LONDON, UK: Pod Point Group, a leading provider of electric vehicle (‘EV’) charging solutions in the UK, announced the appointment of Melanie Lane as Chief Executive Officer (“CEO”) with effect from 1 May 2024. She will succeed Andy Palmer, who has acted as Interim CEO since 6 July 2023 during the course of the executive…
Author: Bernice Miles
Anglo American and Finnish Minerals Group to explore battery value chain opportunities
LONDON, UK: Anglo American and Finnish Minerals Group have signed a memorandum of understanding (“MOU”) to work together to explore opportunities to further support Finland’s battery strategy. Finnish Minerals Group is a holding and development company that manages the Finnish Government’s mining industry shareholdings and supports the development of the Finnish battery value chain. Alison…
Tritax Big Box REIT proposes to acquire UK Commercial Property REIT for £924 million
LONDON, UK: Tritax Big Box REIT PLC (BBOX) and UK Commercial Property REIT Limited (UKCM), two of the UK’s leading real estate investment trusts, have reached agreement on the key terms of a possible all-share offer for UKCM, which would create a combined group with a market capitalisation of over £4 billion. The possible offer…
Barclays Bank UK to acquire retail banking business of Tesco Bank for £600 million
LONDON, UK: Barclays PLC announced that Barclays Bank UK has entered into an agreement with Tesco Personal Finance plc (Tesco Bank) to acquire the retail banking business of Tesco Bank, which includes credit cards, unsecured personal loans, deposits and the operating infrastructure. Additionally, Barclays UK will enter into a long-term, exclusive strategic partnership with Tesco…
Barratt Developments and Redrow Plc agree to merge in £2.5 billion deal
LONDON, UK: Barratt Developments, the UK’s largest homebuilder, has announced that it will acquire its rival Redrow Plc in a £2.5 billion deal that will create a market leader in quality, service and sustainability. The boards of both companies have agreed to the terms of the all-share offer, which will see each Redrow Plc shareholder…
Parkmead Group announces provisional award of three significant new UK offshore blocks
LONDON, UK: Parkmead Group, the independent energy group, has been provisionally awarded three new offshore blocks by the North Sea Transition Authority (“NSTA”) in Tranche 2 of the UK’s 33rd Licensing Round awards. This important award consists of a licence covering Blocks 14/15a, 14/20d and 15/11a situated in the Central North Sea. Parkmead will be…
Vinanz Limited to diversify into alternative cryptocurrencies
LONDON, UK: Vinanz Limited (London AQSE: BTC and US OTCQB: VINZF), the innovative London-listed company known for its strategic Bitcoin mining operations across the US and Canada, will start using a proportion of its Bitcoin generated from its mining operation on North America to diversify into the broader cryptocurrency market. In a bold move to…
STV Studios becomes majority stakeholder in Two Cities Television
LONDON, UK: STV Studios has increased its 25% equity stake in the high-end drama production company, Two Cities Television (Two Cities), to a majority holding of 51%. STV acquired a minority stake in Two Cities in January 2020, with an option to increase its initial stake to a majority position upon Two Cities becoming profitable….
Alkemy Capital and Syrah Resources to develop UK’s first graphite anode plant
LONDON, UK: Alkemy Capital Investments plc (Alkemy) and Syrah Resources Limited (Syrah) have signed a memorandum of understanding (MOU) to form a joint venture to build the UK’s first natural graphite active anode material (AAM) processing facility at the Wilton International Chemicals Park within the Teesside Freeport. The joint venture will use natural graphite from…
Fintel Plc has acquired Owen James Events and Synaptic Software
LONDON, UK: Fintel Plc, the leading provider of fintech and support services to the UK retail financial services sector, has announced the acquisition of two leading fintech firms and a trading update for the year ended 31 December 2023. Fintel has acquired Owen James Events, the leading provider of strategic engagement events in UK financial…
Location Sciences acquires Sorted Holdings in reverse takeover
LONDON, UK: Location Sciences (AIM: LSAI), a provider of location intelligence solutions, has agreed to acquire Sorted Holdings Limited (SHL), a SaaS company operating in the ecommerce sector, for a nominal cash consideration of £66.73. The deal is a reverse takeover under the AIM Rules and requires the approval of Location Sciences’ shareholders, who will…
FirstGroup signs deal to acquire York Pullman Bus Company
LONDON, UK: FirstGroup plc has signed an agreement to acquire York Pullman Bus Company Ltd, a high-performing business comprising five well-established coach services brands. York Pullman has a strong presence in regional and adjacent services operations in York and surrounding towns in North Yorkshire. The acquisition plays strongly into the Group’s strategy, providing profitable growth…