Precious metals have been around for centuries and have been used as a form of currency, jewelry, and other decorative items. Over time, they have become a more popular investment option because they are seen as a safe-haven asset. This means that they tend to hold their value during times of economic instability or market…
Oil and Gas discovery in the Barents Sea
OSLO, NORWAY: Vår Energi confirms discovery of oil and gas in the Equinor operated Skavl Stø exploration well in the Johan Castberg area. The primary exploration target for the 7220/8-3 Skavl Stø well was to prove hydrocarbons in the Stø Formation of the Realgrunnen SubGroup. The well encountered a hydrocarbon column of 46 meters with…
Satago partnership with Sage and Lloyds
LONDON, UK: Satago, a leading provider of invoice financing and Lending as a Service software solutions, has signed a LOI to enter into a three-way partnership with Sage and Lloyds Bank. The partnership will formalise plans to create an embedded finance solution within Sage, the leader in accounting, financial, HR and payroll technology for small…
Mitie Group signs deal to acquire Custom Solar Ltd
LONDON, UK: Mitie Group plc has entered into a sale and purchase agreement (‘SPA’) to acquire the entire issued share capital of Custom Solar Ltd, a solar power solutions company specialising in the development, design, installation and maintenance of solar power systems for public and private sector clients. Custom Solar’s design and installation expertise, combined…
Senior plc agrees to acquire Spencer Aerospace Manufacturing for £48mn
LONDON, UK: Senior plc has signed a definitive agreement to acquire substantially all of the assets of Spencer Aerospace Manufacturing, LLC, a leading manufacturer of highly engineered, high-pressure hydraulic fluid fittings for use in commercial and military aerospace applications. Senior has agreed to pay £48m ($60m) for Spencer Aerospace, comprising an initial consideration of £24m…
IOUpay Asia goes live with Shopify e-commerce platform
SYDNEY, AUSTRALIA: IOUpay Asia has today made its myIOU BNPL offering available to Malaysian merchants operating on the payments platform of Shopify Commerce Singapore PTE LTD (“Shopify”), making myIOU available to consumers transacting through those merchants. Shopify is a subsidiary of Shopify Inc. a Canadian multinational e-commerce company listed on the Toronto Stock Exchange and…
Genesis Energy CEO Marc England to leave the company
SYDNEY, AUSTRALIA: The Board of Genesis Energy (NZX: GNE) confirms that it has agreed a departure date of 14 October 2022 with CEO, Marc England, subsequent to him informing us two weeks ago of his intent to leave the company later in the year. Marc joined Genesis as Chief Executive Officer in 2016. He has…
Pioneer Credit enters five year ‘forward flow’ agreement with CBA
SYDNEY, AUSTRALIA: Pioneer Credit Limited (ASX: PNC) has entered into a five year agreement with the Commonwealth Bank of Australia (‘CBA’) to acquire debt portfolios. The agreement is expected to require an annual investment of up to $35 million and will be funded from cash flow. Managing Director, Keith John noted that Pioneer has worked…
6 Finance Management Tips For Small Business Owners
As a small business owner, you know that managing your finances is essential to your success. If you’re not careful, you could struggle with cash flow or find yourself in debt. That’s why it’s important to develop good money management habits from the start. In this article, we’ll discuss 6 tips that will help you…
Hg and TA Associates make further investment in The Access Group
LONDON, UK: The Access Group, a leading provider of business management software to mid-market organisations in the UK, Ireland and Asia Pacific, announced further investment from its shareholders, Hg and TA Associates, with an associated enterprise value of £9.2 billion, believed to make it one of the largest UK headquartered software providers. Access has grown…
Ørsted enters Spanish onshore renewables market
COPENHAGEN, DENMARK: Ørsted has entered four partnerships to pursue early-stage solar and onshore wind projects in the upcoming grid auctions in Spain and announces multi-GW ambitions in the market long-term. To support its Spanish ambitions, the company has established a team and office in Madrid. In 2021, Ørsted entered the European onshore market by acquiring…
Elektros secures fleet from Tesla to launch all-electric vehicle rental car division
SUNNY ISLES BEACH: Elektros Inc. has started the purchase order process for several electric vehicles from Tesla Inc. to launch the company’s heavily anticipated all-electric vehicle rental car division. This purchase order will include multiple Tesla models which are expected to deliver in October of this year. With the current demand for vehicles at all-time…