LONDON: Ofgem has launched an investigation into whether Scottish Power breached rules around obligations to install smart meters for domestic consumers in 2019. Under the Government’s smart metering implementation programme, suppliers are required by their licences to take all reasonable…
NEW YORK: Gen II Fund Services LLC (Gen II), a leading independent private equity fund administrator, announced that it has secured a new strategic investment. General Atlantic (GA), a leading global growth equity firm, and Hg, a leading global software…
LONDON: STM Group Plc, the cross-border financial services provider, has this week signed a credit facility with Royal Bank of Scotland (International) Limited (RBSI), to support its M&A growth strategy. The credit facility is for £5.5m, is to be used…
LONDON: easyJet Plc announced the sale and leaseback of a further eleven aircraft with two counterparties. The transactions generate total cash proceeds of $169.5 million (approximately £130.7m). Ten A320 family aircraft were sold to ACS Aero 2 Beta Limited. The…
LONDON: AVEVA Group plc announced a fully committed and underwritten rights issue to raise gross proceeds of approximately £2.835 billion to partly fund the acquisition of OSIsoft, LLC, a global leader in real-time industrial data software and services. The Rights…
OLDWICK: Global rating agency, AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Singapore Reinsurance Corporation Limited. The ratings…
OSLO: Hexagon Purus has signed a contract with Stadler Rail to develop cylinder storage system for the first hydrogen commuter train in the U.S., a news release said. Hexagon Purus’ storage system is due to be delivered in the fourth…
OSLO: Cloudberry Clean Energy AS and Downing LLP have entered into an exclusivity agreement for the construction and ownership of a 100 MW nearshore, shallow water wind farm in Lake Vänern in southern Sweden. Since the end of June, Cloudberry…
GREEN BAY: Schneider has been honored again for its continuous achievements and commitment towards environmental leadership within the trucking industry. This year’s win marks the 11th time that Schneider has been recognized by the United States Environmental Protection Agency (EPA)…
HONG KONG: Seabury TFX, a company of Seabury Capital Group LLC, rolled out an all-new finance program, TrakFin (www.trakfin.com) on the sidelines of the 2020 Hong Kong Fintech Week. The finance program is targeted to enable companies in the app…
ATLANTA: Americold Realty Trust has acquired South Plainfield, New Jersey-based Hall’s Warehouse Corporation for $480 million, a news release said. Americold also announced two expansion projects, including a build-to-suit expansion in Arkansas for a top tier customer and an expansion…
LONDON: Farfetch, Alibaba Group and Richemont announced a global strategic partnership to provide luxury brands with enhanced access to the China market as well as accelerate the digitization of the global luxury industry. Leveraging each company’s respective expertise and extensive…