LONDON, UK: ScS Group, one of the UK’s largest retailers of upholstered furniture and floorings, has acquired the brand, domain names, website, intellectual property and stock of Snugsofa.com (Snug) from the administrators of Snug Shack Limited for consideration of £875,000….
Mortgage rates are still double compared to a year ago, but housing prices are easing since June. A monthly housing sentiment index from Fannie Mae showed sentiment improving from November to December. The index is still lower than it was…
LONDON, UK: According to a renowned thinktank, Resolution Foundation, UK households are only halfway through a two-year cost of living crisis, and average salaries are set to drop by more than £2,000 as a result. The cost of living crisis…
OSLO, NORWAY: Benjamin Kristoffer Golding has been appointed Chief Executive Officer of Arendals Fossekompani. “We are very pleased to welcome Golding to Arendals Fossekompani. With great insights into technology and a solid all-round industrial and financial background, Golding is well…
HAMILTON, BERMUDA: Archer Limited has closed the acquisition of Romar-Abrado. The acquisition is based on an enterprise value of USD 8 million, plus earn-out pending trading performance over 2023 to 2025. The acquisition is conducted on a debt free basis…
MUNICH: Mutares SE & Co. has signed an agreement to sell its portfolio company Lacroix + Kress GmbH to Superior Essex Global LLC. The closing of the transaction is expected in the first quarter of 2023. Lacroix + Kress is…
SYDNEY, AUSTRALIA: First Graphene Limited (ASX: FGR) has entered into a joint development agreement (JDA) with Suvo Strategic Minerals (ASX:SUV) to research and develop low-emission cement and concrete products. The agreement aims to investigate the potential for further improvements in…
SYDNEY, AUSTRALIA: Catalyst Metals Limited (ASX: CYL) entered into a Bid Implementation Agreement to offer a bid to acquire Vango Mining Limited (ASX:VAN). The offer is consistent with Catalyst Metal’s strategy to control high-grade gold belts in Australia, with Vango’s…
SYDNEY, AUSTRALIA: Cann Group Limited (ASX: CAN) announced that Peter Koetsier has been appointed to the role of Chief Executive Officer (CEO) and will commence in the role on January 16, 2023. Peter Koetsier will replace Peter Crock, who was…
LONDON, UK: AstraZeneca has entered into a definitive agreement to acquire CinCor Pharma Inc., a US-based clinical-stage biopharmaceutical company, focused on developing novel treatments for resistant and uncontrolled hypertension as well as chronic kidney disease. Under the terms of the…
OSLO, NORWAY: Aker Solutions has been awarded a substantial contract from Altera Infrastructure for the complete upgrade of the Petrojarl Knarr floating production storage and offloading vessel (FPSO) to be redeployed at Equinor’s Rosebank field development, offshore UK. The selected…
PARIS, FRANCE: Ipsen will acquire Albireo, a leading innovator in bile-acid modulators to treat pediatric and adult cholestatic liver diseases. Ipsen is a global, mid-sized biopharmaceutical company focused on transformative medicines in Oncology, Rare Disease and Neuroscience. With Specialty Care…