LONDON, UK: Sancus Lending Group announced the sale of Sancus Lending (Gibraltar) Limited for £10,000 to Mr John Davey. As noted on 10 January 2023, in reviewing its operations in Gibraltar during 2022, the Company did not identify sufficient quality lending opportunities to merit continued efforts in the region and as a result the Goodwill…
Severfield plc to acquire Voortman Steel Construction Holding (VSCH) for €24 million
LONDON, UK: Severfield plc, the market-leading structural steel group, has entered into an agreement to acquire 100% of the share capital of Voortman Steel Construction Holding B.V. (VSCH), an innovative European steel construction group, for a net consideration of €24 million payable in cash on completion. Acquisition is anticipated to be earnings enhancing in the…
Deyaar Development launches iconic luxury seafront residential tower Mar Casa
DUBAI, UAE: Deyaar Development has launched its signature seafront project Mar Casa with a total value of AED 1.1 billion, redefining the region’s urban life and reinventing the boundaries of conventional luxury. A residential destination at Dubai Maritime City where heritage meets modernity, Mar Casa is perfectly connected to the old city as well as…
TECOM Group shareholders approve AED 200 million cash dividend for H2 2022
DUBAI, UAE: TECOM Group, the creator of specialised business districts and vibrant communities, held its inaugural Annual General Assembly Meeting at one of its major business parks, Dubai Internet City. During the meeting, shareholders approved the Group’s financial statements for the year ended 31 December 2022 and a recommendation by the Board of Directors to…
TradeWindow announces cost reductions
AUCKLAND, NZ: TradeWindow (NZX:TWL) outlined proposed cost reductions to reduce cash usage to a more sustainable level. The proposed changes reflect a more conservative approach to its R&D investments in a challenging funding market for early-stage technology companies. The announcement is in line with TradeWindow’s announcement to the NZX on 27 February. TradeWindow remains in…
Cameron Judson to lead the business as Ignite Limited CEO Tim Moran has resigned
SYDNEY, AUSTRALIA: Ignite Limited announced that Tim Moran has tendered his resignation as Chief Executive Officer. Tim’s final employment date will be 31 March 2023. Following Tim’s decision to step down as CEO, Ignite has appointed Cameron Judson as Executive Director to lead the business until at least the release of Ignite’s full year results…
OpenAI has created GPT-4
OpenAI has created GPT-4, the latest milestone in OpenAI’s effort in scaling up deep learning. “The AI technology “exhibits human-level performance on some professional and academic tasks,” a company blog noted. The company said the model is “more creative and collaborative than ever before” and would “solve difficult problems with greater accuracy” than its earlier…
UK pay growth slows down ahead of interest rate hike
Basic pay in United Kingdom (UK), excluding bonuses, rose by 6.5% in the three months to January compared with 6.7% in the three months to December, representing the first slowdown since late 2021. Total pay grew by an annual 5.7% in the November-to-January period, slowing from 6.0% in the previous figures and the weakest increase…
Volkswagen to invest 180 billion euros with primary focus on electrification and digitalization
Volkswagen, has announced plans to invest Euros 180 billion ($192.6 billion) over the next five years (2023-2027) with primary focus on electrification and digitalization. Volkswagen is a German multinational automotive manufacturing company headquartered in Wolfsburg, Lower Saxony, Germany. It was founded in 1937 and is currently the largest automaker in Europe and the second-largest in…
Centrica announces plans to extend life of two nuclear power stations
LONDON, UK: Centrica plc has announced plans to extend the lives of the Heysham 1 and Hartlepool nuclear power stations, which are now expected to close in March 2026, two years later than previously forecast. These extensions are expected to add 6TWh to Centrica’s electricity generation volumes between 2024 and 2026 which equates to around…
Playtech Plc announces a landmark strategic partnership with Hard Rock Digital
LONDON, UK: Playtech Plc announced a landmark strategic partnership with Hard Rock Digital (“HRD”), the exclusive, global vehicle for interactive gaming and sports betting for Hard Rock International and Seminole Gaming. Under the partnership, HRD will license a range of the Company’s proven technology solutions and iGaming content to deliver the authentic experience customers have…
Fintech Asia agrees terms to acquire InvesCore Financial Group
LONDON, UK: Fintech Asia (LON:FINA), a company established to acquire one or more companies or businesses in the financial technology sector, has entered into a heads of terms to acquire the entire issued share capital of InvesCore Financial Group. InvesCore Financial is a group of companies with its primary operations in the micro-finance sector, offering…