LONDON: Pendragon Plc has agreed to dispose of the trade and assets of its Jaguar and Land Rover motor vehicle dealership located in Los Angeles, California. In relation to the Transaction, the purchaser of the business is Triunity Automotive Group, LLC (“Triunity”), the operator of a privately owned dealership group. The consideration for the Transaction…
Arctic LNG 2 chartered 15 Arc7 tankers to be built at Zvezda Shipyard
MOSCOW: PAO NOVATEK announced that its joint venture Arctic LNG 2 entered into long-term charter agreements on 14 Arc7 ice-class LNG tankers with SMART LNG (a joint venture between NOVATEK and PAO Sovcomflot), with the construction of the LNG tankers to be built at the Zvezda Shipbuilding Complex. The signing of the charter agreements allowed…
Senetas announces Verizon Australia agreement providing Australian sovereign cybersecurity
MELBOURNE: Senetas Corporation Limited has entered into a supplier agreement with Verizon Australia, which will see Verizon distribute Senetas’s certified high-assurance encryptors as part of Verizon’s managed security offerings for its government and enterprise customers. Verizon has provided managed network and security services to Australian government departments and businesses for over 20 years including more…
CardieX partners Andon to manufacture next generation home consumer health device
PERTH: CardieX Limited’s subsidiary ATCOR has entered a co-development and commercial partnership agreement with Shenzen Stock Exchange listed company, Andon, one of China’s largest manufacturers of home-use medical electronic devices. The three-year co-development and commercialization agreement with Andon provides for the development and commercialization of new medical and consumer health devices for home-use based on…
Davenport appoints Ian Farmer as Non-Executive Chairman as part of its Board restructure
PERTH: Davenport Resources Ltd announced the appointment of former Lonmin Plc CEO Ian Farmer as Non-Executive Chairman as it continues development of its portfolio of potash projects in Germany. Mr Farmer’s appointment as Davenport’s Non-Executive Chairman is part of a Board restructure to increase its effectiveness in progressing the development of its potash projects while…
St Barbara completes acquisition of Moose River Resources Inc
PERTH: St Barbara Ltd confirmed that it has finalised all outstanding conditions relating to its previously announced acquisition of Moose River Resources Incorporated (MRR”) with completion achieved on 4 September 2020. The acquisition was first announced on 27 July 2020. St Barbara’s wholly owned subsidiary Atlantic Mining NS (Atlantic Mining) acquired the remaining 93% of…
PS&C to acquire proprietary cloud and mobile based platform, Asset Vision
MELBOURNE: PS&C Limited has executed a term sheet to acquire a 100% interest in Asset Vision, a proprietary cloud and mobile based platform, a news release said. The Asset Vision Platform provides a unified approach to asset inspections, maintenance and operations management in the global Enterprise Asset Management software market. The acquisition of Asset Vision…
PG&E urges customers to conserve energy during heat wave
SAN FRANCISCO: Pacific Gas and Electric Company (PG&E) urges its customers to conserve energy during afternoons and evenings throughout the Labor Day weekend. The state’s grid operator has issued a Flex Alert, based on a forecast of increased power demand due to expected high temperatures. PG&E meteorologists are forecasting a strong high-pressure system over the…
Beijing to build pilot free trade zone to further open up services industry
BEIJING: China’s central government will support Beijing in setting up a pilot free trade zone characterizing scientific and technological innovation, opening up of the services sector and the digital economy. The decision was announced at the opening of the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing on Friday. “We will support…
Gulf Navigation Holding reports its vessel “Gulf Livestock 1” missing
DUBAI: Gulf Navigation Holding PJSC reported the incident relating to the vessel, MV “Gulf Livestock 1” which is reported missing while the vessel was enroute from New Zealand to China, with livestock on board. The Japanese Coast Guard received a distress call early on Wednesday morning (Sept 2nd) to which they responded and one of…
Numis
Numis is an independent institutional stockbroker and corporate advisor with its main headquarters in the City of London. By the autumn of 2017, the firm had 195 stock market clients, and a February 2018 report by Adviser Rankings Ltd found that it was broker to eleven of the largest fifty firms in London’s Alternative Investment…
Novolipetsk Steel
Novolipetsk Steel, or NLMK, is one of the four largest steel companies in Russia. NLMK’s share of domestic crude steel production is about 21%. It primarily produces flat steel products, semi-finished steel products and electrical steels. NLMK also produces specialty coated steels, plus high-ductility and micro-alloyed steels. Native name: OAO Новолипецкий металлургический комбинат Type: …