LONDON, UK: Smoove plc (AIM: SMV), a technology and services company focused on transforming the home moving and ownership process, has announced a strategic agreement with Mortgage Advice Bureau (Holdings) plc (“MAB”). The partnership aims to provide conveyancing comparison and related home-buying support services, revolutionizing the home-buying experience for customers. Under the agreement, Smoove will…
Capita Plc agrees to sell software businesses to AdvancedAdvT
LONDON, UK: Capita plc confirms that it has agreed to sell software businesses CIBS, CHKS, Retain, WFM and Synaptic to AdvancedAdvT Limited for an enterprise value of £33 million on a cash-free, debt-free basis. Including cash and debt-like items and typical working capital adjustments, Capita expects to receive cash proceeds of c£44m on completion, including…
CAB Payments Holdings weighs IPO on London Stock Exchange
LONDON, UK: CAB Payments Holdings Limited, a market leader in business to business (“B2B”) cross-border payments and foreign exchange, specialising in emerging markets, announced its intention to publish a registration document and its potential intention to undertake an initial public offering. Should CAB Payments proceed with the offer, the company will apply for admission of…
Exchange rates for GBP against major currencies on June 8, 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 1.1625 Pounds to Euros GBP-USD 1.2454 Pounds to Dollars GBP-NZD 2.0576 Pounds to New Zealand Dollars GBP-AUD 1.8687 Pounds to Australian…
Bank of Canada Raises Key Overnight Rate to 4.75%, Highest Level in 22 Years
In response to growing concerns about persistent inflation and strong economic growth, the Bank of Canada (BoC) has raised its key overnight benchmark rate to 4.75%, reaching its highest level in 22 years. The central bank had maintained the rate since January to assess the impact of previous hikes. Prior to this increase, borrowing costs…
Wholesale Used Vehicle Prices in U.S. Hit Lowest Point of the Year as Sales Decline
In May 2023, wholesale used vehicle prices reached their lowest level for the year, reflecting a decline in sales amid high interest rates and inflated retail prices. Cox Automotive, a leading provider of automotive services, reported a 2.7% drop from April to May in its Manheim Used Vehicle Value Index, bringing it to 224.5. This…
iGaming
Igaming is a term that refers to online gambling, such as casino games, poker, sports betting, and lottery. There are many igaming terminologies that you might encounter when playing or learning about these games. Here are some examples of common igaming terms:
Mobile Streams partners with Bitso to revolutionize sporting NFT market
LONDON, UK: Mobile Streams plc, a mobile content and data intelligence company listed on AIM, has announced an exclusive commercial partnership with Bitso, the leading financial services company powered by crypto in Latin America. Bitso, founded in 2014, has achieved significant growth, boasting over seven million customers globally. The company provides institutional services to 1,500…
Onebeat Raises $10M in Funding to Expand AI-Enabled Retail Platform
Onebeat, an AI-enabled retail-tech company based in Tel Aviv, Israel, has secured an additional $10 million in funding. The funding round was led by Magenta Venture Partners, with participation from AnD Ventures, INcapital Ventures, J-Ventures, Surround Ventures, and Wilson’s Bird Capital. The fresh funding will be utilized by Onebeat to fuel the expansion of its…
German Industrial Production Rises Below Expectations in April
Berlin, Germany: German industrial production showed a slower-than-expected increase in April, according to data released by Destatis, the federal statistical office of Germany. The figures indicate a mixed performance across different sectors of the German economy. Industrial orders in April rose by 0.3% on a monthly basis, following a decline of 2.1% in March. However,…
Brussels Airport and Shenzhen Airport Strengthen Ties with Sister Airport Relationship Agreement
Brussels, Belgium: Brussels Airport and Shenzhen Airport have solidified their strategic partnership by officially signing a Sister Airport Relationship agreement. This collaboration aims to foster closer ties between the two airports and facilitate the exchange of best practices in the high-tech industry and B2B e-commerce. The partnership between Brussels Airport and Shenzhen Airport seeks to…
STMicroelectronics and Sanan Optoelectronics to form JV for SiC device manufacturing in China
Chongqing, China: STMicroelectronics (NYSE: STM), a global semiconductor leader, and Sanan Optoelectronics, a prominent player in compound semiconductors in China, have signed an agreement to form a new joint venture (JV) focused on manufacturing silicon carbide (SiC) devices. The JV aims to meet the growing demand for SiC devices in China’s automotive electrification, industrial power,…