SYDNEY, AUSTRALIA: Cradle Resource, a mineral exploration and development company, has announced that it has entered into a binding agreement to acquire Volt Geothermal Pty Ltd and Within Energy Pty Ltd, two companies focused on geothermal energy projects in Australia. The acquisition, which is subject to shareholder approval and other customary conditions, will mark Cradle…
Air France-KLM secures €500m financing from Apollo for maintenance activity
PARIS, FRANCE: Air France-KLM, the Franco-Dutch airline group, has announced that it has signed a definitive agreement with Apollo Global Management, a US private equity firm, to raise €500m in quasi-equity financing for its maintenance activity. The financing will be provided by Apollo-managed funds and entities, which will subscribe to perpetual bonds issued by a…
XPS Pensions Group sells National Pensions Trust to SEI for £42.5 million
LONDON, UK: XPS Pensions Group plc, a leading UK pensions consultancy and administration firm, has announced that it has agreed to sell its National Pensions Trust (NPT) business to SEI, a global provider of investment management and technology solutions, for up to £42.5m. The deal, which is subject to regulatory approval, will create a strategic…
Molecular Energies sells stake in ATOME for £800k
LONDON, UK: Molecular Energies PLC (AIM: MEN), the international energy company, has announced that it has sold 800,000 ordinary shares in ATOME Energy PLC (AIM: ATE), a green hydrogen, ammonia, and fertiliser company, for £800,000. The sale, which was completed on 14 July 2023, represents a 2% stake in ATOME and a gain of £800,000…
Helios acquires Chorlton Underwriting for £2m
LONDON, UK: Helios, a leading provider of insurance solutions, has announced the acquisition of Chorlton Underwriting Limited, a specialist underwriter of niche and non-standard risks, for £2m. The deal, which was completed on 13 July 2023, is part of Helios’ strategy to increase its underwriting capacity and diversify its product portfolio. Helios paid £1.8m in…
Exchange rates for GBP against major currencies on July 14, 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 1.1688 Pounds to Euros GBP-USD 1.3118 Pounds to Dollars GBP-NZD 2.0515 Pounds to New Zealand Dollars GBP-AUD 1.9049 Pounds to Australian…
How to use your iPhone as a contactless card reader with Apple Pay’s new Tap to Pay feature
UK Apple Pay users can now turn their smartphones into contactless card readers for the first time, thanks to the new Tap to Pay feature. The feature, which was already available in the US, uses NFC technology and lets you accept payments from other Apple Pay users or contactless cards within compatible apps. You don’t…
eBay acquires Certilogo, a digital ID and authentication provider for fashion goods
eBay Inc., a global commerce leader, announced that it has completed its acquisition of Certilogo, a company that provides AI-powered digital IDs and authentication for apparel and fashion goods. Certilogo, based in Milan, uses digital technology to help brands and designers manage the lifecycle of their garments, and to help consumers engage with their favorite…
Exxon Mobil to buy carbon capture company Denbury Inc for $4.9B
Exxon Mobil has announced that it will acquire Denbury Inc., a company that specializes in carbon capture, utilization and storage (CCUS) solutions, for $4.9B in an all-stock deal. The deal values Denbury at $89.45 per share, a slight premium to its closing price on Wednesday. Denbury recycles carbon dioxide (CO2) through its Enhanced Oil Recovery…
How To Find And Choose A Reliable Credit Provider?
Finding the right credit provider can be a daunting task. From start-up lenders to established financial institutions, it seems there is no end to the options available when searching for loans or financing. As such, making an informed decision about where and how you should borrow money is critical. It’s important to consider things like…
Elon Musk unveils xAI, his new AI startup with a curious mission
Elon Musk, the billionaire founder of Tesla, SpaceX and Twitter, revealed his latest venture on Wednesday: xAI, an artificial intelligence startup that aims to create a “maximally curious” AI that tries to understand the true nature of the universe. Musk, who has been a vocal critic of AI’s potential dangers and the need for regulation,…
Cleanaway Waste Management acquires used cooking oil business for $39 million
SYDNEY, AUSTRALIA: Cleanaway Waste Management Limited (ASX: CWY) has announced that it has agreed to buy Australian Eco Oils (“AEO”), a leading collector and processor of used cooking oil (“UCO”), for $39 million. The deal is expected to be completed in the first quarter of FY24, subject to customary conditions. AEO, trading under the Scanline…