LONDON: Smarttech247 (AIM: S247), a multi-award-winning provider of AI-enhanced cybersecurity services providing automated managed detection and response for a portfolio of international clients, has signed a new additional contract with an existing pharmaceuticals solutions client worth USD $2.1 million over three years. The contract will utilise Smarttech247’s partnership agreement with Splunk Inc., which brings together …
Category: London Stock Exchange
News and updates from London Stock Exchange
Thor Explorations announces strong 2023 performance and optimistic outlook
LONDON: Thor Explorations Ltd. has reported a successful operational and financial year for 2023, with significant achievements at its Segilola Gold Mine in Nigeria and exploration properties across Nigeria, Senegal, and Burkina Faso. The company sold 73,356 ounces of gold at an average price of $1,907 per ounce, generating revenue of $141.2 million and an…
Oxford Biomedica reports 36% decline in revenues for 2023
LONDON: Oxford Biomedica plc, a leading cell and gene therapy Contract Development and Manufacturing Organization (CDMO), has released its preliminary financial results for the year ending December 31, 2023. Despite a challenging year, the Group has maintained stable core business revenues with a slight increase, although total revenues saw a significant drop of 36% to…
Supermarket Income REIT announces acquisition of Carrefour Supermarket portfolio in France
LONDON: Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-linked, long income from grocery property, announced the acquisition of a portfolio of Carrefour supermarkets in France through a sale and leaseback transaction (“SLB”), for a total purchase price of €75.3 million (excluding acquisition costs), reflecting a net initial yield of…
COMAC secures order for 100 C919 Aircraft from a major airline
LONDON: A major airline company has entered into a significant agreement with the Commercial Aircraft Corporation of China (COMAC) to purchase 100 of the much-anticipated C919 aircraft (Extended-ranged Version). This transaction is set to reshape the future of aviation with the C919 being a direct competitor to the likes of Boeing and Airbus. The deal,…
Aberforth Split Level Income Trust announces winding-up scheme with AGVIT
LONDON: Aberforth Split Level Income Trust plc (ASLIT) Board has outlined a scheme for the company’s voluntary winding-up. The Board has agreed in principle with Aberforth Geared Value & Income Trust plc (AGVIT) on a reconstruction scheme, set to be effective on June 28, 2024, pending shareholder approval. AGVIT, launching on July 1, 2024, will…
EU Panel endorses AstraZeneca’s breast cancer drug Truqap
LONDON: The European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) has recommended the approval of AstraZeneca’s drug Truqap, in combination with Faslodex, for treating certain advanced breast cancer cases. The positive opinion is based on the CAPItello-291 Phase III trial results, which showed a 50% reduction in disease progression or death compared…
Ikigai Ventures Limited appoints Kane Black as new Chief Executive Officer
LONDON, UK: Ikigai Ventures Limited (IKIV:LSE), a Special Purpose Acquisition Company (SPAC) listed on the main market of the London Stock Exchange, and established to acquire one or more companies or businesses with solid Environmental, Social and Governance (ESG) credentials, announced the appointment of Kane Black as the Company’s new Chief Executive Officer with immediate…
Blackstone Inc wants to acquire Hipgnosis Songs Fund for $1.57 billion
REVISED RECOMMENDED CASH ACQUISITION OF HIPGNOSIS LONDON, UK: Blackstone Inc. through Lyra Bidco Limited has agreed to a cash acquisition of Hipgnosis Songs Fund Limited. The transaction, valued at approximately $1.57 billion (equivalent to £1.26 billion), will be executed as a takeover offer under section 337 of the Companies Law, with an alternative Scheme option…
Libertine Holdings plc announces strategic review to maximize shareholder value
LONDON: Libertine Holdings PLC, known for its innovative Linear Generator technology, has initiated a strategic review to explore various options aimed at enhancing value for its shareholders, employees, and stakeholders. The company, which has seen significant technical and commercial progress since its IPO in December 2021, is considering measures including additional equity fundraising and a…
Thoma Bravo L.P. agrees to acquire Darktrace Plc for $5.315 billion
LONDON: Thoma Bravo L.P. through Luke Bidco Limited has agreed to acquire entire issued, and to be issued, ordinary share capital of Darktrace Plc. The acquisition will be implemented by way of a Court-sanctioned scheme of arrangement. Under the terms of the acquisition, each Darktrace shareholder will be entitled to receive: $7.75 in cash/share. The…
Fix Price Group posts 8.8% increase in revenue during first quarter 2024
LONDON: Fix Price Group PLC, a global leader in the variety value retail sector and the largest of its kind in Russia, has released its Q1 2024 financial figures, showcasing significant growth despite economic headwinds. For the first quarter ending March 31, 2024, the company reported an 8.8% year-over-year increase in revenue, reaching a robust…