LONDON, UK: ITM Power is partnering with Mott Corporation to cement ITM’s market leadership in electrolyser stack technology. Leveraging both companies’ expertise in science and technology, ITM and Mott are collaborating to further advance porous transport layers (PTL), which are a key component of proton exchange membrane (PEM) electrolysis. ITM’s stacks operate at the highest…
Saint-Gobain sells its glass processing business in Portugal to PNI Portugal
LONDON, UK: Saint-Gobain, a global leader in building materials and solutions, has announced the sale of COVIPOR, its glass processing business in Portugal, to PNI Portugal & Permanente SA, a Portuguese company specialized in glass and aluminum products. The deal, which was signed through a binding agreement, involves two industrial locations in the Porto area…
Dr Gerry Murphy will join Tesco Board and be appointed Chair
LONDON, UK: Tesco PLC announced that Dr Gerry Murphy will join the Board and be appointed Chair on 1 September 2023. Gerry Murphy has extensive global leadership experience in both executive and non-executive roles. He is currently Chair of Burberry Group plc and Tate & Lyle PLC. He will step down from Tate & Lyle…
John Wood secures major $250m contract extension in Brunei
LONDON, UK: John Wood Group PLC has been awarded a contract extension worth approximately $250 million (USD) by Brunei Shell Petroleum (‘BSP’), Brunei’s largest energy producer. The two-year extension will focus on the continued rejuvenation of BSP’s offshore energy asset portfolio to maximise production capacity and efficiency. The scope of the contract includes brownfield engineering,…
Novacyt UK Holdings offers to take-over Yourgene Health for £16.7 million
LONDON, UK: Novacyt UK Holdings, a wholly-owned subsidiary of Novacyt S.A., has made an offer to take-over Yourgene Health plc at the rate of 0.522 pence in cash per Yourgene share. The acquisition values the entire issued and to be issued share capital of Yourgene at approximately £16.7 million. The boards of Novacyt and Novacyt…
88 Energy expands its footprint in the Permian Basin with new acquisition
LONDON,UK: 88 Energy Limited, an oil and gas exploration and development company with operations in Alaska and Texas, has announced the acquisition of a new non-operated working interest in leases and wells with conventional onshore production and in development assets within the Permian Basin of Texas, U.S. The deal, which was executed through binding agreements…
LendInvest plc announces of £500 million funding partnership
LONDON, UK: LendInvest plc, the UK’s leading platform for mortgages, has today announced a £500 million investment to fund part of its future mortgage originations for its Buy-to-Let and Residential Mortgage products from Chetwood Financial Limited. This new funding will further the growth of LendInvest’s Buy-to-Let business, which supports professional landlords, as well as its…
Longboat Energy acquires stakes in Statfjord Satellites from INPEX Idemitsu
LONDON, UK: Longboat Energy, an emerging full-cycle E&P company with activities in Norway and Malaysia, has announced the acquisition of stakes in two oil and gas fields on the Norwegian Continental Shelf from INPEX Idemitsu. The deal, which marks Longboat’s entry into production, involves a 4.80% unitised interest in the Statfjord Øst Unit and a…
SYME Completes First Inventory Monetisation Transaction Using Traditional Funding Sources
LONDON, UK: SYME, the fintech business known for its innovative fintech platform, has successfully finalized commercial agreements for its first Inventory Monetisation© (IM) transaction using traditional funding sources. The completion of these agreements marks a significant milestone for the company. Supply@ME UK Stock Company 4 Ltd. (UK StockCo), a subsidiary of SYME, secured a binding…
ME Group expands presence in Japan with acquisition of FUJIFILM’s photobooth business
LONDON, UK: ME Group International plc (LON: MEGP), a leading instant-service vending equipment group, has announced the acquisition of the automated-photobooth business owned by two subsidiaries of FUJIFILM Corporation in Japan. The binding conditional agreement, entered into by ME Group Japan K.K. (“ME Group Japan”), is expected to further expand the company’s operations in Japan…
RPM Automotive to acquire Chapel Corner Tyres, an automotive parts wholesaler and retailer
SYDNEY, AUSTRALIA: RPM Automotive Group Limited (ASX: RPM) has announced its plans to acquire Chapel Corner Tyres, a well-established automotive parts wholesaler and retailer based in the Southern Melbourne metro area. The acquisition, set to take effect on 1 September 2023, is aimed at scaling RPM’s wholesale tyre division distribution network in the Victoria metro…
Exchange rates for GBP against major currencies on July 3, 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 1.1634 Pounds to Euros GBP-USD 1.2699 Pounds to Dollars GBP-NZD 2.0649 Pounds to New Zealand Dollars GBP-AUD 1.9036 Pounds to Australian…