Parkmead, a leading energy company, has achieved significant milestones over the past 18 months, generating strong cash flow from its natural gas fields in the Netherlands and venturing into renewable energy with direct sales of electricity to the national grid from its wind turbines in the UK. With the aim of further expanding its gas…
Saint-Gobain acquires Hume Cemboard Industries to strengthen presence in Malaysia
LONDON, UK: Saint-Gobain has entered into a definitive agreement to acquire Hume Cemboard Industries Sdn Bhd (HCBI), a leading manufacturer of cement boards for façades, partitions, and ceilings in Malaysia. Hume Cemboard Industries operates one manufacturing facility and employs 280 people in the west of Malaysia with revenues of around €20 million. This lightweight board…
Praetura Growth VCT announces £10 million IPO to support scalable businesses
LONDON, UK: Praetura Growth VCT plc, a newly established Venture Capital Trust (VCT), has revealed its plans to launch an initial public offering (IPO) targeting gross proceeds of £10 million. The company aims to issue 10 million ordinary shares of 1 penny each through an offer for subscription, with an additional 10 million ordinary shares…
Legal & General Group appoints António Simões as Group CEO
LONDON, UK: Legal & General Group Plc announced that the António Simões is to be appointed to the role of Group Chief Executive Officer of Legal & General, subject to regulatory approval. António will join from Banco Santander where he has been Regional Head of Europe since September 2020. In this role, he leads Santander’s…
TECOM group secures refinancing for existing loan facility at more favourable terms
DUBAI, UAE: TECOM Group has entered into a new five-year AED 7.6 billion unsecured loan facility replacing the existing partially utilized term loan of AED 7.6 billion. The Facility will have a positive impact on the Company’s cash flow profile while providing it with the funds to execute its growth strategy. The facility has been…
Australian Rare Earths appoints Travis Beinke as CEO
SYDNEY, AUSTRALIA: Australian Rare Earths Limited (ASX: AR3) has announced the appointment of seasoned resources executive Travis Beinke as the company’s Chief Executive Officer (CEO), effective from June 19, 2023. With over 20 years of experience in the resources sector, Beinke brings a wealth of knowledge and expertise to his new role. Beinke’s most recent…
Douugh Launches Revolutionary Card Product, Disrupting Traditional Banking Landscape
SYDNEY, AUSTRALIA: Douugh, the leading fintech company that recently received accolades for “Best Share Trading App” and “Best Share Trading App for Beginners” by Finder, is set to revolutionize the financial industry once again with the launch of its groundbreaking card product. Aimed at empowering Australians to manage their cash flow effectively while growing their…
Exchange rates for GBP against major currencies on June 15, 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 1.1693 Pounds to Euros GBP-USD 1.2649 Pounds to Dollars GBP-NZD 2.0417 Pounds to New Zealand Dollars GBP-AUD 1.8546 Pounds to Australian…
Majority raises $9.75mn to expand mobile banking services for migrants in the U.S.
Miami, FL: Majority, a Miami-based company specializing in mobile banking services for migrants in the United States, has successfully raised USD9.75 million in its recent funding round. The funding round was led by prominent venture capital firms Valar Ventures and Heartcore Capital. With this latest investment, Majority has now raised over $86 million in equity,…
Connext Labs raises $7.5M to boost blockchain interoperability
Connext Labs, a San Francisco-based startup that provides a blockchain interoperability protocol, has secured $7.5 million in strategic funding from a group of investors, valuing the company at $250 million. The funding round, which brings Connext’s total raised to $23.2 million, was led by Polychain Capital and included NGC Ventures, Polygon Ventures, IOSG Ventures, Fenbushi…
Vodafone and Three UK to create £15 billion mobile giant
Vodafone and Three UK have agreed to merge their UK operations, creating the country’s largest mobile phone network with a value of £15 billion. The deal, which is expected to close by the end of 2024, will see Vodafone own 51% of the combined business and Three’s parent company CK Hutchison own the remaining 49%….
Google Unveils AI-Powered Features to Enhance Ad Placement for Brands
Google, a subsidiary of Alphabet, announced on Wednesday the launch of two new artificial intelligence (AI)-powered features designed to assist advertisers in finding optimal ad placements across the company’s suite of services. With AI becoming increasingly prominent in the tech industry, Google aims to leverage its capabilities to enhance advertising strategies and improve revenue generation….