LONDON: Helix Exploration, a US-based helium exploration firm, has commenced trading on the AIM market of the London Stock Exchange under the ticker HEX. The company’s shares opened at 8.00 a.m. with an ISIN of GB00BPK66X70, following an oversubscribed placing that raised £7.5 million from a demand book exceeding £22 million. The initial market capitalisation…
Author: Ali Mirza
Carnell Group has acquired Route One Holdings for £5.0 million
LONDON, UK: Renew Holdings (AIM: RNWH), the leading Engineering Services Group supporting the maintenance and renewal of critical UK infrastructure, announced that its wholly owned subsidiary, Carnell Group Holdings Ltd, has acquired Route One Holdings (Wakefield) Ltd for an Enterprise Value of £5.0 million. Based in West Yorkshire, Route One is a multi-disciplinary specialist engineering…
Buyers Edge Platform raises $425 million in investment round led by General Atlantic Credit
NEW YORK: Buyers Edge Platform, a pioneer in digital procurement for the foodservice sector, has announced a substantial $425 million preferred equity investment. The investment round is spearheaded by General Atlantic Credit’s Atlantic Park fund, with notable contributions from Blackstone Tactical Opportunities and Morgan Stanley Tactical Value funds. The infusion of capital is set to…
Global Markets and the NYC Stock Exchange: A Comprehensive Look at International Trading
The New York Stock Exchange (NYSE), a symbol of financial prowess and economic might, has been at the forefront of international trading since its inception. Its story began over two centuries ago, in 1792, with a group of stockbrokers and merchants gathering beneath a buttonwood tree on Wall Street. This modest assembly marked the birth…
Schroder BSC Social Impact Trust commits £5 million to Savills affordable housing
LONDON: Schroder BSC Social Impact Trust plc has committed £5 million to the Savills IM Simply Affordable Homes Limited Partnership. This investment aligns with the company’s High Impact Housing asset class allocation and aims to address the pressing social challenges in the UK. The fund, managed by the esteemed Savills Investment Management, boasts an impressive…
AB Dynamics has acquired Venshure Test Services for $30 million
LONDON, UK: AB Dynamics (AIM: ABDP) announced the acquisition of Venshure Test Services LLC (VTS). Venshure Test Services is a leading provider of dynamometer-based testing services to the automotive sector in the USA, particularly focussed on the development and deployment of electric vehicles (EV) for US based automotive OEMs. Headquartered in Chelsea, Michigan, VTS offers…
Understanding the Investor Psyche Amidst Market Fluctuations
The investment landscape is inherently dynamic, with market fluctuations being an inevitable aspect of the financial world. A recent study conducted by ComparisonAdviser offers a profound look into the psyche of investors, particularly focusing on their reactions to significant market downturns. The study presents a hypothetical scenario where the stock market today plummets by 25%…
Diploma Plc to acquire Peerless Aerospace Fastener for £236m
LONDON, UK: Diploma PLC (LON:DPLM), the international value-add distribution group, announced the proposed acquisition of Peerless Aerospace Fastener LLC, a market-leading distributor of specialty fasteners into the US and European aerospace markets for ca. £236m ($300m). Peerless is one of the largest independent value-added distributors of aerospace fasteners with a strong reputation for quality and…
James Fisher and Sons to sell RMSpumptools to ChampionX UK for £90 million
LONDON, UK: James Fisher and Sons plc (FSJ.L) has entered into an agreement for the sale of the entire issued share capital of RMSpumptools Limited (RMS) to ChampionX UK Limited, a wholly-owned subsidiary of ChampionX Corporation for a total enterprise value of £90 million. It is in line with James Fisher’s strategy to simplify and…
NEXT Group posts 5% surge in profit to £918 million in 2023
LONDON, UK: NEXT Group has announced its financial results for the year ending January 2024, showcasing a steadfast increase in sales and profits despite challenging market conditions. The retail giant reported total group sales of £5,842 million, marking a 5.9% increase from the previous year’s £5,516 million. This growth is attributed to the company’s strategic…
AstraZeneca to acquire Fusion Pharmaceuticals in a $ 2.0 billion deal
LONDON: AstraZeneca has entered into a definitive agreement to acquire Fusion Pharmaceuticals Inc., a clinical-stage biopharmaceutical company developing next-generation radioconjugates (RCs). The acquisition marks a major step forward in AstraZeneca delivering on its ambition to transform cancer treatment and outcomes for patients by replacing traditional regimens like chemotherapy and radiotherapy with more targeted treatments. RCs…
Recyclus to recycle lithium-ion batteries from e-bike and e-scooter operator Beryl
LONDON: Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, announced that its 48.35% owned battery recycling business, Recyclus Group, has signed an agreement with UK-based shared sustainable transport operator, Beryl, to recycle waste lithium-ion (“Li-ion”) batteries from its fleet of e-bikes and e-scooters….