UNITED ARAB EMIRATES: National Bank of Umm Al Quwain (NBQ) has reported a net profit of AED 385 million for the 9-months period ended on 30 Sep 2023, reflecting a 48% increase compared to the AED 260 million for the 9-month period of 2022. This impressive result testifies to the bank’s commitment to operational efficiency…
Elering and AST to develop fourth interconnection between Estonia and Latvia
Elering and Augstsprieguma tīkls (AST), the electricity transmission system operators (TSO) of Estonia and Latvia, have signed a memorandum of understanding (MoU) to jointly develop the fourth interconnection between the two countries. The new interconnection will increase the transmission capacity between Estonia and Latvia and enable the integration of renewable energy sources (RES) in the…
Nokia to slash up to 14,000 jobs after earnings plunge
Nokia, the Finnish telecommunications giant, has announced that it will cut up to 14,000 jobs by the end of 2026 as part of a cost reduction plan. The company said that it will lower its cost base by between 800 million euros and 1.2 billion euros to cope with the challenging market environment. The job…
Aquirian to acquire Wubin Ammonium Nitrate Emulsion Plant from Hanwha for $9.6 mn
SYDNEY, AUSTRALIA: Aquirian Limited via its wholly owned subsidiaries has entered into a binding agreement to acquire the assets and land comprising the Wubin Ammonium Nitrate Emulsion Plant (Facility) from Hanwha. The Facility was built and commissioned in 2020 and is production-ready, with licensing to produce 110kt of ammonium nitrate emulsion annually. The Facility was…
ReFuels joins HyHAUL project to roll out hydrogen fuel cell trucks in the UK
OSLO, NORWAY: ReFuels N.V., a leading supplier of renewable biomethane (Bio-CNG) for heavy goods vehicles (HGV), has announced that it is part of the HyHAUL project, which has received more than GBP 30 million from the UK Government to deploy hydrogen fuel cell trucks and infrastructure. The HyHAUL project is led by Protium and Marubeni…
White Energy Company appoints Greg Sheahan as new CEO
SYDNEY, AUSTRALIA: White Energy Company Limited announced the appointment of Mr Greg Sheahan to the position of Chief Executive Officer (CEO). Brian Flannery will remain as non-executive Chairman but will step down from his current role of Executive Chairman and CEO. Greg Sheahan has a broad experience as both a geologist and a barrister having…
SelfWealth appoints Craig Keary as new CEO
MELBOURNE, AUSTRALIA: SelfWealth Ltd announced the appointment of Mr Craig Keary as its new Chief Executive Officer (CEO). Craig Keary is currently CEO and Principal Consultant of Wise Partnering and was previously Managing Director, Asia Pacific Region, AMP Capital. Prior to this, Craig also held senior management positions at Westpac, Commonwealth Bank and HSBC Bank…
Serabi Gold buys ore sorter for Coringa project
LONDON, UK: Serabi Gold, the Brazilian focused gold mining and development company, has announced that it has bought an ore sorter from the Comex Group for its Coringa gold project. The ore sorter will help increase the grade of the ore being transported to the Palito Complex for processing and boost gold production from Coringa…
EA issues final approval for Recyclus Group’s lead acid battery recycling plant
LONDON, UK: Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, announced that its 48.25% owned battery recycling business, Recyclus Group Ltd, has received final clearance from the Environment Agency (EA) for the variation licence to commence full automated operations at its lead acid…
bioMérieux invests £70M in Oxford Nanopore to advance nanopore-based IVD solutions
LONDON, UK: bioMérieux SA, a world leader in the field of in vitro diagnostics (“IVD”), has announced that it is making an immediate £70M investment in Oxford Nanopore Technologies plc (LSE: ONT), the company delivering a new generation of nanopore-based molecular sensing technology. The investment will give bioMérieux a 3.5% stake in Oxford Nanopore, with…
CoStar Group offers to acquire OnTheMarket plc for £99 million
LONDON, UK: CoStar UK Limited, a wholly-owned indirect subsidiary of CoStar Group, has made a cash offer to acquire OnTheMarket plc. Under the terms, each OnTheMarket shareholder will be entitled to receive 110 pence in cash. The acquisition values the entire issued and to be issued ordinary share capital of OnTheMarket at approximately £99 million…
Spire Healthcare has acquired Vita Health Group for £74 million
LONDON, UK: Spire Healthcare Group plc (LSE:SPI) has acquired Vita Health Group Limited, a market-leading provider of mental and physical health services in the UK, for a net cash consideration of c.£74 million. Vita Health provides a range of NHS outpatient mental health talking therapies, musculoskeletal and dermatology services, with operational hubs in London and…