Lloyds Banking Group has announced plans to close 53 more branches in 2023, bringing the total number of closures to 144. The closures will affect Lloyds Bank, Halifax and Bank of Scotland branches across the UK. The bank says that the closures are necessary due to a decline in customer use of branches. In the…
ESB and Ørsted join forces to boost Ireland’s offshore wind sector
ESB, Ireland’s leading utility, and Ørsted, the world leader in offshore wind, have announced a landmark deal to jointly develop an Irish offshore wind portfolio that could generate up to five gigawatts (GW) of renewable energy and support the country’s transition to net-zero emissions. The agreement, which was launched on Friday in Cork by Minister…
Gold prices today – June 2, 2023
As of 8:44 AM PST on June 2, 2023, the price of gold is $1,976.90 per ounce. This is a decrease of $2.10 from the previous day’s close. The gold price has been on a downward trend in recent weeks, due to a number of factors, including rising interest rates and a stronger US dollar….
Pakistan’s petroleum sales plunge by 40% YoY in May 2023
The sales of petroleum products in Pakistan witnessed a sharp decline of 40% year-on-year (YoY) in May 2023, reaching 1.30 million tons, according to the latest data released by the Oil Companies Advisory Council (OCAC). The drop in petroleum sales was attributed to various factors, such as the surge in petroleum prices, the slowdown in…
How to Install SPC Flooring Yourself
If you’re looking for a durable and stylish flooring option that’s easy to install, SPC flooring is a great choice. SPC stands for Stone Polymer Composite, and it’s made from a mixture of stone, polymers, and additives. This makes it strong, water-resistant, and scratch-resistant. SPC flooring is also relatively easy to install. If you have…
Pakistan to Introduce Digital Currency in the Future
Pakistan is on its way to introducing a digital currency, similar to cryptocurrencies like Bitcoin and Ethereum. This was announced by Shoukat Bizinjo, Additional Director, Digital Financial Services Group, State Bank of Pakistan (SBP), at the 16th international conference on Mobile Commerce, organized by Total Communications. Bizinjo said that the SBP is reviewing and consulting…
Li Auto Delivers More Than Twice as Many Cars in May
Chinese electric car startup Li Auto said it delivered more than twice as many cars in May versus a year ago. For a third-straight month, Li Auto’s deliveries topped 20,000 with a climb to 28,277 vehicles in May, according to a release Thursday. That’s up by about 146% from a year ago. In contrast, competitors…
Exchange rates for GBP against major currencies on June 2, 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 1.1636 Pounds to Euros GBP-USD 1.2533 Pounds to Dollars GBP-NZD 2.0556 Pounds to New Zealand Dollars GBP-AUD 1.8952 Pounds to Australian…
Synlait to Divest Dairyworks and Talbot Forest Cheese businesses
SYDNEY, AUSTRALIA: Synlait Milk Limited (Synlait) has announced plans to divest its Dairyworks and Talbot Forest Cheese businesses. The move comes as Synlait undertakes a strategy and capital structure refresh, including an asset review. Synlait CEO Grant Watson said the divestment would allow the company to focus on its core businesses of Advanced Nutrition and…
Funds advised by Apax invest in Swing Education
LONDON, UK: Apax Global Alpha, the closed-ended investment company providing access to the Apax Private Equity Funds, today announced that it expects to invest approximately €1.7m in Swing Education on a look-through basis. On 1 June 2023, the Apax Global Impact Fund (“AGI”), in which AGA is a limited partner, announced an investment in Swing…
Origin Enterprises acquires UK’s leading tree nursery
LONDON, UK: Origin Enterprises plc, the international Agronomy-Services group that provides specialist advice, inputs and digital solutions to promote sustainable land use, has announced the acquisition of British Hardwood Tree Nursery Limited (BHT), one of the UK’s leading suppliers of bare root trees, shrubs, hedgerow plants and planting accessories. The acquisition is part of Origin’s…
Ashington Innovation raises £809k in IPO to target fintech and deep tech sectors
LONDON, UK: Ashington Innovation plc, a special purpose acquisition company (“SPAC”) aiming to benefit from favourable price conditions for companies in the financial services technology (fintech) and deep technology (deep tech) sectors, has announced the results of its initial public offering and standard listing on the Main Market of the London Stock Exchange (“the Offering”)….