LONDON: Bigblu Broadband plc (AIM: BBB.L) has announced plans to sell its Australian subsidiary, SkyMesh Pty Ltd, to SKM Telecommunication Services Pty Ltd, a new company set up by Salter Brothers Asset Management. The deal, known as the “Disposal,” is valued at up to AUD$50.20 million (£25.67 million). Deal Details – Initial Payment: 59.8% of…
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Tavistock’s Strategic Shift: £22 million sale to Saltus and ABP acquisition
LONDON: Tavistock Investments has successfully received £22.0 million from the sale of its network of self-employed registered individuals to The Saltus Partnership Holdings LLP. This deal, announced in October 2024, completes Tavistock’s plan to reduce its network of third-party firms and boosts its capital for growth. This sale marks the start of a new phase…
Airbus and TotalEnergies join forces to decarbonize aviation with sustainable fuels
PARIS, FRANCE: Airbus and TotalEnergies have announced a strategic partnership to develop and supply sustainable aviation fuels (SAF) for the aviation industry. The partnership aims to help achieve net carbon neutrality of aviation by 2050, by reducing CO2 emissions up to 90% compared to fossil fuels, a financial news announcement noted. The partnership will focus…
Technology One reports record results and optimistic outlook
SYDNEY, AUSTRALIA: Technology One Ltd (ASX: TNE), a leading provider of enterprise software solutions, today conducted its Annual General Meeting and announced its financial results for the fiscal year 2023. The company achieved a total annual recurring revenue (ARR) growth of 23%, reaching a record $392.9 million. Its profit before tax (PBT) also increased by…
Horizon Minerals and Greenstone Resources announce merger to create a gold mining powerhouse
SYDNEY, AUSTRALIA: Horizon Minerals Limited (ASX: HRZ) and Greenstone Resources Limited (ASX: GSR) have announced a merger that will create a gold mining powerhouse in the Western Australian Goldfields, a financial news announcement noted. The merger will be conducted by way of schemes of arrangement, whereby Horizon will acquire 100% of the fully paid ordinary…
Marlowe Plc acquires Black & Banton Occupational and Physical Health Limited
LONDON: Marlowe plc, the specialist services group focused on developing companies which assure safety and regulatory compliance, has acquired Black & Banton Occupational and Physical Health Limited for an initial consideration of £1.1 million, a financial news release noted. Black & Banton, established in 2001, is headquartered in Gateshead, Tyne and Wear, and provides occupational…