LONDON: Clipper Logistics plc, a leading provider of value-added logistics solutions, e-fulfilment and returns management services to the retail sector, announced that operations have commenced on a new five-year contract with Amara Living Limited, the fast-growing online retailer operating in the home, living and lifestyle sectors. The new operation is based in Clipper’s existing facility…
Formula Offroad signs OEM supply agreement with Foton
MELBOURNE: RPM Automotive Group Limited announced that its wholly owned subsidiary Formula Offroad has begun the exclusive OEM supply of front-end and rear-end protection products, as well as other accessories, to Foton Motor Company Australia. The Australian supply agreement is for the life of Foton’s vehicle range being supplied, being the Foton Aumark 7.5 Tonne…
Trigg Mining completes $4.5mn IPO, begins exploration activities
PERTH: Trigg Mining Limited has completed a $4.5 million Initial Public Offer (IPO). The IPO fund raising was widely supported by the Australian public, a large resources-focused institutional investor and the agricultural community which sees a need to address Australia’s reliance on imported potassium fertilisers, necessary for agricultural production. Under the IPO, the Company issued…
GWR completes Wiluna West high grade iron ore mining rights agreement with Gold Valley
PERTH: GWR Group Limited has confirmed receipt of the execution payment of $250,000 (ex GST) related to the Mining Rights Agreement for the mining of up to 3 million tonnes of iron ore from its John William Doutch (JWD) deposit at GWR’s 100% owned Wiluna West Iron Ore Project by private iron ore development group…
Deyaar launches utilities management company, Nationwide Management LLC
DUBAI: Deyaar Development PJSC, one of Dubai’s leading property developers and real estate service providers, has announced the expansion of its portfolio with Nationwide Management LLC for the supply, management and retrofit of utility management across various buildings and communities. The new company will focus on delivering superior utilities management solutions, complementary to services currently…
Qatar Stock Exchange launches fifth annual IR excellence program
DOHA: Qatar Stock Exchange (QSE), in collaboration with Iridium Investor Relations, today launches the fifth annual Investor Relations (IR) Excellence Program, which aims to help listed companies in Qatar further improve investor relations best practices. Since its inception in 2015 as the first recognition program of its kind in the GCC, the IR Excellence Program…
Severfield to acquire Harry Peers & Co for £18.0 million
LONDON: Severfield plc, the market leading structural steel group, has entered into an agreement to acquire 100% of the share capital of Harry Peers & Co Limited, a leading full-service structural steelwork business, for a net initial consideration of £18.0 million payable in cash on completion. A performance-based deferred consideration is in place, which could…
Polypipe Group acquires Alderburgh Group for £14 million
LONDON: Polypipe Group plc, a leading provider of sustainable water and climate management solutions for the built environment, today announced the acquisition of the Alderburgh Group of companies for a total cash consideration of £14 million on a cash and debt free, normalised working capital basis. Alderburgh is a leading designer, manufacturer and installer of…
Eoghan O’Lionaird appointed CEO of James Fisher and Sons
LONDON: James Fisher and Sons plc, the leading marine services provider, has confirmed that Eoghan O’Lionaird has been appointed Chief Executive Officer with effect from 1 October 2019. The Company further confirmed that Nick Henry has stepped down as CEO and Executive Director with effect from 1 October, but will remain employed by the Company…
Menzies Aviation announces multiple UK contract wins and renewals
EDINBURGH: Menzies Aviation, the global aviation logistics specialist, has announce a number of contract wins and renewals across its UK operations: Glasgow: Menzies has agreed a three year contract with Lufthansa at Glasgow Airport. From December 2019, Menzies will deliver passenger, ramp and de-icing services for Germany’s largest airline. Menzies has also landed a new…
TerraX Minerals to acquire Gold Matter Corporation
VANCOUVER: TerraX Minerals Inc. has entered into an agreement with Gold Matter Corporation, a private closely-held corporation, whereby the Company will acquire all of the shares of Gold Matter in exchange for 5 million shares of the Company on a one-for-one basis, resulting in former shareholders of Gold Matter holding approximately 4% of the issued…
Yamal LNG increased shipments to the Asian Pacific markets
MOSCOW: PAO NOVATEK announced today that 15 LNG cargos from the Company’s Yamal LNG project were shipped eastbound to the Asian Pacific markets directly via the Northern Sea Route (NSR) during third quarter 2019. The eastbound shipments represented about 25% of all LNG dispatched from Yamal LNG during the quarter. Planned 2019 volumes of LNG…