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Proud moment for SSE: Beauly-Denny north section goes live


The line has been designed to carry the large volume of renewable energy being built and generated in the Highlands of Scotland to the centres of population, taking advantage of the wind resource in the area and decarbonising electricity supplies for households and businesses. Mark Mathieson, Managing Director of Networks at SSE, said: “This is a proud moment for SSE. Our progress is testament to the teamwork which identified the need for the line, guided it through planning and has now delivered the first section of the UK’s longest transmi... Read More »

New Prudential report: Corporate America anxious about providing pensions and benefits


As corporate America struggles to manage costs and risks while maintaining the competitive retirement and benefit packages needed to recruit and retain workers, finance executives are exploring and adopting new ways to address these challenges, the survey found. “The current economic environment, changing world of pensions, and ever increasing cost of healthcare all continue to present challenges to companies providing employer-paid benefits,” said James Gemus, senior vice president for group life and voluntary benefits, Prudential Group Ins... Read More »

ITV acquires US production company Thinkfactory Media


ITV will pay an upfront cash consideration of $30m for a 65% stake in Thinkfactory Media, with a put and call option to buy the remaining 35% of the company. The put and call option could be exercised from between 3 years after the initial deal and at the end of year 5 with the total amount paid linked to the performance of the company over that period. The multiple paid is similar to the range paid on our previous acquisitions. ... Read More »

European Waterways offers excellent value on popular luxury hotel barge cruises this summer

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Cruise the Canal du Midi on the Clair de Lune The Clair de Lune, a 6-passenger deluxe hotel barge, cruises on France's 330-year-old Canal du Midi during the six-day voyage, with views of vineyards and the Pyrenees Mountains. Passengers have the opportunity to visit sites such as Montolieu — also known as the "Village of Books" – and the medieval fortified city of Carcassonne. Other activities include private wine tastings at the Domaine Massamier La Mignarde and the Chateau Villemagne. Clair de Lune is ideal for a family or friends charte... Read More »

Vodafone to expand its enterprise offering in Africa as revenues exceed one billion Euros


Vodafone is experiencing strong growth in revenues from enterprise in Africa which exceeded one billion Euros during the financial year ending March 2013. VGE has an industry-leading track record in designing and implementing sophisticated global mobile and fixed-line communications products and services for some of the world’s leading companies. The Group is establishing two new regional hubs in Nairobi and Accra in order to enhance significantly the level of support for more than 600 VGE multinational customers with operations in Africa. ... Read More »

The missing millions: 30 million Brits suffer from ‘ATM amnesia’


We’ve all been there. A trip to the cashpoint to withdraw money and seemingly hours later, it’s all disappeared without a trace. No it’s not foul play, it’s what is being termed ATM amnesia, a modern-day syndrome that affects over 30 million of us in the UK. The new research, carried out by Barclaycard contactless, reveals that sufferers of ATM amnesia are losing track of nearly £20.002 every week, which stacks up to almost £10003 each year. Almost a third of sufferers (28%) think that using a contactless card for these smaller cash purch... Read More »

Prudential named to 2013 Computerworld list of Best Places to Work in IT


“We’re delighted Computerworld recognized us once again. Our information technology professionals take great pride in their work and their commitment to delivering quality results is unfailing,” said Barbara Koster, senior vice president and chief information officer at Prudential. “They have a sense of pride in the company’s brand and reputation.” Koster said the dedication of the company’s IT staff was most evident during and immediately following Superstorm Sandy when IT employees used their flexible working arrangements and remote access... Read More »

BT and Accelrys help scientists gain valuable medical insights from big data


BT and Accelrys, Inc. today announced that the two companies are working closely together to help garner valuable medical insights from vast public health datasets, using BT for Life Sciences cloud compute solutions combined with Accelrys Enterprise Platform and Accelrys Pipeline Pilot. The UK state-funded National Health Service (NHS) has been in existence for more than 60 years. During that period, the UK population has generated a wealth of health data and much of this information is computerized. In addition, a vast amount of information... Read More »

Rio Tinto opts to retain diamonds businesses


"We have valuable, high-quality diamonds businesses that are well positioned to capitalise on the positive market outlook. "After considering a number of alternative strategic ownership options it is clear the best path to generate maximum value for our shareholders is to retain these businesses." About Rio Tinto Diamonds Rio Tinto operates a fully integrated diamonds business from exploration through to sales and marketing. It is one of the world's major diamond producers through its 100 per cent ownership of the Argyle mine in Australi... Read More »

BP and CNOOC sign agreement for third Deepwater Block in the South China Sea

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Liming Chen, President BP China, said: “This builds on our South China Sea presence creating a strong base for future exploration success for China and for BP.” CNOOC will be operator of 54/11; terms of the production sharing agreement were not disclosed. BP was awarded acreage in deepwater blocks 42/05 and 43/11 in 2010 and 2011 respectively; both are in the exploration period. ... Read More »

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