Bidco Limited agrees to buy Cobham Plc for £4.0 billion

LONDON: The boards of Bidco Limited and Cobham Plc have reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share…

NNR July 25, 2019

London Exchange

LNG tanker Vladimir Rusanov opens the Northern Sea Route

MOSCOW: PAO NOVATEK has announced today that the Arc7 ice-class LNG tanker "Vladimir Rusanov" completed the Northern Sea Route (NSR) passage via the Eastern direction, and delivered a cargo of…

NNR July 25, 2019

Ratings

AM Best affirms credit ratings of New York Life Insurance, subsidiaries

OLDWICK: AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of “aaa” of New York Life Insurance Company and its wholly owned subsidiary,…

NNR July 24, 2019

PSX

OGDC makes oil and gas discovery in Sindh

KARACHI, PAKISTAN: Oil & Gas Development Company Limited (OGDCL), operator of Bitrism Block has announced oil and gas discovery from its exploratory well Pandhi # 01, which is located in…

NNR July 24, 2019

PSX

Pak Suzuki posts loss in 2Q 2019

KARACHI: Pak Suzuki Motor Company (PSMC) announced its 2QCY19 ended June 30, 2019 financial results wherein the company booked net loss of Rs545 million translating into loss per share (LPS) of…

NNR July 24, 2019

PSX

Habib bank posts 78% decline in profits

KARACHI: Habib Bank Limited (HBL) unveiled its 2QCY19 ended June 30, 2019 consolidated net earnings at Rs750 million translating into earning per share (EPS) of Rs0.44 versus Rs3.44 billion EPS…

NNR July 24, 2019

Canadian Exchange

TechnipFMC awarded a major contract for Arctic LNG 2 project in West Siberia

HOUSTON: TechnipFMC has been awarded a major Engineering, Procurement and Construction (EPC) contract by Novatek and its partners for the Arctic LNG 2 project located in the Gydan peninsula in…

NNR July 24, 2019

London Exchange

IMImobile announces proposed acquisition of 3CInteractive Corp

LONDON: IMImobile, a global cloud communications software and solutions provider, has conditionally agreed to acquire the entire issued and to be issued share capital of 3C Interactive Corp. (3C), a…

NNR July 24, 2019

Singapore Exchange

Cora Gold granted 100% ownership of Tagan Permit in southern Mali

LONDON: Cora Gold has been awarded 100% ownership of the 82km2 Tagan Permit located along the Yanfolila Gold Belt in southern Mali. The newly awarded permit area overlies what is…

NNR July 24, 2019

London Exchange

AEG forms JV for saw-logging operations at Lumberton

LONDON: Active Energy (AEG), the London quoted renewable energy business focussed on biomass, has entered into a joint venture agreement, with Renewable Logistics Systems LLC (RLS), a supplier of saw-logs,…

NNR July 24, 2019

London Exchange

Vodafone, O2 Telefonica to share 5G active equipment across UK

LONDON: Vodafone Limited and O2 Telefónica UK Limited announced that they have agreed to share 5G active equipment, such as radio antennas, on joint network sites across the UK. This…

NNR July 24, 2019

London Exchange

NOVATEK launches South-Khadyryakhinskoye field

MOSCOW: PAO NOVATEK announced that the Company's wholly owned subsidiary NOVATEK-Tarkosaleneftegas commenced commercial production at the South-Khadyryakhinskoye gas field, with estimated gas capacity at about one billion cubic meters per…

NNR July 24, 2019