Taxi drivers in Northern Ireland who want to renew their licenses will have to prove that they are registered with HM Revenue and Customs (HMRC) from October 2023. The new requirement, which was announced in 2021 and has been implemented in England and Wales since April 2022, aims to “promote tax compliance within the industry…
AHK Designs acquires Victoria Plum in pre-pack deal
Online bathroom retailer Victoria Plum has been acquired by AHK Designs, the owner of e-commerce sites Beds.co.uk and Cox & Cox, in a pre-packaged insolvency deal. The deal, which was completed late on Friday, will save more than 300 jobs at Victoria Plum. The bathroom brand, which was owned by British private equity firm Endless,…
TotalEnergies signs 15-year solar PPA with Saint-Gobain
TotalEnergies has signed a 15-year renewable Power Purchase Agreement (PPA) with Saint-Gobain to supply 100 MW of clean energy from its Danish Fields Solar farm in Texas. The PPA will help Saint-Gobain offset its North American Scope 2 CO2 emissions from electricity by 90,000 metric tons per year. The Danish Fields Solar farm is expected…
John Lewis Partnership chair to leave in early 2025
The John Lewis Partnership has announced that its chair, Dame Sharon White, will leave the business in early 2025. White’s five-year term will come to an end in February 2025, making her the shortest-serving chair in the history of the partnership. The appointment of White’s replacement will be led by Rita Clifton, the John Lewis…
UK government considers banning mobile phones from schools all day
LONDON: The UK government is considering issuing new guidance across England that would recommend banning mobile phones from schools during the entire school day, including break times. However, such a ban would not be enforceable, and it is unclear when the guidance would be published. According to Sky News, this is not the first time…
Sydbank names Mark Luscombe as new CEO
LONDON, UK: Sydbank, one of the largest banks in Denmark, has announced that Mark Luscombe will join the bank as Deputy Group Chief Executive on 1 April 2024 and succeed Karen Frøsig as CEO on 31 July 2024. Karen Frøsig, who has been the CEO of Sydbank for 13 years, wishes to retire. Mark Luscombe…
Zaptec CEO Peter Bardenfleth-Hansen to step down
OSLO, NORWAY: CEO in Zaptec, Peter Bardenfleth-Hansen, has informed the Board that he wishes to step down in order to focus on other priorities. The Board will spend the necessary time to find the next CEO for the company, and are very comfortable that CFO Kurt Østrem in the meantime will be well placed to…
Marcon-Gruppen i Sverige AB to acquire Svenska Tungdykargruppen AB
OSLO, NORWAY: Swedish marine infrastructure company Marcon-Gruppen i Sverige AB – a wholly owned subsidiary of Endúr ASA – has entered into an agreement to acquire 100% of the shares in Svenska Tungdykargruppen AB (STDG) from Storskogen Group AB. STDG is a marine infrastructure company, located in Mora, Sweden, specialized within diving and dredging operations….
DIB to acquire 20% stake in T.O.M. Group, a digital financial services group in Türkiye
DUBAI, UAE: Dubai Islamic Bank PJSC (DIB), the largest participation bank by asset size in the United Arab Emirates, has announced its intention to acquire a 20% stake in T.O.M. Group of Companies (T.O.M. Group), a digital financial services group established by Aydın Group shareholders in Türkiye. The deal, which includes an option to increase…
Tap Global to launch crypto app in the US with Zero Hash partnership
LONDON, UK: Tap Global Group Plc, a regulated cryptocurrency app that bridges the gap between traditional finance and blockchain technology, has announced its intention to launch in the US market through a partnership with Zero Hash LLC, a crypto infrastructure platform. The partnership will allow Tap to operate under Zero Hash’s existing regulatory coverage in…
The City Pub Group acquires two additional pubs in London and in Oxford
LONDON, UK: The City Pub Group plc (AIM: CPC), the owner and operator of 52 premium pubs across Southern England and Wales, announced the completion of the acquisition of two additional pubs in London’s Soho and in Oxford. The Group has acquired a premium freehold investment which is currently operated as Simmons Bateman Street. The…
Elders Limited has acquired Eureka! Group
SYDNEY, AUSTRALIA: Elders Limited (ASX:ELD) (Elders) has acquired the assets of the Eureka! group, a leading research, development, registration and formulation business for agricultural chemicals and other agricultural products. Eureka! operates with over 35 employees based at two sites west of Melbourne, one devoted to herbicide , and the other to non-herbicide products. The acquisition…