LONDON: Immotion Group, the UK-based immersive entertainment group, announced its largest installation to date, ‘Ocean Explorer Virtual Reality Theater’ in Shark Reef Aquarium at Mandalay Bay Resort and Casino, opened on 1 August. The Ocean Explorer installation is a 36-seat VR theatre complete with a full immersive pre-show area, including a number of new attractions,…
bp sets out strategy to become and integrated energy company
LONDON, UK: bp Plc has introduced a new strategy that will reshape its business as it pivots from being an international oil company focused on producing resources to an integrated energy company focused on delivering solutions for customers. Within 10 years, bp aims to have increased its annual low carbon investment 10-fold to around $5…
Active Energy gets construction and air permit for it’s CoalSwitch plant at Lumberton
LONDON, UK: Active Energy, the international biomass based renewable energy business, announce that the construction and air permit for the Company’s CoalSwitch plant at Lumberton, North Carolina has been granted by the NC Division of Air Quality. With the issuance of the Permit, Active Energy can now commence the final stage planning and construction for…
AstraZeneca announces a three-tranche $3 billion global bond offering
LONDON: AstraZeneca PLC announces that, on 3 August 2020, it priced a three tranche global bond offering totalling $3bn. The offering is expected to close on 6 August 2020, subject to customary closing conditions. AstraZeneca expects to use the net proceeds of the issue for general corporate purposes, which may include the refinancing of existing…
Thakral acquires its tenth site to expand over-50s lifestyle resorts portfolio in Australia
SINGAPORE: Thakral Corporation Ltd has acquired 13.4 hectares of prime land in New South Wales, Australia, through its GemLife joint venture for the development of over-50s lifestyle resorts, a news release said. GemLife is a 50-50 joint venture with the established Puljich family who has a 30-year award-winning track record to build and run retirement…
Dubai Investments reports net profit of AED 205 million
DUBAI: Dubai Investments PJSC, the leading, diversified Investment company listed on the Dubai Financial Market, has reported net profit of AED 205 million for the period ending June 30, 2020, compared to AED 353 million for the same period last year. The drop in net profit is mainly attributable to a one-off gain on an…
Warrego appoints CEO for Australian operations
SYDNEY: Warrego Energy Limited announced that it had appointed Mr David Biggs as CEO of its Australian operations from 1 August 2020, reporting to Mr Dennis Donald, Group CEO and Managing Director. David, currently a non-executive director, will remain on the Warrego Board as an Executive Director. David has more than 35 years’ experience in…
Jadar to acquire the Granite Belt, Queensland Silver Mine
PERTH: Jadar Resources Limited has entered into a binding term sheet with Moreton Resources Limited and MRV Metals Pty Ltd for the purchase of MRV’s Southern Queensland Granite Belt tenement portfolio, including MRV’s Granite Belt Silvermining operations which is currently on care and maintenance. Consideration is AU$ 500,000 cash, with non-refundable deposit of AU$ 120,000…
Sanofi and GSK in to supply EU with 300m COVID-19 vaccines doses
LONDON: Sanofi and GSK are in advanced discussions with the European Commission (EC) for the supply of up to 300 million doses of a COVID-19 vaccine. The vaccine candidate developed by Sanofi in partnership with GSK, is based on the recombinant protein-based technology used by Sanofi to produce an influenza vaccine, and GSK’s established adjuvant…
San Leon acquires 10% interest in new Nigerian Oil Export System
LONDON: San Leon Energy announced that it is investing US$15 million in Energy Link Infrastructure (Malta) Limited (ELI), the company which owns the Alternative Crude Oil Evacuation System (ACOES) project. San Leon will also receive one seat on the board of ELI pursuant to its investment. The investment comprises a 10% equity interest in ELI…
Breedon Group acquires assets of CEMEX
LONDON: Breedon Group Plc announced the completion on 31 July 2020 of its acquisition of certain assets and operations from CEMEX, as announced on 8 January 2020. As previously indicated, the Competition and Markets Authority (CMA) has instructed that these assets should be held separate from Breedon until it has completed its investigation. Accordingly, the…
K3 Capital acquires Quantuma Advisory Limited for an initial consideration of £26.95 million
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…