LONDON: DeepMatter Group Plc, company focusing on digitising chemistry, has announced collaboration with the University of Nottingham’s School of Chemistry, to explore the benefits of the DigitalGlassware™ platform in data capture and analysis within undergraduate chemistry teaching. The project, “‘Data led synthesis: an undergraduate project in chemical optimisation” will see undergraduate students performing a series…
Engro Elengy signs agreement to expand LNG terminal’s capacity by 150mmcfd
KARACHI: Engro Elengy Terminal (EETL) has signed heads of agreement (HOA) with Excelerate and with Shell for the expansion of the Elengy Terminal in Port Qasim, CEO of Engro Elengy Jahangir Paracha. The current FSRU will be replaced by a new build vessel before the winters of 2020, increasing EETL’s send-out capability by over 150…
Yourgene’s Health gets approval to sell the chemotoxicity diagnostic assay in Australia
MANCHESTER: Yourgene Health, an international molecular diagnostics group, announced that its chemotoxicity diagnostics assay – Elucigene DPYD – which tests to identify cancer patients at risk of lethal side effects from chemotherapy, has been approved for sale in Australia by the Therapeutic Goods Administration (TGA) as an IVD (in vitro diagnostic). The TGA is the…
Knights Group acquires Fraser Brown Solicitors for £8.28 million
LONDON: UK’s fastest growing legal and professional services businesses, Knights Group Holdings, announced the exchange of contracts to acquire Fraser Brown Solicitors, a full-service law firm in Nottingham for a total consideration of £8.28 million. This acquisition strengthens the Company’s presence in the East Midlands, in line with the Group’s strategy to accelerate its organic…
ASX Limited posts 1.8% growth in net profits to $250.4mn
SYDNEY: Australia Securities Exchange (ASX Limited) has posted strong earnings growth for the half-year ended December 31, 2019 as the operating revenues surged 7.1% to $454.9 million and net profit after tax clocked in at $250.4 million, up 1.8%. Core activity plus strategic initiatives drove higher shareholder returns – interim dividend up 1.7% to 116.4…
SGX RegCo uses AI to enhance surveillance activities
SINGAPORE: Singapore Exchange Regulation (SGX RegCo) is making its surveillance and regulation of the securities market more targeted and effective with the application of artificial intelligence (AI) enhancements to its real-time monitoring system. The introduction of AI can help to better isolate unusual activity, by learning from historical trading patterns and filtering out noise caused…
Leisure facilities provider SATS’ revenue grow 21.3% to NOK1.036bn in 2019
OSLO: SATS ASA, provides leisure facilities offering physical exercise and training for men and women in Norway, delivered a solid fourth quarter with member base growing by 20.9 percent to 687,000 and revenue rising by 21.3 per cent to NOK 1.036 billion during 2019. The Company shows solid margin expansion, both in the fourth quarter…
New India Assurance Company outlook downgraded to negative
SINGAPORE: Insurance sector rating agency AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of New India Assurance Company Limited. These ratings reflect New India’s balance sheet strength, which AM Best categorizes as very strong, as well…
Carlos de Sousa appointed CEO of Ultimovacs ASA
OSLO: Ultimovacs ASA, a pharmaceutical company developing novel immunotherapies against cancer, announces that Carlos de Sousa, MD, has been appointed as the new Chief Executive Officer. Dr. de Sousa joins Ultimovacs as a seasoned industry executive with 30 years of experience ranging from leadership positions at international pharmaceutical companies such as Pfizer, Novartis and Nycomed/Takeda,…
Polar Capital to acquire Pierre Py and Greg Herr led equity team
LONDON: Polar Capital Holdings has reached agreement to acquire from Los Angeles based asset manager First Pacific Advisors its International Value and World Value equity team led by Pierre Py and Greg Herr. Polar Capital and the Managers share common philosophies, being specialist, investment-led active fund managers. Polar Capital offers the team a platform from…
Gareth Samples appointed CEO Designate of The Property Franchise Group
LONDON: The Property Franchise Group, one of the UK’s largest property franchises, announced the appointment of Gareth Samples as Chief Executive Officer Designate, further to the announcement on 31 July 2019 that Ian Wilson intends to retire in 2020. It is proposed that Gareth will join the board of TPFG as Chief Executive Officer in…
Al Salam Bank reports 14% growth in net profit to BD 21.1 million in 2019
MANAMA, BAHRAIN: Al Salam Bank-Bahrain reported a net profit attributable to shareholders of BD 4 million in the fourth quarter of 2019 compared to BD 5 million in the fourth quarter of 2018, a variance of 20% and a corresponding earnings per share at 1.8 fils compared with 2.3 fils per share for the same…