MTI Wireless Edge pursues continued expansion into the Chinese market

LONDON: Mottech Water Solutions Ltd, a provider of wireless irrigation control solutions, has signed an agreement to acquire its joint venture partner's 40% holding in a joint venture it established…

NNR May 21, 2020

Australian Exchange

CDC Data Centres to develop two world-class data centres in New Zealand

WELLINGTON: Infratil Limited announced that CDC Data Centres ("CDC") is expanding into New Zealand. CDC is a state of the art Data Centre colocation provider delivering world class enterprise facilities…

NNR May 21, 2020

London Exchange

Stobart Group Limited sells Eddie Stobart and Stobart brands

LONDON: Stobart Group, the aviation and energy group, announced that its wholly owned subsidiary Stobart Group Brands LLP has sold the Eddie Stobart and Stobart trademarks and designs to Eddie…

NNR May 21, 2020

Wire

Samsung Galaxy S20+ is top 5G smartphone model in US in Q1 2020

BOSTON: According to the latest research from Strategy Analytics, Samsung Galaxy S20+ 5G was the bestselling 5G smartphone model in the United States in the first quarter of 2020, capturing…

NNR May 21, 2020

Australian Exchange

Cromwell closes sale of 50% of 475 Victoria Avenue, Chatswood

BRISBANE: Real estate investor and manager, Cromwell Property Group, has today the sale of a 50% stake in 475 Victoria Avenue, Chatswood to a private fund managed by BlackRock for…

NNR May 21, 2020

London Exchange

IP Group sells 12.25m shares in Ceres Power

The net proceeds from the sale of approximately £51 million bring the Group's total cash realisations for the year to date to more than £110 million (full year 2019: £79.5…

NNR May 21, 2020

London Exchange

Etalon Group delivers Shchastye v Kuskovo project

MOSCOW: Etalon Group Plc, one of Russia's largest and longest-established development and construction companies, announced the delivery of the Shchastye v Kuskovo project, located in the Eastern administrative district of…

NNR May 21, 2020

Ratings

AM Best revises outlook to negative on Colombia’s insurance industry

MEXICO CITY: AM Best has revised its market segment outlook to negative from stable on Colombia’s insurance industry, owing mainly to the COVID-19 pandemic and the resulting economic damage, which…

NNR May 20, 2020

Ratings

U.S. insurers continue to reduce hedge fund exposures

NEW YORK: For a fourth straight year, the U.S. insurance industry reduced its hedge fund investments, by $2.6 billion in 2019 to $11.9 billion, with the property/casualty segment reporting a…

NNR May 20, 2020

Oslo Bourse

Andreas Birgersson, Per Nisses and Philip Söderqvist launch real estate investment company with ABG Sundal Collier

OSLO: ABG Sundal Collier (ABGSC), Andreas Birgersson, Per Nisses and Philip Söderqvist have formed a real estate investment company in a joint venture. The company is called ABG Fastena and…

NNR May 20, 2020

Oslo Bourse

David B. Cook becomes new CEO of Noreco

OSLO: The Board of Norwegian Energy Company ASA (Noreco) announced the appointment of David B. Cook as the new Chief Executive Officer of Noreco with effect from 1 July 2020.…

NNR May 20, 2020

Wire

Shell Pakistan’s quarter results impacted during pandemic

ISLAMABAD: The Board of Directors of Shell Pakistan Limited (‘SPL’) announced the first quarter results for the company on 20th May. The company posted an after tax loss of PKR…

NNR May 20, 2020