SYDNEY: Splitit Payments Ltd., a global payment solutions provider, has signed a multi-year agreement with global payments technology company, Mastercard Incorporated to accelerate the adoption of Splitit’s installment solution around the world. Splitit mentioned the agreement is for an initial five (5) year term. Either party can terminate the agreement at the end of the…
Illumina acquires BlueBee to accelerate processing, analysis and sharing of next generation sequencing data
SAN DIEGO: Illumina Inc. is enhancing its capabilities to analyze and interpret the data produced by its sequencing systems with the acquisition of BlueBee, a cloud-based software company that provides genomics analysis solutions for research and clinical customers. Based in the Netherlands, BlueBee has developed a regulatory compliant, secure cloud platform that simplifies access to…
Wizz Air announces new bases in Germany, Romania, Russia
GENEVA: Wizz Air Holdings Plc, the largest low-cost airline in Central and Eastern Europe, announced that it will open three new bases in Germany, Romania and Russia and expand its existing base in Belgrade, Serbia, deploying seven aircraft and launching 44 new routes to: – Bacău, Romania: two based aircraft, 12 new routes – Belgrade,…
UK’s FCA to make mini-bond marketing ban permanent
LONDON: The UK Financial Conduct Authority (FCA) has announced proposals to make permanent its ban on the mass-marketing of speculative illiquid securities, including speculative mini-bonds, to retail investors. The FCA introduced the ban without consultation in January following concerns that speculative mini-bonds were being promoted to retail investors who neither understood the risks involved, nor…
TP Group secures €18mn work orders from European Space Agency
LONDON: TP Group, , the provider of mission-critical solutions for a more secure world, confirmed that its subsidiary Sapienza Consulting has received a series of work orders under its framework contract with the European Space Agency (ESA), the extension of which was announced on 24 March 2020. The work orders, worth approximately €18 million, cover…
Coca-Cola HBC CFO to step down in the first quarter of 2021
ZUG, SWITZERLAND: Coca-Cola HBC AG announced that Michalis Imellos, Chief Financial Officer, has informed the Company of his intention to step down from the role at the end of the first quarter of 2021. Imellos will continue in his role until his successor has been appointed and then remain with the Company during a transition…
Wincanton secures significant additional contract with Morrisons
LONDON: Wincanton plc, the largest British third-party logistics company, has successfully extended its relationship with Morrison Supermarkets PLC. Morrisons has awarded Wincanton the management of their transport and VMU operations at Willow Green, Bridgwater, which will commence later this year. This substantial contract extension will involve the TUPE transfer of over 250 colleagues from the…
Superdry takes back full control of its brand in China
LONDON: Superdry Plc announced that following a review of its long-term business plan for its operations in China, it will be taking back full control of the Superdry brand in China. It has reached an amicable agreement with its current local partner Trendy International to exit their joint venture, Trendy and Superdry Holding Limited. This…
Federated Wireless partners with AWS to enable new edge computing and data transfer
SEATTLE: Amazon Web Services Inc. (AWS), an Amazon.com company, announced AWS Snowcone, a new small, ultra-portable, rugged, and secure edge computing and data transfer device. AWS Snowcone is the smallest member of the AWS Snow Family of devices, enabling customers to collect data, process it locally, and move it to AWS either offline (by shipping…
Tesco agrees sale of business in Poland for £181m
LONDON: Tesco Plc announced the sale of its business in Poland to Salling Group A/S. The transaction, which is subject to antitrust approval, includes the sale of 301 stores together with the associated distribution centres and head office. Commenting on the sale, Dave Lewis, Chief Executive of Tesco, said: “We have seen significant progress in…
Euronext launches suite of ESG products and services to empower sustainable growth
PARIS, FRANCE: Euronext has announced the launch of a new suite of ESG-focused products, services and initiatives, designed to provide a robust framework of tools for European capital markets to fuel sustainable growth. Euronext has partnered with Vigeo Eiris Moody’s to design a new ESG index, the Euronext Eurozone ESG Large 80, which tracks the Eurozone’s…
TransCanna expands distribution into the Los Angeles market
VANCOUVER: TransCanna Holdings Inc. announced through its wholly-owned subsidiary Lyfted Farms Inc. an Inventory and Product Agreement with Cali Plug UHCC for its highly anticipated inaugural retail location. Cali Plug was founded in 2006 and is a significant influencer in the cannabis space, with approximately 200,000 Instagram followers. July 2020 is the target date for…