LONDON: abrdn European Logistics Income plc (ASLI), the company which invests in quality European logistics real estate, has completed the sale of a 30,180 sqm warehouse in Meung sur Loire, France, to Castignac. The €17.5 million disposal price is in line with the 31 December 2023 valuation and reflects a c.7% discount to the 30…
How To Spend Less On Wedding
Weddings in the Philippines are a costly affair. Some people even get loans through the best loan apps Philippines to pay for their weddings. However, there are ways to spend less on a wedding without sacrificing the quality of the celebration. One way is to make the guest list leaner and invite only those who…
Pension Insurance Corporation reports stellar annual results
LONDON, UK: Pension Insurance Corporation Group Limited (PICG), the parent company of the specialist UK pension insurer PIC, has announced its final results for the year ending December 31, 2023. The company has recorded a year of robust performance, marked by sustainable growth, increased profitability, and exceptional customer service. Tracy Blackwell, the CEO of PIC,…
Asia Wealth Group reports mid-year financials amidst challenging economic climate
LONDON: Asia Wealth Group Holdings Limited, a prominent wealth management advisory firm, has released its financial statements for the six-month period ending August 31, 2023. Despite a challenging economic environment marked by a weak Yen and reduced revenue streams, the company has maintained a strong gross margin and is actively pursuing new investment opportunities. Financial…
Endeavour Mining announces prosperous FY 2023 results with robust shareholder returns
LONDON: Endeavour Mining plc, a leading gold producer listed on the LSE, TSX, and OTCQX, has reported a triumphant close to the fiscal year 2023. The company is celebrating a production milestone of 1.1 million ounces of gold at an all-in sustaining cost (AISC) of $967 per ounce, alongside an impressive adjusted EBITDA of $1…
Nanoco Group hits major milestones with commercial orders and strategic partnerships
LONDON: Nanoco Group plc (LSE: NANO), a pioneer in the development of cadmium-free quantum dots and nanomaterials, has announced its unaudited interim results for the half-year ending 31 January 2024, marking significant achievements and financial growth. Commercial Breakthrough: The company has reached a critical milestone by securing its first-ever commercial orders. In November 2023, Nanoco…
IMCD Benelux has acquired Gova Ingredients
ROTTERDAM: IMCD N.V., a leading distributor of speciality chemicals and ingredients, today announced that IMCD Benelux has acquired 100% of Gova Ingredients, a prominent ingredients distributor for the beauty and personal care market in the Benelux. Established in 1999 and headquartered in Hoogerheide, Netherlands, Gova provides an extensive portfolio of cosmetic actives and functional ingredients….
Asiamet Resources completes biomass feedstock study for BKM copper project
LONDON: Asiamet Resources Limited has announced the successful completion of the KSK Biomass Feedstock Study. This pivotal study marks a major step forward in establishing a renewable power solution for the BKM copper cathode project in Central Kalimantan, Indonesia. The comprehensive assessment, conducted in collaboration with Britmindo Mining Services Singapore Pte Ltd, has identified abundant…
Logistics Development Group posts loss
LONDON: Logistics Development Group released its audited final results for the fiscal year ending on November 30, 2023. The company has reported an underlying EBIT of a loss of £12.0 million, a stark contrast to the previous year’s profit of £1.1 million. Similarly, the loss before tax stands at £10.7 million, down from a profit…
Sirius Real Estate bought Vantage Point Business Village in Gloucestershire for £48.25 million
LONDON: Sirius Real Estate, a prominent player in the German and UK business park sector, has marked its first UK property acquisition this year with the purchase of Vantage Point Business Village in Gloucestershire for £48.25 million (€56.4 million), reflecting a 10.2% initial yield. This move follows the company’s £147 million capital raise last November….
Apollo will purchase $8 billion of senior secured financing facilities from UBS
LONDON: UBS (NYSE:UBS) and Apollo today announced that they have entered into an agreement pursuant to which ATLAS SP has concluded its Transition Services Agreement with UBS and UBS will close out its Investment Management Agreement with Atlas. As part of this agreement, Apollo will purchase USD 8 billion of senior secured financing facilities from…
Diploma Plc to acquire Peerless Aerospace Fastener for £236m
LONDON, UK: Diploma PLC (LON:DPLM), the international value-add distribution group, announced the proposed acquisition of Peerless Aerospace Fastener LLC, a market-leading distributor of specialty fasteners into the US and European aerospace markets for ca. £236m ($300m). Peerless is one of the largest independent value-added distributors of aerospace fasteners with a strong reputation for quality and…