LONDON, UK: LondonMetric Property Plc announced the sale of four offices and two long income assets in separate transactions, for £24.5 million. Four non-core assets have been sold from the recently acquired CT Property Trust (“CTPT”) portfolio for £15.3 million, comprising three regional offices and a car showroom in Newbury. The buildings have a WAULT…
Soraya Benchikh appointed Chief Financial Officer and Executive Director at BAT plc
LONDON, UK: Soraya Benchikh has been appointed to the role of Chief Financial Officer and Executive Director and will join the BAT p.l.c. and Management Boards from 1 May 2024. She will succeed Javed Iqbal, who will continue to serve as interim Finance Director until 30 April 2024. Soraya has been President, Europe at Diageo…
e-therapeutics signs strategic collaboration with Arcturis Data Limited
LONDON, UK: e-therapeutics plc announced a strategic collaboration with Arcturis Data Limited, a UK data company with a high quality and enriched real-world data platform. The companies will integrate Arcturis’ Real-World Evidence (RWE), which utilises a platform comprised of high quality, clinically-rich real-world data, and analytical expertise derived from their unique access to anonymised patient…
Smith+Nephew appoints John Rogers as new CFO
LONDON, UK: Smith+Nephew, the global medical technology business listed on the LSE and NYSE, has announced that John Rogers will take over as Chief Financial Officer (CFO) from Anne-Françoise Nesmes. Rogers will join the company as CFO-designate on December 1, 2023, and will officially join the Board as CFO in early 2024. Anne-Françoise Nesmes, who…
Pyaterochka to take over Amba Stores
MOSCOW: X5 Group, a leading Russian food retailer, continues to expand its footprint in the Far East and announces the acquisition of stores operated by the Amba retail chain in the Khabarovsk Territory. The Pyaterochka retail chain has acquired long leases of 71 stores, measuring a total of 49,122 square metres of selling space. Pyaterochka…
Harry Hyman appointed Non-executive Chairman of Primary Health Properties
LONDON, UK: Primary Health Properties announced the appointment of Harry Hyman, Founder and Chief Executive Officer (“CEO”) of PHP, as Non-executive Chairman subject to shareholder approval at, and with effect from the conclusion of, its Annual General Meeting to be held on 24 April 2024. Harry will succeed Steven Owen who, as previously announced, will…
Cordiant Digital Infrastructure to acquire Norkring België NV for €5.25 million
LONDON, UK: Cordiant Digital Infrastructure, an operationally focused specialist digital infrastructure investor, has agreed to acquire Norkring België NV, which operates 25 communication and broadcast towers in Belgium, from its current shareholders Telenor Communication II AS and Participatiemaatschappij Vlaanderen NV. Norkring is being acquired for a total enterprise value of €5.25m, subject to customary adjustments….
Mitie Group acquires GBE Converge Group for £27 million
LONDON, UK: Mitie Group plc announced the acquisition of GBE Converge Group (“GBE”), a leading independent provider of fire, security and information and communications technology (ICT) solutions, for a maximum cash consideration of £27 million (comprising an initial payment of £20m and deferred payments of up to £7m over three years, linked to performance). GBE…
ITT Inc to acquire Svanehøj for $395 million
ITT Inc, a global leader in flow products and services, announced today that it has agreed to buy Svanehøj Group, a Danish supplier of pumps and related services for the marine sector, for about $395 million. The deal is expected to close in the first quarter of 2024. Svanehøj specializes in cryogenic pumps that handle…
ADM declares cash dividend
CHICAGO: ADM’s (NYSE: ADM) Board of Directors has declared a cash dividend of 45.0 cents per share on the company’s common stock. The dividend is payable on Dec. 6, 2023, to shareholders of record on Nov. 15, 2023. This is ADM’s 368th consecutive quarterly payment, a record of more than 92 years of uninterrupted dividends….
NUBURU appoints Brian Knaley new CEO to lead blue laser technology commercialization
NUBURU, a leading innovator in high-power and high-brightness industrial blue laser technology, announced today that Brian Knaley has been appointed as the new Chief Executive Officer, effective immediately. Knaley replaces Mark Zediker, who has left the company to pursue other opportunities. Knaley joined NUBURU as the Chief Financial Officer in February 2022 and has over…
Vertu Motors acquires Rowes Garage Limited, expanding presence in South West England
LONDON, UK: Vertu Motors, a leading UK automotive retailer, has acquired Rowes Garage Limited, a Honda dealership with four outlets in the South West of England. The acquisition expands Vertu Motors’ presence in the region to 34 outlets and strengthens its relationship with Honda, which it now represents with 17 outlets in the UK. The…