SINGAPORE: HRnetGroup Limited has acquired 11.67 million shares of Staffline Group at a price of 180 pence for a total cash consideration of £21.009 million. Following the acquisition, HRnetGroup’s total holding in Staffline has increased to 17.154 million shares representing 24.89% of the total voting rights of Staffline. The transactions will be funded through internal…
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Dubai Investments reports 17% increase in second quarter profits
DUBAI: Dubai Investments PJSC, the leading diversified investment company listed on the Dubai Financial Market, reported profit of AED 151 million for the second quarter ended June 30, 2019, an increase of 17% compared to the same period last year. In his comments, Khalid Bin Kalban, Managing Director and CEO of Dubai Investments, said: “Dubai…
Tabreed reports 11% growth in net profit for the first half of 2019
ABU DHABI: National Central Cooling Company (Tabreed), the leading UAE-based regional district cooling developer, released its consolidated financial results for the first half of 2019 ended June 30, 2019. The company continues to meet the region’s growing demand for district cooling and delivers solid performance and growth. Financial highlights – six months ended 30 June…
Shell completes sale of $965 million interest in the Caesar-Tonga asset
HOUSTON – CNW: Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, has completed the sale of 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Equinor Gulf of Mexico LLC (Equinor), a subsidiary of Equinor ASA, subject to approval of the lease assignments by the regulator. The…
Pasha Brands announces acquisition of Earth Dragon Organics
VANCOUVER – CNW: Pasha Brands Ltd., Canada’s largest craft cannabis brands organization, has announced the acquisition of a national brand known as Earth Dragon Organics – a leading pre-legalization manufacturer and purveyor of small batch cannabis-infused topicals, based in British Columbia. Pasha Brands, Canada’s largest craft cannabis brands organization. (CNW Group/Pasha Brands Ltd.) Since its…
Finablr renews concession agreement with London Heathrow Airport
LONDON: Finablr PLC announced that one if its subsidiaries, Travelex (UK) Limited has renewed its foreign exchange, ATM and VAT concession agreements with London Heathrow Airport to allow its current operations to continue until early 2024. Travelex has a long history with London Heathrow Airport, with Travelex being the first non-bank foreign exchange provider at…
Sensyne Health signs collaboration agreement with Bayer
OXFORD, UK: Sensyne Health plc, the British clinical AI technology company, has signed an initial two-year collaboration agreement with Bayer to accelerate the clinical development of new treatments for cardiovascular disease using Sensyne Health’s proprietary clinical AI technology platform. The initial agreement will generate revenues for Sensyne Health of £5 million across the two-year collaboration.…
Elektron Technology to sell Elektron Technology UK for £105 million
LONDON, UK: Elektron Technology plc has entered into a conditional agreement with a special purpose vehicle wholly-owned by Equistone Partners Europe to sell the entire issued share capital of Elektron Technology UK Limited (which holds the Bulgin business) for a total cash consideration of £105 million. Net proceeds after all costs including the settlement of…
Henry Boot secures second stage of £180 million regeneration project
LONDON: Henry Boot PLC, a company engaged in land promotion, property investment and development, and construction, announces that its subsidiary, Henry Boot Construction Limited has signed a contract with Barnsley Council to deliver Phase 2 of The Glass Works development scheme. The Glass Works Phase 2 is the second stage of a £180 million regeneration…
Resolute to acquire Toro Gold for US$ 274 million
LONDON: Resolute Mining Limited has signed a binding agreement (Implementation Agreement) with Toro Gold Limited pursuant to which Resolute will acquire all of the shares of Toro Gold for US$ 274 million (US$130 million cash and 142.5 million Resolute shares). Toro Gold’s flagship asset is the low-cost, high-margin Mako Gold Mine (Mako) located in Senegal.…
Ricardo Plc completes acquisition of PLC Consulting
LONDON: Ricardo plc, a global engineering, technical, strategic and environmental consultancy business, announced that further to the statement on 1st July 2019, it has completed the acquisition of the entire share capital of PLC Consulting Pty Ltd for a total maximum cash consideration of AUD 9.64 million, subject to any adjustment to reflect net cash…
Harwood Wealth Management to acquire Goldwyns Wealth Management
LONDON: Harwood Wealth Management Group, a leading UK based financial planning and discretionary wealth management business, has exchanged contracts to purchase Goldwyns Wealth Management Limited, based in Southend on Sea, and the trade and assets of Andrew Routley Pension Limited, based in Portsmouth; both are established financial advisory firms. The purchase price for Goldwyns is…