LONDON: K3 Capital Group plc, a multi-disciplinary professional services firm providing advisory services to SMEs, has acquired the entire issued and to be issued share capital of Quantuma Advisory Limited, a holding company containing the assets of Quantuma LLP for an initial consideration of £26.95 million, a news release said. The acquisition is expected to…
British Honey signs licensing and distribution agreement with English Heritage
LONDON: The British Honey Company plc (BHC), the producer of premium British Honey-infused spirits and alcohol sanitiser products, has signed a strategically important four-year Global Licensing and Distribution Agreement with English Heritage. English Heritage is a registered conservation charity which cares for over 400 historic monuments, buildings and places – from world famous prehistoric sites…
TUI Group to provide five new Boeing 737 MAX-8 aircraft to BOC Aviation
HANOVER: TUI Group has confirmed the signing of a sale and leaseback (SLB) agreement with BOC Aviation Ltd for five new Boeing 737 MAX-8 aircraft for the aggregate sum of $226 million. The first aircraft is expected for delivery in the first quarter of FY21 with the remaining four aircraft expected to be delivered ahead…
L3Harris Technologies completes sale of EOTech to American Holoptics
MELBOURNE: L3Harris Technologies has completed the previously announced sale of its EOTech business to American Holoptics, an affiliate of Koucar Management. With annual revenue of approximately $60 million, L3Harris’ EOTech business manufactures holographic sighting systems, magnified field optics and accessories for military, law enforcement and commercial markets around the world, a news release said. L3Harris…
Zenith Energy terminates SPA for acquisition of Coro Energy Italian assets
OSLO: Zenith Energy Ltd. announces the termination of the sale and purchase agreement (SPA) entered into with Coro Energy plc for the acquisition by Zenith of Coro’s entire Italian natural gas production and exploration portfolio. Under the SPA, completion of the Italian Acquisition was conditional on, inter alia, receipt of Italian regulatory approvals prior to…
Gaming Innovation Group signs platform agreement with Mill of Magic
OSLO: Gaming Innovation Group Inc. (GiG) has signed a long-term agreement with a subsidiary of Casumo, Mill of Magic Ltd, for the provision of GiG’s platform, data platform and GiG Logic. Mill of Magic will use GiG’s products to power its new Pay N Play casino offering under its own license from the Maltese Gaming…
Strata to acquire EPSi From Allscripts for $365 million
CHICAGO: Strata Decision Technology has reached a definitive agreement to acquire EPSi from Allscripts for $365 million, a news release said. EPSi is a leading provider of financial decision support and planning tools for hospitals and health systems. “By bringing these two outstanding companies together, we believe that we can build one of the most…
Rob Shuter appointed CEO of BT Group’s Enterprise unit
LONDON: BT Group announced the appointment of Rob Shuter as CEO of its Enterprise unit and as a member of BT’s Executive Committee. Rob is expected to join by the end of the 2020/21 financial year. Rob is currently Group President and CEO at MTN Group, Africa’s leading mobile telecommunications company with 250 million customers…
DWF Group announces appointment of new chairman and deputy chairman
LONDON: DWF, the global legal business, announce that Jonathan Bloomer will join the Board as Chairman with effect from 1 August 2020. When Sir Nigel Knowles became CEO and the Board commenced the process to find a new Chairman, Chris Sullivan stepped up as Interim Chairman. Chris will now take the role of Deputy Chairman,…
Bigblue selling its UK and European satellite broadband operations
LONDON: Bigblu Broadband plc has conditionally agreed to sell the Company’s UK and European satellite broadband operations to Eutelsat S.A. for a maximum aggregate consideration of up to £39.3 million, a news release said. An initial consideration of £37.8 million is payable in cash, with £36.8 million paid on Completion and £1 million, subject to…
Worldwide smartphone shipments decline 16% in the second quarter of 2020
FRAMINGHAM: Overall smartphone shipments worldwide declined 16.0% in the second quarter of 2020 (2Q20), according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. In total, companies shipped 278.4 million smartphones during 2Q20. Although this a larger decline than in the first quarter, it was expected as major economies around…
SGX reports FY2020 net profit of S$472 million
SINGAPORE: Singapore Exchange (SGX) reported FY2020 net profit of S$472.0 million (S$391.1 million), with revenues of S$1,052.7 million (S$909.8 million). EBITDA stood at S$655.7 million (S$523.5 million), while earnings per share was 44.1 cents (36.5 cents). The Board of Directors has proposed a final quarterly dividend of 8.0 cents per share, payable on 9 October…