LONDON, UK: Further to the announcement of 16 July 2021, DS Smith announced the completion of the sale of the De Hoop paper mill in the Netherlands, to De Jong Packaging. The mill produces mainly heavier grades of recycled paper and the sale further aligns our internal paper production with our priorities in light-weight sustainable packaging…
Pendragon appoints Ian Filby as Non-Executive Chairman
LONDON, UK: Pendragon PLC announced the appointment of Ian Filby as non-executive chairman of Pendragon PLC. Ian’s appointment will formally commence on 01 November 2021. In addition to his duties as non-executive chairman, Ian will also chair the Company’s Nomination Committee and serve on the Company’s Remuneration Committee. Simultaneously with the commencement of Mr Filby’s…
Avingtrans makes minority investment in Adaptix
OXFORD, UK: Avingtrans Plc announced its £2.5 million participation in a £12.9 million fund raise [H1] by emerging medtech leader, Adaptix Ltd, based in Oxford, UK. Adaptix’s focus is on transforming radiology, by allowing low-cost, low-dose 3D portable imaging. It has developed a number of novel technologies and imaging approaches in relation to Digital Tomosynthesis (DT)….
Diane Savory appointed Non-executive Chairman of Versarien plc
LONDON, UK: The Board of Versarien Plc announced that James Stewart CBE will retire as Non-executive Chairman on 31 December 2021 and Diane Savory OBE DL will be appointed as the Company’s new Non-executive Chairman on 1 January 2022. As part of the transition process, Ms Savory will attend monthly Board meetings until formally taking…
Carnival Corporation names John Padgett as President of Princess Cruises
MIAMI: Carnival Corporation, the world’s largest cruise company, announced John Padgett as president of Princess Cruises, effective immediately. Serving as president of one of Carnival Corporation’s most iconic cruise line brands, Padgett will oversee all performance and operational functions of Princess Cruises and its global fleet of 14 ships sailing cruise guests to nearly 400…
Finsbury Glover Hering and Sard Verbinnen announce strategic merger
LONDON, UK: WPP Plc’s majority-owned subsidiary, Finsbury Glover Hering Corporation and Sard Verbinnen & Co have reached agreement on the terms of a merger to create the world’s leading strategic communications firm advising clients in navigating critical opportunities and challenges. The new firm will help clients achieve their missions and realise their business goals, with…
Luceco acquires DW Windsor Group for £16.9 million
LONDON, UK: Luceco plc has acquired the entire issued share capital of DW Windsor Group Limited, the exterior lighting and networking specialist, for £16.9 million on a cash and debt-free basis. Luceco is the manufacturer and distributor of high quality and innovative wiring accessories, LED lighting, and portable power products. DW Windsor Group, based in…
Cipherpoint to acquire VIT Cyber Security
SYDNEY, AUSTRALIA: Cipherpoint Limited (CPT) has entered into a binding term sheet to acquire 100% of the issued capital in cyber security services business Virtual Information Technology Pty Limited (VIT Cyber Security). VIT Cyber Security was established in 2016, by its founder Mark Hitchcock, to provide managed IT and security solutions and services to agencies…
TietoEVRY announces 5% growth and 15% adjusted EBITA targets for 2023
OSLO, NORWAY: TietoEVRY has announced expansion driven new strategy focusing on cloud-native services, data and software engineering and scalable software businesses. The technology industry is being reshaped with cloud as the foundation, providing expansion opportunities for the company. In managed application and infrastructure services, the company will seek partnerships to invest and build scale. The…
IBM Board approves separating Kyndryl
ARMONK, N.Y.: IBM announced that its board of directors has approved the previously announced separation of Kyndryl, the company’s managed infrastructure services business. To effect the separation the IBM board of directors declared a pro rata distribution to IBM stockholders of 80.1 percent of the outstanding shares of Kyndryl. Once distributed, each holder of IBM…
LME and Metalshub to develop spot trading platform for base metals
HONG KONG: The London Metal Exchange (LME) has collaborated with Metalshub, establish a transparent, efficient and liquid spot trading marketplace and platform for base metals. Metalshub is a leading digital metals trading and price intelligence platform. The jointly developed platform is in parallel with the LME’s existing derivative contracts and trading mechanisms. The spot trading platform caters specifically for…
Kingmaker Footwear resumes production at Vietnam factory
HONG KONG: Kingmaker Footwear Holdings Limited has resumed production at the group’s factory in Binh Duong Province, Vietnam. Kingmaker Footwear had earlier notified temporary production halt at the factory after the report of local COVID-19 cases. The Board advised the shareholders and potential investors of the Company that, after satisfying all reopening conditions imposed by the local…