LONDON: JTC Plc has announced the completion of its acquisition of the assets, contracts and employees of SANNE Group plc’s private client business based in Jersey. The acquisition expands JTC’s Private Client Services (PCS) presence in Jersey, one of its strongest performing PCS jurisdictions. Clients representing annualised ongoing revenues of £4.1m have transferred to JTC…
WANdisco wins major British supermarket contract
LONDON, UK: WANdisco, the LiveData company for machine learning and AI, announced that it has signed an initial deal worth up to $1m with a major British supermarket. In addition, there has been strong uptake for the Group’s Azure Cloud product, with 11 companies registered in the first month of public preview. With the completion…
Liontrust proposes to acquire Architas UK Investment Business for £75 million
LONDON: Liontrust Asset Management, the specialist independent fund management group, has entered into a conditional sale and purchase agreement with Architas Limited to purchase entire issued share capital of Architas Multi-Manager Limited (AMML) and Architas Advisory Services Limited (AASL), together, the Architas UK Investment Business for a total consideration of up to £75 million. The…
Benchmark Holdings sells FishVet to Pharmaq for £14.7 million
LONDON: Benchmark Holdings announced that it has completed the sale of its wholly owned subsidiary FVG Ltd. (FishVet) to Pharmaq, part of the global animal health company Zoetis, for a total cash consideration of £14.4 – £14.7 million. The sale comprises Benchmark’s veterinary and diagnostic services activities in the UK, Ireland, Norway and Chile. The…
Boku Inc.completes $41mn acquisition of Fortumo
LONDON: Boku Inc, a leading global mobile payment and mobile identity company, announced that it has successfully completed the acquisition the entire issued and to be issued share capital of Fortumo Holdings and its subsidiaries in a transaction valued at a maximum enterprise value of $41 million. The Acquisition is a significant step in Boku’s…
Babcock International appoints David Lockwood as new Chief Executive
LONDON: Babcock International Group, the aerospace and defence company, announced the appointment of David Lockwood as CEO, succeeding Archie Bethel, who earlier this year announced his intention to retire. David will join the Company and the Board on 17 August 2020 as CEO designate and will become CEO on 14 September 2020, at which point…
H&T Appoints Chris Gillespie as executive director
LONDON: H&T Group announced the appointment of Chris Gillespie as an executive director of H&T Group plc. This appointment is subject to the requisite regulatory approvals. Gillespie will join H&T in September having previously been managing director for the Consumer Credit Division of Provident Financial plc since August 2017. Prior to that he held senior…
Provident Financial appoints Hamish Paton as Managing Director of its Consumer Credit Division
LONDON: Provident Financial plc announced the appointment of Hamish Paton as Managing Director of its Consumer Credit Division (CCD), subject to regulatory approval. He will take over from Chris Gillespie, who is joining H&T Group plc, a FTSE listed pawnbroker, having held the role since August 2017. Hamish Paton has a strong consumer finance background…
WorldRemit launches their remittance service in Somalia
LONDON: WorldRemit, the global online money transfer service, has announced the launch of its remittance services in Somalia. WorldRemit operates in over 50 send countries to over 150 receive countries and is now the first global digital money transfer player to operate in Somalia. According to the World Bank, an estimated $1.4 billion in remittances…
BIGG’s Blockchain Intelligence Group launches Bitcoin cash on QLUE forensics platform
VANCOUVER: BIGG Digital Assets Inc., owner of Blockchain Intelligence Group, announced that Bitcoin Cash (BCH) has been launched as part of QLUE Release v1.16 (https://qlue.io/). QLUE also supports BTC, ETH, ERC20 and LTC. Bitcoin went through a hard fork in July 2017 which in turn created Bitcoin Cash. There was suddenly a mirror image of…
Frasers Centrepoint to acquire additional 12% interest in AsiaRetail Fund for S$197.2 million
SINGAPORE: Frasers Centrepoint Asset Management Ltd. as the manager of Frasers Centrepoint Trust (FCT), announced that FCT Holdings (Sigma) Pte. Ltd., a wholly owned subsidiary of FCT, has exercised its rights of pre-emption under the Bye-laws of PGIM Real Estate AsiaRetail Fund Limited (ARF) to acquire an aggregate of 12.07% of the capital in ARF…
Scanship awarded a 7.8 million-euro contract with major European shipbuilder
OSLO: Vow ASA has through its subsidiary Scanship AS been awarded a 7.8-million-euro cruise newbuild contract for the delivery of its advanced technologies for wastewater purification, garbage handling and food waste processing. The Scanship systems will be installed on two mega sized cruise ships entering service in 2026 and 2027, being part of an ongoing…