LONDON: Investment platform Lightyear has launched three high-yield money-market funds for UK retail investors, in collaboration with BlackRock, according to international-adviser. Highlights: · The funds are designed to be a low-risk investment, with a target net asset value of $/€/£ 1 per…
LONDON: Marks and Spencer Group (M&S) is set to regain its place on the FTSE 100 index after four years, following strong share price gains this year. Highlights: · M&S’s strong performance this year has been driven by a number of…
European economies face renewed contraction, marked by a notable decline in business activity throughout August, reaching levels not seen since November 2020. LONDON: The Eurozone’s flash composite Purchasing Managers’ Index (PMI), a key indicator of economic health, stumbled to 47.0…
Kasikornbank, Thailand’s second-biggest lender, is in talks to buy Home Credit Vietnam, a consumer finance provider, in a deal worth up to $1 billion, Reuters reported. The deal would further its push to expand in Vietnam, where it hopes to…
AUCKLAND, NZ: Summerset Group, a leading retirement village operator in New Zealand, has announced the purchase of two new properties in Rolleston (Christchurch) and Mosgiel (Dunedin) for more than $400 million. The company said that the new sites will each…
SYDNEY, AUSTRALIA: APA Group (ASX:APA), a leading Australian energy infrastructure business, has announced that it has entered into a Share Sale Agreement with Alinta Power Cat Pty Ltd and Alinta Energy Development Pty Ltd to acquire 100% of Alinta Energy…
SYDNEY, AUSTRALIA: Sequoia Financial Group Limited (ASX: SEQ), a diversified financial services company, has announced that it has completed the acquisition of Castle Corporate Pty Ltd and Castle Legal Pty Ltd (Castle), a leading provider of legal and corporate services,…
LONDON, UK: Wynnstay Group plc, the agricultural and specialist merchanting group, has announced the appointment of Rob Thomas as its new Group Finance Director, following the retirement of Paul Roberts. Rob Thomas will join the Group on 2 October 2023…
LONDON, UK: Graft Polymer (UK) plc announced the signing of a manufacturing service agreement with a prominent partner in the Israeli pharma market, including GPL acting as a lead contract manufacturing organization (‘CMO’). Under the agreement, Graft Polymer is to…
LONDON, UK: Ofgem has levied a fine of £5.41 million on Morgan Stanley & Co. International plc (MSIP) for not recording and retaining electronic communications between January 2018 and March 2020. These communications were made by wholesale energy traders, on…
International Business Machines (IBM) has entered into an agreement to divest its weather business to private equity firm Francisco Partners, as disclosed by the technology services giant on Tuesday. The financial terms of the transaction remain undisclosed. This transaction encompasses…
PARIS, FRANCE: TotalEnergies has signed an agreement with CapeOmega Carbon Storage AS, a wholly owned subsidiary of CapeOmega AS, to acquire the 40% participating interest held by CapeOmega in the CO2 storage exploration license ExL004 (the “Luna” project). Located 120…