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…
Spanish Government approves sale of ITP Aero
LONDON, UK: Rolls-Royce announced that the Spanish government has approved the sale of ITP Aero to a consortium of investors led by Bain Capital Private Equity. This follows the approval of all other relevant regulatory authorities. As a result, the completion of the transaction, at an enterprise value of approximately €1.8 billion, is expected in…
Mustang Energy to acquire its 27.4% interest in VRFB Holdings Limited
LONDON, UK: Mustang Energy PLC (MUST) has entered into a conditional agreement with Acacia Resources Limited to acquire its 27.4 per cent interest in VRFB Holdings Limited. Acacia currently holds a 24.04 per cent interest in MUST and holds a principal amount of US$2.3 million of the Company’s US$8.0 million (10 per cent) unsecured convertible loan…
MTN invests in Emerge Game Studio
SYDNEY, AUSTRALIA: Emerge Gaming Limited (ASX: EM1) has entered into an agreement with MTN to invest R2.4 million (~A$210,000) into premium games content and game streaming platform development. This investment by MTN into Emerge’s Game Studio and the previously reported investment into the marketing and promotion for the benefit of the Emerge operated MTN Arena…
Veolia signs deal to merge into Vigie SA
PARIS, FRANCE: Veolia (Paris:VIE) has signed a merger agreement concerning the merger of Vigie SA (formerly known as Suez SA) into Veolia. The purpose of this merger is to simplify and rationalize the legal structure of the Veolia group. Following the broad success of the cash tender offer initiated by Veolia, which allowed for the…