LONDON: Corero Network Security plc announced the appointment of Lionel Chmilewsky as an Executive Director and CEO Designate of the Company with effect from 1 May 2020. It is intended that Lionel will be appointed Chief Executive Officer of the Company on 1 July 2020, at which point Ashley Stephenson, Corero’s current Chief Executive Officer,…
Empire Metals to acquire 41% stake in Munni Munni Palladium Project in Australia
SYDNEY: Empire Metals Limited has entered into a Binding Heads of Agreement with ASX listed Artemis Resources Limited to acquire a 41% interest in the Munni Munni Palladium Project in the West Pilbara, Western Australia and has first right of refusal on a further 29% interest in the project. Mike Struthers, CEO, said: “This acquisition…
El Corte Inglés completes the sale of Iecisa to French group Gfi
MADRID: El Corte Inglés and the Gfi Group have completed a deal for Gfi to acquire 100% of the shares of Informática El Corte Inglés (Iecisa). After receiving the pertinent approval by competition authorities and the green light from the Spanish government, the El Corte Inglés board of directors authorised the sale. Gfi, which acquires…
BP confirms commitment to completing sale of Alaska business to Hilcorp
LONDON: The British Petroleum Company (BP) today confirmed its commitment to completing the sale of its Alaska business to Hilcorp, first announced in August 2019. Subject to regulatory approvals, the parties expect to complete the transaction in June 2020. Reflecting recent significant market volatility and oil price falls, BP and Hilcorp have successfully renegotiated the…
Fuel50 launches FuelMarketplace to support talent redeployment and workforce agility
LONDON: Fuel50, creator of the world’s fastest-growing talent experience platform, announced the launch of FuelMarketplace, an internal talent mobility tool that supports organizations in redeployment, restructuring and workforce agility to meet rapidly changing business demands. Powered by Fuel50’s fully-automated career framework and AI engine, FuelMarketplace is designed to bring flexibility to an organization’s talent strategy…
EuroLife Brands to acquire chain of stores operating HANF Hemp stores
TORONTO: EuroLife Brands, a vertically integrated enterprise focused on the pan-European health and wellness sector, has entered into a Letter of Intent (“LOI”) to acquire 100% of the issued and outstanding securities of CWE European Holdings Inc. (“HANF”), a Canadian Corporation, which owns and operates HANF Hemp stores in Germany and Luxembourg. HANF, is operating…
Porsche Norway choose Cloud Explorers to deliver their platform for insight and analysis
OSLO, NORWAY: Cloud Explorers will deliver the PRISM platform in a SaaS format to Porsche Norge Autozentrum Sport AS. Cloud Explorers, a daughter company of SpectrumOne, today confirmed receipt of a signed contract from its newest client, Porsche Norge Autozentrum Sport AS in Oslo, for use of the PRISM platform along with market data. Autozentrum…
SGX reports 3Q FY2020 net profit of S$138 million
SINGAPORE: Singapore Exchange (SGX) has reported 3Q FY2020 net profit of S$137.5 million with revenues of S$295.8 million. EBITDA stood at S$186.2 million, while earnings per share was 12.8 cents. The Board of Directors has declared a dividend of 7.5 cents per share, payable on 13 May 2020. Loh Boon Chye, Chief Executive Officer of…
SDX Energy announces successful flow rate test at Sobhi discovery well in Egypt
LONDON: SDX Energy Plc, the MENA-focused oil and gas company, provides an update on well-testing operations at the SD-12X (“Sobhi”; SDX 100% working interest) discovery well in the South Disouq Exploration Permit onshore Nile Delta, Egypt (SDX 55% working interest). The drill stem test (DST) at the Sobhi well began with a step-rate test of…
Steve Francis appointed Chief Executive Officer of SIG Plc
LONDON: SIG plc, a leading supplier of specialist building materials to trade customers across Europe, has announced the appointment of Steve Francis as Chief Executive Officer (CEO). This permanent appointment results from a search process that commenced in December 2019 and follows the announcement on 25 February 2020 that Steve would be CEO on an…
Fastjet announces sale of Embraer Aircraft to Solenta Aviation
LONDON: fastjet Plc, the low-cost African airline, today provides details of a historical creditor agreement entered into with Solenta Aviation (Pty) Limited involving the sale of one of the Company’s Embraer 145 aircraft for a consideration of US$2.2 million. fastjet Zimbabwe, a subsidiary of the Company, owed monies to Solenta relating to the maintenance and…
Lucyd expands online presence to Walmart.com
LONDON: Lucyd Ltd, the developer of smartglasses and an eShop for advanced eyewear, is expanding its online presence to Walmart.com and other new platforms, in addition to its presence on Amazon. Lucyd is wholly owned portfolio company of Tekcapital Plc, the UK intellectual property (IP) investment group focused on creating marketplace value from investing in…