LONDON, UK: XLMedia (AIM: XLM), a leading global digital media company, announced the sale of three of the Group’s European Gaming domains and associated websites, Casino.se, Casino.gr, and Casino.pt for a total upfront cash consideration of $4.0 million, representing a 4.7 times multiple on revenue. In the year ended 31 December 2022, the assets relating…
EQTEC plc announces sale of France Market Development Centre to Idex
LONDON, UK: EQTEC plc (AIM: EQT) has agreed with French infrastructure owner and utility company Idex to the sale of 95% of the share capital of Grande-Combe SAS, the project company for the Company’s France Market Development Centre (MDC) and the project to construct and commission it. Idex’s acquisition of Grande-Combe from the Company has…
Ithaca Energy snaps up remaining stake in Fotla Discovery and three exploration licences
LONDON, UK: Ithaca Energy (LON: ITH) has announced a deal to buy out its partner Spirit Energy Resources Limited and take full ownership of the Fotla Discovery and three exploration licences in the UK North Sea. The deal, which is subject to regulatory approval and other conditions, will give Ithaca Energy complete control over the…
RBG Holdings sells litigation finance business to Blackmead
LONDON, UK: RBG Holdings plc, a group that provides legal and professional services, has announced the completion of the sale of its litigation finance business, LionFish Litigation Finance Limited, to Blackmead Infrastructure Limited, an asset management company. LionFish finances litigation matters run by third-party solicitors, but RBG decided to divest it last year to reduce…
Exchange rates for GBP against major currencies on July 12, 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 1.175 Pounds to Euros GBP-USD 1.2959 Pounds to Dollars GBP-NZD 2.0848 Pounds to New Zealand Dollars GBP-AUD 1.9311 Pounds to Australian…
Gulf International Bank Partners with COP 28 World Climate Summit in Dubai
MANAMA: Gulf International Bank B.S.C. (GIB) today announced its partnership with World Climate Summit – The Investment COP 2023. The event, which is hosted by World Climate Foundation, will take place on 7-8 December along COP 28 in Dubai. World Climate Summit, in its 14th year, is the primary global platform for public-private partnerships at…
How Macroeconomics Shapes International Trade
Macroeconomics plays a crucial role in shaping international trade patterns and influencing the global economy. The interplay between macroeconomic factors, such as exchange rates, fiscal and monetary policies, and economic growth, has a profound impact on a country’s trade dynamics. This article explores the various ways in which macroeconomics influences international trade and discusses key…
How to Start Planning for Retirement: 6 Steps to a Secure Future
Are you ready to start planning for your retirement? It’s a demanding task, but understanding the essential steps can make a world of difference in setting yourself up for success. From financial advisors and experienced investors to those who are new at it, everyone needs strategies that will ensure security and peace of mind when…
Why Budgeting and Financial Planning are Critical for Small Business Success
As a small business owner, you know that success often comes down to making careful financial decisions—ones that keep your operations running smoothly and ensure profitability. But while the day-to-day challenges of entrepreneurship can be overwhelming (and exciting!), taking control of your finances is essential to long-term survival, especially in uncertain economic times. This is…
Geely and Renault team up to invest 7 billion euros in hybrid engines
Geely Automobile Holdings, China’s largest privately owned car maker, and Renault SA, France’s second-biggest car maker, have announced a joint venture to invest up to 7 billion euros in developing and producing gasoline engines and hybrid technology for automobiles. The joint venture, which will be equally owned by the two companies, will aim to become…
McPhy installs first hydrogen station on a French highway
PARIS, FRANCE: McPhy Energy, a French company specialized in low-carbon hydrogen production and distribution equipment, has announced the commissioning of a hydrogen station with a distribution capacity of up to 60 kg per day for the Dyneff Toulouse Sud-Sud highway filling station in the Occitanie region. The station, which is designed and manufactured entirely in…
Pension SuperFund Capital eyes 70 pence/share takeover of STM Group
LONDON, UK: Pension SuperFund Capital, a pension risk transfer specialist, has reached an agreement in principle with STM Group, a cross border financial services provider, on the key terms of a possible cash offer for the entire issued and to be issued share capital of the company. The possible offer values STM Group at 70…