LONDON, UK: Oneiro Energy PLC (LSE:ONE), the Company listed on the LSE and focused on energy transition, has announced today that it has appointed Andrew (“Andy”) Yeo as its Non-Executive Chairman. Robert Jones will stay on the Board as a Non-Executive Director. Mr Yeo is an expert in the oil and gas sector and is…
B&M saves 51 Wilko stores in £13m deal
A deal with B&M has saved 51 of Wilko’s 400 stores from closure, after the high street chain went into administration. The deal, worth £13m, was announced by B&M, which operates about 1,150 stores in the UK and France under the B&M and Heron brands. The deal follows the failure of a previous bid to…
Empower’s summer campaign succeeds in rationalizing energy consumption, reducing bills
DUBAI: Empower, the world’s largest district cooling services provider, announced the success of its summer campaign ‘Set and Save 24°C’ to reduce energy consumption and bills. The campaign, which runs until the end of summer, aims to promote sustainability among its customers and provide eco-friendly and high-quality district cooling services. The company said that it…
Farid Al Mulla named as the new Chief Executive Officer of Emirates Islamic
DUBAI, UAE: Farid Al Mulla has been named as the new Chief Executive Officer of Emirates Islamic, one of the UAE’s leading Islamic financial institutions. He will take over from Salah Amin, who is retiring after serving the Emirates NBD Group for nearly 35 years. Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of…
6 Tips To Follow When Organizing Company Storage Space
Efficient organization is the key to success. And when it comes to keeping your company’s storage space in order, the stakes are high. Cluttered and disorganized storage areas can lead to lost time, wasted resources, and unnecessary stress. But fear not, because in this article, we’re about to unveil six game-changing tips that will transform…
Eutelsat partners with Karista’s Spacetech Fund
PARIS, FRANCE: Karista and Eutelsat Communications today announced a new strategic partnership which will see Eutelsat become a new subscriber to the venture capital (VC) firm’s Spacetech fund. This will add to Karista’s ability to fully harness the unprecedented momentum that is building up in the space economy. For Eutelsat, the new partnership consolidates its…
ECI Partners agree to acquire Commify in a €300 million deal
LONDON, UK: Hg, the manager of HgCapital Trust plc (HGT), has agreed the sale of Commify, the UK-headquartered European leader in business messaging solutions to Local Enterprises, to ECI Partners. The terms of the transaction have not been disclosed and completion is subject to closing conditions. HGT, whose shares are listed on the London Stock…
BCAL Diagnostics appoints Shane Ryan as COO
SYDNEY, AUSTRALIA: BCAL Diagnostics Limited, an Australian biotech company developing a blood test for breast cancer, has announced the appointment of Mr Shane Ryan as its Chief Operating Officer, effective from 21 September 2023. Mr Ryan will oversee the clinical, marketing, and business development aspects of the company, as well as its global partnerships and…
Rio Tinto appoints Jérôme Pécresse as new Aluminium Chief Executive
LONDON, UK: Rio Tinto has appointed Jérôme Pécresse to lead its Aluminium business, succeeding Ivan Vella. Jérôme, who was until recently President and CEO of General Electric (GE) Renewable Energy, will join Rio Tinto on 23 October 2023. Jérôme is a French citizen with over 30 years of business experience, including senior leadership roles in…
RPM Automotive Group appoints Guy Nicholls as COO
SYDNEY, AUSTRALIA: RPM Automotive Group Limited (ASX: RPM), a leading player in the Australian automotive aftermarket sector, has announced that Guy Nicholls, a current Non-Executive Director, will become an Executive Director and take on the role of Chief Operating Officer of the company, effective immediately. Guy Nicholls has over 30 years of experience in the…
Orora Group to acquire Saverglass at an enterprise value of AUD 2.156 billion
SYDNEY, AUSTRALIA: Orora Group has entered into arrangements relating to the acquisition of Saverglass, a global leader in the design, manufacturing, customisation and decoration of high-end bottles for the premium and ultra-premium spirit and wine markets. The enterprise value of AUD 2.156 billion represents an implied multiple of 7.7x Adjusted EBITDA of Saverglass for the…
Auckland Airport’s top infrastructure officer quits for KiwiRail
AUCKLAND, NZ: Auckland Airport has announced the resignation of its Chief Infrastructure Officer Andre Lovatt, who will leave the organisation in December 2023 to join KiwiRail in the same role. Mr Lovatt has been with Auckland Airport for five years and has been instrumental in leading the infrastructure team and the development programme after the…