Global

Global

Omnicom’s TBWA buys major stake in Lucky Generals

TBWA Worldwide, a subsidiary of Omnicom Group said it has acquired majority stake in Lucky Generals. In statement issued from London by Omnicom Group, the company said Lucky Generals’ founders, Helen Calcraft, Andy Nairn and Danny Brooke-Taylor, will remain in their existing roles at Lucky Generals and will retain a […]

JSE SENS

Eric Vemer quits Group Five

Eric Vemer, Group Five’s Chief Executive Officer who joined the company in 2005 and was appointed chief executive in December 2014, will leave in the next few weeks,following a huge loss recorded by the company. Group Five recorded its first six-month loss in 11 years due to a 255 million […]

German ATM Holding acquires Murray & Roberts
Global

German ATM Holding acquires Murray & Roberts

ATM Holding, a German company has acquired South Africa’s Murray & Roberts. A statement issued a statement issued by Murray & Roberts’ says that shareholders are advised that the Company has received formal notification that ATM Holding GmbH, Munich (“ATM”), a company registered in accordance with the laws of Germany, […]

Alwayspays ponzi scam shuts down, investors lose money
Golibu

Alwayspays ponzi scam shuts down, investors lose money

It is just so unfortunate for many Nigerians after several warnings from media, government and authorities, they still fall victims of Ponzi scheme like Alwayspays which promised huge returns when it initially emerged. Bef0re Alwayspays defruded its investors, it promised them awesome opportunities in investments. Its promissory notes read “With […]

Ashford Hospitality to buy FelCor for USD1.27 billion
Global

Ashford Hospitality to buy FelCor for USD1.27 billion

Lodging real estate investment trust Ashford Hospitality Trust Inc has announced it wants to acquire FelCor Lodging Trust Inc. According to Reuters News Agency, the deal to buy FelCor Lodging is worth USD1.27 billion. However, the acquisition plan will see a total control of the company. Ashford Hospitality, owns about […]