Bed Bath & Beyond is closing 400 stores as it tries to stave off bankruptcy. Bed Bath & Beyond has fallen to the “retail apocalypse” over the past decade, but many chains are still growing. Growth has been most pronounced in the discount segment of retail as shoppers on tight budgets search for low prices….
U.S. homes sales rise 14.5% in February 2023
Sales of existing homes in United States rose 14.5% in February compared with January, according to a seasonally adjusted count by the National Association of Realtors. That put sales at an annualized rate of 4.58 million units. It was the first monthly gain in 12 months and the largest increase since July 2020, just after…
Mike Cuthbert appointed Chairman of Oberon Investments Group
LONDON, UK: Oberon Investments Group, the Investment Management and Corporate Finance group based in the West End, announced the appointment of Mike Cuthbert as Chairman. He succeeds Alex Hambro, who steps back but remains a Non-Executive Director of Oberon Investments Group. The handover of roles will conclude on Monday 20th March 2023. Mike Cuthbert has…
Looking Glass Labs to sell GenZeroes and GenX Smart Contract
VANCOUVER, BRITISH COLUMBIA: Looking Glass Labs (LGL), a leading Web3 platform specialising in immersive metaverse environments, play-to-earn tokenisation and blockchain monetisation strategies, announces that it has entered into a letter of intent to vend GenZeroes Productions Inc., the GenX smart contract and all associated intellectual propertyto GenZeroes Universe Inc. GenZeroes Universe Inc. is led by…
Edward Buttery appointed CEO of Grindrod Shipping
LONDON, UK: Taylor Maritime Investments Limited (TMI) announced that Edward Buttery, Chief Executive Officer and Executive Director of TMI, will be appointed Chief Executive Officer of its recently acquired subsidiary, Grindrod Shipping Holdings Limited (NASDAQ: GRIN; JSE: GSH) with effect from 1 April 2023, making him CEO of both companies. Edward’s role as Grindrod CEO…
Pearson Plc sells Online Learning Services business to Regent LP
LONDON, UK: Pearson Plc has agreed to sell Pearson Online Learning Services (POLS) to Regent LP, a global private equity firm focused on acquiring businesses and deploying its strategic and operational expertise to fuel growth and innovation. In August 2022, Pearson plc, the world’s leading learning company, announced a strategic review of its international Online…
Sopra Steria to acquire Ordina N.V. for EUR 518 million
PARIS, FRANCE: Sopra Steria has agreed on a recommended public offer to be made to acquire all of the issued and outstanding ordinary shares in the capital of Ordina N.V. for EUR 5.75 in cash per share. This represents a total consideration of approximately EUR 518 million. Sopra Steria has fully committed financing with existing…
Lhyfe has acquired a 49% stake in the Finnish company Flexens
HELSINKI, FINLAND: Lhyfe has acquired a 49% stake in the Finnish company Flexens, a developer of renewable and green hydrogen and Power-to-X projects. This is the first investment for Lhyfe, which illustrates its desire to expand rapidly in countries with big plans for renewable and green hydrogen. The move will accelerate the commercial deployment and…
Vital Metals CEO John Dorward has resigned
SYDNEY, AUSTRALIA: Vital Metals Limited announced John Dorward has resigned as a Director of the Company immediately and as CEO with three months’ notice. In December 2022, Vital Metals announced its pivot strategy with a sharper focus on developing the Tardiff Deposit at the Nechalacho Project, and the Company will conduct an international search for…
Helloworld Travel to acquire 34% stake in Australiareiser
SYDNEY, AUSTRALIA: Helloworld Travel Limited (ASX: HLO) has agreed to acquire a 34% stake in Oslo based B2C travel business, Australiareiser from its founders. Founded by Oslo based CEO Rolf Kjeseth in 2005, Australiareiser is a B2C operation and is the largest specialist travel wholesaler from Scandinavia to Australia, New Zealand and the South Pacific…
Is UK prepared for a possible outbreak of avian flu among humans
Avian flu is infecting wild bird populations across the globe, with 175 confirmed cases in the UK since October last year. Britain is not prepared for a possible spill-over of the bird flu virus into humans. According to Evening Standard, Dr Nicole Robb, Assistant Professor at Warwick University, said the UK’s testing capacity is currently…
Amazon.com Inc announces another 9,000 jobs cut
Amazon.com Inc on Monday said it would cut another 9,000 jobs totaling 27,000 job cuts in recent months. In a note to staff posted online, CEO Andy Jassy said the decision stemmed from ongoing analysis of priorities and uncertainty about the economy. Whereas prior cuts had focused on the company’s e-commerce and devices business as…