Good morning and welcome to your Morning Briefing for Tuesday, 19 January, 2021. To get this in your inbox every morning click here. Transact ticks up Transact has been cropping up in the news a fair amount recently, most memorably as one of the firms in the running to acquire rival platform Nucleus towards the back
EXECUTIVE CHANGE SUMMARY: Next CEO Wolfson Joins Board Of Deliveroo
Tue, 19th Jan 2021 16:30
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and not separately reported by Alliance News:
Next PLC - Leicester-based clothing and homewares retailer - Chief Executive Simon Wolfson is appointed a non-executive director of Deliveroo, effective Monday and ahead of the meals delivery firm s planned initial public offering. Deliveroo, in which the US s Amazon.com Inc is a 16% shareholder, said on Sunday a fund raising round has valued the company at more than USD7.0 billion. It is the first external appointment accepted by Wolfson since he became chief executive of the Next two decades ago, according to the Times newspaper.
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IronRidge Resources Ltd (LON:IRR) has released the results of a scoping study for the Ewoyaa lithium project in Ghana. The group said the study supports the case for a two million tonnes per annum production operation with life of mine revenues exceeding US$1.55bn, and significant potential to extend mine life. During the eight-year mine life the project will produce an average of 295,000 tonnes per year of 6% Li2O spodumene concentrate. The internal rate or return stands at 125%, while the capital cost estimate is USS$68mln. Average underlying earnings (EBITDA) will ring in at US$105mln per annum, the company added.