ATLANTA: UPS, the global leader in package delivery, has announced its plan to buy Happy Returns, a company that specializes in making online returns easy and convenient. Happy Returns provides software and logistics services that allow customers to return their online purchases without boxes or labels at various drop-off locations. UPS hopes to leverage Happy…
GFH to buy Saudi food and logistics firm for SAR 500 million
RIYADH: GFH Financial Group announced today that it has signed to acquire a leading food services and logistics company in Saudi Arabia, with an enterprise value of about SAR 500 million. The deal was announced at the Future Investment Initiative in Riyadh. The company has a strong financial performance and a diverse customer base of…
Santander profits soar on record-high interest rates
Santander, Spain’s biggest lender, reported a 20 per cent increase in net profit in the third quarter, as it benefited from the highest interest rates in the eurozone’s history. The bank earned €2.9bn in the three months to September, beating analysts’ expectations of €2.8bn. The strong performance was driven by a 16 per cent rise…
Wheaton Precious Metals to buy silver from Mineral Park mine in Arizona
LONDON: Wheaton Precious Metals™ Corp. announced that it has signed a deal with Waterton Copper Corp. to buy 100% of the silver produced from the Mineral Park mine in Arizona, USA, for the life of the mine. Wheaton will pay Waterton Copper $115 million in four installments during the construction phase of the mine, which…
Serco appoints Andrew Head as new CEO in Asia Pacific
LONDON: Serco Group plc announced the appointment of Andrew Head as Chief Executive Officer (CEO) of Serco’s Asia Pacific region, effective immediately. Andrew is an experienced leader whose background aligns well with Serco, having worked in both the government and private sectors. Most recently he spent 20 years at Transurban. In that period, he…
Zain FinTech and Al Ansari Financial Services team up to enhance fintech solutions
DUBAI: Zain FinTech, the financial services arm of Zain Group, a leading telecom group in the Middle East and Africa, has signed a deal with Al Ansari Financial Services, a UAE-based financial services group. The deal aims to use technology to improve financial services for their customers across the region. The deal was signed by…
IVE Group buys JacPak for $35 million, enters packaging sector
SYDNEY, AUSTRALIA: IVE Group (IVE) has agreed to buy JacPak Pty Ltd, a Melbourne-based packaging company, for $35 million. JacPak makes folding cartons for products like food, beverages, and cosmetics. It has annual sales of about $45 million and is one of the top players in the $800 million folding cartons market in Australia. The…
Darren Steinberg to step down as Dexus CEO
SYDNEY, AUSTRALIA: Dexus announced that Chief Executive Officer, Darren Steinberg, has advised of his intention to step down in 2024 after more than 11 years in the role. Darren will continue as CEO until the commencement of his successor and will work closely with the Board to ensure a smooth transition. The Board has commenced…
Rumble Resources appoints Peter Harold as MD and CEO
SYDNEY, AUSTRALIA: Rumble Resources Limited (ASX:RTR) announced the appointment of experienced mining executive and company director Peter Harold as Managing Director and Chief Executive Officer (MD and CEO), effective from Monday 12 February 2024. Mr Harold will oversee the Company’s next critical growth phase as it continues to expand and enhance the emerging Tier 1…
Lachlan Star appoints geologist Andrew Tyrrell as Chief Executive Officer
SYDNEY, AUSTRALIA: Lachlan Star Limited (ASX: LSA) announced the appointment of highly experienced mining executive and geologist Andrew Tyrrell as Chief Executive Officer. Mr Tyrrell was most recently General Manager — Discovery for leading gold producer and explorer Gold Road Resources Limited (ASX:GOR), where he led the transition of Gold Road to a national explorer…
Auswide Bank appoints Doug Snell as new Managing Director and Chief Executive Officer
SYDNEY, AUSTRALIA: The Board of Auswide Bank Ltd (ASX: ABA) announced the appointment of highly experienced banking and financial services executive, Mr Doug Snell as the Company’s new Managing Director and Chief Executive Officer. The appointment of Mr Snell, who has previously held leadership roles with Westpac, Commonwealth Bank and BOQ follows a comprehensive and…
Teledyne Technologies announces leadership changes for 2024
Teledyne Technologies Incorporated (NYSE:TDY), a leading provider of digital imaging, instrumentation, aerospace and defense electronics, and engineered systems, has announced that its Board of Directors has approved several leadership changes, effective January 1, 2024. Robert Mehrabian, the current Chairman, President and Chief Executive Officer, will become the Executive Chairman and extend his employment contract to…