SYDNEY, AUSTRALIA: Challenger Limited announced that after 18 years with the company, Richard Howes has notified the Board of his intention to step down as Managing Director and CEO in March 2022. Mr Howes joined Challenger in 2003 and has served the business with distinction in a number of roles, including Group CEO, Chief Executive…
Nick de Blocq appointed CEO of Kinetiko Energy
SYDNEY, AUSTRALIA: Nick de Blocq has been appointed as chief executive officer (CEO) of Kinetiko Energy Limited. Nick has more than 33 years’ experience in the global oil & gas exploration and production industry with major companies such as Schlumberger, Frank’s International, SEPCO Industries and Moz Environmental. He has an extensive managerial and operational skill…
CMA requires Groupon to improve customer service
LONDON, UK: Competition and Markets Authority (CMA) is calling on Groupon to make swift changes to how it treats customers to ensure that it is complying with consumer protection law. The Competition and Markets Authority (CMA) launched an enforcement investigation into Groupon UK, an e-commerce marketplace that offers discounts and deals for a range of products and…
NAB agrees to acquire Citigroup’s Australian consumer business
LONDON, UK: National Australia Bank Limited (NAB) has entered into a Sale and Purchase Agreement with Citigroup Pty Limited to purchase Citigroup’s Australian consumer business (Citigroup Consumer Business). The proposed acquisition, which remains subject to regulatory approvals, is structured primarily as an asset and liability transfer, with NAB to pay Citigroup cash for the net…
LondonMetric Property sells its retail park in Leeds for £25.2 million
LONDON, UK: LondonMetric Property Plc has sold its retail park in Kirkstall, Leeds, for £25.2 million, to a UK institutional investor. The 120,000 sq ft Kirkstall Bridge Shopping Park was developed by LondonMetric in 2015 after acquiring the site in 2011. Following the recent re-letting of a 21,000 sq ft unit to The Range, the…
New site for The London Cocktail Club
LONDON, UK: Nightcap has entered into a lease for a new London Cocktail Club site in Corn Street, central Bristol. The site covers an area of approximately 3,500 square feet with a 2:30 am license over Thursday to Saturday. The site is expected to be open before the end of the calendar year and will…
Philip Morris International raises offer for Vectura to £1.02bn
LONDON, UK: Philip Morris International (PMI) has increased offer values the entire issued and to be issued ordinary share capital of Vectura at approximately £1.02 billion, a news release said. PMI’s business model and strategy is driven by a long term commitment to the transformation of its business and not a search for short term…
Telstra Health to acquire MedicalDirector for A$350mn
LONDON, UK: Telstra announced that Telstra Health has entered into a binding agreement to acquire leading GP clinical and practice management software company MedicalDirector for an enterprise value of A$350 million. Telstra Health Board Chair Brendon Riley said the acquisition of MedicalDirector was a key step in Telstra Health’s vision to create a connected and improved…
Directa Plus gets EU Grant Award
LONDON, UK: Directa Plus announced that its environmental services subsidiary, Setcar, has been awarded a grant for a project under the EU’s Regional Operational Program. The total financed program is for €1.15m, of which €0.6m is non-refundable financing. The project has a duration of two years and commences on 21 August 2021. The Regional Operational…
Schroder UK Public Private Trust makes investment in Revolut
LONDON, UK: Schroder UK Public Private Trust has made a $13.7m investment in the leading disruptive global neobank, Revolut Limited. This represents the second new private equity investment since the appointment of Schroder Investment Management Ltd as the Company’s Portfolio Manager and a clear demonstration of the continued progress towards rebalancing the portfolio. This investment…
Bluejay Mining forms joint venture with KoBold Metals
LONDON, UK: Bluejay Mining has announced a joint venture agreement with KoBold Metals, a mineral exploration company that uses machine learning to guide exploration for new deposits rich in the critical materials for electric vehicles. Principal investors in KoBold include Breakthrough Energy Ventures, a climate & technology fund, overseen by Bill Gates, and whose investors…
Euro Sun Mining announces listing on London Stock Exchange
TORONTO, Euro Sun Mining Inc. announced its intention to seek a listing of the Company’s shares on the London Stock Exchange (LSE) Main Market. Key Company Highlights – The Company’s main asset, the Rovina Valley Project (“the Project” or “RVP”), which contains the Rovina, Colnic and Ciresata deposits, is one of the largest undeveloped copper-gold projects in Europe,…