LONDON: LPA Group plc, the innovation-led engineering specialist in electronic and electro-mechanical components and systems, announced the appointment of Philo Daniel-Tran as Chief Executive Officer who will join LPA as a director of the Company in January 2025. Philo has a wealth of experience working in Transport, Defence and Security sectors across the globe. Until…
Nanoco Group appoints Dmitry Shashkov as Chief Executive Officer
LONDON: Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from its technology platform, announced the appointment of Dmitry Shashkov as Chief Executive Officer with immediate effect. Dmitry will succeed Brian Tenner who, as announced on 25 July 2024, will step down…
Mercedes-Benz launches Europe’s first integrated battery recycling plant in Germany
LONDON: Neometals Ltd, a sustainable process technology developer, announced that Mercedes-Benz has officially inaugurated its lithium-ion battery recycling plant in Kuppenheim, Germany. The plant uses technology developed by Primobius GmbH, a 50:50 joint venture between Neometals and SMS group GmbH. Primobius has designed and is installing a 2,500-tonne per annum integrated recycling plant, chosen by…
HSBC Holdings restructured into four separate businesses
LONDON: HSBC Holdings plc is simplifying its organisational structure into four businesses to accelerate delivery against its strategic priorities. HSBC Group Chief Executive Officer, Georges Elhedery, commented: “The changes that we are announcing today will make it easier for our colleagues to serve our customers and drive the future success of the Group. The new…
Avacta and Tempus Enter Strategic Collaboration to Advance AI-Driven Drug Development in Oncology
LONDON: Avacta Therapeutics (AIM: AVCT), a life sciences company developing next generation peptide drug conjugates (PDC) targeting powerful anti-tumor payloads directly to the tumor, today announces the initiation of an artificial intelligence (AI)-focused collaboration with Tempus AI, Inc. (Nasdaq: TEM), a technology company leading the adoption of artificial intelligence to advance precision medicine and patient care….
Zinc Media to sell Zinc Communicate Publishing
LONDON: Zinc Media Group has entered into an agreement to sell its remaining legacy tele-sales contract publishing business, currently trading as Zinc Communicate Publishing for a cash consideration of £100,000. Zinc Communicate Publishing is a non-core business unit based in Macclesfield and the sale enables the Group to focus on growing its core operations within…
PureTech’s Seaport Therapeutics announces an oversubscribed $225 million Series B financing round
LONDON: PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) noted that its founded entity, Seaport Therapeutics, a biopharmaceutical company that is advancing novel neuropsychiatric medicines with a proven strategy and team, today announced the closing of an oversubscribed $225 million Series B financing round. The syndicate was led by General Atlantic, a leading global growth investor,…
Ocean Wilsons to sell 56.47% stake in Wilson Sons S.A. to SAS Shipping Agencies Services
LONDON: Ocean Wilsons has announced that its wholly-owned subsidiary, OW Overseas (Investments) Limited (OWOIL), has agreed to sell its 56.47% stake in Wilson Sons S.A. to SAS Shipping Agencies Services Sàrl (SAS), a subsidiary of MSC Mediterranean Shipping Company SA (MSC). The sale is valued at R$4.352 billion, equivalent to R$17.50 per share. The transaction…
XLMedia to sell its North America Business to Sportradar AG for upto $30 million
LONDON: XLMedia (AIM: XLM), a sports digital media company, has announced a conditional asset purchase agreement (APA) to sell certain assets of its North America Business to Sportradar AG. The deal, valued at up to $30 million, includes $20 million payable upon completion and an additional $10 million contingent on performance by April 2025. Marcus…
Elixirr International has acquired Hypothesis Group for $45 million
LONDON: Elixirr International plc (AIM: ELIX) announced the acquisition by its US subsidiary, Elixirr Inc. of all of the issued and outstanding membership interests of Hypothesis Group LLC for a maximum consideration payable of US$45.0 million. The Board is also pleased to update its guidance for the financial year ending 31 December 2024 (“FY24”) to…
FirstGroup has acquired Anderson Travel, a central London based coach company
LONDON: FirstGroup plc has acquired Anderson Travel, a central London based coach company comprising three trading entities, Anderson Travel Limited, Anderson Tours Limited and London Mini Coaches Limited. Anderson Travel currently operates c.40 coaches of varying sizes in and around London from a depot near Tower Bridge in central London and a new, smaller depot…
TZ Limited to acquire proptech company, Keyvision Holdings
SYDNEY: TZ Limited has entered into a Heads of Agreement to acquire proptech company, Keyvision Holdings Pty Ltd. TZ Chairman Peter Graham said: “TZ is delighted to announce its entry into the Heads of Agreement to acquire Keyvision. Their platform apps to Residential; Retail; Aged Care and Planned Communities are first class. Smart Lockers are integral to these…