LONDON: Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland focused on delivering private and affordable housing, announces that it has signed a new contract, worth £6.3m, with the Wheatley Group for the delivery of affordable housing. Construction will commence immediately and is expected to complete by October 2025, with the majority of the…
Category: London Stock Exchange
News and updates from London Stock Exchange
LondonMetric Property streamlines portfolio with strategic sales and acquisitions
LONDON: LondonMetric Property Plc has successfully divested seven properties for a total of £31.3 million, achieving a 7.0% net initial yield (NIY) and securing a 3% profit above book values. The transaction included the sale of non-core LXi REIT assets valued at £18.3 million, which fetched a 5% premium over book values. The sold assets…
Insig AI has acquired a 5.45% equity interest in ImpactScope OÜ
LONDON: Insig AI, the data science and machine learning business, has acquired a 5.45% equity interest in ImpactScope OÜ. ImpactScope is an award-winning European impact-focused AI and blockchain company, registered in Estonia. The consideration is through the issue of 900,000 ordinary shares of shares of 1 pence each in the Company at a price of…
Renewi announces sale of UK Municipal business to Biffa
LONDON, UK: Renewi plc (LSE: RWI.L), a leading European waste-to-product company, has entered into a binding agreement to sell UK Municipal operations to Biffa Limited, a leading UK-wide integrated waste management business. Renewi’s CEO, Otto de Bont: “The sale of UK Municipal to Biffa is a transformational milestone which marks the beginning of a new…
Software Circle has acquired Be The Brand Experience Limited for £3.5m
LONDON, UK: Software Circle plc (AIM: SFT) has acquired the entire issued share capital of Be The Brand Experience Limited, based in Hackney, London. Be The Brand is a provider of marketing compliance and digital asset management workflow solutions for businesses providing financial services. The total consideration of £3.5m will be satisfied in cash and…
Akili Inc. to merge into Virtual Therapeutics
BOSTON: Virtual Therapeutics, a company focused on improving mental health at scale using engaging, immersive games, and Akili Inc. (Nasdaq: AKLI) announced the signing of a definitive merger agreement to form a diversified, leading digital health company. Under the terms of the agreement, Akili shareholders will receive $0.4340 per share of common stock in cash….
PayPoint announces investment in Aperidata
LONDON: PayPoint Plc has today announced a £1 million investment in Aperidata Ltd, an innovative consumer and business credit reporting and Open Banking platform. The deal will see the PayPoint Group building on an existing commercial partnership between the two companies delivering Open Banking solutions for clients across multiple sectors, including government, local authorities, charities…
SysGroup and Softcat plc sign partnership to drive AI/ML market growth
LONDON: SysGroup plc (AIM:SYS), a leading technology partner specializing in cloud, data, and security services for Artificial Intelligence (AI) and Machine Learning (ML) transformation, has announced an exciting strategic partnership with Softcat plc. This collaboration solidifies SysGroup’s position as one of Softcat’s trusted Machine Learning Partners. As one of the UK’s top IT Solutions and…
Averon Park offers to acquire Foresight Sustainable Forestry Company for £167 million
Arizona Bidco Limited, a newly formed vehicle, wholly-owned, indirectly, by Averon Park Limited, reached agreement on the terms of a recommended acquisition of the entire issued and to be issued ordinary share capital of Foresight Sustainable Forestry Company Plc (FSFC) that the Averon Park Group does not already own. Under the terms of the acquisition,…
EP Corporate and J&T Capital agree to acquire International Distribution Services for £3.568 billion
LONDON, UK: A newly formed company owned indirectly EP Corporate Group and J&T Capital Partners reached agreement on the terms and conditions of a recommended cash offer for the entire issued, and to be issued, ordinary share capital of International Distribution Services plc (IDS), other than the IDS Shares owned or controlled by VESA Equity…
Bloomsbury Publishing has acquired Rowman & Littlefield Publishing for $83 million
LONDON, UK: Bloomsbury Publishing Plc (LSE: BMY), the leading independent publisher, announced the acquisition of The Rowman & Littlefield Publishing Group’s academic publishing business. It is the biggest acquisition by Bloomsbury to date, and significantly accelerates and strengthens Bloomsbury’s academic publishing in North America and Bloomsbury Digital Resources (BDR). The transaction is structured as a…
Newcastle-based Leazes Homes set to join Karbon Homes Group
LONDON: The green light has been given for affordable housing provider Leazes Homes to join the Karbon Homes Group as a subsidiary. Both Leazes’ and Karbon’s boards gave their approval to the partnership this week, after considering customer and colleague feedback and due diligence checks. It will see Karbon provide management services for Leazes’ 759…