LONDON: J Sainsbury PLC announced the sale of the Argos Financial Services (AFS) cards portfolio to NewDay Group. The AFS cards support around 20 percent of Argos sales and are held by around two million Argos customers who use Argos credit to manage the cost of their purchases. The purchase price for the portfolio acquisition…
Coca-Cola HBC reports strong Q3 growth with 13.9% increase in organic revenue
LONDON: Coca-Cola HBC AG has announced its Q3 2024 trading update, highlighting strong organic revenue growth of 13.9% for the quarter and 13.7% year-to-date. The company saw a 4.0% increase in organic volumes, with notable growth in Sparkling (3.9%), Energy (28.0%), and Coffee (35.6%) categories. Organic revenue per case rose by 9.5%, driven by targeted…
Commissioning of two hybrid solar and battery storage projects in Australia
LONDON: VH Global Sustainable Energy Opportunities plc has completed the construction and commissioning of two solar and storage hybrid systems in Australia. The assets comprise solar PV sites with DC-coupled two-hour 4.95MW battery energy storage systems (“BESS”) situated in New South Wales. Following the completion of these two sites, the operational portion of the Company’s…
Samsung announces USD 47.9 billion capital expenditure plan for 2024
LONDON: Samsung Electronics Co., Ltd. announced on October 31, 2024, a capital expenditure plan of approximately KRW 56.7 trillion ($47.9 billion) for the year. The investment aims to boost the competitiveness of its key businesses. The total planned capital expenditure includes KRW 47.9 trillion for Device Solutions and KRW 5.6 trillion for Samsung Display Corp.…
nCino has agreed to acquire FullCircl
LONDON: nCino, the NASDAQ listed US digital banking platform, has agreed to acquire FullCircl, the RegTech platform and a portfolio investment of the Augmentum Fintech plc (LSE: AUGM). The transaction implies a valuation of the Company’s investment in FullCircl of £6.0 million subject to final adjustments, which represents a 75% increase on the last published…
Mercury NZ announces leadership changes to drive new three-year goals
WELLINGTON: Mercury NZ Limited’s Chief Executive, Stew Hamilton, has announced significant changes to the company’s Executive Leadership Team to support its new three-year objectives. Mr. Hamilton, who has been in the role for about two months, emphasized the importance of engaging with team members and stakeholders to steer Mercury’s growth. Two existing roles have been…
Nexus Infrastructure has acquired Coleman Construction & Utilities Limited for £5.38 million
LONDON: Nexus Infrastructure Plc (AIM: NEXS), a leading provider of essential infrastructure solutions, announced the acquisition of Coleman Construction & Utilities Limited, a civil engineering & construction business with experience in several key sectors including water, rail, highways, and rivers & marine, for a total consideration of up to £5.38m. The Group also provides an update…
Bridgepoint Advisers offers to acquire Eckoh Plc for £169.3 million
LONDON: Bridgepoint Advisers and Eckoh have agreed on terms for a recommended cash acquisition of Eckoh’s entire share capital by Bridgepoint’s Bidco. Eckoh shareholders will receive 54 pence per share, valuing the company at approximately £169.3 million. This offer represents a premium of 11.34% to the closing price on August 21, 2024, and higher percentages…
Thor Energy signs deal to acquire 80.2% of Australia-based explorer, Go Exploration Pty Ltd
LONDON: Thor Energy Plc (AIM, ASX: THR, OTCQB: THORF) has entered into a binding acquisition agreement to acquire 80.2% of the issued share capital of Go Exploration Pty Ltd, an Australian-based natural hydrogen and helium explorer. The acquisition will be satisfied by issuing 466,462,584 new ordinary shares in Thor Energy, with 70% of these shares…
Gooch & Housego has acquired UK-based Phoenix Optical for £6.75 million
LONDON: Gooch & Housego PLC (AIM: GHH), the specialist manufacturer of optical components & systems, has acquired UK-based Phoenix Optical for a total consideration of up to £6.75 million. This acquisition extends G&H’s precision optics capabilities in its Aerospace & Defence markets and creates new opportunities for the cross selling of the combined capabilities. From…
SDI Group has acquired InspecVision Ltd for a net consideration of £6.1 million
LONDON: SDI Group plc has announced the acquisition of InspecVision Ltd, a designer and manufacturer of computer vision-based measurement systems for industrial applications, for a net consideration of £6.1m. Highlights · Profitable business in the metrology market · Blue chip customer base, international revenues and strong US market exposure · Provides intra-group cross selling opportunities · Delivering against Group’s stated…
Zinc Media Group has acquired Raw Cut Ventures Ltd for £1.0 million
LONDON: Zinc Media Group plc (AIM: ZIN) has announced the acquisition of Raw Cut Ventures Ltd, which owns Raw Cut Television, Raw Cut Distribution, and Tomas TV a leading independent television production and distribution company for an initial net consideration of £1.0m to be satisfied by the issue of 1,541,622 Zinc new ordinary shares. Application…