LONDON, UK: Playtech plc has signed a long-term structured agreement with Aquila Global Group SAS (Wplay), the operator of Wplay, Colombia’s leading gaming and betting brand. Under the agreement Playtech will become Wplay’s strategic technology partner delivering its omni-channel products together with operational and marketing services across the leading brand’s retail and online operations. The…
Angling Direct awarded at the Norfolk Business Awards 2019
LONDON: Angling Direct plc was named winner of the Outstanding Achievement Award at the Norfolk Business Awards, held on Thursday 21 November at the Norfolk Showground Arena. Angling Direct is the UK’s largest and fastest growing fishing tackle and equipment retailer. The prestigious event, organised annually by the Eastern Daily Press, is the highlight of…
Buddy Technologies enters into agreement to license its Powered by LIFX platform to Eastfield Lighting, Hong Kong
ADELAIDE, AUSTRALIA: Buddy Technologies Limited, a leader in IoT and cloud-based solutions, has entered into an agreement to license its Powered by LIFX platform to Eastfield Lighting (Hong Kong) Co., Limited. The agreement is a non-exclusive 10 year multi-product licensing agreement to build LIFX-compatible smart lights that contemplates a minimum of an initial 500,000 licenses…
Rimfire commences 2nd phase of drilling
AUCKLAND: Rimfire Pacific Mining NL notified that the next phase of discovery activity for Southern Area will start imminently. The Phase 2 drilling program in the Southern Area will focus on obtaining rock samples from below transported soil cover to test for anomalous geochemistry on a range of magnetic geophysical targets where there has been…
Mark Allan to be next CEO of Land Securities Group
LONDON: Land Securities Group announced that Mark Allan is to be appointed as its next Chief Executive Officer (CEO). Mark Allan is currently Chief Executive Officer of St Modwen Properties Plc, a role he has held since 1 November 2016. He joined St Modwen Properties Plc from The Unite Group plc, where he was CEO…
AM Best affirms credit ratings of Folgate Insurance with stable outlook
LONDON, UK: AM Best has affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bb+” of Folgate Insurance Company Limited. The outlook of these ratings is stable. The ratings reflect Folgate’s balance sheet strength, which AM Best categorises as adequate, as well as its adequate operating…
PIA adds two Airbus A320 in its fleet
KARACHI: Pakistan International Airlines (PIA) has acquired two Airbus A320 aircraft on dry lease from ALAFCO Aviation Lease and Finance Company. The first aircraft reached Karachi on Thursday morning while the second A320 will be delivered to PIA by end of this year. CEO PIA Air Marshal Arshad Malik, Chief Operating Officer Aijaz Mazhar, Chief…
InfraStrata signs Memorandum of Understanding with Navantia of Spain
LONDON: InfraStrata plc has entered into a Memorandum of Understanding (MoU) with Navantia S.A., S.M.E., the Spanish shipbuilding company. This MoU is the first step towards formalising a Teaming Agreement with Navantia, under which, both companies will work together on a multitude of infrastructure and marine projects to take them to commercial fruition. InfraStrata is…
Karen O’Neill appointed Managing Director of Kingsrose Mining
SUBIACO: Kingsrose Mining notified that Chief Executive Officer Karen O’Neill has been appointed Managing Director, effective immediately. Ms O’Neill has more than 20 years’ operational and executive experience across mining, investment banking and professional services. She was appointed Chief Executive Officer in May this year. Since then, Ms O’Neill has led a commercially focused operations…
Energean Israel signs gas sale agreement with MRC
LONDON: Energean Oil and Gas plc announced that Energean Israel and MRC Alon Tavor Ltd. have signed a Gas Sales and Purchase Agreement (GSPA) for the sale of approximately 0.5 Bcm/yr, or up to 8 Bcm over the term of the contract. Supply will commence at Karish first gas and the contract term is for…
Veris Limited sells Elton Consulting for $13mn
MELBOURNE: Veris Limited has sold Elton Consulting Pty Ltd to WSP Australia Pty Limited for $13million. The sale of Elton will result in a significant reduction in net debt and a cash injection that will significantly strengthen Veris’ balance sheet allowing the company to focus on growth opportunities within its core business Veris Australia, and…
Breedon to form joint venture with Robert Brett & Sons Limited
LONDON: Breedon Southern Limited announced plans to form a joint venture in London trading as Capital Concrete Limited, with Robert Brett & Sons Limited and the Capital Concrete senior management. Three of Breedon’s existing ready-mixed concrete assets will be combined with those of Capital Concrete, Brett’s established ready-mixed concrete operation in London. The enlarged business,…