Funding Circle has entered into an agreement for the sale of Funding Circle’s US business to iBusiness Funding, LLC (IBF). The transaction will be for a total cash consideration of £33m
Category: London Stock Exchange
News and updates from London Stock Exchange
Chemring Group announces appointment of Tony Wood as Chairman-designate
LONDON: Chemring Group announced the appointment of Tony Wood as an independent non-executive director and Chairman-designate. He joins the Board with effect from 1 October 2024 and will succeed Carl-Peter Forster as Chairman of the Board on 1 December 2024, following Carl-Peter’s retirement on 30 November 2024. Carl-Peter joined the Board of Chemring on 1…
Mechanical completion and introduction of first gas at Akatara
SINGAPORE: Jadestone Energy plc, an independent upstream company focused on the Asia-Pacific region, provides the following update on the Akatara gas development project onshore Indonesia. On 18 June 2024, the Akatara Gas Processing Facility (the “Facility”) achieved the key milestone of mechanical completion, meaning all components and systems of the Facility have been constructed, installed…
Mako JV and PGN have entered into a binding gas sale agreement
LONDON: Empyrean Energy plc, the oil and gas development company with interests in China, Indonesia and the United States, and the Mako JV partners have entered into a binding Gas Sales Agreement (GSA) for the sale and purchase of the domestic portion of Mako gas with PT Perusahaan Gas Negara Tbk (PGN), the gas subsidiary…
Chariot Limited signs gas commercialisation agreement with Vivo Energy in Morocco
LONDON: Chariot Limited (AIM: CHAR), the Africa-focused transitional energy group, has signed a Heads of Terms agreement with Vivo Energy regarding future natural gas offtake from the Loukos Onshore licence in Morocco (Chariot, Operator 75%, ONHYM, 25%). The aim of the agreement is to set out the next steps for implementing a gas to industry…
Jubilee Metals Group advances integrated copper strategy in Zambia
LONDON: South African and Zambian metals producer, Jubilee Metals Group, reports significant progress in the implementation of its Integrated Copper Strategy in Zambia. The company has achieved key milestones in both its Roan operations and copper resource acquisitions. Roan Operation: Copper Resource Transactions: Jubilee’s strategic moves position the company for continued growth and success in…
Frasers Group signs partnership with THG Plc
LONDON: Frasers Group plc and THG plc have entered a multi-year partnership that will mutually enhance retail operations at both groups, aligning with Frasers Group’s Elevation Strategy. The partnership includes the integration of customer credit and loyalty proposition, Frasers Plus into THG’s Ingenuity platform, benefiting customers across THG retail sites. This marks the first Frasers…
R&Q Insurance Holdings to sell Inceptum Insurance Company for £11.25 million
LONDON: R&Q Insurance Holdings Ltd (AIM: RQIH) announced an agreement to sell Inceptum Insurance Company Limited, a legacy general insurance company located in the UK and regulated by the PRA and FCA, to Marco Capital Holdings Limited, a Malta based legacy acquisition group. R&Q will receive £11.25m for the sale of the shares in Inceptum,…
Supreme Plc has acquired Clearly Drinks Limited for £15 million
LONDON: Supreme Plc (AIM: SUP), a leading manufacturer, supplier, and brand owner of fast-moving consumer goods, announced the acquisition of Acorn Topco Limited, the parent company of Clearly Drinks Limited, a long-established and well-known UK manufacturer of specialised canned and bottled-at-source spring water and soft drinks, for a total net cash consideration of £15 million….
Richard Turner appointed Group Chief Executive Officer of Tekmar Group
LONDON: Tekmar Group (AIM: TGP), a leading provider of technology and services for the global offshore energy markets, announced Board changes in line with its orderly succession planning to deliver the next phase of Tekmar’s ambitious growth plan and execution of the Board’s value creation strategy. Richard Turner will join the Group as Chief Executive…
Avacta Group appoints Shaun Chilton as non-executive chairman
LONDON: Avacta Group plc (AIM: AVCT), a life sciences company developing innovative, targeted cancer treatments and powerful diagnostics, announced that Shaun Chilton has been appointed Non-Executive Chairman replacing Eliot Forster, who is also stepping down from the Board. The changes will occur with immediate effect. Shaun Chilton has served as a Non-Executive Director at Avacta…
Savannah Resources announces comprehensive partnership with AMG Critical Minerals
LONDON: Savannah Resources Plc, the developer of the Barroso Lithium Project in Portugal, Europe’s largest spodumene lithium deposit, has entered a strategic partnership with the AMG Critical Materials N.V. Group, the Amsterdam-listed, global critical materials business. AMG’s wholly owned German subsidiary, AMG Lithium B.V., an established spodumene concentrate producer and, in the second half of 2024,…