SYDNEY, AUSTRALIA: Westpac Group announced the appointment of Yianna Papanikolaou to the newly created position of Chief Transformation Officer. Ms Papanikolaou will sit on the Group’s Executive Team and report to CEO, Peter King. She will have responsibility for major change and investment programs and accountability for the CORE (Customer Outcomes and Risk Excellence) Program….
Arafura Resources gets $30mn funding under Modern Manufacturing Initiative
SYDNEY, AUSTRALIA: Arafura Resources Limited (ASX:ARU) has been awarded grant funding of $30 million under the Federal Government’s Modern Manufacturing Initiative (MMI) which will contribute to the construction of an $90.8 million rare earth separation plant at its Nolans Project (Nolans). The $1.3b MMI forms part of the Resources Technology and Critical Minerals Processing Roadmap…
Kongsberg Automotive wins contract worth EUR 58mn
OSLO, NORWAY: Kongsberg Automotive’s Fluid Transfer Systems (FTS) business unit has secured a contract worth EUR 58 million in estimated lifetime revenue and average annual revenue of EUR 14.5 million. The four-year contract covers Kongsberg Automotive’s Fluoro-Comp hose, and stainless-steel braided PTFE brake lines for a global automotive Tier 1 supplier based in North America….
Synergy Group completes POSTech acquisition
SYDNEY, AUSTRALIA: Synergy Group Limited (ASX: IS3) has completed the acquisition of 100% of the shares in POSTech International Pty Ltd. Commenting on the acquisition, Managing Director, Dato’ Lawrence Teo said: “We’re pleased to have completed the acquisition of POSTech, and we look forward to welcoming its employees, integrating its operations and serving its customers”….
Motio Limited acquires UK based Liquid Thinking Limited
SYDNEY, AUSTRALIA: Motio Limited (ASX: MXO) has acquired 100% of UK based Liquid Thinking Limited (owner of the Spawtz Software operated in Australia by Motio under license) which also operates through licensees in South Africa and New Zealand, a bourse filing noted. Liquid Thinking’s portfolio of customers and technology focusses on delivering end-to-end player registration,…
Has Beer Consumption Increased or Decreased over the last Few Years?
The global market for beer has increased considerably since the early 1990s, far outpacing wine and spirits. Barring dips during the 2008 global financial crisis, and the 2020 coronavirus lockdown, sales of alcoholic beer in the UK have been steadily climbing – and they’re projected to climb still further in 2022. Increased Lager Consumption Lager stands…
Voltalia sells a 33% of SSM1&2 solar plant in Brazil to STOA
PARIS, FRANCE: STOA, an investment fund specialized in infrastructure projects in developing and emerging countries, is acquiring a 33% equity stake in the SSM1&2 solar plant, Voltalia’s 320 megawatt solar power plant in Brazil. Voltalia is an international player in renewable energies. STOA has become a 33% shareholder in the company that owns the SSM1&2…
TerrAscend becomes 1st cannabis operator to launch retail app on Apple Store
TORONTO: TerrAscend Corp. (CSE: TER), a leading North American cannabis operator, launched The Apothecarium mobile retail app for Apple iOS devices. Available for download through the Apple App Store for customers in New Jersey and California. Users can now place orders for pickup at The Apothecarium dispensaries in Maplewood and Philipsburg, NJ, as well as…
London stocks closes negative in line with Asian markets
London stocks closed down territory on Tuesday, having taken their cue from heavy losses in Asia, as investors mulled economic data including the latest UK jobs figures. The FTSE 100 ended the session down 0.25% at 7,175.70, and the FTSE 250 was off 1.04% at 20,257.66. Sterling was in the green, meanwhile, last trading up 0.38% on the dollar…
Irina Bokova steps down from PhosAgro’s Board of Directors
MOSCOW, RUSSIA: PhosAgro, one of the world’s leading vertically integrated phosphate-based fertilizer producers, announced that Irina Bokova is leaving the company’s Board of Directors. Ms Irina Bokova joined PhosAgro’s Board of Directors in 2018 as an independent director. In May 2019, she was elected Chair of the Board’s Sustainable Development Committee. Bokova has served as…
Peter Ventress appointed chair designate of Howdens Joinery Group
LONDON, UK: Howdens Joinery Group has appointed Peter Ventress as Chairman Designate and Non-Executive Director effective 1 July 2022, and he will assume the role of Chairman from 17 September 2022, a bourse filing noted. Peter is currently Chairman of Bunzl plc and Galliford Try plc. He was formerly a Non-Executive Director of BBA Aviation…
Berkeley acquires National Grid’s 50% stake in St William Homes JV for £412.5mn
LONDON, UK: The Berkeley Group Holdings has acquired National Grid’s 50% interest in its St William Homes LLP joint venture, which is now a wholly owned subsidiary of the company, for cash consideration of £412.5 million. Berkeley grows its land holdings through both direct acquisitions and land-led partnerships and joint ventures. St William formed in…