Wizz Air had made a pre-tax profit of £254m a year earlier, but collapsed to a loss of £489m in the 12 months to the end of March. It said its recovery will largely be reliant on the rollout of vaccines.
Money Mail research, conducted by Consumer Intelligence, found 60 per cent who still use a traditional telephone receive a scam call at least once a week.
Rossari Biotech inks pact to acquire Unitop Chem for ₹421 cr in cash
June 02, 2021
The acquisition will be in multiple tranches
Speciality chemicals manufacturer Rossari Biotech has entered into an agreement to acquire Unitop Chemicals Private Ltd in multiple tranches for ₹421 crore in cash. According to the contours of the deal, the company will acquire about 65 per cent stake in the first tranche, which is expected to be completed by the second quarter of FY22. The remaining part of the acquisition is expected to close in 2023-2024, Rossari Biotech said in a regulatory filing.
The deal price (₹421 crore) is payable in multiple tranches, and subject to certain post-completion adjustments. The company plans to fund the investment through cash on balance sheet and doesn’t intend to raise any debt, it added.
On a sales basis Amazon, and the third-party sellers who use its site, will overtake Tesco as the largest retailer in around four years, according to data from Edge.
One of only a handful of women chairing a London-listed company, she said it was the right time after Tullow last month emerged from a financial overhaul.