apax XI Fund, a global private equity firm, today announced that it has signed a definitive agreement to acquire a significant minority stake in IBS Software, a leading provider of modern software solutions to the global travel and logistics industry. The transaction is expected to close by Q3 2023, subject to customary closing…
Atlantic Lithium appoints new CEO and Head of Business Development
LONDON, UK: Atlantic Lithium Limited, a company that aims to deliver Ghana’s first lithium mine, has announced the appointments of Keith Muller as its new Chief Executive Officer and Len Kolff as its Head of Business Development & Chief Geologist. The company, which is listed on AIM, ASX and OTCQX, is developing the Ewoyaa Lithium…
EU clears Microsoft’s $69 billion Activision Blizzard deal with conditions
Microsoft has won approval from European Union regulators for its $69 billion acquisition of gaming giant Activision Blizzard, after offering concessions to address competition concerns in the cloud gaming market. The European Commission, the EU’s executive arm, said on Monday that Microsoft agreed to let users stream Activision games they buy on any cloud gaming…
7 Tax Management Tips For Business Owners
As a business owner, managing your taxes is an important thing you should be aware of. Tax management can be complicated and challenging, but having a good grasp of tax requirements, filing deadlines, payment options, and other rules and regulations can help keep you organized so that your taxes are handled efficiently. By following these…