LONDON, UK: Lords Group Trading Plc has acquired Chiltern Timber Supplies Limited for a total consideration of up to £1.65 million on a net cash free/debt free basis. The acquisition is in line with the Group’s stated IPO strategy, due to its complementary geographic position to the Group’s existing Merchanting branches, offering product range extension…
BurnStar Technologies will process LNG on site at Ironveld’s Rustenburg smelter
LONDON, UK: Ironveld Energy has signed a Letter of Intent (LOI) with BurnStar Technologies (Pty) Limited to proceed towards a binding Legal Agreement under which BurnStar will, implement its patent-pending ‘Guilt-Free Hydrogen technology, to process Liquefied Natural Gas (LNG) on site at Ironveld’s Rustenburg smelter. Under the Agreement, BurnStar will produce hydrogen as a furnace…
Intertek Group agrees to acquire Controle Analítico
LONDON, UK: Intertek Group, a Total Quality Assurance provider to a range of industries worldwide, has agreed to acquire Controle Analítico Análises Técnicas Ltda (Controle Analítico), a leading provider of environmental analysis, with a focus on water testing, based in Brazil. With heightened societal awareness around environmental health and sustainability, and population growth placing greater…
Belluscura Plc begins manufacturing in China
LONDON, UK: Belluscura plc, a leading medical device developer focused on lightweight and portable oxygen concentrator (POC) technology, has commenced manufacturing in China of its X-PLOR portable oxygen concentrator. This follows the manufacturing agreement announced in March 2022 with InnoMax Medical Technology, Ltd to manufacture the X-PLOR portable POC in China, enabling the Company to…
Hammerson Plc completes disposal of its 25% stake in Italie Deux
LONDON, UK: Hammerson Plc has completed the disposal of its 25% stake in Italie Deux, a 62,000m2 shopping centre in central Paris, and 100% of the 6,500m2 Italik extension for cash consideration of €164m to Ingka Centres via a simultaneous exchange and completion. This represents a 4% discount to 31 December 2022 book value and…
Judges Scientific has acquired Henniker Scientific for £2.3 million
LONDON, UK: Judges Scientific, a group focused on acquiring and developing companies in the scientific instrument sector, announces that it has acquired 100% of the issued share capital of Henniker Scientific Limited, a company specialising in deposition and plasma technology based in Runcorn, Cheshire. The Board expects the Acquisition to be immediately earnings enhancing. The…
Saudi Arabia and OPEC+ countries announce 1.16 million bpd cut in oil production
Saudi Arabia and other OPEC+ oil producing countries have announced further cuts in their production amounting to around 1.16 million barrels per day. Saudi Arabia said it would cut output by 500,000 bpd while Iraq will reduce its production by 211,000 bpd, according to official statements. UAE said cut production by 144,000 bpd, Kuwait announced…
How To Work On Improving Yourself
Improving oneself is a lifelong journey that requires commitment and dedication. It’s easy to get caught up in the daily grind of work, school, and family obligations, but it’s important to take time for yourself to focus on personal growth. In this article, we will discuss how to work on improving yourself by creating a…
Tesla reports 36% increase in vehicles deliveries for first-quarter of 2023
American automaker Tesla reported 36% increase in deliveries in the first quarter of 2023 ended March 30 to 422,875 vehicles, compared to the 310,048 deliveries posted during the same period a year earlier, and 4% sequential growth against 405,278 units delivered in the last quarter of 2022. First-quarter vehicle production stood at 440,808 units. The…
U.S. government seeks to reduce or remove tax credits on electric cars
The U.S. government has notified electric vehicle tax rules that will reduce or remove tax credits on some zero-emission models but grant buyers another two weeks before the new requirements take effect. According to Reuters, the Treasury Department rules are aimed at weaning the United States off dependence on China for EV battery supply chains…
Huawei partners Chery, BAIC,Anhui Jianghuai to produce Aito electric vehicles
Huawei Technologies is teaming up with Chery Automobile, BAIC Motor and Anhui Jianghuai Automobile Group in jointly developing and manufacturing Aito-branded electric vehicles, “Huawei, which has already a partnership with Seres Group to make Aito cars, plans a series of models including SUVs, sedans and multipurpose vehicles under the Aito brand, Richard Yu, Huawei’s Smart…
Consumer price inflation in Pakistan recorded at 35.37% in March 2023
KARACHI: Consumer price inflation in Pakistan surged to a record 35.37% in March 2023 compared with the corresponding month last earlier, the Bureau of Statistics said on Saturday. March inflation number eclipsed February’s 31.5%, the bureau said, as food, beverage and transport prices surged up to 50% year-on-year. According to Reuters, a spokesman at the…