LONDON: Workspace Plc has announced the appointment of Graham Clemett as Chief Executive Officer (CEO) with immediate effect. Graham has been serving as Interim CEO since June 2019, when his predecessor Jamie Hopkins stepped down. Graham has been with Workspace for over 12 years, having joined the Board as Finance Director in July 2007. Daniel…
Begbies Traynor acquires Regeneratus Consulting
LONDON: Begbies Traynor Group, the business recovery, financial advisory and property services consultancy, announces the acquisition of the entire issued share capital of Regeneratus Consulting, which is an Exeter based advisory practice with particular expertise in restructuring, turnaround and legal issues. Founded by Rob Insall in 2016, it reported annual revenue of £0.6 million and…
Tritax EuroBox acquires two new big box logistics assets in Germany for €60.3 million
FRANKFURT: Tritax EuroBox plc, which invests in Continental European logistics real estate, has acquired two prime, modern logistics facilities in the GVZ Freight Village of Bremen in Germany for a total consideration of €60.3 million, reflecting a net initial yield of 4.8%. Purpose-built in 2013 and 2019 respectively, these two high specification facilities have a…
Ilika opens large format battery facility in Hampshire
LONDON: Ilika Plc, a pioneer in solid-state battery technology, has opened its new large format battery facility (Goliath Pre-Pilot Line, or ‘GPPL’), for the development and initial production of solid-state batteries in Hampshire, UK. The objective of Ilika’s Goliath programme is to develop large format solid-state batteries for electric vehicles. Ilika has established this new…
Botswana Diamonds signs Marsfontein mining contract
DUBLIN: Botswana Diamonds announced that, together with its associate Vutomi, it has signed a contract mining and processing agreement with Eurafrican Diamond Corporation (EDC) to mine and process the diamond-bearing gravels and residual stockpiles on a portion of the Marsfontein farm. The agreement gives EDC a contract for the mining and processing of the identified…
Mos Bros launches eco suit
LONDON: Moss Bros Group PLC, the first choice for men’s tailoring, announced the launch of the eco suit, a suit that helps Moss Bros’ customers do their bit for the environment. The eco suit is cut from recycled polyester-blend cloth with canvas and trims that have been consciously chosen for their low impact on the…
Graham Wheeler appointed CEO of Advantage Finance
LONDON: S&U plc, the specialist motor finance and bridging lender, announces the appointment of Graham Wheeler as CEO of S&U’s market leading motor finance business, Advantage Finance. Graham joins the Company on 1st October 2019. Graham will take the reins at Advantage Finance from Guy Thompson, who is planning to retire in 2020. Guy was…
Tinkoff signs sponsorship contract with Russia’s top ranked tennis player Daniil Medvedev
MOSCOW: Daniil Medvedev, ranked as the top tennis player in Russia and #4 tennis player globally, and Tinkoff, the leading online financial ecosystem, announce the start of their partnership. Daniil Medvedev will participate in Tinkoff’s advertising and marketing campaigns and promotional events as its official brand ambassador. Tinkoff will be the first Russian company to…
IBM elects Bill McNabb to its Board of Directors
NEW YORK –(BUSINESS WIRE)– The IBM board of directors Monday elected F. William McNabb III to the board. McNabb, 62, is the former chief executive officer and chairman of The Vanguard Group, Inc. He served in various leadership roles at Vanguard before being named chief executive officer in 2008 and chairman in 2010. He retired…
Dubai Investments wins Arab Investor award 2019
DUBAI, UAE: Dubai Investments PJSC, the leading investment and a public joint stock company listed on the Dubai Financial Market has successfully managed to elevate Arab competitiveness to a global level by winning the Arab Investor award 2019. Under the category of ‘Impact of Investment’, Dubai Investments PJSC was chosen as the winner for its…
Geo Energy to acquire two coal producing mines for $25mn in Indonesia
SINGAPORE: Geo Energy Resources Limited has entered into a conditional share purchase agreement (CSPA) with PT Titan Infra Energy (TIE) and PT Jaya Utama Indonesia (JUI) to acquire a 100% stake in PT Titan Global Energy (TGE) and an effective interest of 51% in each of BT Bara Anugrah Sejahtera (BAS) and PT Banjarsari Pribumi…
Y-Ventures to raise S$2.0 million via proposed placement from investors
SINGAPORE: Y-Ventures Group has entered into subscription agreements for the allotment and issue of an aggregate of 24.66 million new ordinary shares in the capital of the company at S$0.0812 per placement share to investors. The Placement Shares represent approximately 10.74% of the Group’s enlarged issued share capital which includes the Placement Shares. The Placement…