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Informa divesting Pharma Intelligence Business to Warburg for £1.9bn
LONDON, UK: Informa Plc (LSE: INF.L) has agreed to divest Pharma Intelligence, the largest business within its Informa Intelligence division, to Warburg Pincus for £1.9bn, while separately commencing a share buyback. Informa Plc, the international B2B Markets, Knowledge Services and Business Intelligence Group today announced two significant steps in its 2021-2024 Growth Acceleration Plan II…
U.S. equities close higher led by tech and telecom sectors
U.S. equities were higher at the close on Wednesday, as gains in the Technology, Basic Materials and Telecoms sectors propelled shares higher. At the close in NYSE, the Dow Jones Industrial Average rose 0.86%, while the S&P 500 index added 1.45%, and the NASDAQ Composite index added 2.08%. The biggest gainers of the session on…
Airobot shares commence trading on Nasdaq Baltic
VILNIUS, LITHUANIA: Nasdaq (NDAQ) announces that the Airobot shares, an Estonian air technology company, have been admitted to trading on Nasdaq Baltic First North Market by Nasdaq Tallinn as of today, February 10. The admittance to trading of Airobot shares follows the initial public offering of the company. The total demand for the shares was…
Rolls-Royce completes £189mn sale of stake in Airtanker Holdings
LONDON, UK: Rolls-Royce (LSE:RR.) announced the completion of the sale of our 23.1% shareholding in AirTanker Holdings Limited to Equitix Investment Management Limited for cash proceeds of £189m.The completion of the transaction, which was announced on 13 September 2021, follows clearance from the relevant regulatory authorities. Proceeds from the transaction will be used to help…
Victoria Plc completes the acquisition of Graniser
LONDON, UK: Victoria Plc (LSE: VCP) has completed the acquisition of B3 Ceramics Danismanlik (Graniser), a bourse filing said. Victoria Plc is the international designers, manufacturers and distributors of innovative flooring. On 10 November 2021, Victoria announced that it had entered into an acquisition agreement to acquire Graniser for a total consideration to be paid…
LendingCrowd raises £100m to support SME growth and recovery
EDINBURGH, UK: LendingCrowd, the fintech SME lending platform, has closed a funding deal with Barclays Bank and a large global investment firm to support SMEs across Britain as they recover from the coronavirus pandemic and return to growth, a bourse filing said. The funding will be delivered via the British Business Bank’s Recovery Loan Scheme…
Many More Games Coming to Nintendo Switch in 2022
The future for Nintendo Switch players in 2022 and beyond holds so many possibilities! In the latest Nintendo Direct video presentation, Nintendo announced a diverse lineup of new games and content arriving for the Nintendo Switch system throughout this year. Nintendo also shared new details about previously announced games, including when players will be able to get…
Toragen Inc. appoints Dr. Sandra Coufal as CEO
SAN DIEGO: Toragen Inc., a biotechnology company, announced that Dr. Sandra Coufal, M.D. will join Toragen as its new CEO. Dr. Coufal brings over 30 years of experience to Toragen as a physician and serial entrepreneur working with multiple successful companies in medicine, chemistry, biotechnology, material sciences, and digital technology. Most recently, Dr. Coufal co-founded…
Renault, Valeo & Siemens to develop new-generation automotive electric motor
PARIS, FRANCE: Renault Group, Valeo and Valeo Siemens eAutomotive have signed a memorandum of understanding to form a strategic partnership for the design, co-development and manufacture in France of a new-generation automotive electric motor, eliminating the use of rare earths. The three partners will combine their know-how and recognized expertise to design a unique electric…
Orcoda appoints Samuel Yue as new Chief Financial Officer
SYDNEY, AUSTRALIA: Orcoda Limited (ASX: ODA), the leading provider of smart technology solutions to optimise transport logistics and transport infrastructure services, announced the appointment of Samuel Yue (Sam) as the Company’s Chief Financial Officer (CFO) effective 21st February 2022. As CFO, Sam will be responsible for financial and commercial management, while being an integral member…
Visa appoints Jennifer Como as Head of Investor Relations
SAN FRANCISCO: Visa Inc. (NYSE: V) announced the appointment of Jennifer Como as Head of Investor Relations. Jennifer Como succeeds Mike Milotich who will depart Visa later this month to become chief financial officer of a publicly traded company. Ms. Como currently serves as the senior vice president of investor relations at Visa. She joined…