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 a year ago and just slightly off its record low set in October and November….
UK’s cost of living crisis will cut Households’ income by over £2,000
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 which, when combined with a tough recession, will leave households worse off than they were…
Benjamin Kristoffer Golding appointed CEO of Arendals Fossekompani
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 equipped to take Arendals Fossekompani to the next level,” says Trond Westlie, Chairman of the…
Archer Limited acquires Romar-Abrado at an enterprise value of $8 million
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 and financed by available cash at hand. Romar-Abrado offers advanced milling and SWARF handling services…
Benefits of SEO for Startups
Understanding the game In order to succeed in the SEO world, you need to not only get on top of the game, but learn how it really works. If you don’t gain a sufficient understanding of search engines’ intricacies, you will inevitably find yourself wondering why you fell in the rankings eventually (or why you…
Mutares signs an agreement to sell Lacroix + Kress GmbH to Superior Essex
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 the leading oxygen free copper drawing manufacturer in Europe. The Germany based company employs approximately…
First Graphene and Suvo Strategic Minerals to develop low-emission cement and concrete
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 CO2 emission reductions by combining the already successful outcomes achieved from the addition of graphene…
Catalyst Metals to offer a bid to acquire Vango Mining
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 highly prospective Marymia Gold Project having +40 kilometres of under-explored strike along the world-class Marymia-Plutonic…
Cann Group appoints Peter Koetsier as new CEO
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 appointed on April 19, 2016 and announced on October 24, 2022 that he would be…
AstraZeneca agrees to acquire CinCor Pharma for upto $1.8 billion
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 agreement, AstraZeneca will initiate a tender offer to acquire all of CinCor’s outstanding shares for…
Aker Solutions wins Rosebank FPSO contract from Altera Infrastructure
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 development concept for the Rosebank field includes redeployment and reuse of the existing Petrojarl Knarr…
Ipsen agrees to acquire Albireo in a $952 million deal
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 sales of €2.6bn in FY 2021, Ipsen sells medicines in over 100 countries. Albireo is…