LONDON: Utilita Energy failed to meet its carbon reduction obligations under the Energy Company Obligation (ECO) scheme between 2015 and 2018 and will pay £175,000 to the energy redress fund over its failings. ECO is a government energy efficiency scheme…
TOKYO: Mitsubishi UFJ Lease & Finance Company Limited (MUL) has announced its decision to participate in electricity distribution business in the UK by acquiring a stake in “Electricity North West Limited” (ENWL), an electricity distributor supplying the North West of…
LONDON: Chaarat Gold Holdings, the gold mining company with assets in the Kyrgyz Republic and Armenia, announced that following discussions related to the acquisition of the Kapan mine acquired in January 2019 from Polymetal International Plc, Polymetal has agreed to…
KARACHI: As per latest data released by National Electric Power Regulatory Authority (NEPRA), total electricity generation during June 2019 registered 2.0 percent YoY increase to 13,157Gwh against 12,914Gwh in the corresponding month of last year. “Slender rise in electricity generation…
KARACHI: Attock Petroleum Limited (APL) unveiled its FY19 financial results with profit after tax at PKR3.96 billion (EPS PKR39.79) versus PKR5.66 billion (EPS PKR56.83) recorded last year, down 30%YoY. Earnings of the company arrived above expectation owing to higher than…
KARACHI: Pakistan Oilfields Limited (POL) unveiled its FY19 profit after tax at PKR16.87 billion (EPS PKR59.44) versus PKR11.38 billion (EPS PKR40.10) registered during last year, depicting a notable increase of 48%YoY. Net earnings of the company arrived above estimates primarily…
KARACHI: The pharmaceutical manufacturers are anticipating a significant decline in sales, as the border with Afghanistan was closed stopping informal export of medicine to the neighboring country, an industry official said. “Only our company used to send medicines worth approximately…
LONDON: Victoria Oil & Gas Plc, announced that its whose wholly-owned subsidiary, Gaz du Cameroun has signed a non-binding term sheet with Aksa Enerji Uretim to supply Aksa Energy with up to 25mmsfd of gas to Aksa Energy’s planned 150MW…
LONDON: Amigo Holdings PLC, the leading provider of guarantor loans in the UK, confirms Hamish Paton has been appointed as CEO and executive director of the Company with immediate effect, following FCA authorisation. Following the above change the total number…
LONDON, UK: The Board of Future plc, the global platform for specialist media, announced the acquisition of SmartBrief Inc., a leading US based digital media publisher, for an initial sum of $45 million. The initial $45 million will include a…
LONDON, UK: Renalytix AI plc, a developer of artificial intelligence-enabled diagnostics for kidney disease, announced the expansion of its leadership team with the appointment of diagnostic industry leader Thomas McLain as President and Chief Commercial Officer, effective immediately. In this…
SINGAPORE: The Board of Directors of Advanced Systems Automation Limited announced that Yumei Technology Sdn Bhd, a wholly-owned subsidiary of the company, has entered into an agreement with Nakareg International Company Limited, whereby Yumei Technology is appointed as the business…