LONDON: For April and May, the International Cons Airlines Group (IAG) plans to reduce capacity by at least 75 percent compared to the same period in 2019. The rapid spread of COVID-19, and associated government travel restrictions and advisories are having a significant and increasingly negative impact on the demand for global air traffic on…
Stanmore Coal Limited appoints Craig McCabe as CEO of the company
BRISBANE: The Board of Stanmore Coal Limited announced the appointment of Craig McCabe as CEO of the Company, commencing on 1 April 2020. McCabe worked in a range of operational and leadership roles within Wesfarmers Limited between 2008 and 2019, including as CEO of Wesfarmers Resources from August 2017 to December 2019 with responsibility for…
CopterPIX PRO to purchase additional Halo units for integration with their drone platforms
MELBOURNE, AUSTRALIA: Elsight Limited, developer of advanced communication technologies, broadened a Proof-of-Concept (POC) field trial with autonomous drone manufacturer and innovator CopterPIX PRO. Following one month of intensive and successful POC test flights with using Halo, CopterPIX PRO has elected to expand the ongoing Halo POC and purchase an additional 6 Halo units for integration…
MRG secures $15m deal with major Australian supermarket retailer
SYDNEY: Murray River Organics Group Limited (MRG) has secured two new contracts with a major Australian supermarket retailer worth approximately $15 million over two years. MRG has been focused on growing its relationships in the Australian retail market and this new deal is a key milestone in achieving the new strategy launched in 2019. MRG’s…
ASX supports ASIC’s steps to ensure equity market resiliency
PERTH: Australian Securities Exchange (ASX) supports the steps Australian Securities and Investments Commission (ASIC) has announced to ensure stability and resiliency across the industry. ASX Managing Director and CEO Dominic Stevens said: “The action is sensible and measured. Recent trading volumes on both ASX and Chi-X have been unprecedented. This has presented operational challenges for…
Singapore Exchange rolls out S$5mn care package to provide support amid COVID-19
SINGAPORE: As part of broader efforts to reinforce Singapore’s resilience as global marketplace, Singapore Exchange (SGX) has rolled out S$5 million care package to provide support and relief measures amid the COVID-19 outbreak. To be given out over a period of 12 months, the SGX Care Package comprises a S$1.5 million contribution to national healthcare-support…
TGS and Fairfield to acquire new high-resolution 3d seismic survey in Delaware Basin
ASKER, NORWAY: TGS and Fairfield Geotechnologies have agreed to acquire a new multi-client survey within the previously announced Area of Mutual Interest (AMI) established between the two companies in June 2018. TGS provides multi-client geoscience data to oil and gas exploration and production companies worldwide. In addition to extensive global geophysical and geological data libraries…
Increased sales demand from China in response to COVID-19
BEIJING: LiDCO, a leading supplier of hemodynamic monitoring company, announced that its Chinese distribution partner Beijing Gloryway Medical Company recently sold a small number of monitors in Wuhan, China as a direct response to the COVID-19 virus outbreak. A number of LiDCOrapid monitors had already been installed in the city prior to the COVID-19 outbreak….
Marlowe acquires MOH for £3 million
LONDON: Marlowe plc, the services group focused on developing companies which assure safety and regulatory compliance, has acquired Managed Occupational Health Limited (MOH), for an enterprise value of up to £3 million. Established in 2004 and headquartered in Norwich, MOH is a leading national provider of occupational health services. MOH employs approximately 70 staff, including…
Bunzl acquires UK based safety business Bodyguard Workwear
LONDON: Bunzl plc, the specialist international distribution and services Group, has acquired a further safety business in the UK. Bodyguard Workwear, which is based in Birmingham, is engaged in the distribution of safety workwear and other personal protection equipment, principally to end user customers operating in the rail sectors in the UK and Ireland. Revenue…
Ben Verwaayen appointed Non-Executive Chairman of Renewi
LONDON: Following Colin Matthews’ decision to step down as Chairman, Renewi Group has appointed Ben Verwaayen as Non-Executive Chairman. Ben will join the Board and succeed Colin as Chairman with effect from 1 April 2020. Ben Verwaayen has been CEO for a number of companies, including Alcatel-Lucent SA and BT plc. He held the position…
Euromoney owns Fastmarkets, with the acquisition of Census Commodity Data
LONDON: Euromoney Institutional Investor PLC, the international information services provider of essential information to global and specialist markets, announced the acquisition of 100% of Census Commodity Data, primarily operating through its brand AgriCensus and serving as a Price Reporting Agency (PRA) for the global agricultural commodity markets. Founded in 2017, AgriCensus is a small investment-stage…