If you’re looking for a durable and stylish flooring option that’s easy to install, SPC flooring is a great choice. SPC stands for Stone Polymer Composite, and it’s made from a mixture of stone, polymers, and additives. This makes it strong, water-resistant, and scratch-resistant. SPC flooring is also relatively easy to install. If you have…
Pakistan to Introduce Digital Currency in the Future
Pakistan is on its way to introducing a digital currency, similar to cryptocurrencies like Bitcoin and Ethereum. This was announced by Shoukat Bizinjo, Additional Director, Digital Financial Services Group, State Bank of Pakistan (SBP), at the 16th international conference on Mobile Commerce, organized by Total Communications. Bizinjo said that the SBP is reviewing and consulting…
Li Auto Delivers More Than Twice as Many Cars in May
Chinese electric car startup Li Auto said it delivered more than twice as many cars in May versus a year ago. For a third-straight month, Li Auto’s deliveries topped 20,000 with a climb to 28,277 vehicles in May, according to a release Thursday. That’s up by about 146% from a year ago. In contrast, competitors…
Exchange rates for GBP against major currencies on June 2, 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 1.1636 Pounds to Euros GBP-USD 1.2533 Pounds to Dollars GBP-NZD 2.0556 Pounds to New Zealand Dollars GBP-AUD 1.8952 Pounds to Australian…
Synlait to Divest Dairyworks and Talbot Forest Cheese businesses
SYDNEY, AUSTRALIA: Synlait Milk Limited (Synlait) has announced plans to divest its Dairyworks and Talbot Forest Cheese businesses. The move comes as Synlait undertakes a strategy and capital structure refresh, including an asset review. Synlait CEO Grant Watson said the divestment would allow the company to focus on its core businesses of Advanced Nutrition and…
Funds advised by Apax invest in Swing Education
LONDON, UK: Apax Global Alpha, the closed-ended investment company providing access to the Apax Private Equity Funds, today announced that it expects to invest approximately €1.7m in Swing Education on a look-through basis. On 1 June 2023, the Apax Global Impact Fund (“AGI”), in which AGA is a limited partner, announced an investment in Swing…
Origin Enterprises acquires UK’s leading tree nursery
LONDON, UK: Origin Enterprises plc, the international Agronomy-Services group that provides specialist advice, inputs and digital solutions to promote sustainable land use, has announced the acquisition of British Hardwood Tree Nursery Limited (BHT), one of the UK’s leading suppliers of bare root trees, shrubs, hedgerow plants and planting accessories. The acquisition is part of Origin’s…
Ashington Innovation raises £809k in IPO to target fintech and deep tech sectors
LONDON, UK: Ashington Innovation plc, a special purpose acquisition company (“SPAC”) aiming to benefit from favourable price conditions for companies in the financial services technology (fintech) and deep technology (deep tech) sectors, has announced the results of its initial public offering and standard listing on the Main Market of the London Stock Exchange (“the Offering”)….
EQT Funds and Luxinva S.A. to acquire Dechra Pharmaceuticals for £4.459 billion
LONDON, UK: Freya Bidco Limited has agreed to acquire entire issued, and to be issued, ordinary share capital of Dechra Pharmaceuticals at the rate of 3,875 pence in cash for each Dechra share. Freya Bidco Limited is a newly formed company to be indirectly owned by EQT Funds and Luxinva S.A. The acquisition values Dechra’s…
Zenith Energy expands its US presence with Stateside Energy LLC deal
LONDON, UK: Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international energy production company with assets in Africa and Europe, has announced that it has entered into an agreement with Stateside Energy LLC, an Oklahoma-based oil and gas operator, to acquire and operate a portfolio of oil production and development licences in Oklahoma, as well…
Orcoda acquires Future Fleet International to boost its transport logistics solutions
SYDNEY, AUSTRALIA: Orcoda Limited (ASX: ODA) has signed a Share Purchase Agreement to acquire 100% of the shares in Future Fleet International Pty Ltd, a Brisbane-based company that offers advanced fleet management systems, including telematics, asset tracking, driver fatigue and distraction detection technology and cold chain logistics assurance services. The total purchase price for the…
NatWest and Irish government to sell 6% stake in Permanent TSB
LONDON, UK: NatWest Group plc and the Irish government have announced their intention to sell part of their shareholdings in Permanent TSB Group Holdings PLC (PTSB), a leading provider of retail and SME banking in the Irish market. The sale will be done through a placing to institutional investors, with the price to be determined…