LONDON: Eight Capital Partners has completed the acquisition of a €2 million receivable as outlined in its announcement of 1 June 2019 Notice of AGM. Finance Partners Group (FPG) is an Italian financial services company that, among other things, takes minority stakes in private companies seeking future listings on public markets. Its main holding is…
LONDON, UK: The default price cap is set to fall from £1,254 to £1,179 from 1 October for this winter period (October-March). The pre-payment meter cap will fall from £1,242 to £1,217 per year for the same six month period. As a result, energy bills will fall this winter for around 15 million households who…
LONDON: CentralNic Group has completed the acquisition of the entire share capital of Ideegeo Group Limited for $5.2 million of which $520,000 constitutes a deferred payment, held in escrow until May 2021, a release issued to London Stock Exchange (LSE) noted. CentralNic is the global internet platform that derives revenue from the subscription sales of…
KARACHI: MCB Bank Limited (MCB) unveiled its 2QCY19 ended June 30, 2019 consolidated net earnings at Rs5.41 billion (EPS Rs4.59) versus Rs4.76 billion (EPS Rs3.99) recorded during the same quarter last year, exhibiting a rise of 14%YoY in profitability. Earnings of the bank arrived in-line with estimates. Consistent with previous payouts, MCB declared interim cash…
KARACHI: United Bank Limited (UBL) unveiled its 2QCY19 ended June 30, 2019, standalone net earnings at Rs5.38 billion (EPS Rs4.39) versus Rs3.63 billion (EPS Rs2.96) recorded during the same quarter last year, exhibiting a significant rise of 48% YoY, primarily due to low-base effect as UBL booked hefty one-off pension charge (Rs2.0 billion) in 2QCY18….
KARACHI: Directorate General of Transit Trade has seized large number of Indian origin consignments mis-declared as ‘White Crystalline Sugar’, destined to be consumed in Afghanistan, as the sugar was expired and unfit for human consumption. The value of the seized goods is $5.7 million, customnews.pk reported. Transit of sugar unfit for human consumption through the…
LONDON: Iconic Labs has agreed Heads of Terms to acquire social media agency Social Alchemist Limited, which will bolster Iconic Labs’ offering, build critical mass within its social media consultancy division, enhance content generation and importantly provide proprietary distribution channels. Iconic Labs is a multi-divisional new media and technology business. Social Alchemist is a social…
LONDON: NQ Minerals Plc has made a further strategic investment in private Tasmanian mining company, Tasmania Energy Metals to enhance the company’s operations and prospects, a release issued to London Stock Exchange (LSE) noted. As previously announced, NQ Minerals and Tasmania Energy Metals entered into a convertible loan instrument for £150,000 where NQ Minerals could…
LONDON: Victoria Plc has acquired the business and certain assets of high-quality Spanish ceramic flooring manufacturer, Iberoalcorense (Ibero). Victoria is the international designers, manufacturers and distributors of innovative flooring, a release issued to London Stock Exchange (LSE) said. The purchase price for the acquisition is split into a payment on completion and a contingent payment,…
LONDON: Maxima LT and the Nordic Investment Bank (NIB) have signed a 10-year EUR 52 million loan agreement, a release issued to London Stock Exchange (LSE) noted. Maxima Grupė‘s companies in the Baltics will allocate money for green investments. “We were seeking to diversify sources of financing and focused on long-term financing, therefore we see…
DOHA: Al Meera Consumer Goods Company has announced the signing of its new store at “The Mall”. Al Meera’s The Mall branch will mark Al Meera’s 54th store in Qatar. Al Meera’s upcoming branch at “The Mall” is the latest addition to a number of store openings under its network, a release issued to Qatar…
SAN FRANCISCO: Capella Space has entered into an agreement with Addvalue for use of its Inter-Satellite Data Relay System (IDRS) via Inmarsat’s global L-Band satellite communications network, release issued to Singapore Exchange (SGX) noted.. Capella is an information services company that provides Earth observation data on demand. Addvalue is a one-stop digital, wireless and broadband…