KARACHI: Board of Directors of Shell Pakistan Limited (SPL) announced the company’s financial results for the year ended December 31st, 2022. The company posted a loss after tax of PKR 72 million for 2022 compared to the profit of PKR…
KARACHI: Profit repatriation out of Pakistan has declined from average $135 million/month during FY22 to $30 million/month during 7MFY23 (July-January 2022-23) over efforts to contain SBP foreign exchange reserves. In January 2023 alone, repatriation declined to all-time low at $2.9…
LONDON, UK: Capital for Colleagues, the investment vehicle focused on opportunities in the Employee Owned Business (EOB) sector, has successfully led an investment of £8.0 million into a substantial investment round by a new portfolio company, Morris Commercial Ltd. Morris…
LONDON, UK: Sancus Lending Group announced the sale of Sancus Lending (Gibraltar) Limited for £10,000 to Mr John Davey. As noted on 10 January 2023, in reviewing its operations in Gibraltar during 2022, the Company did not identify sufficient quality…
LONDON, UK: Severfield plc, the market-leading structural steel group, has entered into an agreement to acquire 100% of the share capital of Voortman Steel Construction Holding B.V. (VSCH), an innovative European steel construction group, for a net consideration of €24…
DUBAI, UAE: TECOM Group, the creator of specialised business districts and vibrant communities, held its inaugural Annual General Assembly Meeting at one of its major business parks, Dubai Internet City. During the meeting, shareholders approved the Group’s financial statements for…
AUCKLAND, NZ: TradeWindow (NZX:TWL) outlined proposed cost reductions to reduce cash usage to a more sustainable level. The proposed changes reflect a more conservative approach to its R&D investments in a challenging funding market for early-stage technology companies. The announcement…
SYDNEY, AUSTRALIA: Ignite Limited announced that Tim Moran has tendered his resignation as Chief Executive Officer. Tim’s final employment date will be 31 March 2023. Following Tim’s decision to step down as CEO, Ignite has appointed Cameron Judson as Executive…
OpenAI has created GPT-4, the latest milestone in OpenAI’s effort in scaling up deep learning. “The AI technology “exhibits human-level performance on some professional and academic tasks,” a company blog noted. The company said the model is “more creative and…
LONDON, UK: Centrica plc has announced plans to extend the lives of the Heysham 1 and Hartlepool nuclear power stations, which are now expected to close in March 2026, two years later than previously forecast. These extensions are expected to…
LONDON, UK: Playtech Plc announced a landmark strategic partnership with Hard Rock Digital (“HRD”), the exclusive, global vehicle for interactive gaming and sports betting for Hard Rock International and Seminole Gaming. Under the partnership, HRD will license a range of…
LONDON, UK: Fintech Asia (LON:FINA), a company established to acquire one or more companies or businesses in the financial technology sector, has entered into a heads of terms to acquire the entire issued share capital of InvesCore Financial Group. InvesCore…