LONDON, UK: AnteoTech Ltd (ASX: ADO), a company that develops and manufactures high silicon anodes for lithium-ion batteries, has announced that it has raised $6 million from investors to accelerate its commercialisation and production activities. The company said it had received funding commitments of $4 million from sophisticated and professional investors for a placement of…
Rio Tinto grows production and earnings, declares 177 US cents dividend
LONDON, UK: Rio Tinto, the global mining giant, has announced strong half-year results, with a 5% increase in production volumes and a 2% rise in underlying earnings. The company also declared an interim dividend of 177 US cents per share, in line with its 50% payout policy. The company said it generated net cash from…
ITM Power announces roadmap for strategic collaboration with W. L. Gore & Associates
LONDON, UK: ITM Power and W. L. Gore & Associates intend to collaborate to further deepen their understanding of proton exchange membrane water electrolysis (PEMWE) performance over lifetime, durability mechanisms and reliability. The collaboration will enable fast paced progress, and shall further enhance stack performance, durability and reliability as part of ITM’s technology development programme,…
Karelian Diamonds launches Nickel-Copper-Platinum exploration in Northern Ireland
LONDON, UK: Karelian Diamond Resources plc (AIM: KDR), a diamond exploration company, has announced that it has started a Nickel-Copper-Platinum Group Metals exploration programme in Northern Ireland. The company has collected and sent a series of stream sediment samples from three licences to a Canadian laboratory for analysis. The exploration programme follows the discovery of…
LBG Media COO and co-founder Arian Kalantari steps down
LONDON, UK: Arian Kalantari, the co-founder and Chief Operating Officer of LBG Media, has resigned from his role and the board of the digital youth publisher. He had been on a sabbatical since January and decided not to return to the company. His operational duties had been taken over by other members of the leadership…
Marlowe plc has acquired IMSM for an expected £17.4 million
LONDON, UK: Marlowe plc has acquired IMSM Holdings Limited and International Management Systems Marketing Limited, a leading ISO certification and quality management provider, for an expected enterprise value of £17.4 million. Established in 2004 and headquartered in Wiltshire, UK, IMSM provides ISO auditing and certification services to approximately 5,000 UK and international clients. This acquisition…
Shires to merge with ASCI in UK equity income deal
LONDON, UK: Shires Income PLC (Shires) has announced that it has agreed to merge with Aberdeen Smaller Companies Income Trust PLC (ASCI) in a deal that will create a larger UK equity income investment trust with exposure to UK smaller companies. The merger will be implemented through a scheme of reconstruction and voluntary winding up…
Grit Real Estate acquires controlling stakes in GREA and APDM
LONDON, UK: Grit Real Estate Income Group Limited (Grit) has announced the completion of the final phase of acquiring controlling interests in Gateway Real Estate Africa (GREA) and Africa Development Partners Management (APDM) from Gateway Partners and Prudential. Grit now owns 51.48% of GREA and 78.95% of APDM, while the rest is held by the…
Banc of California and PacWest Bancorp to merge in $36 billion deal
Banc of California (BANC.N) and PacWest Bancorp (PACW.O) have announced a merger agreement that will create a $36 billion bank with a strong presence in California. The deal, which is expected to close in the second quarter of 2022, will also see the lenders raise $400 million from private equity investors Warburg Pincus and Centerbridge…
Exchange rates for GBP against major currencies on July 26, 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 1.1663 Pounds to Euros GBP-USD 1.2896 Pounds to Dollars GBP-NZD 2.0727 Pounds to New Zealand Dollars GBP-AUD 1.9056 Pounds to Australian…
Twitter rebranding elicits mixed reactions from users, advertisers, and investors
Twitter, the popular social media platform, has recently changed its logo to ‘X’ as part of a rebranding exercise initiated by its owner Elon Musk. Musk, who acquired Twitter for $44 billion in October 20221, announced his plans to rename the platform on July 23, 20235. He said he would eventually “bid adieu to the…
TikTok launches text posts to compete with Twitter and Meta
TikTok has announced a new feature that allows users to post texts on the platform, as it faces increasing competition from Twitter and Meta in the social media space. The video-sharing giant said the new feature would give creators more options to share their ideas and creativity, beyond live videos, photos, Duets, and Stitches. Users…