HELSINKI: Denmark based Nordea Bank has announced that Nina Arkilahti will join Nordea as Head of Business Banking and become a member of the Group Leadership Team. Nina Arkilahti, 52, served as Country Head of Handelsbanken Finland from 2010 to 2020. Prior to that she held several senior management roles at Handelsbanken, including the position…
Tclarke signs exclusive deal with smart building services provider Gooee
LONDON: TClarke plc, the Building Services Group, has signed a 5 year UK exclusive agreement with Gooee to sell, install and maintain the revolutionary Gooee suite of smart building products. As part of this agreement, TClarke has made a small but strategic investment in Gooee. Gooee is an interoperable, smart buildings solution that connects and…
Derwent London to acquire freehold interest in Blue Star House for £38.1 million
LONDON: Derwent London has exchanged contracts to acquire the freehold interest in Blue Star House, 234-244 Stockwell Road, Brixton SW9 for £38.1 million before costs. The 53,750 sq ft eleven-storey building comprises multi-let office space, including two vacant floors, with restaurant and leisure accommodation at ground/podium level. The rent on acquisition is £0.8 million, equating…
PPHE to develop a new city centre hotel in Zagreb, Croatia
LONDON: PPHE Hotel Group has announced its plans to develop a new city centre hotel in Zagreb, Croatia, through its subsidiary Arena Hospitality Group d.d. PPHE Hotel Group is an international hospitality real estate company, with a £1.7 billion portfolio, valued as at summer of 2018 by Savills and Zagreb nekretnine Ltd (ZANE), of primarily…
Abcam acquires gene editing platform and oncology product portfolio of Applied StemCell
LONDON: Abcam Plc has announced the asset purchase of the gene editing platform and oncology product portfolio of Applied StemCell, Inc. (ASC) for life science research and diagnostic markets. As a global life sciences company, Abcam identifies, develops, and distributes high-quality biological reagents and tools that are crucial to research, drug discovery and diagnostics. Over…
Zenith Energy forms subsidiary in Norway to bid in future licensing round
LONDON: Zenith Energy Ltd., an international oil & gas production company, has announced the establishment of its fully owned Norwegian subsidiary, Zenith Energy AS (Zenith Norway). As announced on December 9, 2019, Zenith intends to use Zenith Norway as a vehicle for intended participation in future licensing bids to be organised by the Norwegian Ministry…
Walker Greenbank’s Sanderson collaborates with National Trust
LONDON: Walker Greenbank PLC, the luxury interior furnishings group, announced that its Sanderson brand is collaborating with the National Trust to create a unique collection of fabrics that celebrate the countryside, coastline and nature conservation. The collaboration brings together Sanderson, whose floral themes are inspired by nature and the English countryside, with Europe’s largest conservation…
Saracen Minerals sells entire shareholding in Red 5 for A$39mn
SYDNEY: Saracen Mineral Holdings has sold its 10.5% interest in Red 5 Limited for approximately A$39 million. The sale was completed at A30c per share via book build process before the ASX market open on 30th January 2020. Saracen Managing Director Raleigh Finlayson said the proceeds of the sale would be used to pay down debt…
Royal Dutch Shell announces $1.0 billion share buyback programme
LONDON: Royal Dutch Shell has announces the commencement of trading in the next tranche of its share buyback programme previously announced on July 26, 2018. In the next tranche, the company has entered into an irrevocable, non-discretionary arrangement with a broker to enable the purchase of A ordinary shares and/or B ordinary shares for a…
Nasdaq’s net revenues surge to $2.535bn in 2019
NEW YORK: Nasdaq, Inc. has net revenues of $2.535 billion for the full year 2019, an increase of $9 million from $2,526 million in the prior year. The full year increase in net revenues included a $112 million positive impact from organic growth in the non-trading segments, partially offset by a $29 million organic decrease…
Moody’s assigns an A2 IFS Rating to Oman Insurance
DUBAI: Moody’s Investor Services has assigned an A2 Insurance Financial Strength (IFS) rating to Oman Insurance Company citing its outlook as ‘Stable’. Moody’s, alongside S&P, is the largest credit rating agency worldwide. According to Moody’s, this rating reflects Oman Insurance Company’s strong market position and franchise in the Middle East region, well diversified business profile…
British government allows Huawei in its 5G roll-out
BEIJING: Victor Zhang, Vice President at Huawei, has made the following statement: “Huawei is reassured by the UK government’s confirmation that we can continue working with our customers to keep the 5G roll-out on track. “This evidence-based decision will result in a more advanced, more secure and more cost-effective telecoms infrastructure that is fit for…