SYDNEY, AUSTRALIA: Acrow, a leading provider of construction solutions in the industry, has announced the acquisition of Heinrich’s Ishebeck Formwork Panel System, a renowned formwork system used for in situ concrete projects. The asset-only purchase, valued at up to $12m, is part of Acrow’s strategic investments that drive growth and enhance its market position. The…
Exchange rates for GBP against major currencies on May 26, 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 1.1485 Pounds to Euros GBP-USD 1.2332 Pounds to Dollars GBP-NZD 2.0323 Pounds to New Zealand Dollars GBP-AUD 1.8929 Pounds to Australian…
Starling Bank CEO Anne Boden to step down after record profit
Anne Boden, the founder and chief executive of Starling Bank, one of Britain’s fastest-growing challenger lenders, has announced that she will step down from her role next month. Boden, who owns 4.9% of Starling, said she was leaving to avoid any conflict of interest between being a large shareholder and chief executive. She will be…
Gold prices today – May 25, 2023
As of today, May 25, 2023, the price of gold is trading at $1,962.55 per ounce. This is a decrease of 0.2% from yesterday’s price of $1,964.70 per ounce. The price of gold has been on a downward trend since reaching an all-time high of $2,075.72 per ounce in August 2020. There are a number…
ASX to sell its stake in Yieldbroker to Tradeweb
SYDNEY, AUSTRALIA: ASX has announced that it has agreed to sell its 43% stake in Yieldbroker, an Australian electronic fixed income trading platform, to Tradeweb, a global operator of electronic marketplaces for rates, credit and money markets. The deal, which is subject to regulatory approvals and other conditions, is expected to generate around A$55 million…
Cryptocurrency prices fall as war in Ukraine and rising interest rates weigh
The cryptocurrency market is in a state of flux today, with prices falling across the board. The main reason for the decline is the ongoing war in Ukraine, which has created uncertainty in the global markets. Investors are selling risky assets like cryptocurrencies as a result. Another reason for the decline is the rising interest…
Clean energy to attract over $1.7 trillion of investment in 2023, IEA says
Global investment in energy is slated to hit roughly $2.8 trillion in 2023, according to a new report from the International Energy Agency (IEA), with over $1.7 trillion of that set to go on clean energy technologies such as EVs, renewables and storage. In a sign of how the energy transition is progressing, the IEA’s…
Sony’s Project Q: A new way to play PS5 games on the go
Sony has announced Project Q, a new portable device that will let you stream PS5 games to an 8-inch HD screen. The device will have all the buttons and features of the PS5’s DualSense controller, such as haptic feedback and adaptive triggers. Project Q is expected to launch later this year12. Sony’s Project Q is not…
UK car production rises in April driven by strong demand for exports
UK car production rose by 9.9% in April, with 66,527 new models being built in the month. This was the third consecutive month of growth, and the highest level of production since January 2022. The increase in production was driven by strong demand for exports, with 82.4% of cars built in the UK destined for…
BenevolentAI announces strategic plan to boost AI and biopharma businesses
AMSTERDAM: BenevolentAI, a leader that combines cutting-edge Artificial Intelligence (AI) and science to accelerate biopharma discovery and development, today announced a strategic review approved by its Board of Directors. The Company said it is further evolving its differentiated technology platform and launching a new suite of products to capitalise on the vast potential of AI-driven…
Gold Prices Fall After Hitting Two-Week High
Gold prices fell on Thursday, as investors took profits after the precious metal hit a two-week high in the previous session. Spot gold was down 0.2% at $1,962.55 per ounce by 0130 GMT, after hitting $1,979.50 on Wednesday, its highest since May 9. U.S. gold futures fell 0.3% to $1,964.70. “Gold is consolidating after its…
ADM Energy invests in US oil leases through new subsidiary
LONDON, UK: ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company with an existing asset base in Nigeria, has invested in five on-shore US oil leases by way of a Membership Interest Purchase Agreement with OFX Holdings, LLC (formerly Tennessee Black Gold, LLC), a substantial shareholder of the Company. The…