LONDON: The Boards of Prosus and Naspers have unanimously approved the appointment of Fabricio Bloisi as Chief Executive Officer (CEO), Prosus and Naspers Group. The appointment is effective as of 1 July 2024. Fabricio Bloisi assumes the role of Group CEO from his role as CEO, iFood. Fabricio acquired iFood in 2013 when it was…
Category: London Stock Exchange
News and updates from London Stock Exchange
Alpha Growth plc agrees to acquire Jeometri Insurance Managers
LONDON: Alpha Growth plc (LSE: ALGW), a leading financial services specialist in life insurance-linked wealth and asset management, has signed a binding share purchase agreement to acquire 93.36% of the outstanding shares of Jeometri Insurance Managers (Guernsey) Limited, with the balance of the shares being retained by its founder and current director, Darren Wadley. Darren…
ATC Group acquires 55% of Raw Power, a UK music management business
LONDON, UK: All Things Considered Group plc (AQSE: ATC), the independent music company housing artist representation and music industry services, has acquired 55 per cent of the issued share capital of Raw Power Management Limited, a UK music management business, for a total consideration of £1.41 million in cash. Raw Power is a music management…
GSK intends to completely offload Haleon shares
LONDON, UK: GSK plc (LSE/NYSE: GSK) it intends to sell approximately 385 million ordinary shares in Haleon, equivalent to approximately 4.2% of Haleon’s issued share capital and representing GSK’s entire shareholding in Haleon. Following the successful demerger and premium listing of Haleon plc as announced on 18 July 2022, GSK initially retained a 12.94% (Excluding…
Integrated Diagnostics Holdings to delist its shares from the Egyptian Exchange
LONDON: Integrated Diagnostics Holdings plc (IDH), a prominent player in the consumer healthcare sector, has initiated a process to delist its shares from the Egyptian Exchange (EGX). The decision comes in response to the sustained low liquidity and trading volumes on the EGX, despite the company’s continued standard listing on the London Stock Exchange (LSE)….
Kenton Jarvis to become easyJet CEO, as Johan Lundgren stepping down
LONDON: easyJet Plc announced that Johan Lundgren will step down as Chief Executive and leave easyJet early in 2025 having then served seven years as CEO. At that time Kenton Jarvis will succeed Johan and become the easyJet CEO. Kenton joined easyJet in February 2021, serving as a Board member and Chief Financial Officer since…
Abingdon Health launches Saliva Pregnancy self-test in Boots
YORK, U.K.: Abingdon Health plc (AIM: ABDX), a leading international lateral flow Contract Development and Manufacturing Organisation (CDMO), announced the launch of Boots own-brand, saliva pregnancy self-test across the UK and online, in partnership with Salignostics and Crest Medical. On 20th March 2024, Abingdon Health announced the launch of the first two Boots branded self-tests…
Tritax EuroBox signs lease agreements and solar power deal in Belgium
LONDON: Tritax EuroBox plc, a prominent investor in Continental European logistics real estate assets, has announced a significant advancement in its portfolio management. The company has successfully negotiated a lease re-gear and a new lease agreement, coupled with a solar PV Power Purchase Agreement (PPA), at the Logistics Park Bornem in Belgium. This strategic move…
Lycia Therapeutics completes $106.6 million Series C financing
LONDON: RTW Biotech Opportunities Ltd, a London Stock Exchange-listed investment company focused on identifying transformative assets with high growth potential across the life sciences sector, noted the announcement by portfolio company, Lycia Therapeutics, of its completion of a $106.6 million Series C financing round. The company, alongside other investment vehicles managed by RTW Investments, LP…
Raspberry Pi Ltd announces potential IPO on London Stock Exchange
LONDON: Raspberry Pi Ltd, a leader in low-cost, high-performance computing, is considering an initial public offering (IPO) and intends to applying for admission of its ordinary shares to the premium listing segment of the Official List of the FCA and to trading on the Main Market of the London Stock Exchange. Raspberry Pi is a…
Kohlberg Kravis Roberts & Co. agrees to buy IQGeo Group for £333 million
kkr share price – Search (bing.com) LONDON: Geologist Bidco Limited, a newly formed company wholly-owned by funds advised by Kohlberg Kravis Roberts & Co. L.P. (KKR) reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of IQGeo Group Plc at the rate of…
Hochschild commences commercial production at Mara Rosa gold mine in Brazil
LONDON: Hochschild Mining PLC announced that commercial production has been achieved at the Company’s Mara Rosa gold mine in Brazil, effective 13 May 2024. During May, the Mara Rosa processing plant has operated at an average throughput of approximately 90% of its name-plate capacity of 7,000 tonnes per day and exceeded 80% average recoveries. The…