LONDON, UK: CentralNic Group Plc (AIM: CNIC), the global internet platform that derives recurring revenue from marketplaces for online presence and online marketing services, has entered into an agreement to acquire M.A Aporia Ltd. (Aporia) for an initial consideration of USD 11.2m in cash from Aporia’s founders. Aporia is a technology company operating in the…
Apax Digital invests in Xeneta, an ocean and air freight rate benchmarking, analytics platform
LONDON, UK: On 13 September 2022, The Apax Digital Fund II (ADF II) announced an investment in Xeneta, a leading ocean and air freight rate benchmarking and market analytics platform, as part of an $80 million funding round led by ADF II. As organisations undergo efforts to navigate instabilities in the current uncertain market, access…
Fundsmith LLP proposed to liquidate Fundsmith Emerging Equities Trust
LONDON, UK: The Board of Fundsmith Emerging Equities Trust has proposed voluntary liquidation, with the cash proceeds arising on realisation of the portfolio returned to shareholders. The announcement came following notification from Fundsmith LLP (the investment manager and AIFM of the company) that it intends to give notice under the investment management agreement proposing liquidation….
ARC Funds to launch ARC Emerging Managers as an unlisted fund
SYDNEY, AUSTRALIA: ARC Funds Ltd (ASX:ARC) announced to launch ARC Emerging Managers (AEM) as an unlisted unit trust, with the launch scheduled for late 2022 or early 2023. On 10 th May 2022, ARC announced to the ASX that it had entered into an agreement (the Novation and Implementation Deed) to acquire the investment management…
How harmful thyroid can be for men
At times, you might have experienced weight loss or weight gain. You might have also experienced weakness in the muscles and you must have overlooked the symptoms. Most men experience weight-related issues or muscle weakness at a certain point in time. When men experience these signs, they are not able to connect these signs with…
Primorus invests in Interpac Ltd.
LONDON, UK: Primorus Investments plc (AIM: PRIM) has invested £250,000 into Interpac Ltd. Interpac was founded in 2013 to create a new corrugation process for the manufacture of cardboard which is more cost-efficient and environmentally friendly than current manufacturing processes. Primorus has subscribed for 42,735 shares at a price of £5.85 per share, from the…
Nokia appoints Amy Hanlon-Rodemich as Chief People Officer and member of the Group Leadership Team
ESPOO, FINLAND: Nokia today announced the appointment of Amy Hanlon-Rodemich as Chief People Officer and member of the Group Leadership Team, effective October 24, 2022. Amy Hanlon-Rodemich joins Nokia from GlobalLogic, a leading company in digital product engineering, where she is Chief People Officer. She is an experienced HR executive who has helped some of…
Envelop Risk launches Envelop Capital Markets
MONACO: Envelop Risk, a global specialty cyber underwriting firm, today launches Bermuda-based Envelop Capital Markets, a practice led by veteran underwriter and ILS specialist David Ross (Executive Vice President of ILS & Capital). The practice will develop a market for tail risk protection, retrocession, and cyber reinsurance through both indemnity, and parametric / index structures….
Waga Energy rolls out first RNG project in British Columbia
PARIS, FRANCE: Waga Energy (EPA: WAGA) and the Capital Regional District are rolling out a high-capacity RNG project at Hartland Landfill on Vancouver Island, a statement noted. Waga Energy, a specialist in the production of Renewable Natural Gas (RNG) from landfills, has signed a contract with the Capital Regional District (CRD), one of 28 districts…
Tabreed announces official increase of foreign ownership limit to 100%
ABU DHABI, UNITED ARAB EMIRATES: Tabreed, the UAE’s leading district cooling provider, held a General Assembly on 12 September 2022, chaired by Tabreed’s Chairman, Khaled Abdulla Al Qubaisi, during which shareholders voted to amend Article (7) of the company’s Articles of Association to allow 100 per cent foreign ownership. Previously the limit had been set…
Dubai Investments announces interim dividend distribution
DUBAI, UAE: Dubai Investments PJSC [DFM: DIC], the leading, diversified investment company listed on the Dubai Financial Market (DFM), has announced interim dividend of 7.5% to the shareholders. This interim dividend was the result of the Group’s divestment of 50% equity interest in Emirates District Cooling (Emicool) LLC with the resultant gain of nearly AED…
Latest Technological Innovations and their Impacts Across the Industry
Technological innovations in recent years have been nothing short of astounding and they have touched every industrial sector and their respective markets in turn. The multiconnected impact lines that follow every innovation in technology are hard to trace nowadays because they stretch on to touch numerous, seemingly unconnected sectors and subsectors as well. In fact,…