The latest data from the Society of Motor Manufacturers and Traders (SMMT) showed that new car registrations in Britain increased by about 20% in September compared to the same month last year. The growth was mainly driven by fleet buyers, while private consumers remained cautious. The data also revealed that battery-electric vehicles (BEVs) saw an…
Essar Oil UK secures $150 million financing for working capital and low-carbon refinery project
Essar Oil UK Ltd. (EOUK), a subsidiary of Essar Energy Transition (EET), has secured $150 million in financing from Hamburg Commercial Bank AG and Mizrahi Tefahot Bank Ltd. for working capital and general expenses. The financing will help EOUK strengthen its customer relationships, increase its sales volumes and optimize its longer term financing strategy. EOUK…
MERGE acquires Zee Jay Digital to boost content supply chain management
MERGE, a company that combines storytelling and technology to promote health, wealth and happiness, has announced the acquisition of Zee Jay Digital, a leading Adobe Workfront platform partner. The deal will enhance MERGE’s Adobe platform capabilities and enable it to manage content supply chains more effectively for its clients. Zee Jay Digital is a US-based…
Horizon Minerals acquires lithium prospects near Greenbushes mine
SYDNEY, AUSTRALIA: Horizon Minerals Limited, a Western Australian mining company, has announced that it has entered into an agreement to acquire 100% interest in two greenfield lithium prospects near Bridgetown, less than 20km from the world-class Greenbushes lithium mine. The acquisition cost is $75k in cash and 4 million Horizon shares. The two acquired projects…
QXR to acquire 75% stake in large-scale US lithium brine project
SYDNEY, AUSTRALIA: QXR Resources Limited, an Australian battery minerals company, has announced that it has entered into an agreement to earn a 75% interest in the Liberty Lithium brine project in California, USA. The project covers 102 square kilometers of land with a surface anomaly of high lithium concentrations up to 215 milligrams per liter….
Saudia enters a new era through major re-brand strategy
JEDDAH, KSA: Saudia, the national flag carrier of Saudi Arabia, revealed its new brand identity and livery during a milestone event in Jeddah, in the presence of Royal Highnesses, Excellencies and leaders from both the public and private sectors, as well as prominent media correspondents and aviation experts. This new identity is in line with…
PEXA to buy UK conveyancing tech firm Smoove Plc for £30.8 million
SYDNEY, AUSTRALIA: PEXA Group Limited, a leading digital property exchange platform and property insights solutions business in Australia, has announced its intention to acquire Smoove plc, a UK-based conveyancing technology provider. The deal, which is subject to shareholder approval, will value Smoove at £30.8 million (A$58.6 million) and will be funded through cash held by…
Fitch Ratings affirms Victoria Plc’s credit rating
LONDON, UK: Victoria PLC (LSE: VCP), the international designers, manufacturers and distributors of innovative flooring, advised that international credit rating agency Fitch Ratings yesterday affirmed the Company’s credit rating following a recent review that stated: “Fitch Ratings has affirmed Victoria PLC’s Long-Term Issuer Default Rating (IDR) at ‘BB-‘ with a Stable Outlook. Fitch has also…
Unite Students CEO Richard Smith to step down
LONDON, UK: Unite Students, the UK’s leading student accommodation provider, has announced that its CEO Richard Smith will step down at the end of 2023 after 13 years with the company. He will be succeeded by Joe Lister, the current CFO, who has been with Unite for 22 years. Michael Burt, the current Group Investment…
Ofcom refers cloud market to CMA over competition concerns
LONDON, UK: Ofcom, the UK communications regulator, has asked the Competition and Markets Authority (CMA) to investigate the public cloud infrastructure services market, after finding features that may limit competition and innovation. Cloud computing, which uses remote data centres to provide businesses with software, storage and networking, is vital for many sectors of the UK…
ConocoPhillips and Suncor buy TotalEnergies’ Canadian assets
PARIS, FRANCE: TotalEnergies EP Canada Ltd. has finalized today the sale to ConocoPhillips of its 50% interest in the Surmont oil sands asset and associated midstream commitments. The transaction, for a base amount of C$4.03 billion (about US$3.0 billion) plus up to C$440 million (about US$330 million) in contingent payments, has an effective date on…
Anglesey Mining CEO resigns, joins Silver Mines Limited
LONDON, UK: Jo Battershill, the Chief Executive Officer of Anglesey Mining plc, a UK minerals development company, has announced his resignation effective from 1st January 2024. He will join Silver Mines Limited, an Australian silver development company, as its Managing Director. Battershill will remain as a Non-Executive Director of Anglesey Mining after his departure. Anglesey…