LONDON: Brand Architekts, a challenger British Beauty brand business, has successfully launched its own marketplace, www.theunexpektedstore.com, a unique e-commerce beauty proposition, supported by THG Ingenuity. The Group has entered into a five-year agreement with THG Ingenuity, reflecting the belief in the long-term opportunities of the marketplace. In line with its stated strategy, the Group will…
Palace Capital disposal of holding in Circle Property
LONDON: Palace Capital, the Main Market listed property investment company that has a diversified portfolio of UK commercial real estate in carefully selected locations outside of London but focusing on the office and industrial sectors, announces that it has disposed of its entire shareholding in Circle Property Plc. 1,592,500 shares were sold at a price…
Peabody and Catalyst confirm merger to take place next spring
LONDON, UK: Peabody Capital and Catalyst have confirmed their intention to join together following a 6-week consultation period. Both Boards carefully considered feedback from residents and have now agreed that Catalyst will join the Peabody Group as a subsidiary on 1 April 2022 subject to required lender consents and Catalyst shareholder approval. The new organisation…
Supermarket Income REIT plans £100 million sale of new shares
LONDON, UK: The Board of Directors of Supermarket Income REIT plc, the real estate investment trust providing secure, inflation-linked, long income from grocery property in the UK, announces its intention to raise approximately £100 million by way of a placing and an offer for subscription at an issue price of 115 pence per New Ordinary Share. The £100 million target…
Anexo increases in debt facilities to fund growth
LONDON, UK: Anexo Group has increased debt facilities following discussions with its two major lenders to fund growth in its credit hire and legal services divisions. In total these facilities will provide additional financing of £16.0 million across the year. Credit Hire Division Direct Accident Management Limited (DAMS) and Professional and Legal Services Limited (PALS),…
Norish to sell its cold storage division to Nichirei for £65.7mn
LONDON, UK: Norish plc has signed a conditional agreement for the sale of its cold storage division to Nichirei Holding Holland B.V, a wholly owned subsidiary of Nichirei Logistics Group Inc. for a consideration of £65.706 million, a bourse filing said. Following the settlement of indebtedness and the operation of a completion accounts mechanism in…
Mirriad launches new CPM pricing model
LONDON, UK: Mirriad, the leading in-content advertising company, announced the launch of a new cost-per-thousand (CPM) pricing model delivered in partnership with Tencent in China. This is important next step in the Company’s renewed partnership with Tencent Video, a leader in China’s video streaming market, was noted in the Company’s recent interim results. It will…
SBI Group, Sygnum, and Azimut launch a $75mn venture capital fund
ZURICH: SBI Group, Sygnum and Azimut Group announced today the launch of a venture capital fund of up to USD 75 million based in Singapore, which will invest in start-up companies in the digital asset sector. This new fund, incorporated as a Variable Capital Company, brings together the collective digital assets experience and leadership of…
Deborah Kerr to join Vodafone’s Board
LONDON, UK: Vodafone Group announced that Deborah Kerr will be appointed as a non-executive director with effect from 1 March 2022. Deborah Kerr is a growth-oriented technology executive with a track record of successfully transforming global enterprise software and service companies across various industries. She has held board and executive leadership roles with both private…
Softline plans $400 million IPO on London Stock Exchange
LONDON, UK: Softline Holding is considering proceeding with a potential initial public offering (IPO) of global depositary receipts (GDRs) representing its ordinary shares on the London Stock Exchange. The Company is considering applying for admission of the GDRs to the standard listing segment of the Official List of the FCA and to trading on the…
Horisont Energi seeks project financing of Barents Blue ammonia plant
SANDNES, NORWAY: Horisont Energi is in discussions with a number of infrastructure investors regarding project financing of the company’s share of the Barents Blue ammonia plant in Hammerfest, Norway. The process with the infrastructure investors started in the summer of 2020. After signing confidentiality agreements with Horisont Energi, the invited investors were presented to the…
KONGSBERG signs contract to deliver F-35 parts
OSLO, NORWAY: Kongsberg Aviation Maintenance Services AS (KAMS), a subsidiary of Kongsberg Defence & Aerospace, has signed agreements with Lockheed Martin Aeronautics worth 122 million NOK to supply parts for the F-35 Lightning II program. The agreement with Lockheed Martin includes assembly and production of horizontal and vertical tails for more than 50 F-35 aircraft…