DUBAI: DXB Entertainments PJSC announced that the temporary suspension of theme park operations implemented in March 2020, will be extended for the summer period with the destination re-opening on 23 September 2020. The company will, in the interim, focus on the roll-out of the enhancement program and completion of maintenance works. The enhancement program will…
Zynga Inc closes acquisition of Peak Games for approx $1.85 billion
LONDON: Zynga Inc, a global leader in interactive entertainment, has completed its previously announced acquisition of all of the issued and outstanding common shares of Peak Games, the Istanbul-based creator of Toon Blast and Toy Blast, for a total purchase price of approximately $1.85 billion, comprised of approximately equal proportions of cash and Zynga Inc…
Ryanair and its Irish pilots agree on 20% pay cuts to save jobs
LONDON: Ryanair has welcomed acceptance by 100% of its Irish Pilots of a 4-year agreement which includes a 20% pay reduction, restored over 4 years, along with productivity improvements on rosters, flexible working patterns and annual leave to minimise Irish Pilot job losses. This agreement gives Ryanair a framework to flex its operation during the…
Gresham House acquires 41MW Bloxwich battery storage project from Arenko Group
LONDON: Gresham House Energy Storage Fund, Great Britain’s largest operational battery storage fund, announced that it has completed the acquisition of a 41MW operational energy storage facility known as Bloxwich from a group of investors led by Arenko Cleantech. This project was previously disclosed by GRID as the ‘Potential Acquisition’. The acquisition increases the total…
Costa extends pause for its cruises until August 15th
GENOA, ITALY: Costa Victoria announced a further pause for all its cruises until August 15th, 2020 and the cancellation of all cruises in Northern Europe for the remainder of the 2020 summer season. The decision is linked to the uncertainty on the gradual reopening of ports to cruise ships and the restrictions that may still…
Victoria Oil & Gas terminates agreement to supply gas to ENEO
LONDON: Victoria Oil & Gas Plc subsidiary Gaz du Cameroun S.A. (GDC provides an update on the gas sales agreement with ENEO Cameroon S.A. (ENEO). SUMMARY: GDC has unerringly supplied natural gas to ENEO at its Logbaba power plant since 2015 despite ENEO’s poor payment record GDC has made repeated requests in writing and in…
Iain Williamson appointed CEO of Old Mutual and of Old Mutual Life Assurance
LONDON: Board of Directors of Old Mutual Limited informed shareholders that Iain Williamson has been appointed as Chief Executive Officer of Old Mutual and of Old Mutual Life Assurance Company (South Africa) Limited, effective immediately. This appointment concludes an extensive process initiated by the Board to appoint a permanent CEO for the Group. An Actuary…
Rutherford signs £19.1mn diagnostics services agreement with Somerset NHS Foundation
LONDON: Rutherford Health plc announced that it has entered into an agreement with Somerset NHS Foundation Trust to provide diagnostics services. Rutherford, via its wholly owned subsidiary, Rutherford Diagnostics Limited, will provide the Trust with a variety of diagnostics services including Magnetic Resonance Imaging, Computed Tomography, Ultrasound, X-Ray and other relevant diagnostic services. These diagnostics…
11 major international companies join forces to accelerate the energy transition in transport and logistics
PARIS: At the Rencontres Économiques d’Aix-en-Provence, an economic forum attended by many organizations from around the world, 11 international groups have announced they have joined forces to form an international coalition open to new members. AWS, Carrefour Group, CMA CGM Group, Cluster Maritime Français, Crédit Agricole Corporate and Investment Bank, Engie, Faurecia, Michelin, Schneider Electric,…
Globaltrans Investment launches GDR buyback programme
LONDON: Globaltrans Investment PLC announced that it is launching a buyback programme having received approval from its shareholders at the Extraordinary General Meeting. The buyback programme is for the Company’s Global Depositary Receipts (GDRs) listed on the Main Market of the London Stock Exchange and will run for a period of twelve months from the…
PointsBet appointed official gaming partner for Detroit Tigers
MELBOURNE: PointsBet Holdings’ subsidiary PointsBet USA Inc., has entered into a new multi-year deal to become a gaming partner of the Detroit Tigers Major League Baseball (MLB) team. Following Michigan’s legalization of sports betting in 2019, the partnership stands as the first sports betting partnership for a professional sports team within Michigan and is also…
Worley gets services contract by BASF for battery material plant in Finland
SYDNEY, AUSTRALIA: BASF SE (BASF) has awarded Worley Limited a services contract for its European battery material investment project in Finland. The project is to build a plant that will produce precursor battery material for the European market. The plant will be powered by electricity generated from renewable energy sources such as hydro, wind and…