AMSTERDAM: X5 Retail Group, a leading offline and online food retailer in Russia, announced the Company’s preliminary consolidated net retail sales and operational results for the fourth quarter (Q4) and full year (FY) ended 31 December 2020(2). X5 Chief Executive Officer Igor Shekhterman said: “Our performance in 2020 shows that we chose the right strategic…
Patrick Tiernan to join Lloyd’s as Chief of Markets
LONDON: Lloyds of London announced that Patrick Tiernan will be joining the Corporation in the newly created role of Chief of Markets, which will oversee market performance and distribution. Patrick will join Lloyd’s from Aviva where he is currently the Managing Director, UK Commercial Lines & Global Corporate & Speciality, and previously the Chief Financial…
S-Ventures acquires We Love Purely Limited
LONDON: S-Ventures PLC has acquired a 75.1% interest in We Love Purely Limited through the issue of 1.529 million ordinary shares in S-Ventures, equating to approximately £137,600 at a price of 9p per share, to the shareholders of Purely along with a cash payment of £30,000 to repay an outstanding Purely shareholder loan. Purely is…
Snow Lake Resources plans IPO in United States
SYDNEY: Nova Minerals Limited announced that its subsidiary, Snow Lake Resources Ltd., plans to conduct a registered initial public offering (IPO) in the United States. The timing, number of securities and price of the proposed offering have not yet been determined. Snow Lake Resources Ltd, based in Manitoba, Canada is rapidly advancing the Thompson Brothers…
Elekta divests its stake in ViewRay
STOCKHOLM: Elekta AB has sold its 7.3 percent of the outstanding common stock (11,501,597 shares) in ViewRay Inc., a news release said. Elekta has no remaining shares in ViewRay after the transaction. The shares in ViewRay were purchased in a public offering in December 2019 at USD 3.13 per share and sold today at USD…
Money360 appoints Tom MacManus as CEO
LADERA RANCH: Money360, a commercial real estate direct lender, announced that Tom MacManus has been promoted to President & Chief Executive Officer (CEO). Current CEO Evan Gentry will step back from day-to-day operations and transition responsibilities, effective April 5, 2021. Gentry has accepted a three-year assignment from his church to serve as a mission president…
M360 Advisors appoints John Maute as CEO
LADERA RANCH: M360 Advisors LLC, a U.S.-based investment management company managing alternative investment vehicles, announced that John Maute has been appointed Chief Executive Officer (CEO). Current CEO Evan Gentry will step back from day-to-day operations and become the Chairman of M360 Advisors, effective April 5, 2021. Gentry has accepted a three-year assignment from his church…
Heartland Australia issues A$75 million Australian medium-term notes
AUCKLAND: Heartland Group Holdings Limited announce that its subsidiary Heartland Australia Group Pty Limited has completed a senior unsecured bond placement of A$75 million with a key Australian institutional fixed income investor, arranged with the assistance of Westpac Institutional Bank. This is the third issuance under Heartland Australia’s Medium-Term Note programme and takes aggregate outstanding…
Tetra Tech wins $25 million USAID contract
PASADENA: Tetra Tech Inc., a leading provider of high-end consulting and engineering services, announced that the United States Agency for International Development (USAID) awarded the Company a five-year, $25 million single-award contract to increase renewable energy consumption and reduce deforestation in Zambia. The Alternatives to Charcoal Activity represents the flagship investment from the USAID/Zambia Mission…
Study launches to see carbon capture and storage on Lehigh Cement’s plant in Edmonton
EDMONTON: A low carbon future for cement is advancing through a unique feasibility study to see carbon capture and storage (CCS) on Lehigh Cement’s plant in Edmonton, Alberta, a news release said. Recognizing the substantial role that large-scale CCS has in reducing greenhouse (GHG) emissions, Lehigh Cement, the International CCS Knowledge Centre (Knowledge Centre), and…
Credit Ratings of Fidelity Life Assurance Company Limited
SINGAPORE: Based on its very strong balance sheet, Insurance sector rating agency AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Fidelity Life Assurance Company Limited of New Zealand. The stable outlook ratings reflect Fidelity Life’s balance sheet strength, which AM Best categorises as…
Credit ratings of OneMain Holdings’ insurance subsidiaries
OLDWICK: Insurance sector raatng agency, AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of American Health and Life Insurance Company (Fort Worth, TX) and Triton Insurance Company (Fort Worth, TX). Both companies are wholly owned subsidiaries of OneMain Holdings Inc.. The outlook of these…