SYDNEY, AUSTRALIA: Atomos Limited (ASX: AMS) announced the appointment of interim Chief Executive Officer (CEO) and Chief Technology Officer (CTO), Trevor Elbourne, to the position of Chief Executive Officer, effective immediately. Trevor was appointed interim CEO in April 2022 and successfully launched the Company’s new cloud-based products and services shortly after that. He is based…
Core Lithium appoints Gareth Manderson as new CEO
SYDNEY, AUSTRALIA: Core Lithium Ltd (ASX: CXO) announced the appointment of experienced and well-credentialed Mr Gareth Manderson as the Company’s new Chief Executive Officer, succeeding Stephen Biggins who announced his resignation as Managing Director in March. Mr Manderson has 28 years’ experience in the mining and minerals sector and joins Core Lithium after having served…
Meezan Bank & Arif Habib Group sign partnership for apartment development
KARACHI, PAKISTAN: Arif Habib Group (AHG), and Meezan Bank Limited (MBL) have entered into a strategic partnership to jointly develop and sell apartment towers at Naya Nazimabad. This collaboration will allow customers to opt for the Shariah Compliant Home financing services offered by MBL. MBL has entered into a Musharakah Agreement with Globe Residency REIT…
Lindian Resources appoints Alistair Stephens as CEO
SYDNEY, AUSTRALIA: Lindian Resources Limited (ASX: LIN) announced the appointment of Alistair Stephens as Chief Executive Officer, effective from Monday 8 August 2022. The appointment follows Lindian’s recent announcement that it has agreed terms to acquire a 100% interest in Rift Valley Resource Developments Limited, a Malawi company that owns the globally significant Kangankunde Rare…
Are You A Property Manager? Here’s Some Important Advice
Property management is a rather rewarding career, but it’s also quite challenging. Besides having to be familiar with the laws related to property ownership and rental, being responsible for all building maintenance, attending to tenants’ needs, and managing communications between landlords and tenants, a good manager also needs to remain up to date with all…
Renold Plc has acquired Industrias YUK for €24 million
LONDON, UK: Renold Plc, a leading international supplier of industrial chains and related power transmission products, has acquired the entire issued share capital of Industrias YUK S.A. for a total cash consideration of €24 million. Highlights Established in 1964, YUK is a Valencia-based, manufacturer and distributor of high quality conveyor chain (“CVC”) and ancillary products….
Phoenix Group Holdings has acquired Sun Life UK for £248 million
LONDON, UK: Phoenix Group Holdings has acquired Sun Life UK, a closed book UK life insurance company, from Sun Life Financial Inc. for cash consideration of £248 million. This equates to an attractive price to shareholder Own Funds ratio of 83%1, in line with the Board’s disciplined approach to the deployment of shareholder capital. The…
Remgro and SAS Shipping jointly acquiring Mediclinic for £3.7 billion
LONDON, UK: Manta Bidco Limited, a newly formed company owned by Remgro Limited and SAS Shipping Agencies Services, will acquire Mediclinic. The acquisition values the entire issued and to be issued ordinary share capital of Mediclinic at approximately £3.7 billion and an implied enterprise value of approximately £6.1 billion. Under the terms of the acquisition,…
Jean Murphy appointed Chief Executive Officer of Recognise Bank Limited
LONDON, UK: City of London Group announced Jean Murphy has been appointed as Chief Executive Officer of Recognise Bank Limited, the Company’s principal operating subsidiary. Jean Murphy previously held senior roles at a number of international banks, including Director of Private Banking at Morgan Stanley and Executive Director of Goldman Sachs Wealth Management Division. Ms…
Informa Plc completes divestment of Maritime Intelligence (Lloyd’s List)
LONDON, UK: Informa Plc (LSE: INF.L) announced the completion of its Portfolio Focus programme following the divestment of Maritime Intelligence (Lloyd’s List) for £385m ($458m); Total value realised through the Group’s 2021-2024 Growth Acceleration Plan (GAP II) is c.£2.5bn (c.$3bn). Stephen A. Carter, Group Chief Executive, Informa PLC, said: “Over the past year, we have…
Monitoring of foreign exchange operations enhanced
KARACHI, PAKISTAN: In view of recent volatility in the exchange rate and the difference between the interbank rate and the rate offered by Exchange Companies (ECs) and banks to their customers, Pakistan’s central bank has increased the monitoring of the foreign exchange operations of ECs and banks. In this respect, State Bank of Pakistan (SBP)…
The Main Reasons Why It’s Important To Diversify Your Investment Portfolio
Investment is no doubt one of the best approaches to building wealth. Some investors even claim that doing this makes you rich quicker than saving. A well-thought-out long-term strategy is required to invest in assets like stocks, bonds, mutual funds, EFTs, and many more to generate additional income. But the question arises, how should one…