LONDON: Cellular Goods PLC, a UK-based provider of premium consumer products based on biosynthetic cannabinoids, announced its intention to join the main market of the London Stock Exchange this spring. Cullular Goods is backed by David Beckham. The flotation is expected to value Cellular Goods at approximately £20m and will make it the first LSE-listed…
Petrofac secures $300 million petroleum development Oman contracts
LONDON: Petrofac Limited has been awarded two contracts, together worth around US$300 million through Petroleum Development Oman (PDO). The first is a direct EPC contract for PDO’s Marmul Main Production Station (MMPS) – Gas Compression project. The scope of work for the 30-month, lump-sum turnkey contract includes engineering, procurement, construction, commissioning, start-up and initial operational…
Securitas launches business transformation in Europe and Ibero-America
STOCKHOLM: Securitas AB continues strategy execution by launching business transformation in Europe and Ibero-America The business transformation of Security Services Europe and Security Services Ibero-America targets an increase of the operating margin in the segments to around 6.5 percent and 6.0 percent respectively, upon completion in 2024. In 2019, Securitas launched two major transformation programs…
Netsmart acquires GPM to enhance provider digitization and mobile workflows
OVERLAND PARK: Netsmart announced the acquisition of GPM, a North Carolina-based Software-as-a-Service technology and services company. This acquisition extends the Netsmart CareFabric platform to deliver interoperable data sharing between long-term care facilities and the providers that treat and coordinate care for their residents. “GPM is a great addition to the Netsmart family,” said Netsmart CEO…
NOG acquires assets in Appalachian Basin from Reliance’s subsidiary
MINNEAPOLIS: Northern Oil and Gas Inc. (NOG) has entered into a definitive agreement to acquire certain non-operated assets in the Appalachian Basin from a subsidiary of Reliance Industries Ltd, a news release said. At the effective date of July 1, 2020, the Assets were producing approximately 120 MMcfe/d of natural gas equivalents, net to Northern’s…
Nokia Corporation Financial Report for Q4 and Full Year 2020
HELSINKI: Nokia delivered a solid Q4 to end 2020 at the high end of our Outlook range. We saw healthy gross margin and operating margin performance for both Q4 and full year 2020, supported by a regional mix shift towards the higher margin North America region and by our ongoing R&D efforts to enhance product…
Technip Energies to separate from TechnipFMC on February 12, 2021
PARIS: TechnipFMC plc announced the timing and details regarding its previously announced separation into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider; and Technip Energies, a leading engineering and technology player. The transaction is structured as a spin-off of a majority stake in TechnipFMC’s Technip Energies segment in the…
Henrik Golfetto Høye becomes new CEO of Protector Forsikring ASA
OSLO: The Board of Protector Forsikring ASA announced that Mr Henrik Golfetto Høye will succeed Mr Sverre Bjerkeli as CEO of the company when Mr Bjerkeli, in accordance with his contract, retires. Henrik, aged 38 holds a Bachelor in Economics from the United States, and has been on the Protector team since 2007. Most recently…
Damstra Holdings Limited (ASX:DTC)
Click Damstra Holdings Limited (ASX:DTC) share price Damstra Holdings Limited (ASX:DTC) is an Australian-based provider of integrated workplace management solutions to multiple industry segments across the globe. The Company develops, sells and implements integrated hardware and software-as-a-service (SaaS) solutions in industries where compliance and safety are of utmost importance. These solutions assist Damstra’s clients to…
Damstra establishes advisory board to accelerate growth in North America
SYDNEY: Damstra Holdings Limited announced the establishment of a North American Advisory Board to include senior executives from the technology, mining, and energy industries. The Advisory Board has been established to help Damstra management identify business development opportunities and accelerate the Company’s organic growth in North America. Foundational Advisory Board members Tim Davis, Ray Gogel,…
Dr Nora Scheinkestel appointed on Westpac Banking Board
SYDNEY: Westpac Banking Corporation has announced the appointment of Dr Nora Scheinkestel LLB (Hons), PhD, FAICD as an independent Non-executive Director with effect from 1 March 2021. Dr Scheinkestel will be a member of the Board Risk Committee and the Board Remuneration Committee upon her appointment. Dr Scheinkestel is a highly experienced company director having…
Alliance signs wet lease agreement for 14 E190 aircraft with Qantas Airways
SYDNEY: Alliance Aviation Services has executed a Wet Lease Agreement with Qantas Airways for the provision of E190 capacity. The Agreement initially provides for three E190 aircraft to commence operations in mid-2021 with options for Qantas to call on an additional eleven aircraft based on market conditions. The Agreement is for an initial period of…