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public sector
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SCI Partners with Several Firms for Packaging Subsidiary Recapitalization
Jan 16, 2018Stone Canyon Industries (SCI) has announced recapitalization of its packaging subsidiary with a minority investment from Ontario Teachers', Canyon Capital, PSP Investments and Arcadia. Under the deal, SCI is issuing $850m series A ...
Tags: Stone Canyon Industries, packaging
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Alphabet Leads $1bn Investment in Uber Rival Lyft
Oct 23, 2017CapitalG, a growth investment fund under Alphabet has led $1bn round of investment in ride-hailing company Lyft. With this investment, Lyft’s valuation has gone up to $11bn. CapitalG’s partner David Lawee will be joining ...
Tags: CapitalG, Rival Lyft
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Lyft Raises $600m in Funding
Apr 13, 2017US ride-hailing firm Lyft has raised $600m in new round of financing at a $7.5bn valuation. The investors in the funding round include KKR, Baillie Gifford, Alliance Bernstein, Canada’s Public Sector Pension Investment Board (PSP) ...
Tags: Lyft, self-driving car
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PC Market Stabilizes with Solid 4Q16 Shipments
Jan 15, 2017Worldwide shipments of traditional PCs (desktop, notebook, and workstation) totaled 70.2 million units in the fourth quarter of 2016, posting an on-year decline of 1.5%, according to the IDC Worldwide Quarterly Personal Computing Device ...
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BlackBerry Opens New Autonomous Vehicle Innovation Centre in Canada
Jan 6, 2017BlackBerry has opened a new QNX Autonomous Vehicle Innovation Centre (AVIC) in Canada. The centre was inaugurated by BlackBerry executive chairman and CEO John Chen and he was joined by Canadian Prime Minister Justin Trudeau. Housed ...
Tags: BlackBerry, Autonomous Vehicle
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Majority of Scots Do Not Follow Healthy Eating Recommendations, Says FSS Survey
Oct 24, 2016Food Standards Scotland (FSS) has (14 October) published the results from its second Food in Scotland Consumer Tracking Survey, showing that while most people in Scotland are aware of healthy eating recommendations, the majority do not ...
Tags: Food Standards Scotland, food, drinks
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Fair Work Commission Orders Customs to Stop Striking
Oct 12, 2016The Fair Work Commission has made an order to terminate Protected Industrial Action (PIA) in the Department of Immigration and Border Protection (DIBP). This means that PIA can no longer be taken by DIBP employees, including those in the ...
Tags: Fair Work Commission, PIA, DIBP
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UK to Invest GBP35m in Whitley South Automotive Business Zone
Sep 6, 2016The UK Government is investing £35m in an expanded automotive business zone in Whitley, near Coventry. The move is expectd to create about 3,000 engineering and advanced manufacturing jobs. The investment will also improve ...
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Continental Partners with US Department of Transportation's Smart City Challenge
Jun 29, 2016International technology company Continental is partnering with the US Department of Transportation (U.S. DOT)'s Smart City Challenge. Continental has initially pledged at least $1m to the winning city to provide improved safety and ...
Tags: V2X, The Smart City
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Gestamp Tallent Automotive to Receive £ 12m Funding From European Investment Bank
Jun 29, 2016The European Investment Bank will invest £12m in Gestamp Tallent Automotive to support and strengthen innovation and to help it develop specialised chassis and suspension products. European Investment Bank vice president Jonathan ...
Tags: European Investment Bank, chassis, suspension products
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Toyota Mobility Foundation Joins New Cities Foundation as Global Strategic Member
May 19, 2016Toyota Mobility Foundation has joined the New Cities Foundation as its latest Global Strategic Member. The partnership between the two organizations aims to activate the next generation of urban mobility solutions. Innovation is ...
Tags: Toyota Mobility, Latondra Newton
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New Food and Farming Degree Apprenticeships to Boost Innovation in Food Industry
Apr 15, 2016The next generation of food entrepreneurs will have the opportunity to combine a high quality degree and on-the-job training under plans for new food degree apprenticeships, Environment Secretary Elizabeth Truss announced. The three ...
Tags: EnvironmentSecretary Elizabeth Truss, Food degree apprenticeships
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Everstone Completes Acquisition of Modern Foods
Apr 6, 2016India-based private equity firm Everstone Group has completed the acquisition of Modern Foods, a bakery business of the Hindustan Unilever Limited (HUL). Following the acquisition, Everstone aims to triple the brand's revenue to Rs 10bn ...
Tags: Everstone, Modern Foods, Acquisition, Bakery business, HUL
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Silentnight Calls For Apprenticeship Policy Clarity
Mar 22, 2016Bed manufacturer Silentnight, a company that has been investing in apprentices for more than 10 years, believes the new shift in the demands on the public sector could lead to cause for concern. As 2015 drew to a close and the targets for ...
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George Osborne Delivers Eighth Budget As Chancellor
Mar 21, 2016Chancellor of the Exchequer George Osborne delivered his eight Budget today, with some of the main points outlined as such: Business - The headline rate of corporation tax, which is currently at 20%, will fall to 17% by 2020 - ...
Tags: George Osborne, Budget, Chancellor
