LONDON: Premier Foods said Thursday it has agreed to acquire Merchant Gourmet, a premium brand known for healthy, ready-to-eat meals, in a £48 million ($61 million) deal aimed at accelerating its growth strategy. The acquisition, expected to close on Sept. 1, will see Premier Foods take full ownership of the brand, which specializes in microwaveable…
Category: London Stock Exchange
News and updates from London Stock Exchange
Rosebank posts £33.2 million statutory loss in H1 amid ECI acquisition costs
LONDON: Rosebank Industries plc reported a statutory operating loss of £33.2 million for the six months ended June 30, 2025, driven by expenses related to its acquisition of ECI, which was finalized yesterday. The adjusted operating loss narrowed to £2.2 million, reflecting tighter control over head office costs. The company ended the period with £55.2…
International Workplace Group delivers record revenue and boosts shareholder returns
For FY 2025, IWG expects cashflow to rise 40% to at least $140 million LONDON: International Workplace Group plc (IWG), the world’s largest hybrid workspace provider, reported its highest-ever system-wide revenue of $2.2 billion for the six months ended June 30, 2025, marking a 2% year-on-year increase. The company’s strategic focus on capital-light growth, margin…
Georgia Capital launches $50m share buyback programme following completion of $68m initiative
LONDON: Georgia Capital PLC has initiated a new US$ 50 million share buyback and cancellation programme, following the successful completion of its previously announced US$ 68 million initiative. The new programme, approved by the board on Aug. 5, will run for nine months and aims to reduce the company’s share capital. Shares will be repurchased…
Defence Holdings names former Microsoft Ventures UK CEO Andrew McCartney as CTO
LONDON: Defence Holdings PLC (LSE: ALRT), the UK’s first listed software-led defence company, has appointed Andrew McCartney as Chief Technology Officer, effective immediately. McCartney, a veteran of sovereign AI infrastructure, co-founded Whitespace, a deep-tech firm delivering generative AI capabilities to defence and public sector clients. He previously served as the inaugural CEO of Microsoft Ventures…
BATM reports interim results with strategic progress across core divisions
Revenue rose to $60.4 million from $58.9 million a year earlier LONDON: BATM Advanced Communications Ltd. (LSE: BVC; TASE: BVC), a global provider of network infrastructure, cybersecurity and diagnostic technologies, reported interim results for the six months ended June 30, 2025, showing modest revenue growth and strategic execution across its core divisions. Revenue rose to…
HICL Infrastructure sells seven UK PPP assets to APG for £225 million
LONDON: HICL Infrastructure PLC said Monday it has agreed to sell a portfolio of seven UK public-private partnership (PPP) assets to Dutch pension services provider APG for approximately £225 million, in line with its March 2025 valuation. The portfolio includes partial stakes in Southmead Hospital and Pinderfields and Pontefract Hospitals, as well as full equity…
Aterian Partners with Cambridge AI spin-out to revolutionize mineral exploration in Morocco
LONDON: Aterian plc (LSE: ATN), a critical mineral exploration and development company, has signed a pioneering Memorandum of Understanding with a stealth-stage machine learning start-up spun out from the University of Cambridge. The start-up, backed by the Royal Academy of Engineering and Entrepreneurs First, specializes in advanced computational modeling for mineral exploration. Under the agreement,…
Vaultz Capital appoints Aleksander Nowak as chief operating officer
LONDON: Vaultz Capital plc (AQSE:V3TC), a digital asset operating company, has appointed Aleksander (“Aleks”) Nowak as Chief Operating Officer (COO), effective immediately. The role is non-Board. Nowak will oversee core business functions and drive operational efficiency, aligning the company’s strategic objectives with its daily execution. His appointment comes as Vaultz Capital accelerates its growth trajectory…
Active Energy Group signs heads of terms for 150mw battery storage project in Wales
LONDON: Active Energy Group has signed Heads of Terms with Fonmon Castle Ltd to develop a 150-megawatt Battery Energy Storage System (BESS) in the Vale of Glamorgan, marking a strategic advance in the company’s renewable energy ambitions. Under the agreement, Fonmon Castle Ltd will lease approximately 10 acres of land for 30 years to facilitate…
ABF to acquire Hovis Group, following review of strategic options for Allied Bakeries
LONDON: As stated at the interim results, Associated British Foods plc (“ABF”) has been evaluating a range of strategic options for Allied Bakeries, its UK bakery business. Profitability at Allied Bakeries has been increasingly challenged in recent years by a decline in demand for pre-sliced, packaged bread and a loss of scale in Allied Bakeries’…
MHA Plc reports 45% revenue surge ahead of AIM IPO, eyes international expansion
LONDON: MHA plc (AIM: MHA), a leading provider of audit, tax, and advisory services, reported a 45% jump in full-year revenue to £224.2 million for the year ended March 31, 2025, marking a pivotal year capped by its successful IPO on the London Stock Exchange’s AIM market. Adjusted EBITDA rose 32% to approximately £41.1 million,…