TikTok, the popular short video app, has launched a new music-streaming service in several countries, as it seeks to challenge the dominance of Spotify and Apple Music. TikTok Music said on Wednesday that it will be testing its service in Australia, Mexico and Singapore. That announcement comes shortly after it launched in Indonesia and Brazil…
TotalEnergies acquires 100% of Total Eren to boost its renewable energy business
PARIS, FRANCE: TotalEnergies is pursuing its profitable growth in the renewable energy sector with today’s announcement that it is buying out Total Eren’s other shareholders, increasing its stake from close to 30% to 100%. The Total Eren teams will be fully integrated within TotalEnergies’ Renewables business unit. The deal follows the strategic agreement signed between…
Kongsberg Automotive appoints Linda Nyquist-Evenrud as interim CEO
OSLO, NORWAY: The Board of Directors of Kongsberg Automotive ASA (KA) has appointed Linda Nyquist-Evenrud as interim President & Chief Executive Officer (CEO) effective July 25, 2023. Linda comes from the position as Executive Vice President of KA’s Flow Control Systems (FCS) business unit and is part of the Executive Management. She brings more than…
Aldar to invest AED 500 million in revamping two malls in the UAE
ABU DHABI, UAE: Aldar Properties announced an AED 500 million investment plan to redevelop two of its key retail portfolio assets in the UAE: Al Jimi Mall in Al Ain, and Al Hamra Mall in Ras Al Khaimah. The investment takes Aldar’s committed spend on redeveloping key retail assets to AED 1 billion. The company…
Actual Experience secures second enterprise order for its Digital Workplace Management Platform
LONDON, UK: Actual Experience plc (AIM: ACT), the analytics-as-a-service company, is pleased to announce that it has received a second order for its Digital Workplace Management Platform (DWMP) within 9 months of commercial launch. This new customer is a major global healthcare enterprise who have contracted with the Company via a large US channel partner…
Sir Nigel Rudd returns as Chairman of Destiny Pharma
LONDON, UK: Destiny Pharma plc (AIM: DEST), a clinical stage innovative biotechnology company focused on the development of novel medicines that can prevent life-threatening infections, today announces that Sir Nigel Rudd will be returning as Company Chairman, effective immediately. Sir Nigel has an impressive track record in creating value for shareholders in a variety of…
888 Holdings appoints Per Widerström as new CEO
LONDON, UK: 888 Holdings, one of the world’s leading betting and gaming companies with internationally renowned brands including William Hill, 888 and Mr Green, today announces the appointment of Per Widerström as Chief Executive Officer (“CEO”), with effect from 16 October 2023. Per has more than 17 years of experience in the online gaming industry,…
Helios acquires Park Farm Underwriting Limited for £3.2m
LONDON, UK: Helios, the investment vehicle which builds shareholder value through exposure to Lloyd’s, announced the completion of a further LLV acquisition on Tuesday. The company said it has acquired Park Farm Underwriting Limited, that provides access to syndicate capacity of £2.3m on the Freehold Syndicate, one of the best performing syndicates at Lloyd’s. The…
Alumasc Group agreed to acquire ARP Group for £10 million
LONDON, UK: Alumasc Group has agreed to acquire the entire issued share capital of ARP Group (ARP), a manufacturer and distributor of specialist metal rainwater and architectural aluminium goods, for a maximum cash consideration of £10.0m on a cash and debt free basis, and subject to adjustments for normalised working capital. The consideration comprises an…
Exchange rates for GBP against major currencies on July 25, 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 1.1593 Pounds to Euros GBP-USD 1.2837 Pounds to Dollars GBP-NZD 2.0661 Pounds to New Zealand Dollars GBP-AUD 1.8979 Pounds to Australian…
ASX closes slightly lower ahead of big week of economic events
The Australian share market has closed slightly lower on Monday, as investors await a series of key economic events this week, both locally and globally. The S&P/ASX 200 Index (ASX: XJO) edged down 0.1% to 7,306.4 points, while the All Ordinaries Index (ASX: XAO) slipped 0.13% to 7,517.3 points. The market was dragged down by…
Alstom partners with RAILPOOL to supply 50 Traxx Universal locomotives in Europe
PARIS, FRANCE: Alstom, a global leader in smart and sustainable mobility, has signed a contract with RAILPOOL, one of Europe’s leading rail vehicle leasing companies, to supply 50 Traxx Universal multi-purpose locomotives. The contract is valued at up to 260 million euro. The Traxx Universal locomotives are designed to operate for freight and passenger corridor…