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…
Exchange rates for GBP against major currencies on June 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 1.17 Pounds to Euros GBP-USD 1.2573 Pounds to Dollars GBP-NZD 2.0548 Pounds to New Zealand Dollars GBP-AUD 1.8646 Pounds to Australian…
How to Optimize Your Video Streaming Content for SEO
Video streaming is a popular way to consume content, and it’s only going to become more popular in the future. As a result, it’s important to optimize your video streaming content for SEO so that you can reach as many people as possible. Here are a few tips for optimizing your video streaming content for…
Illumina CEO Francis deSouza Resigns Following Activist Investor’s Failed Ouster Attempt
Illumina, a leading biotech company, announced on Sunday that CEO Francis deSouza has resigned from his position. This development comes just weeks after activist investor Carl Icahn’s attempt to oust deSouza from the company was unsuccessful. The board of directors at Illumina has accepted deSouza’s resignation and has initiated a search for a new CEO….
Labor Dispute Escalates as Port of Seattle Shuts Down Amidst Ongoing West Coast Strife
The labor strife plaguing the West Coast has reached a critical point, as the Port of Seattle announced a complete shutdown due to the International Longshore and Warehouse Union (ILWU) refusing to dispatch labor to work at the container terminals. The Pacific Maritime Association (PMA), representing the port terminals, made this announcement, further exacerbating the…
Cargo worth billions stuck as West Coast ports and terminals grind to a halt
West Coast ports are facing severe disruptions as union workers orchestrate a work slowdown in response to failed negotiations with port management. The International Longshore and Warehouse Union (ILWU) workforce’s deliberate reduction in productivity has brought ground port operations to a crawl, leading to a significant backlog of containers waiting outside port limits. Supply chain…
Exchange rates for GBP against major currencies on June 10, 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 1.1695 Pounds to Euros GBP-USD 1.2571 Pounds to Dollars GBP-NZD 2.0538 Pounds to New Zealand Dollars GBP-AUD 1.8651 Pounds to Australian…
Exchange rates for GBP against major currencies on June 9, 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 1.1674 Pounds to Euros GBP-USD 1.2574 Pounds to Dollars GBP-NZD 2.0517 Pounds to New Zealand Dollars GBP-AUD 1.8675 Pounds to Australian…
Binance.US Faces Setback as USD Fiat Channels Suspended, Impacting Crypto Trading
Binance.US, the American arm of cryptocurrency exchange Binance, is set to face operational challenges as it announced that customers will no longer be able to utilize U.S. dollars to purchase cryptocurrencies on the platform starting from June 13. The decision comes after Binance’s payment and banking partners expressed their intention to pause USD fiat channels,…
WebMD to acquire Limeade, creating a powerful combination of culture and well-being
SYDNEY, AUSTRALIA: Limeade (ASX: LME), an immersive employee well-being company, announced today that it has entered into a definitive merger agreement with WebMD, a leading provider of health information services. The merger agreement, unanimously approved by Limeade’s board of directors, will result in WebMD acquiring Limeade through a merger of a wholly-owned subsidiary of WebMD…