During Mar-2021, textile exports increased by 30% YoY to US$1.36bn, compared to US$1.04bn in the same month last year. Growth during the month was essentially a recovery, given the poor performance of textile exports in Mar-2020 owing to the lockdowns. Had the pandemic not occurred, the growth in Mar-2021 would have been closer to ~3.5%…
Stora Enso to permanently close pulp and paper production at Kvarnsveden and Veitsiluoto mills
HELSINKI: Stora Enso will start co-determination negotiations with employees at its Kvarnsveden Mill in Sweden and Veitsiluoto Mill in Finland regarding a plan to permanently close down pulp and paper production at both mills. The planned closures would take place during the third quarter of 2021, and affect directly 670 people in Finland and 440…
Quantum Genomics announces the end of its collaboration with Chinese Pharma Qilu
PARIS: Quantum Genomics announced the end of its collaboration with Chinese Pharma Qilu in the development and the commercialization of firibastat in China. Quantum Genomics is a biopharmaceutical company specializing in developing a new drug class that directly targets the brain to treat difficult-to-treat and resistant hypertension and heart failure. In the frame of their…
Aquila European Renewables secures EUR 40 million revolving credit facility
LONDON: Aquila European Renewables Income Fund announced that its wholly owned subsidiary, Tesseract Holdings Limited has reached contractual close in relation to a two year, EUR 40 million secured revolving credit facility (RCF). Lenders under the RCF include ING Bank N.V. and The Royal Bank of Scotland International Limited. As outlined in the Company’s Initial…
Gfinity plc appoints Chief Revenue & Transformation Officer
LONDON: Gfinity Plc, a world-leading esports solutions provider, today announces the appointment of Thomas (Tom) Preising to the new role of Chief Revenue and Transformation Officer. Tom joins the Gfinity team with immediate effect. Tom has over 33 years’ experience in senior operations roles for technology companies and has established a successful track record of…
Duncan Kennedy appointed Chief Financial Officer at James Fisher and Sons
LONDON: James Fisher and Sons plc announced the appointment of Duncan Kennedy as Chief Financial Officer and as an Executive Director with effect from 4 May 2021, when he will join the Board. As announced on 29 March 2021, Stuart Kilpatrick informed the Board of his intention to step down from the Board on 29…
Impact Healthcare REIT announces acquisition, forward funding agreement
LONDON: Impact Healthcare REIT plc has exchanged contracts to acquire a high quality care home near Lowestoft and entered into a pre-let forward funding arrangement for a new care home in Norwich, both of which are with a new Group tenant the Carlton Hall Limited group and are in line with the Group’s investment criteria….
Water Intelligence acquires IP assets from FastDitch
LONDON: Water Intelligence plc announced the acquisition of intellectual property assets (IP) from FastDitch Inc., a US corporation. The purchase price for the IP is a 25% equity stake for FastDitch in Intelliditch and options for 100,000 shares of Water Intelligence at an exercise price of 822.5 pence, being yesterday’s mid-market Closing price. The acquisition…
Restore plc acquires Big Data Management Ltd
LONDON: Restore plc has acquired 100% of the share capital of Big Data Management Ltd (1 Big Data), a leading high quality records management business based in Tilbury, London. Established in 1994, 1 Big Data has been securely managing corporate clients’ records for over 25 years and is recognised as one of the highest quality…
Acquisition of Tulip Oil Netherlands B.V. for €222.75 million
LONDON: Kistos Plc has provided further information in respect of its proposed acquisition of the entire issued and outstanding share capital of Tulip Oil Netherlands B.V. (“TON”) from Tulip Oil Holding B.V., as announced by the Company on 12 March 2021. The Acquisition constitutes a reverse takeover for the purposes of Rule 14 of the…
Esken Limited sells of Stobart Air and Carlisle Lake District Airport to Ettyl Limited
LONDON: Esken Limited has signed an agreement for the sale of its entire shareholdings in Stobart Air Unlimited Company (SA) (which operates regional flights under a franchise agreement for Aer Lingus) and Stobart Air (UK) Limited, the owner of Carlisle Lake District Airport (‘CLDA’) to Ettyl Limited. The sale is subject to certain change of…
RBG Holdings acquires Memery Crystal LLP for £30 million
LONDON: RBG Holdings plc announced the acquisition of the business of Memery Crystal LLP, a leading legal provider, for a total consideration of £30.0 million. The acquisition is in line with the Group’s M&A strategy set out in its Admission Document. This strategy aims to focus on high-margin professional companies, like Memery Crystal, which also…