LONDON, UK: M&G plc, the leading international saving and investment business, announced the appointment of Joseph Pinto as its next Chief Executive Officer of M&G Asset Management. The appointment is subject to regulatory approval. Joseph Pinto will have accountability for all investment capabilities including the equity, fixed income, multi asset, private and alternative asset strategies…
Aker Solutions wins Lapa South West Subsea Contract in Brazil
OSLO, NORWAY: Aker Solutions has been awarded with a sizeble contract by TotalEnergies to provide the subsea production system, tools and all related EPCI interfaces for the Lapa South West field Construction, in the pre-salt Santos Basin offshore Brazil. The development concept is a subsea tie-back to the Cidade de Caraguatatuba FPSO, using existing facilities…
Close the Loop acquires US recycling company In-Plas Recycling for $4.0mn
MELBOURNE, AUSTRALIA: Close the Loop Limited (ASX: CLG) has strengthened its position in the recycling market via the acquisition of US recycling company In-Plas Recycling. The acquisition expands both companies’ service offering in recycled plastics processing. Purchase price is $4.0 million (including up to US$500,000 of inventory) of which $3.0 million is payable at completion…
Diverger Limited acquires Priority Networking (PNET)
SYDNEY, AUSTRALIA: Diverger Limited has executed agreements to acquire a 100% equity interest in Priority Networking (PNET). The initial purchase consideration, funded by Diverger’s existing debt facility, is $2.25 million, with 80% ($1.80 million) settled on completion and the remaining 20% ($0.45 million) settled after 12 months subject to PNET achieving EBITA performance targets. In…
Douglas Thompson appointed CEO of Coronado Global Resources
SYDNEY, AUSTRALIA: Coronado Global Resources announced Douglas Thompson will become Chief Executive Officer in accordance with Coronado’s planned succession process. Gerry Spindler will retire from his role as Chief Executive Officer after the Company’s Annual General Meeting to be held on or about 25 May 2023. He will be appointed to the position of Executive…
How To Safeguard Your Money From A Rising Inflation
Are you concerned about rising inflation? If so, you’re not alone. Many people are worried about the impact of inflation on their finances. Fortunately, you can take steps to safeguard your money from inflation. This blog post will share tips on protecting your finances against a rise in prices. Keep reading to learn more. Buy…
Ahmed Galal Ismail appointed CEO of Majid Al Futtaim Holding
DUBAI, UNITED ARAB EMIRATES: Majid Al Futtaim, the leading shopping malls, communities, retail and leisure pioneer across the Middle East, Africa, and Central Asia, announced on Friday that Ahmed Galal Ismail has been appointed Chief Executive Officer of Majid Al Futtaim Holding. Ahmed Galal Ismail assumes the position from Alain Bejjani, who served in the role for…
ThomasLloyd Energy Impact Trust acquires 100% of SolarArise India Projects
LONDON, UK: ThomasLloyd Energy Impact Trust, the renewable energy investment trust providing direct access to sustainable energy infrastructure in fast-growing and emerging economies in Asia, has successfully completed the acquisition of the remaining 57% economic interest in SolarArise India Projects Private Limited, taking its total ownership to 100%. The consideration of US$38.5 million was funded…
Invinity Energy Systems signs MoU with Dawsongroup to develop UK battery rental offering
LONDON, UK: Invinity Energy Systems (AIM: IES), a leading global manufacturer of utility-grade energy storage, has signed a non-binding Memorandum of Understanding (MoU) with Dawsongroup Power Solutions Limited with the intention of appointing Dawsongroup as Invinity’s exclusive partner for the UK equipment rental market. Dawsongroup has also purchased a 0.22 MWh Invinity VS3 battery which…
Knights Group to acquire Bristol based Meade King for £2.1 million
LONDON, UK: Knights Group has agreed to acquire Meade King LLP, an established, independent law firm in Bristol. Tracing its origins to 1790, Meade King is a long-established independent law firm serving Bristol and the South West. Well-positioned in a significant and competitive market, the firm has strong real estate and corporate offerings, with smaller…
Anthony Reilly appointed Managing Director and CEO of Felix Gold Limited
SYDNEY, AUSTRALIA: Felix Gold Limited (ASX: FXG) announced the appointment of experienced resources industry executive, Mr Anthony Reilly, as Managing Director and CEO. Anthony Reilly has 35 years’ experience across both mineral exploration and development businesses and the global finance industry. He was most recently an Executive Director and CEO of Venturex Resources Limited (now…
Australian Pacific Coal Limited CEO and Executive Chairman David Conry retires
SYDNEY, AUSTRALIA: Australian Pacific Coal Limited (ASX: AQC) announced that the Chief Executive Officer Mr David Conry AM is retiring from his role and has resigned as Executive Chairman, with effect immediately. AQC’s Independent Director Mr Mike Ryan has been appointed as the Interim Chairman. Mr Ryan joined the Board in November 2022 and has…