LONDON, UK: Lift Global Ventures Plc (AQSE:LFT), a company that invests in financial media, technology and energy businesses, has announced a £50,000 investment in All Active Asset Capital Limited, a private company that invests in global technology, software and AI companies. The investment gives Lift exposure to one of All Active Asset Capital’s portfolio companies,…
Cellular Goods and Springtide Seaweed join forces to remove carbon with kelp
LONDON, UK: A company that aims to remove carbon from the atmosphere by using kelp has teamed up with one of the biggest organic seaweed farms in North America. Cellular Goods (LSE: CBX), through its subsidiary King Tide Carbon Canada Ltd., has signed a preliminary deal with Springtide Seaweed LLC, based in Maine, to create…
Guild Esports partners with Pixels AI to boost digital advertising revenues from video content
LONDON,UK: Guild Esports PLC (LSE: GILD; OTCQB: GULDF), a global gaming focused media business, has announced a partnership with Pixels AI, a video distribution and digital advertising service that uses AI optimisation to connect digital publishers, advertisers and video content rights holders. The partnership will enable Guild to generate new advertising revenues from its owned…
Rainbow Rare Earths to partner with Mosaic on rare earth extraction in Brazil
LONDON, UK: Rainbow Rare Earths Limited (AIM: RBW), the rare earth element mining company, has announced that it has signed a memorandum of understanding (MOU) with The Mosaic Company (NYSE: MOS), the world’s leading integrated producer of concentrated phosphate and potash, to jointly develop a process for extracting rare earth elements from Mosaic’s phosphogypsum stack…
Entain plc has acquired Angstrom Sports in a £122 million deal
LONDON, UK: Entain plc (LSE: ENT) announced the acquisition of Angstrom Sports for a total consideration of £81 million plus contingent payments totalling a maximum of £122 million, payable over three years. Angstrom Sports is a specialist provider of next generation sports modelling, forecasting and data analytics. Its simulation-based predictive modelling creates highly sophisticated pricing…
Rio Tinto invests acquires initial 15% stake in Sovereign Metals Limited
LONDON, UK: Rio Tinto (ASX: RIO) has agreed to invest A$40.4 million in Sovereign Metals Limited (ASX: SVM) to acquire an initial 15% stake in the company and support the development of its Kasiya Rutile-Graphite Project in Malawi. The investment will enable Sovereign to advance the Kasiya project, which hosts a large-scale, high-grade, low-cost and…
Searchlight Capital Partners offers to acquire Gresham House for £469.8 million
LONDON, UK: Seed Bidco Limited, a newly incorporated entity formed by funds advised by Searchlight Capital Partners L.P. has made a final cash offer for the entire issued and to be issued share capital of Gresham House at the rate of 1,105 pence in cash per Gresham House share. The acquisition values the entire issued…
Aukett Swanke acquires smart workplace systems distributor Anders+Kern
LONDON,UK: Aukett Swanke (AIM: AUK), the group providing Smart Buildings, Architectural and Design Services, has announced the acquisition of Anders+Kern, a distributor of smart workplace systems, for up to £560,000. The acquisition is part of Aukett Swanke’s strategy to expand its expertise and revenues in the Smart Buildings sector, which uses technology to improve the…
Trustpilot Group appoints Adrian Blair as Chief Executive Officer
LONDON, UK: Trustpilot Group plc, a leading global reviews platform, announced the appointment of Adrian Blair to the role of Chief Executive Officer. Adrian has held a number of senior executive and commercial roles throughout his career. He was Global Chief Operating Officer (“COO”) of Just Eat from 2011-2018. As COO, with P&L responsibility for…
Exchange rates for GBP against major currencies on July 17, 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 1.1657 Pounds to Euros GBP+USD 1.3086 Pounds to Dollars GBP+NZD 2.0612 Pounds to New Zealand Dollars GBP+AUD 1.9211 Pounds to Australian…
Tesla launches Model Y in South Korea with maximum subsidies
Tesla has started selling its Model Y rear-wheel drive car in South Korea at a price that qualifies for the highest level of government subsidies for electric vehicles, the company said on Friday. The Model Y, which has a driving range of 350 kilometres and a top speed of around 217 km per hour, is…
Eli Lilly to buy Versanis for up to $1.93 billion in obesity drug push
Eli Lilly and Co said on Friday it will acquire Versanis, a privately held biotech company developing a novel obesity drug, for potentially up to $1.93 billion, as it seeks to expand its presence in the lucrative weight-loss market. The deal gives Eli Lilly access to Versanis’ lead candidate, VS-01, which is being tested in…