OLDWICK: Based on its very strong balance sheet and appropriate enterprise risk management, global insurance sector rating agency, AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Next Insurance US Company, headquartered in Palo Alto, CA. The outlook assigned to these Credit Ratings…
iSIGN Media terminates its CEO Dave Rodgerson
TORONTO: iSIGN Media Solutions, a leading provider of interactive mobile proximity marketing and public security alert solutions announced that the Company has terminated its contract with Mr. Dave Rodgerson as Chief Executive Officer and as a Director the Company effective September 3, 2021. iSIGN, a Canadian company based in Toronto (Richmond Hill), Ontario is a…
Arqit Quantum announce business combination with Centricus Acquisition
NEW YORK: Arqit Quantum Inc. announced the completion of its business combination with Centricus Acquisition Corp., a special purpose acquisition company. The business combination was approved at the extraordinary general meeting of Centricus’ shareholders on August 31, 2021 and closed today, September 3, 2021. The combined company will retain the name Arqit Quantum Inc. Beginning…
Stuart Bodden appointed CEO of Ranger Energy Services
HOUSTON: Ranger Energy Services announced that Stuart Bodden has been named as President and Chief Executive Officer (CEO), effective September 1, 2021. Stuart has also been appointed to the board of directors. Bill Austin, stated, “I am pleased that Stuart will be joining Ranger. He brings a deep knowledge of the oil service business and…
Charles to be succeeded by Barbara Jeremiah as Weir Group Chair
LONDON, UK: The Weir Group announced that Charles Berry will retire as Chairman following the 2022 Annual General Meeting (AGM), having completed his full nine-year term with the Board. The Board announced the appointment of Barbara Jeremiah as Chair-Designate, with immediate effect. Barbara will succeed Charles as Chair at the conclusion of the Company’s AGM,…
Nornickel to negotiate settlement agreement with fishery agency
MOSCOW: Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, has agreed with Russia’s Federal Agency for Fishery (or Rosrybolovstvo) to negotiate a potential settlement agreement in kind of the claim filed by the Agency against a subsidiary of the Company. On petitions of the parties,…
Mercia Asset Management invests into Locate Bio
LONDON, UK: Mercia Asset Management announced a significant syndicated investment into existing direct investment portfolio company Locate Bio Limited, a Nottingham-based business developing a range of orthobiologics. This investment into Locate Bio consists of a syndicated £10.0million Series A round in which Mercia has made a direct investment of £1.6million, alongside £4.0million from Mercia’s third…
Etalon Group announces partnership with online marketplace Ozon
MOSCOW, RUSSIA: Etalon Group, one of Russia’s largest and longest-established development and construction companies, announced the signing of a cooperation agreement with Russia’s leading online marketplace Ozon. As part of the long-term partnership agreement, the companies plan to carry out joint projects that combine the products and possibilities of real estate development and e-commerce. One…
Petrofac secures Libya EPCC contract
LONDON, UK: Petrofac Limited has secured a contract valued at over US$100 million with Zallaf Libya Oil & Gas Exploration and Production Company, to deliver their Erawin Field Development Project Phase 1 Early Production Facilities. The Engineering, Procurement, Construction and Commissioning (EPCC) scope of work encompasses surface equipment, including well pads and flowlines at the…
LondonMetric sells grocery asset in Liverpool for £10.2 million
LONDON, UK: LondonMetric Property has sold a grocery asset in Liverpool for £10.2 million, reflecting a NIY of 4.65%, a news release said. The 29,000 sq ft asset was acquired in 2014 for £8.1 million and is let to M&S and Aldi. It generates a rent of £0.5 million p.a. and has a WAULT of…
Eight Capital Partners launches €25mn 4.8% listed bonds
LONDON, UK: Eight Capital Partners announced the launch of €25 million 4.8% Fixed Rate Five-Year Bonds, which are to be listed on the Vienna Stock Exchange. Eight Capital Partners is seeking to expand its balance sheet by raising new equity capital and the issue of other securities by the company in stages, in the short-term….
Hynion and Hyrex to cooperate on hydrogen stations for leisure boats
OSLO, NORWAY: Hynion AS and Hyrex AS will cooperate to expand hydrogen filling stations for leisure boats, a news release said. Hyrex has developed HyCruiser 28, a day cruiser with a hydrogen-electric powertrain. “As Hynion now builds a network of hydrogen filling stations in Norway and Sweden, we see exciting opportunities in ports as well….