As a small business owner, you know that success often comes down to making careful financial decisions—ones that keep your operations running smoothly and ensure profitability. But while the day-to-day challenges of entrepreneurship can be overwhelming (and exciting!), taking control of your finances is essential to long-term survival, especially in uncertain economic times. This is…
Geely and Renault team up to invest 7 billion euros in hybrid engines
Geely Automobile Holdings, China’s largest privately owned car maker, and Renault SA, France’s second-biggest car maker, have announced a joint venture to invest up to 7 billion euros in developing and producing gasoline engines and hybrid technology for automobiles. The joint venture, which will be equally owned by the two companies, will aim to become…
McPhy installs first hydrogen station on a French highway
PARIS, FRANCE: McPhy Energy, a French company specialized in low-carbon hydrogen production and distribution equipment, has announced the commissioning of a hydrogen station with a distribution capacity of up to 60 kg per day for the Dyneff Toulouse Sud-Sud highway filling station in the Occitanie region. The station, which is designed and manufactured entirely in…
Pension SuperFund Capital eyes 70 pence/share takeover of STM Group
LONDON, UK: Pension SuperFund Capital, a pension risk transfer specialist, has reached an agreement in principle with STM Group, a cross border financial services provider, on the key terms of a possible cash offer for the entire issued and to be issued share capital of the company. The possible offer values STM Group at 70…
GSEO completes first hybrid solar and battery plant in Australia
LONDON, UK: GSEO, a London-listed company focused on the energy infrastructure for the global transition to net zero, has announced that it has completed the construction of its first hybrid solar and battery plant in Australia. The plant, located in South Australia, consists of a 2 hours 4.95MW battery energy storage system (BESS) co-located with…
Eco Atlantic sells 6.25% stake in South Africa block to Africa Oil
LONDON, UK: Eco Atlantic Oil & Gas Ltd., an exploration company focused on the offshore Atlantic Margins, has agreed to sell a 6.25% interest in Block 3B/4B, offshore South Africa, to its partner and operator Africa Oil Corp. for up to US$10.5m in cash. The deal, which is subject to regulatory approvals from the South…
Intuitive Investments Group appoints Sir Nigel Rudd as its next chairman
LONDON, UK: Intuitive Investments Group plc (IIG), a closed-end investment company focused on the life sciences sector, has announced the appointment of Sir Nigel Rudd as its next chairman. Sir Nigel, a veteran of the UK business scene who has chaired several FTSE 100 companies, will take over the role from Julian Baines, who will…
Christie Group chief executive David Rugg steps down after 35 years
LONDON, UK: Christie Group plc, the leading provider of professional business services to the leisure, retail and care sectors, has announced that its long-serving chairman and chief executive David Rugg has resigned with immediate effect. Mr Rugg, who joined the group in 1986 and became its chief executive in 1993, has decided to leave the…
Pennon Group buys three solar projects to boost green energy
LONDON, UK: Pennon Group, the owner of South West Water and Viridor, has announced the acquisition of three solar power projects in the UK, as part of its strategy to expand its renewable energy generation and achieve net zero emissions by 2030. The three projects, located in Buckinghamshire, Aberdeenshire and Cumbria, have a combined capacity…
Centrica signs major LNG supply agreement with Delfin Midstream
LONDON, UK: Centrica and Delfin Midstream Inc today announced the signature of a long-term Sale and Purchase Agreement for 1.0 million tonnes per annum (MTPA) of Liquefied Natural Gas (“LNG”) for 15-years on a Free on Board (“FOB”) basis at the Delfin Deepwater Port, located 40 nautical miles off the coast of Louisiana. This agreement…
Foxconn exits India’s chip making project with Vedanta
Foxconn, the world’s largest contract electronics manufacturer and a key supplier to Apple, has backed out of a $19.5bn deal with Vedanta Resources to build a semiconductor plant in India. The companies had announced the joint venture in August 2022, saying it would create 100,000 jobs and boost India’s domestic chip production. But less than…
Aker Carbon Capture appoints Egil Fagerland as new Chief Executive Officer
OSLO, NORWAY: Aker Carbon Capture announced the appointment of Egil Fagerland as its new Chief Executive Officer with effect from today, July 11, 2023. Fagerland will replace Valborg Lundegaard, who is stepping down to focus on her health and family. Fagerland is currently CFO of Aker Carbon Capture and has been with the company since…