LONDON: Clipper Logistics plc has signed a letter of intent with JD Sports Fashion PLC (“JD Sports”), to provide e-fulfilment services from its distribution centre in Sherburn, near Leeds. It is anticipated that Clipper will provide e-fulfilment services to supplement JD Sports’ existing e-commerce operation. Clipper will also provide logistics support to trunk product to…
CoalTech signs business development agreement targeting Chinese and Indonesian markets
LONDON: Clean Invest Africa’s subsidiary CoalTech Limited has signed a business development agreement with Mr Daniel Lee in respect of providing business development capabilities to identify opportunities in the People’s Republic of China and the Republic of Indonesia. Mr Lee was an early investor in Clean Invest Africa, recognising the positive impacts that its proprietary…
BEWI ASA acquires 51% of Danish paper packaging company Honeycomb Cellpack
OSLO: BEWI ASA has acquired 51 percent of the Danish paper packaging company Honeycomb Cellpack A/S, a news release said. Honeycomb provides protective packaging solutions, including design, development and manufacturing of sustainable packaging which is both recyclable and biodegradable. “Through this acquisition, we are broadening our product offering within protective packaging, in line with our…
Open Orphan plc plans spin-out of certain non-core Development IP Assets
LONDON: Open Orphan plc is at an advanced stage in planning for a possible spin-out of certain non-core Development IP Assets. These Development IP Assets are a portfoilio of intellectual property and development assets, including HVO-001 which has potential application in the treatment of respiratory disease. These do not include the equity interests in Imutex…
Alessandra Galloni appointed editor-in-chief of Reuters
NEW YORK: Reuters announced the appointment of Alessandra Galloni as editor-in-chief, effective April 19. Michael Friedenberg, president of Reuters, wrote to employees to share that Galloni, previously global managing editor at Reuters, will oversee all editorial functions for the newsroom and its 2500 journalists in 200 locations around the world. She will become the first…
Rambler Metals and Mining closes sale of non-core assets to Maritime Resources Corp.
LONDON: Rambler Metals and Mining plc has closed the previously announced sale of non-core assets to Maritime Resources Corp. The non-core assets include the Company’s existing gold circuit at the Nugget Pond metallurgical facility and a number of Canadian exploration properties and royalties. Eason Chen appointed CFO at Rambler Metals and Mining Key terms of…
Mattioli Woods acquires Pole Arnold Financial Management Limited for upto £7.0 million
LONDON: Mattioli Woods plc announced the acquisition of 100% of the share capital of Pole Arnold Financial Management Limited for an initial consideration of £4.0 million and potential further consideration of up to £3.0 million dependent on the attainment of specified performance targets in the two years after completion. Pole Arnold is a firm of…
Huddlestock receives the 2021 FinTech Innovator Award
OSLO: Huddlestock Fintech receives the 2021 FinTech Innovator Award. We are delighted to announce that Huddlestock Fintech has been named “FinTech Innovator of the Year” in the 2021 Technology Innovator Awards. “We are delighted to receive this years’ Technology Innovator Award for FinTech. A strong recognition of our innovative software solutions in wealth management and…
David Hosking appointed CEO PSC Australia and New Zealand
SYDNEY: PSC Insurance Group announced the appointment of David Hosking to the new role of CEO PSC Australia and New Zealand. David joins after a successful career at Allianz and prior to that time, at IAG. David brings a long history and deep understanding of the insurance industry and particularly the insurance broking and intermediary…
CGG leads European Space Agency plastic pollution innovation study
PARIS: A consortium led by CGG has been selected by the European Space Agency’s Space Solutions initiative to undertake a study aimed at developing new environmental monitoring technology and services to help combat the global marine litter crisis. CGG will collaborate with Mott MacDonald, a global engineering, management and development consultancy, and Brunel University London…
Creative Solutions acquires Lightstream to expand into gaming and cloud offering
IRVINE: Creative Solutions, a division of The Vitec Group plc, acquired Lightstream, a US-based tech company that builds a cloud-native live video platform, broadcast software, and creator tools with specialization in the video game live streaming industry. Lightstream is a world leader in live streaming technology for the massive and fast growing gaming market, and…
Fitch revises outlook on Westpac Banking Corporation to stable
SYDNEY: Westpac notes that Fitch Ratings (Fitch) has today revised the Outlook for Westpac Banking Corporation’s Long Term Issuer Default Rating (IDR) to ‘Stable’, from ‘Negative’. The change in ratings outlook reflects Fitch’s view of the improved economic prospects in Australia. Fitch has affirmed Westpac Banking Corporation’s long-term issuer credit ratings at ‘A+’, and ‘F1’…