LONDON: Pensana PLC (LSE: PRE) announced Thursday it has signed a non-binding memorandum of understanding with Japan’s Toyota Tsusho Corporation for a rare earth offtake agreement, marking a key step in establishing a new sustainable supply chain. Under the proposed terms, Toyota Tsusho could purchase up to 20,000 metric tons per year of ultra-clean mixed…
UK’s CPH2 signs green hydrogen deal with Ireland’s constant energy
KILLALA: British green hydrogen firm CPH2 has entered a non-binding agreement with Irish energy developer Constant Energy Ltd to deploy its membrane-free electrolyser technology at a planned hydrogen hub in County Mayo, Ireland. The memorandum of understanding (MOU) follows planning approval for Constant Energy’s Killala Energy Hub, which will integrate wind and solar power to…
TotalEnergies acquires 25% stake in U.S. offshore exploration leases from Chevron
HOUSTON: TotalEnergies SE has agreed to acquire a 25% working interest in a portfolio of 40 offshore exploration leases from Chevron Corp. in the U.S. Gulf of Mexico, the company announced Monday. The leases, located on the Outer Continental Shelf, cover approximately 1,000 square kilometers (386 square miles) and are situated 175 to 330 kilometers…
Hunter Point Capital acquires 16.1% stake in Equitix in £1.3 billion deal
LONDON: Tetragon Financial Group Limited today announced that Hunter Point Capital (HPC), an independent investment firm providing capital solutions and strategic support to alternative asset managers, has agreed to acquire a minority stake in Equitix, a leading international investor, developer and fund manager in infrastructure. HPC is acquiring a 16.1% stake in the business at…
Valereum invests €1.7 million in fintech firm Fideum Group
LONDON: Valereum Plc (AQSE: VLRM) announced Tuesday a €1.7 million strategic investment in Fideum Group Limited, a blockchain-based fintech company, in exchange for a minority stake. The investment, payable in cash, bitcoin or stablecoin, will be completed in multiple tranches, with the first expected by the end of June 2025 and full completion targeted by…
Dow Jones Industrial Average plummets over 1,000 points as Middle East tensions roil markets
NEW YORK: The Dow Jones Industrial Average (DJIA) suffered its worst single-day drop in months Friday, plunging more than 1,000 points as escalating Middle East tensions sent shockwaves through global markets. According to reports, the sell-off at Dow Jones snapped a four-day winning streak and erased the week’s gains, with investors scrambling to de-risk amid…
UK unemployment hits 4-year high, wage growth holds at 5.3%: Arbuthnot Latham forecasts rate cuts
LONDON: Arbuthnot Latham, the historic British bank founded in 1833, released its latest Treasury Market Commentary on June 13, 2025, highlighting critical developments in global and domestic economies. The report covers rising UK unemployment, wage growth, central bank rate expectations, and geopolitical trade dynamics. Below is a detailed breakdown of the findings. UK Economic Indicators Show Mixed…
Global EV sales rise 24% in May, led by Chinese market growth
Global sales of electric and hybrid vehicles climbed 24% in May to 1.6 million units, driven largely by China, which accounted for one million sales both domestically and abroad, according to data from Rho Motion. The report also noted a more modest month-over-month increase of 8%. Through the first five months of the year, global EV sales…
AstraZeneca, CSPC Pharmaceuticals form AI-driven research partnership
LONDON: AstraZeneca has entered a strategic research collaboration with China-based CSPC Pharmaceuticals Group Limited to accelerate the discovery of novel oral therapies using artificial intelligence. The partnership will focus on identifying and developing pre-clinical candidates for chronic diseases, including a small-molecule oral therapy for immunological conditions. The research will leverage CSPC’s AI-powered drug discovery platform, which analyzes…
Animalcare expands Asia-Pacific presence with investment in Australian veterinary firm, InVetro
LONDON: Animalcare Group Plc (AIM: ANCR) has acquired a 25% strategic equity stake in Australian veterinary pharmaceutical company InVetro Pty Ltd for A$3 million, bolstering its presence in the Asia-Pacific market. The investment aligns with Animalcare’s expansion strategy and follows its January acquisition of Randlab. InVetro will use the funds to scale its commercial footprint, expand its…
MPE Management Co. offers to acquire Renold Plc in £186.7 million deal
LONDON: Renold PLC has agreed to a recommended cash acquisition by MPE Bid Co, a newly formed entity controlled by funds managed by MPE Management Co. The deal, valued at approximately £186.7 million on a fully diluted basis, will be conducted through a Scheme of Arrangement under Part 26 of the Companies Act 2006. Under the terms…
Dundee Precious Metals to acquire Adriatic Metals in $1.25 billion deal
LONDON: Dundee Precious Metals Inc. (DPM) has agreed to acquire Adriatic Metals Plc in a recommended cash and share deal valued at approximately $1.25 billion, the companies announced Friday. Under the terms of the transaction, Adriatic shareholders will receive 0.1590 of a new DPM share and 93 pence in cash for each Adriatic share. The offer values…