LONDON: The UK Civil Aviation Authority (CAA) has announced that its Chair, Sir Stephen Hillier, has been re-appointed for another four years by the Secretary of State for Transport. Sir Stephen, who took up the role in August 2020, will continue to oversee the regulator’s core mission of ensuring the safety, security, and consumer interests…
TotalEnergies and Bapco Energies join forces to optimize Bahrain’s refinery and energy trading
PARIS: TotalEnergies, a global integrated energy company, and Bapco Energies, the leading energy company in Bahrain, have agreed to cooperate in optimizing the Sitra refinery and trading the petroleum products produced there. The agreement was reached during a meeting in Bahrain between Patrick Pouyanné, Chairman and CEO of TotalEnergies, His Highness Shaikh Nasser bin Hamad…
Helios Underwriting appoints Adhiraj Maitra as Chief Operating Officer
LONDON: Helios Underwriting Plc, the investment vehicle which provides shareholders with a spread participation at Lloyd’s, announced the appointment of Mr Adhiraj Maitra to the newly created role of Chief Operating Officer (COO), a company announcement noted. Adhiraj Maitra (BSc, MSc, Actuary) joins Helios from Canopius where he is the Group Head of Sustainability. Over…
Autins Group appoints Andy Bloomer as new Chief Executive Officer
LONDON, UK: Autins Group plc (AIM: AUTG), the UK and European manufacturer of the patented Neptune melt-blown material and specialist in the design, manufacture and supply of acoustic and thermal insulation solutions, announced the appointment of Andrew (Andy) Bloomer as Chief Executive Officer with effect from 22 April 2024. Gareth Kaminski-Cook will step down from…
Treatt Plc appoints David Shannon as Group Chief Executive Officer
LONDON: Treatt Plc, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, today announces the appointment of David Shannon as Group Chief Executive Officer and a Director effective on 3 June 2024. David joins Treatt from Croda International Plc where he has…
Halma Plc has acquired Rovers Medical Devices B.V. for £78 million
LONDON, UK: Halma Plc, the global group of life-saving technology companies, has acquired Rovers Medical Devices B.V., a company announcement noted. Headquartered in Oss in the Netherlands, Rovers designs and manufactures sample collection devices used in the prevention and diagnostics of cervical cancer. Rovers’ products are principally for professional use and include its Cervex-Brush®, widely…
TT Electronics to sell Global Manufacturing, Power and Connectivity business for £20.8m
LONDON: TT Electronics plc has reached an agreement to sell three business units within the GMS and Power and Connectivity divisions to the Cicor Group for a cash consideration of £20.8 million on a cash and debt free basis, subject to normal completion account adjustments. The divestment relates to business units in Hartlepool and Cardiff,…
Renalytix explores sale options after receiving takeover bid from rival
Renalytix plc, a company that uses artificial intelligence to diagnose and treat kidney disease, has announced that it is considering selling itself or its assets after receiving an unsolicited takeover offer from a larger competitor. The company, which is listed on both the London Stock Exchange and the Nasdaq, said that it has launched a…
Intertek Group agrees to acquire Base Metallurgical Laboratories and Base Met Labs US
LONDON, UK: Intertek Group plc, a Total Quality Assurance provider to a range of industries worldwide, has agreed to acquire Base Metallurgical Laboratories Ltd. and Base Met Labs US Ltd. (Base Met Labs), a leading provider of metallurgical testing services for the Minerals sector based in North America. In order to meet the demands of…
Aviva plc acquires Probitas Holdings for of £242 million
LONDON: Aviva plc announced the acquisition of Probitas Holdings for consideration of £242 million, a company announcement said. The transaction includes the acquisition of Probitas’s fully-integrated Lloyd’s platform, encompassing its Corporate Member, Managing Agent, international distribution entities and tenancy rights to Syndicate 1492. Amanda Blanc, Group Chief Executive Officer of Aviva, said: “This acquisition is…
Emma Tryti becomes new CEO of Airthings, a global leader in air quality solutions
OSLO: Airthings (AIRX), a company that offers air quality and energy-saving solutions for homes and businesses, announced today that Emma Tryti will take over as the new Chief Executive Officer. Tryti is a former executive at Vipps and Kron, two successful Norwegian fintech companies. Tryti said she was honored to lead Airthings in its next…
Arkhouse and Brigade Capital raise bid for Macy’s to $24 per share
Arkhouse Management Co. LP and Brigade Capital Management have increased their all-cash offer to buy Macy’s for $24 per share, a 51.3% premium over the retailer’s share price before their initial bid in December 2023. The buyer group, which also includes Fortress Investment Group LLC and One Investment Management US as equity partners, urged Macy’s…