LONDON, UK: Global Ports Holding Plc (GPH), the world’s largest independent cruise port operator, has announced that it has signed a 30-year concession, with a potential 10-year extension option, with the Government of Saint Lucia for the cruise related operations in Saint Lucia. The agreement marks a further significant step in GPH’s strategic ambitions in…
ABN AMRO posts strong Q2 profit of EUR 870 million amid higher interest rates
AMSTERDAM: ABN AMRO, a Dutch bank, has reported a net profit of EUR 870 million for the second quarter of 2023, up from EUR 393 million in the same period last year. The bank’s return on equity (ROE) was over 16%, reflecting high net interest income (NII) and impairment releases. All client units contributed with…
Volex becomes a licensed partner of Tesla for NACS EV charging system
LONDON, UK: Volex plc, a leading manufacturer of critical power and data transmission products, has announced that it is a licensed partner of Tesla for the North American Charging Standard (NACS) EV charging system. Volex is one of the selected global manufacturers of the authentic NACS coupler, which is compatible with Tesla’s Supercharger network and…
Tritax EuroBox sells German logistics asset for €64.6m
LONDON, UK: Tritax EuroBox plc, a UK-based real estate investment trust that focuses on continental European logistics properties, has announced the sale of its warehouse asset in Hammersbach, Germany, for €64.6 million to a leading pan-European real estate investment manager. The sale price is in line with the valuation as at 31 March 2023. The…
Newbury Racecourse CEO Julian Thick to step down in March 2024
LONDON, UK: Newbury Racecourse PLC has announced that its Chief Executive, Julian Thick, will be leaving his position in March 2024 after more than a decade of service. Thick has agreed to stay until then to help with the transition and the search for a new leader. Thick joined Newbury Racecourse as Chief Executive in…
Hikma appoints new President of Injectables business
LONDON, UK: Hikma Pharmaceuticals PLC and its subsidiaries announcd that Dr. Bill Larkins has been appointed President of its Injectables business, effective 1 September 2023. Bill will be based in the US and report to Riad Mishlawi in his new role as Hikma’s Chief Executive Officer. Bill has extensive experience in the sterile injectable generic…
Exchange rates for GBP against major currencies on August 9, 2023
LONDON: The latest exchange rates for GBP against major currencies such as USD, EUR, JPY, AUD and more. Stay up-to-date on the latest fluctuations and trends in the GBP-exchange market. According to www.exchangerates.org.uk: GBP-EUR 1.1625 Pounds to Euros GBP-USD 1.276 Pounds to Dollars GBP-NZD 2.1002 Pounds to New Zealand Dollars GBP-AUD 1.9464 Pounds to Australian…
Agronomics invests €4 million in Meatable, a Dutch cultivated meat company
LONDON, UK: Agronomics, a UK-based company focused on cellular agriculture, has announced that it has invested €4 million in Meatable, a Dutch company that produces cultivated pork from animal cells. The investment is part of Meatable’s €35 million Series B financing round, which was co-led by Agronomics and New Agrarian, a new fund dedicated to…
Woodside sells 10% stake in Scarborough gas project to LNG Japan for $500 million
LONDON, UK: Woodside, Australia’s largest independent oil and gas company, has announced that it has agreed to sell a 10% stake in its Scarborough gas project to LNG Japan, a joint venture between Sumitomo Corporation and Sojitz Corporation, for $500 million. The deal is part of a broader strategic relationship between Woodside and LNG Japan,…
PayPal to launch its own stablecoin backed by the US dollar
PayPal, the online payments giant, is set to launch a US dollar-denominated stablecoin, PayPal USD (PYUSD), in a bid to address the emerging potential of fully-backed and regulated stablecoins to transform payments in Web3 and digitally native environments. Stablecoins are cryptocurrencies that are pegged to a fiat currency or another asset, such as gold, to…
JD Sports to take full ownership of Poland’s MIG
LONDON, UK: JD Sports Fashion Plc, Britain’s biggest sportswear retailer, announced on Tuesday that it will acquire the remaining 40% stake in Marketing Investment Group (MIG), a Polish retailer of sports fashion footwear, apparel and accessories. The deal will make JD the sole owner of MIG and will accelerate its expansion in Central and Eastern…
How TikTok is Revolutionizing Extreme Sports Culture
Extreme sports have always been known to push the boundaries of what is possible, presenting a thrilling spectacle for viewers worldwide. However, the way we consume these adrenaline-pumping activities is changing dramatically, thanks to the burgeoning influence of social media platforms like TikTok. With its short-video format and user-friendly interface, TikTok is turning the world…