LONDON, UK: Enteq Technologies plc (AIM: NTQ.L), the energy services technology and equipment supplier, has appointed Mark Ritchie as Chief Financial Officer (“CFO”), who will commence his role on 16 June 2023, succeeding the current CFO David Steel. Mark Ritchie is an associate member of the Chartered Institute of Management Accountants and has over 20…
Frontier IP sells more Exscientia shares for $1.86 million
LONDON, UK: Frontier IP, a UK-based company that helps commercialise intellectual property, has announced that it has sold more shares of its portfolio company Exscientia, a biotech firm that uses artificial intelligence to discover new drugs. The company said it sold 288,850 American Depositary Shares (ADSs) of Exscientia for net proceeds of about $1.86 million…
Rotala Plc to sell Bolton Depot and buses
LONDON, UK: Rotala Plc (AIM: ROL.L), an operator of bus routes in the UK for businesses, local authorities and the general public, has announced that it has exchanged contracts with Transport for Greater Manchester (“TfGM”) and the Greater Manchester Combined Authority (“GMCA”) in relation to the conditional disposals of its Bolton depot and the majority…
Aurrigo International acquires GB Wiring Systems to expand automotive business
LONDON, UK: Aurrigo International plc (AIM: AURR) has acquired GB Wiring Systems Limited, specialist providers of electrical wiring harnesses and assemblies for the Automotive industry, for a consideration of approximately £0.25m (the “Acquisition”). The Acquisition will be immediately earnings enhancing and will complement Aurrigo’s existing Automotive business, allowing for improved supply chain logistics for key…
Avacta Group acquires Coris Bioconcept to expand diagnostics business
LONDON, UK: Avacta Group plc (AIM: AVCT), a life sciences company developing innovative, targeted oncology drugs and powerful diagnostics, announced today that it has acquired Coris Bioconcept SRL (“Coris”) for an upfront cash consideration of £7.4 million (on a debt-free/cash-free basis and subject to customary working capital adjustments), with an earnout based on future business…
Iain McCready joins Actual Experience as CEO after regulatory clearance
LONDON, UK: Actual Experience plc (AIM: ACT), the analytics-as-a-service company, confirms that Iain McCready has joined the board of the company as an Executive Director and Chief Executive Officer, effective immediately. Mr McCready’s appointment was announced on 26 May 2023, subject to regulatory due diligence by the company’s Nomad. The company said the due diligence…
TEAM acquires international wealth management firm Globaleye for £4.8 million
LONDON, UK: TEAM plc (AIM: TEAM), the wealth, asset management and complementary financial services group, has acquired the entire issued share capital of Globaleye BVI, the parent company of the Globaleye Wealth Management Group (“Globaleye”) for £4.8 million ($6 million). Globaleye is an international wealth management business, headquartered in Dubai, with five further offices and…
Tinybeans appoints new CEO with digital subscription expertise
SYDNEY, AUSTRALIA: Tinybeans Group Limited (ASX: TNY), the parent company of the popular family photo-sharing app Tinybeans, has announced the appointment of Zsofi Paterson as its new Chief Executive Officer (CEO), effective 17 July 2023. Ms Paterson is an experienced scale-up CEO with a strong track record in building and leading high-performing teams to drive…
Vicinity sells half of Broadmeadows Central for $134.5 million
SYDNEY, AUSTRALIA: Vicinity Centres has agreed to sell a 50% stake in Broadmeadows Central shopping centre in Victoria to Nikos Property Group for $134.5 million, marking its latest move to reshape its portfolio and reduce debt. The deal, announced on Tuesday, values the suburban mall at a premium to its book value as of December…
Exchange rates for GBP against major currencies on June 1, 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 1.1638 Pounds to Euros GBP-USD 1.2429 Pounds to Dollars GBP-NZD 2.068 Pounds to New Zealand Dollars GBP-AUD 1.9088 Pounds to Australian…
New rule to make automatic emergency braking mandatory for all new cars
The National Highway Traffic Safety Administration (NHTSA) announced on Wednesday that it plans to require all new passenger cars and light trucks to have automatic emergency braking systems by 2026. The agency said the new rule will make the braking systems more effective at higher speeds and better at avoiding pedestrians, especially at night. The…
Cadillac GT4 Coupe-SUV Debuts in China
Cadillac has unveiled a new coupe-style SUV called the GT4 for the Chinese market. The GT4 is based on the same platform as the XT4 and XT6, but it has a more stylish and sporty design. It is also the first Cadillac model to be offered with a 33-inch curved display. The GT4 is powered…