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…
Engro and Excelerate Energy sign MoU to develop private RLNG sector in Pakistan
KARACHI, Pakistan: Engro Eximp FZE, a subsidiary of Engro Corporation, announced today that it has entered into a Memorandum of Understanding (“MOU”) with Excelerate Energy Inc. (NYSE: EE), a leading provider of flexible LNG infrastructure solutions around the world, related to the development of a private sector gas marketing business in Pakistan. Under this MOU,…
M&G plc to acquire Continuum Financial Services
LONDON, UK: M&G plc announced an agreement to acquire Continuum Financial Services, a fast-growing provider of independent financial advice. M&G is taking an initial 49.9% stake in the business this year with a scheduled agreement in place to acquire the remainder over the following 2 years. The purchase price is undisclosed. On completion Continuum will…
Aladdin ElAfifi to lead EFG Hermes’ NBFI Platform as New CEO
CAIRO, EGYPT: EFG Hermes Holding, an impact driven universal bank in Egypt with the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today the appointment of Aladdin ElAfifi as the new CEO of its NBFI platform effective August 1st, 2022. With his appointment, Aladdin ElAfifi will assume the overall responsibility in leading the…
Recyclus ‘Halo’ battery boxes receive UN-standard safety certification
LONDON, UK: Technology Minerals Plc (LSE: TM1), the first listed UK company to focus on creating a sustainable circular economy for battery metals, announces that Recyclus Group, a 49% Technology Minerals-owned company, has been granted a UN-standard safety certification for its industry-leading battery boxes. The battery boxes, under the brand name Halo, provide a secure solution to…