LONDON, UK: Stenprop announced that, effective today, it has changed its name from Stenprop Limited to Industrials REIT Limited, in order to align the corporate identity with its “Industrials” operating brand and its investment strategy. The name change was approved by shareholders at the Company’s annual general meeting on 10 September 2021. As a result…
Spud of Egyptian vulture exploration well
LONDON, UK: Longboat Energy, the emerging full-cycle North Sea E&P company with a portfolio of significant, near-term, low-risk exploration assets, announced the commencement of drilling operations on the Egyptian Vulture exploration well. The drilling of the Egyptian Vulture prospect is being undertaken by the West Hercules semi-submersible drilling rig. The Egyptian Vulture well is targeting…
JTC acquires Ballybunion Capital Limited
LONDON, UK: JTC Plc, the global professional services business, has acquired Ballybunion Capital Limited, a boutique asset manager based in Ireland. The initial consideration will be settled in cash and JTC equity. A further deferred consideration is available on the achievement of performance targets in the current year. Background to Ballybunion Financial Founded in 2009,…
Laura Carstensen to step down as Chair of Appreciate Group
LONDON, UK: Appreciate Group, the UK’s leading multi-retailer redemption product provider to corporate and consumer markets, announced that Laura Carstensen has informed the Board of her intention to step down as Chairman as part of the Board’s succession plan. The Board will imminently commence a search process to appoint a successor and enable an orderly…
AstraZeneca plans $360 million Irish manufacturing investment
LONDON, UK: AstraZeneca is planning on establishing a next-generation active pharmaceutical ingredient (API) manufacturing facility for small molecules near Dublin, Ireland to ensure the Company’s global supply network is fit for future growth, a bourse filing said. The new plant will allow for late-stage development and early commercial supply, adopting state of the art process…
AM Best affirms ratings of Mutual Insurance of Arizona
PHOENIX: Mutual Insurance Company of Arizona (MICA) announced that AM Best affirmed its Financial Strength Rating (FSR) of A (Excellent) with a stable outlook. AM Best also affirmed the FSR rating of the MICA Risk Retention Group, Inc. as A (Excellent), also with a stable outlook. “As a mutual insurance company, MICA is committed to…
British Gas agrees to take on People’s Energy customers
LONDON, UK: British Gas has agreed to take on the customers of People’s Energy and will ensure that they continue to receive an uninterrupted supply of gas and electricity after the supplier ceased trading on 14 September 2021. People’s Energy serves around 350,000 domestic customers and around 500 business customers. This switchover is part of…
Action to connect 3.4 billion to internet through smartphones by 2030
A major new initiative has been launched by Vodafone Group Plc and ITU, the United Nations’ specialised agency for information and communication technologies, to address the global digital divide, with the aim that an additional 3.4 billion people could have the ability to access and use the internet through a smartphone by 2030. With mobile…
Huawei to invest $15mn in Middle East
DUBAI, UAE: Huawei plans to invest $15 million over the next three years in a newly unveiled HUAWEI CLOUD Oasis Program aimed at accelerating the development of technology enterprises and ecosystems in the Middle East. The HUAWEI CLOUD Oasis Program was launched during the second edition of the HUAWEI CLOUD Summit held virtually this year…
Mirriad signs partnership with Influential, influencer marketing company
LONDON, UK: Mirriad Advertising, the leading in-content advertising company, has announced a strategic partnership with Influential, the world’s largest influencer marketing company. Representing a significant opportunity, the agreement will expand the range of inventory Mirriad can access in the fast-growing and extensive influencer marketing sector. It also underlines the increasing speed of the company’s development…
Agronomics leads leather producer VitroLabs Series A Funding round
LONDON, UK: Agronomics has led portfolio company VitroLabs Inc’s Series A funding round with a 7.0 million investment. The Subscription is part of a funding round being undertaken by VitroLabs with the proceeds being used to build and scale the world’s first pilot production facility of cultivated leather. Agronomics previously invested 3.5 million in VitroLabs…
IDEX selected for digital currency solution from Union Smart
OSLO, NORWAY: IDEX Biometrics informed that the Union Smart Card of China is utilizing the company’s fingerprint authentication solution to secure the Cold Wallet Visual Payment Card. Union Smart has developed this “cold wallet” card solution in collaboration with six major banks for use in implementation of China’s Digital Currency/Electronic Payment (DC/EP) initiative. IDEX Biometrics…