LONDON: Serco, the international provider of critical services to governments announced the appointment of Michael LaRouche as Chief Executive Officer (CEO) of Serco’s North American division effective 1 October 2025. With over 30 years of business and engineering leadership across defence and adjacent sectors for both US and international customers, Michael brings deep expertise to…
Category: London Stock Exchange
News and updates from London Stock Exchange
B.P. Marsh acquires 35% stake in UK insurance start-up Salus
LONDON: B.P. Marsh & Partners Plc (AIM: BPM), a specialist private equity investor in early-stage financial services firms, said on Monday it has acquired a 35% Cumulative Preferred Ordinary shareholding in Salus, a newly launched UK-based insurance intermediary group focused on Professional Indemnity insurance. The investment includes up to £2 million in funding, structured as…
Oberon to acquire WH Ireland’s wealth management business for £1 million
LONDON: Oberon Investments Ltd, a boutique wealth management and corporate broking firm, said on Monday it has agreed to acquire the wealth management division of WH Ireland Ltd for £1 million in cash. The deal, structured as a conditional asset purchase agreement, is expected to transfer approximately £850 million in client assets under administration to…
Wilmington plc reports double-digit revenue and profit growth, announces €121.6 mln Conversia acquisition
Adjusted profit before tax from ongoing operations rose 18% to £28.4 million LONDON: Wilmington plc (LSE: WIL), a provider of data, education and compliance services in global Governance, Risk and Compliance (GRC) markets, reported an 11% rise in annual revenue to £99.5 million for the year ended June 30, 2025, driven by broad-based growth across…
Creo Medical posts 40% revenue growth, narrows losses in H1 2025
Revenue for the six months ended June 30 rose to £2.2 million from £1.6 million a year earlier LONDON: Creo Medical Group plc (AIM: CREO), a UK-based medical device company specializing in minimally invasive surgical endoscopy, reported a 40% rise in first-half revenue, driven by increased clinical adoption of its core product portfolio. Revenue for…
Elixirr acquires US consultancy TRC Advisory in $125 million deal to expand global footprint
LONDON: Elixirr International plc (ELIX.L), a UK-based challenger consultancy, said on Monday it has acquired TRC Advisory LLC, a fast-growing US consultancy focused on growth strategy and commercial effectiveness, for up to $125 million. The deal, which includes performance-based top-up and earn-out payments, will be settled through a mix of cash and newly issued ordinary…
Hellenic Telecommunications sells Telekom Romania Mobile Communications for €70 million
LONDON: Hellenic Telecommunications Organization S.A. (OTE) has signed binding agreements with Vodafone Romania S.A. and Digi Romania S.A. for the disposal of its 100% stake in Telekom Romania Mobile Communications (TKRM) following the approval by the Romanian Competition Commission in July 2025. Accordingly, TKRM will transfer to Digi the prepaid business, certain spectrum rights and…
Helios Underwriting appointments Louis Tucker as Chief Executive Officer
LONDON: Helios Underwriting, the only publicly traded investment vehicle offering access to a diverse portfolio of syndicates at Lloyd’s, the world’s largest insurance market, announced the appointment of Louis Tucker as Chief Executive Officer. Subject to regulatory approval, it is anticipated that Louis will assume the role as CEO and join the Board in October. Louis…
Savannah Energy to acquire Norfund’s stake in Klinchenberg for $65.4 million
LONDON: Savannah Energy PLC, a British independent energy company focused on African infrastructure, announced Friday that its subsidiary, Savannah Energy EA Limited, will sign a Share Purchase Agreement with Norfund to acquire the Norwegian fund’s 50.1% stake in Klinchenberg BV for up to $65.4 million. The agreement, expected to be signed later Friday during a…
IG Group Holdings has acquired Independent Reserve for £86.8 million
LONDON: IG Group Holdings plc announced the acquisition of Independent Reserve, a leading cryptocurrency exchange based in Australia, for an initial enterprise value of A$178 million (£86.8m). The bolt-on transaction accelerates IG’s entry into cryptocurrency markets in the Asia Pacific region and brings a talented team of crypto-native specialists to the Group. It complements the…
NEXT plc reports strong H1 profit growth, warns of UK economic headwinds
Profit before tax reached £515 million, up from £452 million a year earlier LONDON: British fashion and homeware retailer NEXT plc reported a 13.8% rise in profit before tax for the six months ending July 2025, driven by robust international sales and expanding online operations. However, the company cautioned that economic pressures in the UK…
M&C Saatchi H1 profit falls amid Australian weakness, targets FY profit stability
The advertising and communications group posted net revenue of £103.8 million, down 5.1% LONDON: M&C Saatchi PLC (SAA.L) reported a 36% drop in like-for-like operating profit for the six months ended June 30, 2025, as macroeconomic uncertainty and client caution weighed on second-quarter performance, particularly in Australia. The advertising and communications group posted like-for-like net…