LONDON: Mkango Resources Ltd. (AIM/TSX-V: MKA) announced Thursday that its subsidiary, Lancaster Exploration Limited, soon to be renamed Mkango Rare Earths Limited, has entered into a definitive merger agreement with Crown PropTech Acquisitions (OTC: CPTKW), a special purpose acquisition company based in the Cayman Islands. The deal, expected to close in the fourth quarter of…
Chesnara Plc to acquire HSBC Life (UK) in £260 million deal
LONDON: Chesnara plc announced Thursday it has agreed to acquire HSBC Life (UK) Limited from HSBC Bank plc for £260 million, in a transaction that marks the UK life insurer’s largest acquisition to date. The deal is expected to significantly expand Chesnara’s scale in the United Kingdom, adding approximately £4 billion in assets under administration…
UK Oil & Gas agrees the sale of UKOG (GB) Limited to Servatec Holdings
LONDON: UK Oil & Gas PLC (AIM: UKOG) has agreed the sale of its 100%-owned subsidiary UKOG (GB) Limited to Servatec Holdings Limited for a cash consideration of £400,000. Servatec are the holding company of a widely utilised and respected UK onshore oil and gas sector well services and drilling group. Completion is subject to…
European stock markets edge higher; U.K. markets hit by political turmoil
U.K. equities slump as Reeves’ position triggers investor unease; European banking stocks shine LONDON: European stock markets closed slightly higher Wednesday, led by gains in continental banks and mining shares, while U.K. equities wobbled amid political uncertainty surrounding Chancellor Rachel Reeves. The pan-European Stoxx 600 index rose 0.2%, recovering from an earlier dip into negative…
Wall Street closes higher as trade optimism meets labor market jitters
Dow Jones nears record high as investors balance trade optimism with labor concerns U.S. stocks edged higher Wednesday as optimism over trade agreements helped buoy sentiment, even as fresh data pointed to a weakening labor market, intensifying expectations for interest-rate cuts from the Federal Reserve. The S&P 500 advanced 0.4%, hitting a new record high…
Arista acquires VeloCloud SD-WAN business from Broadcom
Arista Networks has acquired the VeloCloud software-defined wide area network (SD-WAN) business from Broadcom, the companies announced, marking a strategic move as network architectures shift toward AI-optimized, distributed environments. VeloCloud, originally acquired by VMware in 2017 to expand its network virtualization capabilities, changed hands following Broadcom’s blockbuster takeover of VMware in 2023. Financial terms of…
Apple’s budget-friendly MacBook with iPhone 16 Pro chip coming in 2026 – What we know
Apple is reportedly developing a more affordable MacBook powered by the same A18 Pro chipset expected in the iPhone 16 Pro—marking a major shift from its M-series processors. The device, codenamed Mac17,1, could hit the market in late 2025 or early 2026, offering a cheaper alternative to Apple’s premium laptops. A MacBook with iPhone Power The…
Loyal Metals secures option to acquire one of world’s highest-grade copper-gold mines
SYDNEY: Loyal Metals Ltd. (ASX: LLM) announced Wednesday it has secured a binding option to acquire the Highway Reward Copper Gold Mine in Queensland, Australia — historically ranked among the highest-grade copper producers globally. Under the agreement, Loyal Metals plans to explore and potentially revive the mine, which ceased operations in 2005. Previously, the mine…
Terra Uranium to acquire largest Tungsten-Molybdenum Project in New South Wales
MELBOURNE: Terra Uranium Limited (ASX: T92) announced today it has entered a binding agreement to acquire Dundee Resources Pty Ltd, securing 100% ownership of the Glen Eden Tungsten-Molybdenum Project in New South Wales, the largest undeveloped tungsten project in the region. The acquisition includes tenements hosting the Glen Eden, Bald Nob, and Deepwater projects, which…
Baker Steel Resources Trust to receive $5.16 million from sale of Prognoz Royalty stake
LONDON: Baker Steel Resources Trust Ltd. said Wednesday that it expects to receive approximately $5.16 million in cash in the third quarter, following the divestment of a key royalty interest in a Russian silver project. The company announced that PAL, in which it holds a 49.99% interest, has signed a binding agreement to sell its…
KKR to acquire Spectris in £4.1 billion deal
LONDON: Private equity firm Kohlberg Kravis Roberts & Co. (KKR) has agreed to acquire British precision measurement company Spectris plc in a recommended cash deal valued at approximately £4.1 billion ($5.2 billion). Under the terms of the acquisition, Spectris shareholders will receive £40.00 per share, comprising £39.72 in cash from KKR’s acquisition vehicle, Project Aurora…
Banco Sabadell to sell TSB to Santander for £2.9 billion
BARCELONA: Banco Sabadell’s board agreed Tuesday to propose the sale of its British subsidiary, TSB, to Banco Santander for £2.9 billion (€3.4 billion) in cash, with the deal expected to close in the first quarter of 2026. The Spanish bank said it will recommend an extraordinary cash dividend of €0.50 per share, totaling about €2.5…