LONDON, UK: Between March 2019 and September 2020, ESB Independent Generation Trading Limited and Carrington Power Limited regularly submitted misleading and inaccurate data to NGESO about the minimum amount of energy the Carrington power plant could supply, Ofgem market monitoring has found (1,2,3). This caused NGESO to purchase more energy from the plant than needed,…
Spectris divests NDC Technologies to Nordson for $180mn
LONDON, UK: Spectris plc announced the divestment of its NDC Technologies business. The transaction is in line with Spectris’ strategy to simplify and focus its portfolio and is the last of the divestments identified in 2019 as part of its Strategy for Profitable Growth. Subject to the completion of the disposal, the proceeds will be…
TV launch of Harlequin’s ‘Own the Room’ campaign
LONDON, UK: Sanderson Design Group announced that its Harlequin brand will use TV advertising for the consumer launch of its Own the Room campaign, which empowers consumers to choose the best designs and colours for emotional and physical well-being. The Harlequin TV adverts will begin on 1 September 2021 on Channel 4, More 4 and…
Emirates ramps up operations, boosts connectivity across its network
DUBAI, UAE: With the recent announcements of the UAE easing entry protocols for 12 countries, and the UK adding the UAE on its ‘amber list’, Emirates is actively responding to the spike in travel demand across its network to make it easier for customers to connect to Dubai and beyond through the scaling up of…
Magseis Renewables announces two new technology pilot projects
OSLO, NORWAY: Magseis Renewables AS, a wholly owned subsidiary of Magseis Fairfield ASA, announced two new technology pilot projects for carbon capture and storage (CCS) and offshore wind in collaboration with TGS. The first project will utilize high-resolution 3D seismic acquisition in Norway at a carbon storage area to demonstrate technology for extremely detailed imaging…
NZME divests ecommerce platform GrabOne to Global Marketplace
AUCKLAND, NEW ZEALAND: New Zealand Media and Entertainment (NZME) Limited announced it has reached an agreement to sell ecommerce platform GrabOne business and assets to Global Marketplace New Zealand Limited (GMP) for NZD$17.5 million. The transaction is due to be completed no later than 31 October 2021. The agreement follows NZME’s announcement in November 2020…
Lisa McIntyre appointed to Fisher & Paykel Healthcare Board
AUCKLAND, NEW ZEALAND: Fisher & Paykel Healthcare Corporation Limited advises that Lisa McIntyre, PhD, has been appointed as a non-executive director of the company with effect from 1 October 2021. “We are pleased to announce Lisa’s appointment and look forward to the insight she will bring to the Board,” said Scott St John, Board Chair….
TSX conditionally approves listing of cryptocurrency platform
NEW YORK: Voyager Digital Ltd., a publicly-traded cryptocurrency platform in the United States, has received conditional approval from the Toronto Stock Exchange (TSX) to list its common shares on the exchange. VOYG will be the new ticker symbol for trading on the TSX. Voyager Digital will voluntarily delist its common shares from the Canadian Securities…
City of London Group to raise £18.3mn to fund restructuring
LONDON, UK: City of London Group (COLG) has announced a capital raise of £11.4 million through a share subscription and a raise of up to £6.9 million through an open offer of new ordinary shares, as the company moves to establish a new UK SME bank, Recognise Bank Limited, a subsidiary of COLG. City of…
NIC at LUMS brings Stanford SEED’s SPARK program to Pakistan
LAHORE, PAKISTAN: National Incubation Center Lahore at LUMS is collaborating with Stanford University’s Graduate School of Business to launch its SPARK program for Pakistani entrepreneurs. An offering of Stanford SEED, this four-month program is for early-stage entrepreneurs in traction or growth stage and seeks to empower them with practical tools to refine and develop their…
Ethernity CLOUD announces results of recent token pre-sale
MUNICH, GERMANY: Ethernity CLOUD announced the successful completion of their token presale round. They have sold 90% of the available presale tokens in just 9 hours. The remaining 10% were sold out early the next morning. The entire presale has been sold out in full in about 25 hours. According to the team, the community…
Alternus Energy appoints Tone Bjørnov to BoD
DUBLIN, IRELAND: Alternus Energy Group announced the appointment of Tone Bjørnov as a non-Executive Board Director with immediate effect. Tone Bjørnov is a full-time portfolio non-executive chair of boards and board member. Ms. Bjørnov worked with DNB, Norway’s largest financial institution, for twenty years, primarily with large corporate clients in Oslo and London and held…