LONDON, UK: Workspace Group PLC, London’s leading owner and operator of sustainable, flexible work space, today announced the sale of five non-core properties in the South-East of England for a total consideration of £82m. Completion will take place in June 2023. The properties being sold comprise light industrial and logistics properties in Bracknell, Crawley, Poyle,…
Rurelec to sell its Argentinian assets and pay special dividend
LONDON, UK: Rurelec PLC, an independent power producer with operations in Latin America, has agreed to sell its Argentinian assets to a consortium of local investors for up to USD 5m (c£4m). The deal is subject to shareholder approval and is expected to complete in June 2023. The Argentinian assets include Rurelec’s 50% stake in…
Chesnara to acquire Canada Life UK’s Individual Protection Business
LONDON, UK: Chesnara plc, the European life and pensions consolidator, today announced that it has reached an agreement with Canada Life UK to acquire its onshore individual protection line of business, which was closed to new business in November 2022. As a result of the acquisition, the life insurance and critical illness policies for approximately…
Apax XI Fund to acquire minority stake in IBS Software
LONDON, UK: Apax XI Fund, a global private equity firm, today announced that it has signed a definitive agreement to acquire a significant minority stake in IBS Software, a leading provider of modern software solutions to the global travel and logistics industry. The transaction is expected to close by Q3 2023, subject to customary closing…
Atlantic Lithium appoints new CEO and Head of Business Development
LONDON, UK: Atlantic Lithium Limited, a company that aims to deliver Ghana’s first lithium mine, has announced the appointments of Keith Muller as its new Chief Executive Officer and Len Kolff as its Head of Business Development & Chief Geologist. The company, which is listed on AIM, ASX and OTCQX, is developing the Ewoyaa Lithium…
EU clears Microsoft’s $69 billion Activision Blizzard deal with conditions
Microsoft has won approval from European Union regulators for its $69 billion acquisition of gaming giant Activision Blizzard, after offering concessions to address competition concerns in the cloud gaming market. The European Commission, the EU’s executive arm, said on Monday that Microsoft agreed to let users stream Activision games they buy on any cloud gaming…
7 Tax Management Tips For Business Owners
As a business owner, managing your taxes is an important thing you should be aware of. Tax management can be complicated and challenging, but having a good grasp of tax requirements, filing deadlines, payment options, and other rules and regulations can help keep you organized so that your taxes are handled efficiently. By following these…
HBL Microfinance Bank partners with SCO to establish software Technology Park in Skardu
ISLAMABAD, PAKISTAN: HBL Microfinance Bank (HBL MfB) has announced its partnership with Special Communications Organisation (SCO) to establish and operate the first-ever Software Technology Park (STP) in Skardu, Gilgit-Baltistan. HBL Microfinance Bank has extended its support of Rs. 15 million to this cause. The STP Skardu has shown promising results in its pilot launch phase,…
Newmont to acquire Newcrest Mining in $17.5 billion deal
SYDNEY AUSTRALIA: Newmont, the world’s largest gold miner, has agreed to acquire Australia’s Newcrest Mining in a deal worth $17.5 billion. The deal, which is expected to close in the second half of 2023, would create the world’s largest gold mining company with a market capitalization of over $100 billion. Newmont is offering 0.400 of…
Amazon to Fund 300 New Apprenticeships in UK
Ecommerce giant Amazon has announced it will fund 300 new apprenticeship positions in the next 12 months across 250 small and medium-sized businesses and partners across the UK. The new roles will be funded by Amazon through its apprenticeship levy, which is a tax on companies with a payroll over £3 million. The levy can…
Apple launches satellite communication features for iPhone 14 users in Australia and New Zealand
Apple has launched its emergency satellite communication features for iPhone 14 users in Australia and New Zealand on Monday, allowing them to contact emergency services and share their location with friends and family in places with no cellular or Wi-Fi connectivity. The company announced the service with the iPhone 14 launch last September and first…
Apple Supplier Foxconn to Invest $500 Million in India
Apple supplier Foxconn will invest $500 million to set up manufacturing plants in the southern Indian state of Telangana, the state’s IT minister said on Monday. The investment will create 25,000 jobs in the first phase, K. T. Rama Rao said in a tweet. Reuters in March reported that Foxconn had won an order to…