GXO makes £762 million cash offer for Wincanton

LONDON: GXO Logistics, Inc. (“GXO”) has announced a cash offer for Wincanton Plc (“Wincanton”), a leading UK provider of supply chain solutions, valuing the company at £762 million. Wincanton shareholders…

NNR February 29, 2024

London Exchange

Power Metal to acquire 75% stake in GSAe

LONDON: Power Metal Resources PLC, a London-listed exploration company, has announced a deal to buy 75% of GSAe, a UK-based engineering technology provider that specialises in extracting strategic metals from…

NNR February 29, 2024

London Exchange

BSF and Amelie Pichard to create first lab-grown leather fashion accessories

LONDON: BSF, a biotech company that owns tissue engineering firms 3DBT and Kerato, has signed a memorandum of understanding with Maison Amelie Pichard, a fashion company that uses eco-friendly materials,…

NNR February 29, 2024

London Exchange

Getech and East Star Resources join forces to explore copper in Kazakhstan

LONDON: Getech, a world-leading locator of subsurface resources, has entered into a joint venture agreement with East Star Resources plc, a London listed Kazakhstan focused copper exploration company, to pursue…

NNR February 29, 2024

London Exchange

Sirius Real Estate acquires business park near Dresden for €13.75 million

LONDON: Sirius Real Estate, a leading provider of conventional and flexible workspace in Germany and the U.K., has bought a business park in Klipphausen, near Dresden, along with an adjacent…

NNR February 29, 2024

London Exchange

Financial regulator finds wholesale data market can be improved

The Financial Conduct Authority (FCA) has today published the findings of its wholesale data market study, which examined competition in the markets for credit ratings data, benchmarks and market data…

NNR February 29, 2024

London Exchange

South32 sells Illawarra Metallurgical Coal business in Australia for up to $1.65B

LONDON: South32 Limited, a diversified mining company, has announced that it has agreed to sell its Illawarra Metallurgical Coal business in Australia to a consortium of Golden Energy and Resources…

Bernice Miles February 29, 2024

London Exchange

VAALCO Energy to buy Svenska Petroleum for $66.5 million

LONDON: VAALCO Energy, a Houston-based oil and gas company, has announced that it has signed a deal to acquire Svenska Petroleum Exploration AB, a Swedish E&P company with a stake…

NNR February 29, 2024

London Exchange

National Bank of Canada posts net income of $922 million, up 5%

LONDON: National Bank of Canada announced its net income for the first quarter of 2024 was $922 million, up 5% from the same period last year. The bank attributed this…

NNR February 28, 2024

London Exchange

Ageas considers £3.1 billion bid for Direct Line Insurance Group

LONDON: Ageas, the Belgian insurer, has confirmed that it is in the preliminary stages of considering a possible offer to acquire Direct Line Insurance, the UK’s largest personal lines insurer,…

Ali Mirza February 28, 2024

London Exchange

Capita secures £220m customer experience deal with European telecoms giant

LONDON: Capita Plc has announced a £220m deal to extend and expand its customer experience contract with a major European telecoms provider. The deal will see Capita support the telecoms…

NNR February 28, 2024

London Exchange

Tribe Tech and Veracio join forces to develop innovative mining technology

Tribe Technology PLC, a leading developer and manufacturer of autonomous mining equipment, has announced a joint development agreement with Veracio Australia Pty Ltd, a subsidiary of Boart Longyear and a…

NNR February 28, 2024