LONDON, UK: Afentra has announced that it has agreed to buy more stakes in two offshore blocks in Angola for a total of $105 million. The company said it will buy a 12% interest in Block 3/05 and a 16% interest in Block 3/05A from Azule Energy Angola Production B.V. for $48.5 million upfront and…
National Grid sells UK gas business to Macquarie-led consortium for £0.7 billion
LONDON, UK: National Grid has agreed to sell another 20% stake in its UK gas transmission and metering business (National Gas) to a group of long-term infrastructure investors led by Macquarie Asset Management (the “Consortium”). The deal is worth about £0.7 billion and is on the same financial terms as the original 60% sale, which…
Gooch & Housego to acquire Artemis Optical Holdings for up to £8.9 million
LONDON, UK: Optical components & systems maker Gooch & Housego PLC (AIM: GHH) has agreed to buy thin-film coating specialist Artemis Optical Holdings Ltd (“Artemis”) for up to £8.9 million. The deal will boost G&H’s product range and allow it to integrate and sell its combined skills more effectively. Artemis is known for its cutting-edge…
Exchange rates for GBP against major currencies on July 19, 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 1.1599 Pounds to Euros GBP-USD 1.3026 Pounds to Dollars GBP-NZD 2.0815 Pounds to New Zealand Dollars GBP-AUD 1.9171 Pounds to Australian…
Why The Probability Range Value Is Zero – Know By The Probability Calculator
The term that indicates the event occurrence likelihood is called the probability. With the help of our possibility calculator, you can find the event occurrence accurately and fastly by just putting the values in the designated field of the tool. In this article, we will discuss why the range value of the probability is equal…
FASB suggests modifying the way purchased financial assets are accounted for
The Financial Accounting Standards Board (FASB) has put forth a proposal known as the Accounting Standards Update (ASU), which focuses on enhancing the accounting practices for purchased financial assets. In an effort to improve this area of accounting, the FASB is actively seeking input and feedback from stakeholders until August 28, 2023. Following the introduction…
What are the Key Features of a Lithium Ion Battery Inverter?
Energy storage solutions are crucial for ensuring an efficient and sustainable power supply for devices and systems. There are different types of batteries employed in inverters to work accordingly. However, lithium-ion batteries have significantly gained popularity among the various types of batteries due to their exceptional performance and versatility. Lithium ion battery inverters are substantial…
Online Loan Lenders vs Traditional Ones – Which Are Better?
There are several possibilities when it comes to getting a loan. You can go through a traditional lender, such as a bank or credit union, or you can take the modern route and apply for an online loan from one of many online lenders. So which option is better? The answer isn’t quite simple, as…
Ford slashes F-150 Lightning prices to compete with Tesla
Ford Motor Co. on Monday announced a sharp reduction in the prices of its F-150 Lightning electric trucks, including a 17% cut for the base model, as it seeks to gain an edge over Tesla Inc. in the fast-growing EV market. The Detroit-based automaker said it was able to lower prices after improving its scale…
Summit Bank Limited changes name to Bank Makramah Limited
KARACHI, PAKISTAN: Summit Bank Limited announced that the State Bank of Pakistan has granted its consent to change Summit Bank’s name to Bank Makramah Limited (abbreviated as BML). This will become effective subject to other regulatory and corporate approvals. This name change follows the recent acquisition of a controlling stake in Summit Bank by prominent…
Saudi Aramco CEO joins BlackRock board of directors
BlackRock, the world’s largest asset manager, announced Monday that Amin Nasser, the CEO of Saudi Aramco, the world’s largest oil company, is joining its board of directors. The move reflects BlackRock’s emphasis on the Middle East as part of its long-term strategy, as well as its recognition of the global energy transition and the shift…
Kingspan acquires majority stake in Steico, the world leader in natural insulation
LONDON, UK: Kingspan Group plc, the global leader in high performance insulation and building envelope solutions, announced today that it has agreed to buy c.51% of the shares of Steico SE, the world leader in natural insulation and wood-based building envelope products, for EUR35 per share, with an option to buy a further c.10% of…