As a business owner, you know how important it is to ensure your products are stored safely and efficiently. Pallet racking systems offer the perfect storage solution for businesses of all sizes, allowing them to maximize their warehouse space while keeping their inventory organized. If you need storage solutions for your office space, you can…
Flagstar Bank will purchase deposits, loans and branches from recently closed Signature Bank
Flagstar Bank, a subsidiary of New York Community Bancorp, has entered into an agreement with the Federal Deposit Insurance Corporation (FDIC), to purchase deposits and loans from New York-based Signature Bank. Flagstar Bank will assume substantially all of Signature Bank’s deposits, some of its loan portfolios and all 40 of its former branches. Roughly $60…
Lhyfe and Centrica to jointly develop UK’s first offshore renewable green hydrogen
NANTES, FRANCE: Lhyfe and Centrica have agreed to jointly develop offshore renewable green hydrogen in the UK in a first for the country. The companies have signed a memorandum of understanding (MoU) that could accelerate green hydrogen as part of the energy transition in the UK. Under the agreement, Lhyfe and Centrica will explore combining…
HydrogenPro will invest $50 million as first major step into the US market
OSLO, NORWAY: HydrogenPro will take its first major step into the US market with the establishment of 500 MW manufacturing capacity in Texas, US, with an estimated total investment cost of USD 30-50 million. The brownfield investment includes a separate advanced electrode manufacturing facility, representing a technology game changer in the HydrogenPro solutions offering. This…
Pakistan’s textile sector exports decline by 11%
KARACHI: Pakistan’s textile sector exports declined by 11% in 8MFY23 (July-February 2022-23) to stand at US$11.2bn vs. US$12.6bn in the same period last year. The slowdown is mainly attributable to global recession resulting in lower export orders coupled with challenging domestic environment, an analyst at Insight Securities said. Segment-wise, value-added products (Knitwear, Bedwear, Towels, Readymade…
Ofwat announces new powers on water company dividends
LONDON, UK: Ofwat has today announced new powers that will enable it to stop the payment of dividends if they would risk the company’s financial resilience, and take enforcement action against water companies that don’t link dividend payments to performance. The change will require company boards to take account of their performance – for customers…
UBS has agreed to acquire Credit Suisse for 3.0 billion Swiss Francs
ZURICH, SWITZERLAND: UBS (NYSE:UBS) (SWX: UBSN) plans to acquire Credit Suisse. The combination is expected to create a business with more than USD 5 trillion in total invested assets and sustainable value opportunities. Under the terms of the all-share transaction, Credit Suisse shareholders will receive 1 UBS share for every 22.48 Credit Suisse shares held,…
The Conygar Investment Company sells development site at Haverfordwest, Pembrokeshire
LONDON, UK: The Conygar Investment Company PLC, the property investment and development group, announces that, on 17 March 2023, it exchanged contracts on an unconditional basis to dispose of its development site at Haverfordwest, Pembrokeshire to The Welsh Ministers and POBL Homes and Communities Limited for aggregate gross proceeds of £9.65 million. The development site…
Shawbrook Group to acquire Bluestone Mortgages Limited
LONDON, UK: Shawbrook Group plc has signed an agreement to acquire Bluestone Mortgages Limited (BML), a specialist mortgage lender focused primarily on owner-occupied mortgages. Bluestone Mortgages Limited, part of the Bluestone Group, was established in 2014 and has rapidly secured a notable share of the UK specialist mortgage market through a compelling product and service…
Douglas Brown appointed Director and Chairman of the Board of Fluence Corporation
SYDNEY, AUSTRALIA: Fluence Corporation Limited (ASX: FLC) announced the appointment of Douglas Brown as a Director and Chairman of the Board effective immediately. Douglas Brown is one of only a handful of globally recognized senior executives to have led multiple successful billion dollar exits in the water space. He was the founder, Chairman and CEO…
Bioxyne Limited signs agreement to acquire Breathe Life Sciences
SYDNEY, AUSTRALIA: Bioxyne Limited (ASX: BXN) has executed the long form Sale and Purchase Agreement (SPA) with Breathe Life Sciences (BLS) majority shareholders (who hold approximately 83% of the shares in BLS) to acquire health and wellness company, Breathe Life Sciences Pty Ltd (BLS). Breathe Life Sciences and its subsidiaries (together Breathe Life Sciences) manufactures,…
Tambourah Metals Ltd appoints Ralf Kriege as new CEO
SYDNEY, AUSTRALIA: Tambourah Metals Ltd (ASX: TMB) announced that Ralf Kriege has joined the company as CEO commencing in April 2023. Ralf Kriege is a highly credentialed geologist with significant international and Australian experience in both operational and managerial roles. Ralf will in charge of the company’s day to day operations and will work with…