PARIS: Euronext, the leading pan-European market infrastructure, today announces it has entered into a definitive agreement for the sale of its 11.1% stake in LCH SA to LCH Group Holdings Limited (LCH Group), for an amount of €111 million. The completion of the transaction is expected to occur in early July 2023. The relevant authorities…
AEW UK REIT sells two industrial assets in Yorkshire for £16.1m
LONDON, UK: AEW UK REIT plc (LSE: AEWU), a real estate investment trust that invests in UK commercial property, has announced that it has sold two industrial assets in Yorkshire for a total of £16.1m, reflecting a premium to acquisition price of 31.2%. The assets are Euroway Trading Estate in Bradford and Lockwood Court in…
Wildcat signs MOU for potential investments in Sudan and African petroleum projects
LONDON, UK: Wildcat Petroleum, an oil and gas exploration company, has announced the signing of a Memorandum of Understanding (MOU) with a third party expressing interest in conducting due diligence on potential deals sourced by Wildcat from Sudan. The third party will evaluate these deals and decide whether to invest up to a maximum amount…
Aston Martin and Mercedes-Benz revise their strategic partnership
LONDON, UK: Aston Martin Lagonda Global Holdings and Mercedes-Benz AG have announced that they have agreed to amend their Strategic Co-operation Agreement (“SCA”), which was signed in October 2020. The SCA gave Aston Martin access to a range of Mercedes’ technology, in exchange for issuing shares to the German carmaker. The amendment will replace the…
Aston Martin and Lucid announce agreement to drive electrification strategy
LONDON, UK: Aston Martin Lagonda Global Holdings and Lucid Group Inc. have unveiled a groundbreaking partnership that promises to revolutionize the future of Aston Martin’s electric vehicle (EV) lineup. The two automotive powerhouses have announced their intention to enter into a unique and innovative supply arrangement that will support Aston Martin’s high-performance electrification strategy and…
DeepVerge shares suspended as it faces sale, closure or administration of all subsidiaries
LONDON, UK: DeepVerge plc (AIM: DVRG), an environmental and life science artificial intelligence company, has announced that trading of its shares on AIM will be temporarily suspended from 7.30 a.m. Monday, pending clarification of its financial position. The company said that it has been unable to sell one or more of its principal business units…
Exchange rates for GBP against major currencies on June 26, 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 1.1676 Pounds to Euros GBP-USD 1.2738 Pounds to Dollars GBP-NZD 2.0656 Pounds to New Zealand Dollars GBP-AUD 1.9064 Pounds to Australian…
FAQs to Help You Start and Grow Your Passive Income Streams
Passive income is a hot topic these days, and for good reason. It’s the ultimate way to achieve financial freedom and live the life you want. The key to creating passive income is to set up systems that work for you. Once you’ve done the initial work, your passive income streams will continue to generate…
Aramco and TotalEnergies to Construct $11 Billion Petrochemicals Complex in Saudi Arabia
RIYADH, KSA: Saudi Arabian Oil Company (Aramco) and TotalEnergies have recently joined forces in a significant partnership, signing an $11 billion contract to commence the construction of a state-of-the-art petrochemicals complex in Saudi Arabia. The joint statement, released by both companies on Saturday, unveiled their collaborative effort towards this ambitious project. The contract, awarded for…
Argos Closes All 34 Irish Stores, Putting 580 Jobs at Risk
Argos, the popular retailer owned by the Sainsbury’s Group, has announced the closure of all its 34 stores in Ireland by the end of today. This decision comes after the closure of four sites earlier, with the remaining thirty stores set to shut their doors for good. Sainsbury’s confirmed that all Argos stores in Ireland…
4 Marketing Lessons You Can Learn from the Entertainment Industry
Marketing is a business area that aims to influence the purchasing decisions and consumer behaviour of potential customers. This area, therefore, includes advertising in all its forms, building the company as its own brand and shaping as well as controlling the sales market. In almost every area of everyday life, we encounter the marketing concepts…
Vice Media to be sold to creditors for $350 million in bankruptcy deal
Vice Media, the digital media company that once boasted a valuation of $5.7 billion, has agreed to be sold to three investment companies for $350 million in a bankruptcy deal. The deal, which was announced in a legal filing on Thursday, will see Fortress Investment Group, Soros Fund Management and Monroe Capital take over the…