LONDON: Shearwater Group, the organisational resilience group, announced that its group company Brookcourt Solutions has secured a €0.5 million contract with a leading multinational telecommunications company for the extension of its recent Pan-European Data Protection Project. This new contract extends Brookcourt Solutions original €4 million contract win 18 months ago where the business was commissioned…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
Commerzbank publishes voluntary public acquisition offer for comdirect
FRANKFURT: Commerzbank AG published the offer document relating to the voluntary public acquisition offer for all the outstanding shares of comdirect bank Aktiengesellschaft. Commerzbank already holds around 82 percent of the shares in comdirect. The other 18 per cent are in free float. The aim is to merge comdirect into Commerzbank so as to draw…
Emirates Integrated Telecommunications announces 3.7% growth in 9-month adjusted net profit
DUBAI, UAE: Emirates Integrated Telecommunications Company (EITC) published its financial results for the nine-month period ended 30 September 2019, reporting revenues of AED 9.4 billion, an EBITDA of AED 4.22 billion and a Net Profit after royalty of AED 1.29 billion. For Q3 2019, EITC reported revenues of AED 3.07 billion, an EBITDA of AED…
Mycovia announces partnerships to commercialise and manufacture VT-1161
DUBLIN: Mycovia Pharmaceuticals has announced a strategic partnership with Gedeon Richter for the commercialisation and manufacture of VT-1161 for recurrent vulvovaginal candidiasis (RVVC) in Europe, Latin America, Australia, Russia and other CIS countries. This agreement follows the announcement by Mycovia earlier this year of a strategic partnership with Jiangsu Hengrui Medicine to develop and commercialise…
Understanding China conference opens with focus on globalization, multilateralism
GUANGZHOU/Knowledge Bylanes– The fourth Understanding China Conference opened in Guangzhou on Saturday. The conference brings in-depth discussions around the theme of “New Globalization and China’s New Round of Reform and Opening-Up.” About 600 politicians, strategists, scholars, entrepreneurs from 17 countries and regions, as well as representatives of international organizations, participated in the two-day event, according…
Facebook selects ENGAGE to accelerate VR adoption
LONDON: VR Education, a leading virtual reality (VR) technology company focused on the education and enterprise training space, announced that the Group’s ENGAGE platform has been selected by Facebook for its Oculus Independent Software Vendors (ISV) programme. The Oculus ISV programme works with enterprise developers and software companies to engage with Oculus in order to…
Begbies Traynor acquires Alexander Lawson Jacobs Limited
LONDON: Begbies Traynor Group announced the acquisition of the entire issued share capital of Alexander Lawson Jacobs Limited (ALJ), a London-based insolvency and business recovery practice. ALJ is a well-established firm and is ranked as a top 20 UK insolvency practice (by insolvency appointments). The team of 24 directors and employees will join the group…
Kropz and PhosAgro sign MoU to exchange technical expertise
LONDON: Kropz plc, an emerging African phosphate producer, has signed a memorandum of understanding with PhosAgro Group, one of the world’s leading producers of phosphate-based fertilizers, during the Russia-Africa Economic Forum in Sochi, Russia. The two companies have agreed to evaluate opportunities to exchange information and technical expertise in order to increase the capacity of…
NLMK Board approves Sustainable Development Policy
MOSCOW: The Board of Directors of Novolipetsk Steel NLMK Group, a global steel company, has approved the Company’s Sustainable Development Policy. The Policy defines NLMK Group’s sustainability principles, goals and targets, as well as the mechanism for oversight of the Company’s ESG agenda by the NLMK Board of Directors. For example, NLMK’s Strategic Planning Committee…
SGX reports 1Q FY2020 net profit of S$114 million
SINGAPORE: Singapore Exchange (SGX) has reported 1Q FY2020 net profit of S$114.2 million with revenues of S$247.6 million. EBITDA came in at S$156.4 million and earnings per share was 10.7 cents. The Board of Directors has declared an interim dividend of 7.5 cents per share, payable on 11 November 2019. Loh Boon Chye, Chief Executive…
Etihad and Air Arabia join hands to launch Abu Dhabi’s first low-cost carrier
DUBAI: Etihad Aviation Group, owner of the national airline of the United Arab Emirates, and Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, announced the signing of an agreement to launch ‘Air Arabia Abu Dhabi’, the capital’s first low-cost carrier. Etihad and Air Arabia will establish an independent joint venture…
PipeHawk acquires Wessex Precision Instruments Limited
LONDON: PipeHawk Plc has acquired the entire issued share capital of Wessex Precision Instruments Limited for a consideration of £1. Wessex produces and sells a range of equipment for testing the slip resistance characteristics of aggregates used in public areas, including in supermarkets and around swimming pools. The Board believes that the Wessex business presents…