LONDON, UK: Elivia Homes announced the acquisition of Millwood Designer Homes from Places for People Group. The deal will see Elivia expand into East Sussex and Kent with Millwood Designer Homes becoming its third region which, over time, will rebrand to Elivia Homes. Elivia Homes launched its new brand identity and corporate strategy in April…
Toyota Motor Corporation announces changes to its executive structure
TOYOTA CITY, JAPAN: Toyota Motor Corporation (TMC) intends to implement changes to its executive structure effective April 1, 2023, and changes to its Board of Directors effective the date of its 119th Ordinary General Shareholders’ Meeting. Accordingly, Takeshi Uchiyamada will resign from his post as Chairman of the Board of Directors. Akio Toyoda will be…
Visa and WIZZIT sign MoU to launch tap to phone in Pakistan and Levant
KARACHI: Visa signed an MoU with WIZZIT to bring innovative payment solutions to Pakistan. According to the MOU, Visa will invest in adding new payment solutions through the WIZZIT mobile app that will provide, low cost, seamless and secure payment solutions including Tap to phone services for merchants and SMEs across the country for the…
Anglo American loads first LNG dual-fuelled vessel in chartered fleet
LONDON, UK: Anglo American announces that its newly launched LNG dual-fuelled Capesize+ vessel, the Ubuntu Harmony, has loaded its first cargo of iron ore from its Kumba operations in South Africa. The vessel is the first of ten LNG dual-fuelled new-build ships that Anglo American will introduce to its chartered fleet during the course of…
LSL Property Services sold its London Estate Agent Marsh & Parsons for £29 million
LONDON, UK: LSL Property Services announced the sale of its London Estate Agent Marsh & Parsons (Holdings) and its subsidiaries to a subsidiary of Dexters London Limited. The consideration is £29 million on a cash free debt free basis, payable in cash at completion, subject to normal working capital adjustments. For the 2021 financial year,…
JLEN has acquired 33% equity stake in Foresight Hydrogen Holdco GmbH (FHHG)
LONDON, UK: JLEN, the listed environmental infrastructure fund, has acquired 33% equity stake in Foresight Hydrogen Holdco GmbH (FHHG). Foresight Hydrogen Holdco GmbH (FHHG) holds a 75% stake in HH2E Werk Thierbach GmbH, a Special Purpose Vehicle which owns the development rights to the Thierbach green hydrogen project (“Thierbach”), a large green hydrogen production plant…
Ian McLaughlin appointed new CEO of Provident Financial
LONDON, UK: Provident Financial plc (PFG) announced Malcolm Le May has decided to step down as Chief Executive Officer (CEO). The Group also announced the appointment of Ian McLaughlin as CEO and Executive Director, subject to regulatory approval. Malcolm Le May will continue as CEO until Ian joins, and then will remain with PFG to…
Dubai Investments acquires 9.0% stake in Monument Bank, UK based Digital Bank
DUBAI, UAE: Dubai Investments [DIC] has acquired 9% equity stake in Monument Bank Limited, a UK Based Digital Bank regulated by the Financial Conduct Authority (UK) and the Prudential Regulation Authority (UK). Monument Bank is focused on the overlooked ‘mass affluent’ segment in the UK. The bank’s strategic goal is to provide core banking and…
Ericsson appoints Jenny Lindqvist as Head of Market Area Europe & Latin America
ESPOO, FINLAND: Ericsson (NASDAQ: ERIC) has appointed Jenny Lindqvist Senior Vice President, Head of Market Area Europe & Latin America, as of February 1, 2023. Effective the same date she will become member of the Ericsson Executive Team, reporting to the CEO. Jenny Lindqvist currently holds the position of Vice President and Head of Northern…
Sindh Engro and Power Cement sign MoU to blend Thar coal in cement manufacturing
KARACHI, PAKISTAN: Sindh Engro Coal Mining Company (SECMC) and Power Cement has signed a memorandum of understanding (MOU) for a trial run of Thar coal for cement production in their manufacturing unit. The memorandum was signed by Sindh Engro Coal Mining Company CEO Amir Iqbal and Power Cement CEO Kashif Habib. Under the MoU between…
Velocys and Bechtel Energy collaborate project delivery solution for global markets
LONDON, UK: Velocys plc, the sustainable fuels technology company, executed a master relationship agreement (MRA) with Bechtel Energy, one of the world’s most respected engineering companies. The MRA sets out a route map for the parties to collaborate with each other with the objective of developing an EPC execution model for the Company’s sustainable fuels…
Gore Street Energy Storage Fund to acquire energy storage project in Texas
LONDON, UK: Gore Street Energy Storage Fund has agreed to acquire a 75 MW / 150 MWh energy storage project located in Texas, United States. Following this acquisition, GSF’s internationally diverse portfolio will consist of 26 projects with a total capacity of 973.2 MW in operation and construction across the UK, Ireland, Germany and the United…