OSLO: KONGSBERG has signed an agreement to sell its steering gear and rudder business, currently part of the Propulsion and Handling division in Kongsberg Maritime. This is in line with Kongsberg Maritime’s strategy towards decarbonisation of shipping with its integrated systems and increased focus on electrification and digitalisation of the entire product portfolio. “We are very pleased…
Downing Renewables & Infrastructure Trust announces acquisition of three Swedish Hydropower plants
LONDON: Downing Renewables & Infrastructure Trust plc (DORE) has committed to acquire three Swedish hydropower plants and their associated storage reservoirs. The combined expected annual average production is c. 7 GWh, with a potential increase of 0.5 GWh after further upgrades have taken place. The total investment is expected to be c. £5m. All three…
Mako Joint Venture partners sign gas sales agreement with Sembcorp Industries
LONDON: Empyrean Energy, Conrad Asia Energy Ltd and Coro Energy Plc (together the “Mako Joint Venture partners”) have agreed a binding Gas Sales Agreement (“GSA”) for the sale and purchase of the export portion of natural gas from the Mako gas field with Sembcorp Gas Pte Ltd, a wholly-owned subsidiary of Sembcorp Industries Ltd, a…
Aurora Investment Trust and Artemis Alpha Trust evaluate business merger
LONDON: Aurora Investment Trust plc has announced a proposed merger with Artemis Alpha Trust plc. The boards of both companies have agreed on the heads of terms for this combination, which aims to consolidate the assets of Artemis Alpha with those of Aurora. The merger, pending approval from the shareholders of both trusts, will be…
Oakley Capital agrees sale of Ocean Technologies Group to Lloyd’s Register
LONDON: Oakley Capital, a leading pan-European private equity investor, is pleased to announce that Oakley Capital Fund IV has agreed to sell its majority stake in Ocean Technologies Group (OTG) to Lloyd’s Register, a global professional services group specialising in marine engineering and technology. Under Oakley’s ownership, OTG has generated strong revenue and EBITDA growth…
The Importance of a Trading Plan: Journey from Skepticism to Success
When I first started trading, I thought it was absolutely useless. I believed that having a strategy in my head was enough and that writing anything down was unnecessary. This mindset is common among new traders. However, as you gain more experience, you’ll come to understand that systemizing your trading approach is crucial for success….
Former Manchester United and Ireland soccer star John O’Shea invests in GoChallenge
DUBLIN: GoChallenge, a leading employee engagement platform focused on promoting health and wellness, announced a significant investment from John O’Shea, former Manchester United and Republic of Ireland soccer player. As a seasoned professional athlete and hugely respected figure in the sports world, John O’Shea has always championed the importance of physical fitness and teamwork. His investment in…
STV Group appoints Rufus Radcliffe as Chief Executive Officer
STV Group plc today announces that Rufus Radcliffe will join the Board as Chief Executive Officer on Friday 1 November 2024. Rufus Radcliffe joins STV from ITV plc where until April 2024 he was a member of the Executive Committee and latterly held the position of Managing Director of Streaming, Interactive and Data, playing a key role…
Symmetry Group launches Vidfy, a new Al-powered platform for video messages
KARACHI, PAKISTAN: Symmetry Group Limited has announced the launch of Vidfy, a new Al-powered platform, developed in-house, that specializes in creating tailored video messages that empower businesses, brands, content creators and influencers to engage diverse audiences effectively. This launch marks a significant step in leveraging Al-driven solutions to shape the future of personalized digital communication….
Crown Agents Bank collaborates with Visa on FX and last mile payments in emerging markets
LONDON: CAB Payments, through its operating company, Crown Agents Bank (CAB), and Visa today announced a collaboration to enable fast, efficient and reliable payments and FX, especially across the ‘last mile’ – a term for the final and most complex stage in the payment process. CAB is a UK-regulated bank specialising in FX and cross-border…
Apax Global Alpha (AGA), Apax Private Equity Funds, Veriforce,
LONDON; Apax Global Alpha (AGA), the closed-ended investment company providing access to the Apax Private Equity Funds, today announced that it expects to invest approximately €29m in Veriforce on a look-through basis. The Apax XI Fund (Apax XI), in which AGA is a limited partner, has reached a definitive agreement to acquire a controlling stake in…
Nexteq Plc appoints Duncan Faithfull as Group Chief Executive Officer
LONDON: Nexteq Plc (AIM: NXQ), a leading technology solutions provider to customers in selected industrial markets, today announces that Duncan Faithfull, currently Gaming Business Leader and Chief Commercial Officer at Nexteq, has been appointed to the Board as Group Chief Executive Officer with immediate effect. Duncan joined the Group in 2020 to lead the Quixant division where…