LONDON: Supermarket Income REIT announced the acquisition of a Sainsbury’s supermarket (and adjoining commercial premises) in Heaton, Newcastle upon Tyne, from the National Farmers Union for £53.1 million, reflecting a combined net initial yield of 4.1%. Sainsbury’s has a long history of trading from this prominent 11-acre site, which was originally developed in the 1980s…
Chris Gillespie appointed CEO of H&T Group Plc
LONDON: The board of H&T Group Plc announced the appointment of Chris Gillespie as chief executive officer of the Group. Subject to the necessary regulatory approvals, his appointment will be effective from 1 January 2021, following the retirement of John Nichols. Gillespie joined H&T in September 2020 as an executive director, as part of a…
Lekoil enters strategic alliance agreement with NAMCOR Exploration and Production
LONDON, UK: LEKOIL Limited’s subsidiary LEKOIL Exploration & Production (PTY) Namibia has entered into a Strategic Alliance Agreement (SAA) with NAMCOR Exploration and Production. NAMCOR E&P, a subsidiary of the national oil company of Namibia, namely the National Petroleum Corporation of Namibia Pty Limited (NAMCOR), seeks to invest capital in the acquisition of interests in…
Octopus Renewables completes €56 million acquisition of construction ready wind project in France
LONDON: Octopus Renewables Infrastructure Trust plc has completed the acquisition of 100% of the Cerisou wind farm, a construction-ready onshore wind project in the Vienne department of France, a news release said. The project has been acquired from RES SAS (RES), part of the RES Group, a leading worldwide developer, constructor and manager of renewable…
AIDA Cruises pauses operation in November
ROSTOCK: AIDA Cruises has announced it will temporarily pause its cruises for November, cancelling all voyages planned between October 31 and November 30. This follows the Federal Government of Germany’s October 28 decision to impose further restrictions on public life and travel to limit the spread of COVID-19, which AIDA Cruises fully supports. As the…
TP Group selling its Manchester-based subsidiary TPG Engineering to Rcapital
LONDON: Following a strategic review of the Group’s engineering capabilities in relation to its wider strategy, the Board of TP Group has agreed to sell its Manchester-based subsidiary TPG Engineering Ltd. to Rcapital. The Board believes that the sale will maximise shareholder value by allowing TP Group to focus on its strategy to deliver high-technology…
Damian Wood hired Director of medicinal cannabis production at ECS Botanics
SYDNEY: ECS Botanics Holdings Ltd announced that Mr Damian Wood has joined the company as Director of Medicinal Cannabis Production. Mr Wood joins ECS after spending 2.5 years at Little Green Pharma as Head of Quality, then Head of Production. He plans to relocate from Western Australia to ECS’ production base in Tasmania. Mr Wood…
Takeda to import and distribute 50 million doses of Moderna’s COVID-19 vaccine in Japan
OSAKA: Takeda Pharmaceutical Company Limited will import and distribute 50 million doses of Moderna’s COVID-19 vaccine candidate, mRNA-1273, starting in the first half of 2021, pending licensure in Japan, a news release said. This effort is part of a three-way agreement among Takeda, Moderna and the Government of Japan’s Ministry of Health Labour and Welfare…
Are CEOs doing enough to create a corporate circularity culture?
CALGARY: CEOs must take a leadership role by demanding support for a Circular Economy as part of their Corporate DNA. Most scientists now believe Climate Change is a real threat to the long- term viability of the human species. A first step is asking for the carbon footprint of the services or products your firm…
OZ Minerals
OZ Minerals (ASX: OZL) is a modern mining company based in Adelaide, Australia. It was originally formed after the merger of Oxiana Limited and Zinifex in 2008. In 2009, Chinese state owned China Minmetals proposed a purchase of the heavily indebted company. The Chinese proposal was one of three high-profile moves by Chinese firms to…
Oroton
Oroton is Australia’s oldest luxury fashion company founded in 1938. The company’s main product category is leather bags for women and men. The company sells other products such as eyewear, accessories and small leather goods, and launched its ready-to-wear apparel line in 2019. The company is based in Sydney and has close to 50 stores…
Orocobre Limited
Orocobre Limited is a mineral resource company based in Brisbane, Australia. The company’s present focus is on lithium and borax mining operations within Argentina. Since 2007 Orocobre Ltd. is registered at the Australian Securities Exchange ASX (symbol: ORE) and as of 2010 listed on the (Toronto Stock Exchange) TSX (symbol: ORL). The company is included…