Economy of the United Kingdom

Luna Innovations Acquires OptaSense

Retrieved on: 
Thursday, December 3, 2020

Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced optical technology, today announced it has acquired OptaSense Holdings, Ltd. (OptaSense), a QinetiQ company (LON: QQ), for 29 million British Pounds in cash.

Key Points: 
  • Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced optical technology, today announced it has acquired OptaSense Holdings, Ltd. (OptaSense), a QinetiQ company (LON: QQ), for 29 million British Pounds in cash.
  • "With the combination of Luna and OptaSense, we are bringing together businesses with strong adjacencies and a large, combined opportunity.
  • OptaSense will become a fully owned subsidiary of Luna Innovations Incorporated, while continuing to operate under its existing brand for the foreseeable future, and OptaSense employees will remain within the company, with offices in the United Kingdom, Dubai, the United States and Canada.
  • Luna expects that this transformative acquisition will:
    Provide Luna with important Distributed Acoustic Sensing (DAS) intellectual property, products and expertise.

VA Ready Partners with BAE Systems to Help Virginians Find Gainful Employment

Retrieved on: 
Friday, November 20, 2020

In partnership with VA Ready, BAE Systems will help train and place program participants primarily into manufacturing-related jobs that do not require a clearance, including the marine trades, HVAC and electrical industries.

Key Points: 
  • In partnership with VA Ready, BAE Systems will help train and place program participants primarily into manufacturing-related jobs that do not require a clearance, including the marine trades, HVAC and electrical industries.
  • "Our partnership with BAE Systems will lead to many great opportunities for Virginians who have been struggling to recover from the financial fallout of Covid-19," said Caren Merrick, CEO of Virginia Ready.
  • "The opportunities BAE Systems will help VA Ready provide to unemployed and underemployed Virginians in the near-term will have a profound impact on our community.
  • BAE Systems is one of the most admired companies in Virginia and many Virginians will benefit from our partnership."

United Kingdom Macroeconomic Conditions Report 2020: COVID-19 Has Catapulted the UK Economy Into Further Uncertainty, Adding to the Volatility Already Caused by Brexit - ResearchAndMarkets.com

Retrieved on: 
Thursday, November 19, 2020

COVID-19 has catapulted the UK economy into further uncertainty, adding to the volatility already caused by Brexit.

Key Points: 
  • COVID-19 has catapulted the UK economy into further uncertainty, adding to the volatility already caused by Brexit.
  • This research service has been designed to help clients develop visioning scenarios and gain deeper insights into the general macroeconomic conditions in the UK.
  • The research has been divided into four sections: macroeconomic outlook for the UK; the impact of COVID-19 on the macroeconomic outlook; the impact of Brexit on the macroeconomic outlook; and industry outlook.
  • The GDP growth trajectory for the UK has been assessed under the scenarios of both a first and a second wave of COVID-19.

Key Trends and Opportunities in the UK Construction Market to 2024: The Implications of COVID-19 and Brexit - ResearchAndMarkets.com

Retrieved on: 
Thursday, November 19, 2020

The "Construction in the United Kingdom (UK) - Key Trends and Opportunities to 2024" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Construction in the United Kingdom (UK) - Key Trends and Opportunities to 2024" report has been added to ResearchAndMarkets.com's offering.
  • Commentators had been expecting a post-Brexit trade deal between the UK and EU, although the probability of no deal has increased significantly recently.
  • A failure to reach an agreement will have severe repercussions for the UK economy, particularly for the construction sector.
  • It provides -
    Historical (2015-2019) and forecast (2020-2024) valuations of the construction industry in the UK, featuring details of key growth drivers.

TCI Fund Management Limited Announces Submission of Climate Change Shareholder Proposal to Canadian Pacific Railway Limited

Retrieved on: 
Thursday, November 19, 2020

TCI's proposal also seeks to provide shareholders with an advisory vote at the 2021 AGM to approve CP's plan, and subsequently, at each annual general meeting on an ongoing basis.

Key Points: 
  • TCI's proposal also seeks to provide shareholders with an advisory vote at the 2021 AGM to approve CP's plan, and subsequently, at each annual general meeting on an ongoing basis.
  • TCI, as a significant shareholder, looks forward to the publication of CP's climate action plan and working together in an effort to give shareholders an opportunity to have their say on these critical issues.
  • Founded in 2003 by Sir Christopher Hohn, TCI is a value orientated, fundamental investor which invests globally in strong businesses with sustainable competitive advantages.
  • Using a private equity approach, TCI conducts deep fundamental research, constructively engages with management and adopts a long-term investment horizon.

BAE Systems Awarded Life-Extension Contract for Swiss CV90 Combat Vehicles

Retrieved on: 
Wednesday, November 18, 2020

BAE Systems Hgglunds has received a contract from the Swiss Federal Office for Defense Procurement (armasuisse) for the life-extension of the Swiss Armys CV9030, known as the Schtzenpanzer 2000.

Key Points: 
  • BAE Systems Hgglunds has received a contract from the Swiss Federal Office for Defense Procurement (armasuisse) for the life-extension of the Swiss Armys CV9030, known as the Schtzenpanzer 2000.
  • View the full release here: https://www.businesswire.com/news/home/20201118005626/en/
    BAE Systems has received a life-extension contract to keep the Swiss Armys fleet of 186 CV9030s in service until 2040.
  • As part of the contract, BAE Systems Hgglunds, the original manufacturer of the CV90, has already been working closely with Swiss industry to meet the industrial cooperation requirements.
  • This new contract is the result of effective cooperation between BAE Systems, armasuisse, and the Swiss Army.

DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG: Operational business remains robust in the COVID 19 pandemic - key figures further improved

Retrieved on: 
Tuesday, November 17, 2020

DEMIRE Deutsche Mittelstand Real Estate AG: Operational business remains robust in the COVID 19 pandemic - key figures further improved

Key Points: 
  • DEMIRE Deutsche Mittelstand Real Estate AG: Operational business remains robust in the COVID 19 pandemic - key figures further improved
    The issuer is solely responsible for the content of this announcement.
  • Despite the ongoing COVID 19 pandemic, the operating business of DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) developed overall robustly during the first nine months of the current year and showed a stable, positive trend as of 30 September 2020.
  • The like-for-like rental trend also shows a positive development despite the restrictions on economic activity caused by the pandemic.
  • Ingo Hartlief, CEO of DEMIRE AG, comments: "In the first three quarters of 2020, DEMIRE successfully defied the major challenges of the COVID 19 pandemic and continued its positive development.

JTC Group Announces Inclusion in Financial Times Stock Exchange (FTSE) 250 Index

Retrieved on: 
Monday, November 16, 2020

NES Financial | JTC (LON: JTC) announced today that it has joined the FTSE 250 Index , which is a capitalization-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange (LSE).

Key Points: 
  • NES Financial | JTC (LON: JTC) announced today that it has joined the FTSE 250 Index , which is a capitalization-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange (LSE).
  • Headquartered in Jersey, UK, JTC listed on the Main Market of the London Stock Exchange in March 2018.
  • At JTC, every single employee is a direct owner of the business and is committed to our clients success.
  • The FTSE 250 Index in the U.K. is similar to the Fortune 500 Index in the United States, said Michael Halloran, Group Head of Technology Strategy and CEO of JTC USA.

JCB sees contactless growth among cardmembers and retail partners, as economic uncertainty accelerates mobile payments

Retrieved on: 
Monday, November 16, 2020

- Data shows a more than 30% year-on-year increase in JCB Contactless usage by global cardmembers in July 2020[1].

Key Points: 
  • - Data shows a more than 30% year-on-year increase in JCB Contactless usage by global cardmembers in July 2020[1].
  • London & Tokyo, Nov 16, 2020 - (ACN Newswire) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., today reveals substantial growth of JCB Contactless usage by cardmembers and adoption by retail partners.
  • The findings are part of an exclusive new whitepaper issued by JCB International Co., Ltd., titled 'Payment Perspectives and Future-Gazing'.
  • As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide.

QinetiQ and Pratt Miller Deliver First Robotic Combat Vehicle - Light to U.S. Army

Retrieved on: 
Wednesday, November 11, 2020

Michael Rose; Branch Chief for Robotic Combat Platforms, GVSC Ground Vehicle Robotics; shared the following after the delivery took place.

Key Points: 
  • Michael Rose; Branch Chief for Robotic Combat Platforms, GVSC Ground Vehicle Robotics; shared the following after the delivery took place.
  • "The delivery of the first RCV-L is an exciting result of numerous government organizations and industry working together to achieve our first combat ready robotic vehicle.
  • QinetiQ and Pratt Miller have successfully developed and delivered these systems within budget and on-schedule even in the face of the COVID-19 pandemic.
  • "We are proud to deliver the first Robotic Combat Vehicle to the U.S. Army," said Laurent Lannibois, QinetiQ's RCV Program Manager.