HONG KONG: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Marble Reinsurance Corporation. The outlook of these Credit Ratings is stable. The ratings reflect Marble Re’s balance sheet strength, which AM Best categorizes as strong, as well as its strong operating performance, neutral…
PipeHawk acquires Wessex Precision Instruments Limited
LONDON: PipeHawk Plc has acquired the entire issued share capital of Wessex Precision Instruments Limited for a consideration of £1. Wessex produces and sells a range of equipment for testing the slip resistance characteristics of aggregates used in public areas, including in supermarkets and around swimming pools. The Board believes that the Wessex business presents…
Costain Group joint venture selected by Southern Water as AMP7 Partner
LONDON: Costain Group, the smart infrastructure solutions company, and its existing joint venture partner MWH Treatment, have been selected by Southern Water to extend the AMP6 contract as part of the water company’s AMP7 investment programme. Under the extended contract the joint venture will bring together its consultancy, design, digital, construction and commissioning expertise to…
Sativa Group gets Controlled Drug Licence
LONDON: Sativa Group’s wholly owned subsidiary Sativa Cultivation and Extraction Ltd, has been awarded a Controlled Drug licence for cannabis (with THC content of greater than 0.2%) cultivation, production, possession and supply, at its Somerset headquarters, by the UK Home Office. Sativa Group is the UK’s leading quoted CBD wellness and medicinal cannabis Group. The…
Good Energy launches EV charging for UK businesses
LONDON: Good Energy Group, the 100% renewable electricity supplier and innovative energy services provider, has launched One Point, a new electric vehicle (EV) charging offering for UK businesses alongside the first pilot of the scheme with Watergate Bay Hotel in Cornwall. The electric vehicle (EV) market is currently fragmented and complex, but it will soon…
US Solar Fund enters exclusivity to acquire operational solar portfolio in North Carolina
NEW YORK: US Solar Fund (USF) has entered exclusivity with Greenbacker Renewable Energy Corporation, a leading investor and product sponsor focusing on income-producing renewable energy projects, to acquire an approximately 39MWDC operating utility-scale solar power portfolio consisting of eight projects located in North Carolina. In keeping with the Company’s investment policy, all projects have long-term…
Rex announces offshore oil and gas discovery in Norwegian Sea
SINGAPORE: Rex International Holding Limited, a technology-driven oil company, has announced that the operator, PGNiG Upstream Norway has completed drilling of an exploration well and an appraisal well on the Shrek prospect in the Norwegian Sea licence as an oil and gas discovery. PGNiG’s preliminary estimates place the size of the discovery between 3 and…
SGX signs MoU with Singapore Institute of Surveyors and Valuers
SINGAPORE: Singapore Exchange Regulation (SGX RegCo) has entered into a memorandum of understanding (MOU) with Singapore Institute of Surveyors and Valuers (SISV) to enhance standards of valuations of real estate and land, a news release said. Under the terms of the MOU, SGX RegCo may seek SISV’s advice on any concerns about property valuation reports…
First Dubai International VAPE EXPO scheduled for March 2020
DUBAI –Knowledge Bylanes — Vape expo organizer Way Joy today announced that the first Dubai International VAPE EXPO has been scheduled for March 18 to 20, 2020, and will be held at Festival Arena By InterContinental, Al Badiya, Dubai Festival City. The EXPO will be special for business groups on March 18 and 19, and…
LSE launches Global Equity Segment for trading in international securities
LONDON: London Stock Exchange Group (LSEG) today announced the launch of the Global Equity Segment (GES) on London Stock Exchange plc, following the completion of its first trade, a press release said. The Global Equity Segment will offer trading in 95 international securities including US blue chips and Chinese ADRs on the MTF (MIC code…
CLS Holdings completes acquisition of Pacific House in Reading
LONDON, UK: CLS Holdings announces that it has completed the acquisition of Pacific House in Reading, a 57,086 sq. ft (5,303 sqm) multi-let office building, for £14.9 million excluding costs. The acquisition has a net initial yield of 7.3%. The building, which is located to the south of Reading, is 92% let to 7 tenants…
Thor Mining commences drilling at the Bonya tungsten deposits
LONDON: The Board of Thor Mining Plc has announce commencement of the second drilling program at the Bonya tungsten deposits adjacent to its key 100%-owned Molyhil tungsten and molybdenum project, in the Northern Territory of Australia. The Bonya project is held in joint venture with Arafura Resources Limited, with both parties contributing to the cost…