LONDON: LSL Property Services has formed a joint venture with Pollen Street Capital (PSC) to establish Pivotal Growth Limited, a vehicle seeking to become a leading national mortgage broker powered by market leading technology, first class regulatory compliance and exemplary customer service. It is planned that at least £200m will be made available by way…
Telstra investing $277 million to secure 5G spectrum across Australia
SYDNEY: Telstra Corporation has secured 1000 MHz in the 26 GHz spectrum auction, investing $277 million to further extend its leadership in 5G now and into the future, a news release said. Telstra secured the spectrum in all major capital cities and regional areas where it was sold. Telstra CEO Andrew Penn said the new…
FirstGroup to sell First Student and First Transit to EQT Infrastructure for $4.6 billion
LONDON: FirstGroup plc has entered into an agreement for the sale of First Student and First Transit to EQT Infrastructure, a news release said. David Martin, FirstGroup Chairman said: “We are delighted to announce the sale of our North American contract divisions First Student and First Transit to EQT Infrastructure for $4.6bn. This transaction, which…
OMV Petrom to be operator of Neptun Deep block, as Romgaz finalizes deal with ExxonMobil
LONDON: OMV Petrom and Romgaz are cooperating to unlock the natural gas resources in the Black Sea. These are essential for Romania’s energy security, for the success of the energy transition and for generating economic growth, a news release said. In case of acceptance of the Romgaz offer by ExxonMobil, OMV Petrom will act as…
Bigblu Broadband agrees to dispose of Quickline holdings in a £48.6 million deal
LONDON: Bigblu Broadband plc (BBB) has conditionally agreed to sell company’s holding in Quickline – the holding company for Quickline Communications Limited – to global private markets investment firm Northleaf Capital Partners. The Disposal values BBB’s shareholding in Quickline at up to £48.6 million, equivalent to approximately 84 pence per BBB ordinary share. The consideration will be…
Bloomsbury Publishing to acquire assets of Red Globe Press for £3.7 million
LONDON: Bloomsbury Publishing Plc has signed a sale and purchase agreement for the acquisition of certain assets of Red Globe Press (RGP) from Macmillan Education Limited, a part of Springer Nature Group. The consideration is £3.7 million, of which £2.1 million will be satisfied in cash at completion and up to £1.6 million will be…
Atos unveils global R&D lab to drive innovation in cybersecurity, quantum computing
LES CLAYES-SOUS-BOIS: Atos has inaugurated its new global Research & Development Lab in Les Clayes-sous-Bois, in the greater Paris metropolitan area (Yvelines), France. The new 8,000 m2 lab, which hosts around 350 of Atos’ highly qualified engineers, provides a modern space dedicated to research in quantum computing, high-performance computing, edge, artificial intelligence and cybersecurity. Supported…
Inchcape disposes of Toyota and Audi retail operations in St. Petersburg for £70 million
LONDON: Inchcape plc, the leading independent multi-brand automotive distributor with global scale, has agreed the sale of its Toyota and Audi retail operations in St. Petersburg to KlyuchAvto, a local market operator. The Group has agreed to dispose of the Toyota and Audi retail business for an enterprise value of c.£70 million, which will be…
Aker Offshore, Aker Horizons and University of Strathclyde to collaborate on accelerating glass fibre recycling
OSLO: Aker Offshore Wind, Aker Horizons and University of Strathclyde have signed a Memorandum of Understanding aimed at driving forward the development of recovery processes for used glass fibre products, including a novel process developed at Strathclyde. Glass-reinforced polymer composites (GRP), used in wind turbine blades around the world, is recognized as a hard-to-break-down source…
Daxocox (enflicoxib) approved for use by European Union and UK authorities
LONDON: Animalcare Group plc, the international animal health business, announces that following a positive opinion received from the Committee for Medicinal Products for Veterinary Use (CVMP) as first announced on 18 February 2021, Daxocox (enflicoxib) has now been granted Marketing Authorisation for the European Union. Daxocox is approved in Europe for the treatment of pain…
Alphawave IP Group plans listing of its shares on London Stock Exchange
LONDON: Alphawave IP Group plc, a leading semiconductor IP company, is considering an initial public offering (IPO), and applying for admission of its ordinary shares to the standard listing segment of the Official List of the Financial Conduct Authority (FCA) and to trading on the main market of the London Stock Exchange, a news release…
DP World reports 10% volume growth in 1Q
DUBAI: DP World Limited handled 18.9 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2021, with gross container volumes increasing by 10.2% year-on-year on a reported basis and up 9.6% on a like-for-like basis. The first quarter witnessed a strong start to the year and all…