LONDON, UK: Young & Co.’s Brewery has agreed to sell 56 of the 63 pubs in the Ram Pub Company to Punch Pubs & Co. for a total consideration of £53 million in cash, having generated EBITDA of £4.7 million for the year ended 31 March 2019, a news release said. Completion of the Disposal…
MoU signed to help decarbonize the industrial basin of Normandy
PARIS, FRANCE: Air Liquide, Borealis, Esso S.A.F., TotalEnergies and Yara International have signed a Memorandum of Understanding (MoU) to explore the development of a CO2 infrastructure including capture and storage, to help decarbonize the industrial basin located in the Normandy region, France, a news release said. With the objective to reduce CO2 emissions by up to 3…
ASOS and Nordstrom announce Topshop joint venture
LONDON, UK: ASOS Plc has formed a joint-venture with US-based multi-channel retailer, Nordstrom, which will invest for a minority interest in the Topshop, Topman, Miss Selfridge and HIIT brands, a news release said. The joint-venture will help drive the growth of these brands and paves the way for exploration of a new wider strategic partnership…
Major Contract win for Streams data platform, revenue up 300% since December
LONDON, UK: Mobile Streams plc has signed a major contract with Tappit Technologies (UK) for the use of its Streams data platform. The deal is worth up to £480,000 over 4 years, with a minimum £10,000 per month for at least 6 months. It will increase Streams’ revenue to an estimated £35,000 per month, an…
Xaar plc completes acquisition of FFEI Limited
LONDON, UK: Xaar plc, the leading inkjet printing technology group, has completed the acquisition of FFEI Limited, a leading integrator and manufacturer of industrial digital inkjet systems and digital life science technology based in Hemel Hempstead, UK, a news release said. The addition of FFEI strengthens Xaar’s capabilities and skills and will help to provide…
Diurnal receives agreement from US FDA
LONDON, UK: Diurnal Group plc announced the US Food and Drug Administration (FDA) has agreed a Special Protocol Assessment (SPA) for Chronocort (modified-release hydrocortisone) for the design, endpoints and statistical analysis approach of a pivotal study of Chronocort for the treatment for Congenital Adrenal Hyperplasia (CAH) in the US. The SPA provides agreement that the…
Regional REIT disposes of Arena Point, Leeds for £10.65 million
LONDON, UK: Regional REIT Limited has exchanged and completed on the disposal of Arena Point, Leeds for £10.65 million, representing a substantial uplift of 15.8% against the 31 December 2020 valuation, a news release said. The purchaser intends to demolish the 19-storey office block (76,176 sq. ft.) to make way for a 43-storey tower, providing…
Predator Oil & Gas Holdings appoints Lonny Baumgardner as Chief Operating Officer
LONDON, UK: Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company, announced the appointment of Mr. Lonny Baumgardner as Chief Operating Officer with immediate effect. Lonny is a petroleum engineer by training and has 30 years of experience within oil and gas operations, over 25 years of which has been internationally…
Avingtrans’ businesses collaborate on £4.4 million nuclear contract
LONDON, UK: Avingtrans PLC companies Stainless Metalcraft, Hayward Tyler Fluid Handling and Hayward Tyler have secured a contract worth £4.4m with Doosan Babcock to supply remote maintenance pumps for use by a leading UK nuclear energy company as part of the Programme and Project Partners (PPP) approach, a news release said. The Contract will be…
Westminster to supply security services to protect Tower of London
LONDON, UK: Westminster Group Plc has been awarded a contract to supply security services to help protect the historic Royal Palace and Fortress of the Tower of London, a news release said. The Tower of London is a world-renowned iconic castle and World Heritage Site, built by William the Conqueror in 1078, and has served…
Google Cloud partners Ericsson to deliver 5G & edge cloud solutions
LONDON, UK: Google Cloud and Ericsson announced a partnership to jointly develop 5G and edge cloud solutions to help communications service providers (CSPs) digitally transform and to unlock new enterprise and consumer use cases. Globally, industries with edge presences – including communication service providers, retailers, manufacturers, transport businesses, healthcare and media/entertainment providers – face pressures…
BATM Advanced Communications launched Edgility networking NFV-based ecosystem
LONDON, UK: BATM Advanced Communications announced that its Telco Systems subsidiary has launched Edgility, an ecosystem of networking products and services based on its network function virtualisation (NFV) technology. In addition, Telco Systems has released its first dedicated package under the Edgility product suite, which is a Fast SD-WAN & Firewall offering that provides secure…