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…
Microlise Group has acquired Vita Software, a transportation management system provider
LONDON, UK: Microlise Group plc (AIM: SAAS), a leading provider of SaaS based transport technology solutions to fleet operators, announced the acquisition of Vita Software, a leading provider of transportation management system (TMS) solutions, for a total consideration of £2.06 million. The acquisition will expand Microlise’s suite of transport technology solutions and is expected to…
Coinsilium Group to acquire Web3 advisory service business of Tokenomi
LONDON, UK: Coinsilium Group Limited (AQSE: COIN) has entered into Heads of Terms (HoT) with Tokenomi, a blockchain and Web3 advisory services firm and with its owner and managing director, Alexis Nicosia, to acquire the advisory service business and certain intellectual property assets of Tokenomi, under a proposed Asset Purchase Agreement (APA). Tokenomi advisory client…
RS Group appoints Simon Pryce as Chief Executive Officer
LONDON, UK: RS Group announced that Simon Pryce is to be appointed to the role of Chief Executive Officer (CEO) and Executive Director with effect from 3 April 2023. David Egan, currently Acting CEO, will work alongside Simon in his role of Chief Financial Officer (CFO). RS Group plc is a distributor of industrial and…
Guild Mortgage has acquired Cherry Creek Mortgage
SAN DIEGO: Guild Mortgage (NYSE: GHLD) has acquired Cherry Creek Mortgage LLC, a privately held Colorado-based lender with physical branches across the country whose business and customer-centric approach closely aligns with Guild’s. Cherry Creek Mortgage was co-founded by Jeff May in Greenwood Village, Colorado in 1987. He led company growth over the past 36 years,…
Pakistan’s car sales decline 40% amidst muted demand
KARACHI, PAKISTAN: Pakistan Automotive Manufacturing Association (PAMA) has released the sales and production data for the month of Feb’23, where car sales are down by 40% MoM to clock in at 3,642 units. The decline in sales is mainly due to supply side constraints along with muted demand which has led automobile players to close…
PPK Group to acquire majority interest in lithium battery manufacturer, PowerPlus Energy
SYDNEY, AUSTRALIA: PPK Group Limited (ASX: PPK) has entered a series of conditional transactions to acquire a material interest in PowerPlus Energy Pty Ltd, Australia’s largest privately owned lithium battery manufacturer. PowerPlus Energy specialises in supplying reliable, long-lasting modular battery storage solutions for on-grid and off-grid homes and businesses. PowerPlus Energy, based in Melbourne, Victoria…
U.S. average mortgage rate drop to 6.57%
The U.S. average rate on the popular 30-year fixed mortgage dropped to 6.57% on Monday, according to Mortgage News Daily. That’s down from a rate of 6.76% on Friday and a recent high of 7.05% last Wednesday. U.S. mortgage rates loosely follow the yield on the 10-year Treasury, which fell to a one-month low in…
Silver Lake and CPP Investments to acquire Qualtrics for $12.5 billion
Silver Lake and CPP Investments announced plans to acquire Qualtrics for $12.5 billion. Shares of Qualtrics were up more than 6% Monday, CNBC reported. Qualtrics is a web-based software platform that provides a range of research tools for businesses, academic researchers, and other organizations. The platform allows users to design and distribute surveys, collect and…