KARACHI: International Trade Fair for home textiles, floor coverings and interior furnishings, Heimtextil Russia 2019 will celebrate its 21st edition in Moscow on September 17 – 19, 2019. As many as six Pakistani companies will participate at Heimtextil Russia being held from 17 – 19 September, 2019 under Trade Development Authority of Pakistan (TDAP) Pavilion….
Anglo American appoints Goldman Sachs
LONDON: Anglo American Plc has appointed Goldman Sachs in connection with its previously announced $1 billion share buyback programme Further to the announcement on 25 July 2019 in respect of the commencement of a share buyback programme of up to $1 billion, Anglo American plc announced that it has now entered into an agreement with…
SPDI completes sale of assets in Greece
LONDON: Secure Property Development & Investment (SPDI), the South Eastern European focused property company, announced the completion of the sale of its Victini Logistics property in Greece to Brook Lane Capital. As announced on 9 July 2019, the Company agreed to sell Victini at a deemed valuation of €12.5 million, including €10.3 million of debt,…
London Southend Airport signs agreement with Wizz Air
LONDON: Stobart Group, the aviation, energy and civil engineering group, announced a new partnership with the largest low-cost airline in Central and Eastern Europe, Wizz Air. From Thursday 22 August 2019, Wizz Air will put on sale three new routes from London Southend Airport to Bucharest (Romania), Sibiu (Romania), and Vilnius (Lithuania). Wizz Air will…
Strategic diamond licences extended in the Botswanan Lalahari
LONDON: Botswana Diamonds reported that Prospecting Licences PL232 and PL235, held by the Company’s wholly-owned subsidiary Sunland Minerals (Pty) Limited, have been renewed for an additional two years to 30 September 2021. These key licences, covering just over 500sq kms, are strategically located in the central Kalahari Desert west of the Ghaghoo diamond mine. Botswana…
Tlou Energy announces Lesedi pods achieve sustained gas flows
LONDON: Tlou Energy Limited, company focused on delivering power in Botswana and southern Africa through the development of coal bed methane (CBM), announced that sustained gas flow rates have been achieved at both the Lesedi 3 and Lesedi 4 production pods. Lesedi 3 and 4 have each achieved an initial sustained gas flow of approximately…
Stephen Wilson appointed Chief Executive of Genus Plc
LONDON: Genus plc, an animal genetics company, announced that Stephen Wilson, currently Group Finance Director, has been appointed by the Board as Chief Executive with effect from the close of business on 13 September 2019. This follows the announcement of 25 March 2019 that Karim Bitar will be stepping down from the Board and taking…
DP World’s earnings grow by 27% in first half of 2019
DUBAI, UAE: Global trade enabler DP World PLC announced strong financial results for the six months to 30 June 2019 with reported adjusted EBITDA and attributable earnings growth of 21.9% and 26.8% respectively. DP World posted revenue of $3.463 billion, a growth of 31.9% supported by acquisitions and growth in non-containerized revenue. Adjusted EBITDA grew…
Metalloinvest signs agreement with 12 banks for receiving ECA backed financing
MOSCOW: Metalloinvest Finance, a leading global iron ore and HBI producer and supplier and one of the regional producers of high-quality steel, announced the signing of a framework agreement with 12 banks for executing deals under ECA backed financing, a release issued to London Stock Exchange noted. In line with Metalloinvest’s Debt Management Strategy, the…
Nokia appoints Gabriela Sjöman as Chief Strategy Officer, member Group Leadership Team
FINLAND: Nokia Corporation has appointed Gabriela Styf Sjöman as Chief Strategy Officer and member of the Group Leadership team, effective December 1, 2019. Gabriela will be based in Espoo, Finland and will report to President and Chief Executive Officer, Rajeev Suri. Gabriela succeeds Kathrin Buvac as Chief Strategy Officer, who continues in the role of…
Liberty Mutual Insurance finalizes sale of Pembroke and Ironshore Europe businesses to Hamilton
HAMILTON: Hamilton Insurance Group has completed its acquisition of Pembroke Managing Agency Limited and its platform at Lloyd’s, as well as Dublin-based carrier, Ironshore Europe DAC from Liberty Mutual Group Inc. The transaction, which follows the signing of a definitive agreement on March 14, 2019 between Hamilton and Liberty, closed after the receipt of necessary…
Experian Plc acquires Look Who’s Charging
LONDON: Experian, the global information services company, has acquired Look Who’s Charging Pty Ltd (LWC). LWC is the leading provider of transaction enrichment and categorisation technology to banks in Australia. LWC’s service is used to make banking smoother and more straightforward for bank customers. LWC’s data is integrated directly into a bank’s digital platforms providing…