LONDON: Royal Dutch Shell has announced the commencement of trading in the next tranche of its share buyback programme previously announced on July 26, 2018. In the next tranche, the company has entered into an irrevocable, non-discretionary arrangement with a broker to enable the purchase of A ordinary shares and/or B ordinary shares for a…
Category: Australian Exchange
Australian Securities Exchange news today and company announcements regarding mergers, acquisitions, appointments, expansion and technology of companies listed on Australian Securities Exchange (ASX).
LSEG acquires Refinitiv for $27bn to become largest global FMI provider
LONDON: London Stock Exchange Group plc (LSEG) has agreed definitive terms with a consortium including certain investment funds affiliated with Blackstone as well as Thomson Reuters to acquire the Refinitiv business in an all share transaction for a total enterprise value of approximately US$27 billion. Blackstone’s consortium includes an affiliate of Canada Pension Plan Investment…
Dubai Investments reports 17% increase in second quarter profits
DUBAI: Dubai Investments PJSC, the leading diversified investment company listed on the Dubai Financial Market, reported profit of AED 151 million for the second quarter ended June 30, 2019, an increase of 17% compared to the same period last year. In his comments, Khalid Bin Kalban, Managing Director and CEO of Dubai Investments, said: “Dubai…
Al Ramz posts 3.5% profit growth in the quarter
DUBAI: Al Ramz Corporation Investment and Development (Al Ramz) reported net profit of AED 12.6 million for the second quarter of 2019 ended June 30, 2019 compared to net profit of AED 12.2 million for corresponding period of 2018 representing an increase of 3.5%; net profit was AED 177 thousand for the first half of…
SGX reports 8% growth in FY2019 net profit to S$391 million
SINGAPORE: Singapore Exchange (SGX) reported FY2019 net profit of S$391.1 million up 8%, its highest net profit in 11 years. Revenues were also the highest since listing at S$909.8 million. Operating profit increased to S$461.0 million from S$424.9 million same period last year, with earnings per share at 36.5 cents against 33.9 cents same period…
Ricardo Plc completes acquisition of PLC Consulting
LONDON: Ricardo plc, a global engineering, technical, strategic and environmental consultancy business, announced that further to the statement on 1st July 2019, it has completed the acquisition of the entire share capital of PLC Consulting Pty Ltd for a total maximum cash consideration of AUD 9.64 million, subject to any adjustment to reflect net cash…
Harwood Wealth Management to acquire Goldwyns Wealth Management
LONDON: Harwood Wealth Management Group, a leading UK based financial planning and discretionary wealth management business, has exchanged contracts to purchase Goldwyns Wealth Management Limited, based in Southend on Sea, and the trade and assets of Andrew Routley Pension Limited, based in Portsmouth; both are established financial advisory firms. The purchase price for Goldwyns is…
Liontrust to acquire Neptune Investment Management
LONDON: Liontrust Asset Management Plc, the specialist independent fund management group, has entered into a conditional share purchase agreement with the significant shareholders of Neptune Investment Management Limited to purchase the entire issued share capital of Neptune Investment Management Limited for a total consideration of up to £40 million. The proposed acquisition includes the highly…
Hamish Paton appointed CEO of Amigo Holdings
LONDON: Amigo Holdings PLC, the leading provider of guarantor loans in the UK, confirms Hamish Paton has been appointed as CEO and executive director of the Company with immediate effect, following FCA authorisation. Following the above change the total number of Directors will consist of four independent Non-Executive Directors, including the Chairman and two as…
Rakuten to establish company for banking operations in the United States
TOKYO, JAPAN: Rakuten Card Co., a wholly owned subsidiary of Rakuten Inc. has resolved to establish a company titled Rakuten Bank America to commence a banking operation in the United States, with an investment of USD 400 million. Rakuten Bank America would undertake credit card issuing and acquiring, personal loans, business loans and deposits. Since…
Vedanta fully unwinds the Cairn India Holdings structured investment with $100 million gains
MUMBAI, INDIA: Cairn India Holdings Limited (CIHL), an overseas subsidiary of Vedanta Limited, and Volcan Investments Limited have agreed to unwind entirely the structured investment entered between them in December 2018 ahead of the originally envisaged schedule. With this, Volcan Investments will exercise the early exchange option available to it on 26 July 2019 and…
SoftBank Group plans SoftBank Vision Fund 2
SINGAPORE: SoftBank Group Corp. (SBG) has planned establishment of “SoftBank Vision Fund 2”, a new private investment fund. The objective of the Fund is to facilitate the continued acceleration of the Artificial Intelligence (AI) revolution through investment in market-leading, tech-enabled growth companies. The total expected contribution of capital to the Fund has reached approximately USD…