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…
Dotz Nano Limited appoints Sharon Malka as Chief Executive Officer
SYDNEY, AUSTRALIA: Dotz Nano Limited (ASX:DTZ) announced Mr Sharon Malka has been appointed Chief Executive Officer of the Company, effective immediately. Dotz Nano Limited is an Australia-based technology company focused on developing, manufacturing and commercializing advanced materials for tagging, tracing and verification and diagnostics solutions. Sharon Malka’s appointment follows an extensive international recruitment process led…
New Zealand Oil & Gas executes binding Farm Out Agreement with Triangle Energy
AUCKLAND, NZ: New Zealand Oil & Gas Limited (NZO) has executed a binding Farm Out Agreement (FOA) with Triangle Energy (Global) Ltd (Triangle) (ASX: TEG), to acquire a 25% participating interest in the L7 Production License (L7) and the EP 437 Exploration Permit (EP 437) (together, the Permits). NZO has completed all confirmatory due diligence,…
Interest payments on fixed-term mortgages to soar by 55% in UK
Average interest payments on fixed-term mortgages are set to soar by 55% this year to £500 a month, which would exacerbate the cost-of-living crisis in United Kingdom. And the average cost for fixed-term holders is set to more than double from £322 at the end of last year to £701 a month by 2027, analysis…
UBS has agreed to takeover Credit Suisse
UBS has agreed to buy Credit Suisse. “With the takeover of Credit Suisse by UBS, a solution has been found to secure financial stability and protect the Swiss economy in this exceptional situation,” read a statement from the Swiss National Bank, which pledged a loan of up to 100 billion ($108 billion) Swiss francs to…
Pakistan direly needs a carbon exchange bank
HUB, PAKISTAN: A Carbon Exchange Bank to deposit the carbon credits, the industries earn, is a dire need for Pakistan, said Mr. Ismail Suttar, President of Lasbela Chamber of Commerce and Industry while addressing the Workshop on “Towards Zero Emissions: Sustainable Industry and Climate Action”. The Lasbela Chamber and WWF Pakistan jointly organized the workshop….