LONDON, UK: Saint-Gobain has signed a binding agreement to sell its wood processing and distribution business in Denmark, Protræ, because of inadequate positioning and lack of critical mass, to its main customer jem & fix. Protræ employs around 100 people located in two facilities in Rødding and Holsted, and generated sales of around €120 million…
GRC’s IT Governance expands capabilities into US
LONDON, UK: GRC International Group PLC (AIM: GRC), the international governance, risk management and compliance company whose main business is cyber defence-in-depth, announces that its IT Governance business is now providing Payment Card Industry (PCI) Qualified Security Assessor (QSA) services in the USA. The business has been authorised to operate in the US and now…
Orbital Marine completes operational finance for tidal turbine technology
LONDON, UK: Orbital Marine Power, the renewable energy company focused on the development and global deployment of its pioneering floating tidal turbine technology, today reached a significant operational funding milestone. New investment secured from the Scottish National Investment Bank and individuals via the Abundance Investment platform will finance the ongoing operation of the O2, the…
Ithaca Energy announces acquisition of Siccar Point Energy
LONDON, UK: Ithaca Energy announced that its acquisition of Siccar Point Energy, announced on 7 April 2022, has completed with all conditions having been met. The acquisition positions Ithaca as one of the leading E&P operators in the UK North Sea with four of the basin’s largest producing fields and some of its largest development…
Strip Tinning Holdings announces glazing contract wins for EV
LONDON, UK: Strip Tinning Holdings plc (AIM: STG), a leading supplier of specialist connectors to the automotive sector, has secured a significant new 5 year nomination with BMW for its Glazing division, underlining Strip Tinning’s position as a leading supplier of specialist connectors to the Glazing sector for all classes of automotive vehicles manufactured worldwide….
Alan Curran appointed interim CEO of Providence Resources Plc
DUBLIN, IRELAND: Providence Resources Plc (PVR), the Irish based energy company, announced that Alan Curran has been appointed Interim Chief Executive effective 4th July. Following Alan’s appointment, James Menton reverts to his role as non-executive Chairman of the Board. Alan’s career spans 40 years in the oil and gas industry where he has held a…
H&T Group acquires Swiss Time Services for £4.3 million
LONDON, UK: H&T Group announced the acquisition of Swiss Time Services Limited, a leading independent watch servicing and repair centre. H&T is paying a total consideration of £4.3 million for Swiss Time Services, inclusive of a net cash balance of £0.5m which is subject to an adjustment mechanism. The Acquisition will be funded from the…
TECO 2030 gets funding for developing the high-speed vessel of the future
LYSAKER, NORWAY: TECO 2030 ASA (OSE: TECO) leads a consortium with partners Umoe Mandal and BLOM Maritime to develop a hydrogen powered high-speed vessel with zero emissions. The consortium will receive up to 5 million NOK in funding support. The vessel will combine the class-leading fuel cell systems from TECO 2030 and energy-efficient catamaran design…
QPF Finance acquires 70% stake in Chevron Equipment Finance
SYDNEY, AUSTRALIA: COG Financial Services Limited (COG) announced the acquisition of a 70% interest in Club Transport Finance Pty Ltd (trading as Chevron Equipment Finance) via its subsidiary QPF Holdings Pty Limited (QPF). The transaction was completed on Friday 1 July 2022. Chevron Equipment Finance specialises in arranging asset finance for commercial clients. Its client…
Chief Executive of EDB highlighted the economic plans for the Kingdom at AmCham Bahrain AGM
BAHRAIN: The American Chamber of Commerce in Bahrain hosted its Annual General Meeting on Sunday 26 June, 2022 at the Gulf Hotel with AmCham members and guests. AmCham was honored to present keynote speaker H.E. Khalid Humaidan, Bahrain Economic Development Board Chief Executive who discussed the long-standing relationship between the U.S. and the Kingdom of…
UK at risk of recession – Ways to protect yourself financially
You don’t have to look far to see the latest headlines warning of the state of the UK economy. Recent news has warned that, due to the cost-of-living crisis and soaring inflation, the country could be heading into a recession. Whilst there’s not much any one individual can do about the looming downturn, there…
Vertu Motors acquires Wiper Blades Limited for £3.5mn
LONDON, UK: Vertu Motors, the UK automotive retailer with a network of 160 sales and aftersales outlets, announced the acquisition of Wiper Blades Limited, a leading e-commerce business specialising in the on-line sale of car wiper blades and other associated products through operating websites. This acquisition is in line with the stated strategy of the…