LONDON, UK: Scotia Gas Networks Limited (SGN), a gas distribution company, has announced that Simon Kilonback will be its new Chief Financial Officer from September 2023. Simon has over 25 years of experience in senior finance roles, especially in infrastructure and utility businesses. He was the CFO of Transport for London (TfL) for five years…
InPost acquires 30% stake in Menzies, its UK logistics partner
AMSTERDAM: InPost, the European automated parcel machine service provider, has announced that it has acquired a 30% equity stake in Menzies, its UK logistics partner, for £49.3 million. The deal also gives InPost a three-year option to buy the remaining 70% stake in Menzies, one of the UK and Ireland’s leading time-sensitive delivery businesses. The…
ATC completes acquisition of Sandbag, a merchandise company
LONDON, UK: ATC Group plc (AQSE: ATC), a music company that offers talent management, live booking, livestreaming and talent services, has announced that it has completed the acquisition of a 60 per cent. stake in Sandbag Limited, a company that provides merchandise solutions for artists and brands. The acquisition, which was announced on 28 June…
How Will the Gaming Industry Evolve in the Coming Years
Video gaming has gone from a niche hobby enjoyed by a few distinct demographics of people to a mainstream form of entertainment that’s on its way to rival movies and television as one of the most popular ways to relax and unwind at home. It’s logical that we’re seeing this trend. The gaming industry has…
Tata Group to build $5.2bn EV battery plant in Britain for Jaguar Land Rover
Tata Group, the Indian conglomerate that owns Jaguar Land Rover (JLR), has announced that it will invest 4 billion pounds ($5.2 billion) to build an electric vehicle (EV) battery plant in Britain, creating up to 4,000 jobs and boosting the country’s car industry. The plant, which will be Tata’s first gigafactory outside of India, will…
Tesla seeks approval for major expansion of Berlin factory
Tesla has applied to German authorities for permission to make extensive changes to its factory near Berlin, as part of its ambitious plan to turn the site into Europe’s largest car plant. The electric car maker published application documents on Wednesday, showing the long list of modifications it wants to make at the plant in…
Westpac announces restructure and leadership changes
SYDNEY, AUSTRALIA: Westpac Banking Corporation, one of Australia’s largest banks, has announced a restructure to support its next strategic phase, following a period of simplification and exiting nine businesses. The bank said it will appoint dedicated group executives for consumer banking and business banking, and separate these divisions from its specialist businesses. It will also…
Why Investing in a Business Website is a Smart Strategic Move
Are you looking to make a strategic move for your business? One of the smartest investments you can make is investing in the development of a website. For individuals and businesses, having an online presence continues to be increasingly important in today’s digital world. Not only does it provide you with greater visibility, but it…
How To Build A Useful Business App
Having a useful and efficient business app is essential for success. A well-designed app can streamline processes, enhance productivity, and provide a competitive edge. However, building a business app from scratch can be a daunting task for those who need more technical expertise. Thankfully, there are powerful app-building platforms available that simplify the process and…
Fitch Ratings, Moody’s Investors Service, and S&P Global Upgrade Emaar Properties PJSC’s Credit Ratings
UNITED ARAB EMIRATES, DUBAI: Emaar Properties PJSC, Dubai’s premier realestate developer, received credit rating upgrades from Fitch Ratings, Moody’s, and S&P Global, reflecting its strong financial performance and improved leverage ratios. Fitch Ratings has upgraded Emaar Properties Long-Term Issuer Default Rating to ‘BBB’ from ‘BBB-, with a Stable Outlook. Moody’s has similarly upgraded Emaar Properties…
HID Global to buy French card personalization company, Evolis, for euros 228.4 mn
PARIS, FRANCE: HID Global, a subsidiary of the Swedish group Assa Abloy and a leader in identification systems and applications, has announced that it has entered into exclusive negotiations to buy Evolis, a French company that specializes in decentralized personalization of credit card format cards. HID has agreed to buy Cedys & Co, which holds…
Renascor Resources signs MOU with Mitsubishi Chemical for graphite products
SYDNEY, AUSTRALIA: Renascor Resources (ASX: RNU), a graphite producer in South Australia, has announced that it has signed a non-binding memorandum of understanding (MOU) with Mitsubishi Chemical Corporation, a Japanese chemical giant and a leading manufacturer of lithium-ion battery anode materials. The MOU outlines the potential sale of graphite concentrates, purified spherical graphite and other…