STOCKHOLM: Fitch Ratings has raised Orkuveita Reykjavikur’s (RE) Long-Term Issuer Default Rating (IDR) from BB+ to investment grade ‘BBB-‘ with a Stable Outlook. The upgrade reflects our expectation of an improvement in credit metrics over 2021-2025 and OR’s stable performance in 2020 despite the pandemic, leading to an upward revision of the company’s Standalone Credit…
S&P revises SkyCity’s outlook to stable
AUCKLAND: SkyCity Entertainment Group Limited notified the S&P Global Ratings has revised the outlook for SkyCity’s long-term issuer credit rating and its debt issue ratings from ‘Negative’ to ‘Stable’. S&P Global Ratings has affirmed SkyCity’s long-term issuer credit rating and its debt issue ratings as BBB-. Rating Action Overview – SKYCITY Entertainment Group Ltd.’s earnings…
Alcidion Group Limited acquires UK NHS provider, ExtraMed
MELBOURNE: Alcidion Group Limited has acquired ExtraMed, a leading UK NHS provider with a 20+ years track record specialising in providing patient flow management software that helps frontline staff make informed decisions based on real-time visibility of patient flow. The acquisition will see Alcidion become the leader in the UK market for patient flow, adding…
Alcidion Group Limited (ASX:ALC)
Alcidion Group Limited (ASX:ALC) share price Click Here Alcidion Group Limited (ASX:ALC) has a simple purpose: to transform healthcare with smart, intuitive technology solutions that meet the needs of hospital and allied healthcare, worldwide. It offers a complementary set of software products and services that create a unique offering in the global healthcare market; solutions…
Vection Technologies to acquire Australia based Blank Canvas Studios
SYDNEY, AUSTRALIA: Vection Technologies Ltd has signed a definitive agreement to acquire 100% of the issued capital of leading Australian architectural visualisation (ArchViz) studio, Blank Canvas Studios (Aus) Pty Ltd. Vection Technologies plans to leverage Blank Canvas’ real estate visualisation expertise to attract more mid-market customers as part of its broader global growth strategy to…
Vection Technologies Ltd (ASX:VR1)
Vection Technologies Ltd (ASX:VR1) Share price Click Here Vection Technologies Ltd (ASX:VR1) is a multinational software company that focuses on real-time technologies for industrial companies’ digital transformation. Through a combination of our 3D, Virtual Reality, Augmented Reality, Industrial IoT and CAD solutions, Vection Technologies helps companies and organisations to innovate, collaborate andcreate value. Following the…
Oceania Healthcare closes its oversubscribed NZ$20 million retail offer
SYDNEY: Oceania Healthcare Limited announced that its non-underwritten NZ$20 million retail offer has closed oversubscribed. The Retail Offer was well supported by shareholders, with Oceania receiving applications totalling approximately NZ$50 million. Scaling and the return of any surplus application amounts will be carried out in accordance with the terms of the Retail Offer contained in…
Cyviz to jointly develop Microsoft Technology Centers in Europe and Asia
REDMOND: Microsoft Corporation has selected Cyviz to jointly design, develop and deliver next-generation visual collaboration solutions for Microsoft Technology Centers (MTC) worldwide. Microsoft will standardize on the Cyviz Easy Software Platform to deliver impressive customer experiences and in-depth technical engagements enabling digital transformation. Cyviz and Accenture to deliver next-generation visual collaboration solutions for Expo 2020…
AQ Group acquires Schaffner’s Power Magnetic Division for CHF 22.4 million
STOCKHOLM: AQ Group AB has signed an agreement with the Swiss company Schaffner Group to acquire its Power Magnetics Division, a news release said. The purchase price is CHF 22.4 million on a debt free cash free basis (enterprise value).Closing is expected at the end of the second quarter of 2021. Schaffner’s Power Magnetics Division…
Alstom to supply 20 trains for Region of Lombardy in Italy for €125 million
PARIS: Alstom has signed a contract with FERROVIENORD for the supply of 20 regional trains intended for the regional railway service of the Region of Lombardy for a total value of €125 million, a news release said. This is the second contract within a framework agreement signed in November 2019 with FNM S.p.A.. The trains…
Pakistan’s Large-scale manufacturing (LSM) grows by 4.85% YoY in February
Large-scale manufacturing (LSM) continued on a positive trajectory in February, with 4.85% growth compared to the same month last year. Cumulatively speaking, 8MFY21 LSM growth now stands at 7.45% YoY. On MoM basis, there was a minor decline of 4.15%, however, this is typical, given fewer working days in February. Among LSM heavy-weights, top performers…
Dubai Islamic Bank closes lowest-ever pricing on an AT1 sukuk from the GCC
DUBAI: Dubai Islamic Bank PJSC (DIB), rated A3 by Moody’s and A by Fitch, successfully priced a landmark USD 500 million Perpetual Non-Call 5.5yrs Additional Tier 1 Sukuk with a profit rate of 3.375% per annum. This transaction represents the lowest ever pricing achieved by a GCC bank (both conventional and Islamic) on an Additional…