LONDON: Grainger plc has agreed to forward fund a 132-home private rented sector (PRS) development in the Hallsville Quarter development at Canning Town, London for c.£55.5 million. The scheme, which also includes c.11,000 sqft commercial space, will be developed by Linkcity, with Bouygues UK the building contractor. This is the fifth PRS scheme Linkcity and…
Boku enters strategic partnership with Swisscom
LONDON: Boku Inc, the world’s leading independent direct carrier commerce company, has entered into a partnership with Swisscom to provide mobile identity verification capabilities in the Swiss market. As part of the agreement, Swisscom will connect with Boku’s global Identity platform through a single connection. The mobile identity verification provided by Boku will enable Swisscom’s…
AM Best affirms credit ratings of Hiscox Ltd and its subsidiaries
OLDWICK: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of Hiscox Insurance Company (Bermuda) Limited (Hiscox Bermuda), Hiscox Insurance Company Limited (Hisco) (United Kingdom), Hiscox Insurance Company (Guernsey) Limited (Hiscox Guernsey), Hiscox Insurance Company Inc. (HICI) (Chicago, Illinois, USA), and Lloyd’s Syndicate…
VR launches Shuttle Commander on PlayStation
LONDON, UK: VR Education announced that the Group’s latest VR showcase experience, ‘Shuttle Commander’, will launch on Sony PlayStation on Tuesday, 3 December 2019. The VR showcase experience will retail at £21.99 in the UK, €24.99 in the EU and US$24.99 in the US. Shuttle Commander is an accurate physics-based flight simulator experience, offering users…
Essentra Plc forms joint venture company in China
LONDON: Essentra plc has signed an agreement for the establishment of a new joint venture (JV) company in China, China Tobacco Essentra (Xiamen) Filters Co., Ltd. to produce specialist and next generation filters, which the JV plans to manufacture locally in a new facility in Xiamen, and will incorporate a state-of-the-art development and testing centre….
Blackbird signs multi-year deal with Bloomberg Media
NEW YORK: Blackbird plc, developer and seller of market-leading cloud video platform Blackbird, has signed a significant multi-year deal with Bloomberg Media for fast turnaround news editing and social publishing, a release said. The annual revenues from this deal will be significant for Blackbird, which operates in the fast-growing SaaS and cloud video market and…
Total Quadran starts up Hélio Boulouparis 2, largest solar power plant with energy storage in overseas France
PARIS, FRANCE: Total Quadran, a wholly owned Total subsidiary involved in the production of renewable electricity in France and its overseas territories, starts up Hélio Boulouparis 2, the largest solar power plant with energy storage in overseas France. The plant is the second tranche of the solar park which is the most extensive solar program…
Tinkoff GDRs included in MOEX Russia indices from next month
LIMASSOL: TCS Group Holding, Russia’s leading provider of online financial and lifestyle services via its Tinkoff ecosystem, announced that its depositary receipts (GDRs) will be included in MOEX Russia indices starting December 2019. The securities will be included in the MOEX Russia Index and the RTS Russia Index from 20 December 2019, according to Moscow…
Infront ASA posts 256% increase in revenue for Q3 2019
OSLO: Infront ASA, a provider of global market data, news, analytics and trading tools, announced group revenue of EUR 25.3 million for Q3 2019 as against EUR 7.1 million same period last year, posting an increase of 256%, driven mainly by the inclusion of vwd Group, full effect of Infront Italia and price increases across…
OKEA ASA completes USD120mn five-year bond issue
OSLO, NORWAY: OKEA ASA, an Exploration and Production (E&P) company, has announced successful completion of a USD 120 million five-year senior secured bond issue with a coupon rate of 8.75 percent and an issue price of 99% of the nominal value. The bond issue attracted broad international investor interest. The bond issue is expected to…
Income of U. S. life, annuity insurers’ declines by 18% in nine months of 2019
OLDWICK: Net income of the life insurance and annuity industry in U. S. shrank 18% to $27.6 billion in the first nine months of 2019, compared with the same prior-year period. This financial review is detailed in a new Best’s Special Report, titled, “First Look – 9-Month 2019 Life/Annuity Financial Results,” and the data is…
Signify launches tailor-made 3D printed professional luminaires for a circular economy
AMSTERDAM: Signify, the world leader in lighting, unveiled its facilities to 3D print light shades and fittings (luminaires) in the Netherlands and plans to establish 3D printing factories in the US, and Indonesia. The company has perfected this highly flexible, more sustainable form of manufacturing, using a 100% recyclable polycarbonate material, which allows luminaires to…