LONDON: Warehouse REIT announced the acquisition of four modern warehouse units on Boulevard Industry Park in Speke, Liverpool, totalling 390,000 sq ft. The purchase price of £35 million reflects a net initial yield of 5.5%. Ranging from 74,000 sq ft to 163,000 sq ft, the units are occupied by three separate occupiers spanning the automotive…
Robinson Plc acquires Danish company Schela Plast for £7.7 million
LONDON: Robinson plc, the custom manufacturer of plastic and paperboard packaging, acquired Schela Plast A/S, a Danish designer and manufacturer of blow moulded containers for a total consideration of £7.7m on a debt free cash free basis. Alan Raleigh, Chairman of Robinson, commented: “The Acquisition supports our sustainable growth strategy. Schela Plast is a strong…
Alabama Coal Association expands, rebrands as Alabama Mining Association
MONTGOMERY: Following a vote by its membership, the Alabama Coal Association today announced its expansion and rebranding as the Alabama Mining Association (AMA). AMA’s formation includes a new digital identity and website, which can be accessed here. The mission of AMA is to promote the safe and sustainable mining of the natural resources that strengthen…
The Market Herald announces pilot launch of Australian business television streaming network
SYDNEY: The Market Herald Limited provides an update on the pilot launch of its streaming business television network and the launch of Scheduler, a proprietary cloud based digital workflow platform. The Market Herald Business Television Network is an Over-The-Top (OTT) streaming network that serves an audience of investors and affluent consumers. The current show line…
International mining executive Tony Ottaviano appointed CEO & MD of Liontown Resources
SYDNEY: Liontown Resources Limited announced the appointment of international mining executive Tony Ottaviano as Chief Executive Officer and Managing Director, effective from on or about 1 May 2021. Mr Ottaviano will oversee the Company’s next critical growth phase as it embarks on the financing and development of a major new next-generation Australian lithium mine at…
Liontown Resources Limited (ASX:LTR)
Click here Liontown Resources Limited (ASX:LTR) share price Liontown Resources Limited (ASX:LTR) is a battery metals exploration and development company with a Tier-1 discovery at its flagship Kathleen Valley Lithium-Tantalum Project in Western Australia. At the heart of the Company’s vision is the development of the Kathleen Valley Project to a standalone mine, perfectly aligned…
Namoi Cotton looks for new CEO as Michael Renehan resigns
SYDNEY: Namoi Cotton Limited notified that Chief Executive Officer, Mr Michael Renehan, has resigned to pursue other opportunities and will leave the organisation on 10 February 2021. Michael joined Namoi Cotton Limited in 2019 as CEO and undertook a Modernisation Program to ensure that the business met the challenges of the drought and, more recently,…
Namoi Cotton Limited (ASX:NAM)
Click Here Namoi Cotton Limited (ASX:NAM) share price Namoi Cotton Limited was formed as a grower owned co-operative in Wee Waa, NSW in 1962 by a small group of pioneering cotton growers. In October 2017, Namoi Cotton restructured to become Namoi Cotton Limited, a fully public company listed on the ASX. Namoi Cotton primarily operates…
Telstra plans transition to full ownership for its retail stores across Australia
AUCKLAND: Telstra has announced its intention to transition to full Telstra ownership for its bricks and mortar branded retail stores across Australia. Negotiations with independent licensees about an agreed transition to Telstra ownership wil begin shortly and that process, which includes plans to offer roles to current store staff in the majority of cases as…
Signs for U.S. economic rebound encouraging despite lingering uncertainty
NEW YORK: Global insurance sector rating agency, AM Best expects modest economic growth for the first half of 2021, as signs for U.S. economic rebound are encouraging despite lingering uncertainty. In its Best’s Special Report, “2021: Transitioning to a New Normal,” AM Best states that risks to the economic forecast are related mainly to the…
Datamatics, SSTech form partnership to strengthen North American presence
TAMPA: Datamatics and System Soft Technologies (SSTech) have entered a strategic partnership covering the North American region, a news release said. The distribution agreement gives SSTech access to Datamatics’ Intelligent Automation (IA) suite of products, including TruAI, TruCap+ and TruBot. SSTech will use these products to help small and medium-sized businesses (SMBs) deploy automation with…
DentaQuest applauds President Biden’s decision to re-open ACA Insurance Exchange
BOSTON: DentaQuest has applauded the decision by the Biden Administration to re-open the federal health care marketplace for three months, which will provide an opportunity for millions of individuals to apply not just for health insurance, but also for dental health insurance through the federal marketplace While the Biden Administration notes that over 30 million…