Novartis, the Swiss pharmaceutical giant, has announced its agreement to acquire Chinook Therapeutics, a biotech firm based in Seattle, in a deal valued at up to $3.5 billion. The acquisition aims to bolster Novartis’ late-stage drug development pipeline by adding a promising new treatment for a rare and severe kidney disease. The transaction will take…
Microsoft Unveils New Xbox Series S Console Option with 1 TB Storage
During the Xbox Games Showcase held in June 2023, Microsoft made an exciting announcement for gamers eagerly awaiting new console options. The tech giant revealed the introduction of a new variant of the Xbox Series S console, aimed at buyers looking to enter the Xbox ecosystem or those seeking an additional “S” model to accompany…
SES Announces CEO Steve Collar’s Departure and Appointment of Interim CEO
PARIS, FRANCE: SES, a global satellite communications company, has announced that Steve Collar, the Chief Executive Officer (CEO), will be stepping down at the end of June 2023 to pursue new professional and personal endeavors. The search for a successor is currently underway, and in the interim, Ruy Pinto, the Chief Technology Officer of SES,…
Al Ansari Exchange on track to open 15 new branches across UAE
UAE, DUBAI: Al Ansari Financial Services’ subsidiary, Al Ansari Exchange, the largest outward personal remittance and foreign exchange company in the UAE today announced, after obtaining the necessary approvals, its plan to launch 15 new branches across the UAE before the end of 2023. The physical branch expansion is in line with the Group’s growth…
Inspiration Healthcare Group appoints Alan Olby as Chief Financial Officer
LONDON, UK: Inspiration Healthcare Group plc (AIM: IHC), the global medical technology company pioneering best-in class, specialist neonatal intensive care medical devices, announced the appointment of Alan Olby ACA as Chief Financial Officer and a Director of the Company, effective immediately. Alan Olby is an experienced and commercially focused healthcare CFO, with extensive international and…
Guild Esports signs technical partnership agreement with Fanatec
LONDON, UK: Guild Esports PLC (LSE: GILD), a global teams organisation and lifestyle brand, has signed a technical partnership agreement with Fanatec, a leading provider of simulated racing (sim racing) equipment and hardware designed for both gaming and motorsport. The partnership marks Guild’s entry into sim racing, a fast-growing sector of the esports industry. Fanatec…
ACG announces acquisition of Brazilian mining operations to fortify EV supply chain
LONDON, UK: ACG (formerly known as Appian Capital Advisory) has unveiled its agreement to acquire two profitable mining operations in Brazil, specializing in the production of low-carbon nickel sulphide and copper concentrates. The acquisition aims to bolster the supply chain for electric vehicle (EV) manufacturers in western countries, reinforcing the critical minerals sector. The cash-…
SDX Energy receives multiple offers for sale of Egyptian assets
LONDON, UK: SDX Energy plc (AIM: SDX), an oil and gas exploration company, has confirmed that it has received multiple offers for the sale of its Egyptian assets. The Board of SDX Energy is currently evaluating these offers. If a transaction were to proceed, it would be subject to customary conditions associated with such deals,…
Caspian Sunrise announces sale of 50% stake in Caspian Explorer to Stepping Stone Investments
LONDON, UK: The Board of Caspian Sunrise, an oil and gas exploration company, is pleased to announce the conditional sale of 50% of the Caspian Explorer, a specialized drilling vessel, for a cash consideration of $22.5 million. The purchaser, Stepping Stone Investments Limited, is a company registered in the Seychelles. The sale is subject to…
Glencore plc proposes to acquire Teck Resources’ steelmaking coal business
LONDON, UK: Glencore plc confirmed the submission of a proposal to the Board of Directors of Teck Resources Limited (Teck) to acquire Teck’s steelmaking coal business, known as EVR, in a cash deal. This alternative proposal, termed the “Proposed EVR Acquisition,” comes as Glencore explores options for its Proposed Merger Demerger with Teck. Glencore’s offer…
Frasers Group acquires 18.9% atake in AO World Plc, forming strategic partnership
LONDON, UK: Frasers Group plc, a leading retail group, has announced its acquisition of an 18.9% strategic stake in AO World Plc (AO), a prominent online electricals retailer. The acquisition, which took place on June 9, 2023, involved Frasers purchasing 109,400,000 issued shares of AO at a price of 68p per share, resulting in a…
Syncona launches Beacon Therapeutics with £96 million financing to develop ophthalmic gene therapies
LONDON, UK: London-based healthcare company Syncona Ltd has announced the launch of Beacon Therapeutics Holdings Limited (Beacon Therapeutics), a leading ophthalmic gene therapy company. The company aims to restore and improve the vision of patients with retinal diseases. The launch was made possible through a £96 million ($134 million) Series A financing round. Beacon Therapeutics…