LONDON: The Board of Close Brothers Group plc announced that Adrian Sainsbury has been selected to succeed Preben Prebensen as Chief Executive. Adrian will take up the new position, and become an Executive Director of the group, with effect from 21 September 2020. Adrian has been Managing Director of Close Brothers’ Banking division and a…
Martin Glenn appointed Chairman of Chapel Down Group
LONDON: Chapel Down Group plc, the English wine and drinks producer, announced the appointment of Martin Glenn as Chairman. Martin succeeds John Dunsmore who has chaired the Company for the last six years. Martin will take over on 1 July 2020 after the Company’s AGM on 30 June 2020. Martin Glenn, Chairman designate, commented: “I’m…
Latitude Consolidated Limited signs binding agreement to acquire Skye Gold Project
SYDNEY: Latitude Consolidated Limited has signed a binding option agreement to acquire a 100% legal and beneficial interest in South Australian Exploration Licence Application ELA2019/128 (Tenement), known as the Skye Gold Project. The Skye Gold Project is located in the Gawler Craton, South Australia in a proven million-ounce terrain some 700km northwest of Adelaide. The…
Skykraft and XTEK awarded Australian Space Agency grant
PERTH: XTEK Limited and Skykraft Pty Ltd announced the award of an Australian Space Agency (ASA) Grant for the development of a SmallSats constellation launch stack. Skykraft, in conjunction with project partner XTEK, have been awarded the Australian Space Agency’s International Space Investment: Expand Capability grant that will fully fund the design and qualify a…
PotlatchDeltic agrees to sell 72,000 acres in Minnesota to the Conservation Fund for $48mn
SPOKANE: PotlatchDeltic Corporation announced an agreement to sell approximately 72,000 acres in Minnesota to The Conservation Fund for approximately $48 million in cash. The transaction is subject to customary closing conditions and is expected to close in the second half of 2020. “This transaction represents a significant milestone in our long-term strategy to maximize shareholder…
Milaha reorganizes to focus on core business growth
DOHA: Milaha, a Qatari Public Shareholding Company with the diversity to deliver seamlessly integrated transport and supply chain solutions, has announced a reorganisation of the company. The changes are in line with Milaha’s strategy to expand services for its core customers in the marine and logistics sectors and develop local capabilities to support Qatar National…
Fitch reaffirms GFH Financial Group’s long-and short-term issuer default rating
DUBAI: GFH Financial Group announced Fitch Ratings, the international credit rating agency, has reaffirmed the Group’s rating Long-and Short-Term Issuer Default Rating (IDR) at ‘B’ with the outlook on the Long-Term IDR as ‘Stable’. The reaffirmation of the Group’s ratings reported by Fitch takes into account the management’s strategic objective of reshaping GFH’s business model…
Glenmark Pharmaceuticals unlocks the treatment for mild to moderate Covid-19 in India
MUMBAI: In a landmark development for COVID-19 patients in India, Glenmark Pharmaceuticals announced the launch of antiviral drug Favipiravir (brand name FabiFlu) for the treatment of mild to moderate COVID-19 patients. Glenmark has received manufacturing and marketing approval from India’s drug regulator, making FabiFlu the first oral Favipiravir-approved medication in India for the treatment of…
Halo Labs announced edibles expansion in California and Oregon
TORONTO: Halo Labs announced an update on the Company’s edibles product launch and expansion plan in California and Oregon to capitalize on segment growth. According to BDS Analytics, edibles spending in the US and Canada is forecast to grow to more than $4.1 billion by 2022. In California, ingestibles generated $44 million in sales in…
PG&E Corp achieves bankruptcy court confirmation of its plan of reorganization
SAN FRANCISCO: PG&E Corporation and Pacific Gas and Electric Company announced that the United States Bankruptcy Court for the Northern District of California has confirmed the company’s Chapter 11 Plan of Reorganization. This follows the California Public Utilities Commission’s approval of the Plan on May 28, 2020. “Today’s ruling in the Chapter 11 proceeding concludes…
Child care sector in Nova Scotia on brink of collapse
HALIFAX: Child care centres across Nova Scotia are now facing a funding crisis that threatens to undermine the viability of the entire sector. Premier McNeil told families that their child care spots would be held for them once the economy reopened. However, his government has committed to only funding half of those spots leaving child…
C-P Flexible Packaging announces acquisition of Genpak Flexible
YORK: C-P Flexible Packaging, a leading manufacturer of flexible packaging, announced the acquisition of Genpak Flexible from The Jim Pattison Group. Genpak Flexible is a leading North American supplier of compostable packaging and offers a wide range of unique, patented flexible packaging solutions. C-P Flexible Packaging is a longstanding portfolio company of First Atlantic Capital,…