PARIS, FRANCE: Abivax, a French biotechnology company that develops novel treatments for inflammatory diseases, viral diseases and cancer, announced today that it intends to launch a public offering of its shares in the United States. The company has filed a confidential draft registration statement with the U.S. Securities and Exchange Commission (SEC) for the offering…
Southern Rail plans to scrap direct trains to Gatwick Airport
Southern Rail has announced proposals to change its West Coastway timetable, which would affect passengers travelling between Southampton and Gatwick Airport. Under the new plans, direct trains from Southampton Central to London’s second-biggest airport would be axed, and passengers would have to change at Barnham. The operator says this would improve reliability and capacity on…
Fig and Fox to open new outlets for their eco-friendly gift shop
Fig and Fox, a gift and lifestyle shop that sells locally made and environmentally friendly products, is expanding its business with two new outlets this year. The shop, which opened in The Hundred in Romsey in October, is run by James and Helen Mitchell, a couple from East Wellow. The first new outlet will be…
Wilko faces administration as home delivery service suspended, 12000 jobs at risk
The future of Wilko, the family-owned homewares and hardware retailer, is in doubt as it faces administration after failing to secure a rescue deal. The company, which has more than 400 stores and 12,000 employees in the UK, confirmed last week that it had filed a notice of intention to appoint administrators, giving it 10…
Harbour Energy to sell Vietnam business for $84 million
LONDON, UK: Harbour Energy has entered into Sale and Purchase Agreements to sell its business in Vietnam, which includes its 53.125 per cent interest in the Chim Sao and Dua producing fields, to Big Energy Joint Stock Company for a consideration of $84 million. The transaction, which is subject to government approvals, has an effective…
IKEA to open downtown San Francisco store amid retail exodus
IKEA, the global furniture giant, is set to open a new store in downtown San Francisco on August 23, the company announced on Tuesday. The store will be located at 945 Market Street, near the Powell Street BART station, and will be part of a new urban mall developed by Ingka Centres, an IKEA-affiliated company….
Samsung Galaxy S24 Ultra may have a 50MP telephoto camera, leak suggests
Samsung’s next flagship smartphone, the Galaxy S24 Ultra, could have a major camera upgrade, according to a new leak. The device is rumored to feature a 50MP 3x telephoto camera, which would be a significant improvement over the 10MP 3x telephoto camera of the Galaxy S23 Ultra. The leak comes from Ice Universe, a well-known…
Xiaomi to launch Mi Mix Fold 3 foldable smartphone on August 14
Xiaomi, the Chinese smartphone maker, is set to unveil its latest foldable smartphone, the Mi Mix Fold 3, on August 14 in China. The company’s CEO, Lei Jun, confirmed the launch date and shared some official images of the device on Weibo, a social media platform formerly known as Twitter. The Mi Mix Fold 3…
Capita Plc agrees to sell its travel businesses to Clarity Travel Ltd for £36.5 million
LONDON, UK: Capita plc has agreed to sell its travel and events businesses Agiito and Evolvi to Clarity Travel Ltd for an enterprise value of £36.5m on a cash free, debt free basis. Taking into account the working capital and debt liabilities that Clarity is assuming as part of the transaction, Capita expects to receive…
Savills appoints Stacey Cartwright as new Chair
LONDON, UK: Savills plc, the international real estate advisor, has announced that Stacey Cartwright will take over as Chair of the company from Nicholas Ferguson, who will retire from the Board at the end of 2023. Stacey Cartwright has been a non-executive director of Savills since 2018, and Senior Independent Director since 2021. She has…
Galileo Resources confirms lithium discovery at Kamativi Project in Zimbabwe
LONDON, UK: Galileo Resources plc, a UK-based exploration and development company, has announced that it has confirmed the presence of lithium mineralisation over a significant width in the first hole drilled at the Kamativi Project in Zimbabwe. The project is located on the Kamativi Belt, adjacent to the historic Kamativi tin-tantalum mine, which also contains…
Capital & Regional acquires Edinburgh shopping centre for £40 million
LONDON, UK: Capital & Regional, a UK focused REIT that owns and manages a portfolio of in-town community shopping centres, has announced that it has agreed to buy The Gyle Shopping Centre in Edinburgh for £40 million, excluding acquisition costs. The Gyle Shopping Centre is a dual supermarket anchored community centre located in the south…