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Statkraft to sell stake in Dudgeon offshore wind farm to China Resources

Statkraft to sell stake in Dudgeon offshore wind farm to China Resources

Energy acquisition news : A consortium featuring China Resources has agreed to buy Norwegian hydropower company Statkraft’s 30% stake in the 402MW Dudgeon offshore wind farm off the Norfolk coast in the UK for a sum of £555 million. A state-owned conglomerate, China Resources has operations across the power, gas, consumer products, pharmaceuticals and other […]

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Mallinckrodt to acquire constipation drug Amitiza owner Sucampo for $1.2bn

Mallinckrodt to acquire constipation drug Amitiza owner Sucampo for $1.2bn

Pharma acquisition news : UK-based Mallinckrodt has agreed to acquire Sucampo Pharmaceuticals along with its commercial and development assets including the constipation drug Amitiza (lubiprostone), for about $1.2 billion. The transaction also includes assumption of $360 million of Sucampo’s debt by Mallinckrodt. Amitiza (lubiprostone) had been approved in the US for three types of constipation […]

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Statkraft sells stake in Sheringham Shoal wind farm offshore UK to Equitix

Statkraft sells stake in Sheringham Shoal wind farm offshore UK to Equitix

Energy acquisition news : Statkraft, a hydropower company owned by the Norway government, has reached a deal worth £558 million to divest its 40% stake in the 316.8MW Sheringham Shoal offshore wind project in the United Kingdom to Equitix, a London-based private equity firm. The Sheringham Shoal wind farm, which broke ground in 2009, is […]

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Iran believed to have carried out UK Parliament cyber attack

Iran believed to have carried out UK Parliament cyber attack

UK Parliament cyber attack : British media has reported that Iran was instrumental in carrying out a cyber attack on UK’s parliament in late June, a news story that comes just after the government requested the US not to put the 2015 Iran nuclear agreement with Tehran in danger. The cyber attack, which was initially […]

London car crash : Car crashes into pedestrians near London museum

London car crash : Car crashes into pedestrians near London museum

London car crash : A car crashed into pedestrians near the Natural History Museum in London on Saturday injuring eleven people which has been ruled out as a terror attack and deemed by the police as a road traffic incident. As per London police, a man in his 40s drove his car on to the […]

Telangana girl Thirumalagiri Swathi dies mysteriously in London

Telangana girl Thirumalagiri Swathi dies mysteriously in London

A Telangana woman named Thirumalagiri Swathi hailing from Warangal district had a mysterious death in London which is being blamed on her husband Sripathi Rajesh by the victim’s parents and relatives. Thirumalagiri Swathi’s parents allege that their techie son-in-law was aided by his parents Sripathi Srinivas and Vijaya in the murder. According to a report in […]

Teenager arrested as suspect in London acid attack near Stratford Centre

Teenager arrested as suspect in London acid attack near Stratford Centre

A 15-year-old boy has been arrested as a suspect in the London acid attack which saw six people injured near the Westfield Stratford Shopping Centre on Saturday evening. Newham Police stated that it was a mass acid attack carried out by a group of people who had sprayed a noxious substance around the busy shopping […]

Uber ban in London : Transport regulator says Uber is “unfit” for private hire operator licence

Uber ban in London : Transport regulator says Uber is “unfit” for private hire operator licence

Uber ban in London : In a massive blow to US-based Uber, the taxi services company’s five-year operating license in London will not be renewed after this month as it has been deemed to be unfit by the Transport for London (TfL). The decision from the Greater London transport regulator puts the future of 40,000 […]

M5 road accident : Four die, three injured as lorry collides with vehicles in Gloucestershire

M5 road accident : Four die, three injured as lorry collides with vehicles in Gloucestershire

M5 road accident : In a horrific accident in south Gloucestershire, a lorry smashed into oncoming traffic traveling southbound towards Bristol leaving at least four dead and three injured. Among the injured, there is a woman and two kids who are being treated for life-threatening injuries in Bristol hospitals. The M5 road accident has been […]

Bomb blast in London underground train leaves several injured

Bomb blast in London underground train leaves several injured

London witnessed yet another terror attack as a home-made bomb exploded in an underground train on Friday leaving 29 people injured with no initial reports of any casualties. Some of the passengers in the London train blast had suffered facial burns in what was an attack on a packed rush-hour eastbound District line train which […]

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