LONDON: Touchstone Exploration has agreed to acquire Trinity Exploration and Production, with the boards of both companies expressing their satisfaction over the terms of the all-share offer. The acquisition, structured as a scheme of arrangement under the Companies Act, will result in Trinity shareholders receiving 1.5 new Touchstone shares for each share they hold. Upon…
Category: London Stock Exchange
News and updates from London Stock Exchange
Prudential Plc charts steady course with strategic market expansion
LONDON, UK: In the bustling financial landscape of 2024, Prudential PLC emerged with a robust Q1 performance, marked by an 11% surge in new business profit, reaching a striking $810 million, albeit excluding economic impacts. This growth was a testament to the company’s diverse geographical market presence. However, when economic impacts were factored in, the…
Air Astana initiates share buyback programme
LONDON: Air Astana JSC has announced the launch of a share buyback programme, approved by its Board of Directors on February 12, 2024. The programme aims to acquire up to 4,786,800 ordinary shares and global depositary receipts (GDRs), representing about 1.3% of the company’s total issued shares, with a budget of USD 12 million. This…
Morrisons strikes £2.5 billion deal with Motor Fuel Group
LONDON: In a landmark transaction, WM Morrison Supermarkets Limited, commonly known as Morrisons, has announced the successful completion of a £2.5 billion deal with Motor Fuel Group (MFG). The agreement sees the sale of 337 of Morrisons’ petrol forecourts, along with over 400 car park sites across the UK, earmarked for the development of ultra-rapid…
Poolbeg Pharma signs option agreement to acquire orphan drug candidate
LONDON, UK: Poolbeg Pharma (AIM: POLB) has entered into an exclusive 12-month option agreement with Silk Road Therapeutics Inc, for a nominal fee, to acquire a novel topical muco-adherent formulation of Pentoxifylline (tPTX) for the treatment of oral ulcers in patient’s suffering from Behçet’s Disease. There is a clear unmet medical need for an effective…
Kelso Group invests more in NCC
LONDON: In a strategic move, Kelso Group, a prominent acquisition vehicle listed on the main market, has announced the purchase of an additional 700,000 ordinary shares in NCC. This acquisition, following an initial share purchase in October 2023, brings Kelso’s total holdings to 2.2 million shares, averaging a cost of 117p each. NCC, known for…
Transense Technologies joins £37.8M LANDOne project with Airbus & ATI
LONDON: Transense Technologies plc, is pleased to announce that it has formally joined an Aerospace Technology Institute supported project, “LANDOne”, with Airbus to provide SAWsense technology and support the development of next generation landing-systems technology. LANDOne is a £37.8 Million project looking into new lighter, lower maintenance landing gear systems. Officially launched in 2022, Transense…
Northamber Plc acquired Tempura Technology and Tempura Communications for £6.02 million
LONDON: Northamber Plc (AIM:NAR), a leading value-add AV & IT distributor, has acquired Tempura Technology Limited (TTL) and Tempura Communications Limited (TCL) together with their respective subsidiaries. Tempura is a value-add distributor of unified communications including VoIP, connectivity, audio visual and video conferencing solutions in the UK, Ireland and the BeNeLux. The total consideration for…
Hologic Inc. signs deal to acquire Endomagnetics Ltd for $310 million
LONDON, UK: Hologic Inc. (Nasdaq: HOLX), a global leader in women’s health, that it is has signed a definitive agreement to acquire Endomagnetics Ltd. The acquisition, which is subject to regulatory approval as well as working capital and other customary closing adjustments values Endomag at approximately $310m. Endomag is a medical technology company, based in…
HSBC Holdings Group Chief Executive, Noel Quinn, to stepdown
LONDON: HSBC Holdings plc announced that Group Chief Executive, Noel Quinn, has informed the Board of his intention to retire from the Company after nearly five years in the role. As Group Chief Executive, Mr Quinn has overseen a successful transformation of the Bank. During his tenure, HSBC has delivered record profits and the strongest…
SYME €135m Inventory Monetisation Programme with SFE and Italian Neo Banking Group
LONDON: In a significant move to enhance cash flow for manufacturing and trading companies, SYME, a leading fintech business, has proudly announced the initiation of a €135 million Inventory Monetisation (IM) Securitisation Programme. This strategic agreement involves Société Financière Européenne S.A. (SFE) and a prominent Italian neo banking group. The programme is set to unfold…
Aminex secures $3 million funding facility from Eclipse Investments
LONDON: Aminex, a company specializing in exploration and development, has announced the establishment of a $3 million funding facility with Eclipse Investments LLC, its principal shareholder. This strategic financial support is structured to be accessible over a 24-month period, with an initial tranche of $1.5 million guaranteed and the subsequent tranche subject to Eclipse’s discretion….