redT Energy proposes merger with Avalon Battery

LONDON: redT energy plc, the energy storage company, is pleased to announce that it has agreed to outline terms for a proposed merger with Avalon Battery Corporation. The parties have…

NNR July 25, 2019

London Exchange

Sberbank & Mail.ru to build food and transportation O2O

MOSCOW - Sberbank and Mail.ru Group plan to create a leading Russian O2O (online-to-offline) services platform focused on major consumer markets, the key areas of food and transportation. Sberbank and…

NNR July 25, 2019

Oslo Bourse

Intelligent Ultrasound collaborates with National Imaging Academy Wales

LONDON: Intelligent Ultrasound Group, the artificial intelligence (AI) based ultrasound software and simulation company, has entered into a collaboration with the National Imaging Academy Wales (NIAW) to develop artificial intelligence…

NNR July 25, 2019

MENA

Hikma and Richter sign agreement for cariprazine

LONDON: Hikma Pharmaceuticals, the multinational pharmaceutical company, and Gedeon Richter PLC announced the signing of an exclusive license agreement to commercialise cariprazine, a novel antipsychotic, in certain Middle East and…

NNR July 25, 2019

London Exchange

GoCo Group plc acquires energy savings service Look After My Bills

LONDON: GoCo Group plc has acquired This Is The Big Deal Limited (trading as Look After My Bills). Total consideration is comprised of £6.0 million upfront, financed through the Group's…

NNR July 25, 2019

London Exchange

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